3 things you should know before joining a MLM.
Why the Multi-Level (a.k.a Network) Marketing industry is becoming so popular.
Multi-level marketing (MLM) or word of mouth marketing has been around since the early 60’s where someone would come to your home to sell you soaps, perfumes or health care products. These early companies were pioneers of this bold new industry, but like all good concepts, some people would use this model to scam and scheme people out of their hard earned money. Most noted the pyramid scheme.
What is a pyramid scheme? It’s where you would pay into a group or concept without getting any products or services in return, just the promises that by making this investment you would grow your investment and become rich. The Federal Trade Commission is the governing institution to protect the public from these practices. One way to protect yourself for this practice is ask 3 questions.
- What is the product or service offered?
- Can a person joining this program exceed the sponsor in position and/or income with ample effort?
- Where is most of the money made coming from membership or product?
Having a poor understanding of how the industry truly works is one of the biggest issues. Many people come into a MLM organization with a lottery or sales mentality and they attempt to sell their great products and/or services to all of their friends and family. The problem with this approach is that your friends and family may not want what you have to show them. They may even run away or distance themselves from you for a period. They don’t understand the benefits of what you are offering or just don’t have a need for the product or service. The rejection that comes from this way of doing the business causes a person to throw in the towel prematurely and not get what they were expecting from the venture.
Why The MLM (a.k.a Network) Industry Is Becoming So Popular?
1) Best Kept Secret Savings Club
2) Big Business (corporations)
3) Freedom and tax benefits
Best Kept Secret Savings Club
Everyone loves to get a bargain from the local stores that are close to where we live. We will clip coupons in the newspaper or shop for deals online. Yet people will pass up group discounts that MLM has to offer and in most cases superior quality. Most MLM Companies offer the deepest discounts due to greater buying power.
Major corporations are changing the process of introducing their products and services to the public. Companies realize that word of mouth is still the least expensive and fastest method of advertising their products and services. They have also have discovered that customers acquired in this method are more loyal to the brand.
Freedom And Tax Benefits
Most people are programmed to believe in the 40/40/40 plan. You work for 40 hours a week, hopefully for 40 years to receive 40% of your base pay when it’s time to retire. Which is about what you made in your 20’s. While you are working each and everyday building someone else’s dream, who is building your dreams? You have see evidence of this growing problem when you are greeted by an elderly person when a teenager should be conduct that job.
Discover the secrets that you may not know about the tax benefits you desire. Learn why the rich stay rich and the poor stay poor. Click Here to view a video with more life tips! In closing I invite you to share your commits on this and all the posts. Like us on Facebook and Google Plus. Remember to open your mind and Shift 4 Freedom.
One thought on “3 things you should know before joining a MLM”