How to start working and make money in multi-level marketing or MLM
There are a lot of companies that operate in the market using the direct sales method. They were not born today, there are those who are more than half a century old and they successfully develop their business on the basis of the concept – products from the manufacturer directly to the buyer when communicating directly with the distributor. This method of implementation is called network marketing or multi-level marketing – MLM.
The current opinion that you cannot earn much money in this business is absolutely wrong. You can earn a lot, and not very much, and quite a bit. It all depends on how you work.
How to start working in MLM?
If you decide to try to make money, then start not immediately with connecting to the network, but with an acquaintance with the company. A sure sign of the right choice is the long term presence of the corporation in the market, its fame, products that are in demand among the population. If all these three components are assessed positively by you, then it is imperative to get to a seminar or a meeting organized in your city by independent partners developing a network.
At such meetings, you will be introduced to plan marketing and will tell you how you will earn money, what you need to do to do this, and how much to invest in the initial package of materials and products. The fact that you need start-up money for this should not scare you, because any business requires investments, network marketing in this regard is different in that investments are the most modest, and you can return them in one month and make money on it.
What is the principle of earnings in MLM
For those who know how and love to trade, the principle of earnings is that you buy products from the company at a discount of 30% and sell it at a retail mark-up, and these 30% remain in your pocket. Do not be afraid of those who do not want to trade! So this option is not for you, choose another way – build a network.
Building a structure in network marketing is the most difficult. You need to communicate with people, learn how to read a marketing plan, work with a large list of all your relatives and friends, and convince everyone of the benefits of the business you started. In the case of such a business, you can take products for your needs, for gifts, and you will earn from the turnover that your partners will do. At the first stage, when you still have a small group, it can be 3% of their sales, plus a bonus return for your personal purchases, then 6 – 9 – 12 -15 – 18 – 21%. When you reach a high level of 21%, a completely different life will begin, because you will earn much more than your working girlfriends and friends. In many companies, growth occurs in this way, the differences, of course, can be, but not so fundamental.
If in your group over time partners reach the same high level, then for each such structure, you will receive additional income or a premium. The more you bring up successful partners who get to the top, the more the company will pay you premiums. This well-deserved reward can be complemented by premium cars, trips to seminars abroad, vouchers for two persons from the company. Each corporation develops its own rewards system and, believe me, you will like them.
MLM is not a pyramid!
Network marketing by unknowing people is called a pyramid. Do not believe it. What is the pyramid, if you invest money and get products for them, on which you can earn? It is to earn, and not to receive the promised fabulous interest on the invested capital, while not doing anything. If you are told that you don’t have to do anything, carry money, and we will take care of them and after a while we will return twice as much, don’t believe it – these are fraudsters.
Multilevel MLM marketing is a serious and creative work, it will require a lot of effort from you if you want to get financial independence. If you only need three thousand supplement to the salary or pension, then you will have to sell products, that is, everything will be reduced to the usual commercial margin. But there is no cheating in it, even on these small earnings.