Forums: Discussions for entrepreneurs and small business.

I have a genuine question:


I know, I know - it`s "the hottest business opportunity ever!" But for this topic, spare me the rah-rah stuff. I am posting this question to get to the bottom of whether people are really making a profit in their MLM efforts.

I am not doubting it - I just want the real, un-puffed-up story.


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Rich Sloan , Co-Founder, Chief Startupologist, StartupNation

Dear Rich

You are direct, aren`t you?! I have been in network marketing for three years now and have failed twice. However, I know that if you really want the time and the money and freedom to do whatever you want in life - this is the only way!

I have now found something that I truly believe in and although it`s not a get-rich quick scheme - we will, one day, I`m sure, be financially free!

I liken it to an apprenticeship - as the years go by we learn a lot and each mistake will bring a new reward. It helps to read self-development books and realise that we are allowed to dream a little even though I am middle aged and feeling it!!

It also helps to have an attitude of gratitude!

well nice talking to you - please feel free to contact me if you need more info on our wonderful business.

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www.tastesuccess.biz

jango,

thanks a lot for the response.

so, in your experience, your MLM efforts haven`t been profitable (yet!). maybe this time around it will be a different story.

do you know people who have been profitable? i`d love to hear their perspectives.

the thing about MLM is that it`s incredibly appealing on the surface - i think people would benefit from warriors who`ve been through the cycle successfully so they could point other people aspiring to put this business model to work in the right direction...

wishing you success...


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Rich Sloan , Co-Founder, Chief Startupologist, StartupNation

    It is nice to hear something good  about MLM . I was once going to do it but they wanted like $475.00 to get started and for me that was alot since I knew nothing about the buisness.

Thanks for letting me know some companies are legit.

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Thank you, Armymom2025

Hi Rich,

It`s been a journey, but my wife and I make a very nice living with Multi-Level-Marketing.

It didn`t happen overnight and it took a while to find a company that was financially stable and had good management.  Fortunately, we found a company in 1999 that has proven to be all we were looking for and more. The management team works well with the distributors.  The company has a good product line. The company employs a  compensation plan that I think is fair to everyone including the beginner.

We have always made a profit in our current MLM business, but it wasn`t until they employed an online marketing system that we really took off.  The system has given us a step by step approach to building our business world wide.  It has also given us a proven method to train our team with as well.  Without it we would probably still be struggling to reach our financial goals. 

One other thing that I like is that the cost of doing business is affordable for everyone.  My wife and I have been in businesses that required up to $5000.00 just to reach a level to qualify for commissions.  That wasn`t good for us or anyone else.  With our current business, start up is $100.00 monthly or less.  

I can tell you that this has been a breath of fresh air.  It is no fun to be in a business where you don`t make any money.  It is also no fun to be in a company where there is no realistic expectation for your group to make money either.  Fortunately for us, we have found a company where the realistic expectation is that anyone can do this.

Make it a great day!

radiomarathon,

thanks SO much for this insight. it`s great to hear what actually works, like a supportive company/management team behind you, and the web marketing support...

i welcome anyone else`s insights, as well.

MLM is huge - i am going to try to get a guy i just met to provide his insights. he`s a multimillionare through herbalife. what a success!

i am just incredibly cautious about recklessly encouraging people to pursue this model when the success rate is so suspect...

stay tuned...


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Rich Sloan , Co-Founder, Chief Startupologist, StartupNation

Hi there - again!! Just wanted to tell you a little more about our company. We were with a well-known catalogue distribution company for 2.5 years and worked our socks off. However we realised that mlm is about timing and this company had many successful `big cheeses` but most of them came in at the start. If you join with the wrong team where support is minimal, then you probably are going to fail.

The company we are now with is called XanGo (pronounced Zango) and is only 4 years old. It`s only been in uk for 2 years and is the fastest growing network of all time!

The product is a nutritional health beverage with many benefits. One product - no out-of-stocks, and delivered straight to your door! We use and recommend - no selling involved - and the compensation plan is second to none! Our upline are the European Champions and what`s really great is they share every tip and offer guidance and support everyday. Communication is the key.

We`ve also got their upline to do 3-way calls with and he brings in around $300,000 dollars each month, so we know we`re with the right team. If we follow what they`ve done then we can`t fail, can we? you can check out our website and take a look     www.tastesuccess.biz

`Success comes in cans, not can`ts`

speak to you sooooon!

Jan

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www.tastesuccess.biz

Hi Rich,

I will add my 2 cents worth here. First of all, I have made money with network marketing and I know people personally who have made much more than I have. To some extent network marketing is what you make it. In my opinion, though, there are certain things you should look for - a product you really love and can recommend to people, a stable company with a track record, a sponsor who will work with you, and a way to find prospects that you can afford in both time and money. Check to be sure your upline is not making a good bit of their money selling you training tapes and support materials.

If you would like to take a look at my company, check it out at
www.summit200.com

My upline provides one of these sites free for every associate in his group. Some charge $20 or more for recruiting sites such as this. That is what I mean by a sponsor who works on your behalf.

Good luck in your search - if I can answer any more questions - not just about my company, but about my experiences (I`ve tried 4 other companies), just ask.

Sherrie


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Sherrie St. Cyr
They know you, like you, and trust you.
Will they remember you when they are ready to buy?
http://www.sherriestcyr.com

thanks, sherrie! great substance - the kind that other people can put to work to ensure they`re maximizing their chances for success.

rich


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Rich Sloan , Co-Founder, Chief Startupologist, StartupNation

Rich,

Do you want to speak directly to someone who has actually made it with not one but 5 companies?

If you want to hear directly from the horses mouth, let me know.

No rah-rah, no fluff, no BS....just as it is!

Contact me if you are interested with your contact details.

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http://www.hellomyworld.com Your "Digital Live Made Simple"