Becoming part of a health MLM as an Independent Business Owner (IBO) can seem like a great way to start a side hustle. Many businesses in the health and wellness field sell products like supplements, self-care products, or diet products. But is it really the best path? Let’s explore what it’s like to join as a health MLM IBO.
What Does a Health MLM IBO Do?
As an business owner, your job is to offer goods and build a team. You can get paid in two ways:
- Selling Products – You earn a cut for each product you sell to clients.
- Recruiting a Team – If you bring on others, you can get extra pay when they grow their team.
Benefits of Joining a Health MLM
Work on Your Own Time
Being an IBO lets you work when and where you want. It’s great for people who have kids.Extra Money Over Time
If you recruit active sellers, you can make money from their sales even when you’re not selling.Trending Goods
Many health MLMs carry products that people use, such as weight-loss supplements.Skill Building
Health MLMs often offer training how to sell and build confidence.Encouragement
Many IBOs like being part of a group that helps each other.
Cons of Being a Health MLM IBO
Initial Fees
Most MLMs need you to buy a starter kit, which can be priced at $100 to $1,000. You may also have to meet sales quotas.Recruitment Pressure
While selling goods is important, MLMs often focus more on building a team. This can feel stressful for some people.Low Earnings
Many MLMs publish that only a few people earn big money. Most IBOs earn small amounts compared to their effort.Competition
With a ton of people selling the same items, it can be challenging to find customers.Criticism
MLMs sometimes have bad press, and health MLMs in particular are criticized for overhyping results.
Tips for Doing Well as a Health MLM IBO
If you want to join being an IBO, here are some unlock the guide tips to help you succeed:
Pick the Right Company
Learn about different MLMs and select one with quality products.Sell First, Recruit Second
Stay away from just recruiting. Building a list of clients can be more reliable.Be Honest with Yourself
Understand that MLM success takes time and won’t make you rich overnight.Grow Your Network Online
Share your product experiences on Instagram to reach more people.Learn Constantly
Take classes and listen to podcasts about business.Be Honest
Don’t pressure people. Be clear about what it requires.
Is Being a Health MLM IBO A Good Idea?
Joining a health MLM can be exciting if you are passionate about health and can handle networking. But it’s also important to be aware of the downsides.
Ask yourself:
- Do I trust the products I’ll sell?
- Am I comfortable with recruiting people?
- Can I afford the start-up costs?
- Do I have the energy to make it work?
Final Thoughts
Health MLMs provide a chance to start a business while promoting health. But success takes time, and it’s something to think about carefully. Do your research, ask people who have done it, and make the choice that fits you.