Big money in MLM

[luvwhatido]

Interesting topic

[lywealthmentor]

If you have ever been to the Grand Hotel in Grand Rapids Michigan you can see what MLM companies can buy!

Most MLM companies are not publicly traded so therefore there is not any stock created. Most of the forbes list obviously is rich off stock options and bringing their companies public. That is why I am a big proponent of picking a MLM company that is publicly traded. They are obviously compliant but there is a real vested interest in the management to make things work and do what they can for the reps as the more reps, the more customer, and the bigger the stock price.

Chris

[maryalene]

Originally Posted by lywealthmentor

If you have ever been to the Grand Hotel in Grand Rapids Michigan you can see what MLM companies can buy!

This will sound like quibbling but it's actually the Grand Plaza Hotel.

I actually live about 10 minutes away from the Amway headquarters and have nothing but praise for the founders. The DeVos and VanAndel families are amazingly rich and amazingly generous with their wealth. Grand Rapids and much of West Michigan owes a lot to these two families. Not sure how that trickles down to others in the company, but the MLM model must be working for some in order for the company to be so successful as a whole!

[versativadiva]

Originally Posted by maryalene

This will sound like quibbling but it's actually the Grand Plaza Hotel.

I actually live about 10 minutes away from the Amway headquarters and have nothing but praise for the founders. The DeVos and VanAndel families are amazingly rich and amazingly generous with their wealth. Grand Rapids and much of West Michigan owes a lot to these two families. Not sure how that trickles down to others in the company, but the MLM model must be working for some in order for the company to be so successful as a whole!

I was in Amway many years ago.Wish now I had been smarter to actually see the vision a life can achieve. I wouldn't join it again, too many reps, but I love their products......and think they are a good company What is good about MLM Is all that advertising money that is saved goes to the people involved ......it works by word of mouth and many entrepeneurs I can't spell that LOL.......

I am excited about the one I am in. I have some experience now and can see what the future can hold.
It is like anything, you have to work .........the more you work the faster you will succeed.
And any small business takes work and can fail........but with MLM we can invest much less...........try a $250,000.00 MacDonalds Franchise and have it go up. Most MLM's can be started for a few hundred or less!

People quit when the first person says "NOO!" When we should be thrilled.........It is the NO's that we reach success with. So every day go out and get all the NO's you can and you will get the Yes's!

I think some but not most MLM's are in the stock market.....so maybe Forbes focuses on publicly traded companies? I don't know.