MLM has a 99.7% failure rate – Is it a scam or a good business opportunity?

Network Marketing, or MLM, is a huge and growing industry. 56 million people in over 100 countries participate in this $100 billion dollar industry. MLM business owners and some of their distributors are making enormous amounts of money.Because of this, MLM owners and their leading distributors are selling distributorships as a great business opportunity for people looking for extra income or to replace their current jobs. But, with 99.7% failure rates, is it fair to sell it this way?