It is advisable to the "Multy Level Marketing" business? What is the success ratio in this business?

Question

As many compnies are entering in the market with some product, company says that we will give like this. In the initial stage the company is performing well, but after some months the company is getting closed down. So what is the success ratio in MLM Business? It is advisable do it or not? On What concept it works?

Answer 1

It depends on how you define "Success".  If you define success as earning a few hundred dollars a month, then you have a higher chance of success.  If success is earning $80-$100K per year, then your chance of success will be lower.  The trade association that represents the Direct Selling industry (many use a MLM compensation plan) states that the the median (50% above, & 50% below) annual income for direct selling distributors in the United States is $2,500 a year, or just over $200 a month.  Is it possible to earn a 6 figure salary...sure, but it will take a considerable effort and time for you to build your business to achieve that level.

Do your research, avoid companies that promise you riches with little to no effort, and if you decide to pursue it, select a product that you are interested in (will you enjoy yourself more if you sell a product that you enjoy using, or a product that you have no interest in?)

Answer 2

Multi Level Marketing results can vary greatly.  I am not sure that you can put an exact success rate to such a concept.  Some people make money, some do not.  Be sure to investigate whatever it is that you are considering before investing tons of money.

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Answer 3

mlm has a 97 percent frailer rate....I work with a non mlm company that has nothing to do with selling...

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Answer 4

I haven't seen anyone who has ever made any money with any MLM business... and being in the holistic health scene, I've seen quite a few come and go.

If you are not in the topmost eschelon at the onset, you are wasting your time and money, and most probably ruining your reputation.

Answer 5

success ratio depends on your ability to promote the product

Answer 6

It is not commonly recommended to get involved in this type of marketing practice. Should you choose to peruse this type of business, you must exercise due diligence prior to getting involved.

The success ratio is 3% at best.

To be a part of the 3% that do make a profit, you have to think smarter then the 97% who fail.

Many of the 97% fail to make a profit because they find out the business is not what they expected. This is why it is crucial to understand what the industry is about prior to getting involved.

Answer 7

Success ratio in this business= 3%.

If you think you have ability to have part of 3% ,then go for that ,otherwise keep away from such work!