Is Multi-Level-Marketing (MLM) all that bad?

There’s a post about Multi Level Marketing (MLM) that I wrote before. Generally, I’m not really into the whole MLM business (though this could change in the future), as you can see in that post. However I do see quite a lot of merits with MLM.

1. Ability to Network

In the MLM business, you get to meet a lot of people from different walks of life. By doing this, you’re establishing a vast network of business contacts that can be utilised in your future undertakings. Contrast this with stock trading (one of the activities that I’m doing right now) where the only person I talk to is my broker/remisier.

2. Salesmanship

This is another advantage of MLM. You get to learn about the art of salesmanship. If you’re already a good salesman, you’ll become an even better salesman by taking an active participation in your MLM business. Plus, as per my understanding, most MLM companies organise many courses for their members.

Indeed, salesmanship is very important in business and I have to admit, my salesmanship is really not that strong.

3. Learn about People

As I said in point number one, you get to meet a lot of people by being in the MLM industry. You will then be able to learn about people and learn how to deal with them. A definite advantage indeed.

4. Financial Freedom

If you do it right and under the right circumstances, there’s the prospect of becoming a millionaire as well as being financially free. Yes, I have seen folks getting rich through MLM.

In a nutshell, even though I am not really a proponent of Multi-Level-Marketing (MLM) businesses, I do acknowledge that there are opportunities available in that industry.

Do share your thoughts about MLM in the comments section below.


Disclaimer: This article is not a specific nor general advice on managing or investing your money. This article does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs.

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