6 Common Mistakes You Can Easily Avoid by Hiring an Experienced MLM Consultancy

Multi-level marketing or MLM is a popular term but occupied by a lot of misconceptions. One such misconception among people about this business is the compensation plans in the country and the whole world over which we all may encounter as direct selling or MLM consultancy. For instance, MLM compensation plans that are deployed by the companies.

In this post, we will shed some light on the common mistakes that can be avoided by hiring the services of a professional MLM consultant or consultancy in India. So, let us get started!

Mistake 1: I am a part of a direct selling company and I know everything.
Reality: Mostly, new MLM business owners are unaware of the infrastructure and resources needed to support the direct selling business. It is because of the narrow view that they have about the field and sales activities. This is one of the reasons why a huge number of start-ups shut down in the first 2-3 years.

Mistake 2: The MLM business looks to be quite successful in a short span.
Reality: You cannot deny the fact that some businesses may get lucky! However, it is good to keep the investment period at least 3-5 years and a minimum of 6-9 years to gain popularity and a strong homegrown field. You must understand that a good company culture that can drive business and profit to higher levels takes time. Your MLM consultants in India will also tell you the same.

Mistake 3: With ‘old school’ compensation and success plans you can earn a handsome amount.
Reality: Well! You need to take the acid test to check what looks good on the paper! It is a fact you must modify your plans after a regular interval or as per the market trends to cater to the diversified and evolving needs of the customers. If you think that your old plans can help you succeed, then you are wrong.

Mistake 4: My business is like a ‘ground floor opportunity’ that is far better than other existing MLM companies.
Reality: This is a ‘Misnomer’. With this approach, you can only grab the attention of ‘grass is greener’ butterflies that jump from one company to another and rarely achieve anything better. Instead, you must focus on your experience, expertise, business opportunities, qualities of your products, and so forth to attain your goals.

Final Words
These mistakes have caused as well as are continuing to cause huge damage to the MLM industry by creating unnecessary confusion among people. So, you should consult with a good MLM consultancy before moving ahead to leverage the benefits.

Useful Tips to Make Your Multi-Level Marketing Better

Even after being so popular, many people are scared or run away from multi-level marketing or MLM because of all the misunderstandings and myths about this concept. It is said that the MLM business is not destined to fail. Irrespective of the home business, success can come to you from doing the work.

For many valid reasons, people do not see MLM as a business option. To succeed in marketing, you should connect with a professional MLM consultant in India and start treating your venture as a business. Additionally, here are a few useful tips for you to improve the chances of success of your MLM business:

1. Re-acquaint yourself with the Realities of MLM

To keep the MLM scams at bay and stay safe from the ‘pyramid schemes’, it is important for you to arm yourself with the right knowledge. Make the best use of the internet to learn more about the direct selling industry and research about the popular MLM companies. You can also connect with a reliable MLM consultancy for the right guidance and assistance.

2. Work with a Company Whose Products You Love

Too many people get trapped in the hype of potential huge income from MLM businesses that they forget to pay attention to what the company is asking them to put up for sale. You cannot sell something if it does not appeal to you or you do not have pride in what you are selling. So, do as much research as possible to find a company that has products you can get excited about. Additionally, thoroughly check the compensation plan of the company you are planning to work with.

3. Be Ethical and Genuine

One of the reasons that direct selling businesses get a bad reputation in the market is that some representatives use hype and deception to lure new partners. This makes people believe that MLM companies themselves promote this kind of behavior to get business but in reality, they don’t! Reliable and legitimate companies want you to be clever and honest in all your dealings with the potential recruits and customers. So, while promoting your products ensures that you are not ‘over-the-top’ or making any false or exaggerated promises.

4. Do Not Forcefully Involve Your Family Members and Friends

Even though there is nothing wrong with telling your loved ones about the business and its offering but if they are not interested, then let them go! Some MLM companies may ask you to prepare a list of at least 50 or 100 people you know. However, it is a wrong approach to establish an MLM business. You must focus on your targeted audience to find better and more business opportunities. That means involving your family members and friends is not a good idea.

Closing Remarks

So, these are a few ways to ensure the success of your MLM business. Besides, you can connect with a reliable MLM consultant in India to find the appropriate solutions to all your queries and succeed in such a competitive market.

Source: https://www.bulbapp.com/

Future of MLM Business in India

Multi-Level Marketing (MLM) is a type of method used by enterprises to market their services and products. The best thing about this system is that businesses or enterprises market their services and products directly to their targeted customers and there is no intermediary. This is done with the help of association and direct selling and the enterprises believe in sharing the profit directly to their customers. The distributors of these businesses and enterprises are typically non-salaried and they earn money by the commissions which they make by selling the goods and services.

Benefits Offered by the MLM Business

The main objective of the multilevel marketing business must recognize such people who need the products you are offering. You should keep direct selling guidelines and business ethics in your mind and there should not be any sort of harassment of relations and friends as this can have a huge impact on the relationships that are quite essential for you. Even though it is possible for some businesses to produce some good quality of leads but they can be extremely expensive. Generally, the conversion rates are low with the cold market due to which you will need to spend a good amount of money before you can get the benefits by creating an effective down line.

Future of MLM Businesses in India

The recent fluctuation in our economy is one of the reasons that now more and more people are going towards MLM businesses. As far as developing nations such as India is concerned, its people are now more open to the concept of MLM and direct selling guidelines. Therefore, they want to become a part of it. The current scenario of the MLM looks to be quite promising as well as brighter. 

When compared to other developing nations, in India, there is less acceptance of this marketing method. One of the main reasons is that there had been so many scams in the past in the name of network marketing. However, it is also true that there are so many leading companies that have run with the hard-earned money of many people.

Source: http://interarticles.com

How can you achieve financial independence with MLM?

 

There is a notable quote about financial stability that says, “Financial freedom is available to all those who learn about it and work for it.” The statement clearly explains the prominence of financial independence and the need to work towards accomplishing it. However, the modern-day requirements are proliferating and the youth marching in the earning age is ascertaining it perverse to meet the ends with the limited amount of money they earn.

The MLM techniques are hugely accepted by people to get extra income at the start and later, become a major factor for seeking financial independence. Before we move on towards explaining the numerous benefits and features of MLM, it will be more salutary to comprehend what it actually is and how it could be meritorious in making a person financially capable and self-dependent.

What is so unique about MLM?

MLM is short for Multi-Level Marketing and it is also known as pyramid selling or referral marketing. It is a marketing strategy that is aimed at the selling of products or services from the people who work for the company on a non-salaried basis but at a binary compensation commission system.

The work and the company expand with the ability of the representatives to make more sales or more people come to join the team. The ones aimed at earning uncounted revenue on a commission basis can bring financial achievements to themselves and become a major reason to make the company grow amazingly. The people get connected to the platform in a pyramid structure where the top representative gets the most commission and as the people under it and the sales they can make grow, his income also multiplies with the same speed.

How is it helpful in being financially independent?

There are two most popular sources of income among people, the first being the service sector and the other being starting a business. The people in the service sector have to start working at very low salaries sometimes and the jobs require a certain educational qualification.

The other problem relating to the service sector is that it gives little promotion and appraisals and that too after a long term of working hard. It also demands fixed working hours and there is no certainty of the jobs in private companies. When talking about the businesses, it generally involves capital investment and in the primary years, the businessman cannot think about out-earning the investments made on the company.

Here, the MLM Consultancy comes as the magic wand to open the door of financial security and independence for the people who are willing to earn rapidly with hard-work within their flexible timings. Being a part of the MLM strategy, a person can earn a massive amount of income if he is in touch with people who could be interested in purchasing the products of hiring the services he offers. The MLM heads do not hinder the selling techniques of a person and also offers amazing schemes, discounts and offers on the products/services they make. Unlike the service sector, the MLM does not necessarily start with a lower income, neither has it required any particular educational certificates and the working timings can be flexible according to the comfort of a person and it can be also done along with the jobs a person is already indulged in. It is better than having a business, as it has a minimal amount of risk associated and does not require a heavy amount of investment.

There are manifold other benefits of the MLM Consultants in India especially. Some of those are as follows:

1- Minimal start-up costs

2- Freedom of working time

3- Huge relief on tax

4- Side-income source

5- The risk is minimum in MLM correlated to the business

6- More stable source of income than private jobs

7- The work done by a person under you can benefit you directly.

With the information given above, it can be understood that Multi-level marketing is a fast and risk-free strategy to earn a lot of money. It works effectively by simply selling the services/ products to people and have more people working in a pyramid system. The one at the last point of the pyramid gets the likelihood to grow the income by either selling a vast number of products or joining more people under the team or both.

Source: https://writeapp.me

Direct Selling Guidelines in India by the Ministry of Consumer Affairs, Food & Public Distribution

If you are planning to set up a direct selling business, you need to comply with certain requirements. When you initiate the process, you will be given 90 days for compliance according to the conditions of the guidelines designed for the best direct selling guideline in India. With effects from September 16, 2016, the following are the salient provision of the model guidelines:

• It shall have an official workplace with identified jurisdiction in the state for its operation to enable the consumers and direct sellers to notify them.
• No key management or promoter should have been convicted of any sort of criminal offense in the last 5 years.
• The business should acquaint and provide every direct seller with a cooling-off time duration which entitles them to return any product or service purchased by the direct seller during this period.
• The company must inform and provide every direct seller with a full refund or buy-back guarantee on reasonable commercial terms which can easily be exercised within 30 days from the date of the distribution of the service or product to the direct seller.
• The company should provide complete and precise information to the existing as well as new direct sellers regarding the approachable and fair remuneration opportunity and related obligations and rights.
• The company should conduct the necessary orientation session for all of its members providing accurate and precise information on various aspects of the direct selling operations along with the remuneration system and expected remuneration for recently recruited direct sellers.
• To become the best direct selling company in India, it should be a registered legal entity under the laws of the country.

Final Words

So, these are the direct selling guidelines in India set by the government to streamline everything. Currently, there are some of the best and reliable direct selling and MLM companies in India like PiplByte operating smoothly. However, it is best to browse through their official website before you decide to join them.

Network Marketing Business Model

There are various kinds of business models that suit according to the needs and demands of the market. One such business model is network marketing. This business model totally depends on a network of distributors for the growth and development of a business. Network marketing utilizes three basic monetary strategies:

• Recruiting
• Building and management
• Lead generation

There are also three different types of network marketing:

• Single tier
• Two tier
• Multi-level

Let’s have a look at these three types in detail:

Single tier network marketing: This type of network marketing allows you to sign up for a company’s affiliate program. Thereby, you can sell that company’s services or products. You will not be needing the help of any other distributors. You will get payment direct from sales. Some affiliate programs pay you for driving traffic to the affiliate’s website. Pay-per-click and pay-per-lead affiliate programs are major examples of single-tier networking. Avon, one of the leading beauty products companies, also uses a single-tier network marketing business model.

Network marketing consultants enable you to focus on significant issues. They take care of other small issues objectively. They do not interfere in the political or personal prospects. These consultants are experts in analyzing the situation and providing efficient solutions.

Latest knowledge: Network marketing consultants always stay updated about the changes in the market. They are always aware of the changes in business regulations, operations, and technical issues. Whenever you hire network marketing consultants, they provide you with the latest solutions according to the current trend of the market. Their experience enables you to boost up your business.

Broad spectrum: Network marketing consultants always have a huge client base. They have a lot of ongoing projects at a particular time. They have an in-depth knowledge of the latest technologies. The talented and professional network marketing consultants have expertise in various software development tools and techniques. Hiring expert network marketing consultants enable you to acquire all the required services and information at one platform.

If you want to set up your business on the basis of the network marketing business model, then you must hire the best Network Marketing Consultants Company. They will take care of all the aspects of your network marketing business model and suggest you to adopt the efficient strategies and plans for accomplishing all your goals and targets.

Source: https://www.selfgrowth.com

Direct Selling Techniques That Can Make You an Achiever

The human needs and demands can never be put to an end and to satiate all these needs, the people need to reach the stage of financial independence. But, most of the 9-5 jobs are unable to meet the current needs of many people and just help for mere survival of a being. In such situations, the people try to stretch their reach and earn through other means such as Multi-level marketing.

Some of the techniques and methods to sell the products at a faster pace are briefly described as follows:

Understand and then, Satiate– There are sellers that only focus on selling the product, and thus end up being mediocre for a very long time. But, if you wish to get ahead of the others and make your selling record a tough number to compete, then you need to understand the needs of the customers and provide the solutions, accordingly. This will impress the competitors and they will look for other things that might be helpful to you, resulting in increasing your sales.

Do not lose hope– There are days when you won’t be able to satisfy your customers or make at any sales in the work, but, you need not lose hope and determination and instead work towards the loopholes that have been holding you back from reaching you till the highest potential that you deserve. If you will lose hope and stop working, you will create a hindrance between you and the goals and financial ability that you could have achieved with a little change in your approach and systematic working. 

Focus on the positive– The people who are new in the field as Multi-level marketing consultants, they seem to get nervous and thus, do not reach the valuable platform and their highest peak of ability. The main point of hindrance is that all they have is their lacking points and newness in the field. The change of approach is required to open the new gates to opportunities. The salesman needs to focus on the positivity of the work, the company he/she is working with and the long term benefits that comes with the work. This way, all the negative thoughts will be chased off and the person would be able to provide 100% efforts and derive the results out of it. 

These little tips are very helpful for the people involved in this kind of business and they could easily create an environment where success is not a distant goal. The MLM consulting is perfect for the people of great determination and high working capacity. Some major benefits of this work are that it offers an unlimited financial source and comfort of work hours where a person can work any time they wish to. In fact the more number of people involved in the business, the greater your earning capacity gets. So, it’s a business that requires no risk, but just dedication and hard work.

Source: https://writeupcafe.com