Multi-Level Marketing

[storm33229]

So I hear that being a part of Multi-Level marketing is a scam, but is starting your own Multi-Level marketing company a bad idea?

[TimW]

No. If you know how to do it.

If you've never been in an MLM to understand how they work, how to get people involved, how to do the payouts, etc., ad nauseum, do you seriously think you can create one?

What happened to your Pro Audio equipment muse?

[storm33229]

What happened to your Pro Audio equipment muse?
Well apparently that will never work because I'd be selling top dollar products.

[TimW]

Well apparently that will never work because I'd be selling top dollar products.


Did you even bother to try?

Trying to set up and promote a successful MLM will be orders of magnitude more difficult than setting up a retail operation, esp if you know nothing of how they operate.

[storm33229]

I didn't see the point in trying something that most people were saying would fail, and I'm not normally someone to listen to the crowd, but when I have lots of people saying the same thing...i kinda wonder.

[FreedomBuilder]

Hey, did you notice that both you guys are geographically close to each other?

Gilbert, AZ and Phoenix, AZ right?

And I only mention it because I'm in Tempe right now too (although you would never have guessed it reading my profile) :) We should meet up locally and "muse"...

Actually, to get back on topic, probably the main reason you shouldn't bother starting your own MLM (let alone joining someone elses) is purely a matter of statistics.

Over the past decade or so, the number of new MLM *companies* has risen dramatically (mainly because the cost of starting them has come way down (online software, etc), but the number of new people *distributors* joining any MLM's has not risen hardly at all.

The result has been a form of incest! You've got this "community" of existing MLMers who jump around from new MLM pre-launch to new MLM pre-launch trying to "get on top", overly pushing the "opportunity" not product/service sales (the lifeblood of *any* business) and the result is nobody stays anywhere for very long, don't make much money, worse, most LOSE money -- and a lot of it -- and worst of all, their credibility and reputation do a nosedive with any friends/relatives they keep hitting up each month, or year, for "the latest-and-greatest" "opportunity".

Phew! :eek: What a rant...

Having said all that, the free-marketeer that I am, knows that this incestuous MLM situation is actually an opportunity in itself.

The key is to see that lot as "goldminers", and yourself as a "pick and shovel" retailer. Who made the most money during the California (and anywhere else) gold rush? It was the people who sold the TOOLS that *every* goldminer needed to "work their mine" -- picks, shovels, pans, levis etc... Right?

Anyway, this is starting to turn into some kind of pitch, so I'll shut up...

PM me if you like..

James

[TimW]

James

No, you're right about selling shovels to goldminers. I am in Vemma because I like the vitamins (we've been taking them about 3 years now), and my wife sells them off-and-on. However, the number of "success tools" available to folks like us are, shall I say, astounding.

There are any number of systems, CDs, email systems, pamphlets, mailing kits, etc., available...all for a fee, of course.

That's where the money is....

[FreedomBuilder]

James

No, you're right about selling shovels to goldminers. I am in Vemma because I like the vitamins (we've been taking them about 3 years now), and my wife sells them off-and-on. However, the number of "success tools" available to folks like us are, shall I say, astounding.

There are any number of systems, CDs, email systems, pamphlets, mailing kits, etc., available...all for a fee, of course.

That's where the money is....

Specifically, for those that missed the "picks, shovel and goldminer" metaphor, the tools ALL MLMers need, and will always buy -- regardless of their "latest and greatest product/opportunity" are leads and training.

Also, its true people "buy" systems before products/opportunities in that "industry", but one should be working on one's OWN system to brand and promote oneself, rather than buying someone else's "system".

Please bear that in mind before starting, or even joining, any MLM.

FreedomBuilder

[Larenz02]

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[Matthew Connors]

MLM is fine if they offer real value to customers, other wise they are self imploding..

Just do your self a big favour and don't push it down the thraots of family and friends.....

[nghs22]

I didn't see the point in trying something that most people were saying would fail, and I'm not normally someone to listen to the crowd, but when I have lots of people saying the same thing...i kinda wonder.

Groupthink is a type of thought exhibited by group members who try to minimize conflict and reach consensus without critically testing, analyzing, and evaluating ideas. Individual creativity, uniqueness, and independent thinking are lost in the pursuit of group cohesiveness, as are the advantages of reasonable balance in choice and thought that might normally be obtained by making decisions as a group.

If you're basing your decision on what "alot" of other people think you'll never succeed. And I mean, NEVER. YOU do the testing, research, and form your own opinions! Who gives a shit what others think? If they aren't offering research-backed data, it's all hogwash anyway.

NO ONE thought the Wright Bro's would ever get that damn contraption to fly and EVERYONE said they would fail. I think you know the rest....

[Jon Alan]

I lot of the people I have coached were in MLMs when I first started with them. I only met one guy who was making a ton of money and he had gotten in on the ground floor. My advice would be to set up and affiliate program maybe with second tier commissions at most. MLMs are made to self destruct once the market becomes saturated and the founders become stupid rich. They are the ones on the top of the pyramid cracking the whips on the back of the slaves carrying the stones up to the top. Too much hassle, find something you enjoy and that has interested buyers already and stick with it until people catch on.