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A Discussion on MLMs
Manage episode 407188060 series 3558648
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"Success is defined by your goals, your aspirations, and things you want to accomplish, not what others tell you is success."
Key Moments
04:15 Quick money isn’t always profitable in the long run.
07:52 The lure of get-rich-quick schemes between those that can afford the risk vs. those who can't.
10:52 MLM business model.
13:34 Understanding brand revenue streams and residual commissions.
15:11 Evolution of entrepreneurial enthusiasm.
Connect with Will:
Book I Can’t Read: A Guide to Success Through Failure
Email: Will@willtalksbiz.com
LinkedIn: https://www.linkedin.com/william-manzanares
A Discussion on MLMs
If a business opportunity seems too good to be true, there’s a chance it is. Multilevel marketing (MLM) companies are one of the business opportunities that are often questioned. My firsthand experience with MLMs has really opened my eyes to the pitfalls and success that can come when you follow the allure of quick money.
There are several things to keep in mind if you are worried about falling into an MLM trap. Make sure you understand where your income comes from. The openness around those questions will help you get a glimpse into the values and ethics of the brand. Still unsure if something is legit or not? Seek feedback from seasoned business owners. That’s not all though. There are several other key takeaways from this conversation:
- Be cautious of opportunities that promise easy, quick money without tangible value or effort.
- Success is personal and defined by individual goals, not by others' standards or flashy marketing.
- When presented with business opportunities, ask critical questions to evaluate the legitimacy and sustainability of the venture.
This episode is a must listen if you've ever been approached with a similar business opportunity and are looking for advice or insights from experienced business professionals. Whether you're considering an MLM opportunity or navigating the world of entrepreneurship, it's essential to approach with critical thinking, diligence in research, and a genuine desire to make a positive impact.
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