Multi-level marketing (MLM), also called network marketing or pyramid selling,][4 is a controversialmarketing strategy for the sale of products or services where the revenue of the MLM company is derived from a non-salaried workforce selling the company’s products or services. In contrast, the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system. An MLM strategy may be an illegal pyramid scheme.
Multi-level Marketing (MLM) Companies
Multi-level marketing (MLM) companies use a network of independent distributors to sell products directly to people in the community.
Examples that most people think of when they hear about MLM companies include Avon and Mary K Cosmetics.
If you become a distributor for one of these companies, you will profit from selling the product.
But the real way to make money is by recruiting a network of distributors who also sell the product, called your downline.
You earn commissions on sales made by distributors in your downline. To make money in MLM, you have to know how to sell your product and build your downline.
About one in thirteen adults (18+) have participated in at least one multi-level marketing (MLM), sometimes referred to as direct sales or network marketing, during their lifetime, according to the AARP Foundation.
But do these people make money doing multi-level marketing? What’s the actual likelihood of MLM success?
It is possible to make money with MLM; however, we believe it is highly improbable. It is stated in a free e-book, ‘Multi-Level Marketing Unmasked, by Jon Taylor found that 99.7% of people will lose money in network marketing.
Multi-level marketing (MLM) is mostly about recruiting
Multi-level marketing (MLM) is mostly about recruiting; that’s how most companies teach you to build your business by recruiting everyone you know.
And this is one of the reasons, so many aspiring network marketers fail.
The AARP Foundation’s study found that 44% of participants dropped out after less than one year of working with an MLM Taylor’s research shows similar numbers and goes into a little more depth on dropout rates:
A minimum of 50% of MLM representatives drops out in the first year.
A minimum of 90% of representatives leaves within five years.
By year 10, only those at or near the top have not dropped out—which means at least 95% of representatives have dropped out.
These numbers don’t go well when comparing them to the average failure rates of small businesses.
MLM participants earned less than $100 per year before expenses.
According to the U.S. Small Business Administration, about 20% of small businesses don’t make it past a year, about 50% of the last five years or longer, and about a third make it past ten years.
According to the Washington Post survey, 60% of MLM participants earned less than $100 per year before expenses.
The Post, in their conclusion, found that most participants could earn significantly more money in exchange for a lot less time and money invested if they were employed in a minimum wage job.
The same study from the Washington Post found that 1/3 of MLM members admitted to borrowing money to fund their MLM side hustle.
Make Money Online
I know a lot of persons, want to make extra money and are driven to MLM’s I was one of these people. There are many ways to make extra money,
Making money online is an excellent way; with the advance of technology, it has become one of the preferred ways to earn.
This may sound like an impossible dream, but in today’s world, it isn’t. I know quite a few people who are earning good money online from their websites,
With all the ways to make money online, Affiliate marketing is the one I favor most; not only will you be able to earn an active income, but Affiliate marketing also has the potential of becoming a passive income earner.
It is easy to start an affiliate marketing business; it costs very little to start; you can start for free in some cases.
Affiliate marketing is an advertising model in which a company compensates third-party publishers to generate traffic or leads to the company’s products and services. The third-party publishers are affiliates, and the commission fee incentivizes them to find ways to promote the company.
And you can learn about affiliate marketing in ten lessons for free, and the good thing is that you will have your business site up and running at the end of these free lessons.
Affiliate marketing is an advertising model in which a company compensates third-party publishers to generate traffic or leads to the company’s products and services.
The third-party publishers are affiliates, and the commission fee incentivizes them to find ways to promote the company.
If all this is new to you, and you are not sure you know how to do affiliate marketing.
There are a lot of affiliate marketing courses advertised online, so choosing the right one is important.
You will need a course that will allow you the freedom to go at your own pace while providing you with all that is needed to be a successful affiliate marketer.
There are certain things that I think are important that a training platform should offer.
If you are wondering just what to look for in a training platform, here are my thoughts.
I think there should be some basic things that you will need in an affiliate training program
A place where you can learn as you go
A beginner-friendly and online approach
An active community With people who have already achieved results
Mentoring is provided as I advance in my training.
And there some questions that need to be answered before you make your decision
1. Do they offer a free trial?
Without the free trial, I probably would not have started my online business. I had spent money on different programs that did not work for me and I decided I would not spend any more money until I was sure it was what I wanted.
Sometimes it can be difficult to compare courses as there are different pricing models, eg. yearly payments, or monthly payments.
If you are new to affiliate marketing I think you would be better off going with the monthly payment rather than a one-time payment of a large amount of money
Should you decide not to continue with the program you will not lose a large amount of money.
3. What’s included?
It’s important to know what your future expenses will be. Is hosting included? Is there a keyword tool or other learning materials like Webinars & Other Materials?
4. Is support provided?
Is Support & Coaching easily available
Being able to get help quickly is very important when you are learning to build an online business.
There is little doubt You will have questions at some stage, and you will want to get reliable information.
Wealthy Affiliate has a very active community that is always willing to help. And coaches can be reached through their page.
5. Not a get rich quick scheme
Affiliate Marketing is not a successful overnight business. It is going to take time and hard work. So if you are looking for quick cash affiliate marketing is not for you.
Speaking from experience there will be times you will have to overcome moments of doubt, but never give up.
I am inviting you to have a look at the platform that I am a part of. Wealthy Affiliate,
You can operate in any market you wish! – even your hobbies & passions!
Earn a full-time income & more!. No limit to your earning potential!.
The free lessons have 1 level with 10 lessons at the end of these 10 lessons you will have a website up and ready for business.
Here is a video of one of the lessons offered in the free package.
You will learn the process of creating a successful business online.
A Quick Look at How YOU Will Be Creating Success.
Success online is very simple at its core. There is a 4-step business building process that you are going to be learning here at Wealthy Affiliate. Here is a quick diagram breaking down the process.
Broken, down, the process looks like this:
Step 1: Choose an Interest. This can be anything at all, any interest, passion, or even something you have no personal experience with.
Step 2: Build a Website. Your website is your foundation and we have the most sophisticated and feature-rich website and hosting platform here at Wealthy Affiliate.
Step 3: Attract Visitors. You are going to be learning all about how to get traffic and visitors to your website. The first focus is a FREE traffic and there is A LOT of it out there.
Step 4: Earn Revenue. Once you have people on your site and traffic, you can earn revenue. There are over 50 ways you can monetize traffic online, and over 550 MILLION products/services that you can promote as an affiliate.
Should like what you have seen and experience with your free membership you may decide to go for the premium membership,
There are much more information and tools offered in this membership, I would suggest you go to this level if you want to build an online business.
Here is the difference between both membership., you can see the advantages of going premium.
Anyone can be an affiliate marketer, you can start off part-time until you have built your business into a thriving income earner.
Once you have a website there will be opportunities for other streams of income open up to you,
No one is exempt from affiliate marketing, it is for anyone,
Stay at home moms or dads
Anyone that needs to earn some extra money
People that don’t like their current jobs
People who want to earn money from their hobbies or passions
Bloggers who want to earn some money from their blogs
Students either while studying or after graduating
Retired people who want to earn to supplement their pensions
People who want to learn how to build a WordPress website
Local business owners who want to start a website or improve their online presence
Anyone looking for fast and reliable hosting with the best support I’ve ever seen
People who want to learn how to make money online in an honest way
And many more.
The lessons are given by video, you have the opportunity of going over the lessons as often as you need to.
At Wealthy Affiliate, you will be taught through live videos and webinars how to build your website which takes only 30 seconds, how to find your niche (the topic for your website)it should be something you love, how to draw an audience to your website and much more.
This is not a scam, I know there are a lot of scams on the web but the Wealthy Affiliate is not one of them. Try us for free If it is not for you, just stop, no loss to you but there is no harm in trying.
You can try for free or as one member said he wanted to see everything that was offered in the premium so he started on the monthly which is $49.00
Should you decide to become a member you can do so by clicking on any of the links found on this page,
I will be notified when you do and I will then contact you and I will be your mentor, you will be able to personally message me at any time I will be there to answer your questions.
Thank you for reading this post. I do appreciate it very much. I hope you found it informative and helpful in making your decision.
I know that many of you want to know if Survey sites are legit or scam, and can money be made by doing surveys? I have done surveys myself to earn some extra money, but it was not for me. So I have researched this site and here is what I found.
What is SurveyEveryone?
SurveyEveryOne is a panel that focuses on the US market and seeks the opinions of Americans on various topics.
The panel offers many surveys where members can share their unique insights and experiences on a variety of topics
Cint operates SurveyEveryone is operated and is a well-known survey provider, and the company offers the opportunity to make money by completing surveys.
Taking surveys is the only option through which you can make money.