Is MLM a Scam?
MLM, or Multi-Level Marketing, businesses have gotten a bad rap for being scams. People are promised alot of money in a short period of time, or "sold a dream", and end up getting burned. When this happens, it leaves people wondering if MLM is a scam.
Well, to answer the question, "Is MLM a scam?", the question is no. There are thousands of legit MLM opportunities out there that are worth investing in. However, from time to time, there are MLM scams that arise. It's usually the new company's that are in pre-launch selling a dream, with no tangible products or services being sold.
The two types of MLM scams to look out for are:
1. Pyramid Schemes- when the MLM company emphasize more on bringing in distributors, rather than consumers. And in most cases doesn't have products or services.
2. Ponzi Schemes- when there isn't a product or service being sold, and the money that's being made off new enrollees are used to pay off the guys at the top.
A great way to find out if the MLM company you're considering to join is a scam, call the company. Get phone numbers of distributors, as well as consumers. This will help you get a feel for the company and whether or not they have a product or service that's being sold.
Also, check the company's track record. View over their financial reports. This will help you figure out if the MLM company is a scam or not.
Oh, and don't be fooled by the whole concept that, "you have to get in at the top", or when the company first launches to make any money. That's a total lie. You can make a ton of money with a company that's been around for 25 years.
So, don't fall for that. Or the lie that, "the timing is so right. Get in now!" People use that as an urgency to get you to take fast action. Don't fall for that. Thoroughly review the MLM company you're considering. It'll be well worth it in the long run.
You also need to get with a team that has great training. You need marketing skills in order to grow a successful MLM business. It's not hard to learn marketing. But, it will take some time. MLM is not a lottery ticket. Nor is it a way for you to just get "plugged" in to a system and make a 6 figure income with no work. It will take work.
You have to look at it from a realistic approach. You can, and it is possible, for you to generate thousands of dollars your first few months in a MLM business, but the training has to be good and effective. Oh, and on a side note, making lists of friends and family isn't effective.
Use this information to evaluate the company you're considering joining. And if you're already in a MLM company, re-evaluate your company to be sure that it isn't a scam.
Related Tags: mlm, mlm business, mlm company, multi level marketing, mlm scam, mlm scams
For information and secrets on growing a successful MLM business, visit:
http://www.SucceedEasy.com
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