Sunday, April 24, 2011

What do you need to do to be successful in an MLM?

Hundreds of people try to build a successful network marketing business, and fail.  Why do some make it and some not? Maybe we need to understand what the MLM business is BEFORE we go and sign up with some network marketing company.  You need to have a clear understanding of what you need to build a successful MLM from the beginning.

MLM, Multilevel marketing started with Mytinger’s and Casselberry’s new marketing plan for the Nutrilite company circa 1945. These guys developed a three-pronged approach... Use the products, share the products, and sponsor the folks who like the products.
A professional network marketer working an network marketing business understands that the components of a successful mlm business are:
 1.  A self-development program (with a pay plan attached)
 2.  It is a relationship not a selling business.
 3  There is a product referral program, a sponsoring program.
 4. You must participate in an auto ship program.
 5.  You use the products yourself.               
You need to be active in all five of these areas to be successful.  If you are struggling, find a mentor and be accountable for doing what is needed to get what you want from your mlm. If that isn't your sponsor then find someone else that will be.   A mentor can be your lifeline to being accountable and to making sure you stay on track.  They should not be charging, there are too many out there that will help you for free.  Mentors can be the one thing that makes the difference.

1 comment:

  1. It is amazing that after so many years there are still so man ywho believe they can do it anyways - success needs the right education for this indu stry :)

    Frieke Karlovits