MLM Companies
For the masses, it’s an immensely captivating idea: the chance to be your own boss, earn a good income, work pliable hours, lead a team, and possibly even have your own online sales site. If you have an entrepreneurial soul it would seem absolute, right? In fact, crowds try it through multilevel marketing (MLM) companies, a business model in which companies use independent distributors to sell their products or services directly to the public. Some of the lion’s share famous companies that work under this model are Herbalife, Mary Kay, Avon, Amway and Pampered Chef. But there are so many more that jointly represent a $35.4 billion-a-year industry in the United States. In 2018, more than six million people in the United States 22% of them Hispanics participated in one of these businesses, uplifted by the possibility of achieving financial independence or supplementing their income. But the reality is that the majority fail and do not bring out profits. They even lose money.
Key to Improve
“The hidden formula is that you have to look for something not only to make money … it has to be something that you want, that you are passionate about, because that is going to connect you with the product and people are going to feel it,” says Geraldine Otero, a 37-year-old Peruvian-Argentinean, who lives in San Antonio, who turned her passion for health and nutrition into a very profitable business.
Before Step-in
MLMs are a recognized form of economic development, but you should acquaint yourself with them before you get involved. If you are interested in making your way under this business model, reckon the following points:
Research the Company
Before putting your money, research the best MLM Plan, its officers and products. Have you had intricacy with the law? Are there consumer or seller complaints on forums or websites?
Check with others who have experience with the company and its products to determine if it’s worth getting involved.
Details of Process
To commence, companies require you to purchase a kit of starter products. When you buy more products, the company gives you colossal discounts.