I am in total agreement with Rose. I am also in an incredible MLM business where you can will it to your family or sell it if you choose. Tim Sales is an incredible mentor in this industry as is my favorite, Dani Johnson. My business has exploded since applying her techniques. She has tons of business and life coaching material on her website and you can obtain for free. You are also able to log on to her Monday night call and it is open to any business, not just networking.
Networking, MLM or Affiliate Marketing (much the same) can be a life changing business for those who want it badly enough and work hard enough towards their goals. BUT, educating yourself in this industry is a must.
Many Blessings and Much Success,
Lisa
surfsup@helloworld.com
----- Original Message -----
From: "Rose Schaefer" <rose_schaefer@yahoo.com>
To: entrepreneursathome@yahoogroups.com
Sent: Thursday, April 17, 2008 6:26:55 PM (GMT-0500) America/New_York
Subject: Re: [entrepreneurs] MLM
I have had the complete opposite experience than Ed has. I am in network marketing (MLM, or whatever you want to call it). Not only is mine doing well, we have a wonderful binary compensation plan whereby there are fewer people needed in your business to see any return. And, I know for a fact that this business is sellable and willable. Not only do I know someone who was in a different business and sold it (to come to ours), I know people who have this in their wills to their children.
If anyone wants to know the facts about MLM, Network marketing, or whatever other label you want to call it, I recommend that you look at what Tim Sales has to say about it all. He has made millions in this industry (and not even in my company) and teaches others to do the same. He teaches communication and the truth about MLMs. Take a look at his website (Brilliant Compensation). This is not spam, but a recommendation to those who don't understand the entire business. He'll tell you the truth and is not associated with a company.
Good luck to all of you.
Rose
roseschaefer@usana.com
----- Original Message ----
From: " faithfulfamilyoutlet@comcast.net " < faithfulfamilyoutlet@comcast.net >
To: entrepreneursathome@yahoogroups.com
Sent: Thursday, April 17, 2008 3:50:29 PM
Subject: Re: [entrepreneurs] MLM
Kim,
I appreciate your response. My major beef with most of the MLMs through my anecdotal personal investigation (over 100) is that you can not usually sell your business (position / slot / level) on the open market. So essentially your business does not increase in value as you work it. Your income may increase but the business builds no equity. You also, usually can not pass it down to your children through a will. Which is my main purpose for a family business, something that produces income for generations to come.
So even though I've investigated many and tried three different MLMs and struck out. I will most likely never do one unless my business (position) can build equity, be bought and sold on an open market, and passed down as an inheritance.
As far as the negative impression of MLMs go, personally I think it is warranted. I know there are good ones and if you or anybody else is engaging in a good one, I truly am very happy for you. It is a wonderful business structure - that allows you to operate very inexpensively with very low investment and very low risk exposure (you usually can not lose more than just your original buy-in). But my experience has been that about 6 out of 10 are bad and 3 out of the 4 left, commonly have adverse compensation plans. So when trying to recruit down-liners, I would concede to the skepticism. I would start by addressing the skeptic -showing them your research as to how you evaluate a business and what you look for - make them know that you did the homework and waded through the bad ones and picked out the gem from the dump truck full of coal. I know a lot of you have done that.
And honestly the compensation plans are another one of my major beefs with MLMs as well. Business is a system that produces a profit. The MLMs always seem to have higher order mathematical algorithms associated with compensation. This "system" over complicates the business. Occam's razor: "all other things being equal, the simplest solution is the best." These compensation complexities are also what make it difficult to recruit as well. This only feeds the skepticism. The prospect only thinks you are trying to complicate the compensation plan to keep them from getting paid. You sell something you get a profit - that should be it plain and simple.
Anyway - nothing against those of you prospering with MLMs. So please don't take this the wrong way - I am happy for you.
I hope this helps, God Bless, Ed R.
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Make a Difference in Your Life and the Lives of Others!
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