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Do Intelligent People Join MLM Companies?

Thinking back now over the last 7 years since I first joined the MLM industry, it’s funny to think that life could have ever been different. What I wanted to do, is rather than just give a blatant promotion to join MLM, give you some insider information AND discuss the positives and negatives of being involved in the Network Marketing industry.

The truth of the matter is that MLM is a great industry to join, and it’s a great profession to be a part of if you treat it right. There are some misconceptions, however, that are important to understand if you do decide to join Network Marketing.

First, let me just share with you that I joined the MLM industry part time in 2002, and I had an absolutely miserable experience attempting to be successful at it all the way from 2002-2007. Not only did I not make any money worth mentioning, but I managed to chase away all but a few of my loyal friends and it seemed that I was worth less financially after 5 years of struggle than I was when I joined MLM in the first place.

Taking a look at the surface of my initial experience, most people would think that I would have been better off if I had thrown in the towel and quit for good (in fact, a lot of well intentioned people encouraged me to.) However, looking at my life style now and what I’ve been able to accomplish proves that it was the right decision to stay in the MLM industry.

Why can I justify joining MLM after 5 years of failure?
Well, let’s take a look at a brief comparison:

I’m a college dropout.  In fact, I went to one year of college and then I decided I wanted to be an entrepreneur and I just quit.

The average household income for someone who’s a high school graduate without a college degree in the USA is $25,900 per year. At the same time the average household income for someone with a professional degree is $109,600.

Well, I fall in the earlier category, and last month while I’m hesitant to disclose my exact earnings, my profits from my MLM business online were in excess of $28,000 for the last 2 weeks of the month.

(As a quick disclosure here, not everyone in MLM does that well. I worked REALLY hard last month for that money, and I DID NOT ‘Get Rich Quick’).

So looking at the numbers, does that mean that you should join MLM? Well, let me tell you the TRUTH how I see it. You might join a Network Marketing company and fail miserably for your first five years AND the statistics show that most people will experience a certain level of failure before they have any kind of significant MLM success story. So rather than asking if you should JOIN MLM, maybe you should ask:

“Are you willing to do WHATEVER it takes to learn the skills you need to learn to be successful in the MLM industry as a PROFESSIONAL who treats their business like a business?”

Are you willing to do that?

One of my friends in the industry, Mark Yarnell wrote a book in the 90′s called ‘Your First Year In Network Marketing’ where he shared some interesting statistics.

The statistics show that although 95% of distributors in the MLM industry fail, that for those of us who stick with one company for 10 years or more and actively participate in their business (meaning that they work at it at least part time), that 95% of them reach the top of the company’s pay plan.

What does the top of the pay plan look like? It varies from company to company, but in most companies it is A LOT more than the average person with a professional degree makes on an annual basis.

So the question of the day is not ‘should you join MLM’ (You’d be stupid not to)… instead the question of the day is ‘Are you willing to treat your business like a business?  Or are you going to jump on the latest deal and then quit before you ever really start?’

If you’re a part of the latter group, I’ll save you some money.

Quit before you start and stick with a job. For the rest of you, though: DREAM BIG. This is an industry with HUGE potential that is just waiting for leaders like you to step out and take charge of their future, and to the DREAMERS I invite you with this challenge: Are you going to let the statistics of QUITTERS stop you from taking charge of your future? Or are you going to join us at the top and LIVE your life the way you demand? You decide my friend. I’m GLAD that I stuck with it, and I’m happy to be free.

So do intelligent people join MLM companies? Well, it sure was intelligent for me, don’t you think?

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23 comments
DarrylDelong
DarrylDelong

Great tips David. MLM is just something you have to keep working at. I finally found success in MLM and built my own website and lead capture system for all my downline. As a result, I now have over 20 paid members in 2 months and a downline of over 50 people. My website is at http://www.darryldelong.com - let me know what you think. Thanks!

Maxim Kobzev
Maxim Kobzev

You gave me very good tips! Thanks! Do yo know about the most popular International Financial Mutual Aid System Gold Line in Russian and Ukraine? If you like it, Join. http://miliony.glplanet.net

Rick Herbst
Rick Herbst

Thanks as always David for you straight forward approach and clearing the noise out of the equation. I have watched you win a BMW in MLSP to replacing an income from a previous company in a week, to becoming literally a visionary entrepreneur that has made an amazing contribution to changing the face of commerce in our country. You rock bro!

r.v.krishna rao
r.v.krishna rao

ive started in a company just recent and there are times i love it and there are times i am totally frustrated. I belive in reaping what u sow so all i can do is keep at it and beleive that my hard work will one day pay of. Its not easy with a family and trying to push yourself more than usual. However the winning part is always worth it.,. keep pushing folks cause no one else is goner do it for u. patrick

Edmond
Edmond

It really is refreshing to read this article. Let you look at the other side of a coin. In any business, traditional or MLM, hard work is required. There are quitters in both business. There all success in both as well. In all business, the attitudes for success is/are the same. Working for others? Still required the right attitudes and hard work. If we do not shown these, we are shown the door sooner or later. Do we classify such people as failures? Just be aware of bad MLM companies out there with no track record. Do your due diligent, even in any other business or job.

patrick brown
patrick brown

hello.. ive started in a company just recent and there are times i love it and there are times i am totally frustrated. I belive in reaping what u sow so all i can do is keep at it and beleive that my hard work will one day pay of. Its not easy with a family and trying to push yourself more than usual. However the winning part is always worth it.,. keep pushing folks cause no one else is goner do it for u. patrick

Joe Young
Joe Young

Hey David, back again for more doses of incredible posts! Seriously, you are right. I cannot tell you how much money I have made in network marketing, LOL, it is so little next to zero. Not proud of it. I just like to think that I have gotten a lot of the bad miles out of me and am ready for the good ones. I was really ready for a huge leap last summer when the company stopped its distributor program. Got tired of start-ups. But, hey, no time for tears, just time to go forward. I enjoy your training here. The other thing I fell victim to was TMI. Gobbling it all up I ended up not going anywhere like having 17 boxes of cereal to choose from and not sure which. Been there! Least I am eager, but stupid has to be put aside. MLM is a patient business. I look forward to the future. MLM is an unsettled issue with me, like a race I have never won, but want to. - joe

Josephine Monty
Josephine Monty

Hi David, Great article, David. You do not know me but I know you! You are a real inspiration to me and the network marketing community. You are right on with this information. It does take hard work but success happens to all those who do (WIT)whatever it takes! I just wanted to thank you for inspiring all of us little guys who are slowly but surely working their way to the top! Josephine Monty :)

Aymee Buckhannon
Aymee Buckhannon

Dave, I agree with 'most' of your article. I do not, however, think that people who don't join MLM are stupid. It is definitely not for everybody and I do know many successful business owners who are not involved in MLM who love their work. That said, I love the industry. I do think most pre-judge it pre-maturely and many leave before they give it a chance to sink in. PS: Your "intro video" on your other site is 46 minutes long??? You are killing all of us "A-D-D" people Dave! LOL. ;-) Aymee

MONICA SANCIO
MONICA SANCIO

Dear David, You are right on the money! And I want to join you at the top! I need to take the right actions, and even if I know them, it is a challenge right now: until it flows and becomes natural, just like other skills. MLM is the simplest model, much easier than anything I ever studied, yet it is the hardest thing I have ever done. THANK YOU FOR YOUR INSPIRATION Monica Sancio.

Sue Price
Sue Price

David This is my first time to your site. I cannot believe I have not been here before. I think your post is excellent and truthful and I thank you for it. I think far too many people quit before they start. I like how you said that. Sue

James
James

Great article. But I don't think that many intelligent people join MLM. Its because if you are intelligent, you will already be making money in a real job that delivers real value instead of scamming people into handing you cash so that they can join a franchise with a weak product that doesn't sell. MLM has nothing to do with marketing and has everything to do with hard selling to people you don't know

Karen Marrow
Karen Marrow

David, Great information as usual. Your story is a great one and it shows with hard work the payoffs of network marketing are huge. I remember hearing Tim Sales say that network marketing is the most ethical business in the world, when it's done right. It actually builds people up. Thanks for your wisdom and have a great weekend!!! Karen

Megan@Primo Vacations
Megan@Primo Vacations

Great post, and truly inspirational. I have been online for eleven years. I have read post that shove opportunties down others throat. This was with out hype, right to the point. You are so right everyone should own a business online. The Internet opens doors, its who walks through that door that will go on to make money online. Looking for more content off this blog. Thumbs up my friend Megan

Chicago Blues CD
Chicago Blues CD

had been interesting. You seem very knowledgeable in your own area.

Graham
Graham

Hi David Love your article, and your positive attitude not only to MLM but life in general.What you are doing is reaping your hard work. As napoleon hill said "Quitters never win and Winners never Quit". All the Best David hope to connect soon Graham

aravindan
aravindan

Im an frustrated network marketer. ur words and suggestions were truly refrteshing.... thanks man..

Eric Burnett
Eric Burnett

Yes Intelligent People do Join MLM Companies. They should if they new how they could leverage your time and live the life that everyone dreams about. My opinion is everyone should at least look into MLM. Its Live Changing Much Success Eric Burnett .-= Eric Burnett´s last blog ..Social Networking To Create Effective Internet Website Buzz =-.

Mark Gubuan
Mark Gubuan

Dave, I am a corporate accountant and I would like to think that I am an intelligent person. I recently started to believe that it doesn't really matter what career path you decide to go down because you'll fail because of the same reasons. But you'll also succeed for the same reasons. The principle that people need to understand here is how to set goals and acheive them. Success is easily transferred from one profession to another because people know how to visualize an objective and attain their goals. So for everyone in MLM stay focused. Reach your goals and enjoy life. You will succeed! Mark

Bob The MLM Team Builder
Bob The MLM Team Builder

Economic upheaval force people to change their outlook on life. Lots of "successful" people are redefining the way they define success beyond just money and a job that sounds respectable. The book "The New Professionals" by Dr. Charles King documents the transformations of Doctors, dentists, lawyers leaving the daily grind to start successful careers in the network marketing industry.

Theuns
Theuns

Thank you David You are spot on i love this info you give out Regards Theuns

David Wood
David Wood

That's just it Josephine - if people work it, this works better than any job I've ever seen :) More predictable, too - (I think) -dave

David Wood
David Wood

lmao. A 'Real Job' delivering 'real value'? Is that what you call the 87 1/2 % of the population that hate what they do for a living these days? If you survey inside the MLM profession, about 70% of the active participants are in a professional category, we have some of the most intelligent people in the world here my friend :) -dave

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