Archive for the ‘Network Marketing’ Category

July 31st, 2023

What Are the Recent Shifts in MLM?

by Rahimah Sultan





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If you’re marketing online, you see daily advertising for MLMs. You may be thinking about signing up for one of the programs.

So, what are the recent shifts in MLM?

There are low-cost products, a simple recruiting system, and a high percentage of affiliate products.

Although pyramid schemes resemble MLMs, MLM is a legitimate money-making business model. So, what are the differences?


Pyramid Schemes vs. MLM

Both operate with the same structure, although it comes down to sales versus recruitment in the compensation plan.

The FTC (Federal Trade Commission) states that MLM will pay you based on your sales to retail customers, without having to recruit new distributors. A pyramid scheme relies on the continuous recruitment of dues-paying members to keep afloat, even if members are required to continue buying the products they may not be able to sell.

After doing your due diligence, you might want to consider other ways to bring in income instead.



What is MLM?


MLM (Multi-level marketing), also known as direct selling and network marketing, is a business model for selling products directly to purchasers using independent sales representatives.

Usually, MLMs have a detailed compensation plan that outlines exactly how these upline and downline relationships work and how distributors get compensated. These plans explain recruiting and sales commissions, and they define requirements members must meet to be eligible for compensation. These are usually expressed in minimum sales targets and numbers of new recruits.

There are hundreds of the old MLM companies still around and many people are still making money from them. That’s because they signed up when those were startups, within the first two or three years after they launched.


So, again, what are the recent shifts in MLM? Check out the current best MLMs.



What are the current best MLMs?


If you want to go ahead with MLM, the following are touted as the best five new companies for 2023-2024.


1. LIVEGOOD

LiveGood is one of the fastest growing. Their products include CBD supplements, dietary supplements, and beauty products.


2. APL GO

They carry lozenges and drops with propriety health benefits. It is a Acumullit SA technology that is revolutionizing the wellness industry.

For motivation, they have travels, promotions and motivating events, technology that is one of a kind and exclusive for their products, six options for starting your business, and 15 kinds of bonuses.

They also have 24/7 support and a step-by-step plan and a nice website, webinars, videos, etc.


3. PAWTREE

Although Paw Tree which has been around since 2018, got off to a slow start, it has been making up time.

They obviously offer pet supplies for cats and dogs. There’s a full line of supplies plus supplements.


4. IX GLOBAL

This is a learning-based MLM. They are leveraging today’s most addictive trends such as health, productivity, fitness, spirituality, etc.

You get training, from the top experts in the area that most interests you, from brilliant minds who know how to encourage and impact. You’ll see speakers from all different global stages.


5. IGENIUS

This MLM is about financial markets and investing practices. You’ll get an education and tools for cryptocurrency equity and forex markets. There’s live training and market research provided by experts and it’s easy to follow along.

You should just watch this one for two or three years before jumping into this network marketing business.



In summary, research indicates that older MLMs are not so profitable and not the way to go.

When considering an MLM company, remember the low-cost products, simple recruiting systems, and the high percentage of affiliate products in recent MLMs.

Most importantly, you should get in during the first 2-3 years.



Before getting into MLM, explore your own strengths and what needed service you can provide to others. There are inexpensive ways to start and you can create a very sustainable and ethical income avenue without the headache of a garage full of products you can’t get rid of.



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May 14th, 2020

MLM: Is It Legitimate?



by Rahimah Sultan









Multi-level marketing is called many things: network marketing (most common), direct sales, affiliate marketing, referral marketing, dual-level marketing, consumer-direct marketing, home-based business franchising, home-based business opportunity, and inline marketing.

But, using one of these terms to define a business DOES NOT automatically make it an MLM.

Multi-level marketing companies basically promise a chance to leave your 9-5 job, be your own boss, make lots of money and to make new friends in the process. The ongoing debate is whether these companies and programs are legitimate business opportunities.

According to Wikipedia Multi-level marketing (MLM) is a marketing strategy in which the sales force is compensated not only for sales they generate, but also for the sales of the other salespeople that they recruit. This recruited sales force is referred to as the participant’s “downline”, and can provide multiple levels of compensation. Most commonly, the salespeople are expected to sell products directly to consumers by means of relationship referrals and word of mouth marketing. Some people use direct selling as a synonym for MLM, although MLM is only one type of direct selling.

So, due diligence is required before joining any of these programs.

Here is a great article on MLM.

This post includes an updated 2020 list of the top MLM companies in the US and international ones.


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February 4th, 2018

MLM: Network Marketing Traps

by Rahimah Sultan

photo from blog

 

As you advance in your MLM business, there are three phases you’ll encounter, and each can be a trap.

 

The first is introverting which occurs at the beginning of your network marketing career. At this point you’re very afraid and studying scripts. You’re so focused on getting the words correct that you don’t communicate the concept to prospects. You must get passed focusing on what others think about you.

 

To get passed this, practice what you’re going to say over and over BEFORE getting in front of a live person, focus all your attention on the prospect, and have so much activity going on that you don’t have time to focus on your fears.

 

Second is doing it all. You sponsor so many people that you begin to feel no one else is doing any work or you wonder how to motivate your downline or you feel as though you’re sponsoring “duds.”

 

You have to have the patience to train the people you sponsor. You can’t do it for them. Don’t stop training your distributors until they can properly train their distributors.

 

Third is getting in the rut of making enough money to keep you going, although it’s not the money you dream of making.

 

Read The Three Booby Traps of Network Marketing

 

 

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