How long does it take to make money in mlm

The opportunity turned out to be a multi-level marketing presentation for a company that provides satellite services and utilities. I could earn money by simply signing up friends and relatives for services they used anyway.

Here are the arguments for and against multi-level marketing. Contrary to what some people think, multi-level marketing is not a pyramid scheme.

4 Ways to Make Money with MLM - wikiHow

In a pyramid scheme, you earn money money by bringing in people underneath you, not by selling a product. Multi-level marketing, sometimes referred to as network marketing, companies typically give you several ways to earn.

You can also use the products yourself and essentially become your own customer. Finally, you can recruit others. Most multi-level marketing companies give you a percentage of whatever sales those underneath you make.

Again, it is not a pyramid scheme, because your earnings are based on the sale of actual products. According to its proponents, if you want to ditch your 9-to-5 job, start your own business or become your own boss, multi-level marketing is one of the cheapest and easiest ways to do so.

What Are the Chances of Making Money at Multi-Level Marketing? | Your Business

Multi-level marketing also has a built-in mentorship program. The people who recruit you have a vested financial interest in seeing you succeed. Not only will those above you help you with presentations and answer questions, but most companies offer regular meetings with your peers to discuss strategies, motivational programs and additional training resources.

With hard work, you can make money, but how much depends on the company you work with and the product. Taylor knows firsthand how multi-level marketing works. After a successful sales career, first selling encyclopedias and then insurance, he decided to give multi-level marketing a try.

Taylor, an industry expert who runs the website MLM-theTruth. But there are other, non-financial reasons to avoid multi-level marketing programs, he says. One is the toll they can take on personal relationships.

Another is the emotional challenge. The FTC provides guidance on how to steer clear of pyramid schemes and fraudulent businesses. What do you think about multi-level marketing? Teresa Bitler is a freelance writer who writes about personal finance, investing and travel. She lives in the Phoenix area with her husband and two children.

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