Ok I have been racking my brain about this for the past few days and I figured that since I had a forum here I would use it.
I have been shown an opportunity for a certain marketing opportunity that cost very little to be a part of but has the potential to make a decent amount of money. I’m not going to say which one for my own personal reasons but I would like to put out there what my concerns are and then hopefully get some feedback from others on if my thought process is sound and if it would be a good idea or not.
Ok first off I know that when dealing with MLM their is potential to lose some money if you don’t hold up your part of the deal, in other words lets take Amway for example, you pay a fee to use their serivce so that you can sell items under the Amway banner, this also allows you to invite others to join under you, now by doing this you make a percentage of anything they sell and reap some of the kickbacks for every person they get to sign up… and so on and so forth down the line. Your end of the bargin is that you will keep pressing to either sell more product or sign up more people, if you do eventually you will do enough of either or both to cover you annual fees and then start to make some type of profit.
Personally thats were I think the real money is, lets look at it this way… and granted this is losely based on the MLM I am looking at. This one cost you $10 a month or $120 a year to be a part of. Now for every person you get to sign up and pay the $10 a month you make $1 or 10%, I know that doesn’t sound like much but thats when the MLM starts to play in… each time a person that you signed up signs up someone else you get $1 for that transaction, and it repeats up to 5 times down the line, but thanks to branching that could turn into a whole lot of money if you and the people below you have their hustle on.
The reason I say this is good for the company is that for every $10 spent they make a minimum of $5, thats if everyone one has done their job… however if some one is lacking or the person does no work they make $9 or $10 depending on if the person that is doing nothing joined with or without a sponsor… but most have a sponsor so lets just say $9.
Again I see the potential to make money but I also see the potential to lose some, but that isn’t my major concern, my major concern is you… yes you, reading this right now. What will your perception of me be if I start to peddle an MLM your way? To me it looks like a fairly good opportunity and since it is involving technology it is a perfect fit for me. But I value each and every person that reads my blog and if I start talking about it here would you shy away from reading my blog because I may link to my MLM?
I am also considering finding ways of labeling my content so that if I do start up in this it is clearly labled and if you want nothing to do with the MLM part of me then you can avoid those posts all together and move on to content that is a bit more to your liking. Again for me this is all about being open and honest with my readers, though I only have a few I truly cherish each and every one of you.
Thank you for reading this and please comment on this so that I know how you all are feeling about this. I think I have worked out a way for you to use your twitter account to comment so feel free to comment that way as well, thank you for your time!
SGT McClain Reply:
August 26th, 2009 at 6:46 am
Well its more complicated than I posted and you are actually selling a service but I don’t see it that way just because the service is overpriced and undervalued for what it is, so to me the $10 fee is more of a membership fee than a fee for the specific service they are offering.
Sorry that I muddled the waters a bit but I guess I was just calling a spade a spade, because most MLM ventures I have come across may have a product but the product is usually over priced. Thank you for the clarification though!
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