Many people claim it works and it is a viable business that allows them to make a living without having to spend 8 hours a day in a cubicle.
Others say it's only a scam meant to make you dream big, but in fact all you do is spend your money and your energy without too many chances for success.
Is MLM A Viable Strategy To Make A Living?
The truth is that, like any other business model, multi-level marketing is suitable for certain types of people only; therefore, each individual should assess their own skills and preferences and decide whether they would be happier as entrepreneurs or as employees.
The entrepreneurial kind of people who take the time to think and define MLM plans and strategies that work will find this activity as very rewarding and will be happy leading the associated lifestyle.
Define MLM – How MLM Works
If we were to define MLM, we could say that it is nothing but a marketing strategy that takes its strength from the number of people that join the network. Each of the group members is compensated both for the recorded sales and for the sales generated by the people they had recruited.
Depending on the program, this compensation can go on multiple levels, thus enabling members with a very active downline to earn a lot of money with relatively little work.
The Biggest Challenge Of MLM Strategies
The problem most multi-level marketing beginners face is the continuous generation of leads. It is very hard to maintain a sustained stream of new people to show them your marketing plan, especially after you finished all your relatives, friends and other peers. There's always a possibility of networking, but the problem is that networking takes a lot of time, therefore you'll have less time available for marketing, which is in fact the engine that generates the profits.
The Solution For Getting Qualified Leads
One of the most effective methods of attracting new prospects to your business is internet marketing. If you have a website where you expose your business plan and all advantages of people who join your network, you are all set up for success.
The more people coming to your website, the more chances you have to get new recruits. If you add SEO into this mix and you do it well, you'll rank well in search engines for some of the most relevant keywords, thus attracting targeted traffic to your business proposal. This happens 24/7, even while you sleep, the only condition being that your website is online.
What To Do If SEO Is Not Your Best Skill?
All the above work fine, but you fist need your website to rank for those good keywords. This is something a beginner cannot do without investing a lot of time and effort into educating himself about internet marketing, SEO and social media. This could be a barrier for many, as they won't be able to find the time to take care of their business and of the internet marketing at the same time.
The solution to get more results is to join and follow a network marketing system that has already been proven to work. Such systems offer you step by step guidance, so all you need to do is take the time to follow those steps and profits will most surely come.
Moreover, when you become a member of such programs, you gain access to a comprehensive library of resources such as webinars, video trainings, ebooks or podcasts that will teach you everything you need to know about SEO and internet marketing.
Such systems help you define MLM plans that do work, so that even a beginner can learn how to run this type of business in the most effective way. By automating lead generation, marketers free up more of their time, so that they can spend this time marketing and not prospecting for leads.
There are many success stories of people who followed network marketing systems. At the same time, there are also people who fail, but that's rather a consequence of not doing the work and not of the fact that the MLM business model is flawed.