Question

Topic: Career/Training

Is A Binary Form Of Mlm Could Be The Best Networking Strategy Today?

Posted by Anonymous on 6/2/2004 at 1:45 PM ET 250 Points
I'd been an MLM fanatics since I'd been introduced to it 10 years ago but had never succeeded in any kind of which. Just recently, a new kind of marketing approach in MLM is introduced to MLMers- A networking using a binary system approach wherein you just have to have two legs: your left and right legs. And that 2 would multiply to 4, then to 16, 32, 64 and so on. And every time you sponsor or recruit somebody to join the company you get a commission of 10 % of the registration fee. Then each time your left leg matches your right leg , you get a commission of 20 % of the registration fee. Do you think this is the best system to grab by this time?
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  • Posted by Peter (henna gaijin) on 6/2/2004 at 1:55 PM Accepted
    I hate to say it, but I have a very negative impression on MLM. Whenever I see MLM, I head the other direction (whether it is someone trying to recruit me, or trying to sell to me). Normally, I would not mention this, but I suspect that you will find many 'traditional' marketers with similar negative perceptions of MLM here, so thought it would be best to prepare you for it.

    Now, my thoughts on MLM (based on applying my sometimes warped version of logic with my pereption of how the systems work - not actual experience doing it):
    - the form of MLM is not nearly as important as what you are selling. You need a product that people want and are willing to pay for. Without this, doesn't matter what form, how many people you can recruit, or what percentage you make - you won't make any money.
    - after that, you need to be an early adopter. The more people already selling the product in your area, the less you will make (as customers and your recruits will already be signed up by your competitors.
    - the logic to me of giving a higher percentage (10% is a higher rate, isn't it?) but not allowing you to recruit as many people doesn't make sense if you are one who could recruit many people. The more people you have selling under you, the more you should be able to make.
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