Many people now-a-day are regarding Multi Level Marketing (or MLM) as a scam. However, others are thinking that it is a great home based business opportunity. Many people say that the MLM companies always tell lie and skim out profit by making fool out of us.
Are these allegations baseless? Would you like starting a home based business on MLM? Is MLM at all a home based business opportunity?
Let us discuss on these points to clear the air.
The first point is that there are many scam companies out there in the MLM market. It is very easy to start a scam company and this is the sole reason that so many Multi Level Marketing companies have shut down. There are still many scammers roaming in the MLM industry and they are so cunning that it becomes almost impossible to identify them.
Thus, it is always advisable to perform proper research on a particular company before opting it as your Multi Level Marketing company. However, now-a-day it has become very easy to identify those scam MLM companies because you can find so many reviews about the company in the search engines. If you perform a search in a reputed search engine (say, Google or Bing) with a particular name of a Multi Level Marketing company then there are high chances of getting authentic reviews about that company. If you find anything negative written about them then don’t opt the service of that company. However, this should be borne in mind that there are numerous fake reviews posted in various sites. These fake reviews are generally written by the rival companies of the MLM company. Hence, it depends on the customer to make proper discretion, before going for Multi Level Marketing.
The picture is not at all gloomy. There are many such companies who are legitimate and perform business ethically. These ethical companies have created their own niche in the market and consequently have become global in scope as well as reach. The greatest part of these highly reputed MLM companies is that they have made many people rich. Many others are leading a comfortable life by doing Multi Level Marketing through these reputed and global companies.
Now, the obvious question that crops up in our mind is: Are all people who participate in MLM become rich / succeed? The answer is quite obvious and that is ‘No’. People who are skeptical about this industry always point out that most of the people don’t succeed in this and only a few people become rich. This phenomenon is very natural. Let me ask you one question: Does every single person in this world become successful in business? The answer is ‘No’. MLM is also an industry where everyone doesn’t become successful. Hard working people having great marketing and convincing skills succeed in this home based business opportunity.
However, let me emphasize here that the success ratio of people involved in Multi Level Marketing is much higher than those in other industry. Thus, we can definitely regard this business as a viable home based business opportunity and starting a home based business on MLM is not at all a problem.