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.

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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. This program provides you with training on starting and operating a home-based, Internet business, which you can do “on the side” or as your full-time job. The program is geared towards real Internet newbies: those who don’t know much about html, Web site building, PPC campaigns and the like. The business model focuses on affiliate marketing, so you only need your computer, an Internet connection, and the right know-how to get started. Training consists of detailed video instruction and 24/7 access to a support team, in return for your monthly subscription fee. Interestingly, though, the Maverick Coaching Plan offers you a money-back guarantee. If you don’t make money in the first 60 days, you can get a full refund.

Now, if you view an opportunity like this as the road map to easy money, you’re going to be disappointed. But if you are highly motivated to launch an Internet business and clueless on where to start, this type of coaching plan may be a good fit. Consider the alternatives. You can get a master’s certificate in Internet Marketing from University of San Francisco, which will cost you about $6000. You can get a master’s degree in Internet Marketing from Full Sail University. That one will cost you about $30,000. Or you can educate yourself, which will be free, but time-consuming. All of these options have advantages and disadvantages — it’s up to you to pick the one that suits your learning style, time line and entrepreneurial objectives.

For additional insights, consider reading my series on evaluating franchise opportunities; many of the same concepts apply here. To learn more about the Maverick Coaching Plan and to watch sample training videos, visit http://www.MaverickEarningPlan.com.

*This is a sponsored post. All opinions are mine.*

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. One, if you find yourself injured with a legitimate claim, you might appreciate the assistance of a personal injury attorney. Two, as a business owner, you should be aware that injured parties essentially get no-risk legal help. If you have a retail space, be conscientious about keeping the public areas clean and uncluttered. It’s a good idea to take similar precautions in other areas of your life too; don’t text while driving and don’t let your dog roam free in the neighborhood…

*This is a sponsored post. All opinions are mine.*