agree with you, MLMmybiz...Originally posted by MlmMyBiz:People are primarily driven by 'Fear' or 'Greed', in the world of scam especially in MLM, people fall for it because of 'Greed'. Most may excuse themselves as being naive or innocent but I think a great majority jump into it because of the promise of high return in relatively short time.
I also think that most who fall for such scam are people who starts the business with an employee mindset; they want low risk (low or no investment), high returns and instant gratification. Unethical people understand this mentality well, so they resolved to using unethical ways to woo this people, telling them how easy is it for them to earn that amount with little time and money investment. There is big money but no easy money to be earned in MLM; all those succesful people in Spore, US or other countries didn't succeed overnight. They have to work for years to be where they are today.
An employee mindset also tends to lay blame, find excuses for all the wrongs in the business. They had made the decision to join for many different personal reasons (nobody join to make the company or upline rich) but when they fail; they blame.
MLM is a free enterprise, the entry barrier is low, anybody can join so it is hard to manage the quality of the distributors. In almost the same way, more MLM companies have emerge because of the potential high return especially in the asian markets. I can understand the difficulties to select the right company but there are watchdog org such as DSAS (Direct Selling Association of Spore) to at least help people to narrow their search.
Last word of advice to avoid a scam: 'If you think it is too good to be true, then it is probably not true'
Thanks
MLM is to allow average folks with little 'capital, business experience, background and network' to start a business. If a particular company need me to invest more than the required sign up fee to start, I'll question them on the purpose. I can accept business investment in MLM if the purpose is for me to use the product myself and also provide sample for prospect to try. This shouldn't be a very big sum, probably buying only 1 from some of the product series to demo.Originally posted by laurence82:I think, with cases like ntiparis, scams are getting harder to diagnose
MLM plans with compulsory monthly maintenance then falls under what you are saying that is not proper here - especially if it gives you no choice right?Originally posted by MlmMyBiz:MLM is to allow average folks with little 'capital, business experience, background and network' to start a business. If a particular company need me to invest more than the required sign up fee to start, I'll question them on the purpose. I can accept business investment in MLM if the purpose is for me to use the product myself and also provide sample for prospect to try. This shouldn't be a very big sum, probably buying only 1 from some of the product series to demo.
However, if they want me to buy up position or buy up stock at greater discount so I can sell the stock for higher retail profit then the motive is questionable. The whole idea of MLM is to partner with a respectable company so to minimize our risk. The risk is the money paid for R&D, storage, logistics, administration, financing .... don't be sweet talk into buying stocks, it defeat the whole purpose of joining an MLM company. Buying up of position is usually associated with 'binary' plan, they show the multiplier effect in commission if the prospect invest in multiple accounts.
In summary, nobody needs to buy any product to start a MLM business especially during the first meeting. You can start to plan for time and monetary investment When you have think through the biz, products & compensation and decided that it is sound.
pardon me, but i dont understand ur third para, and i must say i totally agree with ur first twoOriginally posted by MlmMyBiz:MLM is to allow average folks with little 'capital, business experience, background and network' to start a business. If a particular company need me to invest more than the required sign up fee to start, I'll question them on the purpose. I can accept business investment in MLM if the purpose is for me to use the product myself and also provide sample for prospect to try. This shouldn't be a very big sum, probably buying only 1 from some of the product series to demo.
However, if they want me to buy up position or buy up stock at greater discount so I can sell the stock for higher retail profit then the motive is questionable. The whole idea of MLM is to partner with a respectable company so to minimize our risk. The risk is the money paid for R&D, storage, logistics, administration, financing .... don't be sweet talk into buying stocks, it defeat the whole purpose of joining an MLM company. Buying up of position is usually associated with 'binary' plan, they show the multiplier effect in commission if the prospect invest in multiple accounts.
In summary, nobody needs to buy any product to start a MLM business especially during the first meeting. You can start to plan for time and monetary investment When you have think through the biz, products & compensation and decided that it is sound.
Sorry, I over simplify the last para. My MLM criteria include not only products & compensation, but also the company background, team dynamics and the sponsor. These criteria are found in more details in my earlier posting.Originally posted by laurence82:pardon me, but i dont understand ur third para, and i must say i totally agree with ur first two
which one has the higher and first priority, products or compensation? or both at same time?
The criteria is found in another track 'any opinion of Usana and Overseas upline'Originally posted by MlmMyBiz:Sorry, I over simplify the last para. My MLM criteria include not only products & compensation, but also the company background, team dynamics and the sponsor. These criteria are found in more details in my earlier posting.
Thanks
I think you're refering to 'Stock up'. In my opinion (just my opinion), monthly maintenance is not stocking up of products. So far most of the companies with maintenance round up to a couple of hundred dollars every month. Stock up is buying thousand or ten of thousands right on the first day. Stocking up products doesn't automatically means that the company is 'unethical', the problem is they didn't consider the ability of the new prospect to market those products. Traditional businessman love this concept, 'buy stocks with huge discount, sell it away at higher profits'. However, normal folks with no biz experience may not be able to do that.Originally posted by 2005wss:MLM plans with compulsory monthly maintenance then falls under what you are saying that is not proper here - especially if it gives you no choice right?
Many nutritional MLM plans make you spend around $200 monthly and the stuff has an expiry date. Better stay away from such plans
The big flyer I mentioned earlier that was stuck on my car windscreen is from Diamond water, that GUARANTEE $5000monthly in 30 days, $10000monthly in 90 days , provided I put in $20000. Now, thats scary ! I think such bold dangerous promises like this will one day get them into trouble
Hi Cepat,Originally posted by Cepat:As people are getting smarter now and more skeptical on the reputed success of MLMs, there will be less acceptance of all kinds of MLMs. It's like you know this is a scam, people will say no to the scam due to their gut instinct and being uncomfortable.
So think in terms of a chain effect, if no one bothers to attend those MLM seminars because they have learnt to recognise all MLMs are scams, then there will be no one to listen to the hyped up MLM speakers, then no one will puchase anything since no one is attending.
It's only the irritating MLM speakers who should be burnt in eternal damnation since they only know how to mislead people with their supposed wealth like luxury cars and high monthly residual income.
Sorry this forum should not be on promoting MLM but to expose the lying, untruths, hypocrisies of all MLMs. Sorry if I sound so blunt to anyone working in MLMs but I'm pissed off with having to be told that education is not important but come on, it's only lazy ignorant people who hanker after easy ways to get richer.
Thanks to this forum that it opens our eyes to the different types of MLM scams. Everyone should put in more effort to look for proper jobs rather than just wait and depend for their downlines to run dry. There's no such thing as a free lunch without working hard at getting a proper job.
I know all those who achieved success in MLMs, but can you 100% ensure you will be successfully earning the same type of residual income in the future? You never know what will happen and when your downlines start to dwindle, then what do you do next? Move on to a new MLM or start your own MLM?
Life is unpredictable, so please do not try to mislead people into thinking they can succeed in MLM as only the upline or one who started the MLM will get richer and profit on the ignorance of the downlines. I just pray everyone will learn to wake up and recognise the dangers of MLM.
Hi Cepat,Originally posted by Cepat:Sorry this forum should not be on promoting MLM but to expose the lying, untruths, hypocrisies of all MLMs. Sorry if I sound so blunt to anyone working in MLMs but I'm pissed off with having to be told that education is not important but come on, it's only lazy ignorant people who hanker after easy ways to get richer.
Thanks to this forum that it opens our eyes to the different types of MLM scams. Everyone should put in more effort to look for proper jobs rather than just wait and depend for their downlines to run dry. There's no such thing as a free lunch without working hard at getting a proper job.
.
What do you mean by wrong choice of words? I'm just hitting at the truth and reality of MLMs and the truth always hurts, just that some people prefer to hear honey coated words while ignoring the truth. Sorry I don't beat about the bush but go directly to the point.Originally posted by husky1609:Hi Cepat,
I'm not here to flame but just to clarify some misunderstanding you have about the industry....
1) No doubt there are unethical ppl in this trade, wrong choice of words might caused ppl to be offended. You are right in saying education is important, and in my opinion its for knowledge's sake.... Can you guarantee everyone will get a degree, masters or PHD if they study??? No?? Can your boss guarantee you a job to replace his position in 15 yrs time?? No?? When you play soccer, training everyday, will you wind the world cup??? Maybe??
Death is the only certain thing in life but at least we can make our lives meaningful if we continously upgrade. There is always insecurity in having a backup plan for MLMs, because in the first place, MLMs don't necessarily mean a permanent lifelong residual income as sooner or later the number of downlines will dwindle.See??? Nothing in this world is certain except death, and your boss cant even guarantee your job for life..... can he??? What generally MLMers are saying is to find a back-up plan in case things go wrong, or another opportunity to strike out in business with minimal start up capital.....
There's nothing wrong in the company trying to award recognition to its top salesperson, but the way they do it is wrong. It only fuels the greed in everyone, come on, who doesn't want that nice looking BMW in the photos they put up on the walls. Everyone will try to achieve the car target by unscrupously targeting their relatives and friends and trying to hardsell to them the benefits of using their products. Striking fear into others is really a despicable act that should be punishable by law. The only end result is a loss of face within the family (bad news spread fast) and loss of friends as everyone will avoid the MLM salesperson.And wats wrong with recognition???? Those company that rewards employees are wrong to do so??? Is it their fault that they earn more money to afford to buy a luxurious cars?? MLMers are only saying the possibilities are there, nobody promised anything.... Effort is still needed.....
Tell me a way that you dun need to sell, dun need much effort, sit at home watch TV, dun need investment, no risk and confirm to earn a lot of money???? If you can tell me and answer all my questions, I'll follow you with my whole network of ppl......
Finally, you're saying that MLM is a business that allows normal people to have a chance to earn astronomical income with proper amount of effort and hardwork. Well anyone with the right capital and business logic can also achieve that but look at the real situation, how many people can actually succeed in starting a new business? There's bound to be failures as not everyone has that elusive business acumen. Do you actually own the business as you're just representing an existing company? How much control do you actually have in running your own business?Please understand that MLM is a business that allows normal ppl to have a chance to earn astronomical income with proper amount of effort and hardwork.... Ya you will be saying working in the society also can earn say 10k a month???? how many ppl has this chance???? You probably need to have a good honours or masters, work for 5 to 8 years before you get this kind of income.... how many frens do you have earning 10k a month??? how many years do you think you need to work before you earn 10k a month??? MLMers only tell you its possible within a short time if the right attitude and effort is put in.....
I'm sorry to say but you're splitting what I said into three separate posts. Anyway I stand by the same principle that as long as one continues to upgrade oneself, then one will not worry about being retrenched unless one makes mistake at work which may lead to possible retrenchments.Originally posted by husky1609:Every job or business or anything for that matter, there will be failures and success. If you put in effort with the right mentality, you will see your results....
If you dun study, everyday play football, will you have good grades??? maybe... even if I let you have good grades, will you be guaranteed a good job??? maybe??? Even if I let you have a job you like, will you guarantee you'll climb the corporate ladder all the way??? maybe..... Even if I let you be at the top, can you see the number of ppl who failed trying to achieve the same as you????? And in life its full of maybes, who is to tell if anyone wants to try and change his life for the better and not stick to the norm of being a salaried worker????
Then are you saying that those ppl who starts their own business are crooks??? Well, they are hiring ppl and exploiting them.... employers wanna pay as little as possible and employees hope to get paid as much as possible so who is to say???? When you are willing to get hired, then dun complain that your boss pay you little...... Same theory goes everywhere.....
MLM is an industry based on marketing of a quality products thru your own network of ppl and passed down along the way as the name suggest. Savings of huge amount of advertising fees are then used to pay out as commission..... To put it in very very layman terms.
Have you bought a sony appliances before?? have you got a mobile phone??? Did it ever occurred to you that the cost price is only a fraction of wat you paid for it??? all those money are spent on advertising and branding. So is sony or nokia scam companies also????
Salesman sells agressively, insurance agents look for their frens and family first, and they also recruit new agents, so are you telling me that insurance is a scam also????
Sorry that sounded like a flame, you're implying I'm not hardworking?Originally posted by husky1609:Hi Cepat,
You will be surprised that ppl who earned a lot in this industry are much more hardworking than you. IF you think MLM is easy, effortless and with the misconception of squeezing downlines dry, you are very very mistaken about this trade.
If you have a proper job, means dun need to worry for life liao izzit??? if retrenched how??? I believe many others here are looking for opportunities rather than wait for retrenchment and uncertainties to happen and catch them unaware. Yup there is no free lunch, MLM needs a lot of effort to succeed, and thats where I agree with you that many many ppl wants the huge money but dun wanna put effort, thats why so many ppl are saying its a scam..... they are basically saying "I THOUGHT THIS IS EASY MONEY WHEN I SIT AT HOME WILL GET MONEY, AND IF I DID NOT, THIS IS A SCAM. I DIDN'T KNOW MUST PUT IN SO MUCH EFFORT. I DID NOT FAIL, ITS THE INDUSTRY THAT FAILED ME."
basically my reply is very neutral, its not meant to flame or to say MLM is good..... not everybody is suitable for MLM, and if you dun wanna work hard, then dun join MLM cos you wont make it........
You can have your opinion about MLM & probably you're disappointed with those companies & speakers that you had seen but please do not curse.Originally posted by Cepat:It's only the irritating MLM speakers who should be burnt in eternal damnation since they only know how to mislead people with their supposed wealth like luxury cars and high monthly residual income.