In this post, I am going to give you tips and tricks for digging through the top MLM companies and deciding on the best one for you!
All I ask you to do is pay attention and read this post to the end…
MLM’s are honestly the best way to start your own business. They are much cheaper than starting a franchise and provide the same or better level of support and training. If you sign up in the right team you will get everything that you need to be successful.
There is also a lot of flexibility to allow you to promote in a way that fits your personality. Most people think that you have to be a very outgoing person to be successful in an MLM company, but that’s not true at all. Outgoing people can have success, but with the growing number of online MLMs, introverts are also seen a ton of success.
Look at the products an MLM company has before doing business with them. While profitability is important, you should consider if you would buy such a product. What is the benefit when making a purchase? Is it something that you will want more of in the future?
It’s important to believe in the product and like talking about it. If you have no interest in selling or using candles… don’t sign up for a candle selling MLM. You will be amazed how many people sign up for something they don’t like and become bored within a month. Once you become bored, it’s easy to quick and you have just wasted a lot of time/money.
When considering an MLM opportunity, carefully look at what you’re selling. Don’t just look at how profitable you think it might be, try to view things as if you were a consumer. Why would they want to buy the products? Are they likely to want more?
There are Four MLM companies types out there…
There are four types of MLM companies in this industry…
This just means that these mlm companies sell tangible physical products that can range from skin care, supplements, body wraps and juices etc.
Most of the mlm companies out there fall into this category in one way or another and I listed some of the more popular ones below:
Sell Digital Products:
This is where mlm companies sell digital products that can be training courses, softwares, tools and even one on one coaching.
The more popular type of products here are information based and have really exploded this industry and have made a ton of people huge commissions…
These type of companies normally pay more commissions because the cost to product digital products is a lot less.
- Digital Altitude
- Wealthy Affiliate
- Ambit Energy
MLM companies that sell services can range from legal, energy, road side assistance and medical care.
Below you will find the most popular companies right now that have been very successful.
Travel Based MLM Companies
Travel based mlm companies sell third party travel services where you can paid commissions when someone books a vacation through their website.
There’s not a lot of these available. Here is the most popular ones right now.
Watch Out For MLM Pyramid Schemes
Watch out for pyramid schemes. While a number of MLMs are above-board, there are a lot of people that are looking to take advantage of naive people. Pyramid scams typically sound too good to be true and don’t have a long track record. So be skeptical of the company’s that claim you will be a millionaire a month.
These pyramid scams take the money from new investors to pay the old investors and taking a cut for themselves. Often, but not always, they don’t provide a product (physical, digital or service). They just claim they you will multiply your investment in XX amount of days without doing anything.
Avoid falling prey to those MLM pyramid schemes. There are plenty of MLM companies that have a very strong history and reputation, but there are also some that don’t. Pyramid schemes aren’t reputable, for example. They look great, but end up failing you.
Train Your New Members
If you want to bring someone else to your MLM business, you’ll have to teach and train them. A recruit without training and support isn’t much help to the team. Spending time helping these new people will make your business more successful. The successful uplines have a well-documented process that they share with new members. These are simple, repeatable steps that get the new members started off on the right foot.
How To Promote The Opportunity
I made a rule when I started and I suggest you do the same. I promised myself that I would not promote to my friends and family. If they came to me and asked about the product or opportunity, I would be happy to answer their questions. But I would not push them or guilt them into joining.
There are several reasons why I took this approach:
First, I didn’t want to alienate any of my friends and family. I may believe in the product, but if they don’t and you keep pushing they will never buy from you. They will only get annoyed and start avoiding you.
Even if you do get someone to buy from you or join, they probably aren’t doing it for the right reasons. Many do it just to help you or they they feel guilty. You don’t actually take the time to learn the process so you think all sales will be that easy. Once you realize they aren’t, than you are more likely to quit because it’s to “hard”
Focus on learning the process and putting in the work at the beginning. It will be a little tougher to get started, but once you learn it and get the momentum, you will progress much faster! Before you know it, you’re friends and family will be coming to you for the right reasons.
Build Your Team
I’m not just talking about building a team of new members, but your own support team. You don’t need all of these at first, but you should consider them at some point in the near future.
- Accountant – They will be able to keep your numbers straight and also provide you advice in how to set up you new business. Typically taxes will be due on a quarterly basis which can be a struggle for new business owners. Accountants will be able to help with this whole process.
- Virtual Assistant – Like most people, you probably don’t have a ton of time. You may have a full time job, kids, house any possibly other obligations. A VA will help you stay organized, complete busy work and work through some of the tasks that you prefer not too.
- Other Online Help – There are a variety of other options that will help you save time on the items that you don’t have experience in, so you can focus on your strengths. These include things like marketing, content writing, web design, image creation and so on.
With all of these MLM tips in mind, you will have great success when you are getting started in multi-level marketing.
If you came here and don’t know which company to go with…
Why is it my Top Choice?
It’s mostly due to the fact that 80% of the members that join this company are profitable compared to the traditional 98% failure rate…
See you at the top!