Hello, I'm new to this site and have read many discussions and see some very valid comments on each side of this discussion.
I have been envolved with MLM for many years and I am involved with a MLM company now. I am not going to spam my company here, but there are a few, sure the percentage is very low, that offer a vaild way of making income.
The products our company sells are sold by many people, where many of those don't do the network marketing side of it, but simply sell products to people they know or even work shows or events selling the products.
The industry is damaged on a regular basis by "networkers" finding another "product" that is the next big thing. These networkers can build a company 50,000+ distributors in a matter of a year with the knowledge that it will collapse in the next 24 months. They know this because they have done it a few times over.
MLM can be a legit business, but jumping into one because you think it is a start up and all these people are going to make you rich is simply a failed practice.
Many MLM's dont really care about the distributors selling the products, but more consuming products on a monthly basis. Companies like Amway or Herbalife simply want distributors purchasing $100-$xxxx/month and find more people to do the same. Eventually, those buying habits will change and gaps appear in the comp plan with paying out distributors.
I believe that if an MLM has a product that can provide multiple income streams, such as retail income, providing a service for income, AND residual income with that product, then it is one that is more on the safe side.
In regards to becoming a salesperson.... Doesn't matter what you do, you must sell something to make money in any form of business period. Money is not exchanged for anything without a sale being made.
I like the site and the discussion seems like a good read in many threads.
I would like to think of myself as a young entrepreneur (27). Haven't got to the thread yet on when young becomes old yet. Is there one?
Thanks,
Boat Guy (I'm into boats

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