Multilevel marketing companies, which are also called network marketing companies, direct selling companies or other names, are not a new phenomenon. Companies like Avon, Mary Kay, Herbalife, and other MLMs have been around for a long time. But with the advent of social media, they have acquired a new vigor and profile in this new era of internet marketing.
These MLM companies are defined by their business model, They do not use the traditional storefront method of selling their goods, MLMs sell their goods through”business owners ” who are paid on commission.
MLM is a group of small business owners selling the same product from the same Company. These small business owners are not paid a salary and they consist mainly of stay-at-home parents, college students or part-time workers hoping to make money by selling products such as vitamins and makeup, perfumes to their friends and family.
But just selling products is not enough to make a profit, and “these small business owners” are encouraged to recruit “others to their team referred to these as downline,” a team of people from whose sales they also earn a commission, from which you get a compensation structure. So the more down liners you have on your team the more commission you get.
It is estimated that some 20.5 million people were involved in direct selling in the U.S. in 2016, according to the national trade association for companies the Direct Selling Association, states that products and services are marketed directly to consumers through an independent sales force.
Many direct selling companies use an MLM model, but not all do, Recruits pound the pavement selling everything from candles to essential oils and weight-loss drinks
Proponents of MLMs advertise them as a way to make money without working a regular 9-5 job but in a vast majority of MLM participants make no money at all, and some may even spend more than they earn.
To make any money there is a constant push to sell, sell, sell and this can be hard to do.
So before you sign up with an MLM company, do your research. Here’s what to know before getting involved in an MLM company
Forget the hype do not expect to make much money if any at all An analysis was done of 32 income disclosure statements from direct selling companies, found that 80 percent of people selling their products, grossed less than $1,200 per year before expenses, about half of those “small companies”, made no money at all
.With that information, any income claim that implies that this is a way for someone to gain financial freedom is just false and deceptive
It is noted that nearly three-quarters of people involved in direct selling are “discount customers,” they are buying the products for themselves and not selling them. For that majority, of these people earnings aren’t just small: They’re nonexistent.
While legitimate MLM companies are allowed to operate under the law, experts recommend keeping an eye out for scams
“It is best to always check the Better Business Bureau website … before agreeing to work for any company It will give you a sense of public perception of the company before you make your decision
Look out for claims about earning money for little or no work, requirements to purchase large inventories to start up and requests for payments via cash, wire transfer or money order,
If product sales are not the main source of making money for the MLM company and it solely relies on recruiting people to the company, you may be dealing with a pyramid scheme.
There is a need to carefully look at where the compensation is coming from But sometimes it can be bad financially for the people who sign up to sell for, some companies that are operated legally
The truth is It’s a scam. It’s a pyramid scam, it’s a recruiting scam, and you’ll lose your money,
I know I am speaking for a lot of you including myself we have walked this path before we have in our position products we have bought just to stay active in the company because you never know when that elusive sale will come, and the account has to be kept active,so something is bought by us every month in order to keep the account up to date.
There is a much better way to make a passive income it does not promise to make you rich overnight but it does promise that with dedication, work, and discipline you will be able to make a decent income. I am talking about affiliate marketing.
Affiliate marketing is recommending a product or service to people you know, or come in contact either through a blog or other means and earning a commission when they purchase it (or complete some other action associated with it).
What is a blog?
A blog is a discussion or informational website published on the internet and these discussions can be about anything.
How to start a blog?
I would like to recommend to your Wealthy Affiliate. This is a Company that was started 13 years ago, and during these thirteen years this company has grown in trust and accountability, Wealthy Affiliate is 5 stars rated and also has an A+ rating with BBB.
Wealthy Affiliate now has a membership of over 1,000.000 people form ever walks of life, and you can find a member of every nationality that is represented on the globe.
At Wealthy Affiliate you will not only be taught how to start a blog but how to maintain that blog, you will be given insights how to get ranked and indexed on Google and other search engines you will be given the necessary tools and information to assist you in reaching your goals (No EXPERIENCE NECESSARY) If you can interact on Facebook or other social media you can blog.
You can become a member of Wealthy Affiliate for FREE. (NO COST) and you will be given
- Live Help – First 7 Days
- 2 Websites
- Website Backup
- Beginner Training Course
- Personal Affiliate Blog
- Affiliate Bootcamp Training – Phase 1 Only
- Video Walk-Throughs
- Keyword Research Tool – 30 Searches
- Training Classrooms – 2
- Affiliate Program
- 1-on-1 Coaching – First 7 Day
How long can you remain on the free membership? Well there is no date limit, but I personally would recommend that you upgrade to premium if you really want to run a profitable business especially if you have no experience running an online business
What I did was join for free started my website look around the platform liked what I saw then upgraded to premium and I am so happy that I did.
Before joining Wealthy Affiliate I was a novice I had a couple of social media sites, and I had tried selling stuff online and failed miserably,e but no experience in anything like this. To be honest I never thought I would be able to have a successful website but with training and help from members at Wealthy Affiliate I now have not one but two.
The Wealthy Affiliate family is a community that is helpful and eager to assist the pay it forward attitude is encouraged and maintained here are a couple of comments from members.
Special thanks to all of you here at Wealthy Affiliate, I appreciate you all! I love that I can find so many motivated people who are all on a similar journey helping each other succeed! .(One Year With Wealthy Affiliate!)ColleenF1
I know the next courses will bring my site to its next level and if I need any help I can always count on everybody in this superb community! Like many other guys my age, I used to play video games as a hobby. Those communities are just nothing compared to what WA has to offer. So again, I’m really happy I could replace my old hobby with this wonderful platform that is WA
I love you WA(Vince)
Being a Premium member you will receive
Live Help – Unlimited
- Private Messaging – Unlimited
- 50 Websites
- Website Security Package
- Website Backup
- Beginner Training Course – Full Access 5 phases 50 lessons
- Personal Affiliate Blog
- Affiliate Bootcamp Training – All Phases (7) 70 lessons
- Live Video Classes
- Video Walk-Throughs
- Keyword Research Tool – Unlimited Searches
- Training Classrooms – 2
- Affiliate Program – 2x Higher Payout
- Earn While You Learn
- 1-on-1 Coaching – Unlimited
- Private Access to Webinars
- 24/7/365 Website Support
- Website Feedback Platform
- Website Comment Platform
- Website Analysis
And web hosting is also free there is so much that is being offered as a premium member I think it would be worth your effort in becoming a premium member. And remember you do not have to upgrade right away you can join for free and there is no expiration date no how long you can remain free.
There are many voices calling, telling anyone who will listen how to make mone quick easy, but unfortunately there is no quick and easy way, it takes work, effort dedication and discipline to be a success at any business and having an online business is no different.
Joining us at Wealthy Affiliate you will be given the tools and information, there is a community of fellow members who are willing and able to assist you and encourage you.
There is a host on training videos made by fellow members that will aid you in making it easier to maintain your website. You will have the training videos to go over and over as many times as you would like and best of all you go at your own pace.
You join for FREE and should you decide that this is not for you then you can quit there is no loss to you. The only information that is required is your name and an email address nothing else. So there is no fear of your credit card will be credited or you will be harassed by unwanted phone calls. So you can dip your toes in the water and give it a try.
I really appreciate you stopping by please drop in again anytime. And should you have a question or a comment please leave it below in the space provided and I will reply
NOTE: This post includes affiliate links, which, if clicked on and a product purchased, I get a small commission (with no increase in cost to you).