Articles

Is MLM or Network Marketing the Answer to the Economic Recession?

by Charles Aki Marketing and Internet Consultant
Yes, MLM or Network Marketing could be an answer to the economic recession, if you are affiliated with a reputable, legitimate company that has a profitable compensation and marketing model. MLM is a concept that makes it possible for the average person to make a lot of money by leveraging the efforts of many people. If you don't have a lot of time or money, then by investing a little time and money, you can still amass a lot of income, if you find many other like-minded people who want to make money by doing the same thing that you are doing. During recessions, many people are laid off. Some of these people don't have a lot of money to start their own traditional business. Because MLM businesses don't require a lot of money to start, some of the unemployed may want to consider joining an MLM company. But which one should they join? That's a good question. I recommend that you do your due diligence by investigating the company and checking with the Federal Trade Commission, your State's Attorney General's Office or the Better Business Bureau before joining any of these MLM companies. Don't allow yourself to be pressured or hoodwinked into joining a network marketing (MLM) company. If you are interested in MLM or Network Marketing , including a review of companies that use this marketing model, visit www.mlm.com.

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About Charles Aki Committed     Marketing and Internet Consultant

640 connections, 7 recommendations, 1,453 honor points.
Joined APSense since, October 16th, 2010, From Austin, United States.

Created on Dec 31st 1969 18:00. Viewed 0 times.

Comments

Cheryl Baumgartner Professional Premium   Medical Billing/Coding/Insurance
Robert Kiyosaki recommends network marketing. I just started on his book The Business of the 21st Century
Oct 19th 2010 10:56   
Charles Aki Committed   Marketing and Internet Consultant
I have Kiyosaki's latest book also. He touts network marketing as "The Business of the 21st Century." I think he is right on the money!!
Oct 19th 2010 11:09   
Andre Hartman Professional  Business Owner
Although mlm could be an answer to the economic recession, it is a very hard thing to get people to believe in.
Oct 19th 2010 11:31   
Charles Aki Committed   Marketing and Internet Consultant
You are right. MLM is a hard thing for people to believe in. That's why it is not a good idea to convince people to join our opportunity. All we can do is sort through our prospect list for those who will say "Yes" to our opportunity. As professionals, we don't try to convince or beg people to join our opportunity; we only have to sort for or find the pearls among the oysters that we have. The more oysters you have, the greater your chances of finding one with a pearl in it. Also, in order to do well in MLM, you have to believe in what you are doing. You have to have a strong reason for doing it. And you have to give it time to succeed in it.
Oct 19th 2010 11:41   
Cynthia Slick Advanced   Associate
The reason so many do not believe is because of the typical compensation plan is designed for failure. Nothing is built by being an Island. Yet most MLM's do not encourage team work. You are not encouraged to pass team members down because you lose money if you do. There is something different out there. However I did not comment to advertise my business even though my main business the first of its kind that encourages team work and does not penalize for passing referrals down. It pays the same no matter where you place a sign up. If other MLM's did this it would encourage and diminish the whole attrition rate that the industry suffers from. People leave after 1,2,3 months because the money is not there. It takes several months of building to reach income levels people are looking for. What if though you were encouraged to pass people on and what if in the first 4 months you were in a special bonus pool just for the new affiliates. What if you made money in the first few months that gets you over the hump of the start up. You would stay would you not? The internet is where the new millions are and will come from. It is the answer to the economic crisis.
Oct 19th 2010 12:23   
Cheryl Baumgartner Professional Premium   Medical Billing/Coding/Insurance
I am in an MLM And we have a differential pay plan. It behooves us to help those under us make money because we reap the benefits of overriding the difference between their pay level and our own. When we get to a certain level then you truly gain for having people under you.

The problem with most MLM's is not necessarily the pay plan but the fact that most people cannot grasp the concept of leverage. they are more concerned with directly earning than the advantages of getting a little piece of dozens or perhaps hundreds earning under them.
Oct 19th 2010 12:34   
Charles Aki Committed   Marketing and Internet Consultant
I agree!! Team work should be encouraged. I believe in rewarding people who are willing to do what it takes to succeed in their MLM business. One approach would be to cooperative advertise together and share the leads and prospects that accrue from the ad campaigns. Another approach is to help my team members get a check in their hands quickly. When they see money quickly, even if it's not a lot initially, their belief level would skyrocket!!
Oct 19th 2010 12:42   
Cynthia Slick Advanced   Associate
Exactly right Charles that is why I am so happy to involved with my main business the company actually gives people their own earning pool for the first 4 months which is always the building months in any MLM. It is terrific and very exciting to be a part of a company going in the right direction with a mind set to help everyone.
Oct 19th 2010 15:36   
Laura Mound Senior   Home based business
What a neat blog
Oct 19th 2010 15:45   
Olandor Steward Innovator   
I've joined quite few MLM company - they called themselves like that, but never get any instructions from them. They just make me feel that the compensation is great and I join. After I join, they leave me to "help" others.
Oct 20th 2010 01:18   
Cheryl Baumgartner Professional Premium   Medical Billing/Coding/Insurance
The thing is MLM like anything else means finding the right upline to be in. Some are just concerned with getting a sign up. Others actually work with the people under them.
Oct 20th 2010 07:36   
Muriel & Graham Legg Professional   Make your website mobile friendly
MLM and networking is like everything else - you have to work at it. I agree it helps if you have an upline that supports you, but ultimately it is your business and your responsibilty to run it. You will never succeed without Time effort and yes a little finance, with a big dollop of patience.
Oct 20th 2010 07:45   
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