Quote: (06-19-2013 10:20 PM)Vacancier Permanent Wrote:
Nowadays, I’m past that and I prefer to stick to creating my own thing or even better, taking advantage of the opportunities in emerging markets. But I do know that should the need arise, network marketing can be a solid and lucrative option if all else fails. I do know personally a few guys and girls who are making 6, 7 and even 8 figures per year in NM. Plus, with the internet nowadays, NM is nowhere near what it used to be before the internet. Before, you had to chase your friends and family and attend those boring meetings; nowadays, none of that crap. Just have a capture page on your site and you can build a good sized list in a short time and can run your biz from anywhere in the world. It can be a great location independent biz. After all, like anything else, it's all a numbers' game.
Quote: (06-20-2013 02:13 AM)defguy Wrote:
Skip the ponzi schemes. Build a real business, better yet, read: Millionaire Fastlane, Rework, Lean Startup, The $100 Startup. Then build a business. IF you rush to defend that MLM isnt a ponzi scheme bc ponzi schemes are illegal - simply put, "you're a moron."
Wow, there definitely seems to be a lot of negativity attached to the whole MLM business model, which probably makes this 10x harder.
But at the same time, There are a minority of people who still manage to prosper and make a killing.
So it seems to be really dependent on the individual's personality and his/her ability to develop and maintain a system. Exactly like any other business endeavor.
However, I don't think anybody can just wake up and create a product of value, or a profitable business model.
So, I agree with Valancier with regards to it being a great learning tool for enhancing your entrepreneurial skills. With an opportunity of actually succeeding.
I also agree with the fact, there is a lot of opportunity to market on the internet and target people who are actually interested in the scheme. (warm prospects)
Although that just makes you another internet/affiliate marketer, selling the progressively saturated MLM dream.
When you could just very easily invest time into researching unknown products and marketing in the same way.
Or even better, attempting to create something unique of your own.
Overall, I agree with the general consensus, the time and energy invested in this model in order to achieve financial freedom would be used a lot more efficiently by
attempting to be 100% independent and start something of your own.