There are several work at home business options; one of which is the mlm or network marketing model. Even though the industry is a $31 billion dollar industry, mlm is beset by an image problem. Let’s take a look at an mlm home based business work from home opportunity to see that it’s a viable option for you to earn money from home, which I guess is the main reason you’re reading this. Article.
About MLM
Direct Selling or MLM or Network Marketing (you choose whichever name you prefer) is a business model that provides business opportunities for individuals as independent contractors to market and/or sell products and services, usually outside of a fixed retail location, through through one-on-one sales, in-home or online product demonstrations. Compensation is ultimately based on sales and can be earned based on personal sales and/or the sales of others in your sales organizations.
Direct sellers may be called distributors, representatives, consultants, or various other titles. They can participate in a variety of ways, including selling products themselves or through their sales organizations, providing training and leadership to their sales organizations, referring customers to the company, and purchasing products and services for personal use.
MLM companies
There are thousands of companies operating under this model. Some are country-specific (eg, Malaysia only), while others embark on a global expansion, reaching many countries (eg, Herbalife is present in more than 80 countries).
When choosing a MLM home based business work from home chance, size might be a criteria you’d like to see. The DSA (Direct Selling Association) recently released the top 20 companies in the US (alphabetical order)
- AdvoCare International, L.P.
- power scope
- Amway
- Arbonne International, LLC
- avon products, inc.
- CUTCO/Vector Marketing Corp.
- herbalife
- Isagenix
- LifeVantage Corporation
- mary kay inc.
- Melaleuca, Inc.
- Nu Skin Companies
- the pampered chef
- Scentsy, Inc.
- Stampin’ Up!
- power stream
- Take Shape for Life – Medifast
- Team Beachbody
- thirty one gifts
- USANA Health Sciences, Inc.
In addition to size, these companies have longevity, especially Amway since 1959.
MLM products
MLM companies offer a variety of products from health, technology, beauty, legal services, energy and much more. Here is a product for everyone to market. Although I think it is preferable to market a product that is consumable, there are success stories in all companies. You choose which product you prefer to market.
MLM Compensation Plans
There are numerous ways that a distributor is compensated in a network marketing company. These plans include Unilever, Breakaway, Matrix, Binary and a hybrid of some of these plans. To better understand these plans, please refer to this post http://mlminsider.com/main.php?/compensation_plans
Can you make money?
Most people won’t. That is not the fault of the company or the products because within each company there are thousands of success stories; income and product testimonials. To improve your chances of success in mlm home based business work from home, here are 3 simple rules to improve your chances:
- Choose a company and stay. Choose a company based on your own product preferences, size, location, etc. and decide to stay with that company until it is successful. Too many people are lured into a new option and leave only to find out that their new business isn’t working and maybe they are the reason for its failure and not the company or its products. If you look at the top earners in the industry, you’ll find that most have been with their company for a long time. Remember the story of the tortoise and the hare. MLM success is the same.
- Talk to people. While there are many ways to connect with people (email, social media, advertising, etc.), those who are most successful in the industry talk to their prospects. There is no escape. The rest is just avoidance behavior.
- Be an advocate for the company; Use the products. You need to believe 110% in your company and in the industry. You will be bombarded with words like ‘scam’, ‘pyramid scheme’ and ‘is this Amway’. If you don’t have 100% conviction, you will fail and you won’t succeed. A personal way to gain conviction or belief is to use your company’s products and get a result. No one can take that success away from you. If you need to boost your belief in the network marketing industry, check out the Evolution of Network Marketing on YouTube.
A work from home MLM home based business opportunity can be a viable option for you to quit your job and earn money from home. The success of which depends 100% on you.
