You want to get rich now. There are so many opportunities around you that you are not sure where to start. Then someone offers you a business card and invites you to a Seminar.
Do you go or stay?
Why Am I Writing This
I recently received an email from one of my readers asking me about my thoughts on Multi Level Marketing.
I decided to write this article so that I can not only answer his question, but offer my thoughts to you as well.
The information in this article will tell you the pros and cons of Multi Level Marketing by offering an honest opinion.
I Was Involved In Multi Level Marketing
For those who do not know, I was involved in Multi Level Marketing and saw success.
At my height I had an organization of over 200 people.
For a short time some of my people were the top sales people in our Region.
After I stopped being involved with the one company I ended up trying out another company, but I kept having these small gut feelings telling me to go on to better things.
I was trying to build my own brand but couldn’t get it to fit into Multi Level Marketing.
The Final Straw
The final straw came when I realized that I made more money at my Grocery Store job than I did with Multi Level Marketing.
Don’t get me wrong there were times where I would make $400 in a day, but the amount of work I had to do meant a low ROI.
With a standard job you know that if you work X hours then you will make XXX.
When it comes to Multi Level Marketing you could work XXX hours and only make X.
You have to set up meetings, bring people to seminars, and do 2 hour-long conference calls.
The system works because there is strength in numbers.
We humans like to be a part of something bigger than ourselves so in Multi Level Marketing they fill this need.
You will get guilted for not coming to every event.
Leave Your 9-5 And Become A “Business Owner
One thing that got me into Multi Level Marketing was being told it was the easiest way to start your own business.
They sold me on how Multi Level Marketing was one of the lowest startup businesses you could have.
They told me about all of the money you can make, bonus checks, and that I could drive my own BMW.
At 18 years old I couldn’t believe this existed.
I knew that something wasn’t right about the 9-5.
I had also been interested in business for years.
So to say the least I was sold.
I Paid My “Startup” Cost And Got To Work
My initial investment was a little over $250.
At the time that was an enormous amount of money.
When I finally got my business license and business kit I was super excited.
I felt as if I could finally have a legit business.
They told me to write a list of 10 people who I knew.
That list was going to be the foundation of my business I was told.
I called every person on my list.
At the end of it I was able to sell 3 memberships.
I also recruited my first person into my sales team.
The feeling that I got from getting my first team member was almost like taking MDMA.
I felt on top of the world.
Like I could do anything.
My First $350 From Multi Level Marketing
The first time I got a decent check, I made $350.
That check made me go farther down the Rabbit hole.
My Dad had told me that I would never make any money from Multi Level Marketing.
Well I made $350 so I lost belief in what he said about Multi Level Marketing.
I thought, “Maybe this Multi Level Marketing thing isn’t a scam”.
Find Your Prospects And Making The Sale
In Multi Level Marketing they hammer into your head the following:
3-Way Call With Up-line
Get To Event
If you are good you can get them to sign up at step 2.
This is the System that they want you to follow.
Your Up-line will pound this into your brain countless times.
If you don’t know this your Up-line is basically your team leader.
Generally your Up-line will be the person who brought you into the business.
Without The System Your Business Will Fail
When you first get involved you will have tons of ideas flowing into your head about how to market your offer.
As with most things you should not reinvent the wheel.
The secret to success in Multi Level Marketing is in following the system, training your people to follow it, and keep duplicating it.
If you look at the top earners they all follow the system.
(Fun Fact: Most of the top earners in Multi Level Marketing companies have paid positions. Which means your company placed them in their position to add to the illusion of success. The top earners usually have a following and successful track record. This doesn’t mean that they didn’t work their butt off, but do not give into the illusion.)
When I was into Multi Level Marketing the guys in my team that made the most money always followed the system.
The guys who tried to reinvent the wheel failed 99% of the time.
Multi Level Marketing is a business where you must follow the system while also standing out from the crowd.
Multi Level Marketing Or Nah
If you would have asked me several years ago if you should get into Multi Level Marketing I would have said, “Here is my card.”
Now that I have experienced real business and grown up, I would say, “You can learn Entrepreneur Skills, but I can show you a better way.”
Multi Level Marketing gave me great skills when it came to leadership, speaking to random people, and showed me how predictable humans are.
But my advice to my fellow young readers is to save your money and not get into Multi Level Marketing.
If you get into Multi Level Marketing you will find yourself working long hours for little pay.
You really can make more money working a 9-5 than you will from Multi Level Marketing.
To make any real income from Multi Level Marketing you must work 70 hours a week.
Or get a paid position which is unlikely to happen.
You can make money, but only if you lose your soul.
(Fun Fact: If you still want to give Multi Level Marketing a try, think outside of the box. Instead of wasting your time on building your list, take your focus online, and take your business to groups. Present your opportunity to a group instead of individuals.)
Is Multi Level Marketing A Real Business
As I said above they try to sell you on how Multi Level Marketing is your very own business.
They are half right.
Multi Level Marketing is a business, but not your own business.
When you get into Multi Level Marketing you are becoming a sales person for a sales company.
Instead of having your own business you are creating a sales organization.
If you truly believe you have your own business, then you need to slap yourself in the face.
The only people who actually have a business in this model are the Owners.
You are nothing but a sales person in the Multi Level Marketing business model.
Do not be fooled by their very systematic indoctrination.
Their system works because it is based on human emotion.
Everything from Events to Conference Calls are all designed to keep you hooked.
I’m Young What Should I do
You are young and want the world.
I understand that as I am in the same boat.
There are more opportunities than you know what to do with.