Ladies (and gents) all across the country are earning extra income and creating sustainable home businesses for themselves and their families by selling products to their friends, family and community. Gone are the days where we had to rely on a college degree to earn a sizable income. We are now able to start businesses in less than one week if you’re fast. But, if you’ve never done it before, how do you start your own business? And, how do you make your business successful?
MLM restructures the traditional business model — manufacturer to retail shop to customer — such that sales agents working for the manufacturer sell directly to customers, bypassing the retail shop altogether. MLM companies can then convert customers into advocates for their products and possibly even sales agents. Because there is no retail store for the products they sell, MLM agents typically work from their homes, interacting with customers in the community or, more often, over the internet.
It depends also on what products of services you like, what kind of risk you want to take, as there is always a chance a company can go out of business, especially with starters, your motivation, if you need a lot of leadership, or if you are a self starter. Do you want to build local or global? The compensation plan can be a party plan or person-to-person.
The structure of MLMs is very similar to a pyramid scheme. This doesn’t mean that all MLMs are pyramid schemes, but some certainly are. Those interested in pursuing a career in multi-level marketing should do research before joining a particular MLM. Generally speaking, if the bulk of the money you stand to earn comes from recruitment rather than direct sales, it’s wise to be very cautious.
Lu La whaaa? If you love bright, flashy and fun leggings then take a look at Buskins Leggings which sells patterned leggings for a fraction of the price of other MLM clothing companies and offers customers the opportunity to find and buy their favorite prints from the your own personalized Buskins website. That means you don't have to spend days sorting through inventory and creating outfits out of mismatched patterns and sizes and hope that they catch one of your FB friends' eyes and budget before shipping off bundles of product. You're busy. You don't have time for that. (Time is money, remember?)
Hey Jesse, you forgot about Primerica! My brother makes a lot of money with them and he’s only been there 6 years and he makes $8-10 Grand a month now! Kindve wish I would’ve started with him when he first joined because the company does have great concepts and just recently was named one of Forbes top 50 trustworthy companies! That’s awesome! I didn’t have the time to commit then but I just got rolling 2 months ago and I’ve made $900 this month and will be over a grand once I help this next family get a policy in place! I so wish I would’ve got started years ago!
First, Elliot, thank you for this article. Your sense of truly wanting to help comes through and it’s refreshing. Like MommyFinance, I too have suffered PTSD from previous runs at MLM but I have been looking for legitimate ways of making extra income and seems I’m being directed toward trying MLM again. Your article gave me hope that there are some good ones out there. What you said about finding the one that fits me and leaving a legacy for family really turned on a light for me and I greatly appreciate that. A wine business is not quite up my alley but I will certainly direct those who might be interested your way.
A big hello to everyone! I just launched a home based biz last month that had tremendous success my first month!! It was founded in 2005, but is mostly based on the east coast and just now moving west. When I came upon the website I was mesmerized that women could custom design their own handbags. To think that they could walk away from a party with a custom item to their taste and be proud of it was really appealing to me. In addition, all the handbags are made in the USA one purse at a time so it supports our economy. In my first month I was #3 in personal sales in the company and two women joined me. I believe that’s a true testimony to this ground floor opportunity and that women love customizing handbags. Please visit my website madisonhandbags.net/janagates/ I would love to answer any questions for you and help you in being the first to launch your market area as well. : )
Backstory: In 1999 Ginny left her full-time job in hospice management when the family moved from Arizona to Kansas so that Doug could take a new job. Bored one afternoon, she browsed through a Silpada catalog that belonged to her sister-in-law. "Halfway through, I already had a $350 wish list," she says. So Ginny decided to become a rep to earn some free bling and hopefully make friends. She took $1,000 from savings to purchase display jewelry, conservatively calculating that she'd need 12 parties to replenish the account. Her first party yielded $1,500 in sales, $450 each in commission and free jewelry, and six more bookings. Doug said, "Something tells me we've got a good thing going here."
To become a stylist for Stella and Dot, you'll need to put in an initial investment of around $200+ This cost includes the jewelry you'll be putting on display (and hopefully selling) at your initial trunk show (home-party). Stylists earn 25% of their total sales, so if you sell $100 worth of jewelry at your first trunk show you'll take home $25. Given the price of the pieces though, you'll likely make more if you host a large enough show.
Want to know where the best skincare products in the land of the MLM world are? Right here with Rodan and Fields. A pair of dermatologists founded this company as an expensive department store product before emerging onto the scene of network marketing. They are the ones who made and created Proactiv and they hit success and ended up with the best skincare products of all time (every teenager’s savior, as it became the solution that worked for everyone). Their one product line rakes in almost $1 billion in yearly sales.
Connie, I thank you for all of that updated information on Avon, it's really helpful! My favorite thing to hear in all of this though is that Avon offers health benefits. That is amazing! And something that stay-at-home moms should really consider when choosing a company, because that is a major day-to-day factor for so many of us. Awesome to hear.
Wow Collette! I’m a new Advocate with doTERRA, as is my wife. She wanted to start using oils to get our family off of medications as much as possible (and now we mostly are!) We chose doTERRA over all the other oils companies because of the process in which they farm and make their oils as well as the great culture they seem to exude. We just felt called to them.