Why does network marketing have a bad reputation?
Answered independently in 3 episodes, by 2 different people. Every line below is verbatim from the transcript, timestamped to the moment it was said.
What the archive says
01Income you build inside someone else's company can vanish overnight — Mike lost six-figure network marketing incomes twice when owners fought and the companies collapsed, which pushed him into diversification. source →
02Most people fail in network marketing because they do the right activity for only two or three months before enthusiasm drops and they bail. source →
03Network marketing is a low-capital entry into business — Alex says you can start for $200-$500 — but it is not guaranteed and it is not a get-rich-quick play. source →
04Network marketing, as Alex defines it, replaces billboards, TV commercials and YouTube ads with word of mouth, and lets someone start a business for $200-$500 rather than needing a surplus of cash. source →
What 2 people actually said
And this is where we ended up founding wealth accelerators, which I founded in 2019. There's a stigma with network marketing Yeah, you know it definitely is I never hate on anybody's game There's people smarter than me figuring things out making a lot of money doing a lot of things Yeah, but I've always been like I never really understood the stigma, but it was there.
But I've used this as the platform to build my name, my brand, and to also impact people in 75 countries around the world. So for me, it's been a great environment for growth. Network marketing comes with a stigma.
3 episodes answer this
From Expelled Student to Entrepreneur: Mike Sancho on Network Marketing, Passive Income & the Metaverse
The Reality of Building Wealth in Your 20s and 30s with Alex Morton