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MLM Is NOT A Scam. Pyramid Scheme IS. It’s A Difference

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How Did I Get Involved In This?

 

I was online and talking with friends and prospecting for new leads on Facebook. The most rewarding and value about having an online business is to meet new friends around the world.

You learn many gold nuggets when it comes to business and you evolve as a person and how you do business. This is actually important. Both in business and in your personal life as well.

And you will discover new ways to making money and incorporated in the business model you already do.I was talking with a friend of mine on messenger about how I do business and we shared some ideas with each other.

He then represented the business he did.


The Introduction

I was very skeptical right there and then. I was afraid he was scammed. So I looked up the business and did some research online. It was indeed a legitimate business with product people are in need for and it has huge potential.

Now, and in the years to come.


Disclosure

I’m an affiliate marketer with links to an online retailer, and or, service on my website. When people read what I’ve written about a particular product, and or a service, and then click on those links and buy something from the retailer or signing up to a program, I earn a commission from the retailer or the program. This commission will in no way change the cost to you.


Do You Want To Know About A Legit Business With Quality Products?

Click On The Picture Below MDC - my daily choice


I was very clear to never be involved in MLM Business.

High risk of scams, no control over what you provide to your customers, painfully chasing cold leads, getting used to get turned down over, and over, and over again by the phone, huge investments and never get anything in return and so on.

I knew the basics, the more people you have under you the more you will earn on the product you are selling or sign up to a service but that’s it.


Healthy Sceptism

And because of the pushy sellers online promoting products from Forever Living and invitation for a house party, didn’t do the concept shine lucrative.

Handling the goods you ordered just to sell products, having house parties and selling to your friends and relatives and losing their friendship and their respect….

No thanks….


Is it Really This Black And White?

But it doesn’t paint the whole picture. It doesn’t necessarily need to be this way. Contrary to what many people think, multi-level marketing is not a pyramid scheme.

In a pyramid scheme, you earn money by bringing in people underneath you, not by selling a product. But typically investing with a promise of higher returns.

As long as a company has a product available for sale to the general public, or a service, it’s a legitimate business, according to the Federal Trade Commission’s 1979 ruling on Amway.


MLM Is A Legitimate Business Model, But What Can It Do For Me?

But let’s take deeper look. What MLM is, what is the pros and what is the cons of MLM business. Multi-level marketing is a business model where people get commissions for product sales and compensation for the sales of people in their down line.


Multi-level marketing, sometimes referred to as network marketing. Companies typically give you several ways to earn.

First, you can profit by marketing the company’s products to others. You can also use the products yourself and essentially become your own customer or a whole seller.

Finally, you can recruit others. Most multi-level marketing companies give you a percentage of whatever sales those underneath you make. With each level that comes in underneath you, you earn a higher percentage of the sale’s profit.


Again, it is not a pyramid scheme, because your earnings are based on the sale of actual products.

The product itself is usually not in commercial stores and can only be obtained by the independent marketers and independent affiliates.

It’s easy to get started. And if you can invest between $100 – $200, you can potentially earn sustainable income with your new home based online business.

You will learn a lot more of being in online business than if you have a traditional 9-5.


This is a people business. You will learn a lot from many sources and meet a lot of new people both within the business itself, with your team, and new prospects. You may actually get new friends along the way.

You will learn all the aspects of the products you are selling. The product is YOU and YOU are the product.


One of the main reasons people want their online business besides the money is the flexibility. You can work as much as you want, or as little as you want around your own schedule.


There Are Plenty Of Positive Aspects Of MLM Business, But As Anything Else, There Are Some Drawbacks

It’s not only sunshine and rainbows. Let’s take a closer look at the drawbacks. The other side of the gold medal…

Most people start out enthusiastic but fail to move forward because they are not willing to step out of their comfort zone, or working hard. Your income potential is entirely up to you.

You actually have your own business now and you need to treat it like that and take this seriously.


The majority of people you share your MLM products or business with will reject your offer. The most excuses are: I don’t have the money, I don’t have the time.

And many people are simply not interested because they are not in your targeted audience. It’s not personal you can’t take it personal. You have to say to yourself, this is OK and move on to another prospect.

Regardless of how hard you try, you will not be able to sell a steak to a vegetarian or a baseball bat to someone who have amputated their arms. It’s not personal or the product. Just a wrong kind of prospect.


Building your network marketing business takes hard work. Remember, most people are not willing to do that. Therefore, most distributors don’t make money.

Most people who are involved in a MLM business doesn’t move out of their comfort zone. They are afraid. They don’t try to build their network outside friends and family. That’s a big barrier for many people to do.


You Have To Be Open Minded

After seeing all the pros and cons online and see several examples of failing firsthand I didn’t think this was something for me personally. I had i fixed mind set. If so many people failing I would probably fail. Why risk it?


But that was before I learned me different marketing techniques, before I look at the possibilities of the products and the company itself.

If you want changes in your life, you have to do something to make changes. Don’t think about what can happen if you fail, but think about what can happen if you succeed.


Here is the most important thing about MLM business. Do proper research of the company and the products.

I did. And I discovered you don’t need to have home parties, you don’t have to packing and shipping any inventory, you don’t have to go to your local mall and make people mad on you as a parking attended giving them a ticket.

And you don’t have to chasing leads on the phone all day.


Of course, you can do all those things, and you probably should to have even a greater success and get the most earning potential. However, you can do all this online if you want to and treat it as a pure online business.


It’s up to you how you want to do the promotions, getting leads and making sales. All you have to do is to send traffic and the company itself takes care of the rest. Can’t be easier than that. I couldn’t even imagine how easy I could do things.

I saw obstacles instead of focusing on the possibilities.

This is how and why I get involved in the MLM business.


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List Building – The Secret To Success

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The Money Is In The List

Money Is in the list. You have heard it before. It’s an old cliché, but for a very good reason. Because list building is the secret for success in online business. Either you are an affiliate marketer, dropshipper, selling your own products, or services.

A service where you can leverage on email marketing is mentor ship, lifestyle coaching, webinars where you teach others a specific skills and many more.

List building is a part of internet marketing that is underestimated and neglected, because its hard work and it takes time.


Building Your Tribe Comes With A Lot Of Possibilities

Its take a lot of time to do. But it’s essential and has lots of income potential. You have the possibility to capture your own customers and build a platform that you own. It automates your business and the marketing efforts.

What I mean about that is you can follow up you subscribers through pre written emails you send out. Not just that you have possibilities to market several products or services, but you can update your subscribers with useful content and information about your business.


Build Your Relationships

List building and trust and are essential for further business relationship. Email Marketing is your direct line to your customers. It maximizes profit through repeat customers, because they learn to trust you and your brand.

It takes 7 times before a customer are presented to an offer before they are ready to buy. You have the possibility to increase that exposure throughout email campaigns and email broadcasts.

If you decide to buy 3 clicks to your opt in page only one will opt in. Even though they opted in, there is no guarantee they will buy your product.

You need to get a relationship with your subscribers. They need to learn to trust you, and your products and your services.

That’s where the follow up campaign and broadcast comes into place! You need to email your list frequently, at least 4 times a week with the same offer.

They need to get used to your frequency and when they can expect your emails. Sooner or later they will buy from you.

The True Numbers Behind The Success Stories

If you have an email list with 40 000 subscribers and 20 of them buy from you, it’s easy to see its possible to make $1000s of dollars online.

If 2 of the 20 buyers buy a product worth of $2000 dollars, Where you get $1000 in commission, and18 customers buying a product worth $20, where you get 100% commission, you have cashed in $2360 that month.

This is why top sellers can claim they earn thousands of dollars each month. Because they have an email list they can promote high ticket offers to.

You can also achieve numbers like this. But you have to work hard and smart. You have to be consistent. You have to get a lot of traffic and learn how to convert them into leads. This means you need to build your list. I recommend using of Aweber.


To build your email list efficiency, you need to leverage on both payed traffic methods and free traffic methods. If you have the money for it you should indeed buy all the traffic to your opt in page you can.

Organic traffic takes time, hard work and consistency. You also need the necessary skills to accomplish this.

If you wonder how to get traffic to your website, opt in page or your product, you can read this article.

You can expect 30 cents return for each subscriberon your email list.

This means if 1 of 3 of your paid traffic opt into your list, where you payed $1 for each click, you have used $3 on paid traffic to make 30 cents.

But sooner or later, it will even out and you will start to make money.


Build Your List With Aweber

They are widely used and can incorporate with the most programs out there. A lot of serious programs out there recommend Aweber.

You Can Read My Review On Aweber Here.


In The End….

It doesn’t matter how much traffic your website got, it doesn’t matter how many followers you got on Instagram or, YouTube. It even doesn’t matter if you have 10 000s of people on your list.

In a nutshell… SEO, website, Keyword rich content, videos, pictures…. all those things… IT DOESN’T MATTER!

If you don’t convert to any sales or know how to follow up with your subscribers that is. You need to know what to do with your list and how to promote to convert to sales.

If you know how to do all this, then you will make good money. 99 % of your money is in the list. You need to sell to make money!


If you ever need a program that will help you build your list with laser targeted buyers, please don’t hesitate to contact me and I will help you out.

All the best,

Fred Eimhjellen, founder of resourceformoney.com


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Time Management – Treat It Lke Your Household Budget

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How Do I Ever Get The Time For It?

I have a family to support. I Have 2 Kids, one boy at age 8 and a teenager girl at 13. I have a wife to support and a 9-5 job. Sometimes I need to work overtime as well. I’m not satisfied with my job, I’m not happy.

Working too much and earn too little. We have a huge mortgage loan to pay and we only have afford to one car. My Son is taking karate lessons and our daughter is a cheerleader.

I try to get some time for my self as well with my buddies and co-workers while we are at the golf course. I need to get another job. A job where I can make more money to support my family. I need a job where I get more spare time with my family.


Does it sounds familiar?

  • Do you need more time in your life?
  • Do you need more money in the bank?
  • Are you tired of hard work and the stress that comes with it?

We All know that the solution is to build up your own online business. The answer is to be your own boss. But the problem is still the time issue.


How can you make a home based business for your self while you have to focus on your day job and your family?

Well, Here is where the time management comes in. But I don’t have the time you say. I’m a firm believer everyone have a little more time to spare. But not everyone knows it because they have not a full overview of their day.

  • 06:00-08:00 You get up, take a shower eat breakfast.
  • 08:00-08:30 You take the kids to school and go to work
  • 17:30-18:30 Dinner
  • 18:30-21:00 The kids homework and family time
  • 21:00-23:00 Here you have time to work with your online business

Your time schedule could look different, but as you can see, it’s not impossible to squeeze in an hour or two in the week days. Maybe you just need 30 minutes or an hour on your breakfast. Then you have 1 hour or more to spend.

But you need to write this down, make your self a schedule and stick to it.

Maybe you are a student and are available from 17:30. Do you know what you spend your time on from that point until you go to bed?


What is time? According to Wikipedia, Time is the indefinite continued progress of existence and events that occur in an apparently irreversible succession from the past, through the present, into the future.

Time is a component quantity of various measurements used to sequence events, to compare the duration of events or the intervals between them, and to quantify rates of change of quantities in material reality or in the conscious experience.

Time is often referred to as a fourth dimension, along with three spatial dimensions.

Lastly Albert Einstein said There Is No Such Thing As Time Management. Because We have decided that there is 24 hours a day.


 

You can only manage yourself according to time.

So how can you do this in an effective way?


Time Management (Don’t Waste Your Time)

Write down the tasks you are going to do throughout the day and prioritize them. Regardless of how many goals you have, make sure you do the number 1 priority.

Aim to make all of them, but start with the top priority first. Make yourself a blueprint and take action.

Learn of your mistakes and strive to learn new things along the way.

If you are tired, or if you are not focused on what you are doing, and you find yourself do other things, take a break and relax.

Go for a walk and think about how you can get on your right track.

B-A-L-E-R-T

  • Blueprint
  • Action
  • Learn
  • Exercise
  • Relax
  • Think

An idea is to use the pomodoros technique to manage your daily tasks.

  • Set a timer to 25 min take a short break. Typically, 5 min.
  • Do this 4 times before you take a longer break. 15 to 30 minutes. Rinse and repeat.

When it comes to the tasks make your self 4 categories

$/ money making activities – promos, launches, webinars

Connections –  prospects e-mail marketing/phone call marketing et

Leads –Attraction marketing, value content on Facebook, branding

Other – Content Writing, blogging, YouTube videos etc


You can category everything you want or need. And you can categories it anyway you like. As long as it makes sense to you and you have your main focus on making money. You do that with your marketing through your content.

This is a blueprint solely on your business. But for this to work, you need to find time to your business. That’s why it could be beneficial for you to write down your whole day and what your use your time on.

You need to know that it takes you 3 hours from you leave your house until you are back home again. 3 hours spent on going to the gym. Do your workout, get dressed and go home.

You need to know that you use 2 hours on Facebook and other social media.

You need to know that it takes you 2 hours preparing food and eating your meals.


To know how much time you got to use on your business, or your personal life for that matter, you need to know exactly how much time you have spent on other activities.

Then it’s easier to say I don’t need to use 2 hours on Facebook. I can use one our instead and use the extra hour on Content Writing.

You need to treat time management in the same way you treat your family budget.

Have a full overview, make small tweaks here and there and you will get more money to spare. You can do this with proper time management. Instead of saving money, you saving time.


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