By Michael Massie
Signing up with a brand new MLM company can be an alluring option for both brand new and veteran network marketers. We've all heard amazing stories of people who "got in early" with well-known and established companies. Those stories inevitably start with, "And they got in at the beginning..." and end with, "...and now they're mega-millionares."
Without doubt, the stories of network marketing stand-outs who got into Direct selling organizations like NuSkin, Amway, Herbalife, and Shaklee in the beginning and who are now multi-millionaires encourage and motivate those just starting in the industry. However is getting in with a start-up all it's cracked up to be?
The Statistics Are Not In Your Favor With New MLM Companies
Let's examine at the industry figures, shall we? Many multi level marketing specialists estimate that 9 out of 10 new multi level marketing companies go bankrupt within the first two years. As authority and long-time industry trainer Rod Nichols states in his book, Successful Network Marketing for the 21st Century:
"This means that if you choose a company that is under two years old, you only have a ten percent chance of success."
When you evaluate the possibility of joining a new MLM company from that perspective, it unquestionably makes it much less alluring, doesn't it? But, there are also other disadvantages involved with joining new companies. Let's consider a few to find out if joining a brand new company is really worth the dangers.
Pre-Launch MLM Companies Frequently End Up With Giant Troubles
One more seemingly appealing path to riches in network marketing is to join a company that is in pre-launch. "Pre-launch" is when a new company lets prospective reps pay to join before they are even selling their products or services. As Mr. Nichols says in his book, they do this to acquire money for their formal launch.
The difficulty with this is it brings to light the reality that the company is under-capitalized to begin with. And, chances are that they will run out of cash flow at the most inopportune times; for example, when they are going through their initial substantial growth spurt and have to pay out substantial commission checks to distributors.
Peculiar Things Happen to Downlines in Pre-Launch...
Furthermore, strange things can occur with downlines during pre-launch. I have an associate who got in during pre-launch with a certain new company that shall remain nameless. She put forth a tremendous effort to build up a downline prior to launch, despite the fact that all her sign-ups were only on paper.
As it turns out, she hooked a "big fish" by attracting a substantially successful and experienced network marketer into her downline. This individual had a track record of growing large downlines, so my acquaintance was sure she would be set when the company launched.
Sadly, in order to make the opportunity more appealing to Mr. Big Fish, her upline leader decided to place him quite a few levels over my friend in the organization. To say the least, my colleague was devastated, and switched over to another new MLM which has since gone out of business. And to my knowledge, she has almost certainly left the industry, possibly for good.
So Is It Worth The Risk?
Is it really worth it to join a new MLM company? For me, the response is a certain "no". My advice is to examine any new multi level marketing company methodically before joining. Examine at their management, ask about their financial backing, scrutinize the products, and then weigh the risks carefully. There's no sense playing the new network marketing company lottery, unless you are completely sure you are holding the winning ticket.
Can anyone share some internet marketing tips with a beginner?
I’m new to internet marketing and would like some tips on how to effectively market affiliate links. What its the best way to promote affiliate links? What sites or forums would you use to promote items?
The best way to promote your affiliate links is going to be by creating original content that people want to see and will share with others.
Good Luck!
affiliate marketing???????
hey, im new to this affiliate marketing program, and ive tried to market other products already, although its a lot harder than i thought. if anyway knows anything about affiliate marketing, could you please help me? first of all, do you NEED a website? because i dont have one yet, and it seems a lot of programs require one. what products are good to sell? ive been trying to stick to the medicine-based products such as natural cures etc.. but what about clothing websites? or some other product that doesnt come off as a scam and people will actually want to buy?? also, how successful is affiliate marketing? any tips to get better results? please, if there is anything you know about this category, let me know too!! thank you in advance!
online affiliate marketing?
I’m planning on conducting on-line affiliate marketing soon. i got my homepage ready, now up to finding a hosting and domain name. If any of you are doing on-line affiliate business and has found it to be working effectively, I’d like to hear your story. I kinda need some encouragement here coz I;m new to this kinda stuff. Have you made good money out of it? How long have you been doing it? Some tips for success appreciated! Pls let me know, thanks!
Where are the best places to look for online affiliate marketers?
Currently working for a company in Birmingham developing their sales strategy.
I’m considering routes to market for a fantastic software product that’s got some great clients already, but needs to find a larger-scale way of finding new customers.
It’s a software-as-a-service product which I think could work well for affiliate online marketing. But I’ve never used this approach myself before, does anyone have any tips for appointing affiliate marketers, any directories they can recommend, people they’ve used successfully before etc.?
As an affiliate manager I can tell you that there are many ways to find affiliates.
First of all you must target your research to affiliates that deal with the products you are trying to promote.
Once you have targeted your niche you can do:
1. Web intelligence: You can use several tools as whois.com or aboutus.com to find the owner of the affiliate site
2. Massive Recruitment: You can go to different forums and promote your affiliate program. (READ the rules of each forums they might ban you if you don’t follow them)
To recruit affiliates you need to have an organized system that will track, aid’s, orders, click’s and all the stats that you will need to clarify the affiliates status.
If your company has an online store they surely have a tracking system, you should ask.
Good Luck
how do I make money with affiliated marketing?
I am new tto affiliated marketing I signed up with a company called typistjobs.net and with clickbank but I have no idea where to start. The free websites that typistjobs.net gives me I never heard of and there are so many of them. I want to make money with affiliated markketing but have no idea where the best place is to post? what to post? how to make the ad interesting? how many places to post and where? Can someone with experience give a beginner so tips? and is there really money in affiliated marketing?
Please no scams!
and if there is another business I could start online that makes good money please give me ideas
Again NO SCAMS! Thanks