This document discusses the risks and opportunities of joining a multi-level marketing (MLM) company during its pre-launch phase. While it allows distributors to join without fees, 90% of MLM companies fail within the first 2 years, so there is significant risk. The pre-launch phase aims to quickly enroll distributors to market the product and cover costs until becoming profitable. Prospective distributors must carefully evaluate the product, compensation, and management experience to assess the risk of investing time in a company that may not succeed long-term. Both established and pre-launch MLMs require the right skills and effort to build a successful business.