MLM = Making Lots of Money or...

by Altin
30 replies
MLM = Making Lots of Money
or
MLM = Multi Level Mediocrity?

What do you think?
#lots #making #mlm #money
  • Profile picture of the author Jeff Schuman
    It totally depends on the person. My parents and uncle and aunt were both full time in Amway for over 10 years in the 1980s. I personally know people who have earned over $1 Million Dollars in various MLM programs.

    On the other hand the attrition rate in MLM is bad. Around 95% of the people quit. Many of them spend more then they earn. That is not the fault of the business model, but rather the fact that people who join do not have business skills and fail to learn and implement them.
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    • Profile picture of the author CyberAlien
      Originally Posted by Jeff Schuman View Post

      Many of them spend more then they earn. That is not the fault of the business model, but rather the fact that people who join do not have business skills and fail to learn and implement them.
      I would say that most of them spend more than they earn if you add up everyone who's tried an MLM program. The problem isn't necessarily the business model, but more of our it's presented. Too many people try to present it as a way to get rich, but when that doesn't happen then people give up quickly. In reality, if the just presented it properly then they would get more qualified people who are in it for the long haul because they know that work is involved.
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  • Profile picture of the author tofrar
    Originally Posted by Altin View Post

    MLM = Making Lots of Money
    or
    MLM = Multi Level Mediocrity?

    What do you think?

    MLM = Make you lose Money
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    • Profile picture of the author Horny Devil
      Banned
      Originally Posted by tofrar View Post

      MLM = Make you lose Money
      rather . . .

      MLM =Millionaires Leading Mugs
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    • Profile picture of the author DerekGann
      Originally Posted by tofrar View Post

      MLM = Make you lose Money
      You made me laugh.
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  • i'm not big on network marketing since working with amway for a short time about 15 years back, but my wife and I have been working in an anti-aging network marketing company for the past 3 months and doing pretty well. i really didnt like network marketing companies up until we found this company. Its only been around just over a year and did $100 million the first year on the market. and on top of that, its only been launched in the US so there is huge growth potential as we start to launch into other countries through the end of this year.

    The reason I believe in the product so much is the product truly works, and works fast. another great thing about this company they donate 30% of it's profits to cancer research. no other company that i know of does this.

    if anyone wants to learn more about the product or the company, let me know. if you're outside the US, get in touch so you can be one of the first to carry this product in your country.
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  • Profile picture of the author Sarevok
    I know a bunch of guys who wrecked it with mlm.

    What did they all have in common?

    They already had a massive following.

    Then they further promote it saying "I made 20k in a week with this system!" which of course is true; however it's difficult to mimic their success unless you also have a massive list & following.

    Not saying it's BS or it doesn't work for the little guy, but what I said is true.

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  • Profile picture of the author Kal Sallam
    Marketing is marketing at the end it all comes down to selling something and how you sell it.
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    • Profile picture of the author TheCLPro
      Originally Posted by Kal Sallam View Post

      Marketing is marketing at the end it all comes down to selling something and how you sell it.
      I think this is an excellent way to look at it. Let's look at Solavei, a Wireless Service Provider utilizing the Network Marketing structure of building their subscriber base. For every 3 Wireless Subscribers you sign on to their $49/mo Cell Phone Service, you get $20/mo residual. This averages out to a little over $6 per month per customer.

      Other Wireless Carriers such as T-Mobile Prepaid, H2O, Page Plus, Simple Mobile, etc. are paying only 1-2% Residuals off a dealer's customer base.

      Not to mention, the Solavei PLAN is excellent and provides more bang for less money than the major competitors. Right now, this is a hot company, and the service is easy to sell because it is in high demand...

      So, if the product is good, the company is solid, the compensation plan allows you to make the money realistically that you are looking to make... And you don't have a Quitter attitude.... Network marketing CAN be for you and CAN work for you.
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  • Profile picture of the author soulsby29
    I think when starting out it is difficult to succeed with MLM programs but once you have built a list and they trust you then it is easier to get people to join . You also need a system that is easy for people to duplicate and be successful with otherwise they will just quit!

    Also if the product is something that is of value and the person needs then it can offer the opportunity to create a long term residual income.
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  • Profile picture of the author J50
    MLM's in my opinion 95% of the time are ran by highly sophisticated criminals. I'm not going to start naming names, but there's a very big one taking grip online at the moment. They all tend to end up the same way.
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    • Profile picture of the author CurtisSWN
      Much Lost Money
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    • Profile picture of the author Tsnyder
      Originally Posted by J50 View Post

      MLM's in my opinion 95% of the time are ran by highly sophisticated criminals. I'm not going to start naming names, but there's a very big one taking grip online at the moment. They all tend to end up the same way.
      Possibly the most ridiculous post I've ever read on this subject.
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    • Profile picture of the author CoachManny
      Originally Posted by J50 View Post

      MLM's in my opinion 95% of the time are ran by highly sophisticated criminals. I'm not going to start naming names, but there's a very big one taking grip online at the moment. They all tend to end up the same way.
      I'm sure I can guess which one you are referring to but I can tell you that you are completely wrong when you say 95% are run by criminals.

      Statements like that shouldn't even be allowed on a reputable forum like this.

      Manny
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  • Profile picture of the author Jeff Burritt
    The keys to pursuing MLM:

    1. Get in early with a a rising star network.
    2. Leverage the credibility of a proven 6 or 7 figure earner.
    3. Must have a quick simple online recruiting system.
    4. You must have a way to generate consistent new leads.
    5. Treat it like a stock. Don't get emotionally stuck. Move on when momentum fads.
    6. Always connect with your downline/prospects and build your own private list.
    7. Gather testimonials from your upline/downline.
    8. Brand yourself using any small amount of success.
    9. Network with leaders in the industry. Don't try to recruit. Just network.
    10. Protect your reputation above all else.

    Just some thoughts off the top of my head. And yes I've made lifetime over $600k in MLM. Been profitable in several. So I know a thing or two.

    Good luck!
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    • Profile picture of the author Tsnyder
      Originally Posted by Jeff Burritt View Post

      The keys to pursuing MLM:

      1. Get in early with a a rising star network.
      2. Leverage the credibility of a proven 6 or 7 figure earner.
      3. Must have a quick simple online recruiting system.
      4. You must have a way to generate consistent new leads.
      5. Treat it like a stock. Don't get emotionally stuck. Move on when momentum fads.
      6. Always connect with your downline/prospects and build your own private list.
      7. Gather testimonials from your upline/downline.
      8. Brand yourself using any small amount of success.
      9. Network with leaders in the industry. Don't try to recruit. Just network.
      10. Protect your reputation above all else.

      Just some thoughts off the top of my head. And yes I've made lifetime over $600k in MLM. Been profitable in several. So I know a thing or two. https://www.google.com/#output=searc...w=1366&bih=667 e

      Good luck!
      1. Not necessary. The top earners in most companies did not
      join in the beginning.

      2. Useful, but again, not necessary.

      3. Not necessary

      4. True... but not in the way you think.

      5. Poor advice.

      6. Yes

      7. Yes

      8. 99% of the people in MLM have no idea what that
      means or how to do it... including most of the successful ones.

      9. True

      10. Of course.
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      • Profile picture of the author jlongoria
        Originally Posted by Tsnyder View Post

        1. Not necessary. The top earners in most companies did not
        join in the beginning.

        2. Useful, but again, not necessary.

        3. Not necessary

        4. True... but not in the way you think.

        5. Poor advice.

        6. Yes

        7. Yes

        8. 99% of the people in MLM have no idea what that
        means or how to do it... including most of the successful ones.

        9. True

        10. Of course.

        Thank you for clearing this out, you beat me to it. I do not know why people have the impression that MLM companies ALL are a scam. Its a proven business model.
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  • Profile picture of the author tyronne78
    MLM is a great way to generate leveraged income and earn off of the efforts of others. It all comes down to prospecting and how well you're good at generating leads. If you're an expert at lead generation everything else will fall into place. The timing of the company, the products and the compensation plan are important but if you don't know how to generate prospects for your business none of that will matter.
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  • Profile picture of the author shafinazahra
    You need to be a leader in what you're doing and you need to commit to it. I never understood the value in an MLM but I can see lots of potential in it now. Not everyone is going to succeed but you need to make people see the value in what you're giving them without it being all about sales.

    We have to really be passionate about the market product we're promoting too - those at the top really show their liking for the product - it's about making money yes, but it's also about making money with something that means something to the person - that I believe is the big stand-out factor
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  • Profile picture of the author Christian H
    Having been in the MLM niche for the past 15 months it saddens me to see how many people here actually waste their time promoting a single product or productline, furthermore, the advice given is of poor quality and there are a lot of half answers.

    The company I work with atleast trains people on how to effectively run their business.
    - We have a Business System with 6 repeatable steps

    Prospecting
    Approach
    Presentation
    Follow-up
    Fast start
    Duplication

    I did manage to make myself 12,000$ last summer, and i'm in the process of repeating that success.
    Below is a take-out from our 75 page manual, solid advice for any Network Marketer:

    Drill for skill technique

    Drill for Skill on the approach
    Since 90% of the failure in this business takes place in the approach and there are only two simple reasons why most people fail in the approach — by either doing it wrong or just not doing it — you must train each associate to become a “Master Inviter”.

    You can’t learn how to do this from just reading about it, and you certainly don’t want your new BAs to practice on their prospects and make a bad first impression. The best way is to train your BAs old and new just like the airlines train their pilots.

    Creating a Training Simulator
    Did you ever wonder how pilots become so good at flying in bad weather? They certainty don’t tell brand new pilots, “Look there is a storm! Take this multi-million dollar airplane up there and fly into it and let’s see how you do.”
    The airlines use multi-million dollar simulators that simulate the worst conditions possible, and pilots spend thousands of hours training in them before taking to the air.
    Thanks to their extensive training in the simulators, the pilot’s reaction becomes second nature, no matter what situation arises.

    You must do the same thing in your business. You should create training sessions with your leaders that “simulate” real approaches. Since most of the things that they need to learn are the scripts they will actually say over the phone (Or Skype or similar technology), then using the phone is the best way to train them.

    Just get at least three BAs on the phone and take turns being the leader, the new BA, and the prospect. Take it easy at first, until everyone gets comfortable with the flow.
    Then gradually have the BA playing the prospect get tougher and more skeptical and start asking more difficult questions. This way, both the leader and the new BA will learn how to overcome almost every situation.

    This type of simulator training will not only give your new and old leaders the knowledge and experience to make quality invitations, but it will also give them the confidence to make even more approaches. Your team will really start growing at a feverish pace.

    The Approach Conclusion

    Enthusiasm is Key
    Don’t forget to show genuine enthusiasm and passion when making an approach.

    Understanding Human Nature
    You must remember that people are sometimes skeptical, curious and seem uninterested. Don’t get discouraged. Just learn how to hit people’s hot buttons and use the “entice and withdraw” method to get them interested in hearing more about your product.

    Drill for Skill on the Approach
    Take the time to make sure all of your leaders are trained in the approach. Don’t assume they will figure it out. You can’t afford to leave this to chance.

    Build a Team of Master Inviters
    Remember: The leaders and teams who execute most quality approaches attract the most people to view the presentation, which leads to more recruits, bigger teams, and a bigger customer base, and ultimately leads to more potential income for you and your leaders.

    - Chris
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    • Originally Posted by Christian H View Post

      Having been in the MLM niche for the past 15 months it saddens me to see how many people here actually waste their time promoting a single product or productline, furthermore, the advice given is of poor quality and there are a lot of half answers.

      The company I work with atleast trains people on how to effectively run their business.
      - We have a Business System with 6 repeatable steps

      Prospecting
      Approach
      Presentation
      Follow-up
      Fast start
      Duplication

      I did manage to make myself 12,000$ last summer, and i'm in the process of repeating that success.
      Below is a take-out from our 75 page manual, solid advice for any Network Marketer:

      Drill for skill technique

      Drill for Skill on the approach
      Since 90% of the failure in this business takes place in the approach and there are only two simple reasons why most people fail in the approach — by either doing it wrong or just not doing it — you must train each associate to become a “Master Inviter”.

      You can’t learn how to do this from just reading about it, and you certainly don’t want your new BAs to practice on their prospects and make a bad first impression. The best way is to train your BAs old and new just like the airlines train their pilots.

      Creating a Training Simulator
      Did you ever wonder how pilots become so good at flying in bad weather? They certainty don’t tell brand new pilots, “Look there is a storm! Take this multi-million dollar airplane up there and fly into it and let’s see how you do.”
      The airlines use multi-million dollar simulators that simulate the worst conditions possible, and pilots spend thousands of hours training in them before taking to the air.
      Thanks to their extensive training in the simulators, the pilot’s reaction becomes second nature, no matter what situation arises.

      You must do the same thing in your business. You should create training sessions with your leaders that “simulate” real approaches. Since most of the things that they need to learn are the scripts they will actually say over the phone (Or Skype or similar technology), then using the phone is the best way to train them.

      Just get at least three BAs on the phone and take turns being the leader, the new BA, and the prospect. Take it easy at first, until everyone gets comfortable with the flow.
      Then gradually have the BA playing the prospect get tougher and more skeptical and start asking more difficult questions. This way, both the leader and the new BA will learn how to overcome almost every situation.

      This type of simulator training will not only give your new and old leaders the knowledge and experience to make quality invitations, but it will also give them the confidence to make even more approaches. Your team will really start growing at a feverish pace.

      The Approach Conclusion

      Enthusiasm is Key
      Don’t forget to show genuine enthusiasm and passion when making an approach.

      Understanding Human Nature
      You must remember that people are sometimes skeptical, curious and seem uninterested. Don’t get discouraged. Just learn how to hit people’s hot buttons and use the “entice and withdraw” method to get them interested in hearing more about your product.

      Drill for Skill on the Approach
      Take the time to make sure all of your leaders are trained in the approach. Don’t assume they will figure it out. You can’t afford to leave this to chance.

      Build a Team of Master Inviters
      Remember: The leaders and teams who execute most quality approaches attract the most people to view the presentation, which leads to more recruits, bigger teams, and a bigger customer base, and ultimately leads to more potential income for you and your leaders.

      - Chris

      Great tips, Chris. As I read the posts in this thread and other information on the web about MLM, I think it's a legitimate business.

      According to what I've read, there is ONE KEY FACTOR to determine if a company's a pyramid scam or a legit MLM and that is... the FOCUS of the company.

      Is the company focused on recruitment or selling HIGH-QUALITY products?

      If it's focused on the latter, then it's a LEGIT MLM COMPANY.

      Companies like Amway, Herbalife, Tupperware, and Avon are among the LEGIT MLM institutions in the U.S.A.

      As long as there's another way for people at the bottom level to earn money other than recruiting, in fact recruiting should only be a secondary focus. The FOCUS should be SELLING THE PRODUCTS.
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      • Profile picture of the author Christian H
        Originally Posted by Alfonso_Montenegro View Post

        Great tips, Chris. As I read the posts in this thread and other information on the web about MLM, I think it's a legitimate business.

        According to what I've read, there is ONE KEY FACTOR to determine if a company's a pyramid scam or a legit MLM and that is... the FOCUS of the company.

        Is the company focused on recruitment or selling HIGH-QUALITY products?

        If it's focused on the latter, then it's a LEGIT MLM COMPANY.

        Companies like Amway, Herbalife, Tupperware, and Avon are among the LEGIT MLM institutions in the U.S.A.

        As long as there's another way for people at the bottom level to earn money other than recruiting, in fact recruiting should only be a secondary focus. The FOCUS should be SELLING THE PRODUCTS.
        Couldnt agree more - Luckily my company focuses on the same, not yet in the top 10 list, but I'm planning to change that.
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        • Profile picture of the author hansgruber75
          I don't mean to offend anyone who's into MLM, but I've always wondered what type of person does this stuff?

          I want to be successful in life and not have to worry about money. But I also have pride. MLM, Amway, Visalus... all come across as scammy.

          We all know people who sell this stuff and they're not really respected by others.

          Who wants to be sold something in a social setting. It kinda seems low-class.

          Years ago I got hit up by a relative and he pressed hard- it was when Amway went online. I stopped him right in his tracks and told him never to try and sell me anything like this again.

          A few years later he apologized and said he felt like he was in a cult.

          That's what these MLM schemes are- cults. I see people on FB always self-promoting their Body by Vi stuff.

          I'll take pride over driving a black BMW.
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  • Profile picture of the author Alex Greene
    Personally, I hate MLM. I do not consider it as a business because it is a form of scamming people. Most of the people in this kind of business cannot even get started and looses a lot of money. Companies do nothing in such cases except the word of mouth.
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    • Profile picture of the author Tsnyder
      Originally Posted by Alex Greene View Post

      Personally, I hate MLM. I do not consider it as a business because it is a form of scamming people. Most of the people in this kind of business cannot even get started and looses a lot of money. Companies do nothing in such cases except the word of mouth.
      Pure ignorance of the subject.
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      If you knew what I know you'd be doing what I do...
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      • Profile picture of the author Jack Bastide
        MLM Is a Complete SCAM and a Bunch of BS

        Now please send me $27 for My Amazing Ebook
        on how you can make $843,3738.15 with just 3
        clicks of your mouse

        I learned this method from a chance encounter with
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  • Profile picture of the author alvinchua91
    It works; network marketing works. If you don't give up it's bound to work. I guarantee you that.
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  • Profile picture of the author Willie Crawford
    Depends upon the product, the management, the comp plan,
    whether or not the product is over-price in the first place,
    whether or not things are set up in an over-complicated
    fashion, and many other factors.

    Many people who get into MLM's give up before the money
    has had time to kick in... just as many in internet marketing
    do. If you come in with the expectation of over-night
    riches in either, you're setting yourself up for disappointment.
    It takes time and often a lot of work.

    People in both worlds often jump from opportunity to
    opportunity, forever looking for something easier and faster.

    I've been in an MLM since 2004, and I've been in IM since
    1996. I make money with both, and actually use them in
    ways that compliment and grow each other.

    In both worlds the top few make a LOT more than the
    bottom many

    Willie
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  • Profile picture of the author carnal
    I simply hate MLM businesses, these businesses are not for me.
    I have lost money in the past, which is why I am not a big fan of MLM.
    If you ask me, MLM is indirectly a ponzi scheme. People at the top make money, people at the bottom make nothing.
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