New To MLM ?
How My Team Enrolled 6 New People Last Week
( What It Should Look Like )
“The vast majority of defeats were successes we quit on before we succeeded.”
I remember hearing someone much smarter than myself speak those words and thinking how true that must be for so many in a new MLM. It also had an echo of truth for me as well, at a time when our business was truly struggling and we didn’t know what to do next.
One of the most overlooked aspects of a strong MLM business is leadership.
And in our own we began to seek out better and stronger leaders who were really doing something. So we talked to a MLM leader who is just blowing it up right now decided it was time for change in leadership.
After all, your mentors can help determine your success, as well as who you’re working with.
So I joined a new MLM team and this past week had 6 new people join as well. 6 ! Not bad right ? And because of the strength of the community and team it is constantly growing . I checked again yesterday and there were 3 more added I had no idea about. How does this happen ?
Well maybe it’s what is supposed to happen. But let’s take a step back first and examine just what MLMs ( or network marketing companies ) are in case you don’t really now and are actually brand new to MLM.
You may have heard multi level marketing called MLM. It is a type of business where people promote goods and services and earn money. Essentially, you make money when someone that you referred into the system makes a sale. This appears to be a great plan… on paper…but does it really work in real life?
It appears you only have to sponsor two who sponsor two who sponsor two and we all get rich. But, many people find there are more harsh realities about MLM than there are genuine opportunities.
In fact, the BEST opportunity to make a significant income fast could be by joining one of the “new mlm companies” that have sprung up in the past couple of years. I’ll explain.
New MLM Companies Versus Old School Network Marketing
In the majority of the old school network marketing companies out there you really only get paid a few pennies per month for each active customer or distributor that stays on your team.
So to make the big money you often need to build a team into the thousands or even tens of thousands. Woof.
For example, one company charges $350 to sign up at the top distributor package. Sign up TWO people and you now earn a nice $4 per month residual income IF these people stay around. So now let’s crunch the numbers…
* You sponsor 100 new MLM distributors at $350 each
* You earn a nice little sign up bonus
* 100/2 = 50 x $4 = $200 monthly residual
I don’t have to explain, that is NOT GOOD.
You are of course banking on the fact the majority of your new business builders will start off with a bang but the reality is MOST won’t. Usually around jusy 5% of people who join your MLM company will ever sponsor single soul.
New MLM Companies - the Case for 100% Commission Hybrids
Today you can find any number of new network marketing business opportunities that pay a significant 50-100% commission on all personal sign ups and a nice percentage on team duplicate.
For example, one company we promote costs $150 per month to join and the same to stay every month. However for every single person that joins you receive a $100 monthly commission PLUS 100% commissions on anything else they buy. (Which they usually do. ) Now, that system is all online and not for every one but that is just one example. It is also, however not the new MLM I was referring to at the beginning. I am able to run it along with my other business and they don’t compete. In fact, one even feeds the other but let’s not get too complicated.
Let’s go back over that math now:
* You sponsor 25 new MLM distributors at $150/each
* You also earn from other tools and products they ( consider these a bonus)
* 100 x $25 = $2500 monthly residual
Nice right? At least it is a whole lot better than earning a measly $200 per month with an traditional old school network marketing comp plan. Right?
Now just into that program I’ve sponsored as many as 12 people in a single month.
I LIKE THIS MATH MUCH BETTER
NEW MLM’s: Avoiding the Big Mistakes
Most People Make
So if you are serious about putting the odds of success in your favor, take a close hard look at how we are not only growing a team but also teaching people to do it online. Because often folks gets stuck in their new MLM business without anyone else to talk to.
Using new lead generation techniques we teach folks how to solve those problems PLUS earn 100% commission-based in what they like to call the new MLM programs because they can be the difference that makes all the difference.
P.S: Interested in earning $500 a day from your home business, like I learned to do , all without calling friends and family? Want to know how to avoid the brick wall that stops so many New MLMs from success ? Then you need to check out this free presentation.