MLM Singapore Exposed, How To Have A Successful Business Online
The multi level marketing industry has been around in Singapore for over 30 years. But it hasn’t really been that well loved until today. Previously it was just a way to earn a small extra income but now with the evolution of the industry and the mindset of young people, it has come a long way.
It is really not surprising that MLM is evolving and starting to appeal to the masses in Singapore. If you reckon about it, this was bound to happen. Let’s take a look at some of the benefits of the MLM industry. The first thing is that is allows the individual to make huge amounts of income. I guess this is the largest reason why most Singaporean’s join in the first place. And it’s right. This industry has the potential to make more millionaires than any other industry in the world.
Why? Because of its structure and the fact that the remuneration is commission only and is based on performance. The second reason is that it allows the average Singaporean to get out of the corporate rat race. This is huge! Especially in a country where most graduates strive to go corporate, it is a release from the clutches of a modern capitalist society. And of course is also a release from the suit, the politics, the 6 day week and your tiny 3 foot cubicle.
When you really break it down, people are drawn to this industry because of two things it can give them. Time and freedom. More time to delight in the fruits of their labour and to spend it with their families, and the freedom to do whatever their small heart desires. I reckon that’s what most people want out of life.
We know so far that this industry certainly rewards people that work hard and are successful, but what are the chances that you can make this type of money? Unfortunately, not much. You see, the success rate in MLM is only 3%. That means only 3 in 100 people that try it out succeed. That number doesn’t sit well with me and it shouldn’t with you.
Well, unfortunately most huge MLM companies are still stuck in the stone age and train their distributors on the most out of date prospecting techniques. They tell you to make a list of 50 to 100 people you know and go out there are pitch your incredible opportunity. And once you run out of friends and family to speak to, they tell you to cold call, buy crappy leads online and pitch anything with a pulse! Sound familiar?
It should because that’s what most MLM’s in Singapore and worldwide tell their distributors to do. These marketing methods are very ineffective and can be seen from the low success rate of this business. So what is the solution?
Since we are in the modern age, we really should be maximizing the use of current forms of communication and avenues to reach our audience. We need to broaden our scope and use tools like the Internet to reach an international audience and not just people in Singapore.
People also need to focus on marketing so that they can “attract” people towards their business instead of prospect where they are constantly having to “chase” people around. And isn’t it time you stopped hassling your poor friends and family? At this rate, you will have none left!
So success in a Singaporean MLM has nothing to do with the company or the product. At the end of the day there are many excellent companies out there and unless it is a cure for cancer, it is YOU that still needs to sell the business. Therefore learning how to “MARKET” yourself and the business using modern day tools, is really the key to success in this industry. Learn how to market, get the right training, learn how to provide value to the community and you can be successful in any MLM company.
So getting the proper MLM marketing training can really catapult your business through the roof. Aaron Chen’s article at http://aaronchenonline.com/network-marketing/mlm-singapore reveals his step by step blueprint that has taught many Singaporean’s how to succeed in MLM by applying the Internet.