Thouroughly Investigate MLM Opportunities
The current economic times have either displaced people from their steady incomes or has cause them to start looking for alternate ways to make money as their fear or losing their jobs increases. Many people are looking to a home based business, more specifically a MLM business to satisfy their additional income needs.
The investigation process can leave many people scratching their heads as to what is a legitimate MLM business opportunity and what is a scam. They want truth and they want it now. The purpose of this page by removing all the hype, speculation and present to you the MLM truth exposed!"Time will either promote you or expose you." How this pertains to the MLM industry and a MLM business opportunity is a simple one. Look at the history of the industry and when investigating a MLM business opportunity, carefully look at its history.
History of MLM Industry
With all the stories, myths and hype that are circulating regarding the MLM industry, it is understandable why you may be skeptical about MLM. However you could be doing yourself a huge injustice by believing the rumors and myths and not doing the investigating yourself.
First of all, do not categorize all MLM opportunities the same. Even if you have not been successful in MLM before, or have heard stories of people losing a lot of money in MLM, that does not mean the MLM industry, and the business opportunities in it are not successful. The MLM industry has been around since the mid-1940's and continues to grow today. Yes there are MLM opportunities that do not survive, and yes people will lose money on these opportunities, but that does not mean the MLM industry is a scam and pyramid scheme.
The truth be told 99% of all MLM opportunities will fail in their first year. Of the 1% that makes it to their first anniversary, only 95% make it to their second anniversary. So, looking at a company that has a history and is still growing is a win-win situation for you. The first way that you can protect yourself from a MLM business opportunity failure is to look at an established growing company. You can then have the stability of an existing company while still have ample growth potential.
Let's compare this to another industry, one that can be just as challenging and that is being a restaurateur. The myth about restaurants is they fail at a rate of 90%; that is 90% of all restaurants that open fail within the first three years. This is just a myth and it has been proven to be a rate that is closer to a 60% failure rate. While that is still high with more than half of all restaurants failing before their third year, there are still new restaurants opening up every day. You don't hear people saying that being in the restaurant business is a scam, you simply hear that is very difficult.
The same is true with MLM opportunities. The MLM industry would not be growing as rapidly as it currently is if the business model did not work. Furthermore to open a restaurant would be at least a 6-figure investment. Conversely to start a successful MLM business, your investment can be less than $1000.
History of MLM Business Opportunity
Moving from the history of the MLM industry to the history behind a specific MLM opportunity will very clearly tell you where they have been and where they are going. Presentations are great for getting very high level information regarding a MLM company, but they most times they are filled with hype and promises. Looking at a company's history will clearly show what they have accomplished. No presentation, no hype, no flashy sales video can speak louder than the history of a company. While investigating the MLM company's history do not solely look at their past as you must understand how to use the information you are finding.
Any legitimate MLM business opportunity will share with you their sales numbers and most time sales numbers do not lie. While there may be underlying profit issues in the revenue generated in the company's past, the sales numbers will show you what has transpired. Obviously once you ask for the sales numbers a secondary question will be profit as every company has to make a profit to be in business.
The reason for asking for sales numbers first is that you want to see that they are continually increasing. The sales numbers need to be increasing on two fronts. First the sales numbers should be increasing into new markets. This type of expansion will show that the company is successfully expanding its global footprint. The second method of sales number growth that you should she is in existing markets. Many companies are great at promoting how they are moving into new and exciting markets, yet the markets that they have already launched in are slowly declining. What this will tell you is the product mix does not keep customers long term. The excitement of a new product will get customers to buy once, but then the excitement quickly fades and so do the sales numbers. The obvious scenario that you are looking for here is growth on both fronts; new and existing market growth.
Return on Your Investment
For any legitimate MLM business opportunity there will be an investment. You are starting a business and any business that tells you it can be started without any investment should raise questions immediately. When looking at the investment required to begin a MLM business your ROI (return on investment) is like no other business on the planet. This is due to the fact that with the right MLM business, you can see literally see a return on your investment after the first month of operation.
That is you can earn your investment back and possibly even turn a profit in your very first month of business! There are very few, if any traditional businesses that you will see a profit in the very first month of operation. Most business will take 1-3 years to see any form of profit.
Key Factors of MLM Business Opportunity
There are three key factors that will determine a long term successful MLM business opportunity versus a flash in the pan. These key factors to look for are as follows and in this order; leadership and support, compensation plan and products. Understand that regardless of compensation plan or products, it is the leadership of the distributors and the support that they receive that will ultimately grow the business, not the company. Having the proper leadership and support will then allow you to maximize your compensation plan. The products obviously have to be high quality and in high demand. Getting back to the sales numbers will tell you what you need to know about the products and how they are received in new and existing markets.
The truth about MLM is that it works. It has been working for the past 70 years and continues to gain momentum on a global basis. New and emerging markets are coming on stream every quarter and for those that have positioned themselves in the right MLM business opportunity they can see substantial income gains over the next 3-5 years.
If you need help deciphering what is best for you, contact Engineered Lifestyles. We have the experience, the knowledge and the ability to help you make the right decision for you. One of our Master Mentors can work with you to answer your questions and eliminate the confusion about the MLM industry.
Become an Entrepreneur
Possessing a team of like-minded people is one of the keys to success and is essential in any business. The results you achieve will be directly related who you surround yourself with. You may be in business for yourself, but you cannot do it by yourself, you need a team. A team that you can rely on. Engineered Lifestyles has the experience and can provide you with the team you need for success!
If you or a team of individuals are in a situation where you want to become an entrepreneurs, but require a business opportunity and assistance to establish it, Engineered Lifestyles is the first step for you. Contact us now to start planning your successful future.
Building Financial Security
There is no short cut to success. There is however a difference to the efficency and methods you use to build your financial security. Take a moment to look around and you will see countless people all working in their own way. Who is successful depends on their financial goals and if they are achieving them. What works for them may not specifically work for you.
This is why you must inform yourself of the possibilities which exist all around you to achieve your desired level of financial security. Information is key, then taking action is vital to your success.
Those that want it the most will take the time to become informed. To get the information and support they need to generate the income they want. Why wait any longer? Click here to get more information
Start living the life of your dreams!
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