“I MAKE $5,000.00 A MONTH BY WATCHING TV! LEARN HOW I DO IT BY CALLING….”. That’s a typical network marketing ad. Multi-level Network Marketing programs, also called MLM’s, allow an average person with little money to start his or her own business, without all the headaches and hassles of a business. Usually by paying a simple membership fee, the person joining the MLM can then sell products or memberships to other people, and make a small commission on the products and memberships they sell. MLM’s require you to not only sell a product, but also recruit people to sell the same product, and those people should recruit people to sell the same product, etc. Almost all MLM’s put more emphasis on recruiting more people, than selling the products.
There’s one problem with MLM’s, You will most likely NEVER become rich by joining one! The only people who get rich with an MLM are those who started the MLM. Although there are hundreds, if not thousands, of different type of MLM’s out there, they all pretty much have the same business agenda. First, they you have to pay some sort of start-up fee to be able to sell their products. Second, after paying the fee, you learn that the business is 5% selling products, and 95% recruiting other people to pay a fee to sell products. Third, they suggest buying your own products to get a commission.
The only way you can get rich with MLM’s, is by starting your own. Now there are a few benefits of being in an MLM. You do get some tax breaks, and you’ll also meet some new people, but that’s about it. If you’ve ever read Rich Dad Poor Dad
To Recap: You will never become rich by joining an MLM. You can only become rich by starting your own.
