Weird that I’m posting this here. Shouldn’t I be advocating MLM and that it works for anyone?
Nope it doesn’t work that way. In fact many will fail in network marketing. Let’s do a short case study.
Now let’s get to the first statement made by the two hosts.
“MLM seems to be an easy way for college students to make lots of extra money just by networking with friends and family.”
Wrong. Dead wrong.
Multi level marketing is not easy if you are just starting out. Doing MLM is just like building a business, which is FAR more difficult way to earn money than taking up a job.
The difference is…you slogged hard to build your business in the beginning and if you are successful, you’ll have a much wider option in your life than if you slog hard in a mediocere job for the rest of your life.
Now onto the guy who failed in MLM. He said his upline told him the following…
“You have to try to recruit other people…”
Yep, that’s how it works. You have to recruit other people under you to make money in MLM. The critical difference is you have to be aware of the type of people you are recruiting in your business. If you recruit guys like the poor fellow in the video, you wouldn’t get anywhere.
When starting any business, you want the best talent you can find because the initial stage is always the most difficult. If you find guys like the chap in the video into your organization, you are going to suffer. You have enough on hand to launch your business, and now you have to handle another troublesome employee.
Whether she is an upline you are going to learn from or a downline who you are going to teach marketing and business prinicples to for at least half a year, You have to be careful choosing the type of person you are going to work with.
“You have to try buying the business support material…” Do I agree? Yes and no.
When he said business support material, I’m guessing that he is referring to the marketing materials the company has prepared for them…CDs…magazines…brochures…and other stuff.
Yes it’s essential to have some company materials on hand to help you with some specific details of the company such as the payment plan or the product details. It will be a bonus if those marketing materials are rock solid. Which unfortunately is often not the case.
But it will be a BIG NO if you depend on your company’s marketing materials to build your business. You are building your OWN business…should you put your face or the faceless company entity in front of your business?
Let me put it this way…should you be promoting yourself or your company?
If you say you should promote your company, you might as well get a job as a salesperson.
The fact is he brought whatever his upline told him to…shouldn’t he know what skills he lack and decide on his own? Shouldn’t he figure out that he need to develop his salesmanship skills or marketing skills and invest in books and courses?
He did not know what skills he is lacking…and that will probably mean he does not know what he really want out of the business too.
You don’t know what you want, you won’t get what you want.
Simple.
Next…
“Losing a thousand dollars a month in order to support his new business venture…”
Losing? Shouldn’t that be investing? I have read countless successful entrepreneurs investing tens of thousands, slogging away for years before they even broke even.
I invested $5,000 in my first venture and did not make a single cent out of it, though I have to thank myself for making that $5,000 entry for that investment has brought me to where I am today.
There is one point the video made sense…is to check out both the company and the team he or she is going to join. Has the company been around? What kind of guy is the leader of the team like? He joined the team blindly…it is a fault of his own and no one elses. I too made a mistake when I got sucked into the first seminar sales pitch in my life, never did any research and just plunged $5000 into it.
Mistakes which all newbies make one way or another. I made those kind of mistakes when I first started out.
It’s taking risk (not a gamble)…part of life of a business builder.
My message to that guy in the video?
“It’s unfortunate that you got into that “rabbit hole”, but you should have check out the type of guys you know you are going to work with instead of just joining them on the spot.
And read some self-help books…it may help you realize what you really want. I recommend The 4-Hour WorkWeek by Timothy Ferriss. Best Wishes!”
Kai Wei
OnlineMLMSystem.com
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