In this episode of startup dialogue an initiative by Enterprise Bureau we delved into the importance of multi level marketing as a way for entrepreneurs to raise funds. The multi-level marketing (MLM) sector of the economy has existed for many years. It has changed over the years and now encompasses a wide range of industries, including bitcoin, clothes, literature, and even the fitness and beauty industries.
Extra Income is a necessity as a rising number of people, primarily employees and owners of small businesses, are looking for ways to supplement their income during downtime. Many people believe that focusing on just one source of income is very unwise given the current state of affairs. there is also a proverb that supports this idea: “There are many roads that lead to a market.”
Mr. Dovi Senyo highlighted key points anyone should take into consideration when earning extra income through multi-level marketing. they are as follows:
The need for Setting goals for regular intervals, such as weekly or monthly, is advised. While you work to attain them, it will keep you alert.
Always be positive as you cannot overstate the significance of having a positive outlook when trying to increase your income through network marketing. He mentioned that along the way, difficulties and barriers could appear and without having a positive mindset, you have no chance. It is for this reason that it would be wise to seek out a mentor, someone with leadership qualities and experience in that field that can help you navigate in the right direction.
Dovi also emphasized working on yourself to improve as a network marketer and entrepreneur. He stated you need to take every chance to work on yourself as multi-level marketing is an impact field where your income in network marketing is directly proportional to the impact you make, and how this platform allowed him to impact many lives
He concluded by adding, how relevant it is to maintaining your integrity. that success in the network marketing industry also requires integrity as he advises multi-level marketers to not be involved in more than one business or product to get productive results and gain credibility.