Home | Business | Business Net Marketing
It's no secret that when multi level marketing (MLM) is mentioned, many people think of illegal pyramid schemes and other scams. Follow these tips to check out an MLM company and you will be able to avoid MLM scams. 1) Contact the Better Business Bureau (www.bbb.org), the State Attorney General's office and the Federal Trade commission (www.ftc.gov or 1-877-FTC-HELP) and at no charge you will be able to check the records of the MLM companies and will get some great tips about how to safely evaluate them. 2) Check Google and other search engines for "company name + scam" and you will find out quickly if there are complaints. 3) Check out home business message boards and scam.com for bad reviews. Obviously, there are always a couple of people that didn't make money and want to blame the company. Do proper research and you will quickly know which distributor had a legitimate complaint and who was just plain lazy. 4) Go to www.mlmwatchdog.com and see if any problems are posted there. 5) Ask your attorney to review any documents before you sign them. 6) Present the entire program to a trusted friend and see what he or she thinks. Take their advice under consideration. You never know, if the company does turn out to be legit, then that friend is a great first recruit. 7) You should be focusing on selling products or services and not recruiting more distributors. If this is the case, proceed with caution and at your own risk. 8) Be leery of requests to make large purchases up front. 9) All MLM's, just like any type of business, require work. Beware of false promises of easy money making schemes. Beware of guarantees such as "everyone is making money with this automatically." 10) Do the math for yourself. Have a trusted advisor, friend, accountant or attorney check you and make sure that the payout plan is actually feasible. 11) You don't want to sell products or services with false "miracle" claims to them. Actually try to promote the products and services yourself to make sure that you like them and WANT to promote them first and how they work. The MLM industry is one that holds great promise. Unfortunately, there are a few undesirable people and companies. By following your due diligence, asking questions and proceeding with caution you should be safe. Check these things out first!
Information and Articles: http://www.mastersmba.com
Providing Information on various topics, please browse our other Articles for more informative resources, we house information on every topic imaginable so regardless of your needs you can be assured to find the answer here. If you wish to reprint this on your own website, simply click the "Web Version" in the right menu, and you are presented with a pre-formatted document to use.
A lot of the information is written by the Master Article team, and published exclusively on the MastersMBA.com website, and we do our best to research all information to ensure it's as accurate as possible. However at times we also publish documents given to us by other sources, we do examine these documents to ensure they are as accurate and correct as possible however at times they discuss highly specialized fields making it hard to authenticate the validity of every fact in the document. These are written by specialists in their respective fields, and we do trust their integrity and judgment however it's always a good idea when doing any research to consult a number of sources and form your own conclusion based on a number of view points.
