Frequently Asked Question (FAQ) in MLM
1.What is MLM?
MLM is simply a distribution model. That’s it. Instead of products being sold to wholesalers, the manufacturer has an independent sales force to sell the products via word of mouth. Instead of spending money on advertising, the company rewards the distributors with commissions for selling the products.
2.What is MLM Gateway?
MLM Gateway connects those who are involved in network marketing, providing home-based business leads. By contacting other members and presenting them the home based business they work in, MLM Gateway users create effective lead generation. This results in a rapidly growing network of business leaders in the network marketing program structure. Since MLM Gateway members already have experience with network marketing, it’s far easier to establish a partnership with them. We encourage you to recommend this website to your downline, so they also recruit new leaders. You then accelerate your network marketing business even faster!
3.How Do You Make Money in MLM?
You can earn commissions and retail profits from your personal sales. And you earn overrides and commissions from your team’s sales. In essence, you are an independent contractor working as a salesperson for the MLM Company. Each compensation plan is different , but you normally get paid a certain percentage of your entire organization’s sales.
4.Is MLM Legal?
Yes, network marketing is legal in the United States and many other countries. In 1979 Amway battled the Federal Trade Commission and scored a major victory for the network marketing industry. To be legal, distributors must focus on selling products and not get paid for the mere act of “recruiting” people.
5.Which is the Best Company to Join?
That depends. I always tell folks to find a company with products and services they are passionate about and offer a good deal to the retail customer. If the items are priced fairly for customers, you might be on to something. Also, you want to work with an established company, with a good reputation, a fair compensation plan and good company leadership. There are many good mlm companies in our industry to choose from.
6.What kind of support is offered from your side?
You will get full support if you join my team below, motivation support, contact support, lead support and much more. We also offer bonuses our team members and leaders as well. But, members will get support if they are doing work on a higher level or bringing many joinings.
7.Will I get the training & support I need?
Absolutely. FLP has a well-established training & support infrastructure in place around the country – you can simply plug into it. Network Marketing is also a team effort, it is a classic win-win situation. If we help you become successful and make money, then we benefit too.
8.How long has MLM Been Around?
This is a debatable topic. Some folks say Amway was the first MLM Company (started in 1959). Nutrilite was also a MLM Company and was about 10 years older than Amway. Plus, Watkins is more than 100 years old and they had a very similar business model to MLM, where distributors could recruit other distributors. So for simplicity purposes we will say the industry is 60 to 100 years old.
9.What Can I Do to Be Successful in MLM?
To succeed in MLM, you need to pick one company that you really love and stick with it for five to ten or more years. You will never be successful if you just try something out and give up in 90 days. You can’t switch companies every three to twelve months and expect to be successful. It also helps if you develop a written business and marketing plan to build your business every day, and focus on improving your skill-set and mind-set. Whether you are building your business part-time or full-time, you need to make it a high priority. You can’t wish your way to success. The bottom line is you should treat your MLM Business like you have Two Million Dollars invested in it. Do that, and I assure you will succeed.
10.Do I have to know lots of people?
No. Although it’s surprising just how many people we all do know without realizing it. You only need a few good people who are serious about changing their lives and who have a real desire to make it happen. Unlike a traditional job, everyone is a potential candidate for your business. It may appeal to people who are excluded from traditional employment, such as retired people whose pensions are inadequate, mothers at home with children, people with no qualifications etc., as long as they have a strong desire to create additional income and improve their financial prospects and their health.
11.How do I make money in Network Marketing?
Network marketing, also known as “word of mouth” marketing, is exactly what it sounds like: spreading the word about a product of service that you love through networking with people.
It’s important to use and love your network marketing products or services so that you can be sincere in recommending them to a variety of people.
You make money in MLM by the volume of product that you move. You will make ten times the money if you have a 100 customers than you would if you only had 10 customers.
You earn more money by getting distributors on your team rather than customers, but customers are an important aspect in building a solid organization as well. You will invariably have more customers than distributors on your team, which is common.
12.What’s the difference between MLM, Network Marketing, and Direct Selling?
These terms all mean the same thing. MLM stands for “Multi-Level Marketing.”
Direct Selling means product goes directly from the distributor to the customer or another distributor without the middleman.
That’s why distributors can earn great money.
There’s not a lot of overhead in network marketing, that’s why many companies are switching to this type of business model. There’s thousands of network marketing companies in the world due to this efficiency.
13.How do I get paid?
Depending on your company, most network marketing companies pay through Direct Deposit into your bank account, or they offer a company-provided debit card which will be sent to you upon your request.
14.When do I get paid?
Most network marketing companies pay weekly, bi-weekly and also monthly for the residual income component. You only get paid if you have earned it through sales or bonuses.
15.How do I promote my business?
There’s many ways you can promote your business, either online or offline. The bottomline is getting your opportunity link or video seen by as many people as possible.
It’s wise to experiment with various platforms to see what works and stick to one or two methods that work and master them.
You might be great on camera, so you should do videos. You might be a great writer, so you should do blogging.
We will also help you in promoting through our website.
In summary, these are the most frequently asked questions about the MLM Industry. I hope you found the information helpful. As with anything in life, individual results will always vary. You can increase your chances of success by finding a mentor, getting started, learning from your mistakes, and following through with what you start until you succeed.