Financial Freedom: Is Multi-Level Marketing A Trap Or An Opportunity?
|“I was told I could be bringing in upwards of $100,000 within two years of signing on,” Dave wrote. “I went to hundreds of meetings and when I wasn’t at a meeting I was on the phone. I was recruiting constantly – my extended family started avoiding me. Then all of a sudden, the company went out of business. Here I am with a garage full of expensive products, a couple of thousand dollars on my credit card from buying products to push up to the next level, and a couple of really strained relationships.”|
Dave is one of many, many people who made their upline rich as they struggled to make the promises of an
MLM come true. It is possible for people to make money, but many don’t. If you’re considering signing on, keep these things in mind:
- If you don’t believe in what you’re selling, or your Core Desires didn’t lead you here, you won’t succeed. Direct Sales is an excellent vehicle for attaining financial freedom, but it’s not a free lunch.
- 95-98% of multi-level marketing companies fail within 24 months. If you remember our discussion of start-up businesses, then you know that this is significantly higher than the average. You have to be very careful to associate yourself with a thriving, established firm.
- If you want to succeed, you’ll have to be consistent, persistent, and completely dedicated to recruiting others into your organization.
- Like any other worthwhile investment, direct sales is time consuming. Whether you work at another job or not, plan on committing a minimum of 15 hours per week to your new organization.
Multi-level marketing has a stigma, in large part because so many people sign on but fail to achieve their goals. You may know someone who did just that. You may have yourself. There is tremendous potential for wealth in direct sales, but you have to do your research, have a realistic expectation of what is required, and the willingness to commit yourself fully.
As you make your investment decisions, I’d like to help you sort through all of the information. Success in 5 Minutes a Day will lead you to the wealth that you’ve never thought possible. Join the affordable program Success in 5 Minutes a Day and learn how you can put leveraging to use.