The Bloggers Corner

When we commence our MLM business, we are preoccupied with the thoughts of money making within a short period. But many hopes which we build in the air, are baseless and falsifying. Let's do a short study to know what a businessman requires to do before we come to know how to generate income quickly. Surf the internet websites to have the phone contacts of the franchises like blogging tips, McDonalds, GNC, Subway or a Verizon Wireless store. Ring those franchises up to get an idea of the time period required to get profit from your business. It is guaranteed that the answer must be more than two years; even some replies will be three or four years.

Ask the same question to any buddy of yours who is the proprietor of a construction business, convenient store or a nail salon, if you are reluctant to ask the franchises. You will get the same reply.

You can now argue that network marketing business is different. But it is a crazy idea to expect profit peeping out at the end of a week. If we don't think this way, we go ahead and think childishly that our company or sponsor is the culprit.

A survey done recently about a high traffic home business blog unveiled the result given below....the question was how quickly you are capable of turning a profit in MLM business.

1st month - 25%
2nd-3rd month - 44%
3rd-1year - 19%
1year-2 years - 15%
2-3 years - 0%

So the result shows that over 2/3 of the people polled think that they will be able to turn a profit within or less than 3 months. The real picture is different - less than 10% are capable of turning a period within that short period. Sometimes we get informed that many big MLMers see money as soon as they enter into a company. It is possible if those MLMers have brought lots of new recruits with them at the time of joining the business. An average networker like me and you and like the 95 % of MLMers should focus on the 3 months to a year category.

A new MLM business is quite different from a new franchise business. The former doesn't require a couple of years or more to turn a profit like the latter. Still not expecting anything before 3 to 12 months will relieve you from stress. The first 5 months should be used in covering the cost of monthly autoship product which is around $100, cost of buying leads or marketing which is around $100-200 each month. You make profit when your residual income is more than the money involved in marketing and autoship. But it will be foolish to think of recovering your capital in the business.

In short, you have to be pragmatic and practical. Remember that business is an unpredictable venture. You never know about the future. So instead of pondering over the thoughts of quick money making, work diligently to be showered with money in the future days! God bless you.

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