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What You Should Know About Multi-Level Marketing
Home Based Business Opportunities:
Just what are all those thousands of programs and solicitations spreading a swath across the country…called “Multi-Level Marketing”? Well a good portion of them are nothing but chain or pyramid schemes, some completely illegal.A true Multi-Level plan is one in which there is an agreement between yourself and a manufacturer or distributor to purchase products at wholesale and sell them at retail, also with the right to sponsor others (your down line) thus multiplying your sales base and profits by receiving a percent of the sales made through your downline. Persons you sponsor show others the program and sign them up as members under themselves. In effect you are multiplying your efforts by selling the product through a network of distributors. The downline is usually set us at three to five levels deep although it seldom gets that far, especially if it is a multi-level program being circulated through the mail.
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Michael Peters on January 16th, 2006 9:32 am
Studies have shown that all MLM reps have a 95% Failure Rate and there’s not much mystery as to why that is. In order for a Multi Level Marketing rep to be at all successful, they have to find a way to duplicate everything they say & do.
On top of that, further studies have shown that the GOOD MLM reps have to talk to at least 100 people just to get 10 new members in their downline and even less than 1/3 of those new members can duplicate what the first MLMer does to get their own downline.
I’ve been an MLMer for several years and I know that I’m no different than anyone else out there. In my experience, it was all I could do just to get one new member in my downline but I’ve built a web site that talks about a way I’ve found to duplicate what I say & do to everyone I meet and to teach those new members to do the same.
Check out my URL!
Sean Cowan on May 9th, 2007 4:44 am
Avon, Herbal Life, Amway and a bunch of others are certainly huge and the founders are deserving of their billions. But isn’t it more interesting to not only think, but KNOW, who is going to be the next MLM guru? Wouldn’t it be a fantastic opportunity to get in on the ground floor so you can ‘ride the wave’?
Well, I am convinced that the next MLM money making machine has already been started – Check out this interview with Bob Proctor, the guy behind the Movie “The Secret” and in general “The Law of Attraction” – click through the links to the SGR program or the Attraction accelerator program to see the most amazing MLM program you will ever come across, literally.
The link is here:
http://www.wisdomofgettingrich.com/rights/BobProctorInterview.pdf
If you follow the links you will see how the MLM system works and appreciate how you can make money – it’s pretty amazing!
All the Best!
Sean
http://www.WisdomOfGettingRich.com
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