Hello guys…
I need to know what about MLM…
Is MLM a fraud bussiness??
what do you thing about this??
What’s that got to do with forex trading?
Each MLM has limited time of life. I think that it is possible to earn from MLM only if you are on top of it structure. It is high risk. I would not suggest to get involed in any MLM.
I did primerica. The experience wasn’t all bad but consider it a hobby until you start making money. I went broke working there it is pure sales. They claim that it’s “your business” yet you are not allowed to pay anyone to do things for you. If you have a large circle of friends that have children and decent jobs and want life insurance from you then you will be okay otherwise find a job with regular pay and benefits.
But some have been around very successfully for many decades, now. One has nearly 10 Million distributors, internationally. The world’s 4th-largest greetings card company is also an MLM.
The ones that survive for the long run tend to be built on [B]retail[/B] sales, not sales to distributors. (Courts like that, too).
The ones that have a limited lifespan usually turn out not to have been MLM at all, but an imitation of it - illegal pyramid scams, in other words. It’s terribly difficult, when they’re well-presented, for the public to tell the difference. It isn’t always easy for lawyers.
This is a widespread belief, but actually completely mistaken. Everyone starts in the same position, at the top of their own “distributor network”. In many of the most longstanding MLM’s, the highest earners ever are people who’ve got into the business only fairly recently (by comparison), many decades after the company’s been set up.
I don’t disagree with you at all, there.
But I’d say exactly the same about any form of “running your own business”.
And all the more so about forex trading.
Some MLM are wasn’t that bad. You just have to do a due diligence to see if it is scam or not. I have tried to do a few of those to the point were I was a division manager because of the people I recruit and the sales I bring in. It was really tough but it taught me a lot on how to rely on myself (and building a good team) to succeed but I figure out it wasn’t for me.
Though, it teaches you a lot of things about being persistent and determination that you cannot learn while you work on your regular job. As any other businesses, there are always pros and cons…