Despite what you may presently think about MLMs/Multi-Level Marketing/Network Marketing businesses, if you’re trying to build wealth for the short- and long-term future, you’re shooting yourself in the foot if you aren’t including an MLM in your passive income strategy.
I understand it may be hard to believe at this moment, especially before you’ve read the 5 reasons I’ll be sharing with you that will totally flip your view of generating wealth with an MLM. It makes sense that a lot of people run from MLMs because they haven’t been successful in them historically, they saw family members lose money, or because they have zero interest in making sales. These are all perfectly fine and logical reasons why people might avoid MLMs.
But, that conclusion about MLMs is by no means a complete analysis of the problems and solutions in the MLM world, and it definitely only looks at the downsides and not the upsides of MLMs.
So, let’s take a look at the upsides of MLMs:
1) High Payout-to-Purchase Ratio Potential
What does this mean? It means that for almost all MLMs, you can put in a monthly purchase of a relatively small amount (typically less than $200) and make 4, 5, 6, 7, and sometimes 8 figure monthly payouts, depending upon how large your team is.
Now, there are a few really great investment opportunities out there with high returns, but rarely will something create a 2,500% return.
And, if you wanted to create a $5,000 monthly return with an investment, you’d generally have to put up a lot of funds up front – money that people starting off with very little funds in the bank can’t afford to invest.
But, if you’re making a $200 purchase each month and generating a $5,000 monthly payout, you not only immediately get products you can use for the $200 you’ve spent, but you also create a 2,500% higher-than-purchase-payout.
That’s some seriously beautiful return on your investment of time and money, especially when you reap that month after month.
2) Leave a Legacy for Your Family with a Transferrable Asset
Certain MLMs will allow you to transfer the wealth-generating machine you’ve built to family members, following your eventual passing.
Although it can be a bit of a morbid subject, the reality is that it’s generally of high importance for parents to want to leave a financial legacy for their children and grandchildren, if they are able to do so.
So, even if someone is still working in their 60s, and has zero financial legacy to pass onto their children, it’s definitely not too late to create one.
3) Fix Your Retirement Problem
Although planning for your retirement should ideally start in your 20s, and it’s important at all ages, the reality of the retirement problem, meaning, that you either don’t have enough funds to enjoy retirement, OR, worse yet, that you don’t have enough funds to even be able to retire, becomes a much bigger issue once you’re in your 50s, 60s, and 70s.
So, no, MLMs will not fix your problem overnight, but with a dedicated effort and focus, you could fix your problem in a 6 months to 2 years timeframe and then just build upon that slowly over the course of time.
Yes, there is a way out, but you may have to overcome some fears and preconceived notions about the dreaded S-word: sales.
4) There Are Now More Options Than Just "Old School" Sales Approaches
Even if you’re an introvert who dreads the idea of reaching out to people and making a sale, if you’re dreading something like that, than you need the following information, because it’s not just an “old school” sales world out there anymore:
a. First, if anything feels like a salesly pitch, whether you’re doing it or it’s being done to you, then there is room for improvement.
If you like the way you’re being approached or attracted into an opportunity, then there’s a good chance that that person may be ideal to guide you on your journey, so you can learn one or more approaches that don’t feel salesy.
b. Secondly, there are so many “attraction marketing” approaches today that the old “would you like to check out my network marketing opportunity” direct messaging approach can become a thing of the past.
I’m not saying the old way doesn’t work, because people still use it with success, but there are approaches that feel like a better fit for some personalities than others.
Attraction marketing essentially pulls people in through interest and attraction as opposed to directly reaching out and approaching them about your opportunity.
I personally like a combination of both approaches, depending upon the audience and the exact approach.
So, ideally your upline will guide you through creating an approach that works best for you.
c. Thirdly, in some cases, like with my Wealth Game approach, I’m not even asking people to create their own social media business profile and content.
They can just plug into mine, and Like, Comment and Share various blog posts, quizzes, giveaways posts, events, and other content that attracts people into what we’re doing naturally, then they say a post like this, click on the Wealth Game to learn more about it, and then they list your name as the Referral Person once they register for the group.
Ask yourself, does it get any easier than that? I doubt it.
5) The Work Can Be Surprisingly Minimal
This statement comes with a disclaimer because how much work you have to do to reach your goals depends upon each particular MLM and how each team-building system is set up or whether your upline (the person trying to recruit you and possibly the people above them as well) even has an organized system in place that they’re actively using.
That said, it’s common in MLMs, where, if each business partner got their 3 business partners (not just product purchasers, but people who are actually building the business), everyone can make seriously good money each month.
The problem is that this rarely happens. Why?
Because people often don’t have organized systems in place. Systems generally work well if you work them, and work them consistently and repeatedly.
I’ll give you an example.
With my game-like system that I’ve created with The Wealth Game, there are both time-limited windows of opportunity for people to get onboarded into the MLM I’m building with, and this creates a sense of urgency for people to become fully informed about the opportunity and to make a decision on a condensed timeline that means that the team grows at an optimal speed.
Also, my teammates get points for Liking and Commenting on my posts and for attracting new people into our private Wealth Game Facebook group through sharing various posts.
The people with the higher amount of points have the chance to get onboarded onto our team more quickly.
And that inspires our business builders to take the action that they need to take more quickly, which means that they are motivated to find their 3 people to bring into the team more quickly.
So, if there’s a system in place, and you only need to get 3 people onboard, for example, and to support your downline (the people placed under you by you and others), that’s really not a lot of work for the potential income you could be making month after month.
The question is, is it financially worth it to overcome your fears about sales, to work with your upline to find a way, e.g., using a templated email approach or an attraction marketing approach, that works with your personality, to get your 3 people in place (or whatever # is required with the business you’re looking at), and to help your downline do the same?
When you think that most people are working 2,000 hours per year at least, and you compare it to the approximately 25 hours it takes to get your 3 people in place and the 1-2 hours per month after that it takes to help your downline and maintain your team structure, the math doesn’t lie, especially when the dollars start pouring in each month.
Conclusion
Although building a portfolio of various passive income streams is the ideal way to go, you have to start somewhere, with one opportunity, and well, MLMs/network marketing just make a lot of sense.
And a lot of dollars. Don’t cut yourself off from a viable opportunity, such as an MLM, because you have outdated notions about what they do and do not involve.
They could just be your ticket to a future without financial stress and with a lot of lifestyle freedom. //
