A lot of home based businesses are network marketing businesses (Aka MLM aka Multi Level Marketing). Depending on who you talk to, network marketing is either the most wonderful business model ever or it’s a scam. The truth is, the some network marketing companies are actually scams (or to use a better term: illegal) while others offer a perfectly legitimate home business opportunity.
Network marketing has been around for a very long time. What was the first network marketing company? If you said “Amway” that’s the wrong answer. Go back further. Did you say “NutraLite”? Nope, go back even further. A company sea vegetable supplement company named Wachter’s started as the first network marketing company in 1932, during the Great Depression of the 1930’s. (NutraLite started in the 1940’s).
Interestingly, Wachter’s is still around today. During its lifetime, however, many network marketing companies have come and gone. Some have had success, others have flopped badly. Today there are hundreds and hundreds of network marketing companies to choose from. I don’t know of a truly comprehensive list of current network marketing companies, but this one at MLM Consultant comes pretty close. I didn’t count them, but there looks to be well over 1,000 network marketing companies on it.
If you are considering a network marketing company, be sure to do your research on the company. I have linked to a few blog articles below that you can read for more information on network marketing and the home based business.