There are common misconception prevail in regards of the Network Business. People take MLM business quite negatively. And most of them posses little or no credibility. Lt’s check out these 5 myth busting facts about the MLM business.
We all know about Network Marketing or the Multilevel Marketing (MLM) business – at least have an idea. At some point in our life, we get invitations from our circle (Relatives, Friends, Known people), to attend a seminar or discussion. When we reach there we see what the thing is all about – It’s MLM business plan. The main reason behind the invitation is to motivate the person to join them, part of their team to sell some products.
This is what we see and feel it’s a kind of scam. I personally got several invitations, and attended some of it. I also joined Oriflame quite a long time ago. But I didn’t liked that idea of selling products very much at that time. Most of us really don’t like joining a MLM business and feel negative about it.
Until I came to work with a Multi National Software Company, who sell advanced MLM Software to all the MLM business owners. I had to know all about the things about these kind of business. After a lots of research on the internet, I came to know that It’s not that bad what I thought about it. My views about MLM business changed very much (not completely).
So I decided to show you some true facts about the MLM business. I personally have no intention to make you join such business. It’s up to you. But you can see these below mentioned facts and get amazed.
MLM Business is a Scam : The first and foremost misconception about the MLM business is – MLM is scam!!! Most of us think that way. But it’s not entirely true. Companies deploy MLM tactics to sell their products directly to the customers via new representatives. The more people will join, the more sales it can generate. Instead of paying monthly salary, you’re paying them the commissions generated from their sales. Does it look like scam?
You heard about Amway, Avon, Oriflame, Modicare like companies. All of them sell certain type of consumer products. Can you see scams in there?
Only the Top Position Holder Can make money : And here comes the common misconception number 2. If you can join any MLM Network at the early stage, only then you’ll have the chance to make good money! This is not the truth. The earning potential is completely depending on each and every individual joins the Network. If you can sell, you’ll earn; If you can build a good team, you’ll earn. You can’t make money just by joining it at an early stage and do nothing. It’s all about the efforts and dedication.
MLM Doesn’t work : It is not just a myth, but also an excuse! We make these kind of excuses to get rid of our networker friends/relatives. But let me show you some statistics.
In the year 2018, we witnessed $192.9 billion revenue generated by MLM business, worldwide. Can you believe that? Here is a statistical chart of the Global MLM business from 2018.
Although India is out of the picture for now, it has a good future in here. As per FICCI-KPMG, India’s MLM business could touch ¹ 64,500 crore.
MLM can’t make you rich : Well, the MLM Industry has generated most millionaires as compared to other industries. Only in Network Marketing business, you can grow faster. Although not everyone get success in here. As per the statistics, only 2-10% people get rich in this business. And the focus shouldn’t be to get rich. Hard work, dedication, effort is the key to success in here.
It’ll get saturated : You must thought that one day you may not able to get any new member to recruit for your team. Because the numbers of the humans in Earth not unlimited. Such a common misconception.
Take an example. Nowadays everyone has TV. But still the TV companies making them in large numbers. Now everyone own a Smartphone. Tell me, how many mobile companies shut down their manufacturing units. They are selling their products pretty comfortably.
Lastly I am quoting Mr. Bill Gates who is the owner of Microsoft. He said “If I would be given a chance to start all over again, I would choose Network Marketing.” Is this enough?
If not, then I am quoting Mr. Mark Zukerberg too, the owner of the Facebook. Once he was asked, what he’ll do if all his money gone one day and need to start all over again. He replied “That’s quite simple. I’ll start doing Network Marketing. I’ll purchase a good product and then refer it to the others.”