Network Marketing Opportunities – Are Any of these Legitimate?
There seems to be an abundance of network marketing opportunities online. If you have been mulling over work from home ideas and have been searching online, you must have noticed numerous ads about opportunities in network marketing, which is also known as multilevel marketing or MLM. But are these legitimate?
Network marketing opportunities are almost always seen with much suspicion. This is not surprising given their similarity in business model with illegal pyramiding. However, unlike pyramiding that does not include a legitimate product or business, MLM is actually centered on doing business with a real product for sale.
How does MLM work? To join an MLM company, whether on your own or through recruitment efforts of the company, you are required to make an investment. This investment can range from several dollars to more than a thousand dollars, depending on the company and product it offers. The investment usually pays for a product package or a start up kit and a training program. Thereafter, aside from earning on commissions from the total sales of the product, you can also have recruits of your own who will be considered your down-line and from whom you can earn a percentage of their sales income; thus the term network or multilevel marketing.
If you are interested in investing in an MLM, finding a legitimate network company should be first in your priority list. There are many various websites with MLM company listings, one of which is http://www.findyourmlm.com/.
Gather as much information as you can. Find out what training programs and technical support are provided, how much is the reasonable projected income, and any monthly or annual fees required.
Make sure to verify the legitimacy of the company before you decide to invest in it. Check out the Better Business Bureau to see if it is listed and how it is rated. Also, join work at home forums and boards, ask around about the company you are eying and find out the positive and negative feedback from other home workers who have had experience with the same company.
Finally, legitimate network marketing opportunities are only as successful as the work you put into them. Remember, there is no such thing as a free pass to unlimited income.