Are MLMs A Scam Or Is It My Marketing?
Wednesday, February 9, 2011 at 01:38PM Many network marketers are quitting MLM network marketing because they just can't seem to get anyone to join their business oppotunity. The first thing many people cry is that mlm is a scam. Let me explain...a mlm is an abbreviation of the term multi-level marketing. MLM is a multi-level pyrimid type of structure that allows mlm companies to structure their compensation plan.
Before you go off the deep end...remember big american companies such as GM, GE and even the company you're work for are mlms...check and see if their is one man at the top (CEO) and check out their salary and benefits as compared to yours. If you have a boss and your boss has a boss and so on... I must admit some mlms are scams but most of them are not.
The problem occurs when their is a disconnect with your senses when the hype tells you that it is possible to make $3900 dollars a month when you sponsor just 3900 people. Just think of that number for a minute.. The average network marketer can only sponsor 0.16 people per month marketing his affialate website.
The next hurdle you must overcome is the retention rate is really only 3-5 %...what i mean by retention rate is that only 3 to 5 people you sponsor out of a 100 will stay after 90-93 days. People are leaving faster then the average person can sponsor. I say average because those who make money in mlm don't sponsor their affiliate website but people call them and ask to join their mlm opportunity.
If your marketing technique cannot over come the shear numbers of prospects you need to signup in your business opportunity to overcome the dropout rate...you will lose money time no matter how hard of effort that you put in.
The moneys in the LIST! I know you've heard that said a 1000 of times...but it's true. You need a marketing system that is customizable and duplicatable that builds a list of prospects even if they don't join your business. Many list owners are just "hope pimps" that dump you into their marketing funnels and work you over till you buy something. This makes if bad for the whole industry.
If you want to change your results in mlm...you will have to change your marketing strategy. Try this marketing system and it will give you the success you deserve and you will find all mlm are not scams, it was my marketing system. Check my marketing out here. http://jamesbyrdlive.com
Keeping It Real!
James