MLM is Not a Get Rich Quick Scheme

There is certainly big money to be made in MLM, and you will often hear rags to riches stories about people who beat the odds and went from zero to millionaire through building a successful network marketing business.

The key word here is building. Many people have the wrong idea about network marketing - they think it is a get rich quick scheme. Not only is this not true, it has a negative effect on the people who are involved in the industry, not to mention the people who are afraid of it! In fact, possessing an earn money quick mentality is one sure way of guaranteeing failure.

It is better to think of network marketing not as a get rich quick scheme but as a get rich quicker scheme:

Although there may be a few people who have only recently joined a new company and have already built a huge number of downlines, these are the exception to the rule. You can’t make fast money in network marketing, it is a slow build and a slow growing route to success. These people you have read about may have only just joined the company but they could have come from another network marketing opportunity and brought their downline with them (known as MLM hopping).

This said, you can still make money more quickly compared with those who are working nine to five in a dead-end job. Would you rather be a leader of a 1,000 downlines in network marketing than a CEO of an organization managing 1,000 employees? Although it is not a get rich quick opportunity, the growth possibility of a network marketing business is exponential compared with other business models. Slow growth and profits at the beginning are replaced by huge, fast growth once you get going!

In the traditional model, if you train an employee and teach them everything you know, they may leave your company and become a competitor! You will wonder why you bothered! They may even take your customers with them. Empowering others to be as successful as you doesn’t always work out in the dog-eat-dog world of traditional business.

Most bosses only pay their employees just about as much as they have to. Why would they pay more? And most employees do just about as much work as they need to to keep from being fired. The work ethic doesn’t go much further than that. This is a lose-lose business model that doesn’t benefit anyone involved.

In network marketing, those you train are not underneath you, or worse than you, and there is no motivation for them to leave and set up in competition with you. In fact, you should do everything you can to help them achieve as much success as possible. You can even do this at the expense of your own personal commissions occasionally if it means that this downline will become a path to financial success in the future.

When you help your downlines to succeed, you become even more successful! That is the beauty of network marketing, and why it is a win-win situation rather than a lose-lose. When your downlines want to move on and train others, they are ultimately doing it for you.

So while network marketing isn’t a route to get rich quick, when you have enough downlines working hard to build their own businesses, it is certainly a route to get richer quicker.

Jaz Lai is a home business network marketing expert. Download your free white paper and audio on how to use the internet to Double or Triple your organization within the next 30 days. Available for the next 24 hours only, click below for instant access :

By Jaz Lai Published: 7/11/2008