I keep seeing statistics that say 99% of MLM participants lose money. Is this true? What are the real income statistics? And what separates the successful ones from those who fail?
You cannot compare MLM to a traditional job. MLM is entrepreneurship - it carries risk but also unlimited upside potential. If you want guaranteed income, get a 9-to-5. If you want to build something, be prepared to struggle first.
I keep seeing statistics that say 99% of MLM participants lose money. Is this true? What are the real income statistics? And what separates the successful ones from those who fail?
You nailed it. I spent 2 years in network marketing and the only thing I gained was a garage full of unsold product and a smaller bank account. But I did learn valuable sales skills that I now use in a real job.
I respectfully disagree with some of your points. Yes, most people do not make money, but that is true of any business. The SBA says 50% of traditional businesses fail within 5 years. At least with MLM the startup cost is low so the financial risk is minimal.
I think you are painting with too broad a brush. Not all MLM companies are the same. I have been with my company for 7 years and earn a consistent $4,000 per month. The key is finding a company with products people actually want to buy.
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