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What You Need To Know About MLM and its 3 Lies
Written by: Justin YongArticle Overview: Multi-Level Marketing, or also known as MLM, although some people are not successful with it, is a business that is very popular and can give out great success to those who worked hard on it. Here are 3 lies that most people would believe about MLM.
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What You Need To Know About MLM and its 3 Lies
Here's what you need to know about MLM or Multi Level Marketing. One, it is one good way to earn money while you stay and work at home. Some people would really prefer this kind of arrangement. But even though MLM is a great choice, it is not always a guarantee that you will have success with this business.
And there are some lies, popular ones, that goes around the industry that you need to know if you are opting to become one in this kind of business. With this article, I am going to enumerate top three lies about MLM that you need to have an idea of if you are planning to have an MLM business at home.
MLM Lie 1. MLM is not legal - Therefore MLM is a scam. I have talked to several people who are in this business and I have to admit, this is the most popular one. So let me get this straight to you. MLM is a hundred and one percent legal! And though many always associate MLM with pyramid scam, these two are entirely different from each other. MLM is a very legitimate business, in fact it does not guarantee instant income and success, like most of the pyramid scams do. And how would this industry stay in business for decades if they are not legal? So there, MLM is very much as legal as your recent job. So you do not really have to worry with its legitimacy. (Most of the time of course - due dillgence is still required)
MLM Lie 2. MLM can make you millionaire in just one night - Here is what you need to know about MLM: it's not a miracle
tool nor a magic wand. Yes, some companies will give you some incentives once you join them but that does not mean that by the end of the week there's a fat paycheck waiting to be cleared. Most people will have to wait at least two years - and some even more - just to have a taste of MLM success. Though there are some lucky people who will achieve great results shorter than what is expected, but it all just depends on how focused and dedicated you are in working it out.
MLM Lie 3. With MLM, money comes as easy as smiling - MLM is one of those business that wont work if you don't. Any "business" will require effort from you. You are going to need to manage financial matters, dedicate time and effort and only after will you have the chance of seeing great success. But what you need to know about MLM is that it could be a less stressful and easier to handle business than a traditional one. And more importantly there is an even better alternative then that - See it in my report at the end of the article.
And finally, what you need to know about mlm is, just like any other business, it's never a guarantee that you will have success. In fact most online marketers failed to scoop out success with this type of business, simply because they lack some factors on how to run it. Nevertheless, it is worth a try.
Now that you know more about MLM and its 3 lies, the next thing you need to know is why almost 97% of MLM marketers fail! Are you ready to seriously learn more? You can do that by simply checking my blog.
To learn more about this topic or get some great tips on areas like social media marketing (Web2.0), search engine optimization (SEO), payperclick (PPC), network marketing and internet marketing, check out my blog for more info!
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Article Tags: great success, handle business, legitimate business, mlm business
Referred by: http://jaykubassek.com
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About the Author: Justin Yong RSS for Justin's articles - Visit Justin's website  Justin yong is a a full-time online entrepreneur who is loving his life and enjoys connecting with like minded individuals. I really enjoy travelling, exercising - sports and feeling free of fnancial worries! I strive on assisting other entrepreneurs and would-be-entrepreneurs in areas like social media marketing, home based businesses, network marketing and internet marketing. Teaching others exactly how to employ powerful internet marketing strategies to succeed online. It's rewarding seeing others that i help succeed and there's else better!! Check out my blog or Link up with me from the links below! Cheers! Justin Yong MyBlog: http://www.justinyong.com Email: justin.ywf@gmail.com Click here to visit Justin's website   The Truth About MLM Success Is Never A Breeze How to Avoid MLM Failure Five MLM Myths You Must Dispel Before Your Prospects Will Join You Is making money online really possible Why Internet marketers succeed Staying Motivated In Your Home Business |
Related Forum Posts
9 Lies that are holding you back
- I've picked up this book to assist me with my conversations when coaching business clients and I've found it to be quite enlightening as distinctions are made.
The book is titled "9 Lies That are Holding Your Business Back..." by Steve Chandler and Sam Beckford (aka Small Business Millionaire).
I'll use this post in two ways:
1. To highlight A Lie
2. To help me internalize the concepts by writing about it in my own terms/understanding so that I can use it in future conversations (yes, I'm feeling a lil selfish and want to take you guys along with the journey)
first post to arrive shortly on the First chapter: Lie#1: I Just Need to Know [i:23sag391]How[/i:23sag391] to Do This"
Business plans are a waste of time
- I really like what Shri said in a previous post about how the usefulness of a business plan depends on the individual.
However, after reading some of Martin Lindstrom's "Buyology: Truth and Lies About Why We Buy"... I'm beginning to think that all business plans and traditional market research (i.e. using focus groups, surveys, etc.) are a total waste of time. No joke, I'm serious.
Lindstrom says "That's because, just like market research, economic modeling is based on the premise that people behave in a predictably rational way", but "Most of the brain is dominated by automatic processes, rather than deliberate thinking. A lot of what happens in the brain is emotional, not cognitive." ("Buyology" pg 28). Basically, consumers will tell you one thing, and do simply do another with their unconscious minds.
Re: Some attractive terms in advertisement
- [quote="lane_hug":sqdmyojl]Some terms can make the advertisement look more attractive,
like unlimited, free, life time guarantee, and more.
These should be definitely incorporated to ensure fast sales.[/quote:sqdmyojl]
You've got to be careful with such terms, though. Take as an example the poor Korean dry cleaners who had the words "Satisfaction guaranteed" on their storefront window. They lost (supposedly) a pair of slacks from some loony judge, who proceeded to sue them for MILLIONS of dollars (over a $100 pair of slacks) because they did not provide him with satisfaction. [If the sign had said "Satisfaction guaranteed or your money back" perhaps none of it would have happened...]
These days more and more people are apt to sue at the drop of a hat, and if you promise them something even though common sense says you wouldn't have meant what you said (for example Pepsi got in trouble because their commercial for Pepsi points, at the time the movie True Lies came out, featured a Harrier jet as in the movie. A few looney businessmen bought up all the points the could to get that jet, although they were told it had just been dramatic license, and ended up suing Pepsi for misleading advertising. The suit was dismissed, but the fact that the guy was able to find lawyers who'd even take the case on is scary.
To cut a long story short, be careful what terms you use, and think to yourself what you'd have to do if people took them literally.
Re: Is A Business Plan A Waste Of Time?
- [quote="Kevin":dzvusovb]... However, after reading some of Martin Lindstrom's "Buyology: Truth and Lies About Why We Buy"... I'm beginning to think that all business plans and traditional market research (i.e. using focus groups, surveys, etc.) are a total waste of time. No joke, I'm serious.
Lindstrom says "That's because, just like market research, economic modeling is based on the premise that people behave in a predictably rational way", but "Most of the brain is dominated by automatic processes, rather than deliberate thinking. A lot of what happens in the brain is emotional, not cognitive." ("Buyology" pg 28). Basically, consumers will tell you one thing, and do simply do another with their unconscious minds.[/quote:dzvusovb]
Please explain more.
I get your point, but STRONGLY disagree with your generalized statement that bplans and traditional market research are a total waste of time.
Statements such as this without sufficient evidence are dangerous to potential young entrepreneurs who might trust your opinion.
The business owner who does their own business plan will find that it is not a waste of time.
Think about the probable benefits from completing just one component of market research in a business plan: A comparative analysis of your competition.
A wealth of information critical to planning your survival will be gained from a well organized SWOT of your competitors and their products/services. (SWOT analysis is certainly not limited to plotting logical decisions. Emotion can be factored in the analysis.)
You know as well as I do that it has been understood for a while now that most buying decisions are emotional and nearly devoid of logical decision making.
Many sources say that focus groups are an inefficient use of resources. Your conclusion that [quote="Kevin":dzvusovb]I'm beginning to think that all business plans and traditional market research (i.e. using focus groups, surveys, etc.) are a total waste of time. No joke, I'm serious.[/quote:dzvusovb] because focus groups are found to be inefficient is wrong.
Your logic is faulty. You must qualify your statement more.
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