Article Warning Newbies Not to Join New Multi-Level Marketing Companies
February 9th, 2011The Top 3 Reasons You Must Reconsider Signing Up With a New MLM
Unquestionably, the stories of multi level marketing outliers who got into MLM organizations like NuSkin, Amway, Herbalife, and Shaklee in the beginning and who are now incredibly wealthy encourage and motivate persons just starting in the business. However is getting in with a start-up all it’s cracked up to be?
The Facts Are Not In Your Favor With New Network marketing Companies
Let’s examine at the industry figures, shall we? A lot of multi level marketing experts estimate that 9 out of 10 new multi level marketing companies go bankrupt within the first two years. As authority and long-time industry coach Rod Nichols states in his book, Successful Network Marketing for the 21st Century:
“This means that if you choose a company that is under two years old, you only have a ten percent chance of success.”
When you view the possibility of getting involved with an MLM start up from that perspective, it positively makes it much less appealing, doesn’t it?
So Is It Worth The Risk?
Is it really advisable to get involved with a new MLM? For many experienced networkers, the response is a certain “no”. Research any new direct selling company carefully prior to joining, and check out their management, products, and network marketing software prior to making a final decision. There’s no sense playing the new multi level marketing company lottery, unless you are absolutely certain you are holding the prize ticket.

