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BHP
Member
Joined: 10 Oct 2008
Posts: 43
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# Posted: 21 Sep 2009 12:04
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Is anyone still trying mlm with this economy? Are people lining up to join? Can you somehow get people to join (without telling them they will be instantly wealthy?)
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getagrip
Joined: 20 Feb 2006
Posts: 1936
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# Posted: 21 Sep 2009 12:34
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I think the only way to earn good money from a MLM program is to find one with a quality product with name brand recognition - not some obscure product no one has heard about...
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BobFirestone
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Joined: 1 Jul 2009
Posts: 133
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# Posted: 21 Sep 2009 14:34
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BHP: Can you somehow get people to join (without telling them they will be instantly wealthy?)
The only way to get people to join is to be honest that they won't become instantly wealthy. When your prospect understands that they are going to have to do some work they are more likely to actually do some work. It is amazing what happens when people understand what is expected of them to get results.
I agree with getagrip that the company has to have a good product. What is a good product is the million dollar question. Here is how I evaluate a product.
1. Is the problem it solves real? There are lots of companies trying to solve insignificant problems.
2. Does the product actually solve the problem? If it doesn't do the job that is a immediate deal breaker.
3. Is it priced competitively to other solutions? The big problem I have with most MLM's is the product is priced too high making retail sales impossible.
4. Do people really want it? There are companies that do 1, 2 & 3 but people just don't get excited about what the company offers. Does it emotionally excite or is is intellectual?
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mountainmom5
Joined: 30 Aug 2007
Posts: 2058
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# Posted: 21 Sep 2009 14:52
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BobFirestone: The only way to get people to join is to be honest that they won't become instantly wealthy. When your prospect understands that they are going to have to do some work they are more likely to actually do some work. It is amazing what happens when people understand what is expected of them to get results.
amen - that is great advice.
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247MoneyMentor
Member
Joined: 29 Sep 2009
Posts: 4
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# Posted: 29 Sep 2009 06:20
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This is the reason why people are so skeptical about this industry in the first place. Because some marketers are not truthful at signup and sign up many who are heading to fail because they had no idea they needed to do some work.
The recession has not affected people joining opportunities. In fact it's been the opposite. As many have found themselves with their back against the walls and forced to look where they have never looked before. Which in turn has made these individuals determined to succeed and therefore not afraid of a little work which can bring fantastic rewards.
Tips - finding the right mentor with the right business with a business that has live and recording training programmes can increase your chances of success!
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Cnune123
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Joined: 29 Sep 2009
Posts: 2
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# Posted: 30 Sep 2009 07:53
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network/direct marketing is growing right now becuase of the economy. It is still a great business model you find the right company, products and comp plan.
*binary only - no levels (payout should be fair to all regardless of levels
*should be able to see all the details of any comp plan on their website otherwise they are hiding something
*patented products make them unique and know one else has them
*wellness is still fastest growing and has the power of the aging boomers and the strength of the Gen x & Gen Y.
*stay away from shopping portals becuase thew are not able to be sustained long term and require too much recruiting of new people all the time.
I have been working a business for over 6 years and have enjoyed every minute.
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FreeCashMan
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Joined: 31 Dec 2007
Posts: 266
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# Posted: 1 Oct 2009 19:40
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Network marketing is thriving, that's not the problem people have with growing their part of their respective mlm.
Most people, I don't think, buy the get rich instantly thing anyhow. But they do look to confirm that the opportunity is viable and a potential money maker.
If you are having challenges in growing your mlm, I think you will find that one of the things hindering this, is the marketing strategy and game plan being used to build the business, along with the patience to see it through.
Too many people joining the premier home business success mechanism - network marketing, get so caught up in the product, and then the compensation plan that they fail because they didn't inquire about the marketing plan and its viability for them and others to be successful in the business.
A lot of people will come here talking stuff about how you must have a great product, and you must have a phenomenal compensation plan. But it's all inaccurate.
You only need a decent respectable product and compensation plan. But you MUST have an effective marketing plan or strategy for being successful in the business. The closer the marketing plan is to an "anyone can do this" the greater the chance of more being successful, than failing in the business, if the person sticks to the marketing plan.
For those that would attempt to argue this. I simple point to the fact that McDonalds doesn't have the best food in the fast food business, but they top the chart in terms of the number of outlets compared to others, thus their marketing plan allowed them to be a mammoth success, while others with better food struggle to become known in every town, city, state in the land.
Lastly stop looking for online marketing to be your bread and butter to building your business. Get into some offline marketing to bring people online.
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BobFirestone
Member
Joined: 1 Jul 2009
Posts: 133
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# Posted: 1 Oct 2009 20:31
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FreeCashMan: You only need a decent respectable product and compensation plan. But you MUST have an effective marketing plan or strategy for being successful in the business.
So true. You can have the best product in the world, the best comp plan and none of it matters until you sell product or recruit.
Secret agents don't make any money in MLM.
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