What is MLM?

The purpose of this blog:

I have decided to report and write about MLM marketing to be able to be informed about by business opportunities and to be able to inform others about helpful and useful information that can lead them the make and educated decision about joining this type of business or not.

My experience in journalism is very little, however my experience in blogging is somewhat of a medium level. I still have a lot to learn and I hope to do that through this blog and many others in the future.

What is Multi level marketing?

Multi-level marketing is a marketing strategy that is set up differently from the usual corporate structure. MLM is a way for a sales force to be compensated not only on their personal sales, or sales that are personally generated but also on the sales of the people they recruit to be with company as well. This type of marketing is also referred to as network marketing, direct selling and referral marketing.

What are the benefits?

1)     Low cost in marketing efforts.

a.     Most if not all marketing efforts are don’t by consultants themselves.

2)     Growth possibilities or endless

a.     This is possible because the ever changing amount of consultants.

3)     This is the current trend for people to be able to have a plan B for the future or their financial security.

4)     Relatively low start up costs.

5)     Anyone who has the drive can succeed with network marketing in some sort of way.

Some Downfalls of MLM:

                 

1)     If you are not with a well-structured MLM company disaster can strike.

2)     If it sounds to good too be true, it probably is.

3)     Many people do not really “work” their networking marketing business, and thus feel this type of business is difficult or a scam.

4)     There are many MLM scams out there.

5)     Keeping an inventory can be very expensive.

Some Impotent Links:

The following link is to Wikipedia, this link shares important information on the legitimacy of this type of business.

Direct Selling Association or the  DSA, this is an agency that evaluates and determines the legitimacy of these different companies.