MLM, or Multi Level Marketing, multi-level marketing, direct sales, direct marketing, network marketing or soft marketing. It has been a popular form of getting money and selling for many years. The MLM industry has been shaped for ages, and the environment is constantly expanding with new people who want independence and financial freedom from the 9-5 job. Multi Level Marketing has both its supporters and opponents. It is very common for the network marketing industry to bring up much controversy. Is it true that the MLM industry can be loved or hated in the same time? Ranking MLM International Portal will try to show you the advantages and disadvantages of this system and then you will decide.
ADVANTAGES OF MLM
- Flexible working hours – each of us loves independence and freedom. MLM provides these two aspects that make work more enjoyable. Most people think that this is the biggest advantage of the network marketing industry. In fact, you need to plan your day meticulously. Direct marketing can turn out to be a positive thing, especially for those who previously worked in a corporation. As you know, in a corporation there are very restrictive rules as to the hours mode and amount of work. In the MLM industry, you are the boss for yourself, and anyone who has had the opportunity to experience work under these circumstances never wants to return to the full time job.
- Non-cost of starting a business – getting started in the MLM industry is very simple. All you need to do is recruit and you are on board the company with which you want to start your adventure. Thanks to the incredible possibilities offered by network marketing, you don’t have to worry about anything, no details and paperwork will bother you. You don’t need an office, secretary or accountant. All you need is a good computer and phone.
- Traveling around the world and other bonuses – who doesn’t like traveling, visiting beautiful places and watching breathtaking views? That’s right .. And that’s not all. MLM companies provide not only wonderful trips but also often brand new cars for the best leaders. This is an amazing opportunity to feel and achieve the luxury that may be at your fingertips.
DISADVANTAGES OF MLM
- Lack of property – this is one of the biggest disadvantages of MLM. When joining the ranks of network marketing, you should take into account that the company is only represented by us. This means that we are not able to own it or receive shares in it. We have no direct influence on changes in its structures, operations, direction of development or planning within the path chosen by the company.
- No impact on product prices – this is another undoubted downside of the MLM industry. As distributors of the company we work with, we cannot directly price the products. They are imposed by the manufacturer. As a result, each distributor has to try very hard to sell the product at no competitive price on the market of the same company. In addition, it is not worth introducing sales or promotions on your own, because it is simply unprofitable.
- MLM confused with a financial pyramid – The misguided system that is the curse of network marketing. Many people, as soon as they hear the phrase MLM, immediately get discouraged by it. Why? It is worth considering this. For all distributors and network marketing leaders, breaking the barrier and the stereotype of soft marketing as a financial pyramid is a very demanding job. MLM is a legal industry.
The editors of the Ranking MLM Portal presented the advantages and disadvantages of network marketing, which we believe are key. Do you want to share your thoughts on the pros and cons and want to present yours? Make sure to leave the comment or message us.
