MLM or Multi Level Marketing sounds familiar to many people. If you are amongst many thousands of people who are looking for an opportunity to make money working from home, you probably have heard of MLM (Multi Level Marketing) at least once or twice.
But have you ever thought about starting your own home based business based on network marketing?.. Or are you one of those who have gotten the wrong impression that MLM is nothing more than a big scam, and it will not help you to make money in any way, form or shape?…
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Either way, lets dig deeper and see why you may want to rethink that and maybe start a home based business of your own, based on Multi Level Marketing.
What is MLM marketing?
MLM is based on creating a down-line of distributors and a hierarchy of multiple levels of compensation in the form of a pyramid.
While MLM has had many rough years of being confused with the infamous illegal pyramid games and chain letters, which has led many to believe MLM is another big scam, it has enjoyed a huge increase in popularity in resent years, thanks to many big and small successful Multi Level Marketing companies that are popping up all over the world. Which has made many people to take a look at it once more as a possible candidate for a home based business.
Multi Level Marketing is legal and not a pyramid scam
Contrary to popular belief, Multi Level Marketing is completely legal and lawful, and it is not a scam. It’s a legit online business. It’s actually one of the few business models that has proven to be powerfully effective. A simple research on the success rate of MLM will revile many small, medium, and large size companies who’s foundation was built on the idea of network marketing.
The benefits of network marketing
The biggest and most obvious benefit of joining a Multi Level Marketing system is the opportunity to reach more potential customers, as you will be working with group of people who are not only your partners but also your customers. So, the bigger your network gets, the more money you make.
It is simply a matter of turning a customer/partner to hundreds of thousand of customers/partners since each new member will bring many other new members who then will bring more new members and it goes on and on, until it reaches the maximum capacity.
This inter-web like connected structure allows you to make large sums of money by taking advantage of this large network of like-minded people. Of course, like any other business, a huge part of your failure or success, rest on the shoulders of the product or service you are selling and the quality of it. Joining a network that offers a fresh and on high demand product along with a good compensation plan, contributes greatly on how much money you can earn.
MLM has evolved
In the old days of MLM, a not so very well thought generation of network marketers, would rely heavily on their close relatives and friends for making a list that could be used for gaining more members.
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Of course, it was not very successful due to the fact that many family members who simply thought they were being taking advantage of, would reject the invitation. That led to a not very positive view of MLM in general.
But with the Internet and specially the mass social networking revolution coming into play, everything has changed. A network marketer can instantly connect and recruit hundreds of new members who are actively seeking such opportunities and will be thankful to you for giving them such an opportunity. No longer you have to go thorough the painful and uncomfortable process of recruiting not so interested family members, which in many cases would have profound effect on your relationships.
The Internet has indeed change the way MLM works for the better. It is no longer necessary to spend long hours to write letters or make videos for your pitch for each and every person you want to get the message to. Internet has given us many great tools to speed up the process and be more efficient.
If you were thinking about Multi Level Marketing as a home based business to allow you to make the money you have always wanted, or perhaps just want to have an extra income stream, you may want to consider MLM and you might very well be the next big successful network marketer who makes a great income working from home.