MBA540 Q&A Weekends: What’s your opinion of Amway and multi-level marketing?

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.9 • 1.2K Ratings

🗓️ 21 February 2016

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is multi-level marketing a real business? We're sure many of you have heard of Amway or MLM, or you may have even almost joined one of these. Can we consider this type of business as entrepreneurship? Do we recommend it? We'll break it all down for you in this episode! Hit play!

Transcript

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0:00.0	Hey, welcome to the $100 MBA show and today's a Q&A weekends episode where we answer your question
0:15.8	right here on the show.
0:17.0	If you have a question you want to ask guys, just email us at support at business republic
0:21.2	net. We would love to answer your question here on Q&A weekends.
0:25.0	You can also send me a tweet.
0:27.0	My handle is Biz Republic on Twitter, Biz Republic.
0:30.0	As always, I'm your host, your coach, your teacher Omar Z at home.
0:34.0	I'm also the co-founder of the $100 MBA, a complete business training and community online.
0:40.0	And today's question comes from Paola.
0:42.0	And Paola asks,
0:44.0	What's your opinion of Anway and multi-level marketing?
0:48.0	This is a very interesting question.
0:49.0	It is a very common question, especially in the world of entrepreneurship.
0:52.0	People want to know, are multi-level market question, especially in the world of entrepreneurship.
0:52.8	People want to know, are multi-level marketing businesses or franchises?
0:57.4	Are these things really businesses?
0:59.0	Can you really make money with this thing?
1:01.0	And if so, do I recommend it it what do I think of all the different
1:04.4	varieties of multi-level marketing I'm going to get into all the details and not just
1:08.6	about Amway but also what exactly is multi-level marketing?
1:13.0	Some people think it's a pyramid scheme, some people think that,
1:15.7	oh, you gotta have a down funnel, and if you grow enough of a down funnel,
	...

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