You know about these, right? The less than encouraging statistics about the MLM industry…? It’s too bad that the most famous MLM data are negative.
Some are true plus some aren’t. But most hear just the negative. And that’s what they discuss. These will come up too just in case you haven’t actually seen this data. But this article will also surprise you perhaps with some positive MLM data, the ones that aren’t famous or discussed… except in circles of successful network marketers.
Let’s start out with the main of all MLM data… the failure rate for network marketing is estimated to be between 97 – 99%.
Yes, that happens to be true and also the reasons for it so far are 1) those who enter the business aren’t given the right information upfront by their own sponsors 2) those who enter the business cannot afford to put in the money and/or time essential to achieve what they would like.
And just a fast clarification, you don’t necessarily need to be pouring tons of money into your home business to start getting more customers and team members.
But you do need to set up consistent time and work. You don’t need to set up 40 hours a week (phew!), but you DO have to be consistent with the 10 hours that you put in.
The majority of individuals who join an MLM are told that they don’t need any skills or experience. When it doesn’t work out that way… they drop out (usually within the first year) and bring about the 99% failure price.
So let me give you a general idea of what you do need to be doing to profit in network marketing. Here are some MLM statistics from my multilevel marketing company. These show the romantic relationship between how many people need to be sponsored in order to get the corresponding annual income.
Sponsor 10 people = $2, 796 annual income
Sponsor 20 people = $11, 223 annual income
Sponsor 40 people = $16, 311 annual income
Sponsor 60 people = $22, 028 annual income
Sponsor 125 people = $41, 192 annual income
Sponsor 250 people = $59, 074 annual income
Sponsor 375 people = $69, 375 annual income
Sponsor 500 people = $105, 591 annual income
Sponsor 750 people = $120, 636 annual income
Sponsor 1, 000 people = $235, 419 annual income
Sponsor 2, 500 people = $563, 000 annual income
Obviously, the numbers will vary from MLM to MLM, but one thing is for sure… you will not be a millionaire by sponsoring 3 people.
Are you aware of those numbers as they affect your company? And are you currently carrying out a plan that will allow you to where you want to become? Some may find this sort of information intimidating. I see it as something to create goals around.
And now for a breath of outdoors… a few MLM statistics that focus on the upside of the!
Did you know that a lot more than 56 million people are running MLM businesses within over 100 countries all over the world 13. 3 million people in america alone)?
In 2008, network marketing companies earned over $100 billion within sales.
About 80 percent of network marketers are women.
This is one of my personal all-time favorite MLM data…
The global MLM industry is continuing to grow by an astounding 90 percent in the last ten years.
What other industries tend to be growing at that price? Do you wonder why network marketing, which holds such a bad reputation, is seeing that a lot growth?
It’s because people are fed up with working for someone otherwise. They are tired associated with working harder and longer hours and getting paid less. They are tired of not having the ability to spend time with their families.
And their financial problems prevent them doing the things they would like to do during their time using their families. They are looking for a method to start their own businesses without investing huge amounts of cash or maintaining inventory. They are looking for any team and ready-made resources that will help them grow their businesses. They are looking for residual income… a way to earn later on off of today’s efforts.
They are looking for the solutions to these problems plus they are finding them in network marketing.
Those are the MLM statistics which i see every day. What MLM statistics would you see?
