Why complicate things when we don’t need to? MLM is not a complicated business model. Sarah Thompson breaks it down to its 5 simple components for us below.
MLM is …
People are always telling me that they want to, need to develop a home based business , and their choice is to build a network marketing business.
I always answer the same way -, so that folks have a clear understanding of what is required to build a successful MLM or Network Marketing business.
I explain that ALL of the Professional (aka successful) Network Marketers understand that MLM is ……
A self-development program (with a pay plan attached)
A Relationship not a selling business.
A Product referral program. (sponsoring)
A Product Auto ship business.
A Product (personal) use business.
Multilevel marketing started with Mytinger’s and Casselberry’s new marketing plan for the Nutrilite company circa 1945. They developed a three-pronged approach.. Use the products, share the products, and sponsor the folks who like the products.
Richard Dennis, one of the folk I respect said “If your not getting what you want out of your MLM , check what you are putting into IT”
My advice to you is decide whether or not you want to build your business.
If yes develop a plan to actively, consistently and with persistence do all five (5) action items several times each week.
Want to learn more from Sarah? Follow her on Home of Team Catalyst
simple thing should be simple, right? MLM is -same with other business- need attention and hard work. networking is now becomes key to success.
Well it is simple, but not always easy. Just like any other profession, mlm or network marketing does require skills that need to be learned. Those that go out and “wing it” won’t experience the same amount of success as someone who works less time but has the skills.
I hope you enjoyed the blog and will come back for more updates.