Multi-Level Marketing (MLM) has been popular investing or business route over the years for most of the average earners in Philippines and even young investors like students. The six to seven digit monthly earnings, house and lot, brand new SUV and traveling while earning are very attractive that many of the investors fall easily to this kind of money making scheme.
While most of those “rugs to riches stories” are inspiring, some investors failed to look what really is investing in MLM leading to failure. The truth is it is not making money overnight but it’s a lot of hardwork and must possess these three qualities as an MLM bussineman:
A Good Researcher
First you must know if the MLM company you’re joining in is legit. Because a lot of people get scammed. Remember that gold bars MLMs that was so popular a year ago? I wonder what happen to that. For sure to those who are in the top level of this business gained a big amount but a big loss for those who just started.
TIP: Check online of the Direct Selling Association of the Philippines or DSAP approved MLM companies.
Another, one is that you should research for your target market. It’s good to know which group of people to go to sell your products and/or to recruit eager-to-earn-downlines. After all MLM business is not just about direct selling but recruiting more people to join your business empire.
In MLM expect rejections. While lots of people can be easily drawn with those proof of rugs to riches stories through MLM, still there are many that are skeptical to this kind of earning money scheme. They prefer to keep their money rather than investing and losing it. Because MLM simply doesn’t work to everybody.
So when you join MLM you have to be persistent in inviting people to join you or buy product. No matter how many times you will be rejected, I do believe 1 out of 10 who say “no” to you will eventually say “yes” as you continually introduce your product and the company. If you cannot convince those ten people, then are still millions left untold about MLM business. Moveon and focus. Be persistent to rich you financial goal.
If you are a shy type person, then definitely MLM is not for you. Because when you are in MLM business you have to sell product, you have to deal people and convince them. It is that way that you can earn money.
But you can learn to unleash the hidden PR talent of yourself. Only it requires your willingness to transform yourself. Attend self-development classes, read self-help book and practiced what you learned. Go out and reach people that can help you.
But above all, I cannot emphasize more but it all requires hardwork, hardwork and hardwork. Because that’s the key to success.