If you have seen any of my marketing materials for trading or other info products, you may have noticed my now famous line (I actually came up with this – but I see many using it now): NO MLM & NO BULL. If you read that you might think that I’m against MLM or network marketing – I’m not.
In fact, one of the things I made a LOT of money on back in my mail order days, and my early days online, was multi-level marketing. One of the companies I worked years ago is still sending me checks (and it has been over 20 years now!). I probably used that now famous line because I know that so many folks have a bad taste in their mouth over MLM opportunities.
I think it is a good idea to have some MLM income (unless you can write a best-selling book or top 40 hit song, it may be about the only way for most folks to get recurring income), but I think you should have other types of income streams as well.
I also know how important it is to choose a good MLM company if you are going to build an organization. It is also important to have a plan of action, or a system that will work for you and every member of your team as well! In fact, that may be more important that the opportunity itself.
Years ago we built some really big teams (and we are in the process of doing that again – along with other income streams too) in network marketing.
When I first came online back in 97 I put together a training program for networkers using an auto-responder (I may be the first one to ever use a responder for an email course – at least I had the first one that I knew of). The course teaches anyone how to use the net to build their MLM income. I still get 20 to 100 subscribers each week for that free course, all prospects for my other offers.
But, why are so many sour toward networking opportunities? The biggest problem I’ve noticed is that they are on a shoestring budget and don’t have the money to really market well. If they do have the money to promote it, those they bring in may not (also, they might not have a clue how to market their biz).
Folks who don’t know what they are doing, and/or don’t have the funds to do it correctly often complain about the company, their sponsor, and whoever else they can blame their failure on. Many times I’ve seen ones who had the money to promote, but they were treating their MLM biz like a lottery. Just get in and before you know it, someone shows up at your door with one of those BIG checks! It just doesn’t work that way.
I do electronic Index trading online about 4 days a week, and I’ve seen people do the same thing with trading. They really don’t give it time to work for them, then they run around crying WOLF, and telling everyone the sky is falling.
You can make HUGE LIFETIME INCOME in network marketing, but just as in trading, it won’t happen overnight. If you have a LOT of money to play with, it can happen more quickly.
My advice is to have other sources of income that you can use while your MLM or network marketing biz is growing. Maybe you can offer some type of info product on MLM. Maybe you have a job you will need to hang onto until your biz income replaces it. It’s your dream, don’t let anyone steal it from you! Yes,
MLM does get a bad rap, but look there are crooks in ALL industries, that does not mean all are bad! Have a little stick-to-it-tiveness, and you can make the type of income we all know that network marketing can provide!