There’s only two ways to make money in MLM
There are only two ways to make money in MLM.
- Gather customers
- Teach other people how to gather customers
One of the problems in many MLM organizations is the focus isn’t on gathering customers. The focus is on doing the bare minimum of customer gathering and mostly sponsoring new distributors.
When I’m focused strictly on sponsoring new people I sponsor people that don’t do anything. I sponsor customers that don’t use my product and I don’t make much money! This is one of the habits many MLM’ers fall into. They just focus on the short term money made from sponsoring people. The people they do sponsor tend to drop out quickly because they haven’t gotten any customers and haven’t made their money back.
When your focus is on gathering customers and sponsoring customer gatherers then you build long term income. The people who join your organization will be more likely to stay longer as they will be getting quick income from their customers. The volume in your organization will grow and so will your residual income.
Don’t fall for the hype of short term income by focusing too much on the opportunity. Remember to always keep your focus on people who will use your product and teach other people to use your product. That is how you will build true residual income.
- Ben Fitts
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That’s right slow long term income is better than quick short term income.You have posted an important information which helps those who wants to build their residual income in MLM.
- FreedomBusinessSystem.com
Hello Ben,
What you’ve said is so simple and so obvious–why don’t more people in MLM see this?
Ben, You hit the nail right on the head, Unfortunately many distributors TEACH ‘recruit, recruit, recruit’ so you can get the discounted price for these ‘widgets’.
If you focus on satisfied customers and moving product at retail, the income will increase and typically sales become more viral. With the push being ‘recruit’, instead of many potential happy customers (=bigger checks) you end up with disgruntled distributors and in the end, the business you are trying to build is a constant rebuild.
It’s sad that moving product is the last thing some distributors learn and even more sad, some are never even taught. I believe this syndrome most generally starts at the top. Most people in the Network Marketing Industry just follow the example of what they are taught.
~ Jennifer
I’m such a newbie when it comes to all this, thanks for taking the time to write this up, keep them coming!