Is MLM easy money? Heck no! Anyone who tells you that making money in ANY type of business is fast or easy is definitely lying to you. Building a successful and profitable business of any type normally takes several YEARS of HARD WORK. Just ask any entrepreneur!
Unfortunately, many folks are sponsored into the network marketing industry with FALSE expectations. Either their sponsor hypes them up with promises of making big money quickly or tells them that building a business is easy and requires little work. Or even worse, the prospect has a lottery mentality about the business. In other words, they think that by “signing up” money will magically show up in their bank account every month.
These false expectations ALWAYS lead to disappointment and broken dreams.
I think network marketing is very simple, but it’s definitely not EASY. Becoming successful and making the big bucks in network marketing will be very hard to do for most folks. It takes someone with a strong work ethic, a big burning desire, and some great sales and people skills to succeed. Most folks don’t have these skill-sets and aren’t willing to learn them.
However, I do believe that just about anyone could build a $200 to $500 per month part-time network marketing business, with some consistent work. Anyone could find five to twenty customers over the period of three to nine months IF they had a good game plan. And that extra money would improve the quality of life for a lot of people.
Network marketing is no different. People rarely complain about the failure rates in these other industries, but they always make a big deal about it in MLM. I don’t get how it’s any different.
To be quite frank with you, I personally don’t think most people fail in our industry. Instead, I think most people quit. And they usually quit because they had unrealistic expectations or they weren’t willing to do the work. Please don’t confuse the difference between failing and quitting.
Anyone who didn’t work their network marketing business consistently for at least two years did not fail. They quit. You can’t quit something you haven’t started. Never forget that.
Through the years, I’ve owned traditional businesses, online businesses and several network marketing businesses. None of the businesses were quick or easy money. I don’t think such a thing exists, not legally anyway. Every business I’ve ever owned took me at least a year to get profitable and running smoothly. Some took even longer than that just to get profitable.
For most folks, MLM is probably NOT a good business opportunity for them. I’d bet that nearly ninety percent of the people in our industry shouldn’t be an entrepreneur to begin with. Most of these folks do not have the capital, proper skill-set, or entrepreneurial mind-set to start and build a successful business. I’m not knocking these folks. It just takes a certain mind-set and skill-set to succeed as an entrepreneur in any business.
Most of the folks who enter our industry are either broke, unemployed, or desperate for work. Once again I’m not knocking these folks. I’ve been all three of these things at some point in my life. HOWEVER, being broke, unemployed or desperate for work does NOT make you a good candidate to start your own business. If you fall into one of these categories you should really just get a job, or develop a little retail business with your MLM Company.
The bottom line is that MLM is NOT easy money. No business is. I still think it’s a great way for someone to create wealth and leverage and have their own business. But, it takes a special person with unique talents and a big burning desire to make it to the top ranks. What’s great is that you don’t have to have these skills when you join. You just have to have the vision, the commitment and the discipline to develop them.
What do you think? Leave a comment below to share your thoughts. I look forward to hearing from you.