1. Your Own Business: When you join any MLM program, you are not
joining as an employee. You don’t have a salary. You don’t have a boss
who tells you what to do. You become self dependent. You are the boss,
the owner and everything. Remember, you are joining as an independent
distributor. This is your own independent business. You can choose,
decide and operate the business the way you want it. Nobody is going to
tell you what to do.
2. Can Be Done Part Time: One of the
greatest things about this business is that you can do it part time
while still doing your ordinary job. You don’t need to quit your job. It
is advisable to maintain your job and do it part time as this will
double your stream of income. Once you can see some income before
getting into it full time. Unless of course you have financial back up
to back you up the first few months of running this business in the
beginning.
3. Fast Return on Investment (ROI): Since MLM is
your own business; the return on your initial investment that you made
can be earned back as quickly as you build your business. Many income
earning opportunities are available in MLM. If you sell your products,
you earn immediate retail profits. If you sponsor someone, you earn fast
start bonuses. It is really in your hand how fast you want to make
money with MLM.
4. Easy to Understand and Operate: Unlike many
conventional businesses with complex and complicating business rules,
MLM is a business that is very easy to understand and operate. You just
need to understand how MLM works and do it. The key is in sales and
building a network of people doing the same thing under you.
5.
Choose Your Partner: MLM business requires your recruit others to build
your business. Since this is your business, you can actually choose who
you want to partner with to build your business. Smart business people
will choose their business partners. Imagine having someone who has a
burning desire to change his life in your business compared to someone
who don’t.
6. Low Start up Cost: You don’t need thousands of
dollars to start your MLM business. Usually there are two ways to join
any MLM business. (A) Join as an ordinary member and build your way to
the top or (B) you can start with a fast start option which gives
additional edge in starting this business. The investments can be as low
as only few hundred dollars.
7. Low Operating Cost: This
business does not require a high operating cost. You don’t need to rent a
office. You can do it from the comfort of your home. Your operating
cost is determined by your marketing strategy that brings you sales and
opportunity to share your business with others. Once you have duplicated
and build a strong team, your expenses will be only in meeting and
helping them grow more.
8. No Employee to Pay: In this
business, you don’t need to hire people to work for your. In fact in MLM
you are not working for your MLM business; what you are doing is to get
the MLM business work for you. Yes, you need to sponsor people, but
they are not your employees. They are your business partners who will
help you grow your business. Help them grow theirs and you will see
yours grow.
9. No Inventory to Keep: You do need to buy and
keep samples of products but that just a few samples to show your
customers or prospects. You don’t need to buy a large quantity of
stocks. That inventory of products is done for you by your MLM Company.
10. True, Legal and Viable: MLM companies are required to have direct
selling license. Thus this business is a legal and legitimate business.
MLM business is not a scam business that just sells dream. MLM business
provides a way to achieve your dream to its compensation plan. It’s in
your hand how you do it to achieve it.
11. Not a Get Rich Quick
Scheme: It takes time to build any business. Same goes for MLM
business. Not everyone will join MLM business. You need to develop and
build your business and that takes time. Yes, you can be rich doing MLM
but only after your build your business. This is a “get rich according
to your effort” business. It is a business where you determine your
success according to your own effort.
12. Small but Big
Business: MLM business is often referred as small business but this
opinion is not true. MLM is a big business. It is an international
business. This industry generates revenue of more than 100 billion USD
every year. You are in a big billion dollar business. You are just
operating it small but you are part of a huge industry that contributes
to the world economy.
13. Financial freedom: MLM business
offers an opportunity to achieve financial freedom through its
compensation plans. It is an industry that has produced more
millionaires than any other business. There is no cap to your income
like in employment. You truly have the potential to earn unlimited
income because in MLM, you income is proportionate to the size of your
team’s sales volume. You don’t have to wait for salary increase. You can
determine your income level.
14. Residual Income: This is the
only easiest business that can be started that provides opportunity to
create high residual income. Do you know what residual income is? It’s
like when you own a property and collect rent by renting it out. You are
not doing any work but that asset brings in a cash flow. MLM can give
you residual income after you have built your network large or deep
enough.
15. No Glass Ceiling: we all know about the infamous
‘glass ceiling’ that exist in corporate world. Your gender, race or age
can prevent you back in moving up higher in the corporate ladder. In MLM
business, your MLM Company doesn’t care about your race, gender or age.
It only cares about how you build your business and you will be
rewarded to that extend. In MLM, you decide where or which rank you want
to be and the positions are always open for achievers.
16.
Early retirement: to retire, you need some kind of residual income in
place to live for the rest of your life without having to worry about
your finance. MLM compensation plans often provide the most lucrative
income for high achievers. Once you have created a successful team and
leaders, the business can go on itself even if you are not there to
support. You will still earn on going income. You can use this income to
re-invest perhaps in real estate where you can create further cash flow
or residual income and when all is in place, you can retire early.
17. Help Others Achieve Financial Freedom: You definitely can see so
many people struggling to make ends meet. There are just so much of
economic insecurities. With low income, most people just do not have
enough of to cover basic expenses like housing, healthcare or food. When
you do MLM business, you have the opportunity to change other people’s
life by sharing this opportunity with them. If they join, you can help
them achieve their financial freedom.
18. Get Tax Advantages:
In almost all countries in the world MLM is a legal business. There are
significant tax advantages due to this. While you declare your income
tax, you may want to include your expenses like traveling, phone call
bill or internet as these can reduce the deductable tax amount.
Different country may have different rulings. You may want to get
professional advice on this or refer to the relevant government agency.
19. Know More People: MLM business also provides you the opportunity to
meet people from different walks of life. Some may even become your
life long friends. There are just so much to learn from meeting others.
Things that you may never even thought about. By getting to know more
people and talking to more people, you improve on your communication
skills, gain self confidence and improve self-esteem which is important
for the success of this business.
20. Benefit of Products: the
reason why a MLM company chooses MLM as its way of distributing the
product is to ensure the product they made reaches people and it
benefits them. Imagine putting a product in a retail shelf competing
with other products. It may just get lost in the shelf and the company
may loose money even if the product is great. MLM ensures that through
word of mouth advertising and recommendation this high quality product
reaches end user or those who needs it. You and I have the opportunity
to share a wonderful product that will benefit others tremendously.
21. Business That Works: MLM is a proven business that works. Millions
of people around the world doing it and are achieving financial freedom.
If it doesn’t work, how can it generate revenue over 100 billion USD a
year (DSA, 2010). It doesn’t work for those who are lazy and don’t take
the responsibility of how to run the business successfully. It does not
matter what business you are doing, you must know how to do it otherwise
you are doomed to fail. It is the same with MLM. Learn to do it, and do
it. If you don’t do it even though how smart you are, you will go
nowhere.
22. Anyone Can Do It: Unlike most conventional
businesses that requires some kind of specialist skill like sales skill,
experiences or higher academic qualification such running a hair
saloon, clinic or legal firm; MLM business can be started and operated
by anyone regardless of gender, race or education level. It has been
proven that even people who are illiterate who can’t read and write have
been successful doing this business.
23. Free Business
Training: MLM companies are concerned about your success because your
success in this business determines their revenues. If fact, your
sponsor’s success depends to your success and because of this the MLM
companies will provide you with the necessary training and tools for to
succeed in this business. Truly successful MLM companies focus on its
distributor’s success.
24. Power of Leverage: You can generate
income from the effort of others in your team. Many people misunderstand
about this part of MLM business. Actually this is not people using
people business but people helping people. If you help your team member
achieve the financial goals they are aiming, you gain leverage and earn a
substantial income for the help you given. I have never seen anyone
successful in MLM without helping his/her downline.
25. Total
Time Freedom: As for me, this is the most important aspect of this
business. Time is short. We can only live as to so many years. If we are
going to work for the rest of our life, we will never be able to do all
those dream things we want to do. MLM business changes this. Once your
business is very successful, you get total time freedom; meaning you no
longer have to worry about your business; you can now spend time doing
the things you have always wanted to do in life such as in travelling to
that place you always want to go or doing that hobby you always wanted
to do etc.
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