Makers Mean Business® with Damon Oates and Parker Stelly of DecoExchange®
Business:Entrepreneurship
Episode 029: What is MLM? How Multilevel Marketing Can Help You Grow as an Entrepreneur and Diversify Your Income with Marissa Sayers
This episode is all about MLM! What is MLM, you might be asking? It stands for Multi-Level Marketing... and Marissa Sayers has both a successful creative Etsy shop in addition to her own MLM business!
In this episode, Marissa and Parker break down several myths about MLM, the major mistakes some MLM entrepreneurs make, and what to look for in an MLM.
An MLM is a business! Not a hobby. It's a great opportunity for Makers because you already have an audience and are used to selling physical products online. When entrepreneurs treat MLMs like hobbies instead of businesses, they tend to rely on their friends and family and personal networks, instead of building their own online community with their ideal customers!
Plus, Marissa recommends entrepreneurs consider MLMs because it's another opportunity to diversify your income! The more revenue streams, the better.
When considering an MLM, some things to think about and explore include:
1) Who you might want to sign up under and what they can offer you in terms of support and coaching
2) What outside coaching and training influences you can pursue to support your MLM business
3) Finding a company that aligns with who you are and how you like to spend your time
4) Consider how you will get paid as part of a particular organization and make sure you understand all the ins and outs of any contracts
Marissa is a passionate entrepreneur with multiple businesses, a mom and wife, and is planner and stationery obsessed! She loves to help people figure out how to monetize their gifts and make their dreams come true.
You can learn more about Marissa and her various business endeavors here: http://www.marissamaesayers.com/
You can follow her on Facebook here: https://www.facebook.com/MarissaMaeSayers
Follow her on Instagram here: https://www.instagram.com/marissamaesayers/?hl=en & here: https://www.instagram.com/sayersandco/?hl=en
And check out her Etsy shop here: https://www.etsy.com/shop/sayersandco/
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