HOW TO MAKE MONEY WITH MLM COMPANIES
A multi-level-company instead of using advertising money to promote their products, are using their members to do the promotion by offering them a commission on each transaction.
We all know about Herba-Life, Avon, Amway, AIM GLOBAL, etc.
Some companies are popular in specific countries like AIM GLOBAL is popular in the Philippines for example, and some people are earning huge amounts of money every month.
The nice thing about these companies is that you can earn also commission on several levels, from people that you have introduced and they have themselves introduced new members.
You can have a very good income if you grow a strong downline. Some people have earned hundreds of thousands even millions, having joined an mlm company in an early stage, and having introduced many people that in their turn have introduced others, etc., etc.
But you see, earning money from a Multi-Level-Company is easier said than done!
The more chances are that you will fail, unless you follow some rules that will set you apart from the crowd.
STUDY THE COMPANY RECORDS AT FIRST
How long this company has been in the market? How many members has already, and how much is the expansion forecast for the next period of 3 to 5 years?
Can you ask for help with any question you may have? Is your sponsor already makes a living from this company, or just he joined and did not really put a lot of energy and effort himself. It is important to have a good sponsor at first, and teach you everything he knows already. This will save you a lot of precious time.
CHOOSE THE COMPANY WITH THE RIGHT PRODUCTS
Are the products that the company distributes really good, and worth your cash? Can you find similar products in the market, with less money but similar quality? This is the most important factor to decide to join a company or not. The reason for this is when you approach someone and ask him to buy the products; he will get turned off if he finds out that the prices are much higher than the price he could buy from the stores.
GIVE FREE GIFTS
One reason to overcome the problem above is to offer free products from the company that you promote, and if they are really good, then be sure that next time you will have a happy client to buy from you. Have a lot of stock for cheap products that you can offer as a free gift to serious people.
DO NOT INVEST A LOT OF MONEY AT FIRST
I have heard stories that new members bought products that cost thousands before even having one client! Surely, you believe in the company and you are convinced that you can sell to dozens of people, but why should you hold a big inventory?
Yes, you like the products and you use it for your own needs. Also you have products to give for free as gifts for future clients. But you do not need to spend 5 or 10 times more for the minimum money you should initially first.
Buy the minimum or a bit more than the minimum quantity at first, and when you sell these or you use for your own needs, then buy some more. Take it step by step!
LEARN FROM ONLINE VIDEOS
In this way you can learn from other successful members, hear their stories, see the seminars, learn the rules, etc.
DO NOT REALLY TRY TO SELL TO YOUR FAMILY
Often the new members of an MLM company are trying to sell to their family members. This can be good sometimes, but may also turn to be your nightmare and I will explain why.
First of all if your family member wanted to join an MLM company, he/she would do that without expecting from you telling them to do so. Actually, if your family member really buys from you is because you are a family member and he/she respects your relation, and not because they really want to buy.
So the question is "How many family members you have and how much money you can make from them?"
I would recommend you to give just for free some cheap products to your family members or very close friends, and wait from them to ask you to buy on a later time, when they like the product. Never push anyone to buy any product or join your MLM Company!
This is a golden rule, and it is like you try to catch a bird while sitting on the tree! It is just impossible! Just wait for the bird to come and sit on your glued golden stick!
What I mean by that, is that you do your job, you inform your family members or friends about the products and about the company, you give some products for free, and you wait from them to ask you to buy when they have tried at first, and indeed are happy with the results.
PRACTICE ON MIRROR
Do you have a big mirror in your house? Then this mirror will help you to succeed in your MLM efforts! Even if you do not have a mirror, you can still practice and get the benefits of this exercise, but a mirror will give you better results.
Imagine that you have a person in front of you that he knows nothing about your company and their products. Then try to speak in a few words why the products will be of a good benefit to this person, and why should he buy himself.
You have to talk to this imaginary person loudly, like you would do if this person was sitting next to you in real. See yourself in the mirror; see your face expressions in every word that you say, and next time try to say the whole story with more convincing voice and facial expressions. It takes practice and not just a couple of times.
I would advise you to do this exercise at least one time per day, even twice, if you really want to be able to be convincing and recruit many new members to join you. The more you practice, the more you will correct yourself and get more convincing!
BECOME FRIENDS WITH SOMEONE THAT HAS ALREADY A GOOD RECORD
This can be your sponsor or someone that you have met through the company seminars. This should be a person that you feel comfortable with, and you talk not only about the company, but also about other topics.
ATTEND THE COMPANY SEMINARS
Seminars are not only to learn new things, but also a way to motivate yourself, see other people that have the same goals like yourself, get the energy from the speakers, and just feel more powerful and motivated to continue your efforts.
SET HIGH GOALS FOR YOURSELF
With MLM companies, the sky is the limit. The more people you talk to, the more chances you have to make more members. Do not limit yourself. Have high expectations and prepare yourself to work hard and meet those targets.
The last and most import advice.
FEEL ASTONISHED BY USING THE COMPANY PRODUCTS YOURSELF
There is only one way to be able to speak with confidence and recruit new members or sell many products of the MLM Company, and this is if you are really astonished from the company's products yourself!
Then and only then you will be confident enough to promote these products, and have other people benefit also from your offer!