123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

How To Be An Mlm Business Success

Profile Picture
By Author: Chris Brown
Total Articles: 1124
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Many people in network marketing desire to know how to be successful in mlm. Indeed, with the attrition rate so high, finding success is not always easy.

Many people do not realize that asking one simple question can greatly increase their chance of success? The question is quite simple. It is asking if they are in a vampire network. Read on to discover what a vampire network is.

* Vampire network question #1: What is a vampire network? A vampire network is always out for new blood. It is a company that constantly pushes distributors to build a huge downline. There is no true product and people would not join if there wasn't a business opportunity associated with it. Recruiting is important, but is spells bad news if it is the primary focus.

* Vampire network question #2: Is anyone retailing products or are they just garage qualified? Of course, everyone should continue to seek new leaders to grow and develop, but not to the point where no retailing of products occurs. There has to be a balance.

* Vampire network question #3: Where is the focus? If the focus is only on recruiting, and you are getting ...
... paid just to recruit, this is vampire networking.

* Vampire network question #4: What is the product price? Is it competitively priced? Is the product price being inflated? Remember, only a few companies manufacture products for most mlm companies. Inflated prices occur when a company's products are very high and the same product can be found with another company for much less. Plus, if you can find the product in places like Wal-mart, Costco, Safeway, on Ebay, etc., this spells trouble for distributors. Who can compete against Wal-Mart? When it comes to how to be successful in mlm, being involved with a company such as this will make success difficult.

* Vampire network question #5: What profit are people making? A profit is simply the difference between the wholesale and retail price of a product. If distributors only get 3%, 5%, 7%, etc. of the wholesale profit, they are going to need many, many people to build a good income. Many people more than likely means a couple of thousand or more. Ouch! Vampire networking!

* Vampire network question #6: How much overhead does the company have? For some, this sounds weird but it is important to consider. The less overhead, the more a company can put in a compensation plan for distributors.

* Vampire network question #7: Are bonuses paid out? Do people have to go through so many hoops that only the top 1% of people are qualified? This is especially important to consider since most people in mlm are part-timers. If almost no one ever qualifies, where does the money go? If people are looking at how to be successful in mlm, think about this very carefully.

* Vampire network question #8: Would people buy the product if there were no business opportunity associated with it? The question to always ask is if the recruiting stopped for any amount of time, would the company still be in business? If there is no true product yet lots of recruiting going on, it's an illegal pyramid scheme.

So, to answer the question how to be successful in mlm, think carefully about the above questions. If some people don't like their answers, it means they very well could be in a vampire network where success will be very difficult. Choose to be part of a company where you can build it big for your children and your children's children.

Total Views: 225Word Count: 587See All articles From Author

Add Comment

Business Articles

1. Catering Services In Noida For Every Occasion
Author: Catering Services in Noida

2. Leading The Way In Business Continuity Management System (bcms) In Uae And Dubai
Author: kohan

3. Manila Rope: A Versatile Solution For Various Industries In The Uae
Author: yasirsheikh1891

4. Exploring Asian Clothes Online: A Guide For Uk Shoppers
Author: Dazzle and Bloom

5. Maximizing Your Email Marketing Roi: A Comprehensive Guide
Author: tim seifert

6. Spray Paint: The Ultimate Solution For Versatile And Efficient Painting
Author: yakubali7842

7. High-quality Thrust Needle Roller Bearings: Essential For Reliable Performance
Author: psbearings

8. Web Design Company In Coimbatore
Author: cp

9. Top Needle Roller Bearing Manufacturer: Quality You Can Rely On
Author: psbearings

10. Discover The Best Rfid Tags For Your Industry Needs At Id Tech Solutions
Author: Shivam Kumar

11. Translation Company In India
Author: Lingosolution

12. Why Perlau Gwyn Dental Care Is The Top Choice For Dentists In Cardiff And Teeth Whitening Services
Author: Rebecca Brown

13. Hybrid Inverters & Their Diverse Applications
Author: blogswalaindia

14. The Role Of Solar Panels In Sustainable Living
Author: blogswalaindia

15. Solar Energy And Battery Storage: What You Need To Know
Author: blogswalaindia

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: