I know a ton of women who would jump at the chance to be a work from home mom.
In fact, I have someone reaching out to me about once a week to pick my brain about how I’ve been able to do it over the last year and a half.
As someone who made the leap from working full time outside of the home, to part time from home for myself, and was able to supplement my previous income in less than a year, I totally get it!
I was there not long ago. Craving more time with my children during the day. Needing something that was just mine. Having to feed my desire to create and produce.
It doesn’t always feel like there are a ton of options for working moms to have it all.
Luckily, many companies are finally starting to embrace the importance of family benefits, such as flexible schedules and better parental leave policies. The sense of balance it provides to employees, moms in particular, has kept more women in the workplace, which leads to more women in senior roles, which leads to more female decision makers, which leads to better family advocates…you see where I’m going.
Some women become mothers and their sense of fulfillment comes from staying at home. This is wonderful, and a privilege for those who are able to do so!
The truth is, more and more couples are relying on a dual income to support their families. Women often feel torn when they have to choose between staying home with their children and avoiding high childcare costs, or heading back to work and spending less time raising their kiddos.
If they’re at a job they don’t love with zero flexibility, they understandably would be seeking out other options.
Enter a flood of groups invitations and private messages and friend requests on your Facebook page.
Everyone from your best friend in 3rd grade to your husband’s coworker’s sister-in-law is probably trying to get you to buy leggings, jewelry, cookware, or fill-in-the-blank from them.
It’s no surprise that multi-level marketing companies have become incredibly popular.
A lot of the products are terrific! I have supported dozens of women in my community over the years and will continue to do so.
It’s also no wonder that when you’re Facebook “friend”sends you an offer to start your own business, and make money throwing parties with your girlfriends, your interest is peeked.
You can become your own boss, set your own hours and get away from the job that’s making you miserable.
Score, right?!
I know that’s how I felt when I was struggling to balance my career and my family and was asked to join an MLM. I quickly jumped at the opportunity! If I’m honest, I’m still signed up as a consultant so that I can take advantage of the discount myself. I stopped “working my business” years ago.
If you’re considering becoming a new business owner through an MLM, it’s important that you understand how it will actually work: you will be selling the company’s product on its behalf {they profit} and your recruiter will be earning a commission on your sales {she profits}.
That isn’t to say that you won’t profit.
But in my personal experience, they know they won’t get you to sign up if you understand just how small your margins will be.
They don’t explain that while you will get a great discount on products, you will need to buy a website, purchase supplies to help you sell, and possibly even invest in product up front {all from the same company you now work for}. Not to mention the “starter” fee and taxes.
Instead, they will hook you with every woman’s dream: to create a better life for your family financially, find fulfillment personally, and have a blast while doing it!
Who doesn’t want that?
Then, she reels you in with the success stories of the few and far between.
She isn’t doing it to be misleading. These success stories do exist. And it’s exactly what she wants for herself and her family. Maybe even for you, too! But she also knows she won’t become one of them without you on her team.
Just like other entrepreneurs, MLM business owners work hard for their accomplishments.
This post is in no way to diminish their efforts. However, none of them made a million dollars selling products for a company. They made a million dollars convincing you to sell them.
For you to be successful in a MLM business, you too will only be extremely profitable by pitching the dream to others. That’s literally how these businesses work!
It’s also the reason that 50% of women who join one of these companies leaves within the first year, and 90% have quit by year 5. I fall in the latter, myself.
Now, if you love the product and the idea of growing a team, by all means go for it! Or, if you’re after some extra spending money at the end of each month, you can accomplish that by selling product alone. You will likely have a costumer in me.
However, if you are looking to enrich your life and your bank account, I encourage you to explore other options before buying “a business in a box”.
Create your own work from home mom business!
Chances are you have a unique talent – a product or service – that you can market and sell on your own. There will still be business costs and taxes. There will also be a ton of hard work and some risk.
On the bright side, 80% of new businesses make it past their first year and 50% are still kicking after 5 years. I like my odds.
Have you ever started an MLM business? What was your experience? Tell me in the comments!