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Originally Posted by Pavel Alasheev  What do you think about MLM industry? Share your opinions and experiences...
Personally i think that many MLM companies do a good job making their distributors read the "right" books, attend personal growth seminars and so on. As far as i can see, a person's success in MLM is aligned with the person's personal development and leadership skills.
I am actually surprised, that Steve has never mentioned MLM opportunities, though he writes a lot about entrepreneurship.
(no, i do not work in MLM. I had an experience in an MLM company a couple years ago, and it was quite positive.) |
STAY AWAY from MLM. It's just about the dumbest and the most difficult way to generate money. Go for YOUR OWN business and DON'T BUY BS from MLM people when they say that when you join their company, you somehow get your own business. This is simply NOT TRUE.
MLM sucks. It's very good for your personal training, but you won't make any money in it. Exceedingly unlikely. Go to Amway and read their statistics. They make 2 billion in sales. Sound's good? Well, they have FOUR MILLION DISTRIBUTORS. Do the math, it comes out to about 500 dollars a year. 50 bucks a month is not a lucrative business you should pursue. Now, that's the AVERAGE. Which means that most people DON'T MAKE ANY MONEY.
As a fellow Russian, I just warned you. One day you'll be thankful. Taking risk is good, but you have to take good risks.