2008
Is MLM a Good Backup-Plan
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When the jobs market is working against you, you’re on the dole and wondering what to do next, is multi-level-marketing an option?
Although I’ve never been a great fan of MLM, or network marketing, as it’s called, many people are raking in substantial fortunes from MLM every year … and the number is increasing.
The bad press that MLM got from such things as the airplane scheme and other pyramid schemes which are illegal, was unfortunate, but has been hanging around ever since.
There are some drawbacks to MLM, but essentially, if you have a good, reputable product, work hard to establish your client base, you can do well. The challenge is to find an MLM firm with a product that doesn’t require you to keep stocks (and outlay the money for them). If you find one with a low start-up cost, you can go ahead without having to outlay thousands of dollars.
The great advantage of MLM is that you reap in a residual income. It’s like buying an insurance policy. The people who sold it to you get a commission every time you renew your policy. This continues as long as the policy continues.
A good example of a low cost MLM opportunity with a sound product where you can bring in a residual income is Global Domains International. GDI sells Internet domain names for $10 per month and gives a 10% commission on each domain name sold. With the domain names comes a generous size hosting account, email addresses, and much more as well as an optional MLM business. Every week they publish a list of leaders who have received a bonus as well as signups. Here’s a cut and paste from it:
$1900 97 Ash Mufareh Corp Hollywood FL US
$900 46 Brian Bear Taylor MI US
$600 33 RoundGoods Consulting Group, LLC. Provo UT US
$300 19 Tim Sebert Waxhaw NC US
$300 18 Sanjinka Ostro Sarajevo Bosnia BA
$300 16 Paul Nicholls Great Yarmouth GB
$300 15 Kanitta Kaisorakul Nonthaburi Nonthaburi TH
The first amount in dollars is their bonus for the week. Yes, one week. Next is the number of sign-ups for that week. Look at the last fellow … in Thailand. He signed up 15 people who will earn him his $300 this week and $15 per month for as long as they keep their accounts. Doesn’t sound like much, but sign up 10 or 15 every week and you can soon see the long term potential.
Promotion of this type program can be very cheap and effective. If you think it’s something you could do, check it out at http://www.web-names.ws. It might save you from a life of welfare.
Robin
“Think success - achieve success”
PS: You can get a 7 day trial account with GDI here: http://www.web-names.ws
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