How Much Math Do You Need To Be A Lawyer How To Make Money In MLM – Do The Math

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How To Make Money In MLM – Do The Math

MLM, or network marketing, remains one of the best business opportunities available, without a doubt. Someone with very little money and education can generate a 6 or even +7 figure income, if they know what they are doing. Unfortunately, most are clueless and buy into the hype of making millions quickly by simply recruiting 3 who find 3. These numbers just don’t work that way.

So let’s make sure we’re on the same page together.

I’ll start with the bad news.

Statistically, you have a 99% chance of not making money with MLM and network marketing. Less than 2% ever make more than an average of $110 a year, while paying off thousands of dollars in credit card debt on product samples, brochures, CDs, DVDs, company websites, conference trips, etc.

Only the top 1% ever earn enough to quit their jobs and survive. And while everyone gets excited about how they’ll earn 7- and 8-figure incomes, only the top 0.8% will ever reach those levels (yes, that’s eight percent).

MLM companies are required by law to disclose this information to you now, but these numbers don’t change much from one MLM company to another.

Despite these odds, making 6 figures your first year is actually very realistic.

While there are many components to successfully marketing your business, you must first step back and look at the simple math of building a downline that will create the level of income you desire in a realistic time frame to see if It is even doable for you depending on your marketing capabilities.

Let’s say you believe you can beat the odds. After all, everyone knows that statistics can be easily manipulated to prove anything. Also, you won’t allow yourself to fail.

Good for you!

So let’s run the numbers.

Most people would like to retire with at least $1 million in annual income. So we’ll use $1 million to keep things simple and conservative. If you want, say, $2 million, double it all here.

Many MLM companies like to say that you can retire in about 5 years of hard work. I agree…if you know what you’re doing and you’re in the top .8% (it’s point eight).

The math gets a little sticky here because products and services vary greatly from one MLM company to another, as do prices, payment plans, bonuses, etc. However, using a “loose” industry average, each person typically wins closely. $15 to $40 in monthly residual income from each distributor in your downline. You can plug in a number that you think best fits your payment plan.

For our example, we’ll only use $40/month because it’s high-end (to try to make things look good).

So for each distributor in your downline, we’ll say you’ll make an average of $40 a month, every month, forever and ever (although that’s never a reality, but we’re being very optimistic).

To make $1 million a year, you need to have about 2085 distributors in your downline. (Of course, if you want $2 million, go ahead and double it, and so on.)

If you want to retire in 5 years, you need to recruit about 417 new people per year, that’s about 8 new people per week.

You must recruit 1 new person a day, every day (and 2 on Saturdays) for the next 5 years, 365 days a year, no holidays, no breaks, no breaks, nadda.

And that’s assuming 100% of people who join never leave (given that the “real” average bounce rate is around 50%, that’s completely impossible… but remember, we’re being very optimistic. ).

Even if 100% of every person you talked to signed up (which will never happen) and paid in full and ordered every month, forever and ever, and never left…

…is it even possible to recruit 1 new person every day using “warm marketing” techniques to talk to people in person or drag them to your house parties or hotel meetings?

Also, realistically, you’ll probably have to talk to at least 10 people to get 1 person to say yes and sign up…every day for the next 5 years.

Not to mention, since the average churn rate is around 50%, for every 1 that quits, you’ll need to hire 2.

So you need to pitch to at least 20 new people…EVERY DAY…for the next 5 years to barely hit your minimum annual income goal of a million dollars.

Is that even possible? In 10 years? 20…?

Even on the “super optimistic” high end?

Now, you’re probably bright enough to think, “But wait a minute, Mike. What about my downline recruiting? Won’t I run into some superstars with those numbers?

Nice thought, and, yes, you might be lucky enough to find a real superstar. However, statistically, there is only one in every 1250 people. So you will need to recruit 1250 people before you are lucky enough to find your superstar.

“Hope” and “power” and “luck” are not correct ways to build a business model and base the rest of your financial life (and retirement).

You need to make sure that the business model you are working with is something you can do and take advantage of a qualified mentor or coach who can teach you how to put the numbers in your favor.

Doing the math when joining an MLM company will help you get a clearer perspective on how many people you need to bring on board to reach your goal. You can then set your sights on a game plan to achieve that goal in a realistic time frame.

Most never do, and probably no one in your MLM company has ever explained it to you before.

However, many people are making great income from this business model. If you are not, you need to find someone in this industry who can train you to put those numbers in your favor.

Here’s your success…in numbers.

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