Everywhere I turn there seems to be a new MLM program popping up.
My wife tried Arbonne for about a year; she spent more money than she made. A friend of ours sells Lia Sophia jewelry and admitted a while back that she is still spending more than she makes.
Just today a friend of ours told us about a woman he met in the doctor's office. She was selling some sort of gourmet chocolate that features the acai berry (sort of like that Mona Vie drink) and promised that one piece of chocolate had as antioxidant properties similar to those found in 12 POUNDS of tomatoes. Is that even possible? He's going to check it out, but I truly wonder if any sort of chocolate can possibly be THAT good for you.
Anyone else seen any new MLM programs lately? Do they seem worth listening to or learning about? Right now, I think I'll stick to the stock market.
Carl
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I'm sure there's hundreds throughout this forum Carl. One I believe has alot of promise is, I'm sure you have already guessed, is Gloablverge. At the end of the day when all is evaluated I am confident that I won't be paying more than I receive. The risk is very much worth the reward in my opinion.
If you wish to find out more drop me a message.
All the ones that I have been in actually require more work than money. Money is required of course, you have to have inventory to sell but I have made a lot more money than I spent.
Anyone else seen any new MLM programs lately? Do they seem worth listening to or learning about? Right now, I think I'll stick to the stock market.
There seem to be new ones all over the place, but they usually don't last a year.
I think joining a new one is really putting the odds against yourself. You need to know that they're solid and reliable and have products that the public want to buy at that price and from that source. Many seem to have terribly expensive products that you can buy on Ebay for a few dollars, because the distributors are off-loading them there, because it's only really the distributors who are buying them in the first place because nobody else really wants them.
It's becoming harder and harder to recruit distributors for these MLM companies I think, because the market's saturating, everyone's heard the bad things about them, and people want to avoid "autoship" and not have to spend more than they can earn from the thing. People want something with a tiny, one-off set-up cost that everyone can afford and no further outgoings, because that way they know they can sponsor others who want the same. And they're right. Or stick to the stock market, of course, which was ok today as long as you were selling short!
There is a new MLM named iLearningGlobal.tv. It was started by Brian Tracy (yes, Brian Tracy of Success University). The CEO is John McLelland.
Their product is online learning. They have taken some of the best speakers and filmed their best content. You can watch the videos in High Definition, full screen with no buffering when you download their exclusive web player.
The other day I was watching one of Dan Clark's presentations when my daughter walked through the room. She actually stopped, pulled up a chair and started watching. She is only 15.
They are in pre-launch at the moment with their official launch occurring in January.
They have speakers like Sandy Botkin, Tony Alessandra, Mark Victor Hansen, Kevin Carroll, Dan Clark, Bob Proctor.
No doubt there are plenty of new MLM's to choose from, but like your wife discovered, you have to spend more than you earn in most, and if she did so for a full year, my hats off to her, she is to be congratulated as most quit in three months if they are not yet in profit.
Sadly, if more people were prepared not to earn profits in the first year, as is the case in most businesses, then there would be less people quitting which is the underlying problem with all MLM and businesses.
Having started several traditional businesses over the years, as well as internet based ones, none of the traditional businesses were in profit the first year, yet all but two out of a dozen online businesses were in profit in first year, so with this conclusive proof that online businesses are a lower risk and higher return alternatives, it makes more sense to me to work just online businesses. You have to stick with it, not quit in three months, and if you can make it to the first year, it should be all downhill from there.
I always put a minimum effort of a full year into my online businesses, and in almost every case it has paid off. Of course, if you are only working one, your odds are not the same as working several. A lesson I learned long ago in MLM, never rely on one company, too many things can stop a company dead in its tracks, do diversify is only answer in my experience.
I think the main benefit of online MLM is that yoou are pretty much able to work out what your total costs will be, unlike traditional business where costs nearly always blow out.
Also if you factor in all the benefits of attempting your own business (tax etc) then your overall costs should be minimal at the end of 1 year regardless of success or not or if there is autoship. Because don't forget most things that people already consume will be able to be declared as business expenses when factored into an online business.
That is why I am excited about Globalverge. Because not only is it an online business but most of the products that will be available are products that will reduce my current expenses, such as electricity, mobile phones, broadband, fuel bill, groceries. And that's even before I tell anyone else about it.
So at this stage I'm very excited about the future, even with the economic disaster that is unfolding in the US.
I think the key is to have an innovative product that is consumable. If you think about those products we use regularly vs. those we use once in a while, it would seem only the ones that are used daily have the potential to be successful as it takes moving high amounts of volume to sustain positive income. I think sometimes the price point becomes so high for certain products in this business that it is cheaper for someone to go buy it at the store. However, if it is an innovative product that can only be obtained thorugh MLM, then you have a good chance of being successful. For example, I am not going to pay $20 for a roll of toilet paper when I can buy it for $2. Now if that toilet paper was something special, for instance, "hands free" well shoot, I might have to try some of that. And perhaps so would others.
I think the key is to have an innovative product that is consumable. If you think about those products we use regularly vs. those we use once in a while, it would seem only the ones that are used daily have the potential to be successful as it takes moving high amounts of volume to sustain positive income. I think sometimes the price point becomes so high for certain products in this business that it is cheaper for someone to go buy it at the store. However, if it is an innovative product that can only be obtained thorugh MLM, then you have a good chance of being successful. For example, I am not going to pay $20 for a roll of toilet paper when I can buy it for $2. Now if that toilet paper was something special, for instance, "hands free" well shoot, I might have to try some of that. And perhaps so would others.
Good point,
And thinking about innovative products, hands free toilet paper is hard to beat. lol , but $20., not in a recession. Seriously, people are cutting back like never before in my lifetime, so it is more critical than ever to look for not only innovative new products, but ones which are hands down better and less costly than the competition, that is the most important ingredient in a recession like most are facing worldwide.
Diversify your portfolio of products and services accordingly for many in MLM industry are facing a dual edge sword where people have to choose, buy high priced nutritionals, or put food on the table. Yes, things are getting that bad, and I have already seen my nutiritional business drop by 34% in last three months, so this is worst than I thought as we often don't feel the full impact of this recession in all areas at the same time. Although my area is still not seeing huge increase in umemployment or home devalulations as badly as in CA, FL and NV which are at top of list, it is still impacting my businesses, as I am sure it is for everyone.
Diversify your portfolio to recession proof your impact is the only way to get through a recession. I have totally focused on recession proof products and services over the past couple years knowing we were in for big economic problems due to bankin collapse, dollar dropping, oil spiking, stock slumping to near five year lows, who knows what is next for markets have never been this unstable. As things get worse, more are going to be looking for part time incomes, and MLM industry has always grown in the past when economy is tough, but I see problems this time around unless you look real close at the value issues.
With value being more important than anytime in my business experience, traditional businesses and online businesses, you have to be more concerned than ever when choosing a business opportunity. If product or service offered in not offering true verifiable value, forget it, MLM is tough enough to succeed in during good economic times. Just evaluate the areas you are cutting back on in your budget to determine what others will be trimming from their budgets. This advice will help point you in the right direction when choosing a new business.
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