RunawayLeg.com

This is Elken Magazine for the month of August 2010. This magazine is distributed among Elken distributors/members and It is called Elken Club.

Magazine is one of the ways to keep their distributors / members informed about the latest product, event, achievements, recognitions and so on.

Today, I went to a health talk. I was invited for the talk and this is what we called "Seminar Selling". It was held in a hotel. The venue represent the formality of the occasion. When a meeting or a talk held in a hotel, it's formal. It also depends on the way the presenter or speaker dresses, whether casual or in a tie, long sleeves and coat.

I felt at ease and comfortable the moment I arrived at the receptionist table to register my name before entering the hall, mainly because they are all in casual (T-shirts) and jeans.

One of the purpose of Seminar Selling is to convey the information to everyone at one go, instead of distributors doing a one on one presentation to a prospect.

This Seminar also support its distributors to invite their prospects to listen to the talk. Its either the company employs its marketing people to be the speaker or at times, it is initiated by a group of distributors (leaders) to conduct the seminar.

This kind of seminar will help those who are not only new in the business but those who feels that they are unable to speak very well about the business, to invite their prospect to listen to the speaker to talk on their behalf.

Different people have different levels of understanding in MLM. I have been an MLM distributor and also has been in the MLM Management since 19th July 1975.

The BEST MLM plan will have these  criteria mentioned below:

1. Make sure the company doesn't sell "lots" or "centers"

2.Any commisions earned MUST be paid ON THE SPOT, IN CASH, daily.

3.They must have a small monthly maintenance which is below Rm20.00

4.They have a trial period of 90 days.

5.A REAL TIME, 24 hours. world wide.

6.They must SHOW PROOF  for whatever they tell you.

7. NEVER BELIEVE when they  say the company IS GOING TO….blah..blah..blah…

8. NEVER choose a " Breakaway System"

In short R.O.I.

Where can I invest my money so that I could get a better returns?

Financial Institutions offer a very safe and secured return in a form of Fixed Deposit, which is 2.5% per annum currently.

But many people are diversifying their money into other areas that could give them a higher and faster returns. Its undeniable to avoid seeing more and more people nowadays going for a FAST and BIG return of their investment!

I am talking about Investment in a form of time and money. There are investments which generate its returns in a short time and some takes a longer time to acquire its benefits. And there are some that could never see the returns at all, and some loses more money in their investments.

Fixed Deposit is an investment without any risk, but it gives you a very small return. If one is looking at a higher returns of their investment, they should observe all the risk involved and be willing to participate that risks. As the saying goes "High risk, High returns".

What could we do with our money to make it work for us, instead of leaving them idle under our pillow?

Invest !!!

Take a look at these options, we have Unit Trust. We could also invest in Stocks and Shares. How about trading in Forex? We could survey and seek opinion of which is the suitable MLM business for us. How about starting a conventional business?

What are the chances or is there any guarantee that whatever that you have invested will finally give you the returns you expected ?

Come on, nobody could. I couldn't give you any kind of guarantee that you will be successful in your investment of money and time in MLM business. Or should I say, in any kind of investment ventures.

Gamble!

Is that the most appropriate word to use? Life is a gamble. We live our lives according to what we think is right.

Gamble in a calculated form is recommended rather than Gamble with our eyes closed. Gamble in business investment that gives you higher chances of success is a calculated risk investment. But gamble in a casino is a fifty fifty chance. Its human nature to try their luck in casinos. Perhaps, its greed in all of us. 

Anyway, always remember : never, never, never quit and never stop trying.

I would like to define Network Marketing as simple as possible, by comparing it with a Traditional Business.

This is I think the basic understanding of Network Marketing. A company distributes its products or services. What the traditional company pays for and the Network Marketing company don’t, is advertising. Independent business owner market the products and services for the NM company and in return they are being compensate in a form of bonus and commission from the advertising money the company have saved.

The MLM company gets the best form of advertising, that is Word Of Mouth by a network of Independent Business Owner, or you may called is also as Independent Distributors, whom are based only on commissions.

In the distribution process, there are middlemen in the traditional business. They have their hands in the profit pie. Instead of all the pie being taken by middlemen (wholesalers, stores, retailers), the pie is being given to independent distributors in many levels in Network Marketing business.

Venturing into business requires capital and many of us know it takes huge amount of capital to start one. You might want to think about some renovations to be done to your business premises. That too cost quite a big amount of investment, don’t you agree?

But in Multi Level Marketing, one may not even have to worry much about having enough capital. It takes a very minimal investment and most of us are able to make the breakeven in a short time.

One may just start the business by purchasing a business kit or we can call it starter kit. With the product descriptions, product price list, company background, marketing plan, application form, and all that is needed in that starter kit, you are able to begin building the business.  

Some companies doesn’t requires for a starter kit but only to purchase their products to entitle you to be a member to begin the business.

This is the question that I often faced when I do my MLM presentation to a prospect. And my answer is always yes, we have to look for people.

If I join a MLM company and it doesn’t need me to look for people to make money, then something is wrong. I don’t feel at ease.

There were once I did a so call MLM company, which I don’t have to look for people to join me. I can do so, but it is not a necessary. If I do bring people into the business, I will earn more. And if I don’t, I will still be earning money.

I believe you will understand what I am talking about if you have experienced it before. Anyway, MLM is people helping people business and I think I can’t do it alone and there must be a team working together in this kind of business.

Get Rich Quick Scheme can be simply defined as:-

Put Money – Without Working – Make Money

Put in Money means investing, could be in any amount, from RM100 to as big as, like RM100,000 and make big money, normally without working. If you do recruiting, you earn more.

The top or early birds in this program, will earn a lot and the bottom people or the people who just came in, will earn less or loose money. The company will collect the money and do the payout. After some time, they are unable to make the payout. Sooner or later, most of these companies will eventually close.

Get Rich Quick is NEVER a long term business and it is not recommended.

This is one of the most important question that you must ask someone who joined a MLM business or someone you are trying to recruit.

Why they join MLM? Why they decided to do MLM? What are they looking for?

You won’t be able to answer for them. You only have to listen to their real reasons. There are many reasons. You will heard different answer from different people.

They are looking beyond where they are now and trying to do something with their life. In fact, they know what MLM can do because they have seen many became successful from venturing into MLM business. Perhaps, one of the reason you will hear, is that MLM can bring them the Unlimited income potential.

Do you choose the MLM company? or the MLM company chooses you?

Some people are attracted to some benefits that the MLM company offer. Nobody join a wrong MLM company. If you just sign up in a MLM company, its alright. There are so many MLM companies in the market and choosing one can be difficult if you don’t know what to look for in a MLM company. It is true, that you have seen many people achieve great success in “A company”. You also have seen many successful people in “B company”.

Here are some of the important aspects you should look at, while making your choices. a) Company’s profile and background, b) Product, c) Marketing Plan. Choose a company that has been in operation for several years. Some company don’t last.

Some company’s marketing plan is easier than the other. Some are not long term program.