I agree with you that lots of pple out there think tat MLM
business is not appropriate and viable, usually says tat it is a
pyramid scheme. But in actual fact how many out there really fully
understand wat it means by MLM/Network Marketing? Sad to say tat
traditional type business has saturated the mind of many pple out
there in the marketplace. Anything not of the old tradition
normally create doubts. Agree?
See below my ans to ur qns
1. What are the factors that make an MLM good?
Marketing plan and products. Marketing plan will tell you how much
you can earn from ur effort. Products tat is marketable now and in
the future are important to every business.
2. As long as I can make money, should I care how I make it? or
what products I promote?
(I too, like most people, like to make a quick buck. Even if I do
not want the products, someone else might right? eg, slimming
pills, facials. )
Before you can be an effective distributor, you ought to know ur
products in and out. If u can't convince urself then how r u able
to convince others.
3. Most MLMs pay more for recruiting than retailing. Why is it? And
is that bad practice?
MLM company, like Amway and Avon started by doing direct sales. But
soon distributors realized tat by purely selling, they can't earn
much and it is very time and energy consuming. So they embarked on
building networks, meaning recruiting downlines. I won't say
getting paid from recruiting, but commision due from the stocks
that new recruit has to purchase upon signing up.
4. I earn my friends' money by recruiting them.
But they are buying the chance to resell the distributorship and
make money from their friends. And so on.
So everybody gets rich together as long as people believe and keep
joining.
Win-win situation right?
What do you think?
I don't think tat is the right motivation to involve in MLM/Network
Marketing. Don't forget u will be the lead for ur direct downlines
and u have to keep them going otherwise the whole network will just
stop and gone bust. So how many direct downlines can u handle at
one time. There should reach a pt tat u juz concentrate helping ur
direct downlines to recruit their own downlines. Ur ultimate goal
in MLM should be tat residual income generated by the pple in ur
entire network.
5. Do all MLMs ask for initial investments and monthly maintenance?
Is this a justified expense for having your own "business"? Or is
this the way money is earned money from downlines?
It depends on the Marketing Plan.
6. Who is supporting the MLMs? The consumers or the
distributors?
Both. There r pple who only want to use but not joining.
Distributors most of time r oso users of their own products.
7. It is said that only the top few guys who pioneer the MLM will
earn.
So is it ok as long as I am the first few to join?
(eg, the new MLM Long far that started few weeks ago)
It is the person who presevere tat will rise up to the top.
MLM/Network Marketing is not easy business, it is not like some who
said it is a get-rich-quick scheme. Requires a lot of patience and
effort.
8. What do you think of Long Far?
If Long Far is started by ex-Coslab agents. And Coslab was started
by ex-NOP agents. Then they must have a lot of MLM expertise and
experience right?
No idea.
9. Which MLMs do you know that limits the number of distributors in
an area?
No idea too.
