there are out there so many negative written comments about MLM business opportunity and wonder if it works all. traditonally it is a form of dierct selling usind distributors , however if it can not be done without cold calling coz all of us need the money and like the products and services offed but do not like to be agents.
2006-12-06 03:28:00 · 12 answers · asked by John N 1 in Business & Finance ➔ Small Business
Well, just use simple logic (a word most MLMers hate).
If you are not going to sell to the cold market, then you are limited to the warm market, everyone you already know. If you see a product that you think you can make a living by selling to only people you know then you can do it without cold sales of some form. Do the math. Find the commission percentage you will earn, divide that into the income you want, and voilà, you have the total volume of net sales volume you need to accomplish that income. Now just add anticipated expenses and you know exactly what you need to sell. Avoid doing this and you are kidding yourself.
Example - you are selling widgets for $50 each, want to make $10,000/month income, and anticipate $3000/month expenses and earn 40% commission.
Net Sales Volume = $10,000 / 40% = $25,000
Gross Sales Volume = $25,000 + $3,000 = $28,000
Thus, if you want that income, you need to sell $28k worth of widgets, or ($28,000 / $50 ) 560 widgets per month.
If you can do that in your warm market, then go for it.
That is how you assess simple sales targets. Now, you should also know that MLM being set up to be direct selling is a thing of the past. No MLMer EVER likes to talk about personal sales targets that amount to anything but mere minimums.
The very definition of MLM has multiple levels in it. Thus, the focus is far greater on finding layers of sales people in the dream of making it rich by having lots of people under you selling as oppose to actually selling yourself.
You can bet no one who would spam yahoo answers looking for recruits into their business has enough sales ability to sell enough personal volume to make a living. No respectable salesperson would ever need to resort to this cheap style of sales. The bulk of them come off as spin doctors and snake charmers trying to fish out everyone and anyone who just might join up after visiting some ridiculous website.
If you are serious about sales would you want to align yourselves with people who need to spam yahoo answers? Of course not. There are countless respectable sales positions out there and near infinite type of products to sell. You can write your own ticket if you are any good, and you can always learn to become good.
2006-12-06 13:29:18 · answer #1 · answered by Marcello 2 · 1⤊ 0⤋
It's usually not the MLM company's products that get the negative reviews, but the aggressive MLM "recruiting" techniques that these companies use. Also, the fact that the vast majority of MLM agents make little or no money is a contributing factor.
MLMs also have a bad reputation for taking a new agent and asking him or her for "warm market referrals," like friends and family members. These are labeled as "training meetings" to "show your friends and family what your new business is," but they invariably turn into sales meetings.
The best bet for you would probably be to find a company whose products you believe in and can sell, and then only hire distributors/agents/recruits when you have too much business on your own. Good luck, though.
ForeclosureFish
http://www.foreclosurefish.com/
2006-12-06 03:47:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
MLM when done right is very successful, or it wouldn't have been around as long as it has. As long as you have good products to sell, and a good compensation plan you have a good company. All of us here answering your question have been in or are in some form of MLM marketing and all of us have something to sell. So choose carefully. Check the company out through the BBB, check its compensation plan, how it networks, and so forth. The one that I am most familiar with is SFI, which is not a typical MLM, but has been around since 1985, in over 200 countries, has 4000 members joining each month, over 600 products and services to sell, free to join, free website to promote, and free training. Most of the work is done on the internet for me, but some do sell offline also. http://www.moreinfo247.com/9088246.5420002/FREE
2006-12-06 08:18:03 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I am in a MLM company and I never do any cold calling. I just promote through being my self and people like that and want to join me.
2006-12-06 03:41:57 · answer #4 · answered by xangohill 2 · 0⤊ 0⤋
A.L. Williams did his direct sales without ever making a cold call. Buy the book "Coach", written by him. It can give you some insight. My company gave these books away because it is such a good story. If you are looking, you may wan to consider the company I am with. We have a very simple system that works. I can send you information if you would like, but if not, read that book.
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2006-12-06 07:05:07 · answer #7 · answered by Martin M 1 · 0⤊ 0⤋
The main thing is to find the right product, my cousin plays major league baseball, does not need anymore money however he was so impressed with the results of Monavie he started selling it just to share with his friends and family. Check out his website www.mymonavie.com/dustin, send me an email and I will have him send you some information.
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