If you are currently in a network marketing business and your paychecks are tied into a high monthly autoship of a product or service, you risk becoming an endangered species. Your paychecks are going to become extinct in this current economy. Many of my colleagues that were high end earners in several MLM companies have seen their paychecks steadily shrink on a monthly basis as the people in their downlines continue to cancel their autoships.
People are hurting out there and when they have to make a choice between paying their mortgage, their car payment or spending $50.00 - $200.00 on their monthly autoship, they are skipping the products and paying the essentials. Even if they like the product or service, it's not a priority over the other bills that they have to pay.
The recent Gross Domestic Product figures released by the government last week shows that the economy barely has a pulse. With unemployment near 10% and a weak economy that's predicted to remain stagnant for the foreseeable future, being in a network marketing business with a high monthly autoship is not a good bet. You will continue to have reps cancel their autoships and divert that money to other bills. That means your paychecks will continue to shrink until there is nothing left.
You can try to offset this by recruiting new reps, but one of the biggest advantages of mlm's is the residual income aspect. Build it once and continue to get paid. If the people you put in last year are canceling their autoships, you are losing the residual income. Having to constantly put in new reps to protect your check is like having a job. When does it end? I have a better idea.
Here are the two things to look for in a home business in our current economy.
- Look for a network marketing business that thrives in any economy. That way your paychecks will continue to increase month after month.
- Find a company that does not have a high monthly autoship. This really is the key because the more affordable it is to the rep and the customers, the longer they can stay with it.
Let me tell you about a company I came across that really nails these two points.
It's called My Shopping Genie and they are starting to really create a lot of excitement in the industry. In a nutshell they have a free application that you download from their website. Once you install it, it lays dormant on your computer until you go to one of the major search engines like Google, Yahoo or Bing and do a search for something. As soon as you do a search, the shopping genie materializes out of nowhere and displays the lowest prices for the item you were searching for. This saves you a ton of time and money. Imagine a free application that saves you time and money. This is the kind of product that will remain in high demand regardless of the economy. People will always want to get the best price on something. So when times or good or bad, this product will always be a benefit to the user.
Since a My Shopping Genie rep gives this app away for free to their customers, there is no cost involved to the end user. The company says that the average user will save $200 -$300 a month using this free application. If that is true, your customer would never remove the app from their computer. If they never remove it, your paychecks will never stop coming in. This is powerful residual income. If you think about how many people worldwide want to save time and money, then you can see the profit potential of this.
Nobody can predict what will happen with our economy in the future, but one thing is certain, people always have and always will want to find the best prices on items that they are going to purchase. If you can provide them a free way of doing this that generates income for you, you can create a very stable financial future.
You know in your gut if your current company is the right fit for you or not which means if your paychecks have not been going vertical this year, its time for Plan B. You can't continue investing your time, money and energy into a program that not returning the results that you deserve.
I have attracted a team of over 1000 reps in just 4 months and we are rapidly expanding both in the U.S. and overseas. I am looking for key leaders to work with that want to hitch their wagons to a company and product that's going vertical. Now is the time to make it happen in a big way.
If you want to work with a proven leader then follow along at http://clickincomecoach.com/ or just give me a call at 253-200-5002. Look forward to talking to you.
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