Over the past few years MLM programs have been getting negatively portrayed in the mainstream press. However what news stories are doing is lumping legitimate MLM business models in with illegal pyramid schemes like chain letters. They seem to forget that some of America's largest companies like Amway, Tupperware, Avon and Monavie are MLM companies (most with revenues of over One Billion Dollars Per Year).
To find out if MLM is a legit business model, let's stop looking at what some people are saying and let's look at what a couple of the world's richest people are saying. . . and what they are doing!
Warren Buffet:
Warren Buffet at a time surpassed Bill Gates as The World's Richest Man. He did this solely through smart investments. This should make him the ultimate authority when it comes to making money.
In 2002, Warren Buffet bought the MLM company "Pampered Chef" for one billion dollars. In a press release Buffet said, "We are extremely excited by The Pampered Chef. Doris Christopher has created from scratch an absolutely wonderful business". See the official Berkshire Hathaway (Warren Buffet's company) press release here. . . www.berkshirehathaway.com/news/sep2302.html
Warren Buffet also recently purchased "Discovery Toys" which is another MLM company. Altogether, he has since bought additional 4 MLM companies.
Now, if the richest man in the world is putting over a billion dollars into an MLM business model and says it's "an absolutely wonderful business", then that's proof that it's a business model that works.
Donald Trump:
Donald Trump teamed up with best-selling financial author Robert Kiyosaki and wrote a book on creating wealth called "Why You Want To Be Rich". In their book they recommend some MLM programs because it gives people the opportunity to quickly create their own business.
When Donald Trump was on the David Letterman show in 1998, he was asked what he would do if he lost everything and had to start over again. Trump said he would find a good network marketing company and get to work.
A member of the audience shouted out a "boo" and Donald's very quick reply was - "That's why I'm sitting up here and you're sitting out there!"
If two of America's richest and most savvy business people are turning to MLM, then it should be considered a viable business model that is worth diving into.
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