MLM - Sure Thing or Scam?
Be your own boss! Set your own schedule. Retire Early! Whodoesn't want that, right? Multi-level Marketing has been praisedfor allowing financial freedom; and it's been criticized forbeing a big scam. As with any business venture, it's buyerbeware. Do your homework first. Both sides agree; it takeswork. If anyone tries to tell you that it's easy money, there'sso such thing. Also as with any new endeavor, you will need tomake an initial investment. It takes money to make money. Belowoutlines the two schools of thought. You be the judge.
Some of the comments in favor of MLM include: "Donald Trump wasasked on the Tonight Show, if he had to start all over fromscratch what he would do - His answer...MLM". And yet anothersatisfied participant, "It is a wonderful combination of beingyour own boss and being mentored. It has a support system builtright in and usually pretty neat products! I was involved with[company] for a while and the people were fabulous, products weregreat and the system of support was wonderful to have. I hear thesame is true for many network marketing direct sales companies! Ithink MLM companies are great!"
Conversely, those who didn't speak as highly include: "You onlymake money when you have lots of people under you. You spend alot to stay in each month. I was required to spend more than Ineeded or could afford each month, so I had to quit. Seems to methe ones who do well are ones who can afford to really spend andhave contacts already who have money they can spend as well. Then they in turn have contacts of their own that are the same. A lot of MLMs out there say you can make $X each month, buthonestly there are few and far between who are really doing it. They hook those who want to work at home and need the money-onlyto lose them after they're more broke than they started." Continued another disgruntled former MLMer, "Unfortunately toomany try to convince you that it is so easy. If it were so easy,everyone would be doing it. I have been in several different MLMcompanies and have experienced constant changes in thecompensation plan. As we all know, the compensation plan is whatgets our attention."
So there you have it, both sides of the coin. All would concurthat Multi-Level Marketing is not for everyone. But that's whythere are so many different flavors of ice cream. There truly issomething for everyone. All in all, the bottom line is thereneeds to be passion and drive to make your business work,regardless if it is MLM or more traditional sole proprietorshipor corporation. If money is your only motivator it will likelyfail. You need to believe in your product or service or you cansimply plan on failing.
Do your due diligence when researching various opportunities.
Brennan Howe is the owner of
http://www.opportunity4all.net - Intenet Opportunities for the Average Person. Sign up toreceive a 10 part internet marketing course and free downloads.
