If you're going to commit your future to building your business with a company, you should take the time and interview a number of distributors with that company and ask about the work they do and the system they use and their actual earnings. You owe it to yourself to take any company-published promotion with a grain of salt.
Business is business. Don't consider your internet based business to be any different. You'll be playing this game by some pretty serious rules. Enron was a stock-exchange-listed company, subject to SEC rules and regulations ... yet, they STILL cooked the books. Same for Worldcom. If you can't really trust the information released in legal documents put out by publicly traded companies, how much stock can you put in the self-serving promotional statments put out by OTHER companies?
It's surprising some people never question network marketing companies and their sales numbers and the amounts being made by distributors. You can't just innocently believe what they say. No doubt some of them tell the truth. But many don't.
When a company quotes "retention rate," there are a hundred different ways to figure retention rate. A company can just choose the method that gives the result they like best. The only sane action for you is to choose a company based on results that YOU can see or that YOU can actually verify. If you're going to commit your future to building your business with a company, you should actually interview a number of distributors with that company and ask about the work they do and the system they use and their actual earnings. You owe it to yourself to take any company-published promotion with a grain of salt.
A lot of people start in network marketing with the idea that they want to get in position to make a lot of money. They've heard of people earning 7 figures a month. And it certainly has happened. However, the key is to understand the numbers.
Not long ago, a report was compiled of the financial statements of 7 well-known, publicly-traded MLM companies. The report revealed that compensation play payout to reps ranged from a low of 25% of gross income to a high of about 42% of gross income. Think about this. You'll always have just a portion of profits to the distributor base. Let's be generous and call it 40%. If the company's top guy is earning $1 million a month, what does that mean? Wel, for their work. The truth is, the LESS that heavy hitter is paid, the MORE that the part-timers get paid.
That adds up to about 95% of network marketers, and they are the ones who have the dream. A lot of prospects think it's wonderful when they see that one person gets a huge paycheck. However, it may mean you actually have LESS chance to earn a good check. Ponder that notion for a while and really let it sink in.
These thoughts are a sample of what you get in the ebook "Success In 10 Steps" by long-time MLMer Michael Dlouhy. It's free, it's treasured by many network marketers, and it is available to anyone in network marketing to use as part of their own lead generation system. Its popularity with network marketers comes from telling a long, common story of frustration with the industry. Plus, you get a plan to handle every aspect of the frustration.
The fact that you can then turn around and promote the book to generate your own MLM leads is what has brought in over 100,000 downloads over the years. I highly recommend this system for any internet based business. You can get a free copy of the classic ebook, "SuccessIn10Steps", at http://melanie.successin10steps.com
Make Money On The Internet - You Better Have A Darn Good Reason
How much more time would you be able to spend with the people you love if you didn't have to commute to a job every day? Answering questions like this will help motivate you to tremendous MLM success.
MLM Products - Selling Is Not Duplicatable
This business is about building relationships rather than selling products ... because you are Not a salesperson. If you try to get people to buy from you, then you are dead before you start.
MLM Scams - The Books Are Cooked
Before you dedicate your life to building your business with a company, you should interview a number of distributors with that company and ask about the work they do and the proven, duplicatable system they use and their actual earnings.
