The life of an entrepreneur is similar to that of a pioneer. We venture into a market with a fresh idea to see whether it can thrive in the open market or not, much like those people who jumped on a boat to try their luck in the New World. However, the term “entrepreneur” has been twisted by those who sell illusions to people for their own gain, such as those who work at multilevel marketing companies. They will claim that you will become successful if you do as they say, but the truth is, they will resort to all sorts of tactics to get you to be a part of their “business.” In this article, we’ll tell you why being a part of an MLM company doesn’t make you an entrepreneur. That said, let’s get to it.
The products you’re selling aren’t yours
The only thing an MLM company cares about is its own money. Usually, they don’t even care about the products they are selling. This is because they have already set up a system that will enable the higher-ups to make money regardless of whether their products sell or not. Those at the bottom may have to take a pay cut if they are unable to sell those products, which means the money they could have earned will go straight to the higher-ups.
No matter how you look at it, this is not the definition of being a “business partner,” as it seems more like you’re being forced to work without getting proper compensation. How can you truly call yourself an entrepreneur when you don’t even have a say in what you sell?
You don’t have control over anything
Oftentimes, the products sold by an MLM company are overpriced. What’s more, the prices are non-negotiable This is because the company will have already calculated how much they need to sell their products for so everyone will get a cut of the profits even though they weren’t part of the process. Again, it’s a business model that benefits those at the top and puts pressure and stress on those at the bottom. The latter will be forced to work themselves to death to perform better. It’s not a fair business model and it puts those who are willing to work hard at a disadvantage.
They are always looking to take advantage of you
If you have attended a convention hosted by an MLM company, you might feel that it’s more of a cult meeting instead of a business event. This is because in some ways, MLM companies are similar to cults. They will do everything they can to make you believe that you should take up their cause, and they will slowly take their cut from you. At worst, they will force you to find a replacement before they let you get out of the business, which is incredibly shady.
Your potentials are restricted
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When you work for an MLM company, you won’t get to innovate or learn anything new, despite what they may tell you during the recruitment process. People want to be entrepreneurs because they want to put their ideas to the test to see if they have value. When you work for an MLM company, every part of the process will have been predetermined, which leaves little room for you to use your creativity. The only metric that they care about is how much you can sell, so if you’re not a good salesperson, we can assure you that you won’t have a good time in their system.
I buy and review courses so you don’t have to. Sometimes, I even find courses that are legitimate and worthwhile; and that’s how I accidentally came across one that led me to building a 6-figure business in a little under 5 years. Now, I still review courses because it’s my favorite hobby. 🙂 Learn more about me here.