With many students losing their jobs during the COVID-19 pandemic, some are turning to Multi-level marketing companies, or MLMs, to make ends meet.
MLMs are a type of business that operates through a workforce of people whose profits are earned from a binary system. These people then get a percent of the sales they make, often based on how many people they are selling to.
SVSU student Hannah Hale is working with an MLM called Monat, which sells all-natural products to help with hair loss and promote healthy hair. The business also recently expanded its product line to include skin care items as well.
Like many other college students, Hale joined the MLM to make ends meet.
“I decided to get involved because, like any other college student, I was going to school full time and working but still struggling for money,” she said. “This company helped me become more financially free.”
Hale said that being involved with Monat has been very convenient for her because it is run on social media and she can work from home, a luxury for many full-time college students.
The steps she took to join the company were very easy, Hale said. She heard about the business from a friend of hers who worked for them.
“All you do is pick out your starter package, which gives you products from the company and then from there start posting on your Instagram story,” she said.
Hale said that she has a great deal of support, but to make money, you must be willing to put in the work.
However, joining the company is not free. Initial start-up costs can range from $100 to $800, depending on which type of starter package you purchase. Although it seems like a lot, Hale said, the money is usually made up for in pay within two months.
Hale said her experience working for Monat has helped her develop essential skills and a greater degree of knowledge in the world of business, as well as the confidence to communicate with others.
“It has honestly impacted my life in such a positive way,” she said. “I met a great group of women who support one another and want to see you grow and be successful in this business. I have extra money so I can go do things and still be able to afford bills without living paycheck to paycheck.”
Hale said there are not any major downsides to working with Monat, but that there is always the possibility of rejection when promoting your product on social media. As a seller of a product, you are going to hear more no’s from people than yes’s.
“I learn (a customer) as a person and not just as someone to buy the products,” she said. “I make that personal connection, and that can make a huge difference. On top of that, you can make a new friend along the way.”
She said she recommends Monat and other MLM businesses to people who are willing to commit to it.
“I would recommend it if it is something that you can really get behind and not just a way to make money,” she said. “You have to do things in life that make you happy and that you want to do. If you can’t get behind these products and the company, then success is going to go down. You have to put in the work, but you also have to want it.”