Oct 25 2008

How Not To Burn Your Fingers In A Network Or Multi Level Marketing Program

Category: Marketingadmin @ 6:01 am

Mlm-ers who are working impossible mlm programs are like smokers, though they know the inherent danger in smoking, quitting is difficult. Like pools baiters they keep looking forward to the big money, while investing time and money all the time.

Having said that, the success or otherwise of any MLM or Network Marketing program depends on those promoting it, and the amount of honest work and commitment put in by the multitude of down lines, honestly supported by their sponsors, to attain the promised success .

So take a good look at the man or woman pitching you with fabulous residual income and see how the program has robbed off on him or her. Ask them to tell you, better, show you the prove of how long they been in the program and how much they have made so far. Do not rely on what he hopes to make in six months - Forget the matrix story, it could just be a scam bait.

Since the 1930s when this overly misunderstood and misapplied system of business reared its head, millionaires have been made and countless persons have also had their fingers burnt beyond repair.

KNOWLEDGE IS POWER

The problem of mlm failure revolves around lack of knowledge of the business. Anyone going into any business, be it mlm/network marketing or whatever, should first evaluate and understand the risks and expected benefits, the proclivity of achieving success etc. before setting up shop or joining any program. There are genuine and counterfeit mlm companies known as pyramid schemes.

But what I find is that most people, hungry for money, go into any mlm just for the money without the knowledge and honest commitment necessary for success. The question is how does anyone who does not know how to drive intend to make a successful journey driving a vehicle to his destination safely?

That there are lots of misrepresentation of mlm on what level of success one can achieve in any circumstance is quite obvious when you listen to most mlm recruiters. Mlm scam, therefore, seems not to be basically carried out by the companies, but mostly by the recruiting down lines’ inordinate quest to make the promised exponential income.

The whole mlm saga is like religion and believers, who believe in obvious impossibilities just because they are told that it is true.

Without holding brief for mlm companies, let me state that most mlm programs are set up to do what the companies say they will do. The easiness or otherwise of attaining the promise could be misrepresented to mislead, which amounts to scamming of sorts.

The bane of mlm-ers is down line recruiting and the lies with which they try to make it easier to do. The result, however, is most recruits can’t recruit other recruits, not to talk of large numbers required to make exponential income possible. If you are able to honestly recruit down lines who recruit others, causing duplication and multiplication of your effort, then you are an mlm success. Because you will continuously reap residual income from the network you have thus created.

The general scenario however is that even though those who begin early in most mlm programs make the millions from down the lines before the bubble might burst and thousands of naive people carry the can, it is not that easy to readily absolve mlm from being a scam, nor can you categorically call mlm a scam.

What mlm is, therefore, depends on the knowledge and experience of he or she who is defining it.

For me, if you read enough about mlm, you will be able to stand your ground against fraudulent mlm recruiters. You will also be able to identify with genuine product and services backed mlm companies distributing consumables which prices are affordable for every day use.

Those mlm companies whose products are expensive and not of every day use can work for pioneers in the short term, and ruin the down liners in the long run. Beware. The worst scenario is to join a company promoting just down line matrix without useful affordable consumeable everyday proudcts.

Neshah writes for your success - read more mlm articles at tinyurl.com/y2stxk to prepare you for mlm success.

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Sep 01 2008

The Three Primary Powers Of Network Marketing

Category: Marketingadmin @ 5:19 am

Network Marketing, ‘MLM’, and Multi Level Marketing are all terms
that refer to the same type of business model. This industry has
had more than it’s share of scumbag crooks and con artists that
have used and abused the concept. However, if you do your
homework and get involved with a legitimate network marketing
organization, this business model has exceptional income
potential.

Network Marketing can produce outstanding results if you know a
few simple concepts, the understanding of which is critical to
your success.

Network Marketing, MLM, and Multilevel Marketing are unlike
franchises or conventional businesses in that they take advantage
of all three of the important, yet misunderstood principles of:

1) Leverage (of Time and Money)

2) Residual Income

3) Geometric Growth Through Duplication

Unfortunately these principles are not well understood by many of
the people that undertake network marketing. And that’s just one
of many reasons why so many fail at network marketing. There are
lots of other reasons, and it would take volumes to cover them
all. But this is one of the more common ones. Because if you
don’t comprehend and believe in these principles, it’s impossible
to help others fully understand and appreciate them.

First, lets look at LEVERAGE:

Every successful person or business takes advantage of leverage.
There are only 24 hours in a day and no matter how talented you
are or how much you get paid per hour, if you don’t take
advantage of leverage you’re limited by the number of hours in a
day. As a side note, I have heard of cases where an occasional
lawyer was billing more than 24 hours per day…but, I guess
that’s another story. By learning to leverage your time, you can
also benefit from a percentage of other people’s efforts, and
dramatically increase your income while creating more free time
for yourself.

The unique and wonderful thing about the Network Marketing
business model is that everyone has the same opportunity to
become the ‘owner’ of his or her own business - with a fraction
of the investment of time and money of a franchise or traditional
business.

In network marketing the people at the top definitely have a
vested interest in helping others on their team succeed.

Would you rather receive 100% of one person’s efforts, or 5% of
the efforts of 100 people?

Obviously 100% of one is always only ONE. But 5% of 100 is FIVE.

Not only will the total result with leverage almost always be
amplified, but your income is not dependent on only one person.
If your income is produced by the activities of many, it is much
more dependable. Even if something unexpected or negative happens
to one or more of those people, it only has a minor effect on the
TOTAL production.

It’s great to get paid while you’re sleeping or away on vacation.
That’s one of the many advantages of leveraging your time.

Now, lets consider RESIDUAL INCOME:

When someone mentions residual income many people automatically
think of actors or musicians.

Residual income is recurring income that you continue to receive
long after the work you’ve done to produce it has ended. There
are lots of ways to produce residual income. However, many
people don’t understand it, and still others have never thought
about or been exposed to it.

A very simple example of residual income is interest earned on
money in the bank or investments. You continue to receive this
income without having to invest any more time to produce it.

Suppose you had the choice of doing a job and earning $1,000
once, or getting paid $50/month for the rest of your life…which
would you choose? If you chose the $50/month you obviously “get”
the concept of residual income.

Clearly, $50/month will surpass a single payment of $1,000
relatively quickly. And if it lasts for a few years, or better
yet - the rest of your life - it will really be a blessing.

Residual income is certainly not about “getting rich quickly”,
even though with the right opportunity it’s possible to produce a
substantial residual income stream in a relatively short time.

Most people who fail at network marketing either choose the wrong
network organization or just give up too soon and quit because
they expect overnight results. It is important to recognize that
the real beauty of residual income is on the back end, not the
front, and that once you build it you have the financial security
and time flexibility to do just about anything you desire for the
rest of your life!

Last, but not least, lets address GEOMETRIC GROWTH (DUPLICATION):

The classic illustration of geometric growth is the frequently
used penny-a-day example.If you save one penny on the first day,
and double it every successive day, (day two you have 2 pennies
and day three you have 4 pennies, and so on) how much will you
have at the end of 30 days?

The answer, to the astonishment of many, is $5,368,708! Amazing,
but true.

That’s a simple and dramatic illustration of how networking can
work. If I can teach you, I’ve doubled myself. If we each teach
someone else, we’ve doubled again. As this duplication or
geometric growth process goes on and on, it can produce some
amazing results in a relatively short period of time, just like
the penny example above.

So there you have it, understand and apply these three principles

1) Leverage (of Time and Money)

2) Residual Income

3) Geometric Growth Through Duplication

and, given sufficient time and effort, you should enjoy a
successful and financially rewarding network marketing
experience.

—————————————————————-
This article is freely available for reprint provided that the
resource box at the end of the article is left intact and the
article is published complete and unaltered. If you are using
this article on a website or e-book, please make sure that the
link in the resource box is live or clickable.
—————————————————————-

Kirk Bannerman operates a successful home based business and
coaches others seeking to start their own home based business.

Visit his website at
Legitimate Home Based Business for more details.

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May 19 2008

Are You Network Marketing Exposed

Category: Marketingadmin @ 1:01 am

Network marketing, also known as referral marketing and multilevel marketing, has always been a great way to get the word out about any business. No matter if you are selling a product or a service, with network marketing you can increase your sales in no time at all. And in today’s day and age, network marketing is more effective than ever before.

In the past, network marketing was a great way to make contacts as well as sales, but this has grown much more than anybody, including well-known business economists such as Paul Zane Pilzer, could have ever expected. Dare I say, that if you do not take advantage of network marketing, you will never really reach your fullest potential, socially and business-wise.

If you do not know what network marketing is, there is no reason to give up. The fact of the matter is that network marketing is quite easy to understand; it is exactly what it sounds like. With network marketing you get your name out there by talking with other people, and making industry contacts. The more people that you know, the better chance you have of making sales. And remember, the contacts that you make have contacts of their own - their own spheres of influence. So in time, word begins to spread about your offerings.

Network marketing is all about getting in touch with the people that can help you out the most, and vice-versa. Of course your number one target should be people in your direct industry. In other words, people that would be interested in buying and benefitting from your product are the primary people that you should network with.

The best way to get started in network marketing is by making yourself accessible to a large amount of people. Believe it or not, social networking sites such as MySpace.com and Ryze.com have become quite popular for individuals and businesses alike. With these services you can introduce yourself to millions of people without ever having to do too much work. And of course with each person that you meet, you have added yet another person to your own network.

The good thing about network marketing is that you may not make a sale today from somebody that you meet. But down the line that same person may be looking for a product or service and remember the conversation that they had with you. But none of this is possible unless you get the word out, and are not afraid to network in a fairly aggressive manner.

If you want to make big profits, network marketing can help to put you on the right track. For many years businesses have been using network marketing as a way to reach the next level, and today this still holds true. Case in point, Top 100 firms like Amazon.com, Sprint, Dell, AT&T, etc. are now incorporating network marketing strategies aggressively in their promotional campaigns. And moreover, high-profile personalities such as The Donald (Trump), Robert Kiyosaki, Rick Thomas, Carl Lewis, Warren Buffet, etc., are directly involved in network marketing companies to boot!

Generally speaking, network marketing does not cost a thing. Basically, all you really have to do is find people to network with and get started. It does not get much easier, and cost efficient than that.

A great place to start, would be to peruse sites like myspace and ryze.com and blog directories and sites such as technorati.com and mlmunshredded.blogspot.com (sample blog site). Notice the various links and points of contact.

So go ahead and take your social and business game to the next level, with effective network marketing. Your leveraged results will be measurably exponential!

Ex-Enron survivor, turned MLM Leader/Educator, Alain Diza, mentors fellow network marketers in finally ending their sponsoring & recruiting frustrations. Visit his blog to see how: www.mlmunshredded.blogspot.com

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