2 months ago (after highlighting it in my new audio DVD as a globally proven channel for Passive Income Generation), I began investigating various Network (or Multi-Level) Marketing opportunities in Nigeria’s Lagos, by attending meetings and interviewing individual members.
Sadly, what I’ve so far seen is 80% discouraging…which by MY standards is BAD!
REASON: Heavy cynicism about MLM prevails in Nigerian society, mainly due to unethical practices by many MLM practitioners in the country!
As a result, despite my belief that MLM – when done right – offers valuable passive income generating benefits, I’ve concluded that as far as doing it in Nigeria goes, Network Marketing is simply NOT worth the hassle – for ME.
In other words, even though I discussed it in my DVD as one of the proven ways used worldwide to generate life long passive income, I will NOT invest in it.
At least NOT in Nigeria.
Yep. I mean that. Seriously. But don’t get me wrong…
I’m sure there are people who are getting on well in this business in Nigeria, in spite of the problems that make me unwilling to venture into it.
However, what I’ve seen convinces me the way Network Marketing is done in Nigeria makes it more of a hard sell than it needs to be (if at all it should be).
I say the above ESPECIALLY because my primary motivation for investigating the MLM business opportunity was to help EACH of my kids get started earning passive income.
A second reason I had for considering this passive income generation model, was to support members of my clients network who had reached out to me. I wanted to help them use Network Marketing to generate additional passive income streams to complement what they earned from their various vocations.
As things stand, I’ve told my kids I’m no longer willing to pursue building a Network Marketing business in Nigeria. In addition, a link to this article has also been sent to my clients and subscribers, so they are aware of my revised opinion.
There’s just too much NMA – Negative Mental Attitude – involved in the practice of Network Marketing in the country
That’s the problem I see.
Which is why, I’ve since reached an advanced stage in exploring a completely different line of business that offers similar passive income earning benefits, but without the negatives from MLM as obtains in Nigeria.
What is this new business opportunity you ask?
For those who have purchased my Audio DVD titled “Proven Ways to Generate Useful Passive Income”, I have recorded a NEW audio podcast that is available for download on request – at no charge.
In it, I first explain in elaborate details the facts I discovered about most Network Marketing operations as done in Nigeria, and why I’ve resolved NOT to invest in ANY of them, for myself, or my kids.
Then I go on to provide FULL details of the alternative business opportunity that I have now settled upon, and which I’m already training my kids to do. It offers superior returns compared to MLM, in a shorter time period.
Most importantly, it does not suffer from a persistent negative reputation due to naughty acts perpetrated by those engaged in it.
To show how convinced I am, I’ve commenced building an e-commerce website for promoting this new business opportunity (which can be started with low to zero capital) for my kids.
Their photos and contact details will appear on the website – NOT mine.
Also they will be the ones that will take orders, respond to enquiries, and fulfill orders placed.
Their mother will also be involved, because this is going to be a family business, with THEM at the steering wheel, LEARNING to relate with people to make money in the real world.
I will simply provide back end technical support and periodic coaching on marketing, sales, negotiation etc.
Today, rapid advancements in PC and Internet technology make it easier, quicker and much cheaper for ANYONE to start and successfully run a profitable business.
And that includes even persons with minimal schooling. Once you can read and write, you can get started doing something to make money, if you know how.
That’s why I keep telling parents NOT to wait for their kids to go through school, before they introduce them to income earning activities – at least via micro business start up. The earlier they start the better. It can only make them better equipped to make the most of formal schooling they are exposed to.
That’s what I’ve been doing with my kids – slowly but steadily – for several years now…and I’ll have you know it is NOT an easy or straight forward process.
If you’re smart, you will start doing the same for yours as soon as possible.
When done right, it can help your child arrive adulthood equipped to function as a competent adult, especially with regard to achieving financial independence..
Final Words: Get my new MP3 podcast in which I explain full details of the new business opportunity I’ve chosen in place of MLM – It’s FREE…
This offer is in line with the promise I made in the sales message for my Audio DVD on Passive Income Generation.
EVERY buyer will get this new podcast FREE.
So, if you have already bought it, simply send SMS to +234-803-302-1263 or +229-66-122-136 saying “Send me the new podcast“, along with your name and email address, and I will send you the download link.
If you have not purchased the Audio DVD, yet want the podcast, click here for details of how to purchase the DVD. Note that you can opt to have download links to the six (6) audio files on the DVD (totaling 2 hours approximately) emailed to you. Your email will also carry the download link to the NEW podcast in which I explain full details of the new business opportunity I’ve chosen in place of MLM, as a bonus.