Multi-Level Marketing: The Way Out of Debt?
First off, disclaimer: If you are already running a successful Direct Sales or Multi-Level Marketing business, this entry probably won’t apply to you! This is geared towards people who are considering joining a direct sales company to get out of debt or to break the paycheck to paycheck cycle. I’m going off of some of my own experiences as well as some of those of my friends and family. Second disclaimer: I do not endorse or put down any of the companies that I am mentioning here! They are being used purely as examples of specific business models! Lots of people credit direct sales companies with getting them out of debt, becoming a second source of reliable income, or even completely replacing their full-time jobs. Others talk about being scammed or going into debt with direct sales. For someone struggling with debt, it can be tempting opportunity, but “tempting” isn’t always synonymous with “wise”. Before delving into some things...