So, you are contemplating if you should join the Multi Level Marketing (MLM) or Network Marketing company you were introduced to…
And, there are so many questions on your mind that you hope somebody around you have the answer.
More likely than not, you will get a lot of negative feedback from the people around you.
On one hand the Network Marketing opportunity seemed encouraging and it really feels that the financial success you dreamed about is around the corner.
You’ve seen so many success stories with the MLM company, and you thought that “if they can do it, so can you!”.
But, on the other hand, you are worried that you will be wasting a lot of your time and money, and your family would think less of you if you didn’t succeed.
So, in this article, we will try to tackle all of the questions you might have about the MLM opportunity.
Hopefully, you will be able to make an informed decision before you take the next step towards your financial goals.
It is important to understand…
What is MLM before you continue reading this article, because there will be jargon used, and it may be confusing for you.
So, be sure to read this article if you do not have a good knowledge of what MLM is about.
Now, I assume that you know what MLM is, the follow series of questions will help you determine if the Network Marketing business is a good fit for you.
#1 Should I Join an MLM Company? - Have You Personally Experienced Positive Results with the Products?
This is the most important question that you have to answer.
And, if you don’t have the answer yet, do not be hasty joining the MLM company.
My biggest advice to you is to NOT join an MLM company just because of the compensation plan!
Yes, you were told that there are several spots available for you and you should join it immediately for a chance to be at a higher level in the pyramid.
They say that if you join earlier, you’ll have a better chance of earning than the rest of the people who joined after you.
Now, take a step back and think…
The reason for you to join this network marketing opportunity is so that you can promote the products of the company and earn some money along the way.
And, if your customer is satisfied with the products and wants to join the business as well, you’ll start building a team of distributors.
But, if you didn’t have first hand experience of the products, how would you know if the products will work for your prospective customers?
Would you make false claims that the products are amazing, even if you haven’t tried it yet?
And, even if you’ve tried the products, but you haven’t had any positive experience yet, would you lie about your experience just to make some money?
I don’t know about you, but for me personally, I couldn’t get pass lying about my experience, because it is downright unethical.
#2 Should I Join an MLM Company? - Is the Products Super Expensive?
Chances are, if you’ve purchased a super expensive product from an MLM company, you’d be inclined to promote the products, even if you didn’t have any positive experience with it.
That’s because we want to recoup our losses, and so we will do whatever it takes to earn it back.
So, before you make any big decision to purchase a super expensive product, do some due diligence.
Find out if there are other similar products that are on the market that is not sold by an MLM company.
If there are, then find out what is so unique about the MLM products, and why is the price stacking up against you.
More likely than not, the exorbitant price of the products is set up to sustain the MLM compensation plan. I’ve shared the secrets of the MLM industry in this article.
So, if the MLM products isn’t price competitive with similar products on the market, then it is a good chance that the company is running a pyramid scheme than an MLM company.
Find out more about the difference between an MLM company and a pyramid scheme here.
Also, if you can’t afford to buy the products and experience it yourself, don’t even think of joining the business opportunity.
#3 Should I Join an MLM Company? - Are You Ready to Lose Some of Your Friends?
The truth about this business opportunity is that you have to leverage on your personal network to be successful.
That’s unless you master the skill of Attraction Marketing.
I’ve seen it too often that MLM business opportunities destroyed friendships.
And, in extreme cases, families are broken as a result.
Here are several scenarios:
#1 Scenario: A call from a long loss friend
It is always great to catch up with people you were close to in the past.
And, it is quite impossible to turn down a meeting with a long loss friend.
Because, you genuinely want to know how is that person doing.
And, if there is a chance to rekindle the past relationship and get closer to that person.
That’s until you realize that the meeting is more like a sales call for that person.
It makes you feel cheated and you’d never want to meet that person ever again.
What a seemingly good meeting turns out being one that you wished never happened.
#2 Scenario: You bought an MLM product from a friend…
…And, there’s a problem with the product.
After using the products for a few days, you realize that there are negative effects on you.
You contacted your friend, and she said it’s normal.
Alright, you trusted her and you kept using the product, until your condition got worse.
Now, you told your friend that it is not going to work out and wanted a refund. She started to give you some excuse, and said that she will look into it.
Then, crickets… She’s gone with the wind and you can’t find her…
You realize now that your friendship does not mean anything to that person.
#3 Scenario: You needed help from your friend who is your sponsor…
…And, she is no where to be found.
You trusted your friend that she will give you all the support you need for your business.
But when you are in need of help and support, your “friend” is just too busy with her business.
And, she could care less about your success.
Now, if you are serious about this business..
Make sure that you don’t do the same thing to your friends or family members, otherwise you will face the same consequences.
If the relationship means too much to you, I hope that you won’t let the MLM business opportunity ruin it.
But, if you don’t rely on your social network, how are you going to grow this business, right?
Here are several ways to become a successful network marketer without prospecting your social circle.
#4 Should I Join an MLM Company? - Are You Ready to Commit and Invest in Yourself?
One absolute truth you need to know about an MLM business opportunity is that…
…IT IS NOT A GET RICH QUICK SCHEME…
I still can’t believe till this day, there are so many people feeding false promises and misleading information about an MLM opportunity.
For all you know, whoever that claim that the MLM business opportunity is a path for you to get rich quickly, they are more interested in getting money out of your pocket.
It is because of this misleading marketing messages that gives the entire MLM and Network Marketing industry a bad name.
If you meet with someone like that, I highly advise that you stay away from that person.
The Truth is…
This business opportunity is tough, and you are going to meet a lot of people.
People from all walks of life and you are going to be put on the spot when you are promoting the MLM Company.
This means that you will eventually gain a lot of experience, and most of the time, the negativity surrounding this business opportunity will consume you if you let it.
It is a constant struggle to stay positive in this business, especially when you didn’t get any results, even after putting in all the hard work.
So, you have to invest money in yourself to help you stay positive throughout.
My recommendation is to join a group of successful network marketers who understands your struggle.
This way, you know that you are not alone, and that there is a light at the end of the tunnel.
#5 Should I Join an MLM Company? - Are You Ready to Become a Sales Person and a Leader?
If you are not accustomed to being a salesperson, it’s time for you to get out of your comfort zone.
The fact is, no matter how glamour your sponsor claims this business opportunity is, the downright truth is that…
…It is simply a sales job…
In fact, it is much harder than a sales job.
On top of just selling a product, you are selling a dream. A dream of becoming financially free.
And it takes more than just the product description or benefit to influence people to join your business.
The fact is, the real money is not made with the product sales.
Yes, you can earn some money selling the products, but there’s just a limit to how much you can earn doing it.
The real money is in building an organization…
To earn an income that is worth mentioning, it requires you to leverage on other people’s time and money.
Which means to build (some would call it “recruit”) a team of distributors.
Because, when you’ve built a large organization, the business can simply run without you.
And, you’ll be making money without actually doing anything.
To reach that point, you have to recruit new distributors and coach them to build their own organization.
And, as your recruits grow their organization, yours grows as well.
Much like any business organization, your organization will look like a pyramid.
And, if you can’t differentiate the difference between a network marketing company and a pyramid scheme, you should read this article.
So, to put it simply, in order for you to become successful with network marketing, you have to become a great leader.
A leader who can influence people to join your business as well as to lead a team of distributors to achieve their own financial success.
The question is, are you ready to transition into a leader?
#6 Should I Join an MLM Company? - Do You Have the Right Personality and Mindset?
As you know, sales is not for everyone.
It is for those people who have the toughest mind…
I am pretty sure if you embark on this journey as a network marketer, there will be many times that you will feel discouraged.
Whether it is a failed sales meeting, or your spouse trying to talk you out of this business opportunity…
You have to stay strong and focused towards your goal.
Here are some of the personalities you should possess as network marketer.
- Highly engaging
- Goal Oriented
- Understands your prospects thoroughly
- Relationship Driven
People with these characteristics are more likely to succeed in the MLM business.
Either you already possess the characteristic or you aspire to possess it.
Truth be told, these are the characteristics that can be nurtured through real life experiences.
And, you need a great mentor to guide you.
#7 Should I Join an MLM Company - Have You Found a Mentor?
Especially if you are new to this industry, you need a lot of support and guidance.
But, the problem is, you can’t rely on your direct sponsor to mentor you.
That’s because your sponsor may be someone who is new to the business as well.
So, if you depend on your sponsor for support, you’ll probably end up in a situation where the blind is leading the blind.
If you seriously want to achieve success with Network Marketing, you have find a mentor who has walked a thousand miles in your shoes.
Someone who has been through the process and became successful.
Because, the success rate in the MLM industry is so low, there’s only a handful of people who actually did earn a lot of money with an MLM opportunity.
So, finding someone who is successful and who is willing to coach you, is like finding a needle in a haystack.
Personally, I’ve been searching high and low for a place where successful network marketers congregate, and just a while ago, I’ve found it.
This community is called “the Ninja Networker“.
How I wished I’ve found this community when I was a part of an MLM company.
#8 Should I Join an MLM Company - Are You Ready to Beat the Odds?
If you don’t know it yet, let me disclose this alarming fact.
More than 95% of the people who ever joined an MLM company fails.
And the reason for failure has little to do with the MLM company or its products.
If you’ve read to this point, I believe you already know some the reasons (as I’ve discussed above).
But, the toughest problem that causes the majority of the people to fail is the failure to find a constant stream of prospects.
Let’s face it, no matter how great a salesperson or a leader you are, if there is no eyeballs on your offer, there’s no business.
However, the leaders in the MLM company are not helping you find quality leads…
More likely than not, the marketing training that you’ll get when you first join the business will be as follows:
- Make a list of people whom you think will be interested in the products of the MLM company;
- Categorize those people into “People who may be interested in the products”, “People who are likely to join the business opportunity”, and “People who may be interested in the products and the business opportunity”;
- Start by contacting the people in the list to make an appointment;
- Meet the people and start sharing the products and the MLM opportunity;
- Ask for referrals from the people you meet;
- Follow up with the people who didn’t buy from you.
The problem with this strategy is that you may be targeting the wrong group of people, and you may risk losing friends along the way.
Finding an endless stream of new prospects is part of a larger equation of success.
If you are serious about beating the odds, there are several ways for you to become a successful network marketer.
Network marketing or Multi Level Marketing, is one of the toughest nut to crack, and it is definitely not a business for everyone.
What if Network Marketing is Not the Right Business for You?
So, I believe by now you should have the answer as to whether or not Network Marketing or MLM is the business opportunity for you.
If you still have questions that are unanswered in this article, please, feel free to leave a comment below.
I will try my best to answer them.
But, what if Network Marketing is not for you?
I am sure you are looking at this article with the intention of earning some extra money from the comfort of your home, if possible
So, here are 3 most popular Online Business Opportunities that helped thousands of people become successful online.
I hope either one of these opportunities will be the path of your success.
I wish you all the best in whichever route you take. Thank you and I’ll really appreciate if you can share this on Facebook and Twitter.