Whether you want to be your own boss or you want to be handsomely rich,
internet offers great possibilities. Maybe too many! You hop on
internet only to find yourself being pulled in so many different directions that you don’t even know which way is up. Yipes! How do you go about filtering through
masses of come-ons?
Here’s one… “Fabulous Income Immediately with Little or No Work!” Ooooh, goody!
I must admit, these ads appeal enormously to
greedy, lazy parts of my humanity. Fortunately I, like most of you, know that there is no such thing as being paid just for showing up. And you don’t have time or money to lose…
So just how DO you proceed?
Rule 1 – Don’t waste your energy and money with multi-level marketing outfits. These are
ones with a forced matrix recruitment and pay-out system.
Now I’ll be
first to admit that there are some very reputable MLM companies out there. Some of them are Fortune 500 Companies and some rank high on
New York Stock Exchange and trade heavily on
NASDAQ.
However, just because
company as a whole is making money doesn’t necessarily mean that YOU will make money. Too many of us have learned that
hard way.
THE MAJOR DRAWBACKS TO MLM COMPANIES
Here are some obstacles I encountered, which finally led me to abandon MLMs for good.
• MLM structures have a bad reputation. That’s just
way it is. Whether
company deserves
poor reputation or not is hardly
point. The fact remains that you are working against widespread skepticism. (“Is this one of those pyramid schemes?”) You’re trying to swim upstream. Not wise.
• There is always a monthly purchase you are required to make, so you’re losing money from day one. (Many companies try to deny
fact that there is any “requirement” to purchase anything. They conveniently sidestep
fact that you aren’t eligible to earn any money unless you are making a monthly purchase.)
• It takes several “recruits” to just break even. And no sooner do you add one than another one bails out. It is a sl-o-o-o-o-w grow.
• Your eventual income directly hinges on
efforts of other people. Talk about giving away your power!
• Many MLM or forced-matrix structures are unstable and short-lived. The term “fly-by-night” springs to mind.