MLM or
Multiple Level Marketing will definitely be the future economy in the next millennium
as with the expansion of internet and shrinking of physical borders the
potential of growth is unlimited.
But always look
before you leap.
The success
of MLM depends upon the following attributes –
· Legal Status
· Nature of business or tasks
· Skills required
· Multiplication plan
· Services
· Pay outs
· Sustainability
From now on words I will come with
analysis of MLMs operating in India and later the MLMs operating in world.
First one in my list is Social Trade
its url is socialtrade.biz and unfortunately the level of investment these guys
ask for and the kind of payout in relation to the service they give are not corresponding
to each other.
They advertise part time work but it
is a full time headache only guys who have no other job to do and want to
dedicate their whole day should join it.
Services are pathetic and minimum
earning which they give is 530 INR and maximum 1060 INR everyday under their
balanced investment plan accounts for 57500 INR which anyone can easily earn
from free online earning websites while dedicating the same time with little
more tasks and with no investments.
My rating on the basis of
professional requirements are as below
Rating Variables
|
Points out of 5
|
Results
|
· Legal Status
|
2/5
|
No tax disbursement information
available so bad
|
· Nature of business or tasks
|
4/5
|
Simple clicks and little complex
tasks some times
|
· Skills required
|
3/5
|
Any person with system knowledge
can do
|
· Multiplication plan
|
2/5
|
High investment and negative
feedbacks in market makes it hard to expand your network
|
· Services
|
1/5
|
Worst considering that it’s a paid
platform
|
· Payouts
|
3/5
|
Acceptable
|
· Sustainability
|
2/5
|
Not acceptable
|
·
|
17/35
|
Not recommended as you can earn
same money by dedicating same time span without any investment
|
It is only good for those who have no
other important job to do, have excess money, want to earn without complex
tasks. For normal person it is a waste.
Note – Author has given this feedback
after practically joining and working for the above firm for the minimum
duration of 60 days.
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