MLM Executives – MLM, Network Marketing, Direct Selling News, Videos, Articles, Legal Updates, and More.

How do I Raise Capital to Start My MLM Business?

Charity — Thu, 19 Sep 2013 16:44:34 +0000

Most MLM businesses startup with personal capital, investments from family and friends and possibly from a “random” angel investor.

Although it would be nice to think that venture capital firms were salivating to fund direct selling companies, this is not the case. First, the amount of money needed, which is often merely a few hundred thousand dollars, is “too small potatoes” for most venture capital funds. Even the best MLM companies are often started by inexperienced business persons. Venture capital firms are not comfortable in this context.

Rather, most MLM businesses startup with personal capital, investments from family and friends and possibly from a “random” angel investor. This is not to say that development of a good business plan and pro forma is not important to asking such individuals to participate. However, it is more likely that the investment will be provided on the basis of a personal relationship and trust, along with other loyalty factors.

At a later date, if a MLM company is successful, you will find investment banking firms beating a path to the door to invest. As you look at the success stories of Silpada, Herbalife, Pamper Chef, Visalus, etc., it is evident that investment groups are enamored by MLM companies with a solid track record.

For executives looking to start or are already running an existing direct selling company, we offer the MLM Startup Conference for MLM Executives in Las Vegas. One of the many topics covered at the event is how to raise capital in order to fund your MLM startup company. For over 25 years, this conference has helped entrepreneurs start and grow their network marketing businesses. For more information, visit our conference flyer page.

Visit www.mlmlegal.com and www.mlmattorney.com for more information and updates on the direct selling industry.

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Our next Starting and Running the Successful MLM Company Conference takes place October 24th & 25th, 2013 in Las Vegas. Call 503-226-6600 or 800-231-2162 to register.

Visit us at www.mlmlegal.com to learn more.

Direct Selling Data from the U.S. and Around the World – 8 Surprising Statistics

Charity — Fri, 26 Apr 2013 17:29:30 +0000

Direct Selling News – Global and National Data on the Direct Selling Industry

The March 2013 issue of Direct Selling News reported early globally figures leading up to the World Federation of Direct Selling Associations’ (WFDSA) General Annual Statistical Survey (being released in June). The WFDSA’s represents more than 60 Direct Selling Associations around the world.

The Direct Selling Association took a look at global numbers in the billions from 2011 and compiled a cover story-worthy list of detailed direct selling data. Readers should reference the Direct Selling News website for a detailed explanation of how these data were collected. Direct Selling News states that the importance of the WFDSA’s statistical information will help direct selling companies determine their plans for international expansion, help get the word out about direct selling (MLM, network marketing and party plan) companies, and will help to have an economic impact in the countries that they influence, especially in countries where they demonstrate the greatest financial impact.

Here we’ve summarized a list of eight relevant (and interesting) direct selling statics about the United States and from around the globe, paraphrased from Direct Selling News:

1) In 2011, the direct sales industry equated to $153.7 billion dollars in worldwide sales.

2) Direct selling is best represented by 22 major countries, which reflect 90 percent of direct selling retail sales.

3) The top five countries benefiting the most from direct selling revenues are (in order of highest achievement) the United States, Japan, China, Korea, and Brazil. These countries alone make up over 60 percent of annual direct sales, globally.

4) The United States is the number one market for direct selling, equating to $29.9 billion and, and has held 20 percent market share for two years running.

5) Roughly, “15.6 million direct sellers grew U.S. market sales 4.6 percent and generated $29.9 billion.”

6) 78 percent of direct sellers are women.

7) 96 percent of all compensation plans are multilevel.

8) Products are of great importance in direct selling. The leading product lines include, “…wellness (24 percent), household goods and durable (20 percent), cosmetics and personal care (18 percent), and clothing and accessories (12 percent).” The remaining 26 percent range anywhere from fuel additives to water filtration systems.

The Direct Selling News article titled “Direct Selling’s Billion Dollar Markets” can be found at http://directsellingnews.com/index.php/view/direct_sellings_billion_dollar_markets6#.UXnru8rLvdQ

For more information, visit our websites at www.mlmlegal.com and www.mlmattorney.com. Or, visit our blogs at http://mlmlegal.com/MLMBlog/ and http://mlmattorney.com/blog/.

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And, as always, visit MLMLegal.com, the best MLM resource on the web. The next Starting and Running the Successful MLM Company Conference will be here before you know it! On May 16^th and 17^th, 2013 we are hosting the MLM Conference for the 25^th year! This is now our 64^th annual conference (held almost consistently three times per year over the last 24 years). All executives/owners of MLM, direct selling, network marking, and party plan companies are welcome to attend. This is the original MLM Startup Conference, hosted and perfected by direct selling industry expert, MLM Attorney Jeff Babener. Call 503-226-6600 or 800-231-2162 to register. (Can’t make this event? Keep an eye out for our October and February conferences as well.)

Visit us at www.mlmlegal.com to learn more.

Only 7 Days Left Until the MLM Startup Conference in Las Vegas!

Charity — Thu, 14 Feb 2013 17:05:44 +0000

There are only seven days left until the MLM Startup Conference in Las Vegas! There are only six days left to register to attend! The MLM Startup Conference: Starting and

Free MLM Startup Manual!

Running the Successful MLM Company Conference begins February 21st, 2013 at 9:00AM and ends on February 22nd, 2013 at 8:00PM. This Conference is the for executives/owners of direct selling, network marketing, MLM, and party plan companies. Call 503-226-6600 or 800-231-2162 to register (registrations are taken only by phone) or for more details!

(Can’t make this Conference? Keep an eye on our website for the May and October Conferences!)

Visit the following links for additional information!

MLM Startup Conference in Las Vegas

February 2013 MLM Startup Conference in Las Vegas

Check out our September Press Release, Posted on our Sister Blog at MLMLegal.com

NEW PRESS RELEASE – 63rd Annual MLM Startup Conference!

MLMlegal Releases New Film on MLM Startup Conference – Produced by Networkingstar.com

MLM Startup Conference – A Must for Executives of Startup and Existing MLM Companies

Presented by one of the most trusted individuals in direct selling and MLM, Jeffrey Babener, Editor of www.mlmlegal.com.

About Attorney Jeffrey Babener: Conference Host and Chairman, Editor of www.mlmlegal.com, as well as the leading direct selling attorney in the United States – With over 25 years of experience as a direct selling attorney, Jeffrey Babener has advised leading companies in the MLM/Direct Selling industry, ranging from Avon to Nikken, from Melaleuca to Usana and Excel Communications, plus many more. He’s been published in national magazines such as Money, Inc., Atlantic Monthly, Entrepreneur magazine, Direct Selling News, Direct Sales Journal, Success magazine, Money Maker’s Monthly, among countless others. He’s authored several books, including his most popular Network Marketing: What you should know. Mr. Babener has chaired more than 60 national conferences on direct selling.

Contact: Babener & Associates/MLMLegal.com
Telephone: 503-226-6600/800-231-2162
http://www.mlmlegal.com

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Who Should be the First Key Employee that a Company Should Hire?

Charity — Thu, 06 Dec 2012 21:22:48 +0000

Who should be the first key hire for a MLM company? This is a question often asked by company owners. And, usually companies are started by one or two individuals. In a way, you are your own first key hire, but you are not really hiring yourselves. You are sweat equity. When you have sufficient funds to go out and hire, the question is, “should we hire somebody to run operations?” If you have recruitment capabilities, then an operations individual may be your first hire. However, frequently recruitment capabilities are limited. Therefore, it is more likely you may hire a VP of Marketing, because recruitment and retention is the driving force behind your business, and you may be somewhat capable of pushing through on initial operations. So, if things are going slow and you do have the capital, the first key hire will probably be somebody with substantial experience in the network marketing industry, such as a VP of Marketing in another direct selling company or a highly-successful distributor, somebody that works well with people. That person will probably be your first key hire with the next hire being an operations officer. Obviously, if you have sufficient funding, hire both simultaneously.

Watch this video to find out which other key hires are important for new startup MLM companies: Who are the first key hires for a MLM Company?

Or, read the biography of experienced MLM Attorney, Jeffrey Babener. And, read the articles “MLM Consulting: How to Build a Successful Direct Selling Company” and “The First Essential Hire for MLM Startup Companies” to find out how you can begin to start your own network marketing company.

Visit us at www.mlmlegal.com to learn more.