I keep setting goals that are too ambitious and then feeling like a failure. How do I set realistic, achievable goals for my MLM business? What milestones should I aim for in the first year?
The comparison between MLM failure rates and traditional business failure rates is misleading. When a traditional business fails, the owner usually has assets, inventory, and equipment they can sell. When an MLM distributor fails, they have nothing but overpriced products in their garage.
My story is different. I joined an MLM at 23 with no business experience. Failed miserably for the first year. Almost quit 5 times. But I stuck with it and now 4 years later I earn more than I did at my corporate job. The difference was finding a mentor who actually cared about my success, not just their commission.
This should be required reading for anyone thinking about joining an MLM. Not to scare them away, but so they go in with realistic expectations instead of the fairy tales their upline tells them.
This is really helpful. Do you have a link to the income disclosure statement you mentioned? I have been trying to find it for my company but they make it surprisingly hard to locate.
Reading all these comments makes me realize how many people have been through similar experiences. Maybe we should start a support group for former MLM distributors. Not to bash the industry, but to help people process their experiences and move forward.
I keep setting goals that are too ambitious and then feeling like a failure. How do I set realistic, achievable goals for my MLM business? What milestones should I aim for in the first year?
Create a free account to reply and participate in conversations.