In today’s post, I will be writing about old and new MLM business opportunities to see if they are really worth doing or whether they are a complete waste of time and money. There are hundreds and hundreds of so-called “make money from home” MLM programs going around. Everything from beauty products to energy suppliers, but who can you trust? I have reviewed many of these companies and I will reveal exactly what I think about these MLM opportunities right here.
What is an MLM Business?
MLM is Multi-Level Marketing. This is where an individual person has the opportunity to try and make a little bit of extra revenue by becoming a distributor and direct sell a companies product. With every product sold, the distributor will earn a commission. Which will be a certain percentage of the overall sale.
There is also another way where distributors can make extra money and this is by recruiting other people to join as distributors. And these will be your downlines. Every time your downlines make sales, you will receive some small commissions based on their sales.
This has often been regarded as a pyramid scheme.
How Can You Make Money With MLM’s?
Years ago, people who joined MLM’s used to go door-to-door to showcase their products. I still remember the days of the Avon Lady knocking on my parent’s door. Some people still use this method but times have changed.
Now when most people join MLM’s they try to promote products to friends and family by hosting selling parties from home. Showing the products, and then hopefully taking orders. This can sometimes be fun. I mean it’s nice to have a few drinks, a few snacks, and making a bit of extra money at the same time.
There is also the social media approach, but this is quite often frowned upon. I have read many stories of people being messaged by say, an old school friend. Being offered a “great opportunity” to join their team. This is a bad way to promote MLM’s. It can result in being reported as spam, being blocked, and losing your contacts.
Are All MLM’s Scams?
To be honest, I have never known of anyone making good money doing MLM. Apart from of course the founders.
It is also a proven fact by an FTC MLM Investigation Report that over 99% of people direct selling MLM products make very little money, make no money at all, or even make a loss.
Yes, it can be possible to make a bit of extra money. But almost everyone selling these products make less than the minimum wage. So you have to ask yourself if it’s really worth it?
New MLM Business Opportunities
New MLM business opportunities are popping up all of the time. To be fair, it’s hard to judge how well these opportunities will do. This is because they are so young and there is not enough data at this stage. But by going on the data of all other MLM’s, I believe that every new opportunity will end in failure.
What Are The Alternatives to MLM?
If you are interested in working from home, then I can tell you that the best alternative to MLM is Affiliate Marketing. I have already written an article called Affiliate Marketing or MLM. This article goes more in-depth into the differences between the two.
With Affiliate Marketing and with the correct knowledge, you can easily make a good reliable regular income. You can promote whatever product you desire and you can do it at your own pace and your own hours.
With MLM, you are constantly pushing for sales, promoting the products to everyone you know. It’s hard for me to say, but eventually, these people will get fed up with being pushed into buying or joining and they will do their best to avoid you.
But again, with Affiliate Marketing, you can promote through your own blog/website and people will search for you. No more pushing for sales, because if done correctly, your customers will come straight to you.
How to do Affiliate Marketing?
If you want to look into doing affiliate marketing, then I can point you in the right direction. It cost nothing to take a look and you have nothing to lose but a huge amount to gain.
You can check out my review of my #1 recommendation, with so many success stories. Which I believe will give you so much knowledge in Affiliate Marketing that you will never think about doing MLM again.
You get full training, support and you also get to build a free website (easy to do). Check it out here.
I know that you came here to read about new MLM business opportunities. But I wanted to show you that there is much more chance to make money with Affiliate Marketing. You just needed to know where to look.
I wish you all the best
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