top 50 mlm
Jan/100
top 50 mlm
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Best MLM (Network Marketing) Business Opportunity – $10K+/mo
In MLM Turnover is Vanity – Profit is Sanity!
I see the following situation so many times with people in their online Network Marketing or MLM Business.
They are looking for a way to get some extra cash and come across an MLM opportunity see the Compensation Plan, totally see the leverage that is possible and fall in love with the dream of working less, choosing their own hours and earning a lot of money in the process.
Do not misunderstand me all of this is possible once you know how to do it. But for the beginner in Network Marketing it is a steep learning curve and will take either a lot of time and effort or a lot of money for them to start earning.
Most people seem to get involved with a high end opportunity to start with that pays out big commissions usually $1,000 per sale and think that if they can just get a few sales they will leverage of their downline and earn a lot of cash virtually on autopilot.
The problem is that the people who purchase a product from them (Their Downline) also think the same think that they will too leverage from their downline.
Again this can happen if you are lucky enough to sell a product to someone who has a huge list of prospects and knows how to Network Market then they may go out and make 50 sales in a month and you therefore earn $50,000. Unfortunately the chances of signing somebody like that from just a few sales are not good. In fact 97% of people fail in their MLM Business.
Most people start out by buying leads from a company and this has several inherent problems.
1.They are usually expensive
2.They are usually sold several times over so that the lead generation company can make a profit.
3.They are quite often offered an incentive to fill in an online survey. Which means that they have not been the one to initiate the interest. (It is usually just another question on a survey)
4.They are not targeted enough.
A lot of the time people end up in the situation that they have spent more than they would earn in commission from a sale and they have not even made a sale yet.
Let me ask you a question ‘
Would you really spend $2,000 in marketing to earn a commission of $1,000?
It does not make any sense to do this anyone can see that you have just lost $1,000.
But what about the leverage is what most of you are thinking. If that one sale sells one product a month for the next six months I would be in a profit situation of $5,000.
And of course you would be correct if that did happen. Remember the statistic from above – 97% of people fail in their MLM Business. Of course this does not mean that they do not make any sales but I’m sure that you get the point. If you want to be successful in Network Marketing and have any kind of longevity then you need to:-
1.Create your own sales (Do not rely on your downline to sell)
2.Improve the odd’s for your downline – Teach them how to be successful in their business – You will have some time wasters to filter – So concentrate your time on those who are taking action.
3.Create your own leads ( you can do this at far less cost and they will be far more targeted)
I would also recommend starting with a lower value product whilst you are building up your knowledge. It is far easier to sell something that is $30 than $3,000. Think about the products that you have purchased – I bet you have purchased several in the $20 to $80 category and very few over $2,000. The risk at this level is not as big also.
That way as you learn and add value to yourself in terms of knowledge you will also be building your list so that at a later time you can move up to the higher end product and you will have a list that you can sell to.
Remember the title to this article – Turnover is Vanity, Profit is Sanity.
About the Author
Mike Goodchild is a qualified accountant and has been making money online for over 7 Years. He is the author of a Free 10 Day Email course on how to get free traffic.
If you would like to look at the ideal MLM opportunity if you are a begginer or expert see www.endless-mlm-leads.com and learn how to generate leads for free and build your list and earn a residual income at the same time
Can the top network marketing companies guarantee your success? By reading this article you’ll learn why a company’s ranking isn’t as important as you may think. You’ll learn what’s really necessary to succeed and where you should put your focus. You’ll also learn how to choose a company and what to watch out for.
Many people in network marketing are only concerned with choosing one of the top network marketing companies because they believe this is the key to success, but it’s not that simple. People tend to get caught up in the hype of a company and believe that everything will just fall into place simply by joining one of the top network marketing companies. But a business opportunity is just a tool. It’s a vehicle you can use to achieve financial freedom, but you will never get anywhere if you don’t know how to drive that vehicle to reach your destination.
Never lose sight of the fact that the most important aspect of your business is you. What are you willing to do to achieve success? How much time and effort are you willing to put into your business? And most importantly, what plan of action are you going to take to succeed?
A lot of people in network marketing make themselves dream boards, which are boards covered in drawings or pictures of what dreams they want to fulfill. There’s nothing wrong with this, but what I feel is even more important is making yourself an action board. This board should list out your goals and have step by step actions that you are going to take to achieve your goal. Don’t just put “I want to sponsor 10 people a month.” Instead, answer this question: How will I sponsor 10 people a month? Be as detailed and specific as possible. If you don’t know how to achieve your goals, work with your upline or anyone with experience in the network marketing field to find the answers. Do some of your research, and learn something new. The Internet is a great resource, as well as a great way to build your business. Study Internet marketing. Learn how to offer value to others instead of just pitching your business or product. Always make sure you are moving forward and if you’re not, get help.
Now don’t get me wrong. Choosing the right company for you is still very important. Here are some things to consider when choosing a company and what you need to watch out for.
Think about what your interests and values are. If you have no interest in cosmetics, going with one of the top cosmetic network marketing companies is probably not going to be a good fit for you. On the other hand, if you have a strong interest in health, you may want to consider looking at companies that focus on nutritional supplements. If you find a company that you’re excited about, don’t brush them off if you find out they are not one of the top network marketing companies. If they are a good fit for you, and you truly believe in their products, then don’t worry about how they rank against other companies.
Now is there anything wrong with choosing one of the top network marketing companies? Of course not. You just don’t want this to be your only deciding factor when choosing a company. There are definite advantages of going with one of the top network marketing companies. You already know that they are established and trustworthy which is incredibly important. You always want to be on the lookout for scams, so make sure you do your research before selecting any company. Talk to other distributors. Find out what customers are saying about their products. Don’t take anything at face value. If something sounds too good to be true, it probably is.
Choosing the right company is a very important decision, but there are more factors to consider than just the company’s ranking. While there are advantages to choosing one of the top network marketing companies, what’s even more important for success is how much you believe in a company and the actions you take to reach your goals. No company can guarantee your success, but if you have a game plan and follow through on it, you can guarantee your own success.
Curious to know how a company ranks? Check out this site for a list of the top 50 companies – http://kimklaverblogs.blogspot.com/2008/01/top-50-network-marketing-companies-week.html.
John Engel is a network marketing consultant with a passion for helping others succeed. Check out his site at http://www.frustratedmarketersolutions.com.
