Credit Repair MLM, is it possible to make money in the MLM?

So I was seeing the various topics on here, from real estate to online sales etc.. I am doing a couple of those things specifically real estate and online sales.
I have actually been MIA for the last couple of months because I am trying to create independence from my current job and I went head first into some of the above mentioned investments. Now I'm back and if you follow my log you will see I am trying to get my mind and body back together.


But I wanted to start a topic on if MLMs, start a log on the one I'm work with now and perhaps offer marketing tactics to you guys who are in a similar business.


I was in MLM in college. This specific MLM did not work for me because no one wanted to buy the over priced products and I could not find anyone who wanted to spend hundreds of dollars to join the business.

It seems that generally all MLM have the same short comings, either the product sucks, is overpriced or it costs too much to get involved.


I personally think there is nothing wrong with being involved in an MLM. An MLM is basically just the way a workplace actually works. It could be a great opportunity to make money as long as there is a good product and it doesn't cost money to get involved.

I am currently involved in a free credit repair MLM, which I feel like if marketed to the right people could really make some money.

So what do you guys think about MLMs and do you guys know of any free MLMs where you don't have to buy any products and there is no start up costs?

If there are "no start up costs", beware. There is always some cost to start a business MLM or otherwise. Anyone with half a brain will realize it's literally too good to be true. After all, where's the profit if there's no money to get in? Is it based on good sumaritan deeds?? 'We'll letcha in for nothin, and here's some money for your hard work, no strings!'?? I have a lot of experience with them myself. I was in several over the course of a few years. You can indeed make very good money in them. I met a handful of legit multimillionaires from a few companies. The key (main) is to know people. The people who made the most money knew the most people. Don't kid yourself, or waste your time if you have a "cold market". The chances that you can suddenly become the next success story based solely on your own excitement, and motivation (you burn out of both fast trust me) are slim to none. People who are big centers of influence do very well in these companies. Former athletes, politicians, ministers, real estate agents, etc. People who could buy their way into these companies also tended to do very well. Hispanic people often do well in these businesses as well. It's just a matter of fact. Many Hispanic people come from massive families and what they tend to do is recruit a large number of their friends and families and suddenly, Julio is the next big thing in XYZ Co. I saw that a lot in Herbalife and Melaleuca.

Beware the folks who use the "fake it till ya make it" approach/mentality to these businesses. They will drag you down with them and it will often be in a pile of credit card debt. Big spending and loans based on the money they just know is right around the corner. Seen it happen and seen it destroy at least a couple marriages. Also, learn to read between the lines. There's rarely a legit overnight success in these companies. There's ALWAYS some part of the story they leave out to make it sound more appealing. One of the "big guys" in one company I was involved with supposedly got his start as a "broke college kid living in his moms' basement raising gold fish for extra money". I later found out there was zero truth behind that story and that in reality, he inherited some money, initially built/bought his way into another similar company, found the next one with a better compensation/payout plan and basically moved his entire downline into the new company.

Just some early morning brain barf.

If the product is high quality and demand. They don't need you to sell it.
(Lets say apple)

So that leaves the company to find the best sellers for their mediocre product at best.

Now how would you find the best seller?

By making him buy hos way in to the company? Or by buying him into the company!

You have to ask yourself if a company can survive by just selling stuff to their "sales men" in most cases that is what they will do.

Im not saying MLM doesn't work.

Im just saying it's a really hard way of living the easy life.

And it is filled up with pichtes abput people who did it! How good their products are etc. It's all about sales pitches.

And if you want success your best bet is to be a baby momma. With a big group of moms you will meet daily

The regular customers are usually these as the 'being part of something' is worth more than the actual product

Not necessarily. Many people do very well in MLM/Direct Sales. Keller Williams is a hybrid example of MLM with real estate. Many people in fact don't even realize KW IS Network marketing. You get a real estate license and then you join KW. They allow you to recruit and build teams and open offices. Many MLM companies have similar models. Just because you have to "buy in" doesn't mean it's a scam, or the company can't "survive" without you. People who get recruited by the wrong people into MLMs often get left with a bad taste in their mouth, but there are in fact good companies out there. Other companies off the top of my head with very good business models built around good products include Herbalife, Mary Kay, Pure Romance, Melaleuca, Keller Williams, to name a few. Again though, it's hard to "make it" in many such companies if you come in expecting more than what you bring with you into the business. If you are a loner without a "warm market" of people to present your products to, you likely won't do very well. It IS possible to make decent part time money...$500 or so a month which these days isn't anything to cry over, that's a nice car payment for many folks, but most people don't/won't ever do much more than that. It's the nature of the business.

It takes a unique, dare I say "coach" mentality for these businesses. You have it or you don't. If you can't draw people to you, get them interested in what you're into, and get them to follow you as a leader, you're likely to stay at the part time level with most of these businesses.

Lol Stillwantmore: "Hispanic people" do well in MLM. I thought that was funny and then I saw your logic behind it and it made sense.

Well Aimingforthetop, I wouldn't agree with your comment, "If the product is high quality and demand. They don't need you to sell it. (Lets say apple)." I mean logically I can not agree since it is refuted right there in your statement. While apple is in high demand, do they not hire salespeople to sell their product? Actually every product has some type of sales force behind it, be it word of mouth or advertisements or something .... Nothing sells itself. I think the issue is you look at MLM and you completely separate it from an actual employee; however, a MLM employee does pretty much the same thing as an actual employee just that they are paid on commissions. I know the company I work with has a tradition employee side and an MLM side so they are capturing both sides of marketing.

I worked Quixtar in college and it was terrible. They had really high start up cost and the products are over priced so it made selling hard. I believe I may have done better if I knew more about marketing back then but I didn't but still it was overpriced.

I think you are right stillwantmore, you do need a big amount of influence but at the same time it is possible to create that. Like for example I don't have thousands of friends on my facebook; however, I can post in groups, create craigslist ads and make youtube videos and social media takes care of the rest. I believe knowing a bunch of people early on can definitely help; however, as long as you know some people that know a bunch of people then essentially (if we are talking MLM) you have access to those people too.

While I have been involved in my current MLM for about a month, I started doing searches for other MLMs. It seems so many MLMs are complex and you gotta jump through hops and do surveys and all kinds of stuff and nothing is simple and direct. Has anyone else noticed this?

Yes I have noticed that.

I don't see how you could make money off of the product if there is no startup cost. It's more like tons of people will sign up and do nothing and you just have a huge downline of people that aren't making you money. I'd have to see the compensation plan to better understand this.

I still haven't seen anyone who could make this stuff work legit

And i still don't see it as a legit business. By anymeans people make their own choices.

If you want to hire people with no deposit. Then you just need to build it around a central storage system. So each individual seller simply just places peoples orders at the same place. (Direct line between customer and storage) and then the seller collects his fee.

But it will not remove the need for a demonstration package. For the seller. So thats a problem

Network marketing works, to make it work you need 3 things at minimum. A target audience of prospects (friends and family or not large enough group or may not be interested), a way to stay in touch with them because most people don't say yes right away, a way to help people who are serious (most aren't) create results quickly.

The biggest reason people fail in any network marketing business, is they don't have leads - they spend all their time trying to convince people who are not interested - so they think they're working but they are actually wasting time and hoping.

Lastly, on the making money end - people are focusing on the wrong end of making money - they are looking to create wealth right away (lottery ticket mentality) or their focusing on replacing there current income (giving up a steady paycheck for the same money in a business is stupidity because of risk). To succeed you can't live of the money in the beginning - look at it this way - anyone earning 100 per month could focus those funds on paying off debt then investing - because it's non essential money. Using it as essential money that's needed to quick is throwing a log on a spark - it will smother it, because of pressure.

In other words, the key is learning to make small money which is pretty easy, once you do that teach people interested to make small money, then teach them to teach and keep going, it pretty simple - but takes time.

The hard part is that it requires people to go from an employee mindset to that of an entrepreneur, that's the real journey - because most people are focusing on products and recruiting and making big money fast. Those people need to realize that you NEVER start a sweat equity business to make money now, network marketing is a sweat equity business - it's not a turn key business.

Good luck

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Thanks

Ive actually been thinking about making a MLM company
Being at the top of the pyramind is the only real way to make real money with this