When starting a new business, there are so many things to consider. From assembling your team and securing financing to the best location and business structure, making the right decisions sets your business up for success.
One of the most feared and misunderstood startup options is network marketing, or multi-level marketing (MLM). In reality, this structure is a very viable way to start a home business quickly and affordably. But like anything else, there are those out there that are not what they should be.
So, if you’re considering this option, it’s important that you do your due diligence and thoroughly research every detail. Here are some insights into what an MLM really is, along with a few red flags that will help you spot MLM scams.
What is Multi-Level Marketing?
If you’re unfamiliar, multi-level marketing (MLM) is sometimes referred to as a pyramid scheme. It’s a marketing strategy … Read the rest