90% Of All Network Marketers Lose Money–And How You Can Beat The Odds
I promise to the the truth, the whole truth and nothing but the truth.
I am not one of the top earners in my company. I don’t live “The MLM Lifestyle”.
Not yet, at least.
I’m an active participant in a networking business and I think it’s the greatest business opportunity in the world today. I will achieve financial independence through MLM.
It’s not my dream to live like J.R. in Dallas. Multi-million dollar mansions and Rolls-Royces don’t interest me. I have better things to do with my life. My business will allow me to money and time to enjoy my friends and hobbies, contribute to worthwhile causes, and send my kids to college.
One of the things that turns lots of people off about network marketing is that so many sponsors make it sound like a GRQ, a Get Rich Quick opportunity. The truth of the matter is that NOT EVERYONE ASPIRES TO BEING RICH. Why don’t more people understand that? (Don’t get me wrong. I LIKE material goods. I LIKE “toys”. But being rich in and of itself isn’t the most important thing to me.).
I believe that most people who want to enjoy a healthy residual income from MLM are far less money motivated than is commonly thought. It would be wise for those who are serious about building an MLM business to consider the possibility that
…the average per capita income in the US is about $25,000. If they are approached with the opportunity to make TEN TIMES that much, they’ll know that something is wrong.
…most people aren’t “driven”, type-A personalities who would sell their soul for wealth.
…even though America was built by small businesses, they need time to think of themselves as business owners. 78% of all MLMers have always been employees and the responsibilities of owning a business can seem intimidating.
I recently attended an opportunity meeting I’ll never forget. The presenter was a schmaltzy, oily, snake of a guy who was intent on telling the attendees how easy it is to make $60,000 per month in his business. (I bet he’s never made over $60,000 per YEAR!) He did all the same things he saw his sponsor do–drawing circles, smiling real big, using all the right words–and he had some of these poor folks halfway convinced they could do the same thing. (The rest of them were thinking about what they were going to have for dinner and who was going to play in the SuperBowl.)
I knew how things would turn out. A few, maybe 10% of them sign up. 90% of them would lose money and drop out in 6 months because they were spending more than they were making. the rest of the audience would wonder why their friend had gotten involved in this obvious scam. This happens every night of the week. Stop by any Holiday Inn.
Just ONCE, I’d like to hear someone tell the truth at a recruiting meeting. I’d love to hear the speaker say,
“you’re not going to make much money for three to six months. whatever money you make, you’re going to reinvest back into your business. It will be work hard and you’ll have to do things that are outside of your comfort zone. You can take it at your own pace and I’ll be here help you whenever you need me. If you follow my proven plan, you can create a full-time income in six to eighteen months and you won’t have to worry about money again.”
That’s what I’d tell you if you came to me.
Like any other business, success in MLM isn’t easy. If it was, everyone would do it.
A drawback of MLM businesses is that they cost very little to join. Once you’ve heard the extravagant claims of so-called top earners, you might be tempted to gamble a few bucks to “see if it works out. My advice is…DON’T. Send the money to Haiti or give it to your church instead. Find out what you’re getting into BEFORE you sign on the dotted line. You’ll be doing yourself–and your sponsor–a favor.
MLM is a fantastic opportunity for “average” people to participate in the free enterprise system. It can provide you with all the material success you’ve ever wanted. But it’s not for everyone, and you deserve to know the truth before you sign up.
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Tagged with: affiliate marketing • downline builder • internet marketing • mike dillard • Mlm • mlm training • MLSP • multilevel marketing • network marketing • recruiting distributors • residual income • scams • WAHM • work from home
Filed under: Mlm
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