He contrasts these statistics with the failure rates for traditional small businesses, using the Small Business Administration’s statistics for 2008 that found that 44% of small businesses survive at least four years and 31% at least seven years, and 39% of businesses are profitable over the life of the small business. Only 64% of small businesses fail in 10 years.
Great article and thanks for taking the time to write this.. however I can see why your business didn’t fly as you had hoped. Mlm is a people’s business and that means that it IS the interaction with each other that strengthens working together. Yes you need to be self motivated but you also need to be a supporter too. Networking also eliminates the need to do constant appraisals. You don’t work you don’t get paid. That’s music to a corporate managers ears. Networking is not for everyone… but where else can you invest for such a small amount and have all the other aspects of business done for you and all you have to do is go get customers and recruit more customer finders and have no ceiling on being paid for that. As for the product you promote.. you choose something you like. My original passion as a woman was make up so I joined that type of business. Got so passionate I qualified as a beautician and onto other certificates then I discovered essential oils.. I needed supplies but minimum trade orders were over £3000 each time. Mlm on the other hand was order as my demands and finances could afford. So my interest in mlm grew. Now I would not go back to traditional office work. When I know when I apply myself I can exceed what ANY employer thinks I’m worth
Steeped Tea is a fairly new (2012) company specializing in loose-leaf teas. Of many of the companies I'm writing about here, this is admittedly one of the few I've actually heard of prior to my research. I was invited to a Steeped Tea party last month but thanks to debilitating morning sickness (yay) had to decline the invitation. It sounded fun though, a bunch of friends getting together to try flavors like Birthday Cake and Almond Chocolate Torte. The start-up kit is only about $150 but you are required to pay a monthly fee of near $13 to maintain your active consultant status.
When I first joined I only planned to be a consultant until we got back on our feet after my husbands job loss. But, I fell in love with the mission of the company, the products, and all of the friends I had made along the way. Plus no 9-5 job can compare to the flexibility of direct sales! Now, I have an amazing team who is truly helping make a difference in the world.
This is a wonderful list! My husband and I are independent consultants for Paparazzi Accessories. It is a huge blessing to be able to work from home or pretty much wherever we choose to work from for the day. Everything is sold for $5.00 and as a consultant you make 45% of that, plus commission from your free website, and bonuses for those that sign up under you. We offer beautiful, high-quality rings, bracelets, necklaces, head bands, hair clips, earrings, and lanyards for women of all ages. As a party host you can earn free jewelry. If you would like more information, feel free to contact me and if you would like to join the team feel free to visit http://www.paparazziaccessories.com/34435.
The reason I chose this company is because I knew a lot of my friends and family knew about the brand and already bought the products whenever they could find a consultant. So I figured why not just have them all buy from me instead? It has gone wonderfully so far and I'm even in a retail store now. I really just wanted a way to make some extra money from home as a stay at home mom with a 1 and a half year old and another on the way! Email me at firstname.lastname@example.org if you're interested in becoming a consultant which is basically free this month!
When I first started with the “blog thing” I felt really scared because I didn’t know what to do with ad networks. However, I looked up for information and found Adtomatik. I really wanted wolrdwide reach, and adtomatik had it. I really wanted revenues and high fill rates as weell as the best eCPM, Adtomatik also had that. Since then, I am using it and the results are the best I could’ve ever imagined!!! Totally recommended!
I'm surprised not to see Perfectly Posh on the list. They offer natural, and vegan skin care and pampering products that are budget friendly. The startup is only $99, no inventory requirements, low 6 month minimums, and a minimum of 20% commissions with reachable promotions in rank and pay. You get a ton of full size products when you sign up, plus a free website, and other marketing support materials. The sisterhood and teamwork is like nothing else I have ever experienced.
It’s so mom friendly, almost every consultant is a mom because they fell in love with these books for their kids! Moms bring nursing babies to our annual convention, they bring babies to parties, etc. But the best part is, it is what you make of it- if your kid is sick and you can’t focus on the business for a few days, okay, you’ll do it when you can.
The cons of mlm are that most people getting into mlm don’t understand mlm. They apply the incorrect philosophy and it becomes a recipe for disaster. I see dozens of people monthly that join a mlm, don’t work and don’t yield any results and as a result, leave with a bad taste. But with correct leadership that problem could be averted. That is precisely why I love my company. It has the best leadership (in my opinion) and they properly train their agents.
A good MLM will have more than a few products to sell. They will have more than market sector covered (not just nutritional supplements, water filters or essential oils). They will also have other major retailers that they market for. The money those major corporations spend on the annual marketing, will be paid out to the MLM and their distributors for their sales & marketing efforts and results. That is where those companies will get
I have been running a home based business for 2 yrs now and want encourage any woman or man out there thinking about it to stop thinking and take action now. Because truly deserve the financial freedom. I agree that finding right product to get into key to your sucess, am currently selling unrefined shea butter, african black soap and coconut oil online and within my community. And I must say the begining was hard but with determination I’ve been able to make it and I know that you will also. If any one is interested in some of my amazing products please visit, http://www.rgnaturalz.com. thanks and happy to help anyone with tips help you suceed. Thank you.
Selling Products — Whether you’re a maker of physical goods or someone who’s more into writing books or putting together digital downloads, you can sell your wares online. Sites like Etsy and eBay are great for selling physical goods, FBA is an interesting way to become a reseller, Amazon is the go-to site for self-publishing and selling your own books, and you can sell digital products on your own website, on sites like Etsy, or even in ClickBank.
doTERRA – Headquartered in Pleasant Grove, Utah, doTERRA is health and wellness MLM company that deals in essential oils. Its product line consists over 100 skin care, nutritional supplement, weight management, and essential oils products. Founded by David Stirling in 2008, the company employs about 1,300 people and well over 3 million independent consultants/distributors. The company generates well over $1 billion in sales annually.