Should I accept the proposal from a company that approached me for education in obtaining leads?
I have decided to get into a MLM (multi level marketing) with Nerium and I have had little success, so I was approached by a company that educates people on how to create a "leads base website". Has anyone heard of Home Business Academy? Has it worked? The price is high and the webinar makes a lot of sense but, I wonder how effective it is. Thanks for your Ideas.
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Dec 3, 2014
Noelle: You have already been given good advice. The MLM company should, as part of their fee for the "privilege" of your participating, provide you with marketing materials, support and guidance. And, yes, talk to a number of others who have become participants to understand why they have succeeded and others who have failed. Just for your information, the average net revenue for similar businesses is less than $8 per hour. Fast food may look better.
Dec 3, 2014
I agree with Myrtle and Al.
The website link below has compiled a great deal of verified research and well worth a read. Over 400 MLMs studied including audits, lawsuits and pesonal testimonies. The stats at the bottom of the page are just the tip of the iceberg.
http://www.mlm-thetruth.com/research/mlm-statistics/shocking-stats/
There are simply too many stakeholder margins for MLM to be a sustainable business model. The best definition I ever heard is, selling MLMs are like selling seats on a flight that has already left the ground.
Dec 3, 2014
My advice: Stay far away from multilevel marketing. Almost all are snake-oil scams bilking the innocent or unsuspecting out of big bucks in multiple ways -- including these "training" programs for people like you. Ultimately, virtually all the money goes to a couple of owners of the company, not to the middle- or even higher level field people. And their promotional materials are always excellent, by the way, making everything sound so easy, anyone could make millions with virtually no effort one afternoon a week!
Just say no. If you want, go find a legitimate franchise in a business sector you're interested in. But whatever you do, never believe all the company hype -- go talk to real franchisees who have been working their businesses for several YEARS, and see what lessons they've learned.
Dec 3, 2014
I think further investigation is definitely warranted as Myrtle mentions. If this company is asking you to pay in order to learn how to create leads, it sounds more like they're asking you to spend a lot of money for something that may not work. If the company is an accredited educator, then it may make sense to consider it, but if not, then, like me a few years ago, you may find yourself getting burned paying for education that you may be able to find for free or very low cost elsewhere.
Several years ago, I paid a large sum of money to a company that said they could help me build an online presence that would generate residual income through blogging and other posting techniques. I did what I thought was the proper research and still got burned. However, it was a good lesson in the old adage of, "if it sounds to good to be true, it probably is".
Do your research and ask for referrals from both satisfied and unsatisfied clients so that you get a balance picture.
On a side note, one book I read a couple of years ago, call E-Myths Revisited by Michael Gerber, that helped me do a better job of systematizing my business processes so that I can be a better business owner and identify the work that I can delegate and the work which I want or need to control and perform. You can do a web search for the book.
Good luck!
Dec 3, 2014
It is important that you conduct research about this company before taking this step.
Dec 2, 2014
knowledge / guidance is very important to succeed. It is not necessary that it should be Institutionalised. You can pick tips even from those who are in the field. You can work as support and/or junior. Learn their approach, implement in your activity.
Further you should see the viability of the product you sell.. whether it has any market or not.