Why MLM Network Marketing-
Small Amount of Risk: There is a certain amount of inherited risk involved when one becomes an entrepreneur. People are threatened with high amount of risk, losing money, wasting time etc.
Most of usdoesnot come out of our comfort zone, in term of risk taking. We want safe & clear way to earn money.
The advantage of starting an MLM Program is that there is a small risk to get started. With a couple of thousand rupees, it is possible to get started with a company of your choice, marketing products that you consume already. The amount of financial commitment is insignificant compared to that of traditional business.
Residual Income: The greatest advantage of an MLM Program is that it gives you an opportunity to enjoy residual income. Every one wants to earn that extra income which is possible in MLM business.When the initial effort of getting a new customer is completed, you can enjoy the residual part of that business relationship.
Potentiality of Income: The typical 9 to 5 corporate job is bounded in term of potential income. There is a cap on income as it associate with market standard.In an MLM Program, that’s not the case. It is up to you to decide how much you want to earn. An MLM company doesn’t hold you back in the same way the corporate environment does.
Helping Other Succeed: Network marketing is one of only a few businesses that offer the most prosperity to those who help others achieve prosperity. MLM distributors share their business opportunity with others and develop teams called down lines. The MLM company pays bonuses to distributors based on their sales along with the sales of those in their downlines, and their downlines can continue through multiple levels, with each level growing wider. This helps others to get succeed.
Global Reach: A network marketing business can be operated globally. This is made possible by the internet. Many network marketing companies allow their distributors to sponsor people in other countries around the world.
Freedom: In a typical 9 to 5 job, one has to sell the time for given income. You are not free to come as you want. Your employer determines when you should work. Network marketing on the other hand remove these hurdles.
Wear Many Hats at a Time: Being your own boss gives you the opportunity to wear many hat at a time. Strategist, business development manager, sales director, marketing professional, and more. This gives you insight into and experience with all the aspects of running a business, which, in turn, makes you even more successful and marketable.
Why not? – In recent time lots has been written about MLM disadvantages/Scam/Fraud etc. Now the question arises why lots of MLM business failed miserably. Is there any particular reason or something erroneous associated with MLM business. After so much consideration let us put forward why not MLM Network Marketing.
Lack of Training: If you are unteachable or are not willing to invest in your self growth you will fail. MLM business requires training in term of operation of different module etc. Lack of training futile the very objective.
Trying Any & Every Program and Never Committing to any of them. It takes times to build a business, and one just can not quit and try something new because it did not work the first few times they tried it. This led to failure of MLM plan.
People want to earn money, fed up with their 9 to 5 job/ Investor with no relevant experience as such, open a MLM company, anyone regardless of financial strength or business acumen or experience can set up and launch a multi level marketing company
In other words, unfortunately, many of MLM companies are begun with an unrealistically small amount of capital, much ambition and zeal, but with little management background, education, training, skill, and experience thus failed. If anyone lacks these skills then not try the MLM.
Lack of Product Mix: Most MLM firms do not have the proper product mix and/or have products with the wrong markup ratio to pay to compensation plans. Lack of product mix result in less sale & eventually problem to distribute compensation.
Complicated Compensation Plan: Most compensation plans are too complicated, and do not pay the right people the right money at the right time. This led to dissatisfaction among members resulted in dooms of MLM business. Do not start MLM business if your compensation plan is not suitable.
It can be concluded that it is not the MLM that is bane or problematic it is just lack of business potential and vision along with as discussed being ‘last frontier’ create hurdle in road of MLM Network marketing. No one can deny that network marketing/MLM is a great opportunity for people to have their first business, their first sales role, etc. My point is this recognizes it for what it is: it’s a business, and you are a business owner. And if you have never owned a business before, if you’ve never done sales before, if one has never networked before, they need to learn about how to do so, not just from the network marketing/MLM experts, but from established experts in those fields.