A business model is wherein independent distributors market a service or product and also build a team of distributors in their downline. It is through the multiple layers of distributors that will generate the residual income as the team grows. It is the person that is able to manage their team to produce the sales and motivate them to recruit. That is the one that will excel.
MLM business so appealing to people?
So why is the MLM business so appealing to people? There are several reasons but the big ones are they own their own business and they are their own boss. They have full control over their success or their failure. This means that there are no boundaries. You can earn as much as you want. In a recent study about the US economy, it was said that there will be 10 million new millionaires created in the next 10 years. The two categories that will have the most will be MLM and Health and Wellness. As you can see the MLM business is very strong and will create many new millionaires in the upcoming years. MLM is a great place to be right now.
The concept of MLM
The concept of MLM is in general thought to be illegal but in fact is very legal. There have been some companies that were scams that have polluted the MLM reputation with misinformation and general misunderstanding. When looking at a specific MLM there are several places where you can get good information however in general searching on the internet will confuse you because there is so much misinformation.
MLM stands for Multi-level marketing
MLM stands for Multi-level marketing. The muli refers to the multiple layers of distributors that a person can receive commissions from by building their team. Each level downs pays a different percentage as the team grows bigger and bigger at each level from the multiplication factor. These large teams lead to large residual incomes. Additionally most MLM’s pay a bonus for recruiting new people in the business. The additional bonuses help the distributors to earn income fast as they start their teams. The real secret is to recruit eagles into your team an not ducks. A team of eagles can make you wealthy.
The question you want to answer is how do you recruit eagles into your team. Well, this is the question that has been asked by every new distributor in the MLM field since it was started back in the late 1800’s. The best way is to market and advertise. In this day of the internet, the most cost-effective way to reach people is to do online marketing. You can reach anyone in the world and do it at a fraction of the cost of traditional advertising methods. You can build your team almost overnight anywhere in the world.
So the bottom line is why would anyone want to join an MLM company as really been answered. With all the money that can be made and the low risk, it just makes good business sense. Great opportunities with this kind of payouts are just hard to find. And on top of all that the compensation is endless.
Just follow someone else success plan
How successful you are is completely in your hands in the hands of the team that you recruit. You just need to have the heart to not quit and put in the hard work. One of the hardest things is to retrain yourself to think a different way. Most people spend a great deal of time and money changing their mindset before they succeed. Additionally, you need the right training and system. Where you find that is through someone who has already done it. Why reinvent the wheel when you do not have to. Just follow someone else success plan.