Multi Level Marketing Business

In 2008 I joined a business industry called Multi Level Marketing (MLM). MLM comes under different names such as Network Marketing, Relationship Marketing and direct Selling. Companies use MLM as a route to market rather than advertising on TV, radio and papers and magazines which can be expensive. Entrepreneurs who become involved in MLM become what is know as distributors to sell the products and services of the company they are then compensated for doing so. They also find and recruit other people who want to do the same and build a team they are then compensated for doing that too. 
By doing this the costs of the company are reduced as the cost of acquiring a customer is known because the distributors do not get paid until a sale has been made as opposed to advertising where the cost of a customer is not known until the sale has been made, therefore the spend that would normally be spent on marketing is shared between the distributors of the company
By building a team a distributor can build a residual income so whether they work or not they still get paid.
Unfortunately some people who join an MLM business believe it to be a get rich quick scheme and think that they will not have to put in effort to build their business, they then blame the business when they fail instead of their own laziness. It does take time effort and commitment to build an MLM business as it does any business and the rewards for those that do are great, more millionaires have been made from the MLM industry than any other.
MLM is a great way to build your wealth but to be truly wealthy do you need to have millions in the bank or would an income of £2 or £3,000 coming into your bank account every month just like when a writer gets paid a royalty for writing a book or singer for writing a song be okay?


Paul




PS. See more about my MLM business here