What's up /biz/ ?
I quit a big MLM this week... I'm willing to answer some questions and discuss some opinions on it.
>never invested a dime in it
>made money without fucking people over
>i quit because these fucktards think they are entrepreneurs and run a legit business, which they don't
>i learned a LOT
Damn, those products are the worst ! Aloe Vera MLM's are the reason pyramide schemes are still a problem, you have to buy a starter pack in those companies...
They don't realise they are their own costumers
i dont understand how MLM companies are able to adapt so quickly
arent people familiar with them being scams or hard to make money off of for the most part? why are they still so popular?
It's a brand that sells something and adds valua that way, you didn't have to pay to get in. So if someone wanted to start, why would i screw them over if i signed them up ? they could just leave and lose nothing.
its actually a multinational where a piece of the company is MLM, it's a legit business.
Free lessons in almost every aspect you need as an entrepreneur. ranging from time-management to persuading a client.
i really learned a lot of stuff that i would never learn at school.
And when it's too late and they do recognize one, they are already talked into accepting it.
I really don't hate MLM, as long as it adds value without needing to sign up new people
All mlm schemes are doomed, even those which are not entirely based on signing people in. It's always the bonuses from singing more people in that attract interest, the profit margins when you're solely selling products are just too low. Eventually there are more people selling or interested in joining than actual product buyers.
Just face it.
They all work the same don't they?
Some shitty ass overpriced product is a veneer for a pyramid scheme basically which relies on you recruiting people and getting them to recruit and pay you.
Right, but the main focus is always the recruiting stream and selling "intro" packages.
That's true in most of them, especially in those who don't add needed value... for example the aloe vera bull shit, its not something that has a lot of demand... they just create a crap hippie story around it to make people buy it and think they are better or more healthy than the average person...
Then you have those mlms that do sell value, for example telecom services and insurances... those mlm offer some great products and prices. They just rely on using the new recruits network to sell the products to. Is it wrong ? No. Is it a lazy way to create a target group ? Yes. Are you an entrepreneur ? Yes, but it's not a durable entreprise...
Almost got sucked into an MLM company just a few days ago. They never give you the details upfront and won't even do so even when you ask them. The company's logo isn't even displayed anywhere outside of the building. They keep saying that you'll know everything once you've join by first paying them a "background check" fee and coming to their important meetings. They use cheap tactics to encourage you to join, like getting pretty women to talk to you, inviting you to speak with the "CEO", etc. Everything is just smoke and mirrors. It wasn't until I researched the company online that I found out what it was really about.
I never understand that people think they run a legit business when they have to lure people in...
There are some respectable MLMs out there, there are even more real pyramide schemes that scam you right away...
I got hired at an insurance company not long a go. It's a small, local place but I was always suspicious of insurance sales.
After talking to other employees I find that it's salary (management confirms its around 28k/year starting) and works on a very tiny commission, maybe 5-10% and I will be working more on account collections and bookkeeping with sales as a side goal. My only concern is that I have to pay for my own license fee (limited life so no tests) and finger printing.
I'm still insecure about this job and don't know what warning signs to look for that I'm getting duped. Suggestions? I also got drug tested and they won't let me start working til my fingerprinting comes back clean
Just look at what they have to offer you and what you have to invest.
For example: you have to pay a 100 dollars for a starter kit but you get something valueable ( the kit ), some basic lessons in sales and a nice pen.
Its just a hundred bucks man, try it and you'll see what you get from it.
If you have to invest 500dollars for a box of overpriced shampoo and you get no training or value in return... tell them to fuck right off