MLM schemes: Making you rich or leaving you poorer?

How good are MLM (multi-level marketing) schemes (some folks call it scams!) at helping you get rich? Do they really work and deliver on the six-figure passive income they promise, "after a few months of focused hardwork?".

To be honest, I am not sure. I've watched some close people around me wax eloquent about the benefits of one of the world's most popular/ succesful MLM chains. They claim to be making tons of money each money from the few hours they put in; and let's face it, some of them even seem to be having a lifestyle that seems to make it seem true. On the other hand, I've also seen some others who continue to work at it while their overall condition belie the claims they are making.

Well, if you read Tracy Coenen's post, MLM schemes are a surefire way to lose money. According to her, "....the chance of actually making any money in MLM is very, very slim." And her advice regarding the common task of recruiting friends and family? " The only opportunity you're really giving them is a chance to lose money. Spare them and yourself the agony! "

The truth is probably somewhere in between--- may be MLM schemes do help make mone for those who relentlessly pursue it and are willing to go to great lengths, including investing time and money, to get those tantalizing riches. For those who thought MLM was an easy way to make pots of money, reality might be quite bitter.

The sooner you realize that there is no easy money, the faster you can get your head to make money and grow rich.