Does MLM business for you?
By joy_evaldez
@joy_evaldez (461)
Singapore
September 30, 2010 3:44am CST
Hi all Mylotters. just recently I have joined MLM business in hope that I can get some extra income in the process. Just so you know I am always fascinated with the leveraging and networking system. It is very hard though to get recruits to be your downline as all your friend and other people got negative views about networking. But I know this is only the first part. I will try to learn a lot about the business in the process and hopefully become successful networker someday. I jsut want to change something this year for me to expect a change in my life next year. So I tried this one. Anyway it's not big investment and as long as I get my capital, all the rest will be profit already. I still have my day job to for my steady source of income. It doesn't hurt to have an extra though.
How about you? Are you open with this kind of business?
2 people like this
10 responses
@CJscott (4187)
• Portage La Prairie, Manitoba
30 Sep 10
She doesn't know, she hasn't finished collecting it all yet!!
@shia88 (4571)
• Malaysia
1 Oct 10
Hi,
I am not good in doing sales business and MLM business is not my
field , i totally show no interest to promote any products to customers.
Probably I would say, I am not good in marketing a product.
I prefer to stay in the office and earn fixed income every month,or
else, I can try to work from home,like setting up an online store or do
some online jobs and MyLotting is one of the online job I am doing
currently.
1 person likes this
@CJscott (4187)
• Portage La Prairie, Manitoba
2 Oct 10
MLM isn't really sales. It is closer to a relationship business, coaching and mentoring.
I know you are thinking yea right, but the people that just sell sell sell, have a very low retention, and have trouble building the walk away recurring income.
Cheers.
@magnel (2263)
• India
30 Sep 10
You made the right decision, the desire to have an extra source of income is not bad. Now, being successful or not is totally up to you.
You need to have the right ingredients in place.
I would advise you to show the video from Tim sales "Do Most people fail in MLM?", he explains it very well in his video. You can get it on YouTube.
Also you need a self made plan, which ensure downline retention. Most of the people are unable to retain their downline members.
@CJscott (4187)
• Portage La Prairie, Manitoba
30 Sep 10
Or maybe it was Golf, regardless. Love the concept laid out.
@joy_evaldez (461)
• Singapore
30 Sep 10
Thank you for your insights! I will definitely watch this video. It seems that you are also in this kind of business am I right?
@jpso138 (7851)
• Philippines
30 Sep 10
Yes, MLM is definitely a good way to earn big money online. A friend of mine has been doing such for quite a time. He has been in such way of earning for about 5 years already and knows much about the in and out of the program. I for that matter is not very good at it. Its hard to find as you have said recruits to do the same. But I think, if you just work on it and give your time, then later on you will surely make it. So just hang on and give it your best.
@joy_evaldez (461)
• Singapore
30 Sep 10
Thanks! I will intend to learn as much as I can on this business so the system will eventually work for me instead of me working for the system. I will just hang around as what you have suggested since I still have my full time job.
1 person likes this
@CJscott (4187)
• Portage La Prairie, Manitoba
30 Sep 10
Congratulations on making the decision. If any negative people ever ask you how much you have made, you just tell them, word for word mind and like you mean it..."I don't know, I haven't finished collecting it all yet!"
And then you explain to them "recurring income for your recurring bills" when they ask you what you mean.
I wish you the very best in your endeavor, remember, build people and people will build the business, and the power of auto suggestion.
I have loads of excellent resources, they are yours for the asking, all free. Learn about the business, from the experts that is what I say.
I believe in You.
Sincerely and With Appreciation.
I don't know, I haven't finished collecting it all yet... Bravo, CJscott! And 100% true BTW 
@joy_evaldez (461)
• Singapore
30 Sep 10
Thanks CJscott! Please send me all the help you can offer :) I am still learning the business. Right now I am starting to read Robert Kiyosaki's book's Rich Dad Poor Dad and have so many insights that I know will help me to succeed in this endeavor. I so like the idea of having 100 people with 1% effort to have 100% result rather than me having 100% effort to get that 100% result. I claim and I believe that networking and leveraging as a marketing plan really works! If it works for other, I know it will also work for me.
1 person likes this
@joy_evaldez (461)
• Singapore
30 Sep 10
Thanks for your response. You are right, getting refs is the hardest part of it. But I will just take it easy and will not overdo it for the time being. What I do now is just share the information to everyone I know and hopefully the got interested on what the business offers. I think it has a potential as 3 of my friends shown an interest into it. I kust don't want to rush them ans advise them to study the business first. Of course, I do not want them to blame me in the end if they did not get what they want. I want my refs to have the same perspective as me so we can work as a team. It is easier that way.
1 person likes this
@tinkerputt (33)
• Philippines
30 Sep 10
MLM is good if you know how to operate it.
Personally speaking, I have tried MLM but was not successful in it. Maybe because I am too lazy to recruit and my selling skills sucks :D
Good luck on your new endeavor!
@joy_evaldez (461)
• Singapore
30 Sep 10
I tried it before as well but like you got lazy to do it.
Actually, you do not need to do the selling, it's the system that you have to work for you. My downside before is that I just jump in on the bandwagon hoping I will be richer doing nothing. But now I realized that at first you have to do the hardwork first. It's like sowing seeds today for you to reap it for tomorrow.
@zenoguimme (314)
• South Korea
30 Sep 10
MLM is very good in theory. It is very hard to get result. As for me, just one works for me, but it does not need referrals at all. Of course, referals make me more money. At least they pay me around 10% a month for my investment. About two years has passed after my registration.
@joy_evaldez (461)
• Singapore
30 Sep 10
I see then good for you too. For me, I will just concentrate first on this business and I am determined that the system will works for me.
@venkataraman_vc (5293)
• Chennai, India
30 Sep 10
Yes. I am a success MLM businessperson. MLM is a good way of becoming rich in a reasonable time with minimal investment. But, before choosing the company, everyone should do their own analysis about the company, the marketability of the product and particularly the support of their team leader. (Team leader's role is very much important besides the product being good.)
By "Analysis", I don't mean finding negative points only. (Most people do this, and they see the negative side only.)
In the current world, employers seek full time slaves for peanuts. If we don't have a secondary income, we would be nowhere in short time. And successful people are mostly businessmen and not any job-goer. So, there is nothing harm in trying any MLM which seems promising.
@joy_evaldez (461)
• Singapore
30 Sep 10
Yes, MLM got a big potential nowadays, That is why I give it a shot now and slowly work to the top :) It do not want to hurry things but I will not be laid back either for me to achieve what I want. It is good to know that I am not only the one having this kind of perception here. Networking and MLM got a bad reputation already that sometimes it is really hard to convince other people that it is indeed a good investment.
@joy_evaldez (461)
• Singapore
30 Sep 10
I rather not to talk about it here as it maybe against mylot rule. I do not want this post to be deleted as well. But as I mentioned earlier, I am just starting on this new business and still learning the ins and outs in the process. I enjoyed it so far and was motivated given the fact that there are so many testimonies of success given by my uplines :) Hoping for the best.
