20% Of The World’s Millionaires Are From MLM
March 24, 2008 | By Monika Mundell |
This sounds cool, doesn’t it. But in reality it looks like a ton of rubbish, instigated by fraudulent people claiming this to be true. If you read the following article written by Zac Bissonnette of ValletPop, you will soon see where this all leads…Work from home with MLM isn’t as rosy as it used to be.
Back to the same old, same old where in reality only those who manage to get in early in any MLM make serious money. If we think about this long enough, it even makes sense.
In the beginning there is a need for a product or service which is then covered by a new MLM company’s launch. These guys do some serious market research to find out exact demographics and indulge into number crunching exercises to drill down into the all important profits.
As the company grows and new distributors enter the system, more and more competition will make the potential market a lot smaller and the sound of money in your MLM gets a lot less noisy.
Yes, I know for some people this isn’t an issue at all. In some ways they are even right, but when the growth is huge and the company is getting a few years run, it does get harder every day to compete with all the others out there.
Some markets simply aren’t big enough anymore and stagnancy settles in. In that case only the really determined and focused grow their business. Everybody else is left stranded wondering what had happened to them?
If you are new to MLM you can also read 12 Tips for MLM Newbies.
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In any type of business there are always a fair share of scumbags who goes all out to make money unethically. These are the people that tarnish the name of the MLM industry.
In your industry, I am pretty sure that there are lots of these f@#ing scumbags to.
It’s about integrity in what you do, in business, in politics and in life.
@ Ronald: well said. This is unfortunately often the case. Unless people are honest they will ruin many others along the way.
The secret is to ask questions and do our own research.