I look at MLM this way: Every company needs sales and marketing to get their brand out in front of their potential customers. The traditional way and what most companies do is spend thousands and sometimes millions of dollars (for large companies) on marketing and advertising. MLM companies approach it in a different way. From what I've seen, most don't spend much money on marketing and advertising. Instead they elect to rely on MLM to provide free word-of-mouth marketing from its members. Members get financial benefit from it and happy members mean the word about their company is spread more.
Now just like any job, not everybody fits well with MLM. People that are good at sales will usually do well in MLM. Also, like any other regular company, success depends on if what the company sells is really in demand and how the company positions itself in the market. This website used to have a featured sponsor or partner that was a MLM, Mannatech. My parents know many people in the organization that have done so well that they no longer need to "run the business". Their downline provides them enough commissions that they are truly considered rich in our society.
Like any business venture, there are costs to get started and potential for loss. If it's something that your good at and passionate about, then, like any other job, you should excel at it.
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