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Network marketing is constantly targeted by "scammers" as immoral, unethical, and even illegal. Is it a legitimate business?

Let's first take a look at network marketing.

When there were no electronic media, or even printed media, and no organized form of advertising at all, word-of-mouth was the primary method of promoting goods that could be exchanged for money. The modern network marketing model is no different. This is simply the sharing of our product knowledge with others. We have a multitude of resources at our fingertips to market our products and services. What is it that MLM critics dislike about the industry?

Is it because of the pyramidal (multi-level) income structure? It is unlikely, as all companies are structured as a pyramid. From the CEO in the top to middle management and the lowest-paid employees at the bottom.

Many people claim that the products they sell don't have any real value. This may be the case in some cases, but do you honestly believe that Tupperware has not been of any use to anyone for the past 50 years?

How many "stay-at-home moms" are you aware of who have made extra money by selling Avon products to their friends and family?

Network marketing has been transformed by the evolution of social media and the internet. However, this has also brought with it an avalanche trash. Unreliable and unethical (in some cases, outright criminals) marketers promote all sorts of garbage in a manner that lures people into believing they can make money quickly by joining these "schemes". You will not get rich by joining an automatic online scheme 에볼루션카지노.

Inadequate policing of the industry by the relevant authorities is a part of the problem.

These home-based business opportunities often use pseudo products, such as software and information presented in books or CDs to meet the legal requirements for qualifying as a legitimate business. This same information can be found elsewhere at a much lower price or for free.

The majority of people who join a MLM opportunity for the very first time do not understand the compensation plan. They are instead lured in by the promise of long-term residual income. However, they don't realize that the plan in most MLM companies is designed in such a manner that a large downline team of thousands of people would be required to earn any significant residual income. Many people don't realize that they are taking on a real business, which will require substantial time and effort as well as ongoing promotional expenses.

Most would-be entrepreneurs do not perform due diligence and end up getting burned, causing them to doubt the entire industry.

What keeps people from entering an industry with a turnover of over $100 billion per year if they know that the majority will fail? It's human nature, of course. Knowing that others have succeeded despite the odds means that there will be a constant flow of wannabes to replace those who fail.

If the failure rate of over 90% were true, the industry would be in ruins long ago. The vast majority of people are making extra money, even if 90% may not be rich. Robert Kiyosaki is a business guru who supports multi-level marketing. He says that you can't lose money by making a profit.

People from around the globe flooded into California in the 1850s after the discovery of gold. Some people made huge fortunes but most returned home with nothing and were disillusioned. They were even poorer when they began. In the history books, I can't find any mention of the gold rush being a scam. They tried, but failed. That's life.

It could have been because people had a different perspective on life or because the legal profession was not as sharp at recognizing its own opportunities to make money as it is today.

Some in the legal profession are calling for network marketing to be completely outlawed. But what will this "nanny-state" mentality achieve? They are denying people the right to free enterprise. Multi-level marketing is banned in some countries, but why should anyone be denied the chance to make their fortune when they claim to be champions of freedom?

Network marketing is a legitimate business. Yes, many people fail, but that doesn't make it a bad model. Many people invest in the stock exchange and lose money. Is it a scam to invest in the stock market? Most people lose more money in gambling than they do trying to start a business, but I haven't heard anyone call for the outlawing of casinos or horse racing.

Traditional careers are now less secure than they ever were before. The jobs that lasted through the entire working life of previous generations are disappearing. The downsizing of corporations and the outsourcing of manufacturing to third world countries have left a large number of people with an uncertain financial future. A home-based business can be a great way to supplement your family's income.