Experts and newbies are alike in misunderstanding the way online MLM works, and under-estimating the steps involved.
2 examples of common (but untrue) MLM myths are: "An Internet Marketing Expert is an Automatic MLM expert" and "Make a Ton of Sales, And You Make a Ton Of Cash".
People fall for the same old myths about how these programs work. And these end up costing them hundreds or thousands of dollars a year in wasted time and effort.
Acquaint yourself with these 4 myths, and protect yourself from the online hype and misconceptions.
Myth #1: MLM On The Internet Can Be Wildly Profitable in One Month
The most unfortunate and damaging myth about online home business is that the income can come quickly.
It *may* be possible for a "big dog" with an established network of partners, to create a residual income of $1000 in one month. But this will never happen for the average person building from scratch.
Consider this:
The average internet MLM pays $2 - $7 per person in an organization. To earn $2000 - $7000 per month, you need 1000 people in your organization.
This is very possible to achieve. But it takes time.
Myth #2: "It's A Ground Floor Opportunity - You Must Join Today"
When someone says: "Ground Floor Opportunity - Join Today" what are they really saying?
Is it: (1) "People who join after me have less chance of making money than I do" ? OR (2) "The company will be useless in 2 years time" ?
Would you want to take a year or two to build a good residual income, only to have that income disappear?
And what would happen to the suckers who join in 6 or 7 months time?
A good business opportunity should actually *improve* with time and exposure. It'll be based on products (or services) - and delivering more in product value than the dollar amount people are paying for it.
(Yes it IS possible to find such companies on the internet, I know a few).
Myth #3: Make A Ton Of Sales and You Make A Ton Of Cash
The way MLM (truly) works best is if a large number of people each help each other to make a small numbers of sales.
Let me show you what I mean:
In an offline business we were in, a guy joined who was an awesome direct mail marketer. Soon he put together a masterly direct mail campaign to promote this opportunity. He invested a lot of money then unleashed his packages. In 5 weeks he had several hundred people in his downline, and was earning several thousand dollars per month.
But within two years he had dropped out of that company.
Why is this?
It's because almost none of the people he brought in were able to do what he was able to. So he wasn't able to help them grow their businesses. (He possibly didn't have time to help 500 newbies). And since the monthly purchase requirement was $130 in this particular company they soon started dropping out.
The point you really ought to understand is this:
"In MLM, you don't make much money from making sales -
You make much money from building an organization!"
This brings us nicely to the next and final myth:
Myth # 4: You Build From The Top Downwards
Many people feel that you "come in at the top", then bring people in "under you". They reflect this in their attitude to the job.
If you're smart, you'll know better.
You build from the bottom.
At the start, there's no one else in your business. You just have a dream, and help from your company and upline.
Imagine you're trying to erect a building.
You find 3 bricks and place them in your foundation. But you must physically support these from below. Yes, they're heavy at first, but you do the job. You continue to support them.
One morning you wake up and there are now 9 bricks in your structure, from the 3 you started with.
You're supporting a 9 brick structure now, and because you do, it continues to grow. Eventually, you look up and find that you have a solid building.
Can you see it?
The bottom "bricks" are people you recruit and assist to take their first steps as marketers of your opportunity. When they help other people, your organization expands.
The point is that the engine that drives lasting MLM growth is people helping other people, in small numbers, and everybody doing their share.
At the beginning your job is to sponsor a small number of people and support them, and encourage them to make sales ... encourage them to encourage other people in the same way.
Once you build a small group of people and the helping culture takes hold, you'll start to develop a rapidly growing organization ... that grows rapidly and wildly with a momentum you couldn't stop, even if you tried to.
You'll have an online home business you can be proud of.
------------------------------
About The Author
Copyright 2004 Luke Ilech
Luke Ilech is a freelance writer with special interest in online home business. Learn 7 closely guarded secrets to success in ANY good online networking or affiliate opportunity by visiting his website. This knowledge can pay you for years to come! And it's still F'ree at: http://www.systematicmlm.com/?share
IntroductionDown lines, up lines, overrides and spill over. Understand? Of... Read More
Bookmark this page and refer back to it! Send it... Read More
Do you feel strong, healthy, financially secure?Are you too busy... Read More
Make no mistake it takes a unique skill set to... Read More
This is an interested point I read in the Book... Read More
Many people love to build their internet mlm business from... Read More
Terrible isn't it?You just joined this wonderful new MLM and... Read More
There are two unchanging laws in Network Marketing that most... Read More
Looking at MLM companies, you will find some of the... Read More
MLM or Multi-Level Marketing is a home-based business. It involves... Read More
Some people believe that network marketing really doesn't work. To... Read More
Truth on mlmWhen you think about it the truth on... Read More
If you haven't already read the NY Times Best selling... Read More
You can buy MLM leads from a variety of sources... Read More
MLM Network Marketing Training -MLM Success- The Biggest People Principle... Read More
Mention the word networking and you usually either get a... Read More
When I build my internet mlm business, many of my... Read More
Have you ever joined a program that seems to be... Read More
You're in consistent and persistent massive prospecting action. You are... Read More
Network marketing is Simple, but doing the old way (i.e.... Read More
A year ago, I began reading about real estate and... Read More
Send this to your downline. It will give them a... Read More
When looking at MLM and network marketing opportunities, don't consider... Read More
Just completed this for the December Noni Pearls Magazine, thought... Read More
Lately, I have been happily attracting leads for my Internet... Read More
There are over 700 million computers in use in the... Read More
The network marketing industry is undoubtedly one of the best... Read More
If you've been in this business for any length of... Read More
No, this baby boom will certainly not swamp the Social... Read More
A List for MLM Success.That is what I am talking... Read More
Failure.The word almost makes me want to throw up. Because... Read More
After nearly 20 years in this MLM industry, I have... Read More
The MLM Leadership Secret.Let me ask you a question:What do... Read More
What are the characteristics of the Best Mlm Leads? This... Read More
Did you know you can get free newspaper and television... Read More
So, you have become an MLM Opportunity Seeker and you... Read More
The Ultimate Business Building Goal in MLM.In this MLM training... Read More
If the art of Network Marketing is your "pin-point" passion,... Read More
There is a Myth, a Lie, a Bogus concept that... Read More
There are many ways to build an MLM business, and... Read More
Do you look like a professional Network Marketer? Do You... Read More
The objective of multi-level marketing (MLM) is to sell the... Read More
Network marking is the ordinary person's best opportunity to make... Read More
About once a week, I get someone struggling to build... Read More
Multi level marketing is a type of business where a... Read More
Here is truly a MILLION Dollar Question:What is a Basic?It... Read More
Network marketing or sometimes known as Multi Level Marketing (MLM)... Read More
Many people that bad mouth MLM industry use the pyramid... Read More
When most people think about Multi-Level Marketing, they envision slick-talking,... Read More
Positive thinkers dare to believe that the biggest and best... Read More
When you say network marketing immediately the main stream public... Read More
Looking for a MLM home business opportunity to start your... Read More
Entrepreneurial spirit is sweeping the Nation's interest at a phenomenal... Read More
What difference does it make to you if the sales... Read More
Back in the early days of developing my home based... Read More
The downline group I was honored to help lead was... Read More
The network marketing industry is undoubtedly one of the best... Read More
Richard Bolles, created the hugely popular What Color is Your... Read More
Have your ever wondered why so many of your friends... Read More
If you're thinking about getting involved in network marketing, choosing... Read More
So many people ask the same question: Is Multi-level Marketing... Read More
There is a question that determines probably 80% of your... Read More
So you've gotten the training certification, made up your business... Read More
Do you understand the Power of one new thought in... Read More
"I am a freedom fighter. All of us in the... Read More
You don't have to have a lot of people to... Read More
Network Marketing |