Venture Era - a defending point of view.
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Why do MLM like to claim that they are doing business and that they are the boss of their career?
Isn't it funny that an MLM-er have no flexibility of a true boss?
1. You can't control the price of the products
2. You have to CONvince people to join you whereas a boss need people to convince them instead.
3. You have to attend training from someone that profits from you.
4. A boss profits his own money not from others 'bosses' and his 'profits' are not taken away to higher ranking 'bosses'.
MLM-ers are not bosses, they are merely agents/distributors.
Passive income? Let's say no one under you made a sale, then where is this 'passive' income coming from?
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Originally posted by huzane89:
1. You can't control the price of the products
mlm is like a franchise business,since we are like branches of the company,the company already has a set price for us when we sell a product,just like macdonald's and kfc,do you see different prices at different places?
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Originally posted by huzane89:
2. You have to CONvince people to join you whereas a boss need people to convince them instead.
This part is what i call leading people to achieve their dream,if you have a strong urge to go after your dream,you will go through the hardship of obtaining what you wish to achieve.Think and Grow Rich can explain very well.
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At least I can confirm for macs (and breadtalk since I'm also BT's shareholder), they do sell different prices at different places within Singapore.
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Originally posted by huzane89:
3. You have to attend training from someone that profits from you.
Since it's like a franchise business,the person that profits from you should be training you,when you get a franchise,the franchiser will train you and teach you the system to reduce the chances of failure and they will take a part of the profit,mlm works that way
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Originally posted by huzane89:
MLM-ers are not bosses, they are merely agents/distributors.
Passive income? Let's say no one under you made a sale, then where is this 'passive' income coming from?
I agree that mlmers may be agents/distributors of the company however it is the part where mlmers can train others to do the same which is why when you have an organisation then the management style is just like being a boss.
Yes,passive income can be made,BUT definitely not when you have no one under you or if the agent scams you by saying "it's so simple:you just drink coffee,tell story,make money!!!",things are not so simple,passive income is gained your hard work has shown results.
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Originally posted by eagle:
At least I can confirm for macs (and breadtalk since I'm also BT's shareholder), they do sell different prices at different places within Singapore.
I'm talking about the majority,like a mac in woodlands should be selling at the same price as a mac in pasir ris,if you are talking about a mac in town that is selling at a different price then you have to understand that they need rental of space and you know rental costs are different everywhere.
For mlmers no need to pay for rental of space,they themselves are a mobile shop already.
Note:A warning,be very aware of companies that frontload you,meaning you have to purchase so much products that you can't actually sell everything off in a month,well there are some that can make it however do study the industry properly.
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Originally posted by Ageleon:
I'm talking about the majority,like a mac in woodlands should be selling at the same price as a mac in pasir ris,if you are talking about a mac in town that is selling at a different price then you have to understand that they need rental of space and you know rental costs are different everywhere.
For mlmers no need to pay for rental of space,they themselves are a mobile shop already.
Note:A warning,be very aware of companies that frontload you,meaning you have to purchase so much products that you can't actually sell everything off in a month,well there are some that can make it however do study the industry properly.
Please go and read the Annual Report of Breadtalk. They mentioned that it was not because of rental that they charged different prices.
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Originally posted by Ageleon:
I agree that mlmers may be agents/distributors of the company however it is the part where mlmers can train others to do the same which is why when you have an organisation then the management style is just like being a boss.
Yes,passive income can be made,BUT definitely not when you have no one under you or if the agent scams you by saying "it's so simple:you just drink coffee,tell story,make money!!!",things are not so simple,passive income is gained your hard work has shown results.
You have little idea of what exactly is passive income. In current times, many people change jobs over their lifetimes. The turnover rate of your 'downlines' will be so high that you will find that you will change from being a salesperson to being a trainer if you want to have that many downlines. In the end, you will find that the amount of time and work you need to put in is still a lot, so much so that it is still not passive income.
Examples are stocks that you have spent some time analysing their past 20 years of financial data. And all you need to do is to relook at their financial report every year for 1 extra year of data. It builds upon your previous knowledge of them.
Another example is to build information websites. Everytime you add information, it compounds into what was originally there. There's little need to start from zero for someone new, unless the server crashed and all data is lost. Then again, constant backup should be done (common sense) to minimize such losses.
But in the case of MLM, when one of your 'downline' leaves, you need to start all over again with a new person. All your previous efforts will come to naught when someone under you leaves. This is not passive income. It's only passive income for the topmost (maybe it's still not for them), where he has already a team of salesman (like you) to train newcomers for him to sell his products. Basically, MLMers are not much different from insurance agents, and I would say, you will be better off as an insurance agent, because your passive income can come from people with term policies, in which you get recurring passive income for a policy sold whenever they pay to renew their policies again.
The way to so called passive income is to acquire assets when you are young. MLM could earn you an amount, but it's how and what you do with the money, whether you acquire more assets or liabilities when young, that determines whether you could be financially free in the future.
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Originally posted by Ageleon:
mlm is like a franchise business,since we are like branches of the company,the company already has a set price for us when we sell a product,just like macdonald's and kfc,do you see different prices at different places?
U cant completely said this actually.. Diff ppl diff pov .. Mac, KFC, BT etc etc have their own successful "cycle of business" example way to cook this bake that .. While mlm-ers dunno how the products is make just roughly know it but not produce it yourself so its like no diff from a salesman, Isnt it?
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Originally posted by Ageleon:
This part is what i call leading people to achieve their dream,if you have a strong urge to go after your dream,you will go through the hardship of obtaining what you wish to achieve.Think and Grow Rich can explain very well.
Partly agree, if u go the wrong way no matter how hard u work also useless.
There's no shortcut to success.
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Originally posted by eagle:
You have little idea of what exactly is passive income. In current times, many people change jobs over their lifetimes. The turnover rate of your 'downlines' will be so high that you will find that you will change from being a salesperson to being a trainer if you want to have that many downlines. In the end, you will find that the amount of time and work you need to put in is still a lot, so much so that it is still not passive income.
Examples are stocks that you have spent some time analysing their past 20 years of financial data. And all you need to do is to relook at their financial report every year for 1 extra year of data. It builds upon your previous knowledge of them.
Another example is to build information websites. Everytime you add information, it compounds into what was originally there. There's little need to start from zero for someone new, unless the server crashed and all data is lost. Then again, constant backup should be done (common sense) to minimize such losses.
But in the case of MLM, when one of your 'downline' leaves, you need to start all over again with a new person. All your previous efforts will come to naught when someone under you leaves. This is not passive income. It's only passive income for the topmost (maybe it's still not for them), where he has already a team of salesman (like you) to train newcomers for him to sell his products. Basically, MLMers are not much different from insurance agents, and I would say, you will be better off as an insurance agent, because your passive income can come from people with term policies, in which you get recurring passive income for a policy sold whenever they pay to renew their policies again.
The way to so called passive income is to acquire assets when you are young. MLM could earn you an amount, but it's how and what you do with the money, whether you acquire more assets or liabilities when young, that determines whether you could be financially free in the future.
You are simply stating all the negative points, when my downlines stay then isn't there passive income generated, just because you don't like mlm doesn't mean you have to say I don't know stuff, you only point out things that will happen negatively from my comment and now you say I don't know what is passive income.
Look at what I commented again:Yes,passive income can be made,BUT definitely not when you have no one under you or if the agent scams you by saying "it's so simple:you just drink coffee,tell story,make money!!!",things are not so simple,passive income is gained your hard work has shown results.
Actually your comments are biased judgements as I believe you have never been in mlm before and you are commenting and bad-mouthing the industry just because you heard stories but is that fair to us mlmers. Go ask the people who told you that mlm is a scam or whatever, ask them why did they fail, how come things did not work out, did they follow the system, ask if they were afraid to even talk to anyone about the opportunity or products, ask everything about why it didn't work out then you understand better.
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Originally posted by Ageleon:
You are simply stating all the negative points, when my downlines stay then isn't there passive income generated, just because you don't like mlm doesn't mean you have to say I don't know stuff, you only point out things that will happen negatively from my comment and now you say I don't know what is passive income.
Look at what I commented again:Yes,passive income can be made,BUT definitely not when you have no one under you or if the agent scams you by saying "it's so simple:you just drink coffee,tell story,make money!!!",things are not so simple,passive income is gained your hard work has shown results.
Actually your comments are biased judgements as I believe you have never been in mlm before and you are commenting and bad-mouthing the industry just because you heard stories but is that fair to us mlmers. Go ask the people who told you that mlm is a scam or whatever, ask them why did they fail, how come things did not work out, did they follow the system, ask if they were afraid to even talk to anyone about the opportunity or products, ask everything about why it didn't work out then you understand better.
Nah, I didn't state any negative points; I stated the truth. Note that I did not tell you MLM will not benefit you at all. Please point out where I bad-mouth the whole industry -.-"
You still do not understand what is really meant by passive income. Passive income is really acheived when you can just drink coffee, tell story, and with minimal efforts you still make money. Just as you have stated it yourself, you need hard work. But this hard work is still required year after year after year; thus it is not passive income. It's work all over again when your downline leaves. I don't believe you will be able to get downlines who will stay under you and work till the day you die.
Passive income is to be built upon through hard work, yes. But not through your downlines; that is not called passive income. Don't get confused.
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Originally posted by eagle:
Nah, I didn't state any negative points; I stated the truth. Note that I did not tell you MLM will not benefit you at all. Please point out where I bad-mouth the whole industry -.-"
You still do not understand what is really meant by passive income. Passive income is really acheived when you can just drink coffee, tell story, and with minimal efforts you still make money. Just as you have stated it yourself, you need hard work. But this hard work is still required year after year after year; thus it is not passive income. It's work all over again when your downline leaves. I don't believe you will be able to get downlines who will stay under you and work till the day you die.
Passive income is to be built upon through hard work, yes. But not through your downlines; that is not called passive income. Don't get confused.
You don't get it.
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Originally posted by Ageleon:
You don't get it.
Nah, it's you who don't get the difference between active income and passive income. It doesn't show any better on you when you made this post without anything to substantiate yourself. It only shows that you can't refute any points I have made because they are the truth. And the truth hurts.
Looking at what you have said, I believe you would also tell me most bosses are earning passive income. You are saying that as long as you have people working under you, that's passive income. That's clearly not true.
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Originally posted by Ageleon:
You don't get it.
Then pls state ur pts -
Originally posted by laurence82:
Then pls state ur ptsIt seems like he's starting to turn into self-denial mode by making that statement.
Especially when he tell me I am bad-mouthing his industry, yet cannot point out where I did so.
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Originally posted by eagle:
It seems like he's starting to turn into self-denial mode by making that statement.
Especially when he tell me I am bad-mouthing his industry, yet cannot point out where I did so.
oh, must get used to itfive years liao, people change attitude still sucks
altho i must say that behaviour is not only in self denial mode, i dont understand why they go into defensive mode when challenged
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five years liao, people change attitude still sucks
I guess it still isn't clear to them.
If the passive income was so great, people wouldn't change (this topic has already been year for > 2 years). They would instead be more and more active because they would have more time to spend. There are only 2 reasons I can think of at the moment why the original batch disappeared.
1) They are disllusioned.
2) They must be working very hard at MLM, so hard that they do not have the time to post here anymore ==> clearly passive income building didn't succeed.Why is it that most youngsters nowadays like to think that they are definitely smarter than most people just because they have attended some course/training or read some books?
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Originally posted by laurence82:
oh, must get used to itfive years liao, people change attitude still sucks
altho i must say that behaviour is not only in self denial mode, i dont understand why they go into defensive mode when challenged
They always do lol .. They should be glad to answer question and explain not going so denfensive.. so much for being a businesman -
To add, I would think investments would be a better example of passive income. Even speculative trading would demand a lot of work, so I was thinking more of long term investments, those you throw in a bit of money and wait for dividends at the end of the FY.
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Yeah, but they will sure said u "why wait so slow for the cash?"
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Originally posted by laurence82:
To add, I would think investments would be a better example of passive income. Even speculative trading would demand a lot of work, so I was thinking more of long term investments, those you throw in a bit of money and wait for dividends at the end of the FY.
That was what I have told him, and I have personally done so before telling him.
He still insists that building lots of downlines in MLM will lead to passive income (I should think he is aiming for lots of it) in the future.
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Originally posted by Midlusionz:
Yeah, but they will sure said u "why wait so slow for the cash?"
Yet they say "you need hard work and time to build up" and that "things are not so simple"
Convenient excuses for people who failed and questioned why
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Originally posted by eagle:
That was what I have told him, and I have personally done so before telling him.
He still insists that building lots of downlines in MLM will lead to passive income (I should think he is aiming for lots of it) in the future.
lol passive income gone when downlines gone lol.