Why NOT an MLM Home Business may be a better question. Network Marketing, also referred to as MLM as in Multi-Level Marketing, is a business model that puts everyone on the same playing field and gives everyone the same opportunity, advantages and disadvantages. It is capitalism and the free market at its best for everyone involved!
Essentially, an MLM Home Business is the advertising or marketing arm of a company, it’s the method a company uses to get its product out into the hands of its customers (and loyal customers in this case). There are many reasons why you hear Donald Trump, Robert Kiyosaki, Warren Buffett and countless others touting the industry today.
One reason for this is due to the loyalty of MLM home business customers. Because of the way the model is setup, an independent representative or “rep” only needs to ever gather a few customers for the company him/herself to be qualified for the top levels of compensation the company offers. Therefore, the reps now how important their customers are for their business and therefore personally see to it that their customers remain happy so you have very high levels of personalized customer service. So of course the company doesn’t mind sharing a part of the revenue these reps ensure continues to come in to the company, month in and month out.
But for the individual, considering the other options available to make extra money whether to pay off debt, add to a savings account, build up a nest egg or just to increase their lifestyle or dramatically change their life, there really is no other legitimate alternative for most people.
Where else can you build up an income producing asset with little to no prior experience (lots of hands-on training available) from home, part-time around your busy schedule, consistently for a period of a couple years with very little capital invested and be able to supplement or replace your current income $500 a month, $5000 a month, even $50,000 or $500,000 a month? The sky is the limit, and there are people in the network marketing industry documented as making nearly $1 Million a month residually today, as in without having to work anymore to receive it (see for yourself: MLM 2010 Top 400 Earners).
And although you don’t have to buy or lease a building or install a bunch of phone lines or buy several pieces of expensive equipment or hire employees or take out a 2nd mortage on your house to start a MLM home business, you still get tax advantages because you are building a business.
The Greatest Benefit of an MLM Home Business
One of the greatest things about an MLM home business however is the leverage it gives you. We’ve already talked about being able to leverage a tiny amount of capital (a few hundred dollars to as much as a few thousand) and be able to get access to the resources of multi-million dollar and even billion dollar companies (like customer support, order processing, training manuals & classes, sales tools, and most importantly back office systems).
But you’re also able to leverage yourself – your time and your energy – by being able to build a distribution network from which you’ll receive overrides, commissions and bonuses above what you’re receiving for the work you’re doing. It’s like being able to become a Real Estate broker on day one, receive some on-going training and be able to earn-while-you-learn the business, with the ability to bring aboard agents (other independent contractors – they are not your employees thank goodness! Less paperwork, hassle, liability…) who you don’t have to pay yet you receive income from the efforts of what results they bring to your organization (or your brokerage in this case).
Now that’s not to say that you simply fill out an application and have a huge MLM home business tomorrow of top producers who are going to make you rich overnight. No, this is NOT a get rich quick or pyramid scheme. This takes legitimate work and time to develop. But over time, as you gather your customers and begin to attract quality people to your MLM home business who in turn go out and do the same, you can start to create a income that can supplement your existing income – perhaps giving you some additional freedoms, reducing some stress in your life and freeing up some of your time. And in time – if you’re consistent and are coachable, meaning you’re following the plan – your income will continue to increase and become residual, where the income comes in each month whether you’re out building it or sitting on the beach.
MLM Home Business Companies & Products
Today, in part due to the discovery and promotion of the big names mentioned above, there’s a plethora of companies and products you can get involved with. One thing you must be clear about though is your intentions for building the business and what you want to get out of it. If you’ve simply found a great product you like, that’s great but that doesn’t mean you’ll make money. In fact, it might even trap you as your love for the product can turn you into a sales person as you try to convince and sell every person about how great it is.
This is not a sales business, and with that approach you likely will not get very far or make very much money except for the sales you can create and continue to bring in. But if you’re looking for a high paying sales job, you may want to look else where. The model is designed to reward those who can duplicate themselves into a team of others, each of whom is just doing a little bit which gets a lot of product, services or memberships sold.
One other mistake I see some people making is trying to do more than one MLM home business at a time. You need to stay focused with one company if you want to create any substantial results. Just like you can’t drive two cars at the same time, nor can you drive two MLM home businesses at the same time either.
So if your intention is to create supplemental income around your schedule as you develop a team of others to eventually be able to create a walk-away residual income two to five years down the road with your MLM home business, then you need to focus on building a team – that’s where the money is. In fact, the less time you spend with whatever your company’s trying to sell, the more money you’ll make. It’s not about the product.
In fact, you may want to steer clear of a product or service altogether. There are some MLM home business companies out there that market memberships, whereby people purchase a one-time membership to actually save money each month for the rest of their life rather than have to increase their expenses each month on new products or services. In this economy with the high unemployment rate and all the market uncertainty, people are looking for ways to cut costs and increase their income – can you think of anything better to market?
So find an MLM home business company that’s established and has been around a while, make sure the compensation plan rewards you well for your team building efforts and find a product/service/membership not that you have fallen in love with but rather one that the market wants and is begging for. Keep it simple, be consistent, follow the plan and take massive action as you build it around your busy schedule.
To learn more and to boost your MLM home business income using ONLY the strategies and approaches of the Top Earners in the industry, download THE Authoritative Home Based Business Training for 2010 ($247 Value FREE for a limited time only). This 20 page training manual was created from over a dozen years of industry training, education and experience. Combine the old school methods that have created multi-millionaires with the power and leverage of the internet with today’s top internet marketing techniques to create a lasting walk-away residual income. Get FREE access to the training by visiting here now: “Authoritative Home Based Business Training for 2010″
PS> If you’re not satisfied with where you’re at, I’m currently accepting a limited (7) number of applications for people who are ready to work and are serious about making an extra $5000 in the next 90 days or less in order to create some additional testimonials for my blog and MLM home business training mentioned above (for the official $247 release version). If you feel you fit that category, visit the Work With Hans page to learn more. I only have time to work with 7 new people so if you’re ready to move forward and work personally one-on-one with me, don’t hesitate, take action now by clicking here.
Originally posted 2010-11-17 11:48:20.
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- Hans Schoff
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