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Is a Network Marketing MLM Home Business Really a Good Way to Make Money?

Publish by: Webmaster Thursday, April 23, 2009

If you are thinking about joining a network marketing MLM home business you should know that these types of businesses are not for everybody. It can be easy to get caught up in the excitement and the idea of the success that it promises. Most of us have been pitched at some point to join one of these opportunities. Usually by someone who is very excited at the thought that they are soon going to be rich.

But how many people do you know who actually got rich or is even making a decent living from joining a network marketing MLM home business? We have all heard about the successful people that are in every company and the few industry gurus, but if you are like most people you probably don't know of anyone in your own personal life who has.

The reality is most people never make any significant money with these programs and most actually lose money. It's an industry that has more than a 95% failure rate. Part of the reason for this high failure rate is most people have no business getting involved in this kind of business. Regardless of what they may have told you in order to get you to join, you will have to be highly skilled at being a network marketer in order to succeed.

Most of them offer to train you but most of the training but most of the industry training is not effective. Most of it is just geared toward keeping you excited so you will stick around a while before you quit. What they don't tell you is most of the successful people took years of training and failing before they ever experienced success.

You must become good at sales and marketing and develop an almost celebrity like personality before you can succeed in this industry. For most people this will involve changing who you are. For most people this is just not going to happen.

So if you don't have the skills of being a network marketer and are not willing to transform into the type of person who is good at network marketing MLM home businesses then you might want to save your time and money and avoid joining them. There are other opportunities to make money that are not nearly as difficult.

Since other opportunities don't depend on selling the opportunity you don't hear about them as much. One of the easiest ways to make money is by using an automated program to trade the foreign currency markets. Using very little of your own money you can make money the same way a lot of banks and other wealthy institutions do. There are now automated computer programs that will do all of this for you even if you don't know anything about the foreign exchange or forex. This is what I do and if you want to make money on autopilot and make the kind of money that most people in network marketing MLM home businesses only dream about then you might want to take a look at automated forex trading.

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