Is An MLM Business A Solution For Retirement

Is An MLM Business A Solution For Retirement

Robert Laura, a contributor for Forbes.com wrote an article for stating that he believes MLM is one of the most significant solutions for retirement.  The article was published as far back as 2014 but we’ve since had Robert Laura on our podcast talking about why he believes it’s a solution for retirement.

At some point in your life you’ve probably been pitched a multi-level marketing (MLM), direct selling, or network marketing business opportunity we’re sure.  We certainly have 😂

The first one we received was back in 2005 when we were approached by someone working for one of our management consultancy clients.  We don’t mind telling you we had no idea such a business model even existed back then!

While the approach varies from company to company, it basically promises a chance to ditch your 9-5 work schedule, be your own boss, and make lots of money while making new friends in the process.  Today there’s a much bigger picture to it as we’re sharing with you in this article.

We we’re invited to a hotel meeting and we immediately saw the potential from the perspective of generating a passive income and the seed was sown.

Whilst we didn’t remain long with that company, we learnt a great deal about how the model works and vowed to one day return to it.

As of writing this, so much has changed in the industry and the growth of social media so it’s no longer confined to “pitching friends and family” which has put so many people off.

Whilst there is seemingly endless debate over whether or not MLM or Network Marketing companies are “real businesses” there can be no doubt the industry is today seeing huge growth especially following the pandemic years of 2020-2021 when more and more people began looking at work from home opportunities.

We believe that there is definitely a positive movement in favour of Network Marketing, MLM and Direct Sales businesses as a solution for the retirement crisis.

As far as the retirement saving crisis is concerned, more and more people are coming to terms with the fact that they probably aren’t going to be able to save enough money to just sit around and slowly deplete their nest egg from age 62 to 100.  With the average 50 year-old estimated to have less than $50,000 in retirement savings, there is an obvious need to find alternative ways to either save more or generate supplemental income starting now, and continuing throughout retirement.

An increasing number of baby boomers are thinking seriously about whether their career paths are what they want to continue on with and shifting their focus from accumulating a giant nest egg to a desire to be part of something bigger and better… to have a positive effect on others… and working in retirement doing something more worthwhile.

MLM and direct selling programs also offer very low barriers into entrepreneurship, often providing training, support, and ample encouragement along the way.  As retirees begin to realize they need activities that keep them busy and connected to others, the time, energy and cost to participate in these kinds of companies make them very appealing.

Whilst earning a significant income might be the reason some get involved, many do it just for the chance of a social life and being with friends who have something in common.

We can definitely say this is true from when we were travellling round the world seeing people who were not really interested in making lots of money but just loved the social scene.  Money wasn’t the driving force for them but friendship was.

A friend of ours (also a baby boomer) told us on a call why she wanted to work with us in the network marketing business we work in  “I just need a little bit extra each month – an extra $500 per month would be perfect.”

The potential quite honestly is really open to you and what you want to achieve and why your want to achieve it.

It’s a business like any other business and you will need to learn new skills so don’t treat it like a hobby or as is famously said over and again, you’ll be paid like a hobby!

Personally we work hard at our business every day, although it doesn’t always feel like work.  Similar to other entrepreneurs who profit from their passion it’s rewarding for us because we’ve  found a product that has made in difference in how we feel… and we love selling it and helping other people start a business.

What more can you want from a business?

If you would like to know more about our network marketing business and how it’s changing people’s health and well-being in retirement we’ve put together a page of information for you here to review

Thanks for reading Is An MLM A Solution For Retirement

We hope we’ve inspired you to think further about this as an option for your retirement whether it’s for income, personal development or just community

Any questions or you want to find out more you can chat with us about it here

Is An MLM Business A Solution For Retirement