MLM industry has bad reputation
Today’s topic is “MLM industry has bad reputation“. Today we will talk about some such reasons. Due to which the reputation of the MLM industry has deteriorated.
While studying these reasons, keep in mind that this is just my opinion. I have a positive attitude towards the MLM industry. I am not opposed to any particular company. Rather trying to remove their stigma.
MLM industry has bad reputation- Why?
Now we talk about the reasons that have spoiled the glorious reputation of the network marketing –
1 decrease in product quality
There are many such companies. Whose products are not very good. There are some companies which have their products, but they are very expensive and not used by all people. Because of which individuals do not spend money to buy those products, therefore I support the same company. Those whose products are of good quality, their products are useful in daily activities and cheap.
2 Some Important Flaws of MLM Industry
Many companies come and go in business. Many companies disappear overnight. We have heard the sad story of many such people. One who works hard and builds a big company. But that company is declared insolvent overnight and closes. Which not only causes harm to himself, but also his team.
This does not mean that all companies are bad. There are some companies that change the future of people. So it is my opinion that whenever you form a team with a company, make it thoughtfully. Work with companies that have completed at least 10-15 years in business. With this, they have quality products.
3 Many people fail to make money from it.
It is a bitter truth that not everyone can succeed in the MLM industry. Here some people make a lot of good money by working hard, so some people earn some amount of money and most people are unable to make money in it.
In addition, it requires hard work to be successful. Due to which people fail in this business and leave it. It is very difficult to form a very successful team with these people.
There are significant false hopes for the deterioration of its reputation. Here people are given false hopes that they will become rich. Such people work for a few months, but leave later.
4 Greed for false recruitment
One of the reasons for ‘MLM industry has bad reputation‘ is to lure people into hiring. There are many people who give people hope of false jobs to build their team. But some time when they come to know about your lie, then their trust is lost and they hate such companies. In addition, he also advises other people to avoid such companies. That’s why you tell the truth and be professional.
5 Inability to understand sales, marketing or entrepreneurship
One of the reasons for the poor reputation of the network marketing industry is that people get poor representatives. New people do not experience them for the first time because of doing such work. They are falsely convinced that they can earn money sitting at home without any experience. Their brain does not develop for this. He leaves the business before his mind develops for this business. Many learn this business, but it takes time. It requires patience, hard work.
6 Internet and Social Media
Internet and social media are negative things for businesses like MLM industry. I believe that due to these, the existence of such companies can be endangered. If something is true here, then something is wrong. Due to this, it becomes difficult to distinguish between truth and untruth.
MLM offers all the products of the industry at a price to the customers. It sells that product like Amazon or eBay for less than that price.
7 Scam has happened before
Due to this bad habit, people lose their trust with the MLM Industry Company. There are many companies in the market, which stand up in a day, and run away with the money of all people. So that whenever the right company comes to the market, people trust them very little. And those who have been deceived in it, they provide negative thinking to other people. Due to which other people also become negative towards it.
8 Product price exceeds savings
There are many products that are overpriced. If a product is being sold in shops for less money, then many people leave those companies in months. Therefore, the company you work with, then ensure that the products are received by the customers at a reasonable price.
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Conclusion of this post:
We hope that you find our article “10 Reasons the MLM industry has bad reputation” in our market, many companies, many of which are wrong, and many companies are right. My opinion is, if you work with a company, be professional. Do not give false hope to people. Keep in mind that you are the representative of the MLM industry, what you will do, you will tell, people will see the same. So you’re a professional. Try to increase the reputation of the network marketing industry.