(5) Make Money in Network Marketing or MLM

It has been said that 10% of new millionaires in the US over the past ten years have done it by building businesses through network marketing.

The highly respected Forbes Magazine forecast that an incredible 79,000,000 new home based businesses would start over the next three years.  That’s over 500,000 a week – and just in the U.S.

Now that’s certainly not to say that the MLM business model suits everybody. There is always a rather large drop out or failure rate, but then that holds true for pretty much any business, online, offline, MLM or whatever. Most Businesses do tend to fail in their first 4 years, but out of the tens of millions that are started each year, there are plenty that do succeed.

 You must be prepared to “network” with likeminded people. People who join network marketing companies and do nothing never get anywhere. The only way to succeed is to get involved and build your business

You must have some marketing knowledge, or be prepared to learn some. The internet has been a godsend for people looking to generate leads to any type of business. Gone are the days when you had to run newspaper, classifieds, radio ads or letter box drops in order to generate leads. You must be prepared to do some real work To be success in your business you are going to be spending quite a bit of time talking about your products, so make sure it is something you can relate to and get excited about selling.

Here is a list of some of the more popular network marketing companies running today:

• AVON (Makeup & Cosmetics) – Visit Website
• Pyxism (Holidays & Vacation Deals) – Visit Website
• Mary Kay (Cosmetics) – Visit Website