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Avoid the MLM hype trap
The claims of make a $1,000,000 this weekend while you lay on the couch watching TV may sound good, but they come at a heavy cost. I have seen so many people fall for the hype and lose all sense of real business principles.
I can take you to where you’re making $100, $500, or even $5,000 a month quite quickly … But it usually won’t happen overnight and to do that it will also take real effort on your part. You have to follow the simple system which has worked for me and so many other people and follow it to the letter.
So Is Network Marketing a ‘Get Rich Quick Scheme’?
In theory, you can make a lot of money partnering with a good MLM Company. In practice, 90% don’t even recommend their opportunity enough to even cover the cost of their own product purchases.
Why is that? One of the reasons is they run off to chase the “next big thing”. Never mind that a large portion of them are scams or fly-by-night operations. The real problem is many people seem to have a ‘lottery mentality’ (get rich overnight). Just look at the MILLIONS of people who willingly hand over their money to the lottery with a less than 1 in 50,000,000 chance of winning anything!
The fact is, most Network Marketing compensation plans are designed to create long term residual income, not up-front money and people give up when they don’t get rich enough quick enough.
Luckily the company I partner with does have an award winning accelerated leverage plan especially designed to avoid attrition by rewarding people quickly. So look for a company with a compensation plan that has the ability to accelerate income and reward the people (who do the work) and that will definitely help you to retain people.
Be very wary of hype and promises like ‘all you do is sign up and watch the money roll in’ – in a real network marketing business of course product has to move to generate real revenue and someone has to work – reality sucks – you can’t make money out of thin air despite all the promises out there! My advice – avoid the hype like the plague!
Great MLM excuses
Excuses – I’ve heard them all ! Here’s some of my favourites!
(If any of them are yours – please DON’T contact me!)
- I am VERY busy trying to make ends meet and just don’t have the time to earn a large lucrative 2nd income that could free me forever from my debts and stressed-out lifestyle. Perhaps later.
- I know you won’t believe this but I really hate doing anything that could set me financially free for life.
- I already have a slim, beautiful, muscular body, and all the energy and money I need. In fact I’m a millionaire. Now buzz off, I have an appointment with my yacht broker to buy another luxury yacht this afternoon and after that we’re leaving to cruise the Greek islands.
- I’ve just been burned too many times! How dare you try and re-kindle my hopes of wealth! You know I don’t deserve it despite what my psychiatrist says!
- I was going to join today, but I have to spend the afternoon cleaning out my email box
- I’m a Libra and just can’t make up my mind.
- I’m ready to join but my spouse says: “one more MLM and I sleep on the porch!”
- I don’t want to join right now. Can you just send me the cheques?
- I want to join, I really do, but there are these aliens who keep visiting me and telling me that soon they will come and take me to their planet where I won’t need earth money.
- Every time I have a free moment to make the call to join, I have to re-install Windows.
- I just don’t have enough confidence in myself to start my own home based business. (I am just a plain and simple wimp).
- I was broke ten years ago, I was broke 5 years ago, and I am broke today and I refuse to do anything that might change my situation today or tomorrow.
- I will join today. If you will pay my fee and build the business for me. I am looking for a free ride. I am too lazy to create any kind of future for myself and my family.
- MLM is not for me. I would prefer to work my job for the next 20 or 30 years, just barely get by and retire with $600 in the bank .
- I just bought a lottery ticket, and I am sure I’ll win this week. So I don’t need start my own business.
- I belong to a religious order, and we know the end is nigh this week. So why bother.
- Like everything else I look at, I need to think about it, then I need to think about it, then I need to think about it, then I need to think about it. I must confess, all I ever do is think about doing rather than doing. Make a decision, are you kidding, I’ll stick with my dead end career or job on barely get by street.
- No Hablo Ingles.
- I was about to sign up then I came to my senses, when my dominant negative, broke mentality took back control of my mind and convinced me to pass up this opportunity.
Heard some great ones? – Please add them here
Everyone should have a home business to save on taxes
Starting your own home based business gives you the advantage of tax benefits not available to the general public. A portion of any money spent on your home becomes a tax break. Your vehicles may be tax deductible. Your meals and entertainment could become a tax writeoff. Your travel may be deductible. You can put more money in a retirement fund without taxes. You can often even pay your children as a tax deductible expense.
Everyone should have a home business to save on taxes
In Network Marketing it pays to COPY
Don’t start from scratch. That’s the hardest way to do anything. Inventors go through tons of frustration, failed tests, and often ridicule. I’d much rather be a copy-cat.
Find a system that’s already working. Then just jump in and follow it. This will save you thousands of dollars in wasted money and years of lost time. Just do what already works.
Find a personal coach who is already successful. Someone you respect and enjoy working with.
Every top athlete has a coach. In fact, many of the best have two or three coaches working on different areas of their development. They’re there for one reason…to help them be the best they can possibly be. In some situations, they instruct. Other times they encourage. All up, they hold your hand on the way to success. A coach will help you set your course. They’ll help keep you on track. They’ll take you from where you are today to where you want to be. The only problem is that most marketing coaches cost $400 or more per month!
One of the great things about the Network Marketing MLM business model is that good coaches can come free because it’s in their interest for you to succeed, In fact the ONLY way they succeed is to help others succeed, it’s a win win situation – I never charge to coach members of my team BUT I am very fussy who I work with. I learnt that the hard way and have to admit that I wasted a lot of time working with the wrong people.
Take this to the bank – always remember:
- The squeaky wheels get the oil - what that means is, only work with people who chase you – become the hunted not the hunter.
- Actions speak louder than words – don’t take a lot of notice of what people say – only what they DO.
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The Mind is like a Parachute - It works best when it's open!
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