There are many benefits Network Marketing offers to those that want more in life. However, many people fail to investigate this industry because they have a misconception of some concepts regarding MLM. Let's clear up a few of these misconceptions.
Getting in on the ground floor is the best time to start a Network Marketing Business.The truth is, it is the worst time to join. Eighty-five percent of all companies, including Network Marketing companies, go out of business during their first three to five years. The Network Marketing business model is no different than any other business model.
Network Marketing is an opportunity for someone who is not doing well financially to make some money - maybe even a lot of money.The truth is that many people who are struggling financially are doing so for a number of reasons, including low self-esteem and/or a lack of the basic skills and preparation that allow one to succeed in anything. Network Marketing is a powerful and dynamic economic model, but not so powerful that it can overcome people's lack of readiness or persistence. People who are already successful in whatever they do, tend to also succeed in Network Marketing. The great part is they are apt to do better financially in Network Marketing because the economic dynamics are so powerful.
Network Marketers succeed by being in the right place at the right time. Network Marketing is a business: it is not a hobby, a game, a scheme, a deal, or something in which to dabble. People who treat it lightly do not succeed. People who treat it as a new career, a profession, and a business have a reasonable opportunity to make it pay offvery well. As with any new career, profession or business you need to learn what you are doing, invest in your education and tools, and apply yourself diligently.
The way Network Marketing works is the "Big Guys" make all their money off the "Little Guys".The "big guys, little guys" myth is usually perpetuated by people who define "fairness" as "everyone gets the same benefits regardless of their contributions." That is not how Network Marketing works. In Network Marketing, the people who attract, train and motivate the most salespeople earn the most money.
You have to use your friends and family to make any money in Network Marketing.The truth is, you do not and should not. Your friends and family should only become part of your business if it serves them to do so. If you do not believe your opportunity can serve them, do not offer it to them.
If MLM really worked, everyone would get involved and the market would soon be saturated.The truth is, although this is mathematically possible, history has proven that saturation is not an issue.
Not everyone in Network Marketing can build a residual income business?An effective Network Marketing distributorship built in an established long-term Network Marketing company can, and should, steady residual income indefinitely.
A reasonably capable person in the right company can create a monthly residual income of $5,000 within a couple years of part-time effort. THAT'S RIGHT - a million-dollar distributorship within three to four years!
A residual income from a reliable MLM company is perhaps the only truly viable option available to anyone with the ambition to pursue it. I personally believe that in the next few years most people will have added this business model to their wealth-building strategies.
Network Marketing is the economic stimulus for everyone!
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