Hello everybody, you often read advertisements like this: “Simply The Best MLM Opportunity Out There” (freshly copied and pasted from my Facebook newsfeed).
Is there such a thing as “simply the best MLM opportunity out there” ? Maybe you want to help me to answer that question or perhaps you’ve got the same or a similar question in mind. Let’s try an approach.
In my former traditional business as financial consultant, I gave people advice on financial planning (insurance, mutual funds, mortgages etc.) and I sold them appropriate products. Even if I was able to offer most products of the retail financial market to my clients, there were sometimes discussions like that: “I found the best health insurance because they pay back up to 6 months of premium if you don’t need the insurance in a given year.” Or in investor’s magazine ABC, mutual fund XYZ was rated five-stars because its 3 month performance (hindsight, of course) was the best and the client said “Do you sell this mutual fund, too ?” Even if I did so, I needed to explain to this client that they based their decision on irrelevant information.
How does this totally normal human behaviour apply to MLM ? MLM opportunities are complex, and so are financial products, and you buy a lot of future – hopes and expectations.
As you’re not able to make a rational decision on such a complex matter, you stick to one or two highlights, e.g. the past performance of a mutual fund or the comp plan of an MLM company.
If you are a blue personality, you might love freshly launched mutual funds like internet, telecommunication and new market funds at the end of our last century.
Most of these investments were pretty bad ones even if the internet is omnipresent nowadays. In MLM , Blues love the excitement of pre-launches and ground floor opportunities. Making true longterm residual income seems to be secondary – fun and excitement, that’s what counts. By the way, Reds love them too because they are captured in greed and GRQ-thinking. But that’s another story.
The difference between you as an entrepreneur in MLM and one of my retail clients is that you are an entrepreneur and not a mere customer. At least you should be an entrepreneur and you’re telling everyone you are one, don’t you ?
So you need to look way more closer at opportunities than an average client is supposed to do. The question is: Are you able to let go of the mindset of a consumer, of a client ? If not, it’s mere luck if you find a good opportunity that allows you to create true long-term residual income and with a consumer mindset you’re going to fail in building your business. Period.
If you are able to build the mindset of an entrepreneur, congratulations. The next step for you is to find a recipe that allows you to reduce the complexity of an opportunity without merely focusing on one aspect that intrigues you the most, mostly out of emotional aspects.
Guess what, this recipe is available. It’s no secret. It’s available for free to anyone who is open to it. No secrets involved.
The biggest secret is perhaps that it’s not a secret. It’s an Anti-Secret. Just ask me. It doesn’t allow you to tell what the best opportunity of all is. But it gives you the blueprint to evaluate any MLM company through asking five simple questions and taking the time and patience to figure it out. Answering these questions allows you to predict the future, at least you are able to reduce a lot of risk or even eliminate some risks completely.
And guess what, with this recipe, I can tell you from experience in both industries that it’s much easier to evaluate an MLM opportunity than a mutual fund or a health insurance product – if you know which questions to ask and what to look at. We’re going to discuss that in upcoming posts.
To be continued…part 2 of “The best MLM opportunity – Revelation of an anti-secret”
To a prosperous life,
Oliver Tausend
+49 1512 9125216 (Germany/outside US)
+1 201 984 5664 (US)
Skype ID: guernsey2016
wordpress@olivertausend.com
Free e Book to your MLM success
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I think your post to be suitable for everyone who is interested in valuable resources. Thanks
[Reply]
Oliver Tausend Reply:
May 4th, 2010 at 17:00
You’re welcome Lisa. Thanks for your comment.
[Reply]
Can’t wait. You’ve laid a good foundation and hit on some very key points about he human psyche. Great post my friend.
Steve Shoemaker
[Reply]
Oliver Tausend Reply:
May 4th, 2010 at 17:02
Part II is scheduled for tomorrow. Thank you my friend for your frequent comments, I appreciate that.
Cheers
Oliver
[Reply]
Twitter: marcus_baker
says:
Transformation of the mindset to that of entrepreneur is fundamental for success Oliver. I look forward to your next posts.
~Marcus
[Reply]
Oliver Tausend Reply:
May 4th, 2010 at 17:05
Part II is scheduled for tomorrow. Stay tuned. Thanks for your comment Marcus and have a blessed day.
[Reply]
Interesting – Bring it on Oliver.
Lets take a look at this….
[Reply]
Oliver Tausend Reply:
May 5th, 2010 at 08:51
Hi Maria,
thanks for your comment on my post. I’m glad you find it interesting. Stay tuned for part II.
Be blessed
Oliver
[Reply]
Hey Oliver,
definitely like the way you can see people in colors because they all have different personalities. We´ve to understand how people act to react in the most beneficial way.
Great post.
Gerald
[Reply]
Oliver Reply:
November 6th, 2010 at 10:41
Hi Gerald,
the color technology is definitely a great way to understand oneself and others better. It’s important to know that we all are chamaleons, we have to be in order to be able to behave adequately in different situations. Even the most caring yellow personality would become red if someone threatened their family.
Thanks for stopping by.
Take care
Oliver
[Reply]