Comments on How can people in MLM / Network Marketing claim to be educated on their business without knowing? »
January 15, 2009
Mike @ 2:50 am
Many MLM companies don’t or won’t report the information because they do not want the rep discouraged as to how much the company makes verses what the rep makes. The information is obtainable but usually difficult to get….The problem is that most reps “buy” into the hype given to them by their Upline recruiter because they are looking to make money (quickly and effortlessly) as described by the sales pitch. So most MLM reps not only do not have a clue, but they are not even aware that they do not know that answer…
Many times people get involved in MLM without even having a clue as to what the product is or whether it has a viable market in the first place. Again they are buying into the hype of the sales pitch not what the product really is or whether it will really sale.
I have looked at several MLM products and companies that have great “pitches”…but after doing research into the companies as to whether they are bringing revenue from product sales or from signing new Reps, I have found that very few are actually making money from product sales where product sales outweigh other revenue by a 2-1 ratio.
Basically it all goes back to the rep…their mind state when signing with the MLM and whether they are in it to recruit more reps or sale products…they hype leads to the signing of more reps which means product knowledge will most likely be 2% or less.
Comments on How can people in MLM / Network Marketing claim to be educated on their business without knowing? »
Many MLM companies don’t or won’t report the information because they do not want the rep discouraged as to how much the company makes verses what the rep makes. The information is obtainable but usually difficult to get….The problem is that most reps “buy” into the hype given to them by their Upline recruiter because they are looking to make money (quickly and effortlessly) as described by the sales pitch. So most MLM reps not only do not have a clue, but they are not even aware that they do not know that answer…
Many times people get involved in MLM without even having a clue as to what the product is or whether it has a viable market in the first place. Again they are buying into the hype of the sales pitch not what the product really is or whether it will really sale.
I have looked at several MLM products and companies that have great “pitches”…but after doing research into the companies as to whether they are bringing revenue from product sales or from signing new Reps, I have found that very few are actually making money from product sales where product sales outweigh other revenue by a 2-1 ratio.
Basically it all goes back to the rep…their mind state when signing with the MLM and whether they are in it to recruit more reps or sale products…they hype leads to the signing of more reps which means product knowledge will most likely be 2% or less.
The percentages are never known because they are despicably bad.
The fact that so many people so proudly talk about their MLM companies in this forum yet refused to answer a question like this speaks volumes.
You can always hear the crickets chirping when a logical question is asked to someone in MLM.