The Truth About Making Money in MLM

By Wade Schings

Ok, You've heard it all, You've been fooled, and You've been through the hype...So, What does it really take to make money in MLM? Answer: 90% of your success is determined by choosing the Right Company.

Think about it... Even if you were the best race car driver in the world, would it make any difference if you entered the Daytona 500 with a Ford Focus?

Here's some other things to consider:

If Bill Gates called you and said, "I'm starting a new computer company and I'd like to partner with you," would you be in?

If we were to invest time or money into Microsoft today, it wouldn't be near as life changing as if you would have been it in 1975. I read sometime ago on the front cover of Time Magazine, the article about Warren Buffet, the Celebrity Billionaire Investor. They were saying that if you would have invested $1000 with Warren in 1969, that today it would be worth well over 20 Million Dollars.

So what's the point? The point here is TIMING. We've all heard the saying, "Timing is everything." But, Does that apply in Network Marketing? Whether you are a seasoned Networker, or a just getting you feet wet, the question you should ask yourself is: "WHEN did the Number One Income Earners in my company get started?" (If you are one of those Income Earners, well, you know where I am going with this.) Do your homework, and you'll see that 98% of them got started "ground floor." Most of you who are with an old company need to consider this very carefully, as it is "hands down" one of the strongest contributors to your success in MLM.

Of course, Timing is only one of the 5 Pillars that support a dynamic MLM opportunity.

But timing is the center pillar.
The other 4 are:

1) Company Management
2) Product
3) Comp Plan
4) Marketing System

Just Briefly...

The Company Management must be experienced in both corporate and field leadership with a strong track record of success. The Company must be lead by someone with strong financial resources. People like Bill Farley, Donald Trump and Bill Gates have tremendous track records and also possess the financial means to pioneer billion dollar brands.

The Product is the backbone of any successful company. The product must be unique.
Consumers should not be able to get it from any other company. The product should be validated by science not hype. It is helpful, however very uncommon to have an endorsement from a world-renowned expert or institution. The product must be consumable therefore allowing you to develop a residual income.

The Compensation plan must satisfy the newby as well as the seasoned professional. A balanced plan that pays generously on both the initial sale as well as the long-term residual commission. Statistically, 95% of the network marketers who drop out in the first 90 days do so because the didn't make enough money. Recently some hybrid comp plans have solved this by paying a "Fast Start" bonus out for 3 consecutive months.

The Marketing System should be automated and affordable. Very few marketing systems today are effective, user friendly and Affordable at the same time. Remember, people join MLM to make money, not spend it, especially on marketing systems that you'd have to be a genius to master. Now remember in the beginning I said that the Right Company was 90% of your success. The other 10% is you. Now don't worry you don't have to be an expert.

Because I guarantee, that if you were given a Ferrari F355 sports car... In a race against the worlds best race car driver (who was driving a Ford Focus) You KNOW you'd when.
See a Company that meets the above criteria at http://www.SchingsGroup.com

Perfect Wealth Formula – G.I.C. vs. MLM

By Regis Ross

Today, many of us want to gain financial freedom by starting a home based business. If someone wants to achieve this through MLM, they may be wasting their time by working with a system that is very hard to duplicate. If you have had this experience, you know how frustrating MLM can be.

When you decide to start a home based business, the bottom line is you want to stay at home and make an income to have a better quality of life. If you join an MLM business, you may be working the same amount of time or more for an unsatisfactory income just as you were with your regular job. Like many of us, you want to make a substantial income rather than just having enough to get by each month. You want this kind of income to continue month after month and year after year.

The following are the usual challenges one faces when working with MLM:

• You need thousands of members to make a significant income
• There are large drop out rates
• Small Commission Checks
• MLM is hard to duplicate

Now there is a new concept that has had positive results and has helped many people generate a large income. This concept is called G.I.C. which stands for Generate Immediate Cash. G.I.C. is not a company or an opportunity. It is the solution to a long time problem of small paychecks and shrinking downlines. When you join a company that is a G.I.C. concept you can generate thousands of dollars immediately.

In a traditional MLM, if you were to build an organization that made you $4000 a month, you would have to build a downline of hundreds or thousands taking at least a year to get that kind of commission. With a G.I.C., you can do this with a few people and get immediate results. Also with MLM, you start making small commissions if any and you have to wait to be paid.

In a G.I.C., the immediate flow of income generated makes the dream of working from home a reality. This type of business concept is becoming more popular because of the high incomes that can be made. Most of these G.I.C. models are used in a 2 up plan. The product or service that is marketed is sold at a higher price roughly around $1,500 - $3,000, and then you are immediately paid a higher commission of around $1,000.

The main concern network marketers have with the 2 up G.I.C. is the disadvantage of not having a residual income. In 2 up programs, you can’t leverage your people to become your money making affiliates. When you bring in someone who makes a sale or 2 a day, you only get their first two sales and not any more. You lose money on all their future sales and they now are your # 1 competitor.

One G.I.C. company I strongly recommend is Perfect Wealth Formula. Out of all the programs I have joined, Perfect Wealth Formula is the best online business around. The payout structure allows members to earn immediate cash flow and leverage yourself while building a residual income. There are no more downlines, plus members will always earn bonus overrides from their second level affiliates.

When you join for $1,697 at the Silver Level with Perfect Wealth Formula, members can immediately earn $400 and $1,000 on every direct sale, plus $100 and $200 immediately in bonus overrides from the second tier. You will also get the Bronze Level Marketing System free. When you join for $697 at the Bronze Level, members can immediately earn $400 on every direct sale, plus immediately get $100 in bonus overrides from the second tier. As you can see, this is a better commission structure than 2 ups and MLM programs.

Home businesses are more popular today than ever before and Perfect Wealth Formula is the place to be whether you're new to internet marketing or an internet marketing expert. The days of building a downline are over and the competitors are beginning to feel the effect. With the arrival of this revolutionary new marketing system, MLM companies are at a serious disadvantage. If you want to make a substantial income from home, then G.I.C. is the way to go.
To read more about Perfect Wealth Formula and see how you can profit with this G.I.C. concept go to www.strongprosperity.com