There are a few things I have learned since failing in 6 or 7 different online and MLM business opportunities that I wish I would have known earlier. Let me share 5 of those little known facts that most uplines won’t tell you, mainly because they don’t know.
It is important to know, that there are only a few things that people need to be skilled at to successfully build an MLM business, but unfortunately they don’t get trained in these areas unless someone tells them to. I want to be a person to open such boundaries.
5 Big Tips for Your MLM Business
1. Focus on sales. If you are below $1 million in commissions, you need to focus on sales, not designing your impressive logo but getting sales in the door. One way to help this is to have a solid daily routine.
2. Invest in your people and sales skills. This is the most important skill you can have when your MLM business is under $1 million in profits a year. And to make sales you need to have the ability to sponsor people. To me the biggest obstacle and misunderstanding for a majority of MLM builders is not understanding that people don’t actually want an MLM business, they want their problems solved. People don’t want an MLM business, they want time and financial freedom.
3. Get around the people that have the lifestyle you want, and don’t (yes DON’T) listen to the opinions of those that don’t. Your sister-in-law thinks you are in a pyramid scheme but his lifestyle sucks? Don’t listen to her. Your upline that makes a ton of money, travels all the time and has the lifestyle you want suggest something?
4. Track your expenses from the very beginning. Most of the time early network marketers do not do the best job of this but the reality is almost everyone keeps more money by simply being in an MLM business than not due to the tax benefits.
5. And final tip should be this one: MLM should be your business, not your hobby. Always treat it like a business and give it the respect it deserves to grow into something huge. This way no one person can ever make you doubt this industry just like no one person could make you doubt a million dollar business you are building. To your success!