The Empty Nester Makes Money Selling MLM or Network Marketing Products Online?
I talked about affiliate marketing online. But, there is another avenue you can pursue – and that is becoming an affiliate/representative of a MLM or Network Marketing company and selling MLM or Network Marketing Products Online. If you decide to go that route – there are several different things you need to consider .
Traditionally-MLM (or Network Marketing) Companies have operated with a different model. Their model has been to go to meetings in hotel ballrooms in the evenings or on Saturdays and invite everybody you know – friends, neighbors and family. That model is tired – people today don’t want to spend their free time traveling to and from these meetings. And they also don’t want to bother their friends and family – yet again. With the internet people would rather stay in their home and attend a webinar or teleconference. That way – they can attend the hour webinar and just be on the computer from 7:00-8:00 and then be available to their family before and after the webinar – instead of leaving at least 30 minutes before the meeting and probably not getting home until an hour or so after the meeting is over. So- when you are looking at a MLM Company – are they still using the “old method” of meetings, meetings, meetings or have they made it into the 21st century with webinars and teleconferences that people can attend from the comfort of their own home?
The next thing you are looking for is a system. Does this company or the group within this company that you will be working with have a “system” in place utilizing the internet? I have seen several sophisticated MLM “systems” out on the interent. What you are looking for is a group that is using the internet and having success recruiting and selling the products online. It takes much more that having a duplicated website on the internet to make money online. And ideally – the group you want to get involved with will have 2 “systems” – 1 “system” to recruit people to join your business and 1 “system” to sell your products online. Because you need to recruit and sell products to make money.
The next thing to consider is – if the product the company is selling is a product that can effectively be sold online or is it a product that needs to be sold face to face. Granted you can sell anything online. But, let’s say – your product is “THE VERY BEST product anywhere” to make migraines go away? That is an awesome product! People who have migraines oftentimes haven’t been able to find anything that will make their migraine go away. They may have found something to give them relief from the pain of the migraine – but not make the migraine go away. You have a website that explains how awesome your product is at making migraines go away. Your company has webinars that explain to people how this product makes migraines go away. But, if you are a migraine sufferer – you have probably tried hundreds of products that all say they will make the migraines go away – and none of them have made your migraines go away! So, to the migraine sufferer – they feel that they are looking at yet another website and yet another webinar -claiming to make migraines go away. Maybe the migraine sufferer MIGHT decide to give your product a try to see if it works – and maybe they won’t. But, if you saw this migraine sufferer in person and gave her a sample of the product and had her try it and it made her migraine go away – WOW – she’d be a customer for life!
Now let’s say your MLM company is selling a computer service that will tune up your computer, clean up viruses and speed up your computer. And what if that company gives everyone a ‘FREE’ trial to have their computer tuned up before they either sign up to become an affiliate or become a customer? This is a product that is made to be sold online! See the difference? I’m not saying one product is better than another. All I’m saying is that one product is going to be easier to sell online than the other.
There is a train of thought that the best way to market MLM companies online is NOT to market the company or the product – but to only market yourself. Train other people to market themselves and then introduce these people to your MLM company and products. It seems to be working for some people……….
The last thing you need to consider is the marketing plan. Lots of MLMers will say that “if an MLM person is good – they can make money with ANY compensation plan”. I think the type of person they are talking about – is the MLM person who has a group of thousands that follow them from 1 company to the next. A lot of times these people go to “the next big company” get in on the ground floor – make a lot of money because of the group they bring with them and they when the money slows down – they are off to “the next big thing”. And make no mistake – the only people making any money doing that – are the people with the group – not many of the people in the group that are following them. I have known people who have made a fortune in MLM companies. I know people who have made a fortune once in 1 MLM company and have been trying to make another fortune in some MLM company ever since. Because they KNOW it can be done! Sometimes it is luck that these people make money, sometimes is is skill that these people make money – but most times the compensation plan had to be affiliate friendly.
There are binary plans, 2-up plans, plans where you make most of your money on just the people you sponsor and plans that you make most of your money on how big and deep your group is. And I think there are pros and cons for all of these compensation plans. With the binary plans – 1 side is always bigger than the other – and if it’s a plan that you lose the extra money from the good side – you’ve lost a lot of money. If you can sponsor and your group can’t – you lose a lot of money if you’re compensated for how deep your group goes. Find out all you can about the compensation plan before you make your decision.
I’m not one of those people who think all MLM companies are scams or pyramids. Besides, every company is a pyramid – there is a Pres or CEO at the top – then 4-5 V. Pres – then maybe 20 Directors – then maybe 60 Mangers – then maybe 100 supervisors – then the rest of the employees at the bottom – a pyramid. And if a new MLM company starts and doesn’t make it for whatever reason – I usually don’t think that the pople with the company started out to scam people – either they didn’t have the experience they needed or enough capital or something they didn’t anticipate came up!
In the past few years I have seen several MLM companies. I have seen brand new cutting edge companies” that were going to blow the lid off all MLM companies”. I have seen the “BEST products ever to be made” in some MLM companies. The cutting edge companies were awesome – until the official launch – when the server wasn’t able to handle all the computer traffic generated by the hype! And by the time the server was fixed – this wasn’t the only company out there doing this cutting edge thing – now there were 2 or 3 – doing it even better. That is a fact of like with MLM companies. Find one with a great product – there will soon be 2 or 3 new companies – with a similar product – only better! I don’t know what to say – me personally – right now I haven’t found a company that has a “system” to work it online, a product that is easily sold online AND a compensation plan that I feel will be easy to actually make money. I have found companies that maybe have 2 of the components – but not all 3. So – until I find all 3 – at least for now – I’m staying away from MLM companies. What do you think? I’d love to hear your thoughts and comments.
April 3rd, 2010 by The Empty Nester | No Comments »
I have found that making money online requires many skills. But, the one skill that I think is most important is your attitude. I have always thought that I was a very positive person. I always looked at a situation as the “glass being half full” instead of half empty. I have had a deep faith in God for many years. But, it was just recently that I realized how much the Bible talks about “right thinking” and just how destructive having a bad attitude can be.