MLM has become the biggest illusion these days...

Sad to commit, but MLM has become the biggest illusion these days...

The Hard fats speak for themselves:

Social Commerce is expected to grow three times faster than e-commerce and eight times faster than traditional retail over the next few years. By 2025, it’s expected to be a $1.2 trillion industry.

Product MLM +2% to 186 BLN $

EBAY 3rd Party Shops +504% to 13 BLN $

AMAZON 3rd Party Shops +543% to 103 BLN $

SHOPIFY 3rd Party Shops +1'653% to 135 BLN $

PINDOUDUO Social Commerce Shops +25'400% to 235 BLN $***

***1. Q 2023
Revenue of PDD Holdings Inc. (Nasdaq: PDD, ISIN: US7223041028) grew 58 percent year-on-year in the first quarter of 2023 to nearly 23.794 billion yuan or $5.480 billion (previous quarter: 39.820 billion yuan)

Very little chance to become a millionaire! 

Multi-level marketing (MLM) has attracted both proponents and detractors in the past. It's important to understand that MLM companies can be different and not all experiences are created equal. Some people may have had positive experiences, while others may have had negative experiences.

It is true that there are some criticisms that are often associated with MLM:

OVERPRICED PRODUCTS:

A common accusation against MLM companies is that their products are often more expensive than comparable products on the market. This is often because part of the price is used to pay the distributors' commissions at various levels.

LOW-EARNING OPPORTUNITIES:

Most people who join MLMs actually make limited earnings or even lose money. The structure of the business model means that most of the revenue comes from a few top distributors, while most of the others earn little.

RECRUITMENT FOCUS:

MLM companies often place a heavy focus on recruiting new distributors, as this helps increase income opportunities for those at higher levels. This can result in sales of actual products being sidelined.

MARKET SATURATION:

Many MLM companies struggle with market saturation over time as more and more distributors try to sell the same products. This can make it harder to acquire new customers.

The biggest question - why would you start? What's your goal? MONEY?

It is important that individuals thinking of joining an MLM company do thorough research and have realistic expectations. Not all MLM companies are necessarily bad, and there are people who are successful at them. Still, prospective distributors should exercise caution and ensure they have a clear understanding of the business model, products, and earning potential before committing.

Criticism of MLM companies has increased in recent years, and some countries have introduced stricter rules and regulations to protect consumers. 

The development and future of the MLM model are influenced by various factors, including legislative changes, changing consumer attitudes, and growing online sales platforms.

Facts, they speak for them self.

The next big thing is SOCIAL COMMERCE.

Would like to join in? Now is the MOMENTUM - take your chance and talk to me.