subject: How To Build A Solid MLM Business [print this page] How To Build A Solid MLM Business How To Build A Solid MLM Business
Multi level marketing is the foundation for entrepreneurs to build a solid home based business for very little money, with the possibility of massive returns in a very short time if the business is built correctly. It is not just a case of getting out there and knocking on doors trying to create a massive customer base and hassling your friends and family. It is about building a solid team that is going to generate income for you over and over again and also continue to build your team.
The majority of MLM businesses will tell you that success is spending 80% of your time building a customer base and 20% of your time recruiting distributors to build your team. It is in fact the other way round and you should spend 80% of your time recruiting distributors. It is the distributors that are going to grow your business more rapidly and the majority of them will inevitably become customers anyway so you are killing two birds with one stone.
It will serve you well not just to stick to the traditional forms of advertising but to dabble in a wide range of spectrums that are available. Using the internet as a medium to search for people that are interested in home based businesses and ideas gives you a much higher chance of finding like minded people than just asking random people that you meet on the street. There are lots of ways to advertise on the internet for free by writing articles like this one, making short videos and posting in forums.
To build a solid MLM business it is imperative that you know the payment structure, it is often over looked that collecting customers and distributors for yourself is not always the best way to optimise your commissions. An example of this might be that the payment plan offers a higher commission percentage when a member of your team recruits a distributor. It therefore would be in your best interest to place a distributor that you have recruited below that person in your team instead of keeping them to yourself. It can literally cost you thousands by placing people in the wrong place on your team.
Make sure that the MLM business that you choose offers good training for you and your distributors you do not want to be spending all your time trying to train your distributors it is in the company's interest to do this for you and it should be at no cost to yourself.
