Tag Archives: Scratch

Is MLM a Real Business?

The short answer…YES!!  There have been many, many people who have become millionaires working an MLM business.

If you aren’t sure what MLM is, read my earlier post here.

The longer answer for those of you who don’t want to just take my word for it ;-)

An MLM business and a traditional “brick & mortar” business are very similar and very different.  They are both “real” businesses.  However, one is easier to start and can be worked from wherever you are and the other is harder to start and has to be worked from a physical location.  Obviously MLM is the one where you do not have to be in a physical location to work it.  I know a woman who was homeless and started an MLM business.  She is now a multi millionaire.

Let’s look at this one at a time. 

 

First – Traditional (brick & mortar) business:

  • According to the Small Business Administration, the average cost of starting a new business from scratch is just over $30,000.
  • You (business owner) are basically on your own figuring out your business model unless you start a franchise.   (The average cost of starting a franchise is around $100,000)
  • You need to lease or buy an actual building
  • You will most likely need to hire employees
  • The average owner of a traditional business works at least 60 hours per week
  • Experts estimate that 50 to 80 percent of all new traditional businesses do not make a profit for the first 5 years.
  • A traditional business takes money, time and effort to build

 

Next – MLM business:

  • The average MLM business start up costs are $500 or less
  • You are in business for yourself, but not BY yourself.  There is a whole team of people to help you.
  • You work your business from wherever you live
  • You do not need to hire employees.  You will need to look for business partners.
  • The average MLM business owner works 20 or less hours per week.
  • You can begin making a profit within a month or two with MLM
  • An MLM business takes money, time and effort to build.  If you have more time than money, then you can spend that time instead of spending more money.

 

In conclusion…YES…YES…YES…MLM is a real business.

I’ve Been Away for a While

On October 1, 2011, our family finally moved back to our hometown of Cato NY so we could be closer to friends and family. I am so happy that we aren’t stuck out at the end of the Earth in a tiny little house in Fair Haven anymore. Our new home is about twice the size of our old one. If I must be in NY (I would prefer to be in a warmer climate) I prefer to live in Cato. It’s a small town…one of the ones where you blink, you miss it…and I love living where I know almost everyone and almost everyone knows me. I go to the store and meet up with at least 5 or 6 people I haven’t seen in a while and am happy to catch up with.

Anyway…We are pretty much settled in and I’m back up and running as a full time work at home mom.

Many of you know that I am a business coach. I help technologically challenged entrepreneurs and small businesses market online using social spaces. I’ve been helping people create an income from home for around 12 years now.

Among others, I teach a course called “Cash in on Your Passion” where I help people figure out what their passion is and how to make money doing what they love. That course is one of my best sellers. Many people who go through the course decide that they either don’t want to build a business from scratch or they just want something where they can basically “paint by numbers” and build a business. For these people, I had nothing to offer them.

That has changed!! I am beginning a new business where I can help people have their own business and all they have to do is “paint by numbers”. Follow the steps, in sequence, and they will be successful. Now…don’t get me wrong…this is NOT something where you can sign up, do nothing and make money. Notice I said “follow the steps, in sequence”. This means there is going to be work that you have to do in order to find success. Honestly, anything that is worth investing time, effort and money into is going to take work. Not one person has ever had a successful business magically appear with their name on the checks. There are unscrupulous people out there that will try to convince you if you give them your hard earned money, you can sit back and do nothing and get paid. If you live in fantasy land, that may work. 😉

I will be updating my blog and letting you know when I am ready to begin accepting business partners to “paint by numbers” with me. In the meantime, if you just can’t wait for the announcement, fill out the form HERE to be put on the Priority Notification List and you will be in the first group to get information about this new business venture.

Stay tuned!! I will be posting updates on a regular basis now that I’m settled in and actually have an office to work in. 🙂