A promise for a great financial MLM business
During the course of our lives, many of us have been approached by some type of MLM business opportunity. All kinds of companies have an MLM division, or are completely MLM. I’m sure you could think of Pampered Chef, American Express, Cutco, Primerica, World Financial Group, the list is endless. I myself was approached by an MLM financial business opportunity, and it was Primerica and World Financial Group. Now definitely the person who approached me promised me a great MLM financial deal. Yes, they told me that I was going to make a lot of money and that I could retire early, not to mention that people would constantly work for me, etc.
Being a big person on the saying “Look before you jump”, I decided to do some deep research. The biggest flaw I found in the two companies that invited me to work for them was the system! So what exactly do I mean by that? Well, I’m talking about the way you generate leads for your financial MLM business of course! The system was very smooth and made you connect with your own family or “warm market” as they call it.
Let me put it this way, your family/warm market are those people who somehow know everything there is to know about you and you’re going to close a deal with them, right? Think about this for a minute, because this was the first thing that came to mind; you, who could possibly be unemployed right now, or a plumber, or whatever, suddenly a financial expert? You’re supposed to shut down your parents, who wiped your ass, and know everything there is to know about yourself, suddenly they’re going to take your financial advice, right? MISTAKEN!
One of the main reasons people quit their MLM financial business is the system they are signing up for. What are you supposed to do when your warm market runs out? What I am trying to say is that your warm market should not be the only way to get leads for your financial MLM business. There are companies out there with a much better system that is available to you, so you don’t have to go to your friends and family. If you want to start a financial MLM business, or get out of the trap you’re currently in, really spend some time researching the company you’re going into.
Selecting the right company for your financial MLM business
Choosing the right company to represent your MLM financial business is key. If you logged into the Google machine right now and ended up researching a company and nothing came up but lawsuits and scams about the company, why the hell would you go to work for it? Now I’m not talking about the MLM concept, I’m talking about companies that use the MLM model. I’m a big fan of MLM, it’s a must in my opinion. My reason for it being a necessity? I don’t approve of people who just walk in and out and get a paycheck for their “hard work”. When you research a company, the system they use should be your top priority. The second, and I would like to point out just as important, is your ethics.
A lot of people get excited about starting a new MLM financial business and end up throwing in the towel after finding out all the dirt about the particular company they joined. I cannot stress how important business ethics are, to the agent and the client. How could you feel comfortable representing that company’s products knowing that they have faced tons of lawsuits? I sure wouldn’t. Your client will go to the computer and research everything there is to know about your company and how it represents itself before getting into your products. So save yourself the trouble and frustration of your customer backing out due to poor company ethics.
Benefits of Starting an MLM Financial Business
Finding the company with the right system and great ethics is not difficult at all. When you do, you will start to see all the benefits of what a financial MLM business can do for you. After some searching I found a wonderful company. I mentioned that I have been in the financial industry for about 3 years and have been very successful in it. You can have great success, just like me, without the hassle of bugging your friends and family over a small deal.
Multiple sources of income is where the world is at. The good old days of going to work for a company for 30 years and retiring with a big pension are long gone. Both individuals and businesses have been hit hard by this economic crisis, with some people barely staying afloat and most businesses shrinking. If you talk to successful people, they will tell you what their job is and then what their business is. I know of people who are in the real estate business, but have a main job as a schoolteacher just to keep from going crazy. An MLM financial business is just one of many ways that could very well mean the difference between having financial independence in your life or having a constant struggle to earn an income. Having a backup is never a bad thing, in the event that a source of income dries up, you wouldn’t be in a panicked state of mind. If you only have one source of income, ask yourself this; What would you do right now if that income ran out?
Up-line in your MLM financial business
The role of a sponsor or upline in your MLM financial business is to help you from the ground up to make your MLM financial business work. I’m sure you’re wondering how you choose a good upline, right? Don’t be afraid to ask questions. I would interview your upline. You see, in a financial MLM business, you have the choice of whether or not to join the company and I’m sure your sponsor will want nothing more than for you to join so you can make money from your personal production. Spend some time getting to know who and for whom you will be working. If the person who presented you with the opportunity wasn’t doing very well at the company, but you loved the products, the system, and the ethics of that particular company and you think you really could be on top, why limit yourself? Contact someone from the company who you think would make a better sponsor.
I know what you’re thinking, it’s a little unfair to the guy who brought you there in the first place. Well, you know what? This is your MLM financial business and you are looking to succeed. You are going to invest your time, effort and money in your business and I am sure that you are looking for a good return on your investment.
By applying what you have read in this article, you will avoid being one of those individuals who throws in the towel on their MLM financial business. Choose the right MLM finance company to immediately improve your business, a good system where you don’t have to relentlessly search for leads will make all the difference. Finding an ethical company means a great backbone for you and peace of mind for your customers. Remember the benefits of starting an MLM financial business, it is all about multiple sources of income. Finally, don’t be afraid to find out who your upline or sponsor is and how that person can affect your success in your MLM financial business.
for your success