There are various options for working from home; one of which is the mlm model or network marketing. Although the industry is a 31 billion dollar industry, mlm is dogged by an image problem. Let’s look at a work from home mlm home business to see that it’s a viable option for you to make money from home, which I guess is the main reason you’re reading this article. .
Direct Selling or MLM or Network Marketing (you choose whichever name you prefer) is a business model that provides entrepreneurial opportunities for individuals as independent contractors to market and/or sell products and services, usually outside of business. ‘a fixed retail establishment, through a -a sale, in-home or online product demonstrations. Compensation is ultimately sales-based and can 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 can participate in a variety of 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 buying products and services for personal use.
There are thousands of businesses operating under this model. Some are country specific (e.g. Malaysia only) while others go global and span many countries (e.g. Herbalife operates in over 80 countries).
By choosing a MLM home business work from home opportunity, size might be a criterion you want to consider. The DSA (Direct Selling Association) recently released the top 20 companies in the United States (in alphabetical order)
- AdvoCare International, LP
- Energy atmosphere
- Arbonne International, LLC
- Avon Products, Inc.
- CUTCO/Vector Marketing Corp.
- LifeVantage Company
- Mary Kay Inc.
- Melaleuca, Inc.
- Nu Skin Companies
- The pampered chef
- Scentsy, Inc.
- Stampin’ Up!
- Energy flow
- Get fit for life – Medifast
- Beachbody Team
- Thirty-one gifts
- USANA Health Sciences, Inc.
In addition to size, these companies have longevity, especially Amway since 1959.
MLM companies offer a range of products in health, technology, beauty, legal services, energy and much more. There is a product here for everyone to market. While I think it’s best to market a product that is consumable, there are success stories in every business. You choose the product you prefer to market.
MLM Compensation Plans
There are many 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 better understand these plans, take a look at this post http://mlminsider.com/main.php?/compensation_plans
Can you make money?
Most people won’t. It’s not the fault of the company or the products, because inside every company there are thousands of success stories; revenue and product testimonials. To improve your odds of successful mlm work from home success, here are 3 simple rules to improve your odds:
- Choose a company and stay. Choose a company based on your preferences in product, size, location, etc. and decide to stay with this business until you become a success. Too many people are drawn to a new option and only leave to find that their new business isn’t taking off and maybe they are the reason for their failure and not the company or its products. If you look at the top earners in the industry, you will find that the majority of them 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.), the most successful in the industry talk to their prospects. There is no escaping it. The rest is just avoidance behavior.
- Be a corporate lawyer; Use the products. You must believe 110% in your business and in the industry. You will be bombarded with words like “scam”, “pyramid scheme” and “is this Amway”. If you don’t have 100% conviction, you will fail and you won’t succeed. A personal way to get a conviction or belief is to use your company’s products and get a result. No one can take that success away from you. If your confidence in the network marketing industry needs a boost, watch the evolution of network marketing on YouTube.
An MLM work from home business opportunity can be a viable option for you to quit your job and make money from home. whose success rests 100% on you.