Xelr8 was founded in 2006. When they first launched their was a frenzy for their amazing nutritional products. Many professional athletes and consumers alike were enjoying something that was good and healthy for them. Distributors across the globe were signing up for their amazing business opportunity. Xelr8 four years ago was literally emerging as one of the premiere companies in network marketing.
Unfortunately, what was great then and sustainable for over 4 years has finally come to an end. Xelr8 has announced they are seeking and alternative business model, and will be terminating their distributors. This is the nature of the beast sometimes in network marketing companies come and go. They seek alternatives its just business, but where does that leave you?
Some who work hard build a massive team over the last 4 years to lose their income and downline in the matter of seconds. Well I’m going to teach you some important lessons so you will never have to worry about experiencing this in your MLM career.
How To Avoid Losing Your MLM Business Overnight…
I been in the industry for a few years now and seen this sought of thing happen before. There are some key concepts that if you implement in your business you will always be in control, and don’t lose your shirt so to speak. What you want to do in your business is create a “You Inc” concept. What does this mean you ask? Well it starts with realizes your more than a glorified sales rep for a company. You are a visionary an entrepreneur.
You must brand yourself never your company. I see so many people brand their companies. When you do this and never get your name out there in the industry, it will be you basically having to start from scratch with a new company, if your old one closes its doors. So Branding is very important.
Another critical element is building a list. Your real business relies in your list, leads and prospect you built over time. By building a list you’re able to build relationships with thousands of people on autopilot. This is key because if you have a big responsive list, you could easily build another network marketing company in days. So what happened in Xelr8 would never really affect you, like thousands of Xelr8 distributors were affected.
In your business you want to have other streams of income. I don’t mean another network marketing company. There a lot of affiliate programs that can be beneficial for yourself, your team and other network marketers. This way your income is not solely depended upon one network marketing company. If you implement these critical concepts into your business it would be impossible to lose your business overnight. Xelr8 closing is a prime example of the phrase “Never Put All Your Eggs in One Basket“.