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Posts Tagged ‘mlm’

Web Training for MLM Companies

Friday, October 7th, 2011

In the course of our work as MLM consultants, we regularly make recommendations for our clients to implement.  The path to implementation is often the most challenging aspect of any executive’s responsibility.

Over the months and years of working closely with the greatest MLM companies on the planet, we have to apologize that we’ve not been on our best game when it comes to giving our clients the solutions for reaching distributors with training.  We have simply supposed that clients will create their own training systems into which we can insert our recommended solutions.

Like lights switching on, we have had the bright realization that one of the best ways we can serve our clients is to provide the vehicle that makes training work for them.  So, that’s what we are doing.  Online training tools and resources are tricky.  Our clients learn that the hard way, and so have we.

In coming blogs, I’ll share what I’m learning about the use of web training for MLM companies.  As an MLM consultant, I’m only as effective as our clients who reach their staff and distributors with the training we create for them.  Come back often and I’ll share what I’m learning about web training for MLM distributors.  The good news for readers is that we are actually doing it, and we’ll share everything we are learning with you.

The Most-Asked MLM Consulting Question

Thursday, September 29th, 2011

As consultants in the fast-paced world of direct selling, we get a feel for the most-asked questions of MLM consulting firms.  The most-asked question we receive is, “Will my mlm business work?”

Other questions include these:

  • How can I find investors for my new MLM company?
  • What are the steps to launching my MLM startup?
  • Can I start my MLM enterprise in 90 days?
  • How do I get my first 500 MLM distributors?

The list goes on.  Importantly, as mlm consultants working closely with mlm consulting issues, I think that the most important question should be asked by us to our client:  “What do you have that others need, that is so valuable and worthwhile that direct selling becomes the most efficient and effective way to get the word out?”

The corollary might be, “What are you absolutely passionate about, and what are you best in the world at doing?”  With vision and leadership, you will really go places.  The direct selling business is booming!

Ask any MLM consultant or consulting firm!  They will agree.

How Much Will it Cost to Operate My MLM?

Monday, May 30th, 2011

Monthly operating requirements for your MLM will be determined by various factors.  Our MLM growth and financial projection models consider following variables, which you should consider so that you can fully participate in setting the plan as well as adjust course once you are in business.

  • How many active MLM representatives do you expect to have in your very first month of business?
  • What percentage of those reps will recruit others, and of those who recruit, how many will they recruit?
  • What will be the rep and customer attrition rate?
  • Will your MLM company be engaged in recruiting?
  • How much product will customers purchase?
  • What will be the consumption patterns and volumes of reps and customers?
  • What will you charge for shipping and fulfillment?
  • What will your MLM commission payout percentages be?
  • What is your product margin multiplier?
  • How much will you spend each month to support and grow your business?

The financial model for ongoing operations is available through the LaunchSmart Workshop, helping you to determine profitability and cash flow needs.  The revenue forecasts that you create, along with capital budget and monthly expense worksheets will complete the financial model specifically for your MLM business.

The financial model will prepare you for determining when you will need the money so that you can create the disbursement plan to present to lenders and MLM investors.

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