In my last post, I spoke about the pitfalls of the MLM trade. I can tell you however, that I have also seen folks be successful in MLM who were NOT the folks who got in early on but rather, years down the line. So here are some tips for selection and success:
1. Don’t get sold by the dollar signs (or rather the promises of the dollar signs). Find a product you can authentically endorse. Will you use the product? Are you authentically excited about the product? Are you the norm or the exception to the rule? Can you speak easily about the product rather than trying to sell it?
2. Does the company’s sale method work for your personality?In other words, some MLM’s are “party plans” (meaning they want you to have people host parties in order to introduce the product to people), some are not. If you aren’t the type that gets excited about having a bunch of strangers in your home or being in a strangers home, this may not be the company for you.
3. Does the comp plan make sense? What is the balance in what you can make for “recruiting” versus selling the product? When all the money is in recruiting, you get into “pyramid” territory…
4. Don’t forget that at the end of the day, this is a business! Do you have time to engage in the activities that are going to support your success? Running a business means marketing and selling. If you’re working full-time and also have a family, are they partnered with you and willing to make sacrifices to have you away while you’re business building?
5. Are you patient? Rome wasn’t built in a day and chances are, neither will your MLM business. Granted, there is a direct correlation between time invested and results BUT, plan on things taking time. Bottom-line: You won’t really know what your biggest objections will be until you’re in the trenches.
There is money in MLM if you select wisely, educate yourself and are truly committed to the outcome. For more information on MLM versus pyramid as well as further links to resources, click here.
You were born to be great.
YES, you can!