Do MLM companies work?
First and foremost let me say, There are two kinds of people who I DO NOT want replying to this. People who are promoting an MLM company or people who have only been in one for a couple of weeks. These people generally have very biases opinions.
In any event, my question is pretty simple, "Do MLM companies work? Is it career viable?" Has anyone her actually walked away from one of these companies with 20 times what they put into it? I am not talking about an extra 20 dollars here and there, I'm talking about 500 bucks or more a week.
I look forward to some honest and detailed answers!
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No.
Tom hi
Yes mlm or network marketing does work. I've been doing mlm now for 30 some years. Being that said I have fell flat on my face many times. Did I give up No Way. I kept making mistakes until I figured out some things that worked for me. I've been in the top 5% earners of some companies.Tom it is a lot more them 500 a week my friend. If you or anyone wants help on what would fit you just send me an e-mail to [email protected] in the subject line ask for mlm help.
I am not biased but i have like to put my voice here.
I dont think that MLM is truly a business line. I have gone through lot of search and experiences, took lot of experts advice regarding MLM. Conclusion is if you want to be a real and honest business man, please find a better path. Question is not , how much you are earning money. Question is how you are earning them.
Collecting money from members and showing them as a income is not business.
For example, a pair of shoes say a well known brand has a market price $4500. Now a member of MLM groups comes to you and offer you it for $2500. Sounds good? well, now he insist you to become a member first, pay again $ 50 for membership. Still good...hmm?
ok now you just have to make four members more and you get your pair of shoes. Shoes are delivered to you.
Good? no problem?
This is just one example. there are varieties of MLM. Here if you calculate you have bought shoes for $( 2500+50+ 10000) = $12550. So first you count all this catches and if you conscience says ok , go ahead.
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It can be done....we've all seen the Mary Kay pink Caddy at some point.
But it takes a person with a really special talent to talk up the product to everyone he comes into contact with and not be discouraged tiny conversion ratio.