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Multi-level Marketing Companies... Can Money Be Made?

By
Services for Real Estate Pros with RealSell Companies

Cooperative marketing, multi-level marketing ("MLM"), network marketing... no matter what you call it, curious folks always ask can you make money?  Doing homework and realizing that there are many legitimate MLM business opportunities across the nation could result in tremendous income potential through acquiring an MLM business. 

MLM has unfortunately gotten a bad rap due to poor companies, making poor decisions, and ripping people off. Fortunately, this is not true with many companies, or the industry in general.  Important to note is that just as with the start up or acquisition of any business you must conduct due diligence and develop/review the business plan. 

Legitimate MLMs have products and are businesses.  Any business you treat like a hobby will treat you like a hobby.  An MLM business is no different.  The right MLM opportunity (one that suits you) taken seriously, can become a good source of secondary income and in some cases a substantial primary income.  It all depends on ones effort (time + effort = results).  With this type of business as long as your mouth is moving your business is open.  If your business is open you can make money. 

The bottom line, a good product, a good compensation plan associated with a legitimate MLM company can generate revenue for you.    

Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

You are so right - MLM businesses are as good as the people who run them.   EXIT Realty is based on that concept of earning money off of the Realtors you introduce to the company.  The thought being if you help to train, motivate and assist other agents they will increase productivity which puts more cash in your own pocket.  Also, it provides for a retirement income which most brokerages don't provide. 

Thanks for sharing your message - Financial Illiteracy is something that needs to be addressed BIG TIME!

Jun 27, 2008 04:54 AM
Jeff Pickering
Pickering Group - Anthem, AZ

Walt

 

I agree with you that great opportunities out the with network marketing companies, the one that fits your business or passion will be easier to use and promote. The problem I see is when you meet some of the people they tell you how much money others are making and it get people excited they sign up and then drop out! I also see people getting harassed to join from some pushy people and that creates the image of the old scam MLM's.

I am involved in a network marketing company and have been for over a year, I love the product and I create some residential income with it, but I have 8 loans that I originated and closed by using the product so it works for me.

I think if it is presented properly and people are not promised to make 6 figs these companies will gain more exposure, especially since they can be recession proof business opportunities.

 

Jeff

 

Jun 27, 2008 04:55 AM