What red flags should people look for when evaluating an MLM opportunity? High startup costs, no real products, emphasis on recruitment over sales? What else?
Thank you for your vulnerability in sharing this. The shame and embarrassment after leaving an MLM is real and not talked about enough. You are not stupid for joining - these companies spend millions on making their opportunity look irresistible. You were targeted by professional marketers.
The comparison between MLM failure rates and traditional business failure rates is misleading. When a traditional business fails, the owner usually has assets, inventory, and equipment they can sell. When an MLM distributor fails, they have nothing but overpriced products in their garage.
This should be required reading for anyone thinking about joining an MLM. Not to scare them away, but so they go in with realistic expectations instead of the fairy tales their upline tells them.
Here is my advice for anyone considering MLM: Do not join if you need money now. MLM is a long-term play that might never pay off. Only join if you genuinely love the products and can afford the monthly cost as a consumer. Treat any income as a bonus, not an expectation.
What red flags should people look for when evaluating an MLM opportunity? High startup costs, no real products, emphasis on recruitment over sales? What else?
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