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Atricle Dump - The Truth About MLM... Home Based Business
Team Building Lessons from the Modern Cave Man - Part 1 esses. How many people do you have to talk to to sponsor one person? How much time does that cost you? What is the ultimate value of a new downline member. Is it even worth it?In the beginning…The caveman needed to survive. Man found safety in groups. It was not a matter of preference, it was a matter of necessity. If you were not a part of a group, your chances for survival were slim. Conformity to the majority became necessary to stay in a group and physical strength was the dominant factor for group leadership. Those who were strong and successful in the art of surviva 4. Running the business like a Ministry. Let me give you an example of this... I recently was talking with a prospect that had a "potion" that he was convinced that cured all kinds of health ailments. Now I don't know wheter it did or not, that is not the po Why Do We Call These People Black Belts? I don't know if anyone has ever told you that before, but if you look at some statistics (google it) you will find out the truth.Many are surprised that Six Sigma refers to their trained experts as “Belts.” There are Green Belts and Black Belts in Six Sigma, referring to a level of training they have achieved. The term Black Belt is not an empty buzzword nor is it a mockery of organized martial arts. Comparing a Six Sigma Black Belt and Martial Arts Black Belt is a revealing exercise.Just like in martial arts, to obtain a Bl Now, don't get me wrong, I love MLM. I get checks every month from several different companies that I am involved with. I have noticed a few things that can help you really evaluate your business, or a business that you are considering getting involved with.. Here they are.. 1. Denial Most people involved in MLM are losing Money. This is a simple fact. What's not simple is that people will justify as to why they are spending more money than they are making. I call this MLM Denial. If you are spending more money than you are making on your MLM, your MLM is a failure. Now of course their are advertising expenses, start up expenses, learning curve expenses, but if you are not being profitable on the "front end" of your business, you will never be profitable on the "back end" Why would you run a business at a loss? How long would you run a business at a loss? 2. Duplication What your upline does, may not be working for them, why would you duplicate that? Many people get involved and then try to do the exact same thing that their upline just did to attract them into the business. This sound reasonable right? Problem is it isn't duplicatable. I recently heard of a person that sponsored someone by posting a craigslist ad. Now if everyone in MLM posted a craigslist ad, how would that be effective? It simply wouldn't. Maybe your upline is effective at the friends and family thing. Maybe you don't have the same skills. Maybe your upline has a lead generation system that you can't duplicate. 3. The Numbers Most people don't know the metrixs or the numbers of their businesses. How many people do you have to talk to to sponsor one person? How much time does that cost you? What is the ultimate value of a new downline member. Is it even worth it? 4. Running the business like a Ministry. Let me give you an example of this... I recently was talking with a prospect that had a "potion" that he was convinced that cured all kinds of health ailments. Now I don't know wheter it did or not, that is not the poi Xpressions Displays ost people involved in MLM are losing Money. This is a simple fact. What's not simple is that people will justify as to why they are spending more money than they are making. I call this MLM Denial. If you are spending more money than you are making on your MLM, your MLM is a failure.One of the newest and most innovative trade show displays on the market is the Xpressions Display. The Xpressions display is essentially a popup display with dye-sub graphics stretched at all angles across the frame of the exhibit. This style allows graphics to be easily interchanged to give your company a fresh look at your next show.Many dye-sub graphics are machine-washable, which means that you Now of course their are advertising expenses, start up expenses, learning curve expenses, but if you are not being profitable on the "front end" of your business, you will never be profitable on the "back end" Why would you run a business at a loss? How long would you run a business at a loss? 2. Duplication What your upline does, may not be working for them, why would you duplicate that? Many people get involved and then try to do the exact same thing that their upline just did to attract them into the business. This sound reasonable right? Problem is it isn't duplicatable. I recently heard of a person that sponsored someone by posting a craigslist ad. Now if everyone in MLM posted a craigslist ad, how would that be effective? It simply wouldn't. Maybe your upline is effective at the friends and family thing. Maybe you don't have the same skills. Maybe your upline has a lead generation system that you can't duplicate. 3. The Numbers Most people don't know the metrixs or the numbers of their businesses. How many people do you have to talk to to sponsor one person? How much time does that cost you? What is the ultimate value of a new downline member. Is it even worth it? 4. Running the business like a Ministry. Let me give you an example of this... I recently was talking with a prospect that had a "potion" that he was convinced that cured all kinds of health ailments. Now I don't know wheter it did or not, that is not the po Successful Entrepreneurs: Do You Have The Characteristics Needed? siness, you will never be profitable on the "back end"Successful entrepreneurs in virtual IT have a certain set of personality traits and characteristics. Without these attributes, the chances of becoming a successful entrepreneur in this business are limited.Characteristics of Successful Entrepreneurs A successful entrepreneur is someone who organizes a business venture and assumes the risk for it.Successful entrepreneurs in virtual IT have m Why would you run a business at a loss? How long would you run a business at a loss? 2. Duplication What your upline does, may not be working for them, why would you duplicate that? Many people get involved and then try to do the exact same thing that their upline just did to attract them into the business. This sound reasonable right? Problem is it isn't duplicatable. I recently heard of a person that sponsored someone by posting a craigslist ad. Now if everyone in MLM posted a craigslist ad, how would that be effective? It simply wouldn't. Maybe your upline is effective at the friends and family thing. Maybe you don't have the same skills. Maybe your upline has a lead generation system that you can't duplicate. 3. The Numbers Most people don't know the metrixs or the numbers of their businesses. How many people do you have to talk to to sponsor one person? How much time does that cost you? What is the ultimate value of a new downline member. Is it even worth it? 4. Running the business like a Ministry. Let me give you an example of this... I recently was talking with a prospect that had a "potion" that he was convinced that cured all kinds of health ailments. Now I don't know wheter it did or not, that is not the po Why Avoiding Human Resources is the Only Way to Land a Pharmaceutical Sales Job le. I recently heard of a person that sponsored someone by posting a craigslist ad. Now if everyone in MLM posted a craigslist ad, how would that be effective? It simply wouldn't. Maybe your upline is effective at the friends and family thing. Maybe you don't have the same skills. Maybe your upline has a lead generation system that you can't duplicate.One of the best business analogies I’ve ever heard compares businesses to boats.Small businesses are like small boats. The have the luxury of being quick to respond, controlled by just a handful of people, and communication is as simple as turning over your shoulder and saying, “Land ho!” On the other hand, they don’t have some of the luxuries that big businesses have. Big boats [businesses] are pow 3. The Numbers Most people don't know the metrixs or the numbers of their businesses. How many people do you have to talk to to sponsor one person? How much time does that cost you? What is the ultimate value of a new downline member. Is it even worth it? 4. Running the business like a Ministry. Let me give you an example of this... I recently was talking with a prospect that had a "potion" that he was convinced that cured all kinds of health ailments. Now I don't know wheter it did or not, that is not the po Finding Roadblocks in the Critical Path esses. How many people do you have to talk to to sponsor one person? How much time does that cost you? What is the ultimate value of a new downline member. Is it even worth it?Most projects are composed of multiple steps, and often these steps are performed by more than one person. In the art/science of scheduling for project management, these steps are called activities.When an activity is completed, it is said to have attained its milestone. One might simplistically think of a project as a succession of activities which, laid end-to-end, eventually complete the project. 4. Running the business like a Ministry. Let me give you an example of this... I recently was talking with a prospect that had a "potion" that he was convinced that cured all kinds of health ailments. Now I don't know wheter it did or not, that is not the point of this conversation, but I believed that he believed. He made about 10.00 per bottle when he sold this stuff. He was spending a lot of time running around delivering these bottles, giving away free samples, and trying to sponsor people into his downline. He was convinced that he was doing these people a huge favor by telling them about this product. Problem was he was actually operating his business at a loss. His net per hour was actually -.52 per hour(including gas and drive time) This is what I call a "Ministry Operation" He is not doing this because he wants to make money. He is doing it because he thinks he is "saving the world" Of course this is a noble cause... but let's not get running a ministry confused with building an mlm empire. Take a moment and evaluate your business. Are you running it like a business or like a ministry. Are you out of denial, and paying attention to the 'numbers' of your business? As always we would love to hear your questions, comments and concerns.
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