All businesses, including multi-level marketing, have pros and cons. MLM has been under so much scrutiny for quite some time. It has also been badly mistaken as a pyramid scheme.
For those who do not know, MLM is one of the best ways to achieve financial freedom. It offers incentives that are not possible in the employment world.
First, the MLM provides you an option to directly sell the products or to build network. Both approaches have huge potential for bigger income at the same time.
In direct selling, all you've got to do is to entice customers to just change brands. If a prospect's used to the taste of his coffee, just ask him to taste your product. I am sure that most of today's MLM products contain organic and herbal ingredients which are good for the body. With these advantage, you can easily sell your coffee.
You can also be successful in networking. Just look for the people who are like and can be like you. He should be teachable in most ways. Since this is a people-oriented business, it is better if you look for a person who can be versatile in dealing with other people.
Aside from the monetary benefits, network marketers may also have the chance to travel within the Philippines and abroad for free. What a good business, don't you think? Most MLM companies offer this vacation galore to their members. This is one of their strategy to maintain excitement among its members. Who wants to go abroad for free? Why don't you try networking? You don't only earn, you also have the opportunity to relax in fantastic places FOR FREE!
If somebody shows you an MLM business, don't be close-minded. This might be a blessing for you!
My Difficulties in Direct Selling
It is more than one year of my full-time involvement in direct selling. I thought that it would not be so difficult... I thought that it would be fun.. (I love selling, it is fun in most ways tho')... BUT it is so sad to say that I failed.
I failed in choosing the best people to be a member of my network. I failed to differentiate the good payers from the best debtors. As a result, I had more debts than my expected good income.
I failed in disposing all my stocks. I failed to return the replaced items. As a result, I still have mountains of apparels, shoes, cosmetics, fragrances and many more.
I know that direct selling and networking is not easy? But, I never thought that it would be this hard. I started smoothly in direct selling. I had frequent customers who paid every 15th or 30th of the month. I had repeat sales too. It all went bad when I decided to put all the products together and hoard stocks.
After months of hibernating due to this failure, I have totally accepted my mistakes. I have pondered what went wrong and how to fix it. I still have debts, hopefully, I can pay all of them within the year, haha!
Most of my friends told me that I have to stand up from where I fell.I took it literally. I failed in direct selling once, I will succeed in direct selling this time. I have known the pros and cons of the business. I'm tougher, wiser and more determined to face it this time.
Last month, I joined the Royale Business Club Inc. This is another multi-level marketing firm which offers wellness and beauty products. I believe in the products. As a matter of fact, we use the supplements at home. The difference that I see in Royal from any other companies is the cost of the products. These are cheaper and effective. The marketing plan is superb at the same time. The franchise opportunities that they offer made me more excited to do the business.
I have learned a lot from my previous experiences in direct selling or MLM. The following are my ways to improve in this craft and become successful:
1) Since I already have the passion to sell, I have to put more effort and focus to do the business;
2) I should know everything about the firm and the products. I should be able to answer all the queries of my prospects. A well-spoken business presentation would mean a close deal.
3) Since this is an MLM biz, I should always practice the Rule of Three's in referrals - Families, Friends and Foes.
4) I should be more cautious in looking for my network. My group should be helping one another. I have to look for someone who can be like me.
5) Lastly, I should deal with the business in cash basis. I can't afford to add more to my debts as of the moment, :)
In the next posts, I will be sharing with you the products, the techniques and some ideas which could help you build your own MLM business.
I failed in choosing the best people to be a member of my network. I failed to differentiate the good payers from the best debtors. As a result, I had more debts than my expected good income.
I failed in disposing all my stocks. I failed to return the replaced items. As a result, I still have mountains of apparels, shoes, cosmetics, fragrances and many more.
I know that direct selling and networking is not easy? But, I never thought that it would be this hard. I started smoothly in direct selling. I had frequent customers who paid every 15th or 30th of the month. I had repeat sales too. It all went bad when I decided to put all the products together and hoard stocks.
After months of hibernating due to this failure, I have totally accepted my mistakes. I have pondered what went wrong and how to fix it. I still have debts, hopefully, I can pay all of them within the year, haha!
Most of my friends told me that I have to stand up from where I fell.I took it literally. I failed in direct selling once, I will succeed in direct selling this time. I have known the pros and cons of the business. I'm tougher, wiser and more determined to face it this time.
Last month, I joined the Royale Business Club Inc. This is another multi-level marketing firm which offers wellness and beauty products. I believe in the products. As a matter of fact, we use the supplements at home. The difference that I see in Royal from any other companies is the cost of the products. These are cheaper and effective. The marketing plan is superb at the same time. The franchise opportunities that they offer made me more excited to do the business.
I have learned a lot from my previous experiences in direct selling or MLM. The following are my ways to improve in this craft and become successful:
1) Since I already have the passion to sell, I have to put more effort and focus to do the business;
2) I should know everything about the firm and the products. I should be able to answer all the queries of my prospects. A well-spoken business presentation would mean a close deal.
3) Since this is an MLM biz, I should always practice the Rule of Three's in referrals - Families, Friends and Foes.
4) I should be more cautious in looking for my network. My group should be helping one another. I have to look for someone who can be like me.
5) Lastly, I should deal with the business in cash basis. I can't afford to add more to my debts as of the moment, :)
In the next posts, I will be sharing with you the products, the techniques and some ideas which could help you build your own MLM business.
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