2007-11-04 19:34:23 · 2 answers · asked by Anonymous in Business & Finance ➔ Small Business
Yes, a few people do end up getting rich from them while the majority just end up throwing their money away.
Chances are if you try one of them that you'll be in the majority that loses money (not the minority that wins big). The economics of MLMs just don't work out very well for most of the people who end up joining them.
2007-11-04 19:57:41 · answer #1 · answered by bestonnet_00 7 · 0⤊ 0⤋
To be successfuly, you have to know what you are doing. You have to treat it as a business and 97%, do not know how to do this.
That is why 97% fail. The MLM companies and reps make you think they are teaching you how to run it as a true business, but they don't. They get people to talk to their friends and family.
What pizza shop owner went to all of his friends and family telling them they have to come to his shop and pay full price so that he can stay in business? 0.
Hopefully he set up shop so people can find him. That is the key that I have unlocked. Getting people to find me, or you.
2007-11-05 15:15:27 · answer #2 · answered by Anonymous · 0⤊ 1⤋