Multi-Level Marketing is not a Fast way to Financial Freedom
Avon, Mary Kay, Amway, Nu Skin, Herbalife Nutrition, Beach Body, Forever Living, You must have heard one or two of this names and maybe you are very familiar with them. I heard you say they are beauty companies and companies producing medications such as vitamins and so on, yes, you are right but the truth remains that they are involved in Multi-level Marketing and since this is not a crime, it is MARKETING. Did you just laugh? These companies are net worth in billions and they rake in millions of dollars every day.
A lot of these companies sell products but they emphasize more on hope and self-growth, also they always preach a million dollar financial freedom. This companies use people close to you from best friends, neighbors and so on but yet they make you buy the product from them and leave you to do the selling yourself.
MLM comes with telling you how people have done it and made a successful career doing it, how they see you fit for the business (not the job), MLM comes with seminar which is supposed to be for a business but you end hearing about how people introduced a lot of people and got rich by buying several products which they sell to their down line who in turn sells it to their down line and then sells it to other people. MLM always fall under companies selling supplements, hair treatments and many more with no true marketing but using humans to sell their products thereby using several multi party referral.
I cannot say if MLM is a good or bad form of investment but it is truly not a good way to become financially free or enjoy financial freedom all round.
I have hear about this MLM most times but quite know few details about them.
I will appreciate if you can make a post about them next time also
Hello friend if I have heard about this type of business, in my country I have seen this type of companies that commercialize imported medicines, but behind them is the multilevel marketing that you mention.
See you later, have a happy weekend 🤝
Hello @ben-edom.
Thank you for sharing this analysis about multi-level marketing, in which you explain to us that it is not a quick way to achieve financial freedom, greetings and thank you for sharing this post.