October 22, 2015
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.