Blog The Hidden Trap In MLM and 5 Things to Avoid It
IT’S A TRAP YOU CAN AVOID
Success in MLM can sound like a fairy tale and, sadly, even for great earners, it is.
I’m not saying we can’t make big money, great money in MLM. You can.
Matter of fact anyone can make a very nice income in network marketing. It’s just like any other business.
What do all successful people do?
Identify the money making area or areas then learn the skills in those areas. Network marketing skills, unlike skills in other occupations, are really easy to learn…..and easy to teach.
Everybody knows the big money, the time leverage bulls-eye is obtained by teaching people what works and how to do it.
Do that and you’ll be successful, right?
Earning money is a part of succeeding……and that’s the ‘trap.’
It’s not about what you are making folks, it’s about what you keep.
More than any other business I know of……because of the nature of conference calls, company magazines, events and leaders carrying the message of the BIG MONEY….the trap gets set……and most of us walk right in.
Here’s what I mean…
5 THINGS YOU CAN DO RIGHT NOW
Here’s what happens once the ‘trap’ is set ……and again, I’m not saying it’s intentional …..I don’t believe companies or leaders are ‘setting’ a trap.
They just keep selling lifestyle….and we want it…….maybe, to be a ‘part’ of the deal, to feel like we ‘ft in’……we, unconsciously ‘buy-in’ ……no pun intended. 🙂
The new car we really needed…..we buy a higher priced model than we should…..the clothes….the dinners……the trips…..we do some of them, or all of them…..believing, once we start making some nice extra money that it, our commission check, is going to continue to grow bigger and bigger. Ut-Oh.
Don’t walk into the trap……rewards? Yes….but…..all those ‘trinkets’ will always be there.
I know people making $10,000 who are rich…..and $20,000 a month earners who are broke.
FACT: I know more people BROKE at another level in MLM than who have actually changed their lives……more people who are earning more than 10,000 a month and under more stress than ever than ones making 10K+ who are loving life….
The difference between being broke at another level and loving the new freedom 10K, 20K or more can bring?
5 little things.
are tight for money. Repeat this out loud. ” It was not someone else’s fault“. Book after book after book proves that more money does not make any difference in people’s lives who are broke. It’s not until we examine the real reason we are broke….usually buying on credit……more ‘stuff’ …..sure, you can say you had to buy the tires for you car on credit but we leave out that we also spent $300 on dinners last month and went to see the Red Sox [entertainment] and blew another $400 bucks. When we start making more dough……we keep doing those things….Divorce your ego. I was tapped because of my behavior with money and while it was tough to look at it, it was clear I was the problem.
NOTHING that establishes a success mentality and drives success more than planning ahead what you’ll do with the profit. Figure out how long, by accelerating the pay down of credit card debt, car loans, etc…..it will take to pay it all off. Focus on the date. It is an expression of faith and we all know, faith moves mountains. When the checks go up, you’ll find it easier and easier to stay with the original percentages you set up. The effect on your subconscious is bigger than you can think. I like 3 thirds…..taxes, paying down debt* and savings. It’s up to you but any plan at all will crush the temptation to buy into the MLM lifestyle. [*paying down debt means using the one-third of your month checks goes to CC debt IN ADDITION to what you are already paying. Pay down 1 card at a time…..minimums on all but 1 card, all the extra on one card. Once it’s paid, take the extra money you were paying on 1 card, plus the normal payment on that card and add it all to the payment on the second card or car loan. You’re making better than 18% on your money. Excellent!]
much less if you know and take advantage of the Congressional approved tax benefits. Sorry to tell you this….but if your not doing this you will be broke at another level. How can I be so sure? Successful people do it, unsuccessful people do not. I like Ron Mueller’s stuff and this will help you learn a bit more if you don’t know what I am talking about. Clearly, it’s what you keep that matters and this will help you keep a LOT MORE.
Keep growing……..and keep the money…….don’t buy into the ‘rock star’ lifestyle until you’re a rock star. If you’ll follow those 5 points……the business will stay fun, keep growing and pay massive dividends down the road.
I can tell you this about temptation…..temptation is really, really, really good at it’s job……get loyal to the reasons you joined and tell the shiny things temptation comes at you with to ‘stick it.’
Stay away from this trap and you’ll not just get other people great checks, you’ll really help them…..keep more.
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