eg: UK or Brides UK or Classical Art or Buy Music or Spirituality
 
eg: UK or Brides UK or Classical Art or Buy Music or Spirituality
 

Your Online Guide » Ideas for Marketing » Multi Level Network Marketing

Fear Of Loss Drives MLM Business
by Brett Nordin, Bre
It's like something out of Shark Week on the Discovery Channel. A feeding frenzy of professionals from every MLM in the industry staking their claim on what might be the fastest growing network marketing company in the industry and it hasn't even launched yet. As a person that teaches large corporations how to grow and develop, I'm fascinated about what we are witnessing first hand. What is driving these professionals into a panic mode?

The name of the new network marketing company is called XLRevShare, a start-up that is officially launching on Jan. 1, 2008. XLRevShare has developed a viral marketing system that revolutionizes how MLM reps market their business. The product is virtual, so all of the usual manufacturing and distribution costs are added back into the profit margin. This allows a very low start-up price of only $150 and a monthly service fee of $25.

By reviewing the XLRevShare case study, we can learn three valuable precursers to a successful MLM launch:

1. Select an innovative product or service that has broad appeal. Lotions, pills and potions are being oversold and commoditized within the MLM industry. The industry is ripe for products that can enable and grow MLM companies or bring value to large groups of general consumers.

2. The ability to make money by leveraging an existing client base or network. The quickest and least expensive sale to make is the one to an existing client. The most expensive and longest sale to make is one to a stranger.

3. Fear of loss. When the product or service has a low barrier to entry and the attributes listed in #1 and #2, the possibility of great success creates a sense of fear. Given the nature of an MLM compensation structure, the difference in one week could mean the loss of thousands in commissions.

The lure of big profits and rapid market penetration causes more an more businesses to attach their product or service to an MLM distribution model. At the same time, there is a disheartening among the business community because these companies appear to be clones of one another. Top line members from one MLM break off to form another company selling almost the same product. This commoditization of the business model can only have adverse long-term effects on the perception of consumers.

As with any industry, innovation drives growth. It's time to step outside of the model of replication and focus on delivering real value. If MLM companies can re-invent themselves or their products and services, they'll not only have a booming launch but also an opportunity for long-term success.
Brett Nordin has sinced written about articles on various topics from Property Investment, Credit Loans and Network Marketing. To learn more about XLRevShare, Brett Nordin is a business consultant and entrepreneur with a passion for various business topics including sales, market. Brett Nordin's top article generates over 22200 views. to your Favourites.
EditorialToday Ideas for Marketing has 4 sub sections. Such as Branding & Identity, Marketing Strategies, Marketing & Communications and Trade Shows & Conferences. With over 20,000 authors and writers, we are a well known online resource and editorial services site in United Kingdom, Canada & America . Here, we cover all the major topics from self help guide to A Guide to Business, Guide to Finance, Ideas for Marketing, Legal Guide, Lettre De Motivation, Guide to Insurance, Guide to Health, Guide to Medical, Military Service, Guide to Women, Pet Guide, Politics and Policy , Guide to Technology, The Travel Guide, Information on Cars, Entertainment Guide, Family Guide to, Hobbies and Interests, Quality Home Improvement, Arts & Humanities and many more.
About Editorial Today | Contact Us | Terms of Use | Submit an Article | Our Authors