Small Business Blog

Many would-be entrepreneurs find themselves presented with an opportunity to get involved in MLM, or multi-level marketing. The MLM business model, also known as network marketing, tasks you with recruiting a team of motivated entrepreneurs and leading the whole group to success.

Legitimate MLM businesses can be enormously profitable, but there’s a catch: the failure rate is really high. You see, prospective MLM entrepreneurs tend to underestimate the amount of work involved in team-building. While getting involved in a particular MLM business might seem like a no-brainer opportunity to you, your prospective team members (i.e., the targets) probably won’t be as enthusiastic. The unexpected rejection can prompt discouragement, which is the kiss of death for any entrepreneur.

One thing people overlook is that launching an MLM business is like launching any other business. It takes research and planning. You need to research the business model and your personal skill set to determine if the opportunity is even viable. Then you need to create a plan to grow your business, and that plan must include specific strategies and staggered objectives. Building an MLM business is not as easy as talking to your friends and family.

If you aren’t sure where to begin this planning process, you can retain an MLM consultant to help you. An MLM consultant can provide insights that will keep you from getting shot down with unexpected surprises.

One MLM Consultant with pretty extensive experience is LaunchSmart. The company has been working with MLM entrepreneurs for more than 20 years, guiding those business owners to success. What sets LaunchSmart apart is its experience working directly with MLM giants, such as Herbalife, Tupperware, AmeriPlan and Prepaid Legal. You can learn more about LaunchSmart, its client list and its four-step system at www.launchsmart.com.

The Internet may be a land of opportunity for entrepreneurs, but most newbies still need a map to help them find their way to success. The best “map” comes in the form of real-world instruction that entrepreneurs can easily implement, and then refine according to their own objectives.

If you’ve tried to find this type of instruction, you’ve likely found yourself wondering how to tell the difference between scams and legitimate opportunities. Believe it or not, there’s an easy answer to that question, and it lies in your expectations. No business system you buy or invest in will make money for you. At the end of the day, you still have to do the work, solve the problems, make the adjustments and persevere through challenges.

Said another way, the service providers that offer to help you make money online are educators, not miracle workers. You still have to be the student and put the lessons into practice.

Take the Maverick Coaching Plan as an example. (continue reading…)

Back in the 1980s, a series of television commercials in the U.S. created fame for the personal injury law sector. Maybe you remember those commercials; the tagline was something like, “Larry Parker got me $2.1 million.”

Larry Parker and others like him are known as personal injury lawyers. If you’ve been hurt in an accident, these are the people who represent you. The types of accidents these lawyers handle include car accidents, grocery store falls, dog attacks, etc.

Personal injury lawyers in the U.S. are paid on a contingent fee basis, meaning the client owes nothing until the case is won. In the U.K., this fee arrangement is called No win no fee. Companies like U.K.-based Accidentconsult.com make it very easy for injured parties to start a claim: they can submit their information online, call the help line or talk to a live chat operator.

There are two reasons you need to know all this. (continue reading…)