These are extraordinary times and they require exceptional measures in every area of life. In social life, personal life and last but not least in our professional life. These times are extraodinary and the situation is demanding. There is only one topic in the world and it defines everything. Coronavirus affects everything in the global architecture of finanacial markets and trade and the MLM industry is no exeption. But what to do in order to survive? Furthermore, what to do in order to look at this situation as an opportunity and seize this opportunity to increase your income and your position on the market? Rankingmlm.com has analyzed this issue and would like to help all network marketing partners, distributors and leaders sharing our knowledge with you.
MLM vs unemployment
Needless to say that potential unemployment which COVID-19 might cause is a serious matter. According to The International Labor Organization if the virus isn’t controlled almost 25 million jobs will be lost globally. It is an extreme and almost unbelievable number.
However the MLM industry can give some of these people a helping help, give them a chance to get paid and make this whole situation quite all right.
As Eric Worre, a veteran network-marketing consultant put it into words in his Youtube video „There has never been a more opportune moment for people to work for their home than right know. Think about it. People to work from their homes, using technology, connecting consumers to valuable products and drop shipping those products to the consumers home.”
In the same video, the legendary MLM consultant added: „This a magical moment for people inside our profession to be able to brag about. You have a chance right now to go to everybody that has a concern and say „Why not start a small business from your home?!”
To clarify his statement Eric Worre said: „What I’m saying is – people are stuck in their homes or they choose to stay in their homes and this is an opportunity to be able to give them a vehicle to capitalize on that situation.”
An interesting perspective and an insight shared with us also John Melton, Home Business & Lifestyle Expert and I Million Dollar Earner. During an interview with rankingmlm.com he pointed out:
“We gotta stay positive. This whole „the world is gonna end” mindset. That’s not doing anybody any good. We as organization are going to talk about how to work through this time. About the right mindset. But we are still doing for instance our virtual bootcamp or Facebook lives. We are doing all the same stuff. But that’s a thing, people ask: How are you holding up at home? And I say: I’ve been at home for 10 years!”
Companies that operate 100% online are in the best position
Companies that operate 100% online are in the best position (and wellness companies but we will write about it in out next article). Some of those MLM companies are effectively creating opportunities to earn online. They provide their partners and distributors with a “virtual office” and “virtual store”. Having such tools the distributor sends links to their virtual office so customers can use services or buy products. The company is responsible for delivering the product (i.e. performs the service for a given customer). Thanks to which both the distributor and the company earn money.
Companies worth recommending according to rankingmlm.com
Here is the list of 5 MLM companies who seem to have seized this opportunity and developed despite this demanding situation. These companies know the best how to effectively switched to online work and we have to give them credit for that. As you can see in this group there are various companies from various segments. However they have one thing in common – they offer product as a service online and it works for their benefit.
These MLM companies which take this opportunity during these hard demanding circumstances have a chance to win. With people staying at home looking to fill up their day and making money from home. MLM companies must adapt to this situation. It is simple: These MLM companies that will now start strongly promoting their services among potential customers and distributors. e.g. with online meetings, they will be fine. We keep our fingers crossed for them.