So why do people quit MLM? Why do people give up in network marketing? Is it really one of the most lucrative ways to make money from home and online? If you have ever thought about making money from home to payoff bills or to seek financial freedom, then no doubt you have heard of multi level marketing as a viable option.
Although the multi level marketing industry has made over $40 billion in the US and $189.6 billion globally according to some multi level marketing statistics, not ALL experience success with it. Investopedia in 2021 stated that 20% of small businesses fail in their first year. Is this your case? Have you failed at network marketing and not sure what to do? If so, then it’s not your fault! Leave your comments or experiences below. Keep reading to see exactly what you must know about the best practices for success before getting started with ANY MLM business opportunity.
MLM, as it is often called is a simply concept to make money by sharing products or services with others for a one-time commission or recurring commissions over time. The recurring income is usually based on customers that reorder a product that you have referred to the company. Although most encourage you to recruit affiliates or distributors, some multi level marketing businesses don’t require any sponsoring or monthly product autoships to make money from home.
Maybe a friend or family member has told you about one that they have joined and want you to do the same. But is MLM worth it? Is it good bad to join a MLM to make money? Is MLM a good side hustle to really supplement or replace your current income? These are some questions that I want to answer in this post today.
Before finding the easiest and most profitable way to make money online in network marketing, there are some things that you know first. These are 7 simple reasons why people quit MLM or why so many people fail at MLM and network marketing. Also, you will learn about the best MLM that actually works in 2023 for beginners and seasoned marketers!
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Reasons Why People Quit MLM or Give Up On Network Marketing?
After watching this video, which of these 7 reasons do you identify with most? Why do people give up in network marketing in your opinion? Have you failed in network marketing or left MLM due to one of these mentioned or something else? Please leave your comments and thoughts below.
Remember that Livegood is an awesome home business for beginners has a super low start-up of only $49.95. There are 6 ways to get paid with their compensation plan and the Livegood products are very effective. There is a 90 day money back guarantee which makes this MLM business opportunity 100% Risk-Free and worth trying it today. You will not find a better affiliate program online that pays out more than Livegood that actually helps you to build your own powerline and business.
Unlike most multi level marketing or network marketing opportunities, there is no requirement to buy products on monthly autoships nor meet specific sales quotas. There is no pressure as their automated landing pages do all of the telling and selling so you don’t have to convince people. All you need to do it is send visitors to your site to take the FREE tour. There are tons of free advertising sites to promote affiliate marketing online that you can use to drive leads or prospects.
You can work your business from anywhere in the world and move as fast or slow as you want. You have complete control over your income potential and will receive FREE weekly Livegood training as you work on our team.
Frequently Asked Questions About MLM
Is MLM good or bad?
Some MLMs opportunities online are good like LegalShield, Valentus, MCA, Plexus Worldwide, and Wealthy Affiliate, while many others are out right terrible. I recommend that you do though research for reviews online and checkout the companies background and track record. Don’t rely solely on what a distributor or marketer says about the company as they just want to make a sale or commission.
A good place in addition to the BBB to check out companies online is on Trustpilot.com. For example, you can find Livegood reviews from both customers that use the products and what they really think about Livegood as a company.
Many MLMs that are bad require you to buy expensive products each month on autoship BEFORE you can qualify to receive commissions. If you don’t buy them, then you could lose any commissions generated through your affiliate links. Some bad MLMs require you to meet quotas or sell a certain volume of products to quality. Very few multi level marketing or network marketing opportunities provide real training for beginners and the end result is frustration and quitting the MLM company.
Thankfully, when you join Livegood, their health and wellness products are super affordable and save you up to 75% in comparison to competitors. Good MLMs like Livegood do not require affiliates to sponsor or recruit distributors to make money. You can make up to $2,047 without sponsoring anyone!
Is MLM the same as Pyramid Selling? Is MLM a Pyramid Scheme?
Pyramid Schemes and MLM are not the same thing and often are confused. MLMs offer opportunities with compensation plan based on the sales of products. However, it’s not a requirement to sponsor or recruit distributors to make money.
However, with Pyramid selling often involves paying a lot of money upfront to get started with an opportunity. Often there are no real products and the only who make money are those that you sending money to. Pyramids often benefit one person or 1% of those at the top of the chain and most people never make money at all. Often there are no phone numbers or contact info on websites in the event you have a problem & need to contact a customer service representative. Often Pyramid selling or schemes often do not have team support in place to train people and this often leads to frustration and people calling it a SCAM.
Are MLMs legal?
Multi level marketing is legal, however pyramid schemes are NOT legal at all. MLMs are really business opportunities backed by real tangible products that people can actually order and use. Legitimate MLM opportunities have a long track record for success and are recognized internationally. Products should have be backed up proven research and easy to look up.
On the other hand, pyramid schemes usually involve a lot of hype and pressure to buy products or services that really exist or not tangible. With pyramid schemes there are no contacts for customer support and often you lose your money without any recourse. In most cases, it will easy to find bad reviews for pyramid schemes online by people that have been scammed or lost money.
Is MLM worth it?
MLM is one of the easiest and most profitable ways to male money to make money online IF you do it correctly. What do I mean by this? You must learn how to do attraction marketing versus chasing or begging people to buy products or join the business opportunity. Beginners need to understand that any legitimate business requirement time and real work to build and grow. It’s definitely building your own dream versus building your company’s dream by working a JOB everyday that you hate.
Starting an MLM business is 100% worth it being that you are being not only once, but for the life of your customers. On a job, you get paid once a week and that’s it and can be laid off or fired at anytime without notice. If this happens to you, what will you do? At least you can start and build your MLM business fast or overtime at your pace and then eventually leave your job when replacing your monthly income.
Most legitimate MLM business opportunity have low startups and provide FREE weekly training for beginners. They also provide affiliates with fully automated websites to promote, sell and followup with prospects to help you generate commissions around the clock. A great MLM business opportunity for beginners to join is Livegood.
What are the cons of an MLM?
As for MLM cons, you should know that they are not get rich quick schemes. This means that you will not make money overnight and income is not predictable as with a JOB. This requires real work and dedication for a long time to see real long lasting results just as with any business model or brick and mortar setting. The MLM industry has a lot of hype about income potentials or with the promotion or lack of transparency with some products.
Some distributors or representatives make false claims about the effectiveness of products that their own company doesn’t say in print. Some distributors do this push or drive commissions or meet quotas. However, this may and has led to deception and many pyramid scheme lawsuits in many cases. Popular MLM companies like Herbalife, Younique, Lularoe, Advocare, Neora (Nerium) and others have been under the fire due to this bad practice. All of this gives a bad name and reputation to the entire MLM industry and discourages sincere home business seekers from wanting to get started online.
Livegood is a health & wellness company with affiliates internationally. They do not have any monthly quotas for sales and volume. 90 day money guarantee is offered on all products and they have a great reputation online. Over 500,000 people have joined in 7 months and Livegood is exploding. You can take a FREE tour here at www.livegoodtour.com
Is MLM a good side hustle?
An MLM can be a good side hustle if you take it seriously like anything else. You must remember that it is NOT a JOB. This means that you do not have to clock in a certain time nor report to boss or supervisor that you hate. You can work your MLM business opportunity whenever you want as long as you want to reach specific goals that you have set.
Now depending on the types of products that you promote or market, frequency and methods used will determine how much money you make. Of course, there are no guarantees with ANY MLM business or network marketing opportunity. You have complete over your income potential and call the shots. Some MLMs pay affiliates every week while others payout perhaps once a month based on volume generated. On any note, it’s good to join a great MLM such as Livegood that pays affiliates more than its competitors and provides great support.
Why is MLM so good?
Aside from the huge income potential that can be generated with compensation plans, there are other benefits of MLMs. One, you don’t have to worry about stocking or shipping products. An MLM company such as Livegood will stock and ship all products for you internationally so you don’t have too. This removes all of the hassle and logistics of managing a home business if you are doing lots of volume each month.
Another great reason why MLM is so good is because it lets you work from anywhere in the world. All you basically need is to have internet access to consistently promote or market products and business online. Being that is not a job, you will not have to report or do a specific of hours each day. You don’t have to deal with crazy coworkers who don’t really want to work.
With an MLM business opportunity, you can learn attraction marketing which will draw people to you who actually want what you are promoting or selling. This makes direct sales a lot easier and no worries about meeting specific monthly quotas as with most sales related jobs.
Another huge why MLMs are good is that you don’t get paid just once for your efforts, rather can generate recurring income over time. This occurs when customers reorder products that you have referred in the past. If you have a JOB, you work 40 hours a week and get only ONCE! However, the company where you work continues to grow and the CEO benefits forever from your efforts.
When you work from home doing an MLM business, you control your raises and income potential, not your job. These are some of the main reasons why MLMs are good for people to join. But again MLMs are the most lucrative ways to make money from home. They’re highly recommended for beginners being they have lower risks than traditional businesses & don’t require tons of upfront capital.
To get started right now with the easiest and most profitable way to make money online, then click below for FREE tour with Livegood!