Hard Cold MLM Facts

[oliver]

79,000,000 (yes million) Americans plan to start their OWN
businesses in the next 3 years (Forbes Magazine)

Donald Trump and Robert Kiyosaki BOTH say that if they had to do
it all over again, they would build their fortunes in THIS industry.

In fact in Trump and Kiyosaki's latest book "Why we want you to be
rich." They dedicate an ENTIRE chapter to network marketing!
(chapter 25) This is the only business opportunity model they wrote
a WHOLE chapter on.

BUT!

Here are Facts about Network Marketing:

-Less than 1 out of 1000 people in this industry will ever
make 6-figures.

-90% of all business WILL fail within their first 5 years
(Entrepreneur Magazine)

-Over 30, Million (yes million) Americans have either
attempted Network Marketing or are currently involved in the
industry.

-Yet 90% make less than $10 a week.

WHY! WHAT ARE THEY THINKING? Why does everyone think this is an
industry of easy riches when the reality is that most are failing
dismally?

It's simple: Over 90% of the money in this industry is made by the
COMPANY'S OWNERS and Trump, Buffet, and Kiyosaki know this! (Warren
Buffet alone reportedly bought 7 network marketing companies in the
last year!)

Most of the entrepreneurs are lured to this industry by dreams of
riches and a better lifestyle.

Yet the VAST majority will fail.

Unless you are joining a GROUP or TEAM that is REALLY going to show
you the COMMON DENOMINATORS of their success, you are dead in the
water. Most people don't realize that unless you are able to
leverage the experience of the leaders on your team, you will go
broke LONG before you ever make a substantial income.

In the end the only people making the money in most companies are
the owners themselves and a few people at the top.

To succeed in this industry, you need to eliminate at least 90% of the learning curves and struggles that typically cause most people to fail.

This is a very important part of NOT becoming yet another STATISTIC.

Think about it! What are YOUR chances of success if YOU are able
to solve every variable and leverage the success of every
entrepreneur that went before you ?

Got an idea on how ?


Sincerely,

Ingebjørg Huus

[Indizine]

I would imagine that almost all our members (and most guests) wont identify with the USA statistics quoted. Might have been better to research and quote UK stats instead, to make them relevant to the primary audience of A1.

[oliver]

with my International business. Sorry about that, but in my world it doesn`t really matter where the statsistics come from because any country is my market. I thought there might be some people in this forum doing something simular...but here we go...

here is some UK business news/statistics (Business Link)

Over ten million Brits would love to leave their jobs and start up their own businesses, according to new research from Business Link. 35% of workers polled have given starting up some thought, and 20% reckon they'll make the leap in 2008.
While 15% think of self employment as an option because they're not happy with their current employment, 37% admit that the main reason for taking the leap would be to earn more money. The research shows that 40% want to start a venture in order to gain more freedom, and 25% want to turn a current hobby into a real, paying business.


All the best
Ingebjørg

[Indizine]

your post is about network marketing as are your stats in the original post, they are nothing to do with the start up stats you mention above.

Only 3% of the UK population is self employed, so I very much doubt that 20% of 10 million people will be going s/e anytime soon.... and certainly not in 2008 seeing as there is less than a month left

Personally I would take BL stats with a pinch of salt, having delivered sever million pounds worth of their start up contracts.

[mandyjane]

It feels like anyone would be mad to go self employed at the moment - scary!

[d30web]

with the bleek headlines at the moment i think very few people are going to chuck in their jobs to go self employed but then again the large numbers of job losses is going to force a certain percentage into being self employed - its still a long shot

[My Owl 1]

It feels like anyone would be mad to go self employed at the moment - scary!

Could agree with you more However....
I do both which is very helpful. I am building up my MLM business in utilities whilst working at a day job. I know that with the constant hard work I am putting into both that I will have a good second income to see me into retirment and that will allow me to do the things that i want to do and not worry about the pennies. I must say that my MLM business is awesome in that the company offers the most amazing training package and mentorship, that I did not experience with 2 other MLM's.

It isn't everyones cup of tea and it certainly is not a get rich qick scheme but is providing me with a steady monthly income that is growing month by month.

Best wishes and good luck with all our businesses

Avril

[stephendoyle]

hi avril,

you have the best approach.

a lay your foundations plan and then build on it.

too many me included when i was younger chased the money rather than seeing it as a business and lifestyle changing factor.

once you get that steady monthly income you can expand and decide to give up your day job.

very sensible.

regards
stephen doyle

[My Owl 1]

Thank you Steve

[Eco Girl]

Ouch - surely this can't be true. I have been involved in a couple of MLM now and I think it is all down to finding the right opportunity for you. The last MLM I was involved in I wasn't very motivated nor 100% sure about the products so it didn't work. However, my most recent venture I feel very passionately about and therefore I'm willing to put the time in, so hopefully it will be successful.

However, I think people tend to think that MLM opportunities will bring you mega bucks for little work. This is not the case, you rarely get something for nothing.