Can you really make it big in older companies?

[Rjbsuccess]

Originally Posted by Debra F

I can't answer for any of the companies you've mentioned, although I'd have to agree that anyone CAN make it big in any company. Especially when you read stats that only 3-5% of people ever make it big in most NM companies.....so , over the years, these leaders will come in and do it but not many.

I've been with AVon for 7+ years. Avon as you know is over 120 years old! I've watched a few people come in and rise quickly, one just about at the very top of the comp plan, a speaker at last years convention too and she's only been with Avon 5 years or so.

Anything is possible if you put your heart and soul into it and believe in yourself. The "older" companies have been around for a long time for a reason :-)

Leaders are great! The Lord wants us to be abundant, he also wants us to work and his law is so amazing. Poverty is a sin, that is why I love positive like minded people that can touch the lives of so many great souls.

Life is good when we pick up the hand and do something

Ronnie

[BusyBee]

Thanks everyone for your positive respond, really appreciate!

I believe success can mean different thing for different people. Some got in the MLM business just wanted to make a few hundred or a few thousand dollars a month. Others wanted to make it big and create great wealth (maybe $100K+/month??).

Those older companies are great, they are the pioneers in this industry. They have been around a long time and figure to be around a long time more. But, don’t you think they have reached maturity in the marketplace, and the “legacy” positions in them have been filled?

Is this just a myth that people who join a MLM company earlier have better chance to make fortunes? (I mean working hard for 3 ~ 5 years, not just sitting on their butts doing nothing).

[WendyDentremont]

Originally Posted by BusyBee

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Those older companies are great, they are the pioneers in this industry. They have been around a long time and figure to be around a long time more. But, don’t you think they have reached maturity in the marketplace, and the “legacy” positions in them have been filled?

Is this just a myth that people who join a MLM company early have better chance to made fortunes? (I mean working hard for 3 ~ 5 years, not just sitting on their butts doing nothing).

I can tell you that the company I work with went into its greatest growth (by far) in its 10th year in business with the release of one particular product. That product was a game changer ... and the company grew from being relatively unknown to being a force in the industry. Before the 10th year, they did business only in the United States ... and that product resulted in a launch of 25 new countries over the next couple of years.

An older company which continues to reinvent itself with new products, added compensation, international expansion, etc. can continue to have "timing" on its side. We've had people come in over the past year, based on another product launch, who reached the top of the payplan in eight or nine months ... while others who have been positioned with the company for years did not advance ... because they did not take advantage of what was currently being offered ... new product ... new timing.

Positioning early on can only have a long-term advantage if the company stays in business. With an approximate 95% failure rate (the general consensus within the industry), a new company is not likely to be in business within one to five years.

That being said ... all the more stable companies were at one time start-ups. In my opinion, it comes down to the management/ownership of the company. They are at the helm and have control of all decisions. The greatest product in the world is useless with a greedy, stupid management team. The same with the greatest compensation plan ... useless if the company no longer does business.

It is possible that there is an advantage with a matrix ... but their history within the industry (with the exception of Melaleuca) is dismal. They are virtually all out of business by the 3rd to 5th year or before. So, in the end, no advantage with a matrix. ... If you're lucky enough to find the rare start-up binary that turns out to be long term, there could be an advantage to positioning early if you are in a power leg and if you actually build the other leg. If you position early in a binary in the weak leg of someone who opts not to move forward, you will have no advantage. If you position early in a binary powerleg, but don't build the other leg, you have no advantage.

There are pros and cons to all companies ... but the risk of investing your time and money into a startup and then finding it closing its doors is very, very high ...

Here is an excellent article by Michael Clouse, and perhaps the most important sentence in the article:

"For example, according to research, since 1957 thousands of different MLM, Multi Level, or Network Marketing companies have opened their doors; and to date only 50 MLM companies have found a way to celebrate their 10th anniversary and still remain in business today." ... Michael Clouse

Top 25 MLM Network Marketing Companies, MLM Companies,



Great conversation!

[DebraFerrie]

I like that list- So many great companies. But it says:
1) The company must be a self-described Network Marketing, Multi Level, or MLM company.
2) The company must be in business for at least 10 years as of January 1, 2010.*
3) The company must have a Google Page Rank - GPR. A scale of 1 to 10 with 10 being best.
4) The company must have an Alexa Rank - AR. Here the smaller the number the better.
5) The company must show up in Google Trends - GT. All Regions. Last 12 months.**

That's mostly about online ranking ,e tc.

Anyone know of a list where it would be more based on company growth in the last few years?

Thanks!

[Yuliya Mironova]

Originally Posted by BusyBee

Is this just a myth that people who join a MLM company earlier have better chance to make fortunes?

Yes; it's absolutely a myth: they have the deck firmly stacked against them for many reasons, including all those mentioned by Wendy above. Those joining after a company's 4 or 5 years old have far better chances.

The turnover of companies is huge. At any one time there are far more new companies (most of which won't still be here in 2 years' time) around than old ones. So there are plenty of distributors temporarily in new companies but actively promoting this myth than there are people like Wendy and I dispelling it. So it's always a popular myth.

It's one of the countless questions in network marketing about which, if you take typical answers from a group of "people in network marketing" and compare them with typical answers to the same question from a group of people "making a really good living in network marketing", you'll find the opinions radically different. People have to decide for themselves which opinions they believe: the frequent ones or the rarer ones. I've made my choice.

[square.wave]

Originally Posted by Yuliya Mironova

Couldn't agree more.

Your chances of making it big in an older, well established, "saturated" () company are far, far, far higher than your chances of making it big in a start-up. Absolutely no comparison at all.

The top millionaires in all the world's biggest network marketing companies have been people who joined them when they were older and very well established. There are reasons for that.

Statistically speaking, the odds are enormously against you when joining a start-up, as 95% of MLM's never make it to year #5...

New companies tend to promise the moon but can't deliver, or they realize they can't keep their promises and will go bust unless they modify their comp plan, so personally I would seek out the more mature companies and not even bother with anything under 5 years old.

It's hard enough work just as it is even if you had the best MLM in the world - let alone having a gloomy 95% statistic working against you.

[matoozie]

Originally Posted by BusyBee

New MLM companies come out everyday, groundfloor opportunity is great, but full of risk. So, is it still possible to creat great wealth with older companies such as Amway, Shaklee, Nu Skin, Herbalife... etc?

Hey Olive,

It is most certainly true with Shaklee. Just got back from the global convention and things are growing like crazy --- especially China. In less than a year, they already have Presidential Master Coordinators and one gal made it in 8 months. And with over 40 countries left to open, we haven't even begun to peak!

We have money, trips and cars with as little as 5,000 volume. My PMC was just handed a $100K Mercedes (they gave away like $1.6MM in those).

It's definitely possible to make great money. It took 10 minutes for all the Million Dollar earners to get across the stage!

#1 Got to get a plan a stick with it
#2 Before you do it, make sure it is lucrative and stuff people want and need
#3 Make sure there is excellent company vision and management and ethics.
#4 You have to see the people and talk with them and keep doing that over and over. Putting up a website is not enough. See the people.

[kathiemt]

This has been a great discussion. One of the key things for me is the people I'm working with upline. If they show genuine interest in helping you succeed and you can see they've already got a business that is growing, then you know that things could work well, providing you do your end of the bargain.

I love the group I'm with and am learning all the time. I'm actually getting quite excited about the business - this is the first MLM I've seen in a long time that really excites me. And in using the system I'm not just helping others but also blessing those who aren't even looking at the business through the cards and gifts I send to them. It really is a business where everyone benefits.

[r.alecio]

MLM companies are hardwares. For example, a computer. All a computer is, is a dead box, it will not function if it does not have an Operating System (i.e. Windows XP, Windows 7). The same thing with MLM companies, they are the hardware that needs a good software program (you) to run it. Without that software, the hardware will never function.

[Craig Mattice]

I've looked at this thread subject everyday since it was posted thinking there is not much I can add. Many great and solid points have already been established highly supporting the highly successful opportunities with these "big companies," like Amway, Mary Kay, Herbalife, Shaklee, Forever Living, and FreeLife. Yes, I know there are many more, but we all get the point.

To answer the original poster's question, the resoundingly true answer is, ABSOLUTELY YES!!

I believe today, one has a greater chance at a long term, leveraged, walk-away income; investing their time, effort, and money in a solid big company than a start up type. Why? Simply because everything is already established without having to deal with the "growing pains" of a newer company. I could go on and on about what a larger solid company has to offer but space and time are limited.

The key to overall success is a business mentality, vs. a consumer mentality, understanding this is a "PEOPLE" business, not a PPC, Google Adsense, numbers, online vs. offline, business. And, no matter what one chooses one must be willing to learn new things and apply them through "WORK." Thus the famous net-"WORK" marketing name of the business. Anything worth having is worth working for. The only place "success" comes before "work" is in the dictionary.

I say again, if one wants a business and extra income, get off your a$$...butt, quit wishing, there is not easy way or "secret," and go out there and "DO IT!" (BTW, that "is" the secret!)

To summarize, Can you really make it big in older companies?

The resounding truth is.....ABSOLUTELY YES!!