Over the last 3-5 years, there are upwards of 10s of thousands even millions worldwide, who became victims of their failed MLM business and just as many who switched programs (business). Another things about MLM, is people don't (fail) quit, they just stop recuiting others into their business.
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So, combine this with the lack of business experience, no true understanding of their compensation plans and the perception of "little work builds hugh profit." It is no wonder we don't hear about these short comings. Would you go online an explained that the true reason you failed was because it was your own fault? Of course not. Hence, the only complains one finds, are how the company misled them. Or simply how all MLM/Network marketing are just ponzi or pyramid scheme.
Now, I have talked a bit about the lack of effort as a contributing factor to why people give up in my last entry. When looking at your business as a business, did you figure out exactly how many people you will needed to create financial security within that companies. Every MLM distributor will in some form go through a rough time obtaining a profit from these MLM. I bet most, didn't get pass the basic look of their compensation plan let alone understand it.
(In some cases, they are presented/designed in just that manner)
..............to be a bit confusing.
..............to be a bit confusing.
- Bonuses
- Overrides,
- Left & right leg,
- Spillovers,
- Unilevels,
- Stairsteps/breakaways
DO you REALLY understand these plans? HOW YOU MAKE YOUR MONEY!
"This is where YOU get paid for YOUR effort in YOUR business"
Can you explain them to others so they know exactly what it will take to profit. These company pays you a commission on your sales but also on the sales of all the people you've brought into the network, either directly or indirectly. This is the bread & butter of your business, When this is not understood completely, Your income is not undersood.
Now, I found a very interesting video clip that I believe will help get your mind focus on an alternative view. In terms of this word "Failure" as it pertains to this industy.
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Really think about whats being said in the video clip!
REAL TALK
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