The REAL SECRET'S behind MLM businesses
Learn how to easliy determine if your MLM company is setting you up for SUCCESS or FAILURE? Check it Out I have been an entrepreneur for the last sixteen years of my life...I have built and sold two businesses in that time...I have always had an interest in Multi Level Marketing...But I could never understand why so many people put there heart-n-soul into various MLM business and find themselves in debt and no downline??? After learning about the 5 Pillars of Success... it became quite clear why so many hardworking and dedicated people can never make a living at network marketing...let alone creating Financial Freedom.
A great place to learn about the 5 pillars
The eagleslog is a great place to learn about network marketing. Written by my friend and mentor Sarah Thompson.
Fetching RSS feed... please stand by5 Pillars a MUST for SUCCESS
your hard earned money,or invest Your time, then turn around and RUN
away !! Take a Look
Pillar 1. Company management experience with Integrity!
Do a Google search on the company owners. When you have a company that
is built by someone who has also built a big downline they are
"Distributor minded" The pay plan will be excellent and it will be
easy to build a business with them. The care and support will also be
in place. On the other hand, when you find a company that is built by
a fortune 500 CEO who has never built a downline of their own, they
are "company minded" people. Usually these companies do not last and
the pay plan is not designed to pay the Distributor either well or in
some cases at all.. The pay plan is designed to pay the company.
Another necessary part of the review process is to take a good look at
your Policies & Procedures, if the P&P's are short then there is low
overhead (meaning the cost to run the company is minimal) and YOU, the
Distributor will get paid more! Companies with high overhead always
have long long Policies & Procedures, you will probably need a lawyer
to read it for you! This company will not pay you well! Look for the
companies products on Ebay, how much are they being sold for? A lot of
people shop on Ebay and if they can buy those products cheaper they
will!
Pillar 2. Timing in the company, Timing in the industry!
Approximately 92% of new companies don't last, they have growing pains
and most don't recover. They have software problems most of the time.
It is very important that a company own it's own software. If they do,
they are able to perform the maintenance themselves and any up-grades
or tweaks that they need. If they have bought software else where it
is never that simple! It is always a better idea to join a company
after it has been up and running smoothly for over 2 years!
Pillar 3. A remarkable product! It's necessary to have a product that
retails well and ask yourself "Would I buy this product if there were
no business opportunity involved?" Is there a Distributor discount on
the product? Ask yourself this, "What's the real price of the
product?" and "Doesn't this behavior show that this company only wants
you to recruit new Distributors?" If you are recruiting, recruiting,
recruiting you are just building a temporay paycheck! There is NO
residual income in recruiting! Retail sales allow you to develop true
residual income.
Agian Please remember You need to be able to EASILY find all five pillars.
Pillar 4. The Compensation Plan!
A good pay plan is a plan that pays the most, for the least amount of
people, in your organization! The plan should pay on your total
volume, not on a specific number of levels, or stop after a set depth.
Does it pay part-timers? How much money do you make on a retail sale?
7% and under will kill you!! There is a simple formula that will show
you exactly how many people you need in your organization to make your
desired monthly income;
How much money do you make per person, per spot, and divide that by
your desired monthly income! That simple formula will give you the
exact amount of people you will need in your organization to make your
money! Once you get your amount look at it and ask yourself," Is it
possible for me to sponsor, teach and retain this many people?"
Know your Compensation Plan, what type is it? What are the pros and
cons of this type compensation plan?
Pillar 5. Systems for Success! It is absolutely crucial to have a
duplicatable system in place. People are NOT duplicatible! Systems
are! The new Distributor will ask themselves, "Can I do this? and can
you help me?" Network Marketing is NOT a sales business, it is a
relationship business! People join people, they do NOT join companies!
That's it folks! As simple as that. Keep in mind that I am a mentor,
if you are trying to find a real, legitimate company to join that you
want to build BIG, Build once, and Build to pay your children's
children! Contact me and I will help you! FREE of charge! or download
my Success Ebook and educate yourself!
On Tue, May 27, 2008 at 5:48 PM, Dave Daley
609-870-9677
Reader Feedback
ronthecamman wrote...
Dave with all I thought that would work if I would buckle down and get it going got me no where I really didn't know just what a good business model was. The five pillars has given me the chance to change all that. The Five Pillars is a must for any one who wants to grow a successful business. Good job getting the info out.
Posted June 06, 2008
ronthecamman wrote...
Dave with all I thought that would work if I would buckle down and get it going got me no where I really didn't know just what a good business model was. The five pillars has given me the chance to change all that. The Five Pillars is a must for any one who wants to grow a successful business. Good job getting the info out.
Posted June 06, 2008
MentorKyle wrote...
You are so right Dave !!! The five pillars training changed my business and my life.... Almost all of us joined the person that introduced us to this industry and even though I thought I understood what I was reading and learning - this training could have saved me over two years of failure and frustration. I'm so glad i've found it and glad you are helping others do the same...
Posted May 27, 2008
