Wednesday, September 17, 2008

My thoughts on Multi-Level Marketing

Dear Blog,

Multi-Level Marketing or rather MLM for short is a great phenomenom. They make full use of leveraging to earn money and it is a great business to be inside in the first place. However, the downside is it is a human business and you need humans to be inside in order for your business to grow. They will show you their business plan and will never tell you on how it is going to work or never even paint a bigger picture to their prospects.

However, on the downside, it will make you more aggressive to get your friends or relatives into the business. Thus, it will destroy the relationships with friends or even relatives. Your friends and relatives will start avoiding you and spreading bad words about you doing multi-level marketing.

You will need to buy the products at distributor price and sell it off the retail price. Best part is, they claim that it is cheaper than outside market products. After doing market research, I found out that their products are way inferior than outside market products and can be more expensive in contrast to what they claimed.

That is the main reason why I never did multi-level marketing in the end after weighing the pros and cons about the business.

That's all about the entry. See you next time blog :)

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