Starting with a health MLM as an Independent Business Owner (IBO) can seem like a great way to start a side hustle. Many companies in the health and wellness field sell products like supplements, beauty items, or fitness plans. But is it really the smart decision? Let’s look at what it’s like to become as a health MLM IBO.
What Does a Health MLM IBO Do?
As an independent seller, your job is to sell products and recruit people. You can earn income in two ways:
- Selling Products – You get a commission for each product you sell to clients.
- Recruiting a Team – If you sign up others, you can earn bonuses when they make sales.
Good Things of Joining a Health MLM
Set Your Own Hours
Being an IBO lets you work when and where you want. It’s great for people who have kids.Residual Income
If you build a strong team, you can get paid from their sales even when you’re not active.Popular Products
Many health MLMs sell products that people use, such as organic products.Skill Building
Health MLMs usually offer training how to manage customers and grow your skills.Teamwork
Many IBOs enjoy being part of a group that celebrates success.
Downsides of Being a Health MLM IBO
Upfront Expenses
Most MLMs ask for you to buy a starter kit, which can range from $100 to $1,000. You may also have to meet sales quotas.Focus on Signing People Up
While selling products pays you, MLMs often focus more on building a team. This can feel uncomfortable for some people.Low Earnings
Many MLMs show that only a few people earn big money. Most IBOs earn small amounts compared to their investment.Too Many Sellers
With lots of people selling the same products, it can be challenging to find customers.Criticism
MLMs often get bad press, and health MLMs in particular sometimes face claims of overhyping results.
Tips for Thriving as a Health MLM IBO
If you want to join being an IBO, here are some tips to do your best:
Pick the Right Company
Research different MLMs and select one with good reviews.Sell First, Recruit Second
Avoid focusing only on recruiting. Building a group of buyers can bring steady income.Be Honest with Yourself
Understand that MLM success requires effort and won’t happen quickly.Grow Your Network Online
Share your product experiences on TikTok to reach more people.Stay Educated
Take classes and read books about sales.Stay Ethical
Don’t pressure people. Be truthful about what it involves.
Is Being a Health MLM IBO Right for You?
Becoming part of a health MLM can see the full scope be rewarding if you love wellness and don’t mind recruiting. But it’s also important to understand the challenges.
Ask yourself:
- Do I trust the things I’ll sell?
- Am I ready with recruiting people?
- Can I afford the start-up costs?
- Do I have the commitment to make it work?
Conclusion
Health MLMs offer a chance to become independent while promoting health. But achieving your goals takes effort, and it’s a challenge. Do your research, ask people who have experience, and make the choice that fits you.