32.
Re: The good and bad of Network Marketing Jan 13, 2008 4:19 PM
1) I think the network marketing will be "a" business in the 21st century but not "the" business.
The vast majority of MLM or network marketing businesses only have about a 1% true success rate.
Even the very large and oldest company Amway (Quixtar) are running into problems and legally have to inform all new members that the average representative makes only a hundred or so dollars a month.
2) I have always said the pros of MLM or NWM are that anyone can join and the costs are relatively small. If someone is very motivated, they can start a business easily with all resources and training provided and since the upline have a vested interest in the new person, they get help. This is why Robert Kyosoki and Donald Trump promote them. It is an easy start for a motivated person.
The con is very often times the person who joins doesn't truly have an entreprenuerial mindset and doesn't have the drive, determination and time to make a success of it. Most of the upline will stop helping those who aren't "working" the business by attending meetings and bringing prospects etc. So most of the would be "business owners" end up paying monthly for a while or buying products (all which support the upline) and don't make any money of their own.
3) There are several forums where home based businesses and money making opportunities abound. Just search google for home based business forums. One that I know about is called whydowork.com forum.
I would caution you though. Since most business opportunities are low cost, those sites also attract all manner of scam artists promising get rich quick programs and often time offering outright illegal schemes.
I would only deal with MLM or NMM companies that are listed with the Direct Marketing Association
http://www.the-dma.org/index.php and the better business bureau
http://welcome.bbb.org/.
Good Luck
