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What do the top MLM distributors do?
Posted on 19 December 2012 by admin
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Posted on 12 December 2012 by admin
Question by Marcello: What do people in MLM use to assess the business opportunity financially?
Being that all MLMers tell you its a business, I am wondering what business principals are used to assess the opportunity from a financial point of view.
For instance, last year I bought an apartment building and my investigation of whether it was a good financial opportunity consisted of looking at the gross and net incomes for the prior 3 years (verifying income and expenses) , looking at the market rents and occupancy rates, and calculating the average sales prices (on a per unit base) over the past 6-12 months within a 1 mile radius. All that information was used in my financial assessment of the deal and to help me decide whether it was worthwhile.
Looking at financial statements is key in buying any business, but I have never heard of this in MLM. Other than statements made at a meeting or from their sponsor, what financial criteria is being used to decide whether the MLM “business opportunity” makes sense financially and is it ever verified?
Mexico4me, so your research was merely looking at a COMPENSATION PLAN! Oh my, how sad.
What exactly did you verify? That the plan would pay a particular compensation percentage? So, you are telling me your upline number’s, someone who is supposedly making money running this MLM business, was of no interest to you?
Yes, you are delusional. Thanks for proving my point!
Best answer:
Answer by fukinluckyfuker
MLM’s make 90% of their money through turn-over. Constantly repeating a cycle of recruiting, training, selling and quitting.
Most people will join, sell what they can to friends and family, then quit.
It’s only an opportunity for those willing to recruit and train. Problem is, once you realize you are selling overpriced crap to your friends and family, most people won’t be able to recruit anyone if they don’t believe in the product they are selling.
Bottom line, MLM’s are tough for most people to make any real money at, unless you stick through it long enough to recruit lots of people below you, where you make money on their sales.
And of course no one wants to show you their books or really look at hard figures, because it’s all pie in the sky.
What do you think? Answer below!
Posted on 09 December 2012 by admin
Question by Dave M: How to advertise online for a home based business opportunity to the US Market?
I’ve got a great programme that I’ve joined that’s making me about $ 2,500 a week.
However I’d like to increase my income by advertising in the US market as well to my site. I’m currently travelling on business and as such don’t have much time do check up on this.
For further details, you can check out the website at:
http://www.247moneytree.com/chirag.html
Any of you got any ideas how I can go about advertising for my online home based business?
Any ideas would be good such as online or other channels but please give me links to which avenues I can use.
Thank you Very Much!
Best answer:
Answer by freedomnow1950
Hmmm! This sounds suspiciously like a cloaked advertisement.
However, I will take your question at face value. I have three suggestions: 1) pay per click advertising works worldwide if done right. Open up a Google adwords account for the US, plus an Overture account (Yahoo). That will get you over 90% visibility of sponsored searches for the US. If you are not sure how to maximize your ppc marketing without losing your shirt financially, hire a company to set up and monitor the accounts for you. I’m currently using WPromote.
2) The more targeted your leads, the better. There are lead companies that cater to mlm’s, and even though the leads may not be company specific (the best) at least they can be genre specific. My favorite lead company is Cutting Edge Media which will do a US or US and Canada only so you will be sure to reach your target market.
3) The easiest way to build your downline is to recruit other network marketers. There are lots of US companies that sell genealogy (mlm) leads for as little as 5c a lead. You get a lot of disconnected numbers, but what you recruit will not have to be trained or supervised. Many times, one person will bring his or her entire downline with him and you benefit big time. Do a Google for genealogy leads US. Good luck!
Give your answer to this question below!