Much have been said about multi-level marketing (MLM) of he online variety. While a lot of people claim that it is a marvelous way of earning an income in the World Wide Web, an equal number of people condemn it for so many reasons that are borne from the fears they have with something as seemingly novel as online MLM programs.
Which of these fears are true, and which are false? A closer study on some of the issues raised against online MLM programs will reveal the truth behind the subject.
- Online MLM is a “get rich quick” scheme. It is not. You will have to invest some time and effort to achieve the highest possible success in this field. Online MLM will not gain for you some passive income, at least not immediately. You will have to develop your network and fill it up with dedicated individuals from whose efforts you will earn lower tiered commissions.
- Online MLM is a pyramid scheme. It is not. Online MLM is a creative kind of direct selling. Basically, a person is a customer of the MLM program, though unlike other setups, he is given the opportunity to earn because of his purchase.
- Online MLM is illegal. It is not. If online MLM is illegal, direct selling should likewise be considered as unlawful. Online MLM, after all, is a form of direct selling by its very nature.
- Online MLM is just as unstable as any pyramid scheme. This is a falsity. Pyramid schemes fail because they don’t have capital to rely on. They depend on the money they could derive from the multi-tiered “investors.” Online MLM is based on real products that are actually sold to consumers. There is a real economy involved, hence ensuring the strength of the legs that support this kind of system.
- Online MLM requires recruiting. It does not. The term “recruiting” is quite misleading. You just have to pre-sell the MLM program’s products to earn some commissions. Consequently, the people you manage to refer will become members of your down line, and if they decide to pursue the earning opportunities presented by the MLM program itself, you could also earn from their activities.
- Online MLM requires steep financial investments. This is partly true, though the adjective “steep” is quite relative, as well as questionable. You will have to purchase a package prepared by the MLM program. But this is a condition precedent to the earning opportunities that you will gain access to. Consider it as your enrollment fee. The price of these packages vary, nonetheless, it’s a onetime fee which you are sure to recoup after referring three or more sales.
- Online MLM is just a fad. Multi-level marketing has been practiced by many enterprises since the 60’s. With the advent of the internet, an online variety is but the logical evolution of this strategy. Surely, something that has become a popular sales technique for such a long time cannot be considered as a mere fad.
- Online MLM programs are scams. Though some fraudulent companies use MLM programs to hide their devious schemes, most MLM programs are legit. The responsibility to determine credible MLM programs from dishonest ones would lie on the shoulders of the enrollee. Due diligence is required before committing to any undertaking, after all.
Online MLM programs offer great opportunities for amazing income which you could savor and enjoy. Hesitations, of course, are always healthy in endeavors like this. But try to investigate on your fears and you’ll discover that online MLM programs are safe investments that hold so much promise.
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{ 16 comments… read them below or add one }
MLM no doubt one the fastest ways of making money both online and ofline.While in the longrun is beneficial as residual income.However, is being rejected by some people due to religious beliefs. This why when you are
out there you come across questions like ” what exactly are you selling? spending other people’s money is a sin. I am not computer literate.Thatnot withstanding, with time it will take over direct marketing.
Having said that is referral programme a form of MLM
Please, enlighten me. Thanks keep up your good work
Dupsy,
Successful mlm have good products behind them. However, there are some money ‘cycling’ programs that can’t be able to tell you what exactly where they are promoting.
Referral programmes are not mlm. In referral program you often get paid based on customer performance. Something like direct commission. Actually is more than that. Will explain more in subsequent articles.
Lateef
I feel I should contribute my tupence here.
Nice article by the way.
MLM or multi level marketing simply means you market a companies product and you get paid on the efforts of other marketers marketing the same product.
A referral program can be termed mlm if you are paid for refering customers to a a company and also enroling other marketers on whose effort you earn a commission.
I have been in the network marketing/mlm industry for about 6 years and made thousands of pounds however it is not an easy business and most people who get involved have this false hope of hitting it big quickly.
Realistically you need to spend the first year at least doing two things
1. Networking both online and offline and
2. Learning how to market, again both online and offline.
Mentorship will accelerate your growth. If you can find a good mentor and are in it for the long haul, then you are on your way to network marketing success.
I’ll look out for your success story.
DJ Sobanjo
http://www.itsmyniche.com/freecourse
wow! iam yet to find an MLM programme that will beat a popular product like the gsm.
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let me know the fastest network MLMs to join
Let me know more about this MLM the major benefit on it.
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Hello Azeez,
Multi Level Marketing is a business model that enables u get a product which must be unique and be able to serve the need of people, to them by what is called word of mouth advertising. you get the product direct from the company and reach the final consumer while the company pays you commissions and bonuses for the work .
So invariably the money that wold have been spent on Advertisement and they are usually collosal would be paid to you and other distributors you bring.
BENEFITS
You are able to build a huge business through the people you bring in to the business as associates
you make a lot of money through this means over a period of time realistically years
you earn wht is referred to as residual income which allows u earn out of the business when you are not completely active in it .
You earn your freedom to pursue other GoALS or DREAMS you have.
JOIN TO BE ONE AMONG THE FIRST MEMBERS.
SUNSHINE.
grace.powerplus@gmail.com
best regards
When you combine the High-Touch of Network Marketing with the High-Tech of the Internet, Network Marketing just might be the most perfect business of all…
DEAR FRIEND,
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Dear MLM Networkers,
If u have been doing MLM for 3 years and ur still not getting your car and house and ur passive income, then u r not in the right MLM co. EDMARK Int’l (www.edmarker.com) will open its 63rd branch in Lagos on June 2009. Anybdy who has a large group and wants another car & house fund may be given a free membership. Respond to my email and u may receive your free membership package before the Lagos branch opens.
FERDINAND
ferdie6531@yahoo.com
It is true that some people have benefited from MLM in the past, some others have also lost by joining the bad ones, I will recomend due dilligence before joining any MLM, read through reviews etc b/4 making your decision
Hi, guys, i just wonna say a big Thank you to this. NM is definitely the Easiest and most sure way to becoming a Big B Billionaire . However, like we have rightly read up here, its not a get rich quick scheme, neither is it a gamble. NM does not work on its own as people are looking for what works. The truth is that you are the person to make it work . I have been in this industry for over 7 years now . i did not make all the millions as i started. But i saw great potential in it and so, i stayed long in it. Fortunately for me, i’m that guy that made over $ 1 Million in 5 months and built a team of over 80,000 people in 5 months around the world. NM Works simple. Well, i’m gonna also use this medium to invite you guys to join my team in the newly launched Smart Discount Club. My sponsor name is : smartmoney. Website: http://www.smartdiscountclub.com/smartmoney
You can add me to your skype if you use skype . My i.d is : smart2gold or you ad me to your yahoo messenger as smartalozie