This weeks episode will be pre-empted to bring you a realistic look at the multi-level -marketing business. As a personal trainer I get these offers all the time. Everyone I talk to is making 6 figures and counting down the days until they can quit working and do this full-time. Really?
After listening to a podcast that was a thinly disguised pitch for their MLM company, I decided to actually check out the website and crunch the numbers. So why is multi level marketing generally a bad idea? Let's look at the choices.
The "associates" have no idea what they are selling?
The "associates are forced to buy huge quantities of supplements to keep their dream alive?
The vitamins are horrifically overpriced?
The chances for success are nearly zero. .005 to be exact.
Listen, far be it for me to tell you what to do. In this podcast I go to the actual website and using their percentages to figure out what your odds are for success.
Again, I don't begrudge a company choosing to distribute their products this way. As far as I can tell, they are good products. My only question is do I realistically have any chance for success if I choose to participate.