7 Myths About Making Money With Network Marketing

Please follow and like us:

If followed properly, a network marketing system will give you a reliable stream of income for years to come. Yet, most people are still skeptical about the potential of network marketing as a great business opportunity. There are still many people who consider MLM business as a scam business.

Network marketing business has generally received a bad reputation because there are many bad companies associated with network marketing that are actually selling pyramid scheme instead of real products. Some well-known MLM companies are indeed reliable and reputable and the products that they sell are really bringing valuable benefits for their customers.

Making money with network marketing is not an easy way to earn quick cash, especially for newbies, due to its already bad reputation. However, many people who are involved in this business will entice you with their extraordinary success stories and promises regarding what you can possibly achieve in this business. Those people will try to enroll you to become their downline in such a way that you will get overwhelmed by the promises of riches by them.

It’s time for you to educate yourself more about this type of business . You need to filter the genuine company from the fraudulent companies so that you can really get involved in the right network marketing business. Here are 7 myths about making money with network marketing:

Myth 1 : You Just Need To Get A Few Downline To Start Making Real Money

Though in theory you will be able to make big money with only a few downline, in reality you will not be able to make real money unless you can consistently build your downline. Not all people that you recruit will be actively building their own downline. In fact, people are so inclined to get lazy in MLM business, which means that they expect money to start rolling in automatically without any work in their part. Most of your downline will likely become dormant within a short few weeks after their recruitment time.

Myth 2 : Recruiting People Is All You Need To Do

Contrary to common people’s belief, MLM is not just about recruiting people. That’s because like every kind of business, there needs to exist an exchange of money in order to be considered a business. You can’t make money if you don’t make any transaction within this business. Thus, while recruiting people is a big part of any MLM business, it is not the only part. The most important part is indeed an exchange of money between the members who are involved in this business, in various ways.

Myth 3 : Recruit People Once And You’re Done

Most people think that you only need to recruit some first level downline and start enjoying big money from network marketing business after that. This is wrong. You also need to coach your team (i.e., your downline) and motivate them to recruit people to become their downline. You need to be active in doing this, otherwise your downline will be dead quickly.

Myth 4 : MLM Business Is Actually A Pyramid Scheme

While some bad MLM companies are indeed no more than a pyramid scheme in disguise, a real legitimate MLM business will not be built in the foundation of a pyramid scheme. A legitimate MLM business will involve selling products to customers as well as to members. This is where the company makes their profits. Some MLM business will also charge a fee for the registration of new members.

Myth 5 : You Will Get Rich Instantly With Network Marketing

Network marketing, like most business, needs your time, effort, and investment in order to produce success for you. You will not get rich with this type of business overnight. Don’t believe those MLM enthusiasts who are trying to sell you on the idea of quick rich with network marketing. It is a lie. You need to work hard day and night, building downline and selling products, in order to succeed in this business. It is, after all, just another type of marketing business.

Myth 6 : Making Money With Network Marketing Is Easy

Making money with this type of business is easy theoretically. In practice, it is not easy at all. If you’re a lazy bum who dreams to get rich just by joining this type of business, then you should wake up right now. There is no such thing as easy MLM business. It needs your dedicated effort and thousands of hours of investment in order for you to start seeing real success with it.

Myth 7: Network Marketing Will Never Involve Selling Products

People think that there will be nothing to sell if they want to make money with multilevel marketing. This is a wrong perception. How can the company get its profit if they have nothing to sell? There must be something to sell in this business, and you are the one who is commissioned to sell the company products. The only difference is that the commission level is several levels deep, as compared with the regular affiliate marketing business.

Those are the myths about network marketing that you have to debunk right now. Create a group of like-minded people in which you will discuss about the strategies necessary to promote your MLM products. This will help you to boost your success in this business.

About Adam

Adam is a part time blogger who has been blogging on earning money with network marketing. He has reviewed the big idea mastermind website which can get you access to a great way of making $3000 A Day.

Please follow and like us: