Now there's a great question!
I know lots of people who like to take the victim role
that are totally convinced that anyone making big bucks is
ripping the little guy off.
So let's put that one to bed…in MLM the little guy is a
volunteer!
It's not that anyone is getting ripped off. It's the
simple fact that in all businesses a small handful of high
achievers make significantly more income than the average.
MLM is not a job where you're on a fixed salary and have
to beg for a raise, while the President is entrenched at
the top making the big income. In MLM everyone is the
President of their own business and they can write their
own income check…if they want to work for it.
You start in MLM the same place everyone else started and
from then on it's up to you. In the typical compensation
plan you can make some money selling the product at retail.
Often the retail price is quite prohibitive so you end up
selling at wholesale-customers like to feel they're getting
a deal--and you earn the distributors override on your
product sales. That override varies, but in my MLM company,
its 10% to 20% depending how my business is structured.
Many people like to start by setting up a network of
preferred retail customers, often around the world, who can
order and pay for their own products online. A series of
emails keeps you in touch and many of these customers find
customers of their own so they enroll as a distributor. And
so your business grows and your income grows via your 10%
to 20% override on sales.
It's a very efficient process, but by some this is
considered the slow way to start. But on the plus side the
income is typically all residual so it's a rock solid
business.
Others, and possibly this is the majority, like to make
the override on the bigger sale of the starter packages, so
they begin with a program of recruitment and teach their
new associates to do the same.
Getting customers is often an overlooked segment of MLM,
where many associates focus on recruitment and personal
consumption only.
In my opinion if you want a rock solid business then you
want to do both; teach your team to make sure their monthly
qualifying volume is more than covered by retail sales.
That way they're always making some money and they don't
fall away. Besides, getting customers is a lot easier than
finding a willing candidate for sponsoring.
In a business built like this you truly can retire on your
residual income!
Would you like to learn how to build your Network Marketing Business Online?
I have just completed a new book: "The Perfect Online Network Marketing Business".
You can download it FREE here: " The Perfect Online Network Marketing Business "
Plus there’s a goldmine of information in my other FREE book: "How To Use The Secret Magic Of Article Writing To Start And Run A Successful Online Business".
Jim Keayes is an expert Internet and MLM Marketer. He teaches people to be successful online.
Showing posts with label income. Show all posts
Showing posts with label income. Show all posts
Friday, July 27, 2007
Secrets of MLM Online Success: Does anyone make any money in MLM?
My first question: Compared to what?
How much time do you think the average MLMer puts into
their business?
Answer: Not very much…in fact maybe 2 hours a month and
most of that spent going to a seminar their sponsor drags
them to.
How much money do you think the average MLMer makes from
their business?
Same Answer: Not very much!
In fact it's probably mostly zero or negative. Lots of
MLMers hang on to doing their qualifying volume, because
they haven't totally given up on their dream…they want to
keep it alive...it's a little ray of hope on an otherwise
dark horizon and while they grumble at the cost they don't
want to totally let go.
Sound familiar?
How much time do you think the big earning MLMer puts into
their business?
Answer: Lots and lots of 12 hour days.
And how much do they make? Lots and lots…sometimes
millions of dollars a year.
Are they making all this money on the backs of all those
struggling small distributors? Not at all! The small
distributor isn't struggling…they generally aren't doing
anything.
How much time do you think the average realtor puts into
their business?
For those making the big bucks it's often 12 to 16 hour
days and usually 7 days a week.
But they all make big bucks…right?
Wrong!!!
Let's look at the Realtor profession for a moment:
In California there were over 500,000 registered realtors
in 2006 and they sold around 40,000 properties total in
June 2007. (This is a moving target so don't hold me to
those figures but they're in the ballpark). The average
property value was $480,000. So that's $19.2 billion in
total dollar sales in June. That's $38,400 per realtor on
which let's say they make 5% or $1920 per month each. But
that's just the average…some make more and some less.
The 2006 stats for realtors were these:
Of all the realtors registered in California, the average
income was $40,000 for the year. And of those 500,000
realtors, 50% of them, that's 250,000, earned less than
$15,000 in 2006.
Now some of them were stay at home mum's or retired people
who kept their licenses alive but didn't make any sales at
all, and a handful of others earned over $1 million for the
year…but still a pretty tough racket.
The realtors who make the big bucks work very hard, very
long hours and they deserve the rewards. But lots and lots
of realtors barely get by…particularly in falling markets.
Looks a lot like MLM doesn't it? Those who work make the
big bucks!
Would you like to learn how to build your Network Marketing Business Online?
I have just completed a new book: "The Perfect Online Network Marketing Business".
You can download it FREE here: " The Perfect Online Network Marketing Business "
Plus there’s a goldmine of information in my other FREE book: "How To Use The Secret Magic Of Article Writing To Start And Run A Successful Online Business".
Jim Keayes is an expert Internet and MLM Marketer. He teaches people to be successful online.
How much time do you think the average MLMer puts into
their business?
Answer: Not very much…in fact maybe 2 hours a month and
most of that spent going to a seminar their sponsor drags
them to.
How much money do you think the average MLMer makes from
their business?
Same Answer: Not very much!
In fact it's probably mostly zero or negative. Lots of
MLMers hang on to doing their qualifying volume, because
they haven't totally given up on their dream…they want to
keep it alive...it's a little ray of hope on an otherwise
dark horizon and while they grumble at the cost they don't
want to totally let go.
Sound familiar?
How much time do you think the big earning MLMer puts into
their business?
Answer: Lots and lots of 12 hour days.
And how much do they make? Lots and lots…sometimes
millions of dollars a year.
Are they making all this money on the backs of all those
struggling small distributors? Not at all! The small
distributor isn't struggling…they generally aren't doing
anything.
How much time do you think the average realtor puts into
their business?
For those making the big bucks it's often 12 to 16 hour
days and usually 7 days a week.
But they all make big bucks…right?
Wrong!!!
Let's look at the Realtor profession for a moment:
In California there were over 500,000 registered realtors
in 2006 and they sold around 40,000 properties total in
June 2007. (This is a moving target so don't hold me to
those figures but they're in the ballpark). The average
property value was $480,000. So that's $19.2 billion in
total dollar sales in June. That's $38,400 per realtor on
which let's say they make 5% or $1920 per month each. But
that's just the average…some make more and some less.
The 2006 stats for realtors were these:
Of all the realtors registered in California, the average
income was $40,000 for the year. And of those 500,000
realtors, 50% of them, that's 250,000, earned less than
$15,000 in 2006.
Now some of them were stay at home mum's or retired people
who kept their licenses alive but didn't make any sales at
all, and a handful of others earned over $1 million for the
year…but still a pretty tough racket.
The realtors who make the big bucks work very hard, very
long hours and they deserve the rewards. But lots and lots
of realtors barely get by…particularly in falling markets.
Looks a lot like MLM doesn't it? Those who work make the
big bucks!
Would you like to learn how to build your Network Marketing Business Online?
I have just completed a new book: "The Perfect Online Network Marketing Business".
You can download it FREE here: " The Perfect Online Network Marketing Business "
Plus there’s a goldmine of information in my other FREE book: "How To Use The Secret Magic Of Article Writing To Start And Run A Successful Online Business".
Jim Keayes is an expert Internet and MLM Marketer. He teaches people to be successful online.
Secrets of MLM Online Success: How does MLM Compare with Real Estate?
How much time do you think the average MLMer puts into
their business?
Answer: Not very much…in fact maybe 2 hours a month and
most of that spent going to a seminar their sponsor drags
them to.
How much money do you think the average MLMer makes from
their business?
Same Answer: Not very much!
In fact it's probably mostly zero or negative. Lots of
MLMers hang on to doing their qualifying volume, because
they haven't totally given up on their dream…they want to
keep it alive...it's a little ray of hope on an otherwise
dark horizon and while they grumble at the cost they don't
want to totally let go.
Sound familiar?
How much time do you think the big earning MLMer puts into
their business?
Answer: Lots and lots of 12 hour days.
And how much do they make? Lots and lots…sometimes
millions of dollars a year.
Are they making all this money on the backs of all those
struggling small distributors? Not at all! The small
distributor isn't struggling…they generally aren't doing
anything.
How much time do you think the average realtor puts into
their business?
For those making the big bucks it's often 12 to 16 hour
days and usually 7 days a week.
But they all make big bucks…right?
Wrong!!!
Let's look at the Realtor profession for a moment:
In California there were over 500,000 registered realtors
in 2006 and they sold around 40,000 properties total in
June 2007. (This is a moving target so don't hold me to
those figures but they're in the ballpark). The average
property value was $480,000. So that's $19.2 billion in
total dollar sales in June. That's $38,400 per realtor on
which let's say they make 5% or $1920 per month each. But
that's just the average…some make more and some less.
The 2006 stats for realtors were these:
Of all the realtors registered in California, the average
income was $40,000 for the year. And of those 500,000
realtors, 50% of them, that's 250,000, earned less than
$15,000 in 2006.
Now some of them were stay at home mum's or retired people
who kept their licenses alive but didn't make any sales at
all, and a handful of others earned over $1 million for the
year…but still a pretty tough racket.
The realtors who make the big bucks work very hard, very
long hours and they deserve the rewards. But lots and lots
of realtors barely get by…particularly in falling markets.
Looks a lot like MLM doesn't it? Those who work make the
big bucks!
Would you like to learn how to build your Network Marketing Business Online?
I have just completed a new book: "The Perfect Online Network Marketing Business".
You can download it FREE here: " The Perfect Online Network Marketing Business "
Plus there’s a goldmine of information in my other FREE book: "How To Use The Secret Magic Of Article Writing To Start And Run A Successful Online Business".
Jim Keayes is an expert Internet and MLM Marketer. He teaches people to be successful online.
their business?
Answer: Not very much…in fact maybe 2 hours a month and
most of that spent going to a seminar their sponsor drags
them to.
How much money do you think the average MLMer makes from
their business?
Same Answer: Not very much!
In fact it's probably mostly zero or negative. Lots of
MLMers hang on to doing their qualifying volume, because
they haven't totally given up on their dream…they want to
keep it alive...it's a little ray of hope on an otherwise
dark horizon and while they grumble at the cost they don't
want to totally let go.
Sound familiar?
How much time do you think the big earning MLMer puts into
their business?
Answer: Lots and lots of 12 hour days.
And how much do they make? Lots and lots…sometimes
millions of dollars a year.
Are they making all this money on the backs of all those
struggling small distributors? Not at all! The small
distributor isn't struggling…they generally aren't doing
anything.
How much time do you think the average realtor puts into
their business?
For those making the big bucks it's often 12 to 16 hour
days and usually 7 days a week.
But they all make big bucks…right?
Wrong!!!
Let's look at the Realtor profession for a moment:
In California there were over 500,000 registered realtors
in 2006 and they sold around 40,000 properties total in
June 2007. (This is a moving target so don't hold me to
those figures but they're in the ballpark). The average
property value was $480,000. So that's $19.2 billion in
total dollar sales in June. That's $38,400 per realtor on
which let's say they make 5% or $1920 per month each. But
that's just the average…some make more and some less.
The 2006 stats for realtors were these:
Of all the realtors registered in California, the average
income was $40,000 for the year. And of those 500,000
realtors, 50% of them, that's 250,000, earned less than
$15,000 in 2006.
Now some of them were stay at home mum's or retired people
who kept their licenses alive but didn't make any sales at
all, and a handful of others earned over $1 million for the
year…but still a pretty tough racket.
The realtors who make the big bucks work very hard, very
long hours and they deserve the rewards. But lots and lots
of realtors barely get by…particularly in falling markets.
Looks a lot like MLM doesn't it? Those who work make the
big bucks!
Would you like to learn how to build your Network Marketing Business Online?
I have just completed a new book: "The Perfect Online Network Marketing Business".
You can download it FREE here: " The Perfect Online Network Marketing Business "
Plus there’s a goldmine of information in my other FREE book: "How To Use The Secret Magic Of Article Writing To Start And Run A Successful Online Business".
Jim Keayes is an expert Internet and MLM Marketer. He teaches people to be successful online.
Secrets of MLM Online Success: Is MLM a Real Business
I guess we start by considering what is a real business?
How would "you" define one?
Don't you think that if MLM was bogus that they wouldn't
be doing billions of dollars a year in sales?
And what about the claim that it's only the distributors
who are buying the product to keep their businesses active?
Well lots of distributors may be buying and using the
product, but mostly it's not to keep their businesses
active.
Why is that?
Because most distributors don't have a business to speak
of!
The average distributor sponsors 2.7 people into their
business in their lifetime. But that average is pushed up
by the active sponsors who enroll tens and even hundreds of
associates personally.
The fact is that most people who enter an MLM business
don't sponsor anyone. They ask two people to join, get
rejected, don't like it (and who can blame them; there is a
better way) and they stop trying. But lots of these
distributors joined the business because they saw a
personal benefit from the product. So they don't drop
out…they continue to use the product for years on end even
when there's no financial reward. Why is that? Because
they feel that the product is value at the price.
I certainly have had amazing benefits from the high
quality products distributed by MLM companies.
In my MLM business we do a lot of business around the
world with people who are just customers. (That's the
benefit of the internet and direct to consumer shipping).
They got involved to use the product, they find it's
beneficial to their health and they continue to use it for
years. Sure we sign some of them up as distributors on the
basis that they may tell someone of the benefits they are
getting from the product and actually stumble into building
a business that allows them to get their product for free;
but basically they are customers…and as distributors they
can buy at preferred prices.
A big chunk of our income comes from registered customers
who sign in to their account and order their own product.
No one is cajoling or "selling" them.
If an MLM company is successful then the customers think
the product represents real value. It does something for
them that they haven't found elsewhere.
Would you like to learn how to build your Network Marketing Business Online?
I have just completed a new book: "The Perfect Online Network Marketing Business".
You can download it FREE here: " The Perfect Online Network Marketing Business "
Plus there’s a goldmine of information in my other FREE book: "How To Use The Secret Magic Of Article Writing To Start And Run A Successful Online Business".
Jim Keayes is an expert Internet and MLM Marketer. He teaches people to be successful online.
How would "you" define one?
Don't you think that if MLM was bogus that they wouldn't
be doing billions of dollars a year in sales?
And what about the claim that it's only the distributors
who are buying the product to keep their businesses active?
Well lots of distributors may be buying and using the
product, but mostly it's not to keep their businesses
active.
Why is that?
Because most distributors don't have a business to speak
of!
The average distributor sponsors 2.7 people into their
business in their lifetime. But that average is pushed up
by the active sponsors who enroll tens and even hundreds of
associates personally.
The fact is that most people who enter an MLM business
don't sponsor anyone. They ask two people to join, get
rejected, don't like it (and who can blame them; there is a
better way) and they stop trying. But lots of these
distributors joined the business because they saw a
personal benefit from the product. So they don't drop
out…they continue to use the product for years on end even
when there's no financial reward. Why is that? Because
they feel that the product is value at the price.
I certainly have had amazing benefits from the high
quality products distributed by MLM companies.
In my MLM business we do a lot of business around the
world with people who are just customers. (That's the
benefit of the internet and direct to consumer shipping).
They got involved to use the product, they find it's
beneficial to their health and they continue to use it for
years. Sure we sign some of them up as distributors on the
basis that they may tell someone of the benefits they are
getting from the product and actually stumble into building
a business that allows them to get their product for free;
but basically they are customers…and as distributors they
can buy at preferred prices.
A big chunk of our income comes from registered customers
who sign in to their account and order their own product.
No one is cajoling or "selling" them.
If an MLM company is successful then the customers think
the product represents real value. It does something for
them that they haven't found elsewhere.
Would you like to learn how to build your Network Marketing Business Online?
I have just completed a new book: "The Perfect Online Network Marketing Business".
You can download it FREE here: " The Perfect Online Network Marketing Business "
Plus there’s a goldmine of information in my other FREE book: "How To Use The Secret Magic Of Article Writing To Start And Run A Successful Online Business".
Jim Keayes is an expert Internet and MLM Marketer. He teaches people to be successful online.
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