Showing posts with label entrepreneur. Show all posts
Showing posts with label entrepreneur. Show all posts

Tuesday, February 13, 2018

Answers To A Series Of Questions: The REAL TALK Life Of An Internet Marketer

Building wealth using Internet based products and services  WeHit


I was recently ask a series of questions from one of my Facebook group member. He is considering Network marketing as a way to generate extra income as he faces retirement after 30 years in the workforce. 

I was humbled, when he inquired that he had read a few of my posts and articles. Feeling that I had a "wealth of knowledge" for which he could pull from.

In reflection, as I replied to him, that I have been doing this online networking for over 15+ yrs. That I am in fact, NO guru nor marketing sensation. Yet, what I can offer, are facts, hard knocked real world experiences in an industry that is some what saturated and can be misleading. Yet, one can create a worth while income if one is serious about their ultimate goal........to network using the internet to generate an extra income source.


I have also re-published a couple of articles from a few years back to include along side this post. I have title them "Back to the Basic Series" that follows. Tagged below:



 Back To The Basic Series: Web Presence - When Marketers Need To Network Market

Back To The Basic Series: What Is SEO.....Search Engine Optimization?


I would like to start this article with this proven reality. There are many many roads that you can and will travel down in your pursuit of  success in this industry. Whether you travel by MLM (multi-level-marketing), direct-sales and/or affiliate/referral marketing. The methods for which you will acquire your brand/name recognition,  generate leads and the product and services you choice to associate with will require effort. Nothing ever in my life have I done, wanted or that was worthwhile.......came easy or without setbacks, disappointments and failures. POINT BLANK!



 Earn More Money Affiliate Referral Program
This is life's law, and when it comes to money, there is plenty of it out there in the world for sure. But no-one, no-one is just going to give it to you nor will it come instantly. Keep that within your common view points as you journey along your ventures.



As you will find out as you read on, I will be honest, yet simple. In the last few years, a fav. quote of mine has been just that "simplicity is simple". As with many of life's episodes, difficulties generally become even more challenging when they are dealt with negatively or with complexity. 


"LIFE is really not that complicated (especially now, in our modern age state), humans just make it that way!"


 To start off with, my last 3-5 post/articles are re-prints from 2009 - 2011. I'm republishing them as they not only apply to my current projects, yet are taken it back to the basics. Again, keeping it simple. 


Once your foundation is secured, all other endeavors can now be built upon this infrastructure. So please indulge yourselves in my previous articles after you have read my reply to my fellow colleague.



QUESTIONS ASKED:
Who is your target market ?? How do you promote your service?? What are the most effective channels of communication?? What are your biggest challenges and your biggest success?? Would you change anything that you have , looking back ?? 


I will be as straight forward and honest..........as that would be my best advice.

Be honest, always be upfront & truthful. Because this will have a direct effect on what I feel is the most important aspect of your business/company..
........

Your name aka your "Brand"!


Below are the stages I went through in the transformation of my logo and image. I started this journey for him, my son.....my why!
(WE) would always remind me that it wasn't just about the WEalth, but WE (Him & ME!). As the times of trials and life's tribulations arose, it would also become my motivation. To never forget why I began this quest.

For me, my tactic/strategy was whether straight forward. Wehit has been in circulation for a few years now. The thought process into the name stems from people who are always interested in wealth building, health & wellness. Which is the #1 product for online marketer, plus it was actually what I started out marketing. I was with a company called "Legacy For Life" which is something like i26 now. Of course, the internet and technology is everywhere. Wealth Health & Internet Technology acronym for WE.H.I.T. Along side the fact, I wanted us (WE, my son & I) to hit it big on our own terms.


Wehit Wealth Health Intrenet Technology Logo
When you work as hard as you will, put in the insane amounts of time and spend the types of $$$ to acquire clients & consumer. The last thing you want, is to lose him/her over distrust.






As you've seen recently, for example, the Wynn Resorts. A very successful venture for all these years. Then wham! A bad practice, lie or of course, the mistreatment of your employee, client or customer. Everything you worked for is swept from underneath you within a blink of an eye.


For years his brand will be tarnished. (I believe they are selling the brand resorts) With the #metoo movement in full swing. Yea.....probably the best business move.


But if you were a little mom & pop business your brands reputation would be a bit more costly, even devastating.
So yes, always treat everyone you come in contact with the utmost respect. As you will see later on, longtime clients/consumer relationship may become long time friendship relationship.



The Internet can be unforgiving



WeWork Brand name Logo  Affiliate Bootcamp

When people see your name, brand, logo or anything that you are associated with. You want something "positive" to be the first thing that comes to their mind.   




I guess the next question I'll tackle real quick would be, would I change anything hindsight

You know, we all in hindsight can be assured this rosy path to our goals and successful outcome of our ventures. If only we did this or changed that. Fact is, life doesn't work like that. We live and we learn. We apply, we do and we respond to the re-actions of our actions. 

Internet marketing, just as most businesses is a funny business. When I first made the conscious decision to pursue online marketing as a way to make an income........I was working in the prison system, running a mobile D.J. business, doing music production work, on call for a moving company (Mayflower). After my daughters wedding, I found out I was going to be a dad again. (I have two older children from a previous relationship that had ended several years earlier.) 



I stayed busy......what I learn before about raising children is they grow up fast. As much as I tried to be in my two oldest life, when you looking at them at 20ish, you still question yourself. Wondering, could I have been there more? Looking at two grown people that you watched morph from tiny babies. Does a little mojo on your psyche. Knowing that I now will be going through this again, what was I going to do this time. 

I had some sales experience (Funny thing is I really didn't like sales, remember being honest) I sold computers, TV's but mainly audio equipment. Big screen TV's was the rage, bag (bricks) phones on the raise. Try convincing people to pay $1 - $3 a minute to make a phone call, where you had to be in a certain location because of limited coverage. When a phone booth call cost between 15 & 25 cents. 



Music production equipment Set-up
When I would sale audio, my main gig, due to my background in sound and recording engineering. I knew my equipment pretty well. Yet, we were trained/told to upgrade customers. I always stayed within the top 3 sales leader-board. And I didn't consider myself a salesperson. what I did was sell what people needed. I'd ask them what they plans were, how long they expected to use their equipment. Fill them in on the future of audio & video. In other words, I was educating them along the way. They became my repeat customers. 

They would even pay me to come to their homes and set up they equipment. Remember back then, you start talking about left & right channels, Dolby surround sound, center, rear speaker hook-up, syncing Dvd/laser disc players with Cd players and cassette decks to receivers. Well.......most people just want it set and play. 

What I'm getting at, when we talk about hindsight, comes from my most important quote ever. I use this a lot........
"Everything Happens for a reason

You read into the road/path ahead of you and take what was giving to you yesterday and grow with it ~ win or lose! If I was to take even a little something and changed it.......would the message/lesson afforded me or someone else, get to it's destination. Our mistakes are our life's lessons. Some of us need a few knocks to get it right, some get it right off the bat. 



As business & entrepreneurs, those mistakes and set-back are what makes you stronger and hopefully grow. I can't change anything hindsight......but I can use what I've learned yesterday to better my path tomorrow. So should you.


Pave Your Own Path
Our goals are one big picture puzzle. In our minds we see it. We can plan it out on paper for clarity. Yet, it is when we execute, fall down and get back up, when we appreciate the little gains over the huge setbacks. We put a little piece of that puzzle together. The more pieces we get to collect or learn and apply it the base of the puzzle....... the clearer that puzzle, that picture becomes.





 


Next I'll cover targeted audience, there's a couple of ways to look at this. Your audience will be determined by your product or service. It's really that simple. Once you've provide the internet a means to finding you.......website/blog. That's where you start on SEO, Search Engine Optimization. Your product/service will determine your keywords and phrases that you will use. 

As for products or services,  you may come across some that will say concentrate on one product or services. And yes, that's fine. Especially if you are new to this industry. Focus on setting up your brand and establishing SEO. But you will soon fine out.......let me use the following as an example. 

Go into any store, restaurant or shop. You will not find any of these places with just one item. You won't go into the grocery store to find just one product, into a restaurant, and only one item on the menu or at service shop, where they offer just one kind of service. 

Why then would you spend amazing amount of time and energy building on one item. You want to build for expansion. This is called multi-streams of income. The wealthy use this simple method always.




 I'm going to address the two questions on promotions & effective communication channels as one. It will be some what short and sweet. (I think) Establishing your brand, your identity online as your foundation. This will start a domino effect as you apply a multitude of strategies along the way. 


First, you will find that there will be an endless sources of marketing materials at your disposal. They will range from free to $1000s. Take your time. Because you first want to figure out what your niche or identifying trait will become. Meaning, what will people come to associate you with. 




As you pin point a direction you want to travel. Keep in mind these thoughts. This will be a long term endeavor. (This is a business, remember to build it as that) You will be able to do most of the work via internet/computer/smartphone. 

With that being said, remember you want this to be a passion not a job! So, think about the things you like, what are you comfortable with and what will you want to do consistently that you will have fun doing. Believe me, with all the time & effort necessary in putting your business all together. It is less stressful when you are happy and passionate about it's what you are doing and about it's outcome. 

What hobbies do you like, what are you interests? What are your talents, jobs skills? Apply those in your business plan! Yes, internet marketing can have a business plan, this is your future business and income stream. Business plans help you focus on the details that easily get overlooked. When you have these in place.....realize that this leads to your knowledge base. You should be a bit comfy talking, writing and promoting what you know. There is where you will find your target audience. There you will find your avenues to products and/or services to exploit. 



As for channels to market. Every place, every outlet and every medium is a potential exposure, client or sales. Money is everywhere. So you must get your brand, product and service to the masses (a narrowed target mass of course). Offline, flyers, talk about what you do to people.



Remember, you should involve yourself with products & services you are passion about. 

Things that you like, are interested in or hobbies. All you really are doing then is talking about what you love and oh by the way.......you have a product or service attached to it. 

Challenges in internet marketing are establishing your network and capturing quality leads. I said earlier, money is everywhere. Yet, people are hard pressed to come up off of it.

Simply start with what you are comfortable with in terms of the different types of services to use. Your main focus will be the use of "SALES FUNNELS", this will help build your "LIST". 

But get solid in the uses of your essentials.........websites, blogs, writing style and the use of social media outlets. Then explore paid services. You will go into them with a much better understanding of their effects and worth.



Building relationships through Network marketing
My biggest success?
.........finding and building relationships. Your business is consumer oriented. You are socializing. Make them apart of your family. On all my different media outlets, the ones that are still around. Stayed around even though they were at one point or another a client/consumer then dropped out or stop buying product. Yet, because of the relationship built, they are still in my circle today. 


I still have what are now my personal friends, that were merely online marketer back when I started. So I actually build my friendship base along the way. Some have help me deal with issues as I was raising my son solo. He's a teenager now....and trying to be a grow-up before he really is. "Sign!" And a few have been a blessing because there were times I'd be online or call and have met, talk with him. So he also knows a few of them from when he was like 5 or 6 yrs. old. 

Everything happens for a reason........Do what you love, give it 100% and it just works out in some form or another. Again, I haven't made my millions yet......but all that effort, knowledge from the past, it sure is shaping that future! Live & learn.......LIFE of an online marketer!

Continued success & blessings
Andrew "1stPeacemaker" Hayes




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Back To The Basic Series: Web Presence - When Marketers Need To Network Market


Marketer Networking Online using Internet Marketing

Back to the basic, in a series of re-prints articles from my yesteryear's as an internet marketer. I'm republishing some of the basic fundamentals of network marketing. 

There's a lot of information out there that tends to become mangled, twisted and whether confusing to those just getting into this industry. Hopeful you have read my previous article.........where you can you can get a glimpse of my back ground journey into the world of laptop/smartphone marketing as a home business.

Why my concern to back track on the simplicity?


Baby Boomers Population Graph
With some 75+ million baby boomer set to retire over the course of the next 14 years. They are turning 65 years of age at a rate of 10,000 a day. Many, as the latest statistic proclaim, will not have the funds to enjoy a decent retirement. Sighting 45% have no retirement saving at all.  Boosting a near 65% having to continue working past the age of 65. 



Baby Boomer and Technology for Home Business
There is technology that is in place, to allow our most popular generation an opportunity to at least work from the comfort of their home after retirement. After decades of punching the clock. And setting the stage for the younger generations. It's time we bring them into the online marketing loop.

   I like you to take a moment to picture this scenario. Its Saturday afternoon, you get a called from a friend, telling you about this huge sell down at the mall. Great, you love a good deal. Problem is, they didn't tell you which store had the sell. Malls are filled with many types of stores. Which one do you go to, how will you know where to get this great sell? You walk up & down, looking at all the printed ads in the window. Hundreds of shop to choose from.

Two very important events happened here.....

   1) A friend gave you information on a sell -- Word of mouth, networking (marketing) referral marketing

   2) Now that you know about this sell, where do you go to get your deal? 



The search......! As you pass by store after store, reading the advertisements, eventually you find the right store by what you see & read on outside ads or display racks. It is this very same nature of consumer hearing, seeking out and buying a product/service in a physical store as it would be in your online store.

   The most important piece of the puzzle in internet marketing is your web presence. Your web I.D. 



Internet Marketing with Landing Pages
   The place where consumers thirsty for your information, products and/or services will visit. This also known as "Branding". You create an online brand by building a business presence. Your website will serve as your main online presence and will act as a center point for all of your online promotional efforts. Your website should be distinctive, easy to navigate, and full of useful information. 

   Think exactly what purpose you want your website to serve. Information, promotions of other businesses, hobbies etc., exactly who your website targets, should have been made little cleaner, defined with your business plan.
  
   No matter how small your company is, if you are selling products or services, it is essential to have a website to reach your customers. Websites do not cost too much to build. Consider your website as a tool for expanding your business and profit. The internet has become  inexpensive, fast and the most reliable form of communication in this hi-speed  paced world of ours. And having a website, is your store in that huge mall we talked about earlier.



 Internet marketing with Email List Building Strategies
 Taking your business on the internet is going to open up an entire new market for you than a physical store, simply because of the vast amount of potential customers you can reach.(one & half billion people are online across the global in 2009 to just over 4 billion user in 2018)

   Your website must allow customers to do business with you. People want to do things fast. This world is in a rush, people carry cell phones and laptops, so that they can stay connected. Your website is as powerful marketing tool as newspapers and magazines were in the past. If you want your business to go global, then you definitely need to have a marketing website.

   There's very little that can't be sold over the internet. With 10's of millions shoppers now online, purchasing everything from books to computers to cars to real estate to jet planes to natural gas, you name it. If you can imagine it, someone will figure out how to sell it online. Ebay, Amazon and even Walmart to name a few.

   Internet marketing research firms predict that the number of online consumers will grow at a rate of 25% to 45% over the next few years. 25% to 45% growth.,,,..you've got to want a piece of that pie!


Internet Marketing Infograph

   Consumers now search for information online prior to making a purchase at a brick-and-mortar store, your site may be the first chance you have at making a good impression and capture that sell.



  Your website is your store online; so you must have a presence on the internet so consumer can easily find out more about your business and the products/services you have to offer. 

   Everyone that is in this industry needs a website. Why? Most home-based internet entrepreneurs have what is called a replicated website for that business their in. 
You've seen these urls: theircompanycom/yourname


Google Search Engine BoxDid you know that these (internet addresses) can not be picked up by search engine spiders. (Programs that constantly crawl the internet - worldwide web collecting information for search engine index.) This is how one is able to locate websites using Google, Bing, Baibu, Duck Duck Go & countless other search engines. Google being the reigning king.


   Imagine all the free traffic & sales.....missed because visitors simply can not get to your website. Worse yet, brought from someone else who was able to draw that visitor to their business site.

If you have an online business with a replicated website You need a permanent home webpage.

Solution:

A website with *Forwarding service*

   If you are unable to move your existing website content (replicated website), hard to remember, unprofessional or just plain ugly url. You may want to think about establishing your own domain name website with forwarding service. Someone visiting your permanent web page can automatically be transported to your existing website instantly.
Another reason to have your own permanent web page.

Try this:

Place in the search engine box of Google, these keywords........
WeHit  with any of the following words......Wealth health internet technology

   You will find something about my site or me....... http://www.wehit.org  in these positions 

Wehit -
   Google ~ 1st page - position #1, 3, 4 & 6 spot listings
   Bing ~ 1st page - position #1, 2, 3, 4 & 6 spot listings



 Internet Marketing with Sales Funnels
Wealth Health Internet Technology -
   Google ~  #1 & #2 spot on pg.1 (out of 23,900,000 results)
   Bing ~  #1 & #2, 3 & 4 spot on pg.1 (out of 34,300,000 results)

I have a web presence for my informational website business.
Could your business use that kind of extra exposure? 

Be presence

See you @ the top,
WeHit




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Saturday, February 10, 2018

Follow-Up To My MLM Re-Print: Market Saturation.....The Truth Is In The Numbers



Andrew D Hayes, EzineArticles.com Basic Author

 In my last entry, I touched upon the inherent issues that come along with many MLM companies. I'd like to dig a bit deeper. These inbuilt issues when understood, can provide you a bit more intel when you are pursuing a career in MLM as a home business.

Again, I like to add that I am in no way attempting to denounce nor promote MLM. Merely providing facts I can confidently write upon. With a number of years actively participating in this industry under my belt one thing is for sure, I can say its night & someone will see it as day. Yet, in MLM , it's ALL about the numbers & the numbers don't lie.

Tapped Into The Full Potential of Your Brain


 How you intake this information can surely be up for debate, but please feel free to reply, comment and discuss said topics.





Realize, that a lot of our societies infrastructure incorporates some form of pyramid like structure.  


Lets see.......the military, Army & Air Force, (Generals, Majors, Sgt, etc.,) our government and as I pointed out in my last entry most traditional business models this pyramid structure.



- A typical corporation will have a CEO or President at the top, then their directors, the directors have their managers, and the managers their supervisors, and the supervisors have workers who do the work! 

In an traditional supply chain structure it operates like this:
- Manufacturer
- Distributor
- Wholesaler
- Retailer
Customers
   Each step adds expense to the final destination........the  consumer!

In Network (Internet) Marketing (MLM) the structure operates like this........
- Manufacturer (supplier)
- Distributors (you)
Customers (the end user)

These customers, represent a targeted market that you the distributor have to penetrate.

Running your online business so that it becomes profits, is where some MLM companies structure make it nearly impossible to achieve. Why......?






Well, you've heard that famous quote.....
"It's a numbers game"!

You best believe, that it is the numbers needed to stay ahead (profit) that does.......become the issue.

The compensation vs. the consumer vs. the distributors 

Simply by the numbers alone: 

Let say your business needs to employ/recruit 5 people now that 5 needs to employ 5....and so on and so on! 

Here what it would look like.................

LEVEL ~ New Members needed
1       ~ ~     5
2     ~ ~      25
3     ~ ~      125
4      ~ ~      625
5      ~ ~     3,125
  6     ~ ~      15,625 
7      ~ ~      78,125
8     ~ ~      390,625
 9     ~ ~      1,953,125
10    ~ ~      9,765,625
11    ~ ~     48,828,125 
12    ~ ~     244,140,625
13     ~ ~    1,220,703,125

This is just you - what about the other 10,000+ people that are also looking to market that same business!
In this manner, MLM can differ financially from normal business practices.
Most Advanced ~ Powerful Cryptocurrency related Trading Software

Market saturation - Point at which a market is no longer generating new demand for its products or services. A result of competition, decreased need. Simply not enough targeted consumer or end user!

Knowledge:
This is why the importance of a solid product and/or service oriented company will be your true money maker in your online endeavors. 




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Thursday, February 8, 2018

Reprint 2010: Some REAL TALK (facts) About MLM...... Why Its Tough To Really Make Good Money!



Reprint from June 2010, 

Years before this original print, I started this journey to work from home. I saw the potential a computer & Internet access could have. 

My youngest son was just born. Shortly thereafter, became a single parent Dad. I was even more determined to succeed in this world of Network marketing/MLM (Multi-level-marketing). My passion was there, my "WHY" on point (my child). And as desktops became laptop then tablets. I could picture me at my sons practice or games and not missing a beat when it came to answering messages, working on my latest website/blog or promo, seeing in real time new orders or welcoming new clients. 

Yet, even with some success, a few dollars in my pocket here and there. This never quit mentality, that complete picture just seem to eluded me. 


See it's not that success couldn't be achieved, there are handfuls of very successful marketer in MLM. Then are those that keep a few dollars in the bank and the rest, well......the rest, live to fight another day.



Several things I have learned along side this print.......

1) You really do need an outstanding product or service
2) You will need to put in work, lots of work.
3) Some companies will fold.
4) There are no over-night successes.....Don't believe the hype!
5) Life events will have their way.

See if any of what I wrote back then applies to your business mentality today. Enjoy my flashback in MLM.

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 02/08/2018 Market Summary

Market Quotes by TradingView

Ask yourself this question (particularly if you have been working with MLM)......

  • What is the average time your clients STAY with your business?
  • Are you constantly, replacing clients that dropped out with NEW ones?



   I know there are die-hard MLM fans out there, but really, there is a disturbing truth behind this question! And many folks involved in this industry.....know the truth!

Andrew D Hayes, EzineArticles.com Basic Author


   In my last entry, I talked about the worth of working from home as an Internet marketer. One word that should stand out is "EFFORT". There are many reason why people fail in this industry.....lack of effort is only one of them.

   Why, because most people are "recruited" under the pretense that to make a lot of money, it only require a few hours of work. After a few attempts, a few hours "effort" with little response they are ready to throw in the towel. But MLM type companies have many other issues as well.


   Before I begin this article, let me be perfectly clear. This is not an attempt to undermine or put down MLM as a home based business opportunity. I have (in the past) marketed some MLM companies and would most likely (under the right conditions) market some in the future.



*These participation usually pertain to products or services that will benefit your online business!*

Keywords being an actual product and/or service (to an end user)!

TIP: See, what a few marketer in this industry do not understand is that many of the techniques, products & services use to promote MLM type businesses can also be use to build other types of legitimate online business.

   However, there are some real facts based on a number of years that I have spent....dealing with, participating in & research of MLM companies over those years.

Once again, this is not an blog that is meant to degrade MLM, but as an aid to those who maybe looking into  or wondering why they are not succeeding in their MLM type business.



   Let's start, over the years, they are people who have made plenty of money in MLM companies. Truth is, the basis of MLM structure is that of traditional business model. A typical corporation will have a CEO or President at the top, then their directors, the directors have their managers, and the managers have their supervisors, and the supervisors have their foreman's who have workers that do the work!

   The structure of MLM is at it's basic.... build upon this platform.  I'm not here to discuss in-depth MLM structure. Whether, the inherent facts that are embedded in every MLM!



Some real talk when it comes to marketing MLM companies.




In my first months of marketing online as a real business, meaning that even though I had done some direct sales marketing in the early 90's. I was still wet behind the ears when I became interested in internet marketing.  (After some research), I understood that money could be make with hard work & effort. See, there were certain aspect of direct sales marketing that taught me much about MLM type business to that point!

TIP>>> Truely, one really simple fact.......You will have a much higher success rate (% wise) when you have an actually product or service to sale to an end user.....a customer!




Even with that wisdom in mind, I began using the training, paying for online/offline advertising, buying leads trying to convince prospects to join or stay in  my businesses. 



Clients would just drop-out for any reason......I've heard so many different excuses (which is really what they were, excuses).



The income from commissions was still less than my R.O.I. (Return On Investment). I was truthful in my presentations, careful not to hype products or services excessively ( I'm turned off by this types of tactics of advertising myself), willing to build relationships etc., yet I kept losing my clients. The harder I seemed to work didn't seem to stop my rollercoaster ride in building my MLM business.



There is a reason for this.

Now this was a few years ago. I've seeked, explored & have learned so much since then!

Nowadays, there are 2-3 times more of these MLM type businesses and more every month.


Seriously, the odds for an individual to achieve financial success is against them straight out the gate.


For one, MLM are not defined nor regulated like say, franchises (McDonalds, Subways etc.,) are. MLMs can be established without federal or state approval. There are no federal law specifically against MLM with many of them in fact, being nothing more than pyramid schemes in disguise. Not all but many are floating around out there!


MLM, just like pyramid schemes, generate income from those continuous influx of new distributors at the bottom that goes straight to the top and that profits those in top level positions & their sponsoring corporations.




Fact ~ one the largest MLM, Amway, of all distributors they only produce 1/2 of 1% of basic "direct" distributor level, with an average income from those Amway distributors being about $40 a month. Where do you think ALL of that revenue from the other 99 1/2% went too???


And think about this, you are likely to find these businesses, at one point will claim that there are X amount of people enrolled in their business. Usually some number in the thousands, of other distributors who are making money just like you.

 


Which brings upon another fact......

Market saturation! The simple fact is that even the most successful products will have only partial market penetration.




Huh???  LOOK......not everyone will buy, say, a PS3 (Playstation3), some will buy the Xbox! Not everyone will buy a GMC car some will buy Toyota.

Yet, these MLM companies have 10's of thousands of distributors. Is there a cut-off  point when enough sales people are hired? In a traditional business, there is someone that says, "OK, we have enough, let's stop hiring people at this point." But in most MLM, there is no way to do this. Or they don't do this. And your MLM company continues to saturate the market. Out of control by design, this will eat up the lower level distributors money, time, credibility, and entrepreneurial energy of well-meaningful people who joined trying to find other distributors.


Some of these businesses are primarily in the business to continuously enroll distributors with little focus on products or services retailed towards consumers (an end user). Unless, of course, it benefit the company. Things like leads generation programs, auto responders, splashpages etc., 

(Which again does what.......benefit top level participants).




   BIGGEST mis-conception about MLM is it can be done  in your spare time. As a business, it offers the greatest flexibility and personal freedom of time. A few hours a week can earn a significant supplemental income and may grow to a very large income making other work unnecessary.

Come on, now really.......I understand this business of advertising.


Example: You go to one of these fast food joints, We look at the menu, and boy those pictures makes you want to eat the menu. When ever, has your burger sandwich or meal ever come to you looking like it does on the menu? So yes, there is always a bit of hype (exaggeration) in advertising, commercials. This is or has been reasonably except-able. MLM companies or their distributors on the other hand, sometime really do over do it. Many times bordering false advertising. Which is almost always cover by the fine printdisclaimers!


   Decades of experience involving millions of people have proven that successful entrepreneurs who make even a reasonable amount of return on their investment ~ requires extraordinary time, commitment as well as hard work, effort & persistence.


Which is WHY people drop out of they're respective business.


   It’s sad that 95-99% of all home businesses (mlm and network marketing) fail to produce a substantial income (if any income at all). And this is well documented. The remaining 5% are considered to be the home business or internet “guru’s” that make ALL THE MONEY! 

The average income for those that do make an income is $5000.00 per yr. The top 2 sales group are Health & Wellness & Services.



   
Top level participants

Most people begin and end their MLM career only talking to a few family members and friends. That is the extent of their lead generation, their marketing campaign. Their effort to run a business. Clearly, any serious network marketer or business owner cannot build a sustainable income like this.

   Truth is these guru's can claim they built their massive organization nearly over night, however, it took them years of building teams through affiliations with numerous other MLM companies. After years of building relationships with hundreds or thousands of distributors, these top producer can switch companies, contact their down-line (list)....... and have what seems like an overnight success.


   Choosing the wrong product, a weak compensation plan, the wrong team or the wrong lead generation system are other reasons you will fail in this MLM and network marketing arena.


   Strategic planning, organizing and goal setting are all a major parts of running a successful business, whether at home or in a traditional brick & mortar business.


The exact nature of your internet marketing activity will depend on the following things:


   - What do you want to achieve?

   - How you are going to achieve it?
   - How much you are willing to invest?
   - Are you willing to dig in and work hard towards your goal/dream?

TIP>>> Understand that most home business entrepreneur and network marketers are ALREADY in business for themselves. They already have a business opportunity, or affiliate program, and don’t want to hear about yours. So don't spend alot of time or effort in that direction!


(Don't believe or understand this statement.....take a look at your inbox of your email, social networking etc.,)

How many opportunities do you pass up?

   Ok, the question at the beginning of this entry "What is the average time your clients STAY with your business?"


   After an intense research...... There seems to be no actual hard data, giving the nature of many MLM business over the last decade. With no real state or federal regulations in place and many company's being fly-by-night operations. True data can only be calculated through numbers provided to the IRA by up-front companies who reps are required to provide their social security number for tax purposes.



 * Roughly 70-75% of new start-up MLM companies fold after the first year
    * Nearly  60% of sign-ups to an online business cancel after the 1st month
                 * Nearly 80-85% after the 3rd month                                                        
                                              
   Again, many many MLM. network marketer understand that there is a very high turn-over ratio in this industry. Granted that you have been networking for a little bit, it is easy to see.

I know I  do.


Visit these sites for some interesting topics on MLM


 http://pyramidschemealert.org/


 http://www.falseprofits.com/FalseProfitsBlog.html


 http://www.mlm-thetruth.com/

 http://www.mlmwatch.org/

   Hope that you find this piece, of value to your online endeavors. Also remember to really focus on the basic of marketing online. When you take care and have a solid foundation of the essential working of marketing online. Many of the pitfalls can be avoided.


   Find your own groove or niche, that is how a true entrepreneurs succeeds. Don't just think outside the box.........Get rid of the box all together. If you need and want to work successfully from home/online you've got to be willing to adjust, work hard and stay informed.



Sincerely,

Andrew



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