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Posted by JG on 11:20:30 10/17/2003:

Lorraine,

I think you hit the nail on the head with your statement, "...it wasn't for me..." I too, have tried an MLM (multi-level marketing) business and did not enjoy it. I wanted it to work because of the "spin" that was presented to me by people that I respected. I still respect those people, but do not care to indulge in their business. It is similar to religion, politics, or fashion... people's opinions of what is good, right, attractive are varied. If we didn't have these differences then everyone would wear the same clothes, go to the same church, and have the same political views.

As far as a business goes, whether you work for one or own one, I think there are two main components that define a "good" company. First, a person must truly believe that their "product" is a good value. It doesn't have to be the least expensive, or the best, just a good value. Second, a person must posess integrity. This is a key componnent in life, too. For the business world, and espcially in an MLM, this means don't mislead people. I don't know anyone who works an MLM 15-20 hours per week and makes more that $20K (US) per year. Now, that doesn't mean they don't exist... they may, but they are few and far between. The "spin" I heard had me believing I could work 15-20 hours per week and make in excess of $80K. Their "spin" was misleading.

In regards to an MLM (and there are a lot of them out there) that sells financial services, I just can't give them my hard erned money. I can buy soap, or make-up, or skin products, or herbs, but insurance and mutual funds and other vehicles are the arena of qualified professionals. I say this becuase I was a "financial planner" for a large, well-known company for a few years. I had my state health-life insurance license as well as my series 7 brokers license. I was relatively successful, not in the top teir but made a living, and enjoyed talking to people and helping them. However, I has issues with selling the "best paying products" versus the "right" products, basically a lot of insurance. I left the company and went on to something else. Look at the training required for a Certified Financial Planner (CFP)


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