Seems the American economy lost another 240,000 jobs in October, bringing the total to somewhere around 1.2 million jobs lost since the beginning of the year. The number of unemployed Americans increased by 603,000 in October to 10.1 million.
We also read that more than a million people have lost their homes through foreclosure in the last two years.
Through all this economic doom and gloom though, it's not surprising to find that some MLM zealots find this to be all good news.
Take the genius that wrote this article: Can MLM Survive an Economic Recession? . His premise is that:
"The MLM business is tailored for ordinary average people that want to improve their financial condition without spending a small fortune in order to do so. At the same time they would also have their business education covered from the MLM companies without the need to rely on third parties for expensive training or consultation as other business owners might need."
The outcome of all this, as we dive into an economic recession, would be
.... "an increased number of people that would seek to participate in your MLM business opportunity. That is a great chance to increase the members in your downline and the income you are making from your network marketing home business. You have nothing to fear as your MLM would not only survive but it would become stronger and it would help you to reach your goals faster than before."
Wow! What an optimist.
The obvious question, I suppose, is just who the heck is going to buy your overpriced products anyhow? We've got over a million people alone that can't afford their house payments, and this guy thinks they're going to go on a monthly autoship?
But this fellow apparently is not alone in his enthusiasm that the current recession is a gold mine. Rod Cook over at MLM Watchdog just published a similar article: Hot Times Ahead - WHEN RECESSION HITS THE ECONOMY, NETWORK MARKETING BOOMS .
Funny though, not everyone is in agreement with these views. Like the findings in this recent article: Recession Proof MLM Business Suffering From Recession: Quitters Numerous/New Recruits Harder To Find .
Dunno. Somehow I think that last article is closer to the truth.
Personally, I can't see how anyone in MLM with a sizable downline can remotely hope to maintain it, let alone increase the size of it during the current economic mess.
At least that's my opinion.