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?