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Are You Self Employed If You Own An MLM?
There is a great deal of confusion surrounding the MLM and network marketing industries - most commonly in the area of identifying the category in which a particular business fits in to. For example, if you are a network marketer, are you self employed - or an employee? Are you an entrepreneur, or simply a slave to a giant corporation?
In this article I will give some answers to this elusive question. But why is this even important? Because in my experience, I have found that having the ability to identify the exact type of business category in which you work - whether it be self employed or an employee alike - allows you to adjust your mindset and use a specific set of tools to get the job done.
Let me approach the initial question head on. To give you the most honest answer I can summons from my mind, running an MLM business should be treated in exactly the same way as an entrepreneur would treat his or her business venture.
Yes, it is somewhat true that in network marketing, you are indirectly working for the person above you in the ladder. But regardless of this, think of the income you are receiving, and the reasons you are receiving it. Unless you have a rapidly expanding or highly developed down line, you will probably be forced to do most of the work yourself.
Hence, the money ending up in your bank account at the end of the month is the result of your work alone. Do you see the similarity here between your MLM business and a mainstream enterprise created by someone with an entrepreneurs mindset?
Indeed, this means that the tool set we need to use (and the skill set we need to train) will be unique. The easiest way to prove this point is by taking an example.
Imagine yourself - a budding network marketing candidate, versus a standard factory worker. Stand these people next to each other, and we see that each of them needs a completely different set of skills and attributes to complete their respective jobs.
On one hand, the factory worker will need a bit of intelligence, logic, and spacial awareness (albeit a minimum amount) to get the job done. There will be very little need to communicate efficiently or think in a profit and revenue driven manner.
This is in stark contrast to the business logic and aptitude that you, as the MLM candidate, requires. The most important traits to have here are communication skills, persuasion and negotiation skills, and the ability to relate well to others. These four things alone will ensure success in almost any network marketing endeavour.
So why does this difference arise, and how could we possibly exploit it? Well, think for a moment about what is required of a self employed, MLM owner. If you want to escape from the rat race and push your business influence outwards, you need to enlist a few people directly below you on the networking ladder.
To do this, you will be forced to take a leap, and attempt to train up a few potentials. This process should be treated as a self-employed person teaching another self-employed individual, because at the end of the day, the two of you will be working together.
Think of it as a real estate agent training up another real estate agent. If you treated them like a random employee, they would probably not be able to fully grasp the requirements and ideas resting on the underlying foundations of the job.
So that brings us to the end of this discussion. Now that you are fully aware of the exact role you play in the MLM and networking marketing world, you should be able to adopt the correct mindset in order to succeed, if not advance yourself forward in this industry. I do wish you the best of luck with the entrepreneurial challenges which lay ahead, and hope that you are able to transform your efforts in to a reasonable and reliable source of income.
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