Multilevel merit?QA During a [multilevel mul·ti·lev·el adj. Having several levels: a multilevel parking garage. Adj. 1. multilevel - of a building having more than one level marketing] meeting, there were about 40 enthusiastic people telling a bunch of us how we could make $1,000 to $1,500 in the first month. The company sells health and beauty, weight loss, and water-purification products. Please shed some light on the pros and cons pros and cons Noun, pl the advantages and disadvantages of a situation [Latin pro for + con(tra) against] of this business. G. DeBrossard, Cincinnati Before you make any investment, check out the firm with the Better Business Bureau (BBB BBB A medium grade assigned to a debt obligation by a rating agency to indicate an adequate ability to pay interest and repay principal. However, adverse developments are more likely to impair this ability than would be the case for bonds rated A and above. ). Also look on the company's Website, even if the initial investment appears to be small consider the other items you'd have to purchase. The firm you're considering is a multilevel marketing (MLM MLM Multi-Level Marketing MLM Mailing List Manager MLM Marxism-Leninism-Maoism MLM Mid-Level Manager MLM Medical Liability Monitor (newsletter) MLM Multi-Longitudinal Mode MLM Military Liaison Mission ) firm. Generally, sales representatives for MLMs foot the bill for administrative and marketing costs. They're also pushed to recruit other participants into the business so they can move up in the organization and gain financial rewards--this effort can be very time consuming and expensive. Find out whether the bulk of the sales commissions and firm's revenues are based on retail sales--that would be a good sign, but you should investigate further. Even if the company sells quality products, you should feel you'd be effective at selling them and be willing to invest at least several hours per week. Also ensure that the company's financial structure isn't largely based on fees from recruitment. "You'll run out of friends to bring in and the income will stop," warns Ardith Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. , author of Business Opportunities: Secrets Revealed(Business Basics Inc., $39.95). Mail your consumer questions to Ask Your Advocate, BLACKENTERPRISE, 130 Fifth Ave., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY I0011, or send an e-mail to brown mr@blackenterprise.com. |
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