FAQ ON MULTILEVEL MARKETING IN NIGERIA

FREQUENTLY ASKED QUESTIONS ABOUT MLM


Q.  ISN'T MLM ONE OF THOSE PYRAMID SCHEMES?

A.  Definitely Not!  Though MLM and pyramid schemes may seem to share some similarities, there's a BIG difference which makes MLM legal and pyramiding ILLEGAL.

In pyramid schemes, income is generated solely on the process of recruiting others into the pyramid. Sometimes a product or service of questionable value is involved, but you are most often buying into the right to recruit others and collect money.

This is illegal!  Also, in pyramid schemes, those who get in first and are at the top win, while everyone else loses.

In a legitimate MLM company, representatives are paid only on the movement of products or selling of services, not merely recruiting.

Sometimes, there's also compensation based on the training and managing of your marketing team.

Also, in an MLM company, no matter where you are positioned or when you joined, you can advance to the very highest income levels, and pass those who sponsor you.

Q.  DO I HAVE TO KNOW AND SPONSOR A LOT OF PEOPLE TO BE SUCCESSFUL?

A.  No, if you sponsor just a few people  every month , you can be very successful in MLM, and build up a great residual income. But the more people you sponsor ,the bigger your income.
These people don't have to come from people you already know. Think about how many people you bump into everyday in your normal day to day activities!

TRY THIS: sit down with a sheet of paper and a pen and write down the names of EVERYONE you know, have known, have done business with, etc. You will be amazed by how many people you come up with.

Will all of these people join you in your MLM business?
Probably not, but statistics show that one out of every one hundred names will make your car payment, one will make your house payment and one will retire you!

So, three out of every one hundred isn't too bad!  Also, keep in mind that the people on your list also know others, and will quite often refer you to others who might be interested in joining you in your endeavor!

Q.  HOW MUCH MONEY CAN I MAKE ?

A.  As in anything in life, you get out of what you put into it.  IT WORKS IF YOU WORK. But, the benefit is that YOU are in control - it's up to you how far you take it and how much you make.

And, keep in mind, the income that you make is largely residual. This means that for the work you do today, one time, you have the potential to earn money for today and years to come.

Q.  I DONT LIKE SELLING, SO PROBABLY THIS IS NOT FOR ME.

A.  It is said that "life is sales!"  Actually, studies have shown that people with no sales experience often do the best in MLM.
This is because our business isn't about selling.  At least in the traditional way people think of selling.  We don't engage in high pressure techniques in MLM.

We simply share the concepts, products and services of our company, just like you would tell someone about a great restaurant, good movie or quality physician, and let others decide if it's the right thing for them.

Q.  I'VE TRIED MLM BEFORE AND IT DIDNT WORK FOR ME.

A.  If you went to eat at a new restaurant and the food and service was terrible, would you swear off eating in restaurants for the rest of your life? Of course not!

MLM is no different.  There are great companies and some not so great.  But MLM definitely works.  It's just a matter of linking up with the right company, and the right sponsor.  This is a business, and you must treat it like a business!

Q.  WHY DO I HAVE TO PAY TO GET INVOLVED? ISN'T THAT LIKE PAYING FOR A JOB?

A.  When you start with an MLM company, you are starting your own business, much like a franchise.

When you open a McDonald's, you buy the right to use the name and sell the products. In addition, you pay a percentage of your profits to the corporation every month.

With MLM, you are paying for the right to sell the products or services, use the name, receive raining and represent the company. Just like the term "you get what you pay for", MLM is the same way.

Paying for your start up materials eliminates the company from bearing the overhead of signing up
people who aren't really serious about working the business. This just ensures a better pay structure
for the serious business builders!  And, it's tax deductible!

Q.  WHAT ABOUT SATURATION? SHOULDN'T I GO WITH A "GROUND FLOOR" COMPANY?

A.  This is one of my favourite questions!  Remember, in Network Marketing, just like ANY traditional business, ground floor means "start-up", which means 85 to 90 percent chance of failure within the first eighteen months.

Saturation in this business is a myth!
How many millions of people turn 18 each year?

How many people look for a new career each year?

How many people do you actually KNOW who are currently building an MLM business?

Hearing about something and actually involving oneself in it are two different things. You will meet people on a daily basis who have never heard of us!

Timing is the real key to why saturation is a myth.
Thousands of young adults consider starting their own business and thousands more experience a major shift in their lives because of life changes at work, at home, etc.

These same people, months before, would have never considered working from home, or starting an MLM business. Now, they are open to the possibilities!

Q.  WHAT TYPE OF SUPPORT WILL I GET FROM MY SPONSOR OR UPLINE?

A.  Another great question, and one that you should pay close attention to!
When you join an MLM business, you are starting a business that has the potential to yield millions
(yes, I said millions) of dollars to you. You MUST treat this as a business decision.

Make sure you find a sponsor or upline that has experience in the industry, has built a successful business, has a proven track record and can get you started on the right foot and will work with you FOREVER, if necessary to ensure your success.

We hope we have provided you with some insightful answers to the more commonly asked questions about our industry!

THE TIME IS HERE. THE OPPORTUNITY IS REAL. LONGRICH IS BECKONING...

WILL YOU SEIZE IT??