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ChocolateBiz
Member
Joined: 21 Apr 2008
Posts: 17
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# Posted: 21 Apr 2008 16:54
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There are in fact some challanges in the MLM industry. The fact that they pop up every day like the pesky Wack A Mole game damages the industry.
There is a risk and reward for getting in early to take advantage of the first wave of momentum or being the pioneer (you know, the ones dead on the side of the road with arrows in their backs)
But seriously, we belong to a truly great industry.
Warmly,
Jeff and Sandi
#1 Sales Team on Leader Boards
[Link removed - Admin]
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mreyn
Member
Joined: 20 Apr 2008
Posts: 37
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# Posted: 21 Apr 2008 19:29
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there are people who make a DREAM living from multi level and/or direct marketing and have been for many years. Now, since it's gone to the internet , complete with automatic sites, etc. It's very easy to run , even for internet newbies. If you can get online, you can have your company sites work for you. I love the company I'm with and even though it's stable and solid with more than 50 years, they have new programs that are unbelievable!! We are experiencing global expansion and then when combined with the streamlines, car program etc., it's getting a lot of interest. Plus the products are still amazing with new added. And they're safe!! I think with these kinds of companies, some people think they just sit back and wait, and therein lies the problem with why they don't make money and become disillusioned. this is a business, and does need to be treated as such.
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mdotwhite
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# Posted: 22 Apr 2008 00:23
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Yeah, I agree. MLM's are great way to earn income. Successful MLMer's have to work hard and stay focused on the long term outcome rather than the short term. I couldn't do it, so I got involved with direct sales.
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WARRANTIES4LESS
Member
Joined: 20 Feb 2008
Posts: 100
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# Posted: 28 Apr 2008 10:39
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Interesting,
I have already benefited from the recession as more and more real estate and mortgage brokers are signing on every day, so this is going to be a great year.
Good luck to all, Mike
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PMHayes
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Joined: 23 Apr 2008
Posts: 112
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# Posted: 30 May 2008 02:46 · Edited by: PMHayes
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WARRANTIES4LESS: I have already benefited from the recession as more and more real estate and mortgage brokers are signing on every day, so this is going to be a great year.
Mike, would you care to share with me how you approach those professionals? How do you know if one is ready to make a change? I have been thinking about that group for some time now, they are taking a beating, for sure. I don't speak or understand their lingo, I'm in the medical field, a Respiratory Therapist. I don't personally know anyone in mortgage lending or real estate, but i am willing to learn how to approach them
This brings up a whole nother (can u tell i am a southerner) group of people to talk to, professionals in banking, real estate, sales and marketing. I'm not one of them, but I ought to be able to market to them. Any suggestions how to cross that bridge?
Mitch
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tbadly
Member
Joined: 4 Jun 2008
Posts: 23
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# Posted: 10 Jun 2008 11:06
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MLMs exist as an alternative distribution method for products. Traditional distribution requires a lot of money be spent securing placement in retail outlets and/or a lot of advertising dollars be spent building demand for the product.
MLMs simply use a network of distributors to replace retail distributors and large advertising budgets. That is where the commissions come from. Therefore, MLMs provide a valid distribution channel and will always be around.
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WARRANTIES4LESS
Member
Joined: 20 Feb 2008
Posts: 100
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# Posted: 10 Jun 2008 14:17
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Good question,
Any segment of the market that is being hit by recession is what you want to target. Real estate is obvious, as are mortgage brokers which are all hurting. I was in both industries, so yes, I do know the lingo, but I don't need to use it since this is all about economics of recession.
I approach them from an understanding they are both on commissions only, and with many mortgage brokers out of business, or losing their jobs, this is all you need to know. Most are listed on the internet or locally in phone books, so I simply contact them and explain my business, pretty straight forward.
Good luck to all, Mike
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Couchie
Member
Joined: 8 Oct 2007
Posts: 18
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# Posted: 20 Jul 2008 03:47
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I believe that mlm will be around for a long tome yet.
Yes it does help if you believe in your company and product.
I also believe you have to have a good upline with plenty
of support and training.
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