I was a hard NO to network marketing companies because my perception was all the things you listed – expensive to start, most people lose money, etc. I’m a former financial analyst however, and once my first daughter was a year old, I was at the breaking point with the corporate world too! Then I was introduced to the social marketing company I’m now a part of (and have been for 2.5 years now), and am happy to say that my income now matches that of my corporate job, WITH the perks of setting my own schedule, working from home, being present for my children, etc. So, perhaps the issue isn’t with the industry in general, but PLEASE do your research! A solid company should have easy to find compensation summaries so you can see what the average incomes and timelines to promote are, as well as low startup costs & no inventory requirements. Yes, it is work!! But it can also be a wonderful option if you’re willing to put in the time and effort.
Breaking into the world of travel bloggers, hotel hoppers, and digital nomads with #wanderlust was one of the best ideas MLM ever had. Everyone out there wants to work remotely nowadays, and a huge portion of those people want to do it so that they can travel. So, a remote income opportunity with a travel MLM just makes sense. WorldVentures is hitting this niche hard, having been named one of the Inc. 5000’s fastest growing companies twice in a row.
You’ll get emotional as you’re on the roller coaster. You’ll appreciate knowing this information and sharing this information with your team. Whatever business you think of doing, ask for proof first. Ask for a business report. What’s the retention like, and what’s the reorder rate? Look at the numbers over a sample size, for example, 10,000 or 20,000 orders, or more.
While everyone evaluates their options at this stage in the buying process, how carefully they evaluate their options depends a lot on their personality and the cost of the solution. Generally speaking, the more financially conservative your target audience is and expensive your solution is, the more comparison shopping your potential buyers will do.
I encourage you to stop spending all of your time trying to find new customers, and instead focus on adding massive value to your current customers. This is why you need a money making online business funnel. It is one of the most successful marketing techniques in order to attract more leads to your business. Without it, your online presence will be non-existent. When you understand what it is that your customers need, then you can create solutions that are in alignment with those needs, while guiding them through the sales process. The result? Higher engagement and and conversion rates.