"Success is defined by your goals, your aspirations, and things you want to accomplish, not what others tell you is success."
Key Moments
04:15 Quick money isn’t always profitable in the long run.
07:52 The lure of get-rich-quick schemes between those that can afford the risk vs. those who can't.
10:52 MLM business model.
13:34 Understanding brand revenue streams and residual commissions.
15:11 Evolution of entrepreneurial enthusiasm.
Connect with Will:
Book I Can’t Read: A Guide to Success Through Failure
Email: Will@willtalksbiz.com
LinkedIn: https://www.linkedin.com/william-manzanares
A Discussion on MLMs
If a business opportunity seems too good to be true, there’s a chance it is. Multilevel marketing (MLM) companies are one of the business opportunities that are often questioned. My firsthand experience with MLMs has really opened my eyes to the pitfalls and success that can come when you follow the allure of quick money.
There are several things to keep in mind if you are worried about falling into an MLM trap. Make sure you understand where your income comes from. The openness around those questions will help you get a glimpse into the values and ethics of the brand. Still unsure if something is legit or not? Seek feedback from seasoned business owners. That’s not all though. There are several other key takeaways from this conversation:
- Be cautious of opportunities that promise easy, quick money without tangible value or effort.
- Success is personal and defined by individual goals, not by others' standards or flashy marketing.
- When presented with business opportunities, ask critical questions to evaluate the legitimacy and sustainability of the venture.
This episode is a must listen if you've ever been approached with a similar business opportunity and are looking for advice or insights from experienced business professionals. Whether you're considering an MLM opportunity or navigating the world of entrepreneurship, it's essential to approach with critical thinking, diligence in research, and a genuine desire to make a positive impact.
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.