Fact,Myth,MLM,Pyramid,Scheme,m business, insurance Fact or Myth: MLM is a Pyramid Scheme (myth)
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http://annettapowellonline.com - Multi-levelmarketing is a form of earning money, especially on the internet, that hasbecome very popular in the past few years due to several reasons. Thesecompanies claim that they offer budding entrepreneurs a part time income - oreven an extraordinary income that most other businesses or careers are unableto offer them. This is actually the hallmark of attraction that the companiesuse in order to command large followings. In addition to this, it is also theirdefense when it comes to the charges that they are pyramid schemes. The bigquestion here however, is whether these MLMs are fact or myth. In general, the legitimacy thata business which operates under this notion depends on the validity of its earningclaims. This is mainly owing to the fact that these earning claims affect morethan 5 million budding entrepreneurs in the United States region each year; andmany more across the world. Studies reveal that approximately 99% of people whoare involved in MLM usually earn $14 less in a week with regard to the rebateincome. It is important to understand that the figures actually represent thelosses that are incurred, because when you deduct the taxes, inventorypurchases and business expenses, there is no profit earned. Moreover, it hasalso been discovered that there is no net income that door to door sales peopleusually make from selling the network marketing products.Most of these companies coverup their losses by only releasing information about successful marketers.Besides, the time frame that is under consideration here is usually a one yearperiod and in some cases even less. It is a well known fact that these companiesnormally do not release the data that show the actual average incomes. In otherwords, should all the participants of a given network marketing company beincluded in doing the calculations in a time frame of 5 years, the failure ratewould even be higher. The statistics reveal that only one person in a 1,000gains a substantial amount of profit.The business models that mostof the MLM companies use are usually ineffective, because they fail to preventthe loss of millions of dollars that have been invested by buddingentrepreneurs. This is a very sad fact owing to the reason that the mostindustrious and talented participants also fall victim to this statistic. Theeffects of these companies as a result usually also include break up ofmarriage, damage to credit worthiness, general impoverishment and it alsodegrades the community. These companies usually operate under the notion thatthere is an endless opportunity of earning income because the chain of peoplethat you are entitled to recruit is also endless. When you look atthese companies from this perspective and take into consideration the factspresented, you will become more enlightened and aware of what you are gettingyourself into. For more information, please visit myblog at http://www.annettapowellonline.com. See you there! YoursSincerely Annetta PowellYour Professional Success Coach
Fact,Myth,MLM,Pyramid,Scheme,m