Business systems like this may seem familiar to us. MLM is an extension of Multi-Level Marketing. Actually, this business differs only slightly from other businesses. The difference lies in the product sales system that uses the network (upline and downline). Products are only marketed to members who follow this network. Typically, each time a new member joins, he or she is required to pay a membership fee that typically applies a lifetime and a certain product spend with a minimum amount already set.
But apart from that all, before judging whether the mlm business is a fraud or not, therefore we have to find out in advance about the business. One way is to search the name of the company on the internet and make sure that the mlm business has a review like LifeVantage Review that can let the potential member learn about their product. With the review then most likely mlm business is true. But to further explore this mlm business, then the following explained the advantages and disadvantages of mlm business.
Advantages of MLM Business
1. Unique and Rare Product
You need to look for their brochure and make sure that you can’t found their product in any place except you buy from them. The products sold are really unique and interesting. Most MLM products are herbal remedies or other products that support health.
2. Easy Business Running
Once you join the business, you just look for a new downline by doing a presentation. Each presentation only takes hours. This activity certainly will not waste your time so that mlm business can be run as a side business. Your main task is just looking for downline.
Disadvatages of MLM Business
1. MLM Products Expensive
Most mlm products are expensive. The price is not necessarily proportional to the quality offered.
2. MLM Does not survive Long
On average, mlm members can only survive in this business for 1-3 years. They decided to retreat because the business is considered very harmful to its members. If the downline is resigned from the mlm business, the impact is not that bad. However, when the upline decided to retire from the mlm business, all the downline can dither.