Robert Kiyosaki (of Rich Dad, Poor Dad fame) is fabled to have ridden to success on the coat-tails of the ‘network marketing’ (a.k.a. MLM) community, who are said to have distributed his books to ‘downlines’ by the millions … or, so the story goes.
But, it is true that RK is a fan of MLM, as this video proves; the (justifiable, in my opinion) reasons that he gives is for the business education that it gives you …
… and, I agree. My only issue with MLM is that you are putting your future in the hands of the MLM company: you build a huge profitable business generating millions of dollars a year in passive income (as my wife’s old school chum does!), but what happens if they change the rules or, worse, close their doors or shut down the MLM distribution arm of their business?
But, I do think that if you simply substitute the words: “part time business” – better yet, “part time online business” into Robert Kiyosaki’s video, then you will have all of the benefits of MLM in a much more ‘new millennium’ platform.
It could be:
1. An information products site,
2. A web 2.0 (i.e. the “next FaceBook”) business,
3. An eBay business,
Of course, there are still risks: for example, you could build a massive e-Bay business and have your account suspended on a ‘technicality’ (as happened to my son a few months ago); risks abound but if you start small, cheap and see what develops, you will at least gain the #1 objective that TK mentions: a business education 🙂