Biyernes, Hunyo 3, 2011

Idiot Misconceptions about Network Marketing

These are the idiot misconceptions nay-sayers often reason out about network marketing and how I respond to them.

1. It’s a pyramiding scam

Pyramids are very easy to detect
Pyramiding is an illegal get-rich-quick scheme. The permits are fake, the products are fake and the people are fake. I’ll talk about how to determine a pyramid scam from a Network Marketing business in another topic. In fact due to the advent of the internet pyramid scams are already scarce.
It is true that many MLM businesses are using the Binary System which is why many people often mistake it as a pyramid scam. Solution: Don’t use a pyramid when explaining!

2. It doesn’t work

If it doesn't work for you then
try working here

If it doesn’t work, then I wouldn’t be writing stuff about it. There would be no companies and Multilevel Marketing or Network Marketing would have never evolved. MLM Companies would not be worth Millions, Hundred Millions or Billions of dollars if it doesn’t work. – as simple as that.




3. You sell your friends and family

Do not Recruit your family!
You DO NOT sell your friends or family. In fact I am against inviting them to your business. The reason is that there should be a line between personal life and business. Your friends and your family are a part of your personal life. 


They are not to be a part of your business unless of course they volunteered.






4. You sell products door-to-door

Only employees go door2door
I have never sold products door-to-door. I never saw someone sell products this way. This is not how the business is done.

When I started I did make money selling products but not door-to-door but rather store-by-store. The income is big in selling products in stores since they buy in BULK.



5. You are required to attend meetings, functions, buy CD/DVDs, books

As what everyone says about this industry- YOU ARE THE BOSS. A boss is not required to do all those things. Do it only if you are serious in making money. Be careful in purchasing training materials though as most of them are overpriced and the company just be trying to squeeze the money out of you.




6. It will be saturated

Saturation never happens
This is the statement I hate. I just tell the dimwit saying this to me “It’s not saturated, you still haven’t joined”.

Most MLM companies have a system that will guarantee its stability even if it’s members reach to tens of thousands. A great example is the Unilevel point bonus which varies per company.





7. It is about numbers, numbers, numbers

It ain't quantity but QUALITY
Anyone who is in network marketing and putting emphasis on ‘quantity’ of downlines is guaranteed to FAIL. Networking is neither about numbers nor money. It is a relationship-driven business.

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