8 Top Myths of the Masters:
How to Separate Today’s Wisdom from Yesterday’s Success Stories
Dr. Eileen Silva © 2006
email:ensilva@aol.com
web:
http://www.easilymakingmoney.comHere I go again . . . running the risk of stepping on some of the industry’s well-known success stories, but honesty compels me to set the record straight as book after book, tape set after tape set, and article after article drift by --- most offering shades of the same topic: “How to be successful in MLM.”
As a service to those of you who hope to glean some useful advice on how to REALLY make money in MLM today, I am going to “tell it to you like it is” one more time with an exposure of the top 8 myths floating around our industry.
MYTH # 1:
Your sponsor will be able to teach you everything.
FACT:
In reality, many of the sponsors in MLM can’t do the business building system effectively themselves, let alone teach it. Being good at something and being good at teaching something are two different things! If we’re going to be completely honest, can a sponsor effectively teach something that they cannot do themselves, and do you want to learn the business from that sponsor?
MYTH #2:
You must get good at “at home” meetings by having your sponsor conducting some for you.
FACT:
The days of “the home parties” being the primary way to work the business are basically gone. Forgive me all you Mary Kay’ers and BeautiControl distributors who must have live demos, but mainstream, professional, typical MLM now applies more user-friendly technology and flexible techniques rather than the cumbersome, labor intensive, one on-one, in-person approach.
In my business, I have people from ages 19 to 84 plugging right in to phone system technology from the comfort of their swimming pools, cars, and living rooms. We teach people to sift through dozens of leads and then simply plug the interested ones in for an orientation to the business.
MYTH #3:
Your sponsor is the source of your distribution approaches.
FACT:
Many sponsors are clueless. Get your reliable information from certified trainers and/or company operated systems, unless your sponsor is fabulous and is already making over $10,000 a month consistently.
MYTH #4:
You need to go wide fast.
FACT:
Depth builds stability. What you really need to do is analyze your compensation plan. If you go wide immediately in some plan without any depth, your sponsor might capture much of your money.
MYTH #5:
Always sponsor under the first person who asks you.
FACT:
Your sponsor is your lifeline to success. This is America, land of the free, and you have a right to choose the best person with whom you have good rapport and can mentor with, not the first, but possibly unethical or incompatible, person who might pounce on you for sponsorship. I believe that choosing a sponsor is like choosing a marriage partner. It has everything to do with how rapidly you can learn the ropes.
When you sponsor under a six-figure earner instead of an MLM junkie, doesn’t it make sense that your chances for success are enhanced? When the junkie moves on in a month or two, he or she will probably raid your downline for the next deal. THAT’S almost a guarantee!
MYTH # 6:
You should sponsor locally, and then break out when you’re making more money.
FACT:
Using cheap long distance, email, websites, fax-on-demands, etc. makes distance MLM work as easily and cost effectively as local work in many cases. One of my new top money earners has always lived in a tiny town. She’d be nowhere if she had fallen for myth #6.
MYTH #7:
Work harder to be more successful.
FACT:
Work smarter to be more successful. I’ve made a lot more money in the last few years than I did before when I routinely stayed up every night until 2:00 am or later “working the business.” I now leverage other people’s time and energy to create massive action instead of having it all revolve around me. This myth was one of my greatest pitfalls.
MYTH #8:
There is only one proven system to MLM success.
FACT:
There are many ways to become wealthy today in MLM. I have a 21-year-old in my organization who has learned how to consistently make over $20,000 a month without doing a single home meeting, but rather by becoming a telephone expert. He does his entire business over the phone. So, by ALL means, be open to new possibilities!
The reason why I felt such a sense of urgency to uncover and expose these myths is . . . I am tired of all the failures out there, and I am extremely aware that the “icons” in the industry have sometimes been afforded more credibility than any recent field distributor success could justify.
I would go so far as to say this: If your “icon” has not experienced significant field growth that he or she engineered in the past 3 years or less, then you would do best by taking his or her advice with a huge grain of salt. Anyone who says that the internet, phone technology, etc. really hasn’t changed our business much is just plain out of touch.
I would like you to make money --- BIG money in MLM. You can best do that by dispelling and exposing the myths, while learning the truth and staying current on what is working in today’s rapidly changing marketplace