Is MLM A Scam?

In my last post I asked the question is MLM a scam? Most people would say it is because let’s face it; there are a lot of not so honest people out there in MLM. This unfortunate reason makes it hard for the people who do run a legitimate business and not a Pyramid Scheme. Within a pyramid scam, you cannot make more money than the people above you. In other words, you cannot make more money than the person who introduced and only the people at the top actually make money. This is not true with a Network Marketing company. The plain truth is that it’s work and not a get rich quick scheme. Most who fail at MLM don’t plan to fail they fail to plan. There is no guidance or leadership in most MLM’s. You sign up, are told the sky is the limit, you buy the product and pretty much you are on your own. This is NOT the way to run any business.

The other challenge I see is commitment: most network marketers fail after 90 days. Let me ask you this: how long did you go to college or high school? So why not give your home based business that same commitment? Seek out advice and do your research and ask questions. If you are considering starting a home based business, and a lot of people are in this economy; you need to be Teachable, motivated, and have the burning desire to succeed. You will need a Mentor, someone to guide you and prevent you from making the mistakes others have made and not become one of the statistics. Let your Mentor teach and you be the student and watch amazing things happen. Not all MLM’s offer mentoring or coaching. More on my next post.