The short answer is yes.
However, most people don’t.
According to an Inc.com article on direct sales, the median income for an MLM rep is about $2,400 per year.
That same article profiles a mom who makes $300,000 per year.
Is MLM a good way to make money?
You can make money just by selling the product. You don’t have to recruit others into the business to make money, even though you may be encouraged to do so to earn more money. MLM businesses are not about taking advantage of anybody. Nobody has to lose money in order for you to make money.
What percentage of MLM make money?
Sixty-three percent of participants join MLM companies to make money by selling the product or service to others. One-quarter (25 percent) made a profit.
How successful are MLM companies?
12 Tips to MLM Success
- Brush Up on the Realities of MLMs.
- Find a Company With A Product You Love.
- Be Genuine and Ethical.
- Don’t Barrage Your Friends and Family.
- Identify Your Target Market.
- Make an Effort to Share Your Product//Business Plan Everyday.
- Sponsor, Don’t Recruit.
- Set a Goal for Parties or Presentations.
Can you get rich with multi level marketing?
Multi-level marketing, sometimes referred to as network marketing, companies typically give you several ways to earn. First, you can profit by marketing the company’s products to others. You can also use the products yourself and essentially become your own customer. Finally, you can recruit others.