Is Your MLM Home Based Business Really Your Own?
Business → Marketing & Advertising
- Author Ilka Flood
- Published January 1, 2011
- Word count 576
Think the MLM Home Based Business you are building is really yours? Think again?
Imagine this scenario…
You have been building your MLM Home Based Business for the past 10+ years and all of a sudden the company decides to make some radical changes one of which is changing the compensation plan. You are trying to keep your downline but you can't prevent people from leaving.The bottom is falling out of what you have been building for years. To top it all off, the company doesn’t like your dissatisfaction, sees you as a risk and decides to put a hold on your commission check. Or even worse decides to get rid of you.
Think it couldn’t happen to you? Think again!
Different scenario…
Very excited you joined a new startup company. It’s just what you were looking for. You put a lot of time and effort in building your team. You’ve got everyone else excited to follow your example and then from one day to the next the company decides to no longer use the network marketing business model. You've reached the end of the road.
News Flash …
You may have been told that you are your own boss building your own business, but if it’s a MLM Home Based Business it couldn’t be further from the truth.
Your business belongs to the company you are associated with and you can lose it at any time for any reason!
You are an independent representative!
Nothing more. Your MLM Home Based Business is not really your own. And if you don’t play by the rules the company spelled out for you ….and may amend at its own sole discretion at any time… it’s "Game Over".
Worried yet? You should be!
So how do you protect yourself?
Well, you start by reading your company’s Terms of Service, sometimes also called Policies and Procedures or Distributor Agreement. Go through it very thoroughly and if there’s anything in it you don’t agree with, don’t sign it.
Understand that you are an independent representative of the company which will pay you commissions for marketing their products or services as long as you are in good standing with and comply with their rules.
Although you are your own boss you don’t own the MLM Home Based Business you are promoting.
Brand yourself not your company.
Build yourself up as an expert. Grow your strengths. Acquire new abilities become more marketable. Make a name for yourself in the industry. Network with leaders, shadow them and learn from them.
It’s these skills that once learned you will have forever and which you can take from company to company and build on. So brand yourself not the company you represent.
Invest your income.
Many leaders in the industry invest their income from their MLM Home Based Business in other markets, like the real estate market for example. Investing your commissions is a very wise decision should something go wrong with your company. Tip: Always consult a trusted advisor to help you make good investment decisions.
Yes, you are building a MLM Home Based Business, but the company you represent owns it. They provide you with the product or service, they ship it, they have the overhead, etc. and they pay your commissions. You only do the marketing part.
So, don’t be left in the cold if something should go wrong.
To learn more about how you can have dramatic results in your MLM Home Based Business it's essential to start at the basics. Visit the following link to find out how top industry leaders generate an on-going stream of FREE MLM Leads for their business.
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