I was in one before and i think it's a business not for the risk takers .. this business are meant for people who want security in life .. and i dont acknowledge them as entreprenuer ..
It's a low risk business for people who are too afraid to lose their day jobs to take chances in life ...
Im not being negative but some MLM people kept asking me why i wont continue after reaching so far ..the answer is simple.. if i want to achieve a succesful business...i want it to be my business which i think and developed on my own, creating my own system.... and again MLM is not the only options to create money .... peace! that's my point of view..what do you guys think?
2006-10-27 06:53:27 · 9 answers · asked by Daniel 2 in Business & Finance ➔ Small Business
MLM or Multilevel marketing, aka network marketing can be a good business or a horrible business depending on lots of factors.
I knew of people making $500,000 a month back in the 80's for a company that is still around. I can only imagine their income now. Still, most people do not make much at all. Why?
First. The selection of the right company is critical. The products must be excellent and not overpriced. The company should be legal and set up for long term growth. There is no use building a large downline in a company that will simply disappear one day.
Second. Despite the low startup costs, MLM is a business at takes lots of work and money to make it work. Yes.. you must invest both time and money to attract downline. The money is used for advertising and recruiting.
Third. You must use the product and believe in the product/s enough to recommend them to friends. If you don't believe the product is a good value, then keep looking. Repeat sales are where the money is and if customers can get it cheaper somewhere else, they will. One time sales are not what you want.
Forth. The real money in MLM is being the first in a new stable company, or in owning the MLM yourself. That might be a taboo statement, but I believe it accurate.
Where I live I see multi-million dollar buildings built by MLM companies. I see Ferarri's , BMW's, and Mercedes autos parked near them. MLM makes money, LOTS of money. You just have to be in the right position to collect.
2006-10-27 13:02:24 · answer #1 · answered by OnlineMLM 1 · 1⤊ 0⤋
MLM is not a scam. A company and its personne maybe. MLM is people with products business. Minus distribution channels, it is direct to the nsumer. Minus advertising it is word of mouth. As a member distributor,,,, how many distributors can you create. You get paid accordg to efforts, time spent and leadership quality. Are there rauds in MLM? Yes there are living off the gullibles. Frauds exist everywhere. MLM is an excellent platform for business beginners to learn from. MLM is here to stay and there are many that cam about before we were born and will be ound whenwe a gone.
2016-11-04 20:58:14 · answer #2 · answered by ? 1 · 0⤊ 0⤋
I don't like MLM because I was conned thrice. Success rate is only 3%. Given up and closed my door to MLM
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2006-10-27 06:58:00 · answer #3 · answered by Adsense$Profits? 3 · 0⤊ 0⤋
the result will tell you if MLM is for you or not. You can see people who succeed in this and you see that some are not. always remember that coins have two faces. In business or endeavor you can see yourself where you at, the head or the tail. Its your choice.
2006-10-27 07:01:32 · answer #4 · answered by Anonymous · 0⤊ 0⤋
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2006-10-27 15:31:32 · answer #6 · answered by PJ 1 · 0⤊ 0⤋
using fact human beings do unlike what they might desire to do for the rewards of multi level marketing. As a multi level marketing marketer you're able to desire to flow out and prospect leads, in case you initiate including your pals and family contributors then they get aggravated with you. infrequently are you rewarded for certainly advertising a product, in particular you're rewarded for signing up yet another revenues guy or woman. who's asked to hitch salespeople. The requirement to spend money to make money. infrequently are products ever fronted to the multi level marketing salesclerk. in short maximum persons do no longer locate it helpful interior the top to sell a severe stress revenues corporation a itemizing of their pals.
2016-11-25 23:31:49 · answer #7 · answered by ? 4 · 0⤊ 0⤋
it only works if all participate and that hardly happens.. thus it's a scam and malfunctions as any opportunity.
scam's aren't always born.. sometimes they're created by output.
if it doesn't work.. it just doesn't work.
2006-10-27 07:01:20 · answer #8 · answered by Anonymous · 0⤊ 1⤋