MLMs- joining the discussion.

Hi, everyone,

Recently, one of my friends posted a question , asking WAers to share their experience with various MLM companies. https://my.wealthyaffiliate.com/chuka/blog/the-bes...

I've posted my opinion, but decided to elaborate a little bit more on the topic thus I'm writing this post. If you're ready to read this long post, read the original question first.

I don't think it makes us more productive or attractive by dismissing some ideas or industries, which have proven to be profitable for many people. In terms of profitability or viability, MLMs are making the same pattern, as any other idea or industry out there. As often as you can get burned with overhyped MLM company and product, the same is true for an online scam, anyone had this experience? And in order to make money online- do you or don't you have to work and be productive and creative?

To me, MLM is not much different in terms of opportunities than WA and affiliate marketing. It's been mentioned below (in the comments to the original question post) that only a few people have real success with MLM. But look at affiliate marketing statistics. 2% affiliates make 50% of the money, 10% make 90% of the money. Guess what? The same is true for MLM. If you didn't make money there, at the same time when others did, then you've haven't done something they did. I myself wasn't too lucky, but I don't blame the idea of MLM. I believe that when applied properly, it's the best way to bring you really substantial residual income in the LONG run.

As for my experience, I was in Herbalife, years ago, and currently, I'm still with Amway.

As for Herbalife, I wasn't really doing anything there, except that using some of their products, which I really liked. But selling the idea of a necessity of taking these products permanently in order to lose weight and keep it off is is tough. People are breaking out gain their weight back and spread the word that Herbalife doesn't work.

As for Amway, they have a much broader list of products and these are products you everyone needs in everyday life, which makes the task of selling the Amway easier.

You DON'T have to buy half a store of products, you DON'T have to attend seminars, the same way you DON'T have to pay for your Premium WA account and you DON'T have to spend time on Jay's webinars and Kyle's training and you DON'T have to spend money on everything associated with your online marketing business. But guess what? All top marketers spend tons of money to keep their business at that very top. The same applies to Amway and other MLMs.

For the conclusion, you have to do your research, BEFORE joining MLM company- products, statistics, customers, demographics, potentials.... Sounds familiar?

Thank you for reading this patiently.

I wish everyone the best success with your online business. Kirill.