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They said they were one of the best MLM companies? A True Story From an Insider

Guest post by: Midge Hand

Article Overview: You hear it all the time - 97% of all home based businesses will fail within three months. Why is this? Can you really succeed in a home based business and make money from online business? Here is my story about my ten month journey with supposedly one of the best mlm companies in the industry and why I failed.

They said they were one of the best MLM companies? A True Story From an Insider

I had invested my money, my dedication, my enthusiasm and the biggest amount of time imaginable - 60-70 hours a week! I had a laser-like focus on my goal - to succeed in my MLM home based business. I had been made redundant from my job as general manager of a high-end fashion label as the recession hit the fashion industry hard and I saw this as an opportunity to work from home and believed whole-heartedly this would be my new career.

I approached my home based business with a ferocious intensity, I attended every conference call, I bought leads, I bought advertising campaigns, I networked, I used and sold the products, I did three-way calls with my upline, I built a successful downline and ten months into my business, I sat in my office and cried. Something was seriously wrong - no matter what I did, I was still spending more on the mandatory monthly product requirement than I was earning.

The other members in my team were starting to ask me what they were doing wrong, they had no team members and no sales. Why wasn't it working for them? They were doing everything they had been trained to do and still had no sales. They started to lose interest.

My doubts grew alarmingly."Why is it that so many people fail and end up throwing the towel in? If the products are great and the compensation plan is geared for the distributors to make money, why are people leaving?

I put all these questions to my upline and it was made clear that I had not been "taking enough action". Massive action would solve all my problems and just to keep going. I couldn't figure out where I was going to get more hours in the day to take more action!

My husband Mike was so supportive he dropped thousands of fliers for me - he believed in me and was sure I would find a way to make it happen.

And then I had an "aha moment". Taking into account my background as a general manager, project manager, business analyst and various other business related positions, I thought, "if I can't make this business work, how on earth could I expect the people I was recruiting (most of them were from a non-business background) to make money and be successful." Yet, here I was filling them up with all the reasons why this was a wonderful opportunity for them, how they could stay at home and work around their kids and earn a good income.

I knew in my heart if I couldn't do it, they didn't have a hope in hell. And this was my turning point. I honestly couldn't find it in my heart to keep recruiting unsuspecting souls thinking this was their opportunity of a lifetime.

I didn't want to be the one to empty their credit card and leave them with shattered dreams, only to become a statistic and join the 97% of network marketers who never make it. My faith in the company had gone - sure the products were good but the business model was crap. I had learned my lesson (after ten months of hard graft) and I felt grateful to realise it wasn't my fault.

A solid business model is the only type of business where both parties win. And there was only one side here with all the winnings. Their methods of pushing product onto people doesn't work any more - it's old school.

So when someone tries to sell you their business opportunity and implies that this is the key to your financial future, just hold off, take a few steps back and ask lots of questions. Research the business model and the marketing system and find out exactly how the compensation plan works.

So, back to square one. Mike and I went looking for a real solid business. We researched for three months and we found a company with a great stand alone product, a compensation plan that pays large commissions up front and a proven cutting-edge marketing system and ongoing training programme to support it. In our fourth month of joining this company, we had achieved our first five figure monthly income -and we have never looked back.

Learn more about how we achieved a five figure income working from home using 100% FREE marketing techniques.

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Article Tags: best mlm companies, home based business, make money from online business, midge hand, network marketing, online business, work from home
Referred by: http://www.mikemorganblog.com



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