Many people dream of earning a living from home. Multi-level marketing or MLM programs have always appealed to those people. MLM has had a bad reputation because of numerous reports of scams. Still, there are still individuals who’ve found success with it. This could lead you to ask— how do you know that a MLM company is legit or not?
Is the MLM company trustworthy?
One of the first questions you need to ask is whether the MLM organization is trustworthy or not. To find out more about the reputation of the firm, do an extensive research. What are people saying about them online? You can go to online discussion forums and review sites such as www.ecosecretariat.org. Is the firm accessible? Is it transparent about its business practices?
The appeal of MLM Is that it is less expensive to get into it than other business opportunities such as starting a new business. For example, anyone can join the organization with a minimum investment fee of $100. The low cost of getting into MLM is one of the reasons why people are enticed to join it.
What is the MLM company selling?
You should also know more about the products that the MLM company is selling. After all, you will also be selling those goods or commodities so you need to get the assurance that those products are of good quality.
What is the MLM company’s compensation plan?
There are different compensation plans offered by MLM companies. Obviously, you should review the plan being offered by the MLM firm you are interested in. Make sure you understand the nitty gritty of the plan. Ideally, you should get a commission for every product sold, and not only on membership alone.
With the bad reputation that MLM has gotten, many people have expressed skepticism about the money they could make with MLM. But some studies have shown that an MLM rep can make an average of $25,000 a year.