The Truth about Network Marketing
The cold hard truth about MLM is that the concept is incredibly simple. Implementation is much more difficult.
If one is actively recruiting new customers and affiliates, then the only possible way to fail is to quit. A large customer base in any business takes time to build.
It is important to understand that you are self employed. No work, no pay. No free lunch.
The biggest mistake that people make is exaggerating the qualities of the product or the compensation plan. Let’s call it what it is. A Lie! It is deceptive to lie in order to induce people to buy. The truth is good enough. There is no reason to compete for the world’s biggest liar. This leads people to believe that the program is a get rich quick scheme. When people are not rich by Friday, they call “Liar, Liar, Pants on fire!” Then they quit and complain that it is an illegal scheme.
How Big is MLM?
Huge. The origin of MLM business is disputed, however, the most accepted theory is that it first started with the establishment of Avon in the USA during the year 1886. 20 million Americans claim to belong to a network marketing company or about 1 person from every 10 households. In 2017 the industry was responsible for USD $180 Billion in sales. That’s bigger than the movie industry the NFL and NBA organizations combined. Over $300 Billion this year estimated globally. Exact numbers are difficult to obtain because some people jump from one company to another, while some other people are members of more than one MLM company at the same time.
In truth, it can take 3 to 5 years to build a large enough customer base to receive a 5 figure commission check each month. Maybe longer. Of course, for some people it is actually much shorter. In reality, five years is rather quick to retire when you think about it.
A network marketing organization grows geometrically. Not linearly. Think of it like this. If you double a penny every day for a month, you will have over $21 million dollars. Now, let’s look at the actual steps. One penny times 2 equals two cents. Double it 5 more times and you have 64 cents. Do that 5 more times and you get $20.48. And again 5 more times and you get $655.36. On the 21st day you have $20,971.52. And after 5 more days you get $671,088.64. On the 31st day you have $21,474,836.48. Pretty impressive. Add them all together and your total for the complete month is $22,167,573.13
Now, here is what is interesting. Halfway through the month, on the sixteenth day, the total was a measly $655.36. So if a person gets discouraged on the third week, he is short sighted and quits. However, the best was yet to come and if he had stuck it out instead of being a weenie, he would have over Twenty Two million dollars in cold hard cash.
By being impatient and not sticking it out, he proved that he was not smart enough to deserve the $22 million dollars. I say he did not deserve it, because it is true. He did not have the mind set to have $22 million.
This is what happens when a person with a poor mind set inherits a lot of money or wins the lottery. Because he does not think like a rich person, or act like a rich person, he makes bad decisions and is broke in just a year. It happens a lot. On the other hand, when a person with a rich mind set loses all of his wealth to some tragedy, he will be rich again in just another year.
In other words, if he doesn’t have a rich mindset, he will lose the money even if you give it to him. Whereas if he does have a rich mindset, he will regain his wealth, even if you take it away.
Rich vs Poor
The fact is that rich people think and act differently than poor people. It is true and that is why I used the word “deserve” a little earlier. If you get something that you do not deserve, then mother nature will take it back. Jesus told this to people in almost everything He said.
One example is the parable of the sower. Another example is the parable of the talents. God wants us all to be rich if that is what we desire. He created man and said that “Man is that he might have joy.”
The trick, then is to develop the rich mindset
Once you have the mindset, you can keep your wealth, even if you temporarily lose it. And obtaining wealth comes naturally to you because it is the way you think. This is what I meant earlier when I said you deserve it. It is a power. Like when Jesus used His power to restore sight or even life itself. It is a real power. Having the power will bring to pass the circumstances and events that are conducive to your success.
Some people will say “He’s lucky or she’s lucky.” And it’s not that at all. It’s because you have observed and followed the laws of the universe. God said “Seek and ye shall find.” “Knock and it shall be opened unto you.” See, a lot of people see the Bible as just another book, while others see it as an instruction book for life.
What makes a good Network Marketing company?
There are literally thousands of different MLM companies to choose from. Some go bankrupt in less than a year just like any business of any kind. So you want to join one that has their troubles behind them.
Lots of companies sell cleaning products or health related products. This is because everyone on earth needs these items. Typically MLM products are better than what is available in the store. For instance, Amway sold soap that was not 99% fillers. Consequently, a teaspoon did the job of a cup or more of regular soap. Guess how much water is in a gallon of Clorox? 97%. Lots of items in the store are pure trash on purpose. Sometimes because they think you are too stupid to get a good product. Imagine a company that sold chlorine bleach by the drop. They could call it super bleach and all they did was remove the water.
Of course, a network marketing company needs a good product. The funny thing is that they don’t need a GREAT product. A good product is good enough. A company also needs a good compensation plan. Not a great one, just a good one.
The reason I chose My Daily Choice is because they do have a great compensation plan as well as several great products. Perhaps even better than great. Terrific! Fabulous! Fantastic! Some might even say miraculous.
Be Grateful towards God
So when we see people that are successful, we can emulate their actions. We can learn from their behavior patterns. Ever notice how Rush Limbaugh, the world’s most famous talk show host, gives the credit for his success to God. Every day he will state that his talent is on loan from God.
Ever notice that Grant Cardone states that his motivation to succeed is so he can take care of his family and his church.
Jon Huntsman Sr., vowed to seek a cure for cancer and God allowed him to become a multi-Billionaire so that he had the funds to help other people.
Of course, we also need to be dedicated. We have to stick with it. We need to not be a quitter.
Help your downline succeed
When you get a new customer, you teach him/her the math. Maybe you start a blog or Youtube channel to tell your story. When you help other people to succeed, you will automatically help yourself in the process. Another gem from the Bible. Do unto others as you would have them do unto you. And when you are known for helping other people, you automatically get an invisible army that is striving to help you. The more you help other people, the more the universe is in your favor.
It is important to see the big picture. Be in business for the long haul. Do not quit when success is just around the corner. When you do a search engine search for the world’s best or top rated network marketing professionals, you find that the people that are earning several million dollars per month have been in the business for more than a decade. It takes time to build a large customer base. This is not a get rich quick scheme.
You know ahead of time that it is going to take three to five years to become financially independent. But seriously folks, where else can you earn such a large amount of money in such a short amount of time? And on such a small investment? What other business can you start for less than $200 per month?
How quickly can I earn money?
In the olden days, (less than 5 years ago) when checks paid were monthly, one might have to work for a month before getting paid. If a company was a pay period behind in order to calculate commissions and any refunds, this might increase to 2 months. My Daily Choice pays both weekly and monthly. The Jump Start Bonuses are paid every week and are based on new people that joined and are the first checks you receive as a new affiliate. Since the company was founded on the principle of new people earning enough money to live on right away, this was a major advantage.
A person coming in at the Executive level which can cost $299 on up earns a 50% commission on the new people they bring in on their first month purchases. Sponsoring a new Executive brings you a cool $200 bucks. And you get it next Thursday. Sponsor 5 of these and earn a thousand dollars. Every week or every month. Your choice. Of course, there are a lot of other commissions and bonuses, also.
Network Marketing is a great opportunity to help other people.
If you want to join one of the fastest growing MLM companies on earth with the greatest products and most innovative management, please take a free tour and see if the business is for you.
The main reason that some people think poorly of network marketing is that they don’t know how to do it. Your family and friends are not going to make you rich. I don’t even talk to them about it. When they ask me how I can afford this or that, I tell them. Hempworx provides free personalized web sites, landing pages, and sales funnels. They have automated email bots that follow up with people in a personal way that is related to the actual growth of their downline. Actual names and numbers are used to show how a person’s downline is growing before they even get started. Sometimes people have a few hundred people in their downline before they even become an affiliate.
This is truly a business that you can do online with over 90% automation. I don’t call leads. Or participate in three way calls. And I certainly never go to a hotel meeting or take a stranger to lunch.
Here is a related blog I wrote on Crushing it.