MLM, or multi-level marketing, makes many people cringe and they instantly conjure up images of pyramid scams or illegal schemes. Sadly, this is because they don’t quite grasp the concept of what MLM is and how it can help build wealth.
MLM, also known as network marketing, is a simple business model whereby you sell services or products directly to the consumer, in return for a profit or a commission. It’s as simple as that. Where you really make your money, though, is in recruiting others to sell the products as well. You receive income not only from your sales, but your downline’s sales too.
This concept is what confuses most people, and causes them to think they are illegal. There is nothing illegal about the business model; if there were, government watchdog agencies would have shut down these companies long ago. You wouldn’t be ordering products from catalogue companies that have been around for generations. A pyramid is more like a traditional business model; a President or CEO at the top making most of the money, and the many workers at the bottom making the lowest wages.
With an MLM business model, there is no limit to how much money you can make. You set your own hours, you work as hard or as little as you want. As you sell more products, and recruit more people into your downline, you will create a passive, monthly income that will help build your wealth and shape your destiny. You won’t have to worry about missing your child’s soccer game or begging for time off because he or she got the lead in a school play.
Don’t misunderstand, however. It is a business that takes determination, patience, hard work and self-discipline in order to be successful. Be prepared to put in between 2 and 5 years of solid hard work before looking for that passive income that will support your dream lifestyle.
A major part of success in this business is choosing a good company with products that you believe in. You also need a good support system in place; someone you can go to with your questions, problems and frustrations. You may have to look outside the company for some support, in conjunction with your upline.
If you want to build wealth and create a stable, duplicatable, predictable business, then MLM is a great choice and should not be taken lightly. The business model has been around for many years, and will continue to be a driving force in the economy.
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