Common MLM Myth Exposed
August 26, 2008 | By Monika Mundell | 1 Comment »
I was talking to a friend the other day. She mentioned that she joined yet another mlm company. One that would pay her a lot of money if she sponsored a lot of people into their own business.
Funny enough I looked into this company about 6 months ago when another mutual friend of us both joined same company. After the initial excitement about the possible pay I soon realized that the company is nothing but a cleverly disguised pyramid scheme and bound to crash eventually.
But my friend got blinded by the promise of money – in fact a lot of money. So much money that one person I know has already earned $700,000 this year alone. She hasn’t even been a year with the company. Before she joined this company she was a distributor in the same mlm target="_blank" rel="nofollow" href="http://gobala.linktrackr.com/attractionmarketing-mlmrkeywords">mlm I was part of.
What happened in the meantime is great for her but exactly the reason why so many people rush to sign up with an mlm company.
It’s the common misconception of mlm!
People don’t realize that this women had brought a whole lot of people with her when she moved companies. Because she was quite a leader in the first company there was no lack of willing people when the transferred over which of course grew her organization in massive compound effects.
That is the reason why she made so much money already this year and nothing else. And that is exactly the reason why so many mlm leaders experience this so called overnight success. Unless a person has a huge following and contact list of willing people, the success will take a lot longer if all.
What do you think? Have you ever been blinded by a success story thinking you can repeat it with ease, only to find out you can’t?
Tags: common mlm myths exposed, exposing mlm myths, mlm, mlm myths
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I too was once “Blinded by the bright lights” of dollars. Got in several thousand of stocks. Fortunately have friends and family members who helped me consume them else I won’t know what to do with the tons of stocks.
Many don’t realize that MLM is still another form of business. You still need to produce sales, either personally or through your network, hence why MLM is also known as “Network Marketing”.
And like any other business, there always will be risk. However you can minimize it, by starting out small initially.
As your confidence and your network starts to expand, that’s the time to figure whether it’s worth your effort to top-up your investments.
Don’t make the mistake of diving into the deepest part of the ocean without a life jacket or even knowing how to swim. Learning to swim by getting drowned is simply suicide.
Familiarize, Learn, Experience it first hand by doing the business by sharing it from your heart.
And just like riding a bike, once you get your balance and momentum you’ll know how to move forward in your MLM business.