When you’re in a multi-level marketing (MLM) business, you hear a lot of hype about how it’s a great way to make money. You might have even heard people say that if you quit your job and start selling the product, you’ll be able to earn a six-figure income. But what happens when you quit your MLM business? Do you make all that money? In this post, we’ll take a look at what happens when you quit your MLM business and whether or not it’s worth it.
First of all, it’s important to understand that the vast majority of people who get involved in MLM businesses never make any money at all. In fact, according to industry statistics, only about 1% of MLM participants make a profit. So if you’re thinking about quitting your job and starting an MLM business, it’s important to keep in mind that the odds are stacked against you.
Secondly, it’s important to remember that you’re not just quitting your MLM business – you’re also quitting your job. If you switch to an MLM business but make less than you were making before, how will you pay the bills? And if you don’t think it through and quit your job before the business is fully established, where are you going to get the money for living expenses?
Thirdly (and perhaps most importantly), it’s time to face reality. The vast majority of people who start multi-level marketing businesses end up quitting. Of those few people who do manage to earn some money at their MLMs, many more give up because they didn’t like what they were doing or weren’t able to generate any real income with their business.
You should also consider that you’ll very likely be the only person in your household working once you quit your job to sell the product. What are YOU going to do all day? And how will YOU spend YOUR time? If you think you’re just going to sit around and wait for customers to come rapping at your door, it’s time to face reality again. Most of us probably won’t buy anything unless we have to – so YOU will have to go out and find new customers if you want any sales at all!
So, what happens when you quit your MLM business? Well, if you never made any money with it or didn’t like what you were doing, then quitting was probably a good idea. But if you’re thinking about quitting because you’re not making enough money, it’s important to remember that the odds are stacked against you and that you’ll have to go out and find new customers if you want to make any sales.
Furthermore, even if you are one of the lucky few who manage to make money in an MLM business, it’s not likely to be very much. The average income for MLM distributors is just a few hundred dollars per month. And once you factor in the costs of buying and selling products, as well as the time and energy you put into building your business, it’s not worth it.
In the end, if you’re looking for a way to make money, MLM is not the answer. There are far better and more profitable ways to make money than by selling products through an MLM company. So if you’re thinking about quitting your job to start an MLM business, think again – it’s probably not going to be worth it in the end.
