Herbalife is a big player in the MLM industry that has been in business for more than 25 years. It has built upon the mission of its founder, Mark Hughes, to improve the health and financial well-being of several million people around the world. It is a rapidly growing company whose health care products such as protein snacks and other nutritional supplements are now sold in 70 different countries through a network of almost 2 million distributors. In 2008, the company's retail sales grew a whopping 8.5% from previous year to $3.8 billion.
The compensation plan is a stair-step breakaway. My purpose is not to cover this subject in details, but just to emphasize that with this model only the distributors at the top will have a high income. As you can see on the Herbalife official website, only about 1% of active leaders make more than $80,000 per year, and 2% more than $18,000 per year.
Thus it is very important to understand that in order to make a living with your Herbalife business, the only way is to be able to constantly recruit new distributors. You will not be successful in this business and build a good residual income if you only recruit a handful of people. It means you will have to sign up about 1 or 2 people every single day in your Herbalife business.
Many distributors from different countries are failing and are looking for a way to put an end to their struggles. As I said previously, there is no doubt that Herbalife is among the best MLM companies with high quality and competitive products. So why are so many Herbalife distributors struggling and failing?
Perhaps it is because we have entered a new era. The MLM industry is shifting, the promises of MLM and leaving a legacy are no longer a reality for most people. And most uplines are still teaching outdated marketing methods: this is really an essential point: the old-school methods are dead and will not enable you to have the results you are looking for. Examples of these are chasing friends and family, buying leads, cold calling, spending hours on the phone qualifying prospects; no more hotel meetings and handing out flyers in supermarkets. These were good methods that have proven to be efficient in the 80s and 90s. But this is 2009 and our cyber world. And those techniques will never allow you to sponsor enough distributors in your business so that you can build a substantial residual income.
All the top earners in this industry have already understood this. Today’s top online marketers have a entirely different way to look at their business that completely changes their results. They learn how to understand and leverage the power of the internet, they learn how to brand themselves, they learn how to bring value to the market and the industry so that they can sponsor more people in their business.
If you want to make money in your Herbalife business and have a chance to be successful, you’ll have to learn how to build your business like most top earners in the MLM industry, and how to use the internet to get the most out of it. If you learn how to master Attraction Marketing, you will succeed with your Herbalife business. And the good thing is you can then write your own pay-check.
