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7 Poor reasons to get involved in MLM

Network marketing, or “MLM” can be a great way to earn everything from a small additional income to a generous full time living.

However, many people join mlm type opportunities without really knowing what they are getting themselves in to. This is probably one of the biggest reasons for the fact that some people have very low thoughts about this type of business.

Mlm works if you do it right. Period. That said, here are seven really poor reasons for enrolling in a network marketing opportunity:

1) Earning “easy money”

I know – the mlm-companies are very good a promoting their business as a simple 1-2-3 process that anyone can do and become an instant millionaire. Especially online it has almost become a standard to use super long and totally over hyped sales letters.

This is the equivalent of claiming that anyone who can open a can of beans can be a master chef.

Don’t get me wrong, I do think most people CAN make it in mlm if they put their minds to it. But you must be prepared to learn many new things and you WILL have to work for it. Make no mistake about that!

2) Expecting that “spill over” will do all the work

Many mlm opportunities are built on what’s called a “forced matrix”. For example, in a 3×9 matrix, when you have sponsored your three first new members, the fourth will be placed under the first person you sponsored. This person has thus gained one person in HIS downline, without any effort on his part.

Now, some companies would have you believe that their top recruiters are so effective that the spill over from their marketing will automatically make you, who are joining at the very bottom right now, an instant success.

This is simply a pipe dream – it will never happen. Yes, you probably will get a few people spilled over into your downline, but nowhere near enough to guarantee your success. The sheer width of the matrix on your level, means that there is an enormous amount of representatives that will have to shear any amount of spill over.

And who says the top recruiters are as active as they once where anyway? Worst case scenario, they are now working on something else entirely, because their income in this particular opportunity is already secured.
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7 Points In Finding A Home Business

There is so much information online it’s amazing. You find something that interests you and you request information and then……you are never there.

• Is it that you are bombarded with calls and emails?
• Is it that you clicked on something but don’t remember?
• Is it that you were in a different state of mind at the time and it’s changed since?
• Is it that there is too much to choose from?

Are you looking to make money but you think everything is a scam or it’s too good to be true? You have been burned before and it’s a very hard thing to get over. I know. I’ve
been there.

Or maybe you want to stuff envelopes or make crafts……

I’ve learned the hard and expensive way. I have yet to find a legitimate envelope stuffing company. If you find a craft to do they are very particular on what they receive. They are so picky that you never get paid and you are stuck with all these crafts. Data entry is another opportunity I have yet to find a real company. The only paying company was through a company my Aunt worked for that I actually got paid for data entry. Otherwise, I never got paid but lost money. You feel violated when you are scammed.
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7 Lessons I Learned From an Accidental Millionaire

When I first met Stephanie Frank author of The Accidental Millionaire I had no idea how much my life would be affected by our budding friendship. It wasn’t because she was a best selling author, internationally known speaker and coach. Actually it was much more profoundly simpler than that.

Stephanie has the unique gift to be able to concepts that most people never understand the actions to take and create a process or blue print that makes business almost like the paint by numbers game. After a delightful interview with her I was left some pearls that will surely help you in business and life.

Here are 7 lessons I have learned from her:

1. Be a million dollar thinker. Most people get caught up in the “how” to do something. When they don’t have the answers they start second guessing and sabotaging themselves from the start. Million dollars thinkers do not operate that way. Once they make a decision they look for the solutions. They create a vision and a plan.

2. Make sure your goals are congruent with your top 3 values in life. I love this one. How many times have you been presented an opportunity and the only thing the person could tell you is how much money you’re going to make? Don’t me wrong, I am an ethical capitalist however all money is not good money.

For example, some people might not be successful in the real estate foreclosure market because they would feel like they were taking advantage of people during hard times. However, another person in that exact situation might view themselves as being an advisor to someone who would otherwise lose their home and get nothing from it. As you can see it’s the same situation but each person has a different value system.
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7 Habits of Outrageously Successful Work At Home Businesses

You’ve read the ads or seen the infomercials. “Build a six or seven figure income while lounging in your pajamas in your work at home business.” For many people who hear this, their scam detector goes up and they become defensive. Why? Because they have heard countless horror stories of people who have lost their shirt trying to create a business from home.

However, the truth is there are thousands of home based entrepreneurs around the country who have cracked the code, created their place in the world and taking it to the bank. So how did they do it? Why do some people struggle and never ever break even while others create outrageously successful homebased careers?

There are certain habits which I believe are consistent with all of these enterprises. Here are seven habits or traits when implemented work to insure an outrageously profitable venture.

1. Find a hungry target market and look for a product or service to meet their needs. I am surprised how many frustrated entrepreneurs miss this. What often happens is someone gets excited, hit by an entrepreneurial seizure and tries to start a business with a product or service and feels it will sell simply because of their emotional attachment. Keep your mind open when looking at home based business income opportunities. However, make sure someone wants to buy whatever you have to sell before you jump in.

Don’t get me wrong you want to have a passion for what you do. However, if you love 8 track tapes it might be a problem. And depending on your age you might be thinking, “What’s an 8 track tape?” Get my point? However, if you find a group of people who are hungry for what you have is like shooting fish in a bucket. When you find a group that has a problem they want solved they will pay you to do it.

2. Understand nothing happens until a sale is made. I am amazed at how many budding entrepreneurs say they hate sales. This is unfortunate because everything else in a business is an expense. If you don’t have sales coming in the door eventually the doors will close.

Sales and marketing if done correctly is the engine to a company’s success. The key is to add value to the customer at every opportunity. One of the vital things to remember is the first time you obtain a client is the most expensive. But the real wealth is built when you have the opportunity to sell to a customer over and over again. Some companies even take a loss to get the customer in the pipeline because they realize the real money is on the back end and the true profit is in the lifetime value of the customer.

3. Develop a strong team. One of the traits that will accelerate the success of any business is the leverage generated by the help of others.

Robert Kiyosaki Author of Rich Dad Poor Dad says, “Business and investing are team sports.” The average investor or small-business person loses financially because they do not have a team. Instead of a team they act as individuals who are trampled by very smart teams.”
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