How Many Lies Are There In Network Marketing?

Today, when I was reading the book "7 Great Lies of Network Marketing", I found it really very exciting. Unfortunately, I received this book as a part of my spam email in my Gmail box, but to me, this book is good, if not great. This book is written by Ann Sieg. This book is made for free redistribution (I would like to intentionally omit the other parts), so with this blog post, I would like to redistribute this book to my readers. Please read this book and let us start a discussion system with the help of my comment box. Do you agree, huh?

Please right-click on the above book and click on the 'save target as' option to download the book. It will be saved in PDF format. It's been a good time when I am reading this book, while spending so many quality hours with my family. :o)

Brief Notes on MLM Scams

Some people are truly scared even with the names of MLM business. They think that there are practically no MLM businesses out there that can bring success. And once they trapped in them, they will end up by doing nothing but losing money and time. But this is not true. In fact, there are many MLM companies out there which are legitimate and allow you to earn handsome money with their program.

MLM itself is a legitimate system; however, there are few dishonest people out there who exploit the system in an illegitimate way. If you are fortunate enough to join in a legitimate online business, then you can make REAL money for your living, but with hard work of course. With this outstanding system of MLM business, while one can earn money in a legitimate pattern, there are few people who are creating MLM scams and daubing them in the name of MLM business.

So, how do you spot MLM scams? What are the determinants to mark MLM scams? The most popular among all is pyramid scheme. In the pyramid scheme, you will gain high profit once you make any investment in the company or in the program. So do you need to sell out any products? The simplest answer to this question is 'NO'. This program is illegitimate and illegal. In this type of MLM scams, you are actually paying money even when you are not actually seeing for what products you are paying for.

Another common MLM scam is Ponzi scheme, in which people who join in the scheme receive a promise of huge returns if they make their investment with them. However, the investment is taken to pay off the down-line to make the program longer.

Although the schemes of these companies sound legitimate, they are not in real. In most of the cases, they take money from people and run away. So you must seek answers to few questions before you participate in any MLM company.

First of all, inquire if the company is more interested in bringing new members than selling products. It is not always a good idea if they are more interested in bringing new members to the system only, because bringing new members implies higher level of competition, especially if there are less numbers of products.

Secondly, a more common MLM scam is found with nutritional supplements. Be really careful about the quality of the products before you become the member of the company. In most of the cases, their advertisements are extremely exaggerated.

Take a thorough review about the MLM business you are planning to join in. Research and do more research before you make up your mind.

What Factors You Should Consider in an MLM Business?

If you are thinking about to start off a home business with multilevel marketing, you must seek for a reputable MLM company with proven background at the first place. So, before spending your money on any company, you should first analyze few factors, so that you can confidently jump into the business without any hesitation.

Reputation

Quite obviously, this should be the first thing that you must be aware of. So before joining in any MLM company, you must verify if the company has any established and high quality service or product line that has a genuine market demand. Moreover, you must research whether the company has a genuine strive to perk up the current line-up.

Business Strategy

The MLM business stands on the recruitment of new distributors. The process is a streamline process. You must verify that the company strongly discourages and refuses the idea of 'pyramiding'. In addition, you must make it sure that the company you would like to join have a proven track record and good working ethics.

Experience vs. Training

When you join in any reputable MLM company, be sure that you do not need any prior experience in this field. It is company's responsibility to provide one-to-one training. The MLM Company also conducts inspirational seminars in addition to all-inclusive guidance on training materials. The company works on the ethics of altruism, since one's success leads to another one's success.

Family Compliant Programs

The programs conducted by any reputable MLM company are absolutely family compliant, which means any member of the family can be a part of this program. It should not be something where crude conducts can be accepted.

Nominal Fees but Higher Incentives

The joining fee of any reputable MLM company should be very less. They do not claim any hidden costs after you join. The joining fee is all-inclusive, which means it covers all the necessary fees required for registration and training materials. On the other hand, any reputable MLM company offers high incentives along with outstanding bonus plan for those people who do extremely well.

Apart from all these above mentioned factors, a reputable MLM company always offers a strong support system. You will always become inspired by real life examples. The system enables a healthy competitive environment among all the MLM marketers participating in the system. In a reputable MLM system, you are free to choose between part time and full time options.

The Disadvantages of Buying Biz Op Leads in MLM Business

MLM business needs active communication with other people. Certainly, this can be a benefit if you can devise it wisely. But again at the same time, it can be a major drawback if you do not possess enough skills to do the same. Communication is the most crucial and challenging factor that you need to face to become successful in generating your MLM business leads.

In fact, most of the budding MLM marketers go to their friends and family members for the purpose of lead generation. Needless to say, you know better how much time and money consuming it is! So you might need to consider buying biz op leads to solve this issue. But remember that it can be only a short term solution to your problem. Since buying can apparently seem to be an easier choice, but it brings some inevitable drawbacks.

Highly Expensive

The first major concern is of course money. It can be highly expensive. There are people who spend nearly USD 5 or more just to buy one single lead. Now calculate it in terms of 300 or 400 leads per month. Not every one has enough money to spend over on lead generation.

Continuous Flow

When your lead generation stops, it means that you do not have potential customers to continue your market any longer. This means that your business stops growing. So you need to be continuous. You have to purchase the biz op leads on a regular basis to grow your business.

Not Enough Targeted

When you buy the biz op leads with a hope of targeted customers, you are most probably going to be disappointed soon. Because, it is not really targeted and it is really hard to find out the REALLY INTERESTED people against your money you have already spent on the buying.

Lead Share

Although sharing life with life partner can be the best romantic and practical idea in life, sharing leads is just terrible when you consider it from the prospect of your own business. The lead selling companies usually sell off the same leads to many marketers. The result is inevitable. When you call a person from the list, you may end up by doing nothing, since s/he has been already chased by some other marketers for the same purpose. So what are your chances? Very less, isn’t it?

Are You Interested in Home Business? Then MLM Can Be An Option…

So are you interested in home business? You can try doing multilevel marketing (MLM) business. In this post, you can discover how MLM works and what Federal Trade Commission (FTC) comments on MLM. In multilevel marketing business, a chain of independent distributors is formed. It is intended to deliver the services or products to the end buyer without spending any extra money on the middleman.

If you would like to enroll yourself to any MLM company, you must look for a low start up fee at the first place. Remember not to choose something very costly, however, without any verified reputation. When you pay for the start up, it is the duty of the MLM system that it provides you all the necessary training that you need to succeed as an MLM marketer.

A good and reputable MLM company takes the responsibility of most of the advertising costs and requirements. In addition, you will get a decent service or high quality products to sell off. In this system, you can recruit your own distributor and receive the commission based on total sales by the distributors you have already recruited.

Comment Made by Federal Trade Commission (FTC)

In the United States, FTC recommends the prospective MLM marketers to conduct sufficient research prior joining in any MLM company. FTC strongly discourages the idea of 'pyramiding'. This is absolutely illegal. In the 'pyramiding' system, the user only needs to pay for the distributor recruitment. But they do not receive commission based on total sales generation.

You can check the website of FTC to obtain complete overview and training in relation to MLM companies and how to join them. Moreover, it offers a list of 8 checkpoints that you should verify before you join in any particular MLM company.