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But do these people really make money doing multi-level marketing?
What's the actual likelihood of MLM success? Jon M. Taylor, Ph.
These numbers don't bode well when comparing them to the average failure rates of small businesses. According to the U.
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To come up with this figure, he joined a recruitment-focused company and worked full-time with the business for a year. He did everything he was asked, from buying monthly training products to attending conferences.
If you decide to join an MLM, then treat it as a legitimate business—even if it's a side hustle for you. Many reps struggle because they don't do this. If you don't market, sell, and do the activities that make money on a consistent basis, your business is likely to fail.
Today, those costs are greatly reduced. Some people don't make any money at all, and some people actually lose money. You also must be sure that it's a product and system you feel you can promote.
This is because compensation comes solely through selling products—no downlines, minimums or recruitment tactics. Additionally, some MLM companies are product-centric and have compensation plans designed around product sales.
Do your research. Some don't research the company or product.
Others don't read the contract they sign. Many newbies rely on the information provided by their sponsor. Gathering all of the details and reading all of the fine print before joining an MLM will help set you up for success.
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