WHATS YOUR PLAN B?
MLM works and is the vehicle relosnsibpe for helping many people on the road to find financial independence, typically within 2-5 years.There is, however, much confusion and misunderstanding concerning this business model. A pyramid scheme has no real product so commissions are based on bringing new people into the scheme who in turn also bring new people into the scheme. It’s usually the people at the top that get the most while those at the bottom get very little. Eventually all pyramid schemes collapse because there is no real product being sold.MLM, on the other hand, usually has a very real product that is sold either by retail or through members personal purchases (usually both). Members are encouraged to build a network of distributors to market the product.In MLM you can earn more than those at the top if you apply some effort.In a pyramid scheme you can never earn more than those above you, so when investigating an MLM company see if you can find out if there are people earning more than their sponsors, (this is the crucial test to weed out pyramid schemes)
This is a good question that many pepole including myself have asked. MLM is a business model that has been around for over 40 years. Some pepole and companies have abused this model by creating pyramid schemes out of greed to scam pepole out of their money. MLM works which is exactly why scam artists have abused MLM.I have an open discussion that I’m interested in hearing others’ opinions:
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