What is Multi-Level Marketing (MLM)?
I guess you got to this article either because you want to learn more about Multi Level Marketing before you join some company that promised you money at a press of a button or you are reacting because you already have been scammed from an MLM company. I know you may still want to try it even after reading this article.
Multi-Level Marketing
All my academic life, I haven’t seen this work go into prescribed texts from higher learning institutions. I guess there is something fishy about it. Anyway, I will share my understand of MLM based on experience.
MLM is a contemporary marketing method that capitalizes on one-on-one recruiting of buyers, a product is normally included. In the preceding sentence, we can easily substitute buyers by victims. I say so because history dictates that only 2 percent attain success from MLM. In that regards, you stand 98 percent chances of loosing all your money into a fruitless MLM exercise.
MLM inception works well because it is purely based on relationships. One tells the other, and the other tells more, and the chain goes on unlimitedly. The only way it will work is for you to tell people about it and obviously it means your closest friends, ones that trust you and would willingly give you a chance. The time you pull your friends in, the company gains from your money.
Engaging in an MLM can be a very effective method of breaking good relationships and killing trust between individuals. If it fails, you happen to betray the people that should be support you and they surely won’t be friends to nurse you because they’re also victims.
Earlier on I mentioned the presence of a product. This is actually where MLM hides its pyramid scheme nature. The product can either be highly priced or worthless. The product is used just for the scheme not to be an obvious pyramid. I cannot convince you further, see the articles below.
Ok, MLM is a relationship based marketing scheme that often involves a product.
Experience
I have in the past joined a multi-million, with no doubt, company called QuestNet. It worked like all other too good to be true initiatives but chipped in the concept of MLM as a contemporary method that has no legal implications as opposed to a pyramid scheme. You may be reading this after having heard about QuestNet and probably wanting to take a chance – don’t be fooled, once it seems too good to be true, it truly is!
I have detailed my experience in the following article:
Warning!
<1–adsensestart–>Life dictates opportunities for every living person, yet mistaking it for something else is also a possibility. I wouldn’t stop you from trying out QuestNet, but do make a thorough research about it. From my side, I would say, rather invest your money on something else.
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