• United States
14 Apr 09
I used to think network marketing or MLM was a pyramid scheme that just ripped people off because I didn't do my own research on it, I only listened to what people told me about it. I was approached about 20 months ago to look at some information on a company and loved the products they offered. I used the products to validate they worked properly. I simply shared my experience with a few people like I've done my whole life on different things and kind of backed into the MLM business side. Long story short, I started doing research and found MLM is a very viable business model if you're with the right company and products. Now 20 months later I left my Director position and am doing my MLM business 100% F/T, have 100s of people on my team (most I don't know), and have complete freedom that they always promote. I am living proof that this business model works if you learn it and work it as a business not a hobby and have a product that is an inherent YES for 99% of the population. If you would have asked me 20 months ago if I'd be doing this MLM business F/T right now I would have said you're out of your mind. Boy I couldn't have been more wrong. This industry is unbelievable!
• United States
3 Nov 08
Most of the time, the only people who make any money in a network marketing scheme are the ones who start it up. While there are exceptions to the rule, the average person will typically not have any luck with this type of thing. I have tried several network marketing ventures, and probably spent a few thousand dollars trying to make them work. I had to pay $250 JUST to get started in one of them, and I probably spent $500 more promoting it. This particular venture raked in a whopping $75 for me in the nearly three months that I did it FULL TIME before I had to quit it and get a real job to pay my bills. I then got into marketing for PREPAID LEGAL SERVICES. Don't let the hype put up by the marketing agents fool you. I ended up sinking well over $2,000 into trying to market Prepaid Legal over a few months. I went to all the meetings, I went to all the training, I called all the conference calls. I did EVERYTHING they said I had to do to make money in that business. My total earnings the entire time I did the business...The total amount I was paid...$0. You read that right...NOT THE FIRST DAMN PENNY... My advice is this...stay away from network marketing. If you have the money to put towards getting into network marketing, put that money towards one of two things. Either pay off some of your debt, or put it in a high-interest savings account or a CD. Paying off your debt will save you money that would otherwise go towards paying interest. Putting the money in a savings account will at least earn you a LITTLE income from the interest paid on the account.