Network Marketing Vs Losing Your Shirt On Penny Stocks

Home based businesses come in many varieties such as network marketing (MLM or multi-level marketing), internet marketing, direct mail sales, and even stock investing. Some stock market gurus claim to have found the secret to making money with penny stocks. These are extremely inexpensive stocks with a cost of anywhere from a penny or less to a few dollars. It seems exciting to be able to buy and own 10,000 or 20,000 shares of a stock with the promise of it bringing in 2000 percent returns. It takes just a small cash outlay, and the potential for a profit may be quite large. However, unfounded potential and hope may be found everywhere. Perhaps the penny stock arena is one of the worst for creating broken dreams.

Penny stocks are cheap stocks, but they are not proven. They are start up companies with no track record. They have not shown that they can perform. They may be a train wreck waiting to happen with your money at stake. It is a gamble at best to buy penny stocks.

It is tempting to join the many penny stock newsletters and services which claim that you can make a killing in the stock market if you follow their advice. Although they acknowledge that they are risky, they claim that there is little risk because of their expertise in picking winners. However, many of those stock services have infinitely more losers than winners among their stock picks.

It might be more prudent to find a different home based business which has the potential to bring more reliable returns. Network marketing has been creating wealth for decades. Although it is not an easy business in which to succeed and it has more failures than successes, many people are doing it everyday. The potential exists to find success by steadily working hard at a home based business without the pipe dreams and unfulfilled expectations. Network marketing is generally a slow path, but it can be worthwhile.

Although many people also fail at network marketing, there are many opportunities and companies which offer the chance for success in an industry which requires little training or experience. Anyone can do it with the proper company, training, and determination coupled with hard work and dedication. Success is being achieved regularly by people who take a chance on network marketing and put in the work required. Network marketing continues to create success.

Life is full of broken dreams and broken promises, but it is also full of achievements and success. A home based business can bring hope and sometimes wealth.