7 Modern Day Lies That Will Kill Your MLM Business Fast

Take it or leave it, it is an exciting time to be involved in MLM. It is not only because MLM has changed as it were, but because the various ways of approaching MLM has changed dramatically over the years. While the fundamentals have remained, such as building relationships, the methods and strategies of building the business has evolved for those doing it the right way. I mean, who would ever think that 2 years ago I would have people calling me from places like Australia, UK, etc giving me reasons why I should let them join my MLM team. Do it the right way and this business could be a lot of fun.

But alas, the modern way of doing MLM comes with its pitfalls. Not that these pitfalls did not exist from the start, but overtime it has grown in staggering proportions and more and more people are feeling the effects like never before.

It breaks my heart to realize that despite the tremendous opportunities this industry provides people are still being lied to.

I had a guy call me from Ghana the other day to confirm some stuffs about my company and I could not believe the lies that were told this fine gentleman. The man was also evidently surprised that I didn’t sugarcoat it so that he’d join me. Why would I? This industry is already the Shortcut. Anyone looking for that ‘shortcut’ in this shortcut would be cut short in his/her MLM career. (Hmmm…I like that rhyme :) )

One of the major reasons most people dislike getting involved in MLM is because they were lied to when they first had an encounter with this awesome industry. And I would not blame them, like them I am not quick to place my trust or even give a listening ear to anyone who arm-twists me. I mean, when people are being lied to, they have certain false expectations and when these false expectations are not met, they are not the happiest people on earth. They get upset and label the industry ‘scam’. They leave the industry and carry the ‘gospel’ to everyone they know.

These lies are avoidable and if you are serious about taking your MLM business to the next level, then it is crucial that you guard yourself against them.

7 Modern Day Lies That Will Kill Your MLM Business Fast

If you are thinking of MLM, don’t let anyone sell these lies to you. If you are in MLM, please desist from using them as recruiting tactics because though it might work in the short-term, it is guarantee for failure in the long-term.

Lie Number 1 – It’s Easy

 Because of the instant gratification era we are in, people are lured with this lie. They take it that they can put very little time and effort and reap greatly. So they don’t take it serious. How sad!

Well, MLM is not easy. But tell you what, there are a lot of things that are easy that you could do instead. What is EASY is staying in a job you hate and keeping your life comfortable, even if it is a comfortable misery. What is EASY is knowing that you need an additional source of income but watching the Sports Channel every night nonetheless. What is EASY is hanging out with the same set of friends even though you realize that your income is the average of top 5 buddies you hang out with. What is EASY is knowing that your mortgage, car loan, kids college tuition is coming up, but praying for a miracle to happen at the 11th hour. That’s easy.

But getting off your butts and doing something to make your finances better, looking inside of yourself to see where you can become better, ditching that Champions league game to prospect and calling people whom you used to discuss MLM as being a SCAM with before you knew any better is not EASY.

Lie Number 2 – John Doe Made $100,000 his first week. You can too!

Can this happen? Absolutely! But they will never tell how it happened. As far as MLM is concerned, the only way this may happen is if you bring a troop of people from a previous company to a new company the first week. And it seldom happens.

More often than not, it does not happen but they will try to lure you in with that lie.

Never take anyone serious who claims he or someone else makes a ridiculous amount of people in a short period of time. MLM is a long term business. If you attempt to get rich quick in MLM, you will get broke fast.

Plug away at something that would produce a residual income like MLM, and in 12-36 months you could be on your way to financial freedom. But it won’t happen in the first week. Okay?

Lie Number 3 – You Can Build Multiple Companies at the Same Time

Every couple of days I get someone see my leadership qualities and offer me an ‘opportunity of a lifetime’ in a company saying that my building a new business will not affect my current business. Sorry sir, it’s a lie!

Asking yourself certain questions is enough to look through this lie. A lot of people lack the discipline to successfully build one company. What then are the chances that a new undertaking would be a piece of cake?

Even if you are successful in one company, is that enough to take on a new company? Is MLM all about you? Have you consider the effect it would have on your followers/downline?

Lie Number 4 – Our MLM System Would Not Let You Talk to Friends and Family Ever Again

Oh my…I fell prey to this one. In this age of the internet, this is the most popular. I was poorly trained and so I burned out my warm marketing using some terrible offline tactics that got me spending more and more and not making a single cent.

So I jumped at the promise that there is a magical, mystical mlm system out there that could help me close prospects in droves on autopilot. I soon found out that it doesn’t work. I have since learnt how to properly approach my warm market to ensure zero rejection.

It is when you don’t believe in what you are doing combined with the fact that you are poorly trained that you should NOT approach your warm market.

Ask yourself, ‘who are the top 10 people I’d love to have a cruise with?’ Are there people in your warm market who fall into that category? Then the quickest way to earn money in MLM is to approach them the right way.

Most people come online because they are terrible at talking with people. You can’t escape this skill to be successful in business. If you are terrible at talking to people, you don’t need an mlm system, what you need is to get better and get trained properly.

Lie Number 5 – The Product Doesn’t Matter

For the sake of clarity, there are two products in any MLM business, and they both matter. You are the number one product. If you don’t believe in yourself, no one else will.

The product your company carries is the second product and eventually, it does matter. If your product is crap, it will eventually stop selling.

I see people say crap like your company’s product don’t matter. For starters, I don’t get behind something I don’t personally believe in and that’s integrity, my friend. You must love your product and be happy to use it personally even if there is no compensation plan attached to it.

Lie Number 6 – The Compensation Plan Doesn’t Matter

Let’s try this together … if you were searching for a job, would one that paid you more interest you more or less or does that even matter? LOL, you bet your butt it matters!

One of my mentors would talk of his first network marketing business opportunity has being a juice binary company. He was placed on an inside leg and had to build both legs. He had 9, yes, 9, 6 figure earners in his team that he brought in…unfortunately, they were all on one leg! If you know a binary, you just cringed. It means that he did not make squat off those 6 figure earners.

Let me ask you this, if you bring someone into a company, and they help make that company profitable…should you get paid? Of course you should but old school binary companies only pay you off your weaker leg. This makes the company, not the rep, very profitable. I am shocked to find old school binary companies still exist. A binary can be very lucrative but the old school way of ONLY paying you off your weaker leg is pretty tough to swallow in today’s day and age.

Lie Number 7 – ?????

 

I started off with trying to come up with 7 modern day lies that will kill your MLM business fast but here I am stuck with 6. So I’d love you to help me complete it by leaving me a comment below. If you don’t have any idea of the seventh lie, no worries. I would be contented to have you leave me a thoughtful comment as well as share this article with others if you think they’d benefit from it. Thanks!

Effective marketing methods to use to build your MLM abound in plenty. You dont need to lie. You could generate more leads that you would be able to call using a list of 25 Marketing Methods as contained in this Secret Video.  (Just Click the Play Icon)

To your Online Success,

+234 807 269 0439

Skype: thowsyne

thowsyne@yahoo.com

 

PS: If Your Upline Does Not Have a Step-By-Step Blueprint For Success, Check This Out (Unless You Already Have Too Many Leads) – Click Here For Instant Access

7 Modern Day Lies That Will Kill Your MLM Business Fast

Tosin Adeoti is an Online Entrepreneur who is passionate about helping people build successful businesses on the Internet in a way that is attractive, fun and deeply satisfying so that they can live ideal prosperous lives. Click 'My Story' to read his very touching story. Click Work with Tosin' to consider the requirements for working with him. Good Luck!

Incoming search terms:

  • earth powered by commentluv
  • lies abour mlm business
  • A magician playing tricks
  • daylies
  • lies that kill
  • mlm lies products
  • modern lies in business
  • Multi Level Marketing: The modern way of marketing
  • people lie in mlm

Related Posts:

Tagged with: • • • • • • • • • • • • • • • • •

Filed under: Article • Business Tool • financial education • Financial Freedom • Home-based Business • Lies of Network Marketing • Mindset Development • MLM • MLM Training • Network Marketing • network marketing misconceptions • Overcoming Challenges • Prospecting • Rat Race • Reasons for MLM • Time Freedom

Like this post? Subscribe to my RSS feed and get loads more!