Which MLM Company should you partner with?
There are so many “Opportunities” out there who use the MLM Business model that choosing one can be quiet a challenge. If you don’t know what to look for, you might find yourself signed up to one of those Ponzis or Pyramid Schemes.
Fortunately, there’s a way for you to check if the ‘”Business Opportunity” being presented to you is legit or not. In this post I’ve put together a list of 6 things to look for before signing up with any MLM company.
1. Find Out How Long they’ve been in Operation.
Some people will sell you on the “Ground Floor” idea like it’s good thing…Well, it’s not.
The “Get In Early” pitch is a dead give-away that what they selling you may not last long. What they’re actually telling you is that “if you get in early you have a chance of making money before the whole thing collapses”.
What you should look for is an MLM Company with a Compensation Plan that has stood the test of time. If the Comp-Plan has survived for more than Ten Years (and people are still making money off it,) you can be sure that it is a solid plan.
2. Investigate The People Running The MLM Company.
If the people running the show are hidden behind a veil of secrecy, “smell-the-rat”. People who are running a legit business don’t hide. However, if the sole purpose of the business is to defraud you, those behind the “scheme” will want to stay anonymous.
Sometimes, people who were previously busted for running an illegal “Ponzi” scheme will come back under a different business name. So, check if the current Company Directors don’t have any “skeletons in their closets”. The simplest way to do that is to “Google” them…You’d be surprised at what you might discover.
3. Know Where The Money Is Coming From.
One of the simplest way to make sure you are not joining a Ponzi Scheme is to make sure you know where your income will be coming from.
In a legit Business Opportunity, income is generated from Real Product Sales or Services. In a Ponzi Scheme, incomes is largely generated from recruiting new people.
Now, some Ponzi Schemes may put up a product (or products) to make the whole operation look legit. However, if look closely at their Compensation-Plan, you might find that the products/services offered are just a front. Therefore it’s up you to scrutinize their company’s Compensation Plan carefully.