So many times we have seen as an industry people not really understanding Multi level Marketing, and because of that, truly do the industry a disservice by leaving the industry, and then saying bad things about it. True, charlatans are in every industry, but if they had only known and embraced the three secrets that I am going to cover, it might have ended up a different result.
Who really knows?
But there are Three Secrets that can make Multi level Marketing a whole lot more likely to create a Success in your life than a failure.
Ok....what are the three secrets?
1) You MUST Understand that it is about LEVERAGE.
You have heard this before. But understand why leverage is so important: Leveraging time is the single greatest secret of the wealthy. They understand that if you leverage your time, you can then create an army doing the job that normally one person would do by himself, thus creating greater effort and results.
You MUST leverage your time and income to create wealth. Yes, you must work very hard, but having 25 others working towards building your business as well as their business is the most powerful form of leverage there is. All corporations leverage other people's efforts, and then combine all the employees efforts to create a business!
Multi Level marketing does the same thing. It allows you to build a team of distributors and then leverage their time and effort, and combined with yours, can potentially build a solid business.
There is NO wealth of any kind if there is no leverage. You either are leveraging effort, time, money, or people. Multi level Marketing allows you to leverage all 4.
2) You MUST understand that it is about DUPLICATION.
We all have heard this before many times: You gotta DUPLICATE!
But what exactly do you duplicate in Multi level marketing? Simple. You duplicate TASKS, and then form them into a PROCESS that is step by step path to Success.
You cannot duplicate personalities, we know that. But you CAN duplicate the tasks that are necessary to create the results that will form a Success in Multi level Marketing.
The tasks you duplicate are prospecting, contacting, presenting, following up,and getting the decision. You also duplicate training, recruiting, building for events, and getting a new distributor started, among other tasks as well.
3) You MUST understand that it's about MULTIPLICATION.
Get this Secret: Duplication creates paychecks. Multiplication creates wealth in Multi level Marketing.
What do you multiply?
LEADERSHIP. You MUST multiply Leaders in your group, and they must multiply the duplication process, and results with their team.
Multi level Marketing should be called "Multiplication marketing," as it truly is about MULTIPLICATION, not just duplication.
That is why most people fail in Multi level Marketing. They focus on Duplication, but never Multiplication. You MUST Multiply Leaders and Leadership in your group. If you don't, your business will never create the Power within it that creates wealth.
If you multiply Leadership in your group, and duplicate tasks and processes by leveraging your's and other people's time and effort, you will have discovered the True Secret of Success in Multi level Marketing.
blessings...doug
PassionFire Intl
http://www.passionfire.com
Affiliate Level Marketing Multi Program
The unfortunate part about it is that they were the only ones making money. No one on their team was duplicating the efforts they were doing. Whether they were selling vitamins, travel, a gas saver product, lotions, potions, pills, candles or juice beverage products, I have tried it all and it was a difficult task for me.
The classic MLM training plan is to firstly approach your family & friends but if you are like me (just a normal family guy) i soon ran out of people to bug, so what then, well i then tried the next step in the manual and hosted two or three home parties and got nowhere, once i ran out of leads I started buying leads, in the hope of converting some people into my business. That is so much harder than it sounds. Sure I made sales, but by the time I was getting to the next profit level, the people who i brought in 2-3 months ago were dropping like flies. This is why I could never make it to the next big payout level of the commission plan.
For some reason, I would always fall short of the next bonus payout or car bonus. Usually, I would fall short of personal volume or group volume or I would have enough on my left side, but not enough on my right side, so I would miss out on the big payouts, month after month.
This is the same old stuff you hear about why MLM doesnt work for most people and the only people making money were the people with huge dowlines and people that have been in the business a long time with lists of hundreds of thousands of people to market to. For any newbie MLMer joining, good luck.
I once watched a stay at home mom put $13,000 into a business to quit within a year. Most of us are smarter than that and would have quit after a few months and maybe only lost $1000 down the drain, but this person was persistent and did not want to fail. So she kept plugging away until they had no money left and when gas prices went to $3.50, the father of the family couldnt afford to put gas in the car. So much for a supportive upline.
The only thing we have found on the internet to work for most people is a direct sales company that pays you 100% of the sale. Companies that have a price point of less than $1000 to start. This is the only way you have a chance to succeed. Beware of the $1500 to $5000 programs, the start up company and program jumpers.
The truth about start ups is that they have no track record. You have no idea if they will be in business two years later. Watch out for people who jump ship every time a new program comes out on the internet.
Most importantly, be careful of the program that costs more than $1000.00. They are hard to sell, no matter how good it sounds - unless they have lower entry levels or allow you to work your way up without further investment - but these are few and far between.
I hope this helps your research in determining a company that you have confidence in and that you can be proud to represent.
Both Doug Firebaugh & Mark Quibell are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Mark Quibell has sinced written about articles on various topics from Multi Level Marketing, Business Intelligence and Web Development. Mark Quibell is a successful entrepreneur having developed several successful businesses over the past 10 years. His latest enterprise had a t/o of 300+ million US$. To join Mark and his business partner Shay and become part of their. Mark Quibell's top article generates over 1900 views. to your Favourites.
Communication Skills In Relationships This way you tap the source of power itself rather than a branch. The last and most importantly, develop flexibility in your language and approach. It will maximize your capacity to reach your audience and thus your power