With so many business opportunities out there today, you would think you would not want anything to do with ones that have unfortunately often been associated with the word “scam”! Another word that often might come up is a “scheme” (as in Ponzi scheme).
If you are involved in any aspect of marketing or business, you most likely have either belonged to an MLM, or were at least prospected into one, where you might have gone to a hotel meeting or someone’s house to hear all about the great benefits of their matrix/compensation plan and maybe you even learned a little about products now and again.
The MLM industry is the perfect grounds for those who want to teach and those who want to be taught.
If you think about starting a business, you might have had the idea to start a store, or a franchise. This can financially destroy an entrepreneur as there are large start up costs, up to a million dollars and more sometimes, as well as franchise fees that may be due yearly. Compare this to the start up costs associated with MLM which might only run a few hundred or thousand dollars a year.
If someone fails in the franchise, they are deep into debt, while in MLM, it is feasible that they will be able to restore any small debt they incurred rather quickly. This assumes that they do possess another job while they are attempting to start up their MLM.
In regards to education and teachability, with the big companies and regular jobs, if you fail, you get fired, plain and simple. In the MLM world another reason why business men agree you should try this system is because it is the exact opposite where you can continually fail month after month and instead those members in your upline will continually work with you to help you out so that you start having successes. The upline has invested time, energy and possibly even their own money into them and therefore they want them to become successful as well.
The products involved in an MLM are not necessarily the important thing to consider when joining one, though you might want to find one that does hold some interest it you. You want to enjoy the products and have pride in talking to people about them. The community however, is really what entrepreneurs can benefit from when joining an MLM as everyone has the main goal to see all others succeed. Sharing ideas either online, over the phone and especially in person over coffee or at a major conference are all ways to improve yourself and learn how the top people have become successful.
As the saying goes, “You get out of it what you put into it” and when you put the right effort in and listen to those who have been successful, there is a high likelihood that you will become successful as well. Taking action on what they believe to be a good way to becoming financially independent could be one of the smartest choices you ever make today.