How many of you are part of an MLM ? Which one and how many years have you been with them ? Are you succeeding or failing ?
I've never been in an MLM, but my sister was part of Market America. She did pretty well selling their weight loss products through holding local seminars. It was a ton of work though!
Yeah I also thought MLM died in the 90's? I have always been intrigued by these programs but never really taken part. The theory behind them is good but they have such a bad reputation it's hard getting people on board!
My husband is going to start with ACN in the next few months. Hopefully it goes well... he is good at sales, so I think it will be good!
Actually there are tons of MLM still out there. Some of them are doing really great.Especially nowadays when more and more people stay at home and want to make a living from there.
MLM is a dieing breed, however there are some people adding some unique twists to keep it going. TBH though, you can make more money in the long run, and have less angry people to deal with.
I have tried MLM a long time ago and I did really well. (When I was about 14 years old) However, even if I was able to get like 30 people in to my downline, it didn't mean that they would stay there for long, because they in turn sucked at referring people and therefore they opted out. MLM is a hard business where only the 1%-2% of the top users benefits from it good enough to make a living of it. I would not advice anyone to start nowadays since it's not very popular anymore.
MLM is a not a fair method to all. Some may be succeeded but not all. If someone succeeded in MLM its nothing but we made some one loss (if he is not able to work like how successful person did).
I hope it goes well for you. You do have a couple of little potential obstacles to overcome, there. Women do better in MLM than men do, overall, and people from a sales background do tend - overall - not to be quite as successful as those from some other groups. Statistically, teachers do far better than sales people, some of whom find it a little difficult to adjust. The problem with "closing a lot of sponsorships" (i.e. signing up large numbers of people, as salesmen tend to, by habit) is that in MLM this can mean you end up recruiting a lot of people for whom the opportunity isn't actually suitable. And that just wastes your own time, in the long term. The entry-barriers to MLM are unfortunately set so low that (especially in this economy) people will try it "in desperation", and those people are never going to be successful, really. Although one or two specific techniques from sales backgrounds may certainly be useful, it's really a totally different ball-game. In short, salespeople tend to take a "numbers game" approach to it, and MLM simply doesn't and won't work that way, though the learning curve is long and complicated, and it takes many people a year or two to appreciate this. I did just about manage to make a living from it, for a year or so, myself - but it wasn't really for me, and I have to say (with 3 years' hindsight, now) that I'm very glad I got out of it. Wishing you good luck!
been with an MLM company for more than 3years now. i can say i am successful with it because i don't have to pay for my monthly maintenance products (payment comes from my commission) which my family needed and the remaining commission which i am receiving every month via atm issued by the company is really a big help. I only have around 500 downlines to date in which around 100 are active and regularly buying the health products.
I've been with Market America for 3 years, but it's NOT an MLM. The compensation works completely differently then in an MLM and it's not competitive like an MLM. The way I like it is that I work with a team of people who support me and I support them. For example, online marketers like ourselves are amazing at using online marketing methods to generate an income and leads. Market America allows you to use tools and methods that easily allow you to integrate your current strategies and make easy one-time profit and ongoing profit. I basically then leverage my other team members to help build some other aspects of the business. I'll be honest, I've been marketing online for over 11 years. I've made a great profit from my martial arts websites and products, I've sold websites for big chunks of change, I've done well in affiliate marketing, and I'm lucky enough to actually work from home doing online marketing as well as my opening my new jiu-jitsu school. But, Market America "plugs" into what I do so easily that's becoming a very solid source of revenue that is beginning to rival some of my other sources of marketing very quickly. I suspect that in 6 months it'll be even stronger. My cousin who is basically my brother and team member has also been doing this for three years. It's amazing how quickly they're growing and I'm riding with them. They were actually just featured at a conference because of how fast they were growing. If you need "proof", just message me and I can show you. But, I do NOT suggest other MLMs. They're shady and not worth it. Look at Market America's track record and growth. Plus, they just bought shop.com and the earning potential there is SICK - especially with some integration with Social Media. So, long story short, MLMs suck, but a company like Market America (which is considered an MLM), I'd say give it a fair shot. Again, if you have questions, give shoot me a message.
Here is a link with the top companies: http://www.nexera.com/top25/ You can succeed in MLM, it's just A LOT of work and a lot of brainwashing and non ethical ways of getting people to join your downline.
Alexa some great info there. MLM or Network Marketing is the fastest growing method of doing business in the world. Its turnover is in Billions of Dollars - so definately not dying. Donald Trump is one of its many admirers not to mention the late great Jim Rohn. I've been doing it a couple of years, slow for me but's that's down to me rather than the company I'm with. Done properly you can make some serious money. A word of warning, I've noticed some people promoting a MLM company on this forum where they claim you can make lots of money by sponsoring new people. This is not how MLM works, there has to be a legitimate product or service that customers will want, earning money just for sponsoring is harking back to the old pyramid days. Pyramid selling was made illegal many years ago.