There are various work at home business options; one of which is the mlm model or network marketing. In spite of the industry being a $31 billion dollar industry, mlm is dogged by an image problem. Let’s look at a mlm home based business work from home opportunity to see it is a viable option for you to make money from home, which I’m guessing is the main reason you are reading this article.
About MLM
Direct selling or MLM or network marketing (you pick the name you prefer) is a business model that offers entrepreneurial opportunities to individuals as independent contractors to market and/or sell products and services, typically outside of a fixed retail establishment, through one-to-one selling, in-home product demonstrations or online. Compensation is ultimately based on sales and may be earned based on personal sales and/or the sales of others in their sales organizations.
Direct sellers may be called distributors, representatives, consultants or various other titles. They may participate in various ways, including selling the products themselves or through their sales organizations, providing training and leadership to their sales organizations, referring customers to the company, and purchasing products and services for personal use.
MLM Companies
There a thousands of companies operating under this model. Some are country specific (eg Malaysia only) whereas others undertake global expansion and stretch into many countries (eg Herbalife is in 80+ countries).
In choosing a MLM home based business work from home opportunity, size might be one criteria that you would want to look at. The DSA (Direct Selling Association) recently release the Top 20 Companies in the US (alphabetic order)
- AdvoCare International, LP
- Ambit Energy
- Amway
- Arbonne International, LLC
- Avon Products, Inc.
- CUTCO/Vector Marketing Corp.
- Herbalife
- Isagenix
- LifeVantage Corporation
- Mary Kay Inc.
- Melaleuca, Inc.
- Nu Skin Enterprises
- The Pampered Chef
- Scentsy, Inc.
- Stampin’ Up!
- Stream Energy
- Take Shape for Life – Medifast
- Team Beachbody
- Thirty-One Gifts
- USANA Health Sciences, Inc.
As well as size these companies have longevity especially Amway starting back in 1959.
MLM Products
MLM companies offer an array of products from health, technology, beauty, legal services, energy and much more. There is a product here for everybody to market. While I believe it’s preferable to market a product that is consumable, there are success stories in every company. You choose what product you prefer to market.
MLM Compensation Plans
There are numerous ways a distributor is compensated in a network marketing company. These plans include unilever, breakaway, matrix, binary and a hybrid of some of these plans. To get a better understanding of these plans, have a look at this post http://mlminsider.com/main.php?/compensation_plans
Can You Make Money?
Most people will not. That’s not the fault of the company or the products because with inside every company there are thousands of success stories; both income and product testimonials. To improve your chances of mlm home based business work from home success, here’s 3 simple rules to improve your chances:
- Pick A Company And Stay. Choose a company based on your own preferences of product, size, locality etc and decide to stay with that company until you become a success. Too many people are lured by a new option and leave only to find that their new business isn’t firing and perhaps they are the reason for their failure and not the company or it’s products. If you look at the top industry earners you’ll find a majority have been with their company for a long time. Remember the story of the tortoise and the hare. MLM success is the same.
- Talk To People. While there are many ways to connect with people ( email, social media, advertising etc) those who are the most successful in the industry speak to their prospects. There’s no getting away from it. The rest is just avoidance behaviour.
- Be A Company Advocate; Use The Products. You need to believe 110% in your company and the industry. You will be bombarded with words like ‘scam’, ‘pyramid scheme’ and ‘is this Amway’. If you don’t have 100% conviction, you’ll falter and you won’t be a success. A personal way to get conviction or belief is to use your company’s products and get a result. Nobody can take that success away from you. If your belief in the network marketing industry needs boosting watch the Evolution of Network Marketing on YouTube.
A MLM home based business work from home opportunity can be a viable option to have you quit your job and to make money from home. The success of which relies 100% on you.
