The truth about the Network Marketing Industry – Is it a pyramid scam or legit business opportunity?

In 2001 I was presented with my first Network Marketing opportunity. I had no idea of what I was getting myself into; I just knew I wanted to be a business owner. I wanted everything that was being told to me such as: You can make a lot of money, you can have time freedom, you can make money while you are sleeping and the list can go on for days. The truth of the matter is that over 90% of people who are presented with the opportunity quit even before they really get started because they are looking at it as a pyramid scam or a get rich quick scam. They don't see the true opportunity in the business, the leadership or the vision. If you are a true follower of Mr. Wingonomics you know what a vision is.

“A VISION ALLOWS YOU TO VISIT YOUR FUTURE SO THAT YOU ARE MOTIVATED TO LEAVE YOUR PRESENT."

I believe that network marketing gives anyone the opportunity to create wealth because it's not about the product or service the company provides to the market, it about the hands on business training and networking opportunities you will encounter. Majority of network marketer have additional businesses they own that can be another opportunity for you in its self. Plus, it’s an opportunity for you to get the training you need to be in business for yourself. Within my network marketing days I took advantage of every training event offered and attended as many conventions as possible.

I credit it to my success today to network marketing because it has helped me mentally to prepare for failure, hearing the word "NO" and how to overcome adversity. It has also taught me leadership skills needed to survive entrepreneurship. So, are network marketing opportunities a pyramid scam or a legit business opportunity? The answer is “They are a legit business opportunity” but only if you are willing to put in the work necessary to make it work. You may not get rich but you will make some extra money. Plus, you will learn business secrets, build relationships, and learn sales skills. Today, I personally don’t have a connection to any particular network marketing company but if you are serious about starting a homed based business you should ask yourself the following questions.

1. Do I really want to be in business for myself?

2. Don't look at the products and/or services but focus on what kind of opportunity it provides.

3. Will I be able to learn how to become a leader with this opportunity?

4. Will my recruiter train/provide me with the skills needed to be successful in business?

5. How will this opportunity position me in the future?

Mark A. Wingo – Financial Expert | Author | Speaker | Entrepreneur | Fundamental Strategist