The company I work for is going through some tough financial times right now, just like many other businesses out there. While I'm fortunate to still have a job, employees are being forced to take one furlough day per week, which has resulted in a drastic 20 percent salary cut. I cannot keep up with my bills at this pay rate, so I've been looking for a way to supplement my falling income. I've applied for every part-time job within a 20-mile radius of my home, but nothing has come through yet. But instead of waiting around for that next burger flipper gig to open up, I'm currently checking out MLM business opportunities as an alternative.
I know that multi-level marketing has a somewhat negative connotation associated with it, but from what I've learned, that has more to do with a few bad seeds in the industry than with the revenue model as a whole. In fact, there are plenty of folks who make a very nice second income by selling products from Amway or Mary Kay Cosmetics, which are two of the better-known MLM business opportunities out there. Both of those enterprises have been around for a long time. That tells me there's something fundamentally sound about those companies.
But I'm not all that interested in what Amway or Mary Kay have to sell, so I'm going to continue to investigate other MLM business opportunities. From what I've read thus far, one of the main keys to success in this type of venture is to really believe in the product. I don't have much sales experience, but even I know it's easier to promote products that live up to the hype and actually perform as well as the labels promise than to have to try to peddle duds to unsuspecting dupes. So for me, the product itself will be just as important -- or perhaps even more so -- than the commission schedule and earning potential of the various MLM business opportunities out there.
Of course, there are several other aspects to examine before getting involved in any of the MLM business opportunities out there. I have to make sure I check out each potential investment to see what current and past members have to say about their experiences with a particular outfit. Furthermore, I should try to gauge what the general public opinion about a certain company is. Figuring out how well-received a company's name is should give me a decent idea of how hard or easy it would be to sell merchandise bearing that name.
I'm not going to jump into any of these MLM business opportunities with my eyes closed. I know that there are scams out there, but I'm not going to let the bad apples spoil my chances of making a better life for myself. I think as long as I have reasonable expectations and perform due diligence before signing up, I can make something like this work to my advantage.