When I start to explain what it is that I do on the business side of coaching I often get the same questions over and over. My favorite one of all is “Oh … that one of those multi-level marketing things. Is that like a pyramid scheme?” This is my FAVORITE question, because it shows me exactly who I’m talking to.
I’m not talking to an entrepreneur, or a naturally business minded and growth driven person. I’m talking to someone who has been taken advantage of in their life, is afraid of big risks, and who doesn’t believe enough in themselves. I’m talking to someone who needs to be educated and needs to learn how to dream again, and I GET to be the person to help them with that <3
When people ask me “if that is a network marketing thing” I reply with a resounding “YES, where the HECK else would I be!?!?!” Make my own hours; set my own pay, no limit to my growth … all with almost no investment, full training and resources, and corporate doing my marketing for me! It’s the perfect balance of security and risk, or creativity and structure, of growth and comfort. I can’t imagine a better way to do business.
I’d like to discuss the Top 10 Reasons why MLM programs are the best way to start and run businesses:
1. No Risk
There is a certain amount of inherited risk involved when you become an entrepreneur.
We are confronted with the potential of losing money, wasting our time, not being profitable, and more. In a traditional business, the startup cost associated with opening that business is what holds many people creating their own destiny.
Most people naturally do not like risk and try to avoid it by all means. We’ll take the “guaranteed bet” and stay within “our safe zone. The advantage of starting an MLM Program is that there is a small risk to get started. With as little as $39.95, it is possible to get started with my company, and many others only a few hundred, and you’re able to start marketing products that you consume already. The amount of financial commitment is almost insignificant compared to that of traditional business. You’d spend that on fast food or a night at the bar for your friend’s birthday, and have nothing to show for it.
This is a far cry from the tens of thousands of dollars you would need to start a traditional business, not to mention the Beachbody coaching opportunity comes with a money back guarantee!
2. Existing Demand
If you pick the right company, you will already have people wanting the products you are representing. There are a myriad of network marketing companies that promote very good products. Think about these things as it applies to Beachbody:
- Would I still consume these products/services if there were no opportunity to market them?
- Do these products bring any benefits to a consumer besides the opportunity to make money?
- Would I bring “value” to my customers if they consume these products?
I know for myself I answered a resounding YES to each one, it is certainly the right company for me!
Beachbody spends millions of dollars on advertising so the brand awareness already exists. You don’t have to reinvent the wheel, or invent a product, or get a bunch of licenses and credibility to help the people around you.
3. Residual Income
I am sure that you pay your bills every month. Many of them may even be on automatic debit. From rent, electricity, groceries and gas to cell phones, tanning and Netflix. You are a reoccurring customer for these companies. These are the types of services that for the most part provide an ongoing stream of residual income for them.
The greatest advantage of an MLM Program is that it gives you an opportunity to enjoy residual income just like those companies do. When the initial effort of getting a new customer is completed, you can enjoy the residual part of that business relationship if you remain engaged and foster quality relationships.
When you work a “9-5 job” you trade your hours directly for that hourly pay, that hour only. You don’t get paid for that hour month after month, in a business that can live on after you. You won’t be leaving the money you earned Monday morning to your kids when you are still getting paid on it after you are gone!
You are going to be working for the next decade anyway, what if you were working and it was BUILDING SOMETHING!?!?
4. Income Potential:
There is no cap on how much money you can generate. In my corporate jobs, my big limitation was that regardless how hard I worked for these companies; my income was tied to the pay grade for that position, or at the whim of budget cuts. Even as a very well paid commission employee, I never knew when the next restructure was coming down from corporate, that would cut my pay in half for the same amount of work!
In an MLM Program, that’s not the case. It is up to you to decide how much you want to earn. An MLM company doesn’t hold you back in the same way the corporate environment does. There is no wasting your potential and drive.
Of course the skills are key. You have to learn, but once you trained yourself to become a quality network marketer, you can market anything you choose and generate that income you seek. you make an income based on your stamina, dedication, and your willingness to help others!
5. No Employees:
This is a clear advantage over traditional businesses. An network marketing program is a business of people independently working together toward a common goal.
This industry gives you the added benefit of being in business without employee concerns, by having a network of independent business owners working together towards a common goal. You’ll never have to worry about making payroll, sending out w2’s, complying with labor laws, tracking time sheets, and all the other bureaucracy of traditional business.
Let’s also point out, you get to CHOOSE your co-workers! It’s your team, if you don’t like them, don’t sign them.
6. No Inventory:
Traditionally Network Marketing companies would have distributors stack up on inventory. This concept alone has given the industry a bad rap for years.
However, modern companies, like Beachbody, do capitalize on the technology and tools we have in place such as:
Not having to inventory products will make your business more agile to any market condition and all the other technology will allow you to work your business from home, with people from all over the world.
7. Low Operating Costs:
The network marketing model makes possible to run a business at low costs compared to any other business model. No overhead, no admin costs, few marketing costs, and most companies (like Beachbody) will not require a minimum spend from you each month.
This is where your upline’s support should come in. A good upline mentor should allow you to piggyback on his or her expertise, knowledge, leads, and more to help you generate the funds to pay off your initial investment quickly. The more you plug in to good training and engage in your team, the lower your operating costs will be.
When you make your own schedule, set your own hours, and strive to your own goals, you are allowed a ton of flexibility. If you are at a corporate job where they can demand overtime, cut hours, make you join a lottery for holidays off, and the company demand decides your time commitment, you are stuck. Kids sick? Family in town? It’s your birthday? You really want to go see your grandma or finally take that honeymoon? GO! It’s YOUR business. Work at night when the kids are sleeping, take the weekend off, check your email from overseas. You can really LIVE your life and not be tied to a time clock.
9. Recession Proof:
Network marketing doesn’t ever present you with potential lay-offs, budget cuts, reduced hours, furlough days, forced retirement, and other means that corporations rely on when the economy gets bad. You are not at the mercy of someone else’s decisions up top.
If times get tough, you just get tougher! I personally managed to replace an excellent income at a high level marketing firm DURING a recession. Will you have to talk to more people? Of course, but at least that is in your control!
10. The Freedom:
With all of the technology today, we can work from anywhere. Now this is true for many businesses of course, it is just very beneficial to those in our industry.
As long as you have access to the Internet, you can take your computer, your phone, and continue doing business while you are on the road, on vacation, or visiting relatives whether that be in another city or another country!
Imagine having a productive business in network marketing providing you with a lifestyle that you believe is only for the “rich and famous”. When all the pieces are in place, the life of a marketer can be incredibly rewarding. It takes more work than just being born with a silver spoon in your mouth of course, but you can have that life too.
That’s the dream every new coach chases but it is only attainable when there is a clear understanding of how to get there and when your skills are sharp so you must plug into the training and be willing to learn learn learn!
It is not just the money, but the fulfillment of a lifestyle that makes an MLM network marketing program the best business to get in and your skills is what make it happen, period!
I worked in the corporate world for 15 years before I ventured out on my own. I NEVER considered myself an entrepreneur, I would never take big risks, and I was always skeptical. I thought that you get a “good job” that was “stable” and you got a 401k and 2 kids a cat and a dog and used your credit cards for emergencies and hoped to buy a nice house someday. I found a passion for a set of products and a company culture and was able to plug into a structure that took the risk out of my way, and made room for all the dreams I could conjure up.
I could go on for probably 100 more reasons why I think this is the best way to do business, but I’ll sum it up like this:
Pyramid and Ponzi schemes are scams where people buy into a plan to make money, and the people above them make money on them joining, regardless of what they do. Everyone hopes and wishes their turn at the top will come, but no one has to DO ANY WORK for it, just convince people with empty promises. There are no products, no real people, no passion and no backing. They exist and they are illegal. In those programs only one person wins.
Multi-level marking companies are an opportunity where people can buy into a plan to build their own company, where they learn, train, teach, sell and coach people through real life change, physical or financial. In these programs everybody wins. They are fuelled by dreams, passion and big long term vision. I am incredibly proud of what I do, and I would love to have you on my team if this hit your heart in someway. I hope this has helped you realize it’s okay to dream just a little bit bigger, hell why not a lot bigger 😉