People will invest thousands of dollars into their small business, but when it comes to MLM they wait for it to pay off like a lottery ticket. If You are really Serious About MLM, you must Invest Like a Small Business Owner.
There are only two ways to grow your MLM business: With time or with money.
I had no money when I started MLM in 2014, so I spent all my time on social media.
I followed over 1,000 people each day on Twitter so that my direct message software would message my new followers with my opportunity link. It worked fairly well and I recruited over 100 people.
Nowadays, I have money so I choose to do paid advertising to keep my lead generation up, especially during the Summer.
MLM is Big Business, Treat it like Big Business
The top 100 MLM leaders make over $200,000 a month. Yes you read that right, they earn that per month!
Do you think they brought in a few people and laid back and waited for their millions of dollars to roll in?
No. They recruited hundreds of people and worked closely with their top leaders and grew their organizations into the thousands of people.
MLM takes work, but to be able to make six or seven figures within 3 to 7 years is unheard of in any other profession.
So, back to the two ways to grow your business: Time or money.
Most people when they join MLM don’t want to bug family and friends and don’t have large social media followings.
You either have to prospect friends and family or break into the cold market and prospect strangers.
If you are going to blow up your MLM business you will have to prospect strangers, which means doing blog articles, videos on YouTube, Facebook lives, or other paid advertising.
Read More About My Advertising for MLM.
Invest as Much as you Can
I like watching Shark Tank and the sharks normally ask the entrepreneurs how much they have spent getting their business off the ground. Many entrepreneurs state that they have spent over $100,000 of their own money to launch the business, yet when most people join MLM they scoff at spending $199 to sign up! Some business owners pay seven figures just to get a company or franchise started, with reckless ones mortgaging their houses and taking out massive loans!
An MLM has everything done for you, from the packing and shipping, to the accounting and customer support. There is hardly any risk and the lowest startup costs of any other business. Why not spend the same kind of money to get your MLM properly launched like any other small business?
Remember the top incomes of the MLM leaders?
You could be making a million a year in network marketing within 3 to 5 years. But, your MLM business needs massive exposure in the marketplace. The more leads you can generate the better. I tell my team if they are truly serious about creating a huge business they need to generate at least 100 leads a day.
MLM is truly a numbers game. Here is a rough formula of what you need to generate to build a good team:
100 leads equals one distributor
Only 1 out of 50 distributors will build the business.
You need 3 to 5 real leaders to make over $100k a year.
So, if you need 150 to 250 distributors to find 3 to 5 leaders and each distributor takes 100 leads to acquire, you are looking at needing to generate 150,000 to 250,000 leads.
An average MLM lead costs $3.00 each online, so you will go broke just buying standard MLM leads online.
You would need to spend $450,000 to $750,000 on leads alone this way.
Magic Leads. . .
Everyone who joins my team has the ability to learn my secret lead generation technique which can yield you $1 leads. These leads are not from a tired email list, but fresh prospects looking for what we have right now.
You simply join my organization and I will show you the technique, then you show the people you recruit.
This system creates the fastest duplication which is required for you to start earning enough income to sustain the lead flow plus start living the way you want.
Advertising is a Tax Write off
It takes courage to invest a lot of money into your MLM business but it pays off big once you get a team of people recruiting alongside you.
Also, advertising for your home business is a tax write off. I spent a lot on advertising last year but it reduced my taxes by 60%!
I would rather build my business fast than to pay the IRS more taxes. Wouldn’t you?
Believe in the MLM business model and don’t hold back on advertising. I spend every extra cent I have on lead generation because I know it will pay off big because it already has!