What is Multi-Level Marketing (MLM)?

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Management Courses - Mike Clayton

Күн бұрын

Пікірлер: 38

@DrSudhirBisht 2 жыл бұрын

Great video as always! Crystal clear and well researched

@ManagementCourses 2 жыл бұрын

Thank you very much.

@DominicEze-fq1bx 6 ай бұрын

I like the introductory part but please research well sir. Don't give a cool business like this a bad name. It's only made for entrepreneurially minded individuals and not for those who see every ground as a comfortable ground you must work your business for it to grow.

@ManagementCourses 6 ай бұрын

It may be that some 'entrepreneurially minded individuals' can thrive, but only if they get in early. And too many people are gulled into losing a lot of money by unscrupulous MLM schemes. Often, they lose their money to the unscruplous entrepreneurs at the to of the MLM line.

@ManagementCourses 2 жыл бұрын

I just re-watched this a year after I made it and, in retrospect, this is one of the best and most important videos I have made. If you are considering an MLM opportunity - or suspect that what you've been offered is an MLM opportunity... WATCH THIS NOW!!!! There are instances of good and bad multi-level marketing. But it is wise to know what it is and what the pitfalls are, before you get involved. Here, I take an objective look at what MLM is and how it works.

@korybonnette4069 Жыл бұрын

I know all this already, but still, I enjoyed watching you explain it in simple ways

@ManagementCourses Жыл бұрын

Awesome, thank you!

@banliveexport325 Жыл бұрын

Excellent video. Most of the big MLM Earners earn most of their money selling motivational tools and speaking at Functions. I would love to see your take on this side of the Business which is a side that not many talk about.

@ManagementCourses Жыл бұрын

It's a good topic, but the channel is about providing understanding and practical training, rather than opinion. I am aware that this particular video may have strayed a little towards opinion. But my aim was to show how the model works.

@mlmisfraud305 2 ай бұрын

There is a very well documented 99.7% Loss Rate in all MLMS.

@ManagementCourses 2 ай бұрын

This would not surprise me, but the key is in the definitions. Do you have a reference, so we can assess the data?

@stnuo2022 Жыл бұрын

Loved it

@ManagementCourses Жыл бұрын

Great!

@alinuromer5876 8 ай бұрын

Great

@ManagementCourses 8 ай бұрын

Thank you.

@sarumiolamilekan9303 8 ай бұрын

Very helpful video.

@ManagementCourses 8 ай бұрын

Thank you!

@DrSudhirBisht 2 жыл бұрын

Please create a video lecture on Unique selling proposition Vs Positioning Is USP really dead, as was told to us in the late 90s?

@ManagementCourses 2 жыл бұрын

Great topic idea! I shall add it to my list, thank you.

@TeamBreakoutBusiness 5 ай бұрын

When you are an employee doesn’t the employer benefit from the people they employ? Doesn’t The IRS make money off everyone who gets a paycheck?

@ManagementCourses 5 ай бұрын

Yes. And yes (if you're in the US). Employ: the exchange payment for labor. Taxation: imposing a charge for the services the state provides

@TeamBreakoutBusiness 5 ай бұрын

@@ManagementCourses job equals slavery. You don’t own it, they can easily replace you, there’s no generational wealth 🙅🏽‍♀️ The IRS taxes employees the most since they are considered a liability instead of an asset to society. Most people suffer from neurotypical disorder which causes them to be committed to misunderstanding things they don’t understand. My company which is often misclassified as MLM has created the most 6 & 7 figure income earners out of any company in North America. I won’t say which company you can just google it💯

@rachelsanders2314 Жыл бұрын

Excellent commentary!

@ManagementCourses Жыл бұрын

Thank you.

@kamalprakash4743 Жыл бұрын

This was very helpful. Thank you

@ManagementCourses Жыл бұрын

So glad!

@mirofeller3314 4 ай бұрын

Excellent video, thank you! However, I have a question regarding procurement and pricing: Does downline buy the products directly from upline or rather from multi-level organization? If they buy from upline, prices must increase with every level down the structure to earn some margin. That‘s my understanding, or am I missing something?

@ManagementCourses 4 ай бұрын

I don't know for sure, but my expectation is that the downline will sometimes buy directly from their upline, and sometimes directly from the organization - which would then credit the upline agent. I suspect prices don't increase, and that the margins are built in. That's why MLM products are often (not always, I'm sure) overpriced for their quality point. But, I have never been tempted to join an MLM scheme (for reasons that I hope are obvious), so I can only speak from secondary research.

@mirofeller3314 4 ай бұрын

@@ManagementCourses alright, that would make sense. Thank you!

@ManagementCourses 4 ай бұрын

You're welcome!

@_slowc Жыл бұрын

Great video, very helpful for a position I was interested in until they told me the real pay.

@ManagementCourses Жыл бұрын

Glad it was helpful!

@Brittfrance6 Ай бұрын

Sounds like any other business to me. Working at Walmart they make all the money at the top so 🤷🏽‍♀️

@ManagementCourses Ай бұрын

I suspect you missed an important feature of MLM that makes it different from traditional business models like retailing. BUt the use of workers to generate income for owners does have a name: 'capitalism'.