Top 10 Myths About Network Marketing (MLM)
If you’re at joining a network marketing company but are afraid to because of all the negative things you’ve heard, then this is something you ought to read before you take your next step…
I can’t believe it. I’ve talked to many, many people who are afraid to make a decision to go into network marketing. They’ve heard “stories” and rumors. Instead of investigating and coming to their own conclusions, they believe all of what they hear.
They rather work two or three jobs and never see their kids or their spouse than to do a little digging, a little research and find out the truth about network marketing-the thing that could change their financial destiny and allow them to live their dreams.
Without further ado, here are the top myths that stifle people’s dreams…
1. They’re All Pyramid Schemes
A pyramid scheme is just a money game. There’s no real product or service. You make money basically by signing up people-which is illegal. A legitimate company supplies a real viable product or service to the marketplace. There are network marketing companies that have been around over fifty years selling products real people buy.
I’m not gonna sit here and pretend that there aren’t bad people and companies out there, because there are. There’s no lack of less than honest companies that try to get by on people by using the mlm compensation plan in their business model…even though they aren’t a mlm in the traditional sense of the word.
Do yourself a favor before you join a company – take the time to make sure the network marketing company is selling products/services real people (not just its distributors) want to buy.
2. Only Those That Get in Early Make Money
I don’t see how this makes any logical sense. If a company is legitimate, then it shouldn’t matter when you get in, because you can still make money. However, if a company only exists to scam as many people as possible before going out of business, then I could see this myth making sense in that regard.
3. You Must Go Door to Door Peddling Products
Back in the early Amway days, before computers and the technology we have today, the only way to sell products was door to door. Remember Avon, Kirby vacuum cleaners, and the Fuller Brush man?
In the technology age, door to door selling has become a thing of the past, unless you want to bring back the olden days and work a lot harder and not smarter as you build your network marketing business.
4. You Have to Recruit Your Friends
When network marketing (mlm) first started, recruiting friends into your opportunity was the norm due to convenience. It didn’t take much effort or any marketing skill to do so. The result sometimes ended in massive failures and estranged friendships.
There are people who still solely teach this marketing method. In this day and age, it’s not a necessity to resort to this technique, because many people all over the world want to work from home and actively seek opportunities to do so. Those are the ones you want to seek out for your business.
You can still recruit friends if you think they’re a good fit for your product or opportunity; however, you want to set your sight on the people who are motivated for change in their lives.
5. You Have to Buy a Lot of Products
Some companies’ compensation plans do require a lot of stocking or front loading of products in order to earn your full commissions. Keep in mind that this type of compensation plan is designed for people who are good at retailing a lot of products. You usually make higher commissions in this type of plan.
There are many companies out there that do not have such heavy requirements. Read the policies and procedures and the compensation plan before you join a company.
6. There Are a Lot of Fly-by-Night Companies
Companies in and outside of network marketing go out of business for various reasons. That’s why it’s important to choose a company that is at least two years old. It reduces your risk of it going under with your time, effort and money invested in it.
7. You Have to be Outgoing or the Salesman Type to Make Money
So many people nowadays are turned of by the “salesman” type of approach. People respond better to people who are sincere, real, and friendly.
8. You Have to Invest a Lots and Lots of Money to Get Started
There are many companies out there where you can get started on a shoestring budget. Network Marketing has all the benefits of having a franchise, but without all the hassles of having employees and high overhead costs. Network marketing is a cost effective way to start a business.
9. You Have to Recruit Your Family
In the early days of network marketing and even now, some people think that they’ve got to get their family into their business and on their products and services.
They feel their family has an obligation to be involved in some aspect of their business. That’s how they show support-right? Wrong.
This type of thinking and marketing “technique” can be counterproductive. A lot of times when people approach their family about their opportunity or product they get “shot” down by them. I can’t believe you’re selling that! Or I can’t believe you fell for that!
After hearing the negative comments over and over again, you begin to think that there’s something wrong with you. Recruiting your family can be the worse thing to do, especially when there are more qualified people looking for an opportunity or your product.
10. They’re All Get Rich Quick Schemes
Network marketing can make you wealthy in a shorter amount of time, than working a job. That is for sure. So, yes, you can acquire wealth in a short amount of time with a legitimate company, however it is not overnight and can take a few years depending on your desire, learning curve and marketing budget.
Do your research until you’re satisfied with the results. Knowledge is potential power, but taking action will get you the results that you want.
Keep in mind that network marketing is like any other kind of business – you need to learn how to get eyeballs on the products/services/opportunity you’re selling. You’ve also got to have the right home business mindset.
Either learn these skills as you go along or take the faster route and get some website traffic training so you can get better and faster results.
=> For better results in your business this is what I recommend.