Now I know what you’re thinking, “Is this guy crazy? Of course they’re all scams!” Don’t get me wrong. I’ve had my fair share of scams since I’ve been in the online money making business. Scams obviously do exists, but most of the MLM business opportunities you see popping up all over the place are legit. I would say about 70% to 80% of them are not out to rip you off, but are actually legitimate ways to make money online.
Sometimes what makes a multi-level marketing business opportunity a scam is the simple fact that you joined up with super high expectations only to find out a month later you haven’t signed anybody up.
What does this mean?
Well, it doesn’t mean that particular mlm business opportunity is a scam, it just probably means that particular mlm businesses opportunity just wasn’t the right one for you.
The business opportunities that are legitimately priced (such as low $10.00 to $40.00 monthly membership fees) are most likely not scams.
But if get some guy calling you up and asking for $500 to $1,000 and promising you the world, then we most likely have a problem. So, let’s quickly go over a few signs of a scam:
- Very high fee.
- Product doesn’t match the monthly fee.
- You got a sales person calling you very aggressively to sign up.
- Claim you will get a bunch of free traffic or sign ups just for joining.
- Make it sound like you don’t have to do anything but sign up to succeed in the business.
- Promise you huge earnings without any work.
- Ask you for money upfront and promise you free money in the distant future.
- Haven’t been in business very long.
- Can’t find very much information on them when you search the web.
OK, so now let’s go over some signs that the mlm business opportunity is most likely a legit one:
- They have been in business for a few years.
- Low fee to join.
- Don’t promise you extraordinary earnings for doing no work.
- Are realistic and show you how many sign ups you’ll really need to reach payout.
- Minimum payout is $100.00 or less.
- Product looks legit and makes sense.
- You can find information about the mlm on the worldwide web.
Always do your due diligence when joining any kind of mlm business opportunity that cost money. I have tried many and failed at many and only succeeded with a few. The few I succeeded with were because they were the right ones for me. The other ones I failed at weren’t scams. I just didn’t have what it took to promote their particular product or service.
I’m ultimately for free ways to make money online verses mlm opportunities. I’m not one of those people like to hop from program to program. It just doesn’t seem beneficial to me. I currently have 3 mlm business opportunities that I have been building now for the last three years. They are all growing at a good rate.
I’m glad I ventured out and tried a few things before I found 3 great programs that worked for me. Now if I ever promote anything other than these 3 programs, they are always free affiliate programs that don’t cost a single dime to promote.
So what’s the moral of this blog post? Well, it’s simply to let you know if you fail at a multi-level marketing business, that mlm business probably isn’t a scam. It just means it wasn’t the right business opportunity for you in the first place. So you need to keep searching until you find the right one for y0u.
There is a famous saying I want to share with you.
The average millionaire tries out 7-10 business ventures before they find one that works.
This simply means, don’t give up!
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Great and very informative post my friend.
Thanks.
Thanks for more info,
I am currently searching for more info
about mlm, i am planning to put up a new mlm
business. And i am really wondering if this
business will suit for me. will it be a
success or a failure. Can you please send
me some suggestions on starting up my new
business.
The only word of advice I can give you on starting your own mlm business is to make sure you have a good affiliate tracking system set up because there are a whole lot of spammers out there.
Great post. I love the informative style you adopted. Clear and easy to understand.
Hi,
Stock market India is volatile and all those who speculate in market are loosing everyday. Please remember stock market is not for speculation purpose. If one feel investing in stock market is gamble then its better to think again.
One should always note that if they want to invest money they should do proper research be it fundamental research or technical research. Just think how come you can invest
your money without any convincing reason for the same?
Indian stock market is one of the most happening and emerging market. Major Indian stock exchanges are BSE and NSE and both are of world class standards.
So grab good stocks and invest that’s the bottom line.
We hope to see you in major profits.
From where you got inspired? You present fresh information that i didn’t find other place.Great post!
Thanks for the comment. I get inspired to write these post to help educate people about making money online. I don’t know every thing, but I think it’s good to teach at least what you know.
Hi,
Stock market India is volatile and all those who speculate in market are loosing everyday. Please remember stock market is not for speculation purpose. If one feel investing in stock market is gamble then its better to think again.
One should always note that if they want to invest money they should do proper research be it fundamental research or technical research. Just think how come you can invest
your money without any convincing reason for the same?
Indian stock market is one of the most happening and emerging market. Major Indian stock exchanges are BSE and NSE and both are of world class standards.
So grab good stocks and invest that’s the bottom line.
We hope to see you in major profits.
Regards
SHARETIPSINFO TEAM
Hello Greg,
I too am in Global NPN, clicked on your comments there and came to your site, SUMM.
I like what you are doing, I also have a heart for the newbie and try to share with them ways to make money online affordably. I signed up for your newsletter, look foward to learning and sharing.
Network marketing is a great industry, but you do have to do your research and not fall for the hype. If you are lucky enough to get someone to give you support after the sale well and good, but truth is, for the most part, you have to be self motivated and self educated, then you must never give up or let anyone steal your dream.
No MLM/NWM company will make you any money or make you rich IF you do not learn how to market correctly and then actually market it.
Willie
Thanks for the great content. I’m always searching the net for content that will give me some new ideas for my own blogs and legitimate online businesses. Great blog and thanks for the great article.
Brad
there are many great mlm businesses out there
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Thank you for a great post
i have tried selling different products from Multi Level Marketing and i can earn a decent amount of money from them.—
As said in this article many people have thought that all MLM Business are a scam. It’s not true really. MLM is one successful businesses nowadays. It is our responsibility to choose the right one.
thanks for the post, these days everyone is trying to make an extra bit of money!
Yes yo are exactly right. Most MLM business are not scams. There are people who run a proper MLM businesses
and make people flourish in their business.
Just wanted to say you have a great site and thanks for posting!
MLM businesses can be great, but as you said so many people start with such high opportunities, and end up giving up when they’ve not made a million in a month!
“The average millionaire tries out 7-10 business ventures before they find one that works.” – What a fantastic quote and really inspires me to keep trying with my different business ideas!
Thank you fro sharing this article…
Hm.. getting cash with no job has sometimes on the occasion been really hard; almost always I purchase some e-books and make money from those. But they get extremely expensive! Trying to make money without any sort of job experience is even harder. Some information is so unprofitable, despite that this post actually helped me out. Thanks So Much! 🙂
Black people were white people’s property until 1967. We just started creating wealth.
The blog post had nothing to do with race, but thanks for the info.
Hm.. making money at home has sometimes on the occasion been extremely difficult; most of the time I get some information and make money from those. But they get really expensive! Trying to make money without any sort of job experience is even harder. Some programs is just ineffective, despite that this post really helped me out. Great Post! 🙂
Hi , Very good information you are providing at here . Thanks for your knowledege , it vreally helps me a lot.
Regards
Anjali
Very informative blog. Nice to know about MLM plans and companies.
Multilevel marketing companies not always do fraud things but yes maximum are small product based. So not easy to believe.
You make a very good argument for why MLMs are usually not scams. I especially like your point about failure being linked to it not being the ‘right’ MLM for an individual. You used the word due diligence and that is sound advice. I hope all your readers take that to heart and apply it instead of jumping on a band wagon because of promises of quick money.
Thanks,
Arlene,
Quick Ways to Make Money Enthusiast
GREAT POST. VERY ENJOYABLE READ. AND I AGREE WITH MOST OF WHAT YOU SAY
Indian technology and pharma companies are good for your Investment.Also biotech and stem cell research companies are worthy to be mentioned.
With great market and good political democratic leadership Indian economy will prosper beyond imagination
GREAT POST. VERY ENJOYABLE READ. AND I AGREE WITH MOST OF WHAT YOU SAY ABOUT BUSINESS OPPORTINUITES!
Good luck on your internet marketing ventures.
Sometimes I join mlm programs on the internet and offline to earn some extra cash.