do you think networking business is a good start to achieve financial freedom?
By meissen0212
@meissen0212 (67)
Philippines
August 2, 2010 3:23am CST
A friend of my co-worker who is into networking business is already successful. So far, it looks attractive that she was able to establish herself already within a year, being able to buy her brand new vehicle. She quit on her job and focused eventually on this business. She is now earning residual income with less pressure and more time for her family. Do you think all people are blessed to have the same fortune?
2 people like this
6 responses
@bloggeroo (2167)
• Philippines
2 Aug 10
You mean multi-level marketing or MLM? While MLM's may produce a few superstar salespeople, there are a lot of downlines who may not even recover the initial cost of membership. It is not the most advantageous organizational structure for sales professionals.
Anyway, you should know that MLM is really just about selling. But aside from selling products, you are made to sell membership to the organization. And to do this, the MLM company usually collect some kind of membership fee for the privilege of receiving a commission from selling products and recruiting other members.
The trick for succeeding in MLM is really simple. You should be among the first members. Joining early means you can share in the fees collected during the rapid growth stage. So, those who speculated on the MLM company and joined early are usually the winners.
@CJscott (4187)
• Portage La Prairie, Manitoba
30 Sep 10
True success in MLM comes from building relationships not from selling. 97% of any MLM group is Customers, not distributors, and customers are more important to any company's bottom line then reps.
But, whether you are building a team, or find customers so that you can earn what you spend, you have to build relationships with the people. That is where success comes from, very very few people like to be sold, and trying to sell the ones that don't destroy's trust. Trust is the emotion of network marketing. So, build trust, be there for people, become there friends, and as you do this, your business will grow by leaps and bounds.
Sincerely and With Appreciation.
@jinrob (67)
• Philippines
11 Aug 10
Maybe you didn't attended a proper training provided by your network company or you did on your own way.. As of me.. It takes a year before I gain in this business.. because I don't even follow my upline's advise.. Read some tips of how to be successful in this kind of business.. search Robert Kiyosaki's books about MLM
@CJscott (4187)
• Portage La Prairie, Manitoba
30 Sep 10
No, but then not all people WANT the same fortune, those that want it achieve, those that don't find excuses.
Your friend she wanted it, she learned how to do it and how to do it right. She knew what she want and got educated on how to get it. Then worked and worked and worked, and I would guess, she was always very busy, doing this and that for all sorts of people, and she is always there when someone needs her.
If she is a true success in the business, that is what they are all like, at least all the ones I know that are True successes.
Sincerely and With Appreciation.
@puccagirl (7294)
• Israel
2 Aug 10
Well, I think it is not quite that easy. It depends on what you do, in what field, how much time you can put in to it, and many other things. So some people can do it, but not everyone who tries, I am sure.
@ftrazona (222)
• Philippines
9 Oct 10
Actually, based on experience in online biz, networking is just good at start. In order to earn much money quickly, you must be updated to whats new and be the first one on the line. Always on top - which is the most updated, always get much money especially in the Multi level Marketing business. If you really focus in the online business and know how to market that online business you are in, then you can have the chance to be like her. Online business actually is not stable, its about to risk your money. If not paying? Kiss your money goodbye, if paying, then you're lucky! Online businesses mostly shuts down. People's money are scammed! But not all. Coz many programs are paying but you need effort to do something just to earn much and get rich quickly.
@pirate451 (152)
• India
2 Aug 10
Yeah,she can buy a brand new vehicle,if she can do that than why not she buy a brand new vehicle.Yeah I too think blessed to have same as her and I will trying to do my own business like internet caff and open the some facilities in village and provided such facilities to farmers as well as students.Hope I can do it.
