Many people are blinded by all the benefits of an MLM when determining if this type of business is right for them. You dont need to have a college degree or any experience to get into the industry. The products are already manufactured and are usually shipped by the company directly to your customers. Plus, you choose your hours and your work location. In fact, many people with an MLM business work from home.
Other benefits of MLM include that your income is leverage, so you continue earning commissions on a single effort. You do not need to come up with your own business or marketing plan, because the company does it for you. Also, recruiting and training systems are provided for you by the company.
Despite the numerous benefits, MLM businesses do come with some downfalls. For instance, you usually start of marketing to family and friends. This can create some friction and alienation, especially among people who are more acquaintances than close friends and family. The work is selling, so you need to have a pretty strong backbone, as many people will tell you, no. Therefore, it takes a lot of effort and motivation. In order to make the most potential income, you need to continuously recruit new representatives. Plus, many MLM businesses require that you purchase a certain amount of product each month or quarter, adding in a financial commitment.
So weighing out the good and bad, is MLM for you? Well, if you are a self-starter with a lot of energy and motivation then it is a good start. If you have leadership skills and can set goals and meet them, then MLM might be for you, too. MLM people have great people skills and are self-starters. They have strong powers of persuasion and can influence people easily. They also have an ability to guide and encourage others to work the program.
Read the rest of the article here: MLM – The Good, The Bad, and Your Home Based Business.
Download the Free Quick Start Workbook (Free $97 Value!) and receive valuable tips, strategies and techniques designed to grow a very successful Home Based Business.
Copyright © Charles Fuchs is an established Six Figure Income earner and one of the top online marketer’s. He specializes in showing people the Best Home Based Business and the Best MLM on the internet.