Network marketing or MLM is basically being promoted as a work-at-home business in our times and it is definitely not unjustified in doing so. If you check out the websites, blogs, forums, etc. with network marketing as their premise, you will see that they project themselves as a great business opportunity that anyone can do from their homes. They even speak about how these opportunities can help someone chuck their desk jobs and still make more money. With all this sales pitch, it is quite expected that people have several questions about these opportunities. One of the most poignant questions here is – exactly how good is MLM as a work-at-home opportunity? Is it really better than my existing job?
This is a question that needs to be answered. If you are even remotely thinking about MLM, the first thing you need to find out is whether this opportunity will be good for you.
Mainly, it will depend on how much you have to put in for the network marketing venture. The biggest draw of these network marketing opportunities lies in how they promote themselves as low-investment or free services. However, there are payments to be made. You will need to pay for the initial subscription and to get a kit which will include the product samples, instruction manuals and various materials that you will need to promote the business. This is not as much of a payment as it is an investment to help further your business. In any case, the initial investment if you want to get into an MLM activity will never go beyond $200.
However, the main thing that you need to concern yourself with is the kind of profits that you can earn. Now that will depend on the length of the chain of distributed you are able to make. The more people you can bring in, the higher the amount earned. There is a promotion system in all MLM networks. As you get a particular number of members in your network, your own status gets promoted and you earn better commissions. Then as these people bring in more people under them, your status is further promoted and you can earn more. Hence, it is not easy to pinpoint what your earnings will be, but people are known to have earned millions of dollars a year through online network marketing business opportunities.
One important element is patience. You have to persevere and make people join your network. This is going to be an uphill task and you have to be geared for it. How lucrative the MLM business will be for you will actually depend on how much you are willing to put into it.