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| Dec 31, 2005 6:48 pm |
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re: Whats the Truth ? |
Garland Coulson
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Well the people at the top of the MLM usually make money... :)
I read somewhere that about only 5% of people in MLMs make money. This sounds about right.
Part of the problem is that people get swept up in the hype of making huge amounts of money and don't realize that making money in an MLM is like running a business. You have to have a marketing and sales plan and implement it successfully. So no wonder most people fail.
My colleague, Scott Allen, wrote an excellent article on this called "The Real Problem with Network Marketing and MultiLevel Marketing" at
http://entrepreneurs.about.com/cs/multilevelmktg/a/problemwithmlm.htm.
I think it is critical to choose the right opportunity and to track all your markeitng relentlessly to find out what works.
A lot of my money comes from affiliate programs and I send them 1,000s of visitors each month. I am ruthless about dumping ones that perform poorly. That way, I can redirect the traffic to the ones that are performing better for me.
The same mindset is necessary for success at marketing an MLM.
Garland Coulson, "The E-Business Tutor" - Moderator, IMTools
Free Traffic For Your Web Site Everyday
http://www.freetrafficbar.com
Internet Marketing Mentor
http://www.ebusinesstutor.comPrivate Reply to Garland Coulson (new win) |
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