Wednesday, January 24, 2007

To start with a concept MLM

Multi-level marketing has worked wonders for many people around the globe. It is a way of ea rning profits by associating with the company as franchisees or contractors and selling its goods while bringing in more associates. This business model has been successfully implemented by many businesses and individual entrepreneurs. However, it has its flip side too and many businesses have suffered because it often became difficult to differentiate between serious and legitimate MLMs and those pyramid schemes which promise the moon. Also MLM companies are using the internet in a big way and there is no dearth of Online MLMs.

Amway one of the largest direct-selling companies, instantly comes to the mind when we talk of MLMs. It generated a retail sale of over 6 billion dollars in 2005, so says its website.

However, it has also been criticised because many of its established associates began their own companies for selling some kind of training for Amway newcomers thereby earning more!
In my future blogs I would try to pull in some cases regarding online MLM and how they are growing every day

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