Multilevel Marketing, commonly called MLM, Network Marketing or direct sales is one of
highest potential income sources anywhere, but particularly on Internet. It has been claimed that in last 10 years more people have become millionaires through MLM's than in any other business or profession. I don't know how true that is, but I do know a lot of people have made a lot of money through MLM's.
Multilevel Marketing is also known as Pyramid Schemes and a number of other less-than-complimentary names. This is unfortunate because MLM's have a lot of potential.
There are some things you need to know about an MLM before you join one though:
* You need to be selling something. It can be selling a product or a service, but it must be selling. If all MLM does is recruit new members, then it is what is called a "Ponzi Scheme" and it's illegal. * They have to have a good product. You can send all traffic in world to an MLM website, but if product they are offering has no appeal, it won't sell no matter what you do. If it doesn't sell, you won't make any money. Simple as that. * They have to have "staying power.” That is, they have to be good enough to last for a long time. Many MLM's are gone in a year or two and no matter how well they were paying you, once they've folded, you won't get any more money. * Plan on working at it for a long time to realize any significant income. MLM's don't usually build quickly, so you have to be very persistent. Once they do start to build though growth is exponential and income unlimited.
You have probably heard of some MLM companies, and maybe you've even been a member of one or more of them. Odds are, if you were a member, you dropped out after a while because it was just too hard to promote these systems successfully.
One of worst parts of promoting MLM's is rejection you will face. Try to think of this differently. I like to think of myself as miner prospecting for gold during gold rush. I sift through tonnes of dirt to find my one or two pieces of gold. All I am doing is prospecting, more 'dirt' I can sift through closer I am to finding my 'gold'.
If you have done research on your MLM company then you will have chosen one with a product that has an attraction to a mass market so you are not limited to one demographic of community. Look at economic environment, what are trends or 'boom' industries? Research has shown that health, weight management and anti-ageing are some of fastest growing industries worldwide. - A huge market is starting to unfold as 'baby boomer' generation ages and increasingly becomes more concerned with staying healthy and youthful.
