Mlm companies are a lot like the stock market – you stand to make a lot more money if you select a few really strong ones to invest in, rather than throwing all of your chips in one corner.
Just as a stock broker would urge you to diversify your portfolio, the MLM pros all suggest that owning and running more than one network marketing company benefits each company and your wallet as the income of all of them.
How do people manage more than one networking company at a time and stay sane?
Market crossover is one way to manage many companies at one time. Select mlms with similar or complementary products to better be able to offer a full range of solutions to your customer's needs.
You don't want to operate two businesses that sell the same things, because that is tantamount to flooding the market, but companies with a wide array of products that your customer demographic would be interested in offer multiple opportunities for sales.
For example, consider pairing a company that sells green household products with a company that sells organic health and wellness items.
Another suggestion is to offer your downline the opportunity to crossover into your various businesses as well. Owning multiple businesses can even allow you to offer special sign up discounts that can sway even the most resistant lead towards signing up with you.
Training time and costs are decreased when you can utilize the same people for multiple business opportunities.
When the going gets rough, the pros know to ask for help.
As your businesses grow and expand, your leadership structure can evolve to meet your increasing needs for co-managers. Select associates to lead your efforts in various businesses.
Also, utilize mlm software to allow your downline associates to be as independent as possible. These tools make owning more than one mlm company much more possible!
Mlm companies are a great investment, and they work best in pairs and groups. Find your niche market companies and see how diversifying your company portfolio can benefit your bottom line.
TESTIMONY
My Dreams are Becoming a Reality
Because I Took Action
It feels like it was just yesterday when I decided to pursue this business. I did my coaching call, and I was asked how much income do I need to be able to do everything that I want without worrying about my finances.
I was ambitious with my answer! (Well, that's what I thought), I answered, €10,000?!?, and she said: "That's small Janeth, €10K is very achievable. In this business, earning 5-digit a month is normal, in fact some do earn 6 figures in just one month". And I was like: Really?!? So you mean my target is nothing?
And yes, coach Sheryl was so right, €10K is achievable. Even €20K, €40K, €60, €80K, €90K, €100K, etc..... THE SKY'S THE LIMIT guys!
My 1 month income is €10,785
My next target is €20K/monthly... Soon
I will never ever get this amount in my previous full-time job and 2 other side hustles. My biggest income doing 3 jobs - no day off - no time for kids - and no time for my husband, was only €2650, and now I got paid with this HUGE amount while staying at home and focusing with my family.
So to all of you who are still thinking if this business is worth pursuing: What more do you want.
Take action, go in the direction of your dreams, and one day, you will thank yourself for taking the courage to do this business.
I am so proud of myself because I didn't listen to naysayers who told me that this business is a $CAM. I didn't give up on my dreams, I didn't listen even to my husband who wanted to stop me from doing this business.
Hi daddy, You will be a job quitter soon! I will never stop until I reach that goal. God is with us.
I know that God led me to this business because He witnessed my past, He saw all the sacrifices and hardships that I did for my family, and because He knows that I am a beautiful person with a huge heart.
God blessed me with this business because this is what I and my family deserve and because He wanted to use me as His instrument to change other people's lives.
Do not listen to negative people who know nothing about the business. This is your life alone, and you know what you want and what you deserve, so take action because your dreams are within your reach.
There is only one thing I am certain of, that I will continue to be a blessing and serve other people because this makes me proud, happy, and content, and because it has always been my dream to help others.
Wishing us all a successful business and a beautiful future.
Janeth
Take Action Now!
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“Disclaimer: This is a result of tremendous dedication, putting in lots of time and effort in their business. Everyone's journey is different. You get a result that matches the amount of time and effort that you spend on your own business.”
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