Managing the perfect work life balance can be a huge challenge. Especially if you want to spend more time on other things like family, sport, or learning a new skill. An MLM business is the perfect way to set your time free to pursue your dreams, whilst earning and enjoying your time while you do so. Here is how to set your time free with MLM.

Set Your Time Free with MLM 

The most successful MLM business owners will recommend that you dedicate your whole career to your MLM business. Whilst that’s true, thel beauty of an MLM business is that you can choose. Or you can start small and build your business up slowly. As with any new career, you need to learn the basics. MLM comes with mentorship built in, and all you really have to do is follow the guidelines.

Invest in Yourself 

So many of us put-off starting our own business because we lack the capital needed to get started. An MLM business doesn’t require this, and what’s more the brand you choose will have all of the materials you need to get started, already set up. By starting an MLM business you are really investing in yourself. 

Starting Out 

Choose an MLM within an industry that you are already passionate about. This could be homewares, fitness, beauty and more. There are so many to choose from. You might be wondering how to find the right MLM brand for you. Short list those MLM brands that excite you, compare your favourites and cross check their credentials with a few other criteria to narrow down your selection. If you join a brand that is well established, this is a good indicator of success and longevity. 

Set Your Own Hours

The beauty of managing your own MLM business is that you have the freedom to set your own hours. Decide how you are going to do this by looking at the balance between work and pass times and where there is cross over. There are lots of different working styles, you may find you do your best work early in the morning. Or perhaps you are a night owl. The wonderful benefit to MLM is that it doesn’t really matter what category you fit into, you can work around existing routines, especially if you are a parent. Or build an entirely new routine that sees you scheduling your online activity leaving you free to attend fun events, or combining your passions into demonstrating your products. Working in this way can be empowering since you are no longer shackled to a 9-5 role or stuck on a busy, daily commute.

Overhaul Your Lifestyle

Another way in which you can set your time free with MLM is that you can build your MLM business around your lifestyle and combine the two. This is why it is important to choose an MLM brand you love and believe in. You can use your passion for hiking, beauty, cookery to name a few examples, to demonstrate your brand’s products, make recommendations to fellow enthusiasts and tell your brand story that your audience will relate to. 

Team Effort

The final component that will set your time free with MLM is moving up through the MLM matrix. This is the process of recruiting other sales representatives to your team, meaning that you all benefit from sales that are made by newer members in the chain. This is how some of the most successful MLM business owners reach a six figure salary. This is how MLM can truly set your time free, because you get remunerated for the efforts of your whole team rather than trading your time for money. It is more valuable to make 1% from a hundred people’s efforts than 100% from your own efforts.

Bonuses

Many MLM brands also offer monthly cash bonuses and all-expenses-paid trips abroad. This can be very rewarding, especially when you believe in your brand, as you will often have the opportunity to join your team-mates on trips. 

Mis-information

Sometimes the MLM industry is misunderstood because it’s easy for pyramid schemes to pose as MLM companies. The difference is that pyramid schemes lean too hard on recruitment than selling products. The quality of the products should stand up for themselves with a genuine MLM brand. And whereas as an MLM business owner you will want to perfect your recruitment process, the focus should remain on selling and performing as part of a successful team. Within a pyramid scheme the only source of income comes from recruiting others to join. There have been cases when an MLM brand has been court ordered to redesign their compensation plans to stay on the right side of this legal distinction. To ensure that an MLM brand is abiding by these rules, you should be able to access data on the company’s sales. There should be a buy-back policy that allows independent contractors to return unsold inventory if they quit, they should have low upfront fees to join the company, and they should offer free training. Not everyone enjoys working in the MLM industry, but that doesn’t mean that it isn’t a highly lucrative and enjoyable business model for others. The question is not whether MLM is vaiable, rather it is whether MLM is viable for you.

At MLM Accountants We Know How to Help You 

At MLM Accountants we can help you understand the best solutions for the success of your business. All you need to do is get in contact with us at MLM Accountants. Call us today 0203 237 2927 for help and guidance.