If you live in America chances are you have been pitched with an MLM type business opportunity in the past. This is inevitable. 10% of all Americans have involved in an MLM sometime in their lives, which is a huge number when you really think about it.
Can anyone truly succeed in an MLM type business? Isn’t it one of the most competitive industries to get into? Today we will analyse the phenomenon of MLM and we’ll see if the income claims and luxurious lifestyles are justified.
Let’s first discuss market saturation. For the uninformed, this happens when there are too many people online trying to promote the exact same thing and the market becomes full and super competitive. When this happens, there are a couple of key considerations that need to be taken into account when you are promoting your business.
Differentiation will be extremely crucial to the success of an MLM marketer. If you cannot distinctly head away from other people are doing, you will be doomed to fail. You will eventually blend into the market place and become a ‘cheerleader’. This is a terrible thing to do, because there will be absolutely no reason for other people to join your team. Why would anybody join your MLM when they can just as easily join under the top leaders who are making big checks.
Let’s also quickly analyse the mechanics behind MLMs. We strongly believe that most MLMs have a hard time breaking their ways into profitability – simply because the top brass thrives on the bottom to pay themselves. If you’d want to go out there and pick an MLM, you need to actually pick an MLM that does not require you to depend on your sponsor.
Find a company that is transparent and requires you to put in a decent amount of hard work to succeed. Otherwise you are really just wasting your time – find an opportunity that is completely dependent on what you do and nothing else. This way you can fully justify what you are doing within the industry, and only have yourself to blame and congratulate for successes and failures. Any opportunity that is dependent on the sponsor helping you out is extremely likely to fail. Don’t make the same mistake of ‘picking the sponsor that will help you out the most’, instead focus on joining teams that are focused on giving you the knowledge you need to succeed. You can quickly check out the website www.mlmfastlane.com for a better understanding of a good team.
The real world of business is extremely complex, and despite the major downsides, MLM remains a legitimate business opportunity for many individuals who are looking to become successful. As long as you maintain the hustle and determination to work hard and go far in the industry, you will eventually succeed. The key is to not give up and keep hustling.