Money In MLM
As anything there are pros and cons but I truly believe MLM is a great industry. There is money in MLM for those willing to work for it. The sad part is most people quit before they start, or start and never finish.
MLM is an industry where you get paid for what you start. In the beginning what you start sometimes seems so small people think it’s not worth it. That is where they are wrong. If they just stuck with it, and gave it time to blossom they would learn that really truly is money in MLM.
Let’s do a What if comparison. Suppose you started an MLM and worked very hard for about 5-6 months. After getting your business started, you look at your checks and find you only earned $200 after expenses. You begin to think about how hard you worked and how little that seems.
On the other hand how much money would you need in savings these days, to produce a return of $200. Most banks, pay in tiers today. I know one of my banks only pays .5 % and that is if you have OVER $50,000 in the account. If you’re lucky you could find a bank paying .6% but again mostly likely you’d need ever more money to get that rate.
Let’s do an conservative average. If I had $200,000 and I was lucky enough to find a bank paying the .6%, I would make a whopping $120 on that money. If I had to settle for .5% its would be only $100. Now if put in $340,000 I would earn $204.
If you went and invested my money in the stock market instead, unless you’ve had better luck than me over the years you may be fortunate to get 5% return. These days that is a good number, but risky at best. Years ago I put $150K into mutual funds in the stock market, and unfortunately, ended up with $60K before I pulled my money out and put into an annuity paying a whopping 4% compounded. That was about 8 or 9 years ago and today it’s worth about $80K or about half what I had before I messed with the stock market. You can see why I don’t like investments.
Think about that $200 you earned, and keep on moving forward as what you built to get to that $200, will continue growing and compound as well. NEVER quit. Keep moving forward and give yourself time. There is really money in MLM over time, if you don’t give up.
I know if I can do this anyone can. I hope to see you at the top one day and celebrate your successes with you.