With a good compensation plan, you will be much involved and concerned with the flourishing of your business, like improved sales and that of growing and expanding of your network.
Make or break will depends on your recruitment of your own down-line and indirectly those of your down-line prospecting efforts so that everyone is responsible for the group's well-being in order to get a share of the pie.
Not bad if you think of it. It is that simple. You just have to recruit people and you make money.
You have heard of people earning five-figure income monthly but you are just scraping through.
You dreamt of the perfect business that could make you money and you are pretty convinced that MLM is the one for you.
But, what have gone wrong?
Here are the common pitfalls you should avoid when choosing a MLM business opportunity:
Pitfall No.1-Not knowing the business well
Not all MLM companies operate the same way, so do not assume that you will get the same compensation plan on every one you have joined. Like in buying any product, you have to read the label first in order to know if it brings benefits before consuming it.
Meet with the representative or the leader who is sponsoring you and get to know the business well. Surely, you do not want to involve in a scam that emphasis only on sponsoring people to join the network and less on sales of a product or service or none at all.
If the business opportunity does not fit the definition of that of a MLM core business--do not join them. Watch out for signs of excessive exploitation of human relationships that would be used in your sales and recruitment tactics that would be employed.
Avoid complex and sometimes over exaggerated and too-good-to-be-true promises of monetary rewards compensation plans that no other business could afford. In other words, everything is done in a shroud of secrecy and there is no transparency to show how much you and your down-line have accomplished and paid.
Pitfall No.2-Not working smartly
Working hard is not good enough if it does not bring results. To work smartly, you have to build your network. Not any network, but with people who are really interested in your business opportunity.
That is why in your targeting procedure has to be very precise and razor-sharp. You do not need just anybody to join your network, but someone who has understand the business well like you do and have made a conscientious effort to make the business a successful one.
To bring in more targeted prospects, you cannot afford not to be close to your people. Make use of your personality to lead your group and guide your down-lines. Help your recruits to hold meetings or prepared them to give seminars to build their group. Encourage everyone to start a blog and post regularly to give information about your network.
Do more to help your down-line to have their own website and engaged them in social networking and other internet marketing as a valuable tool to generate more leads and sales.
To ensure that you are making money in a legitimate business practices, you need to know what it takes to stay on top of your MLM business.
