MLM stinks and stings, do you agree?
By balan1844
@balan1844 (23)
Malaysia
June 15, 2008 6:07am CST
I have gone in and out of nearly 50 MLM discount cards they say and lost money in in. Therer was a lot of exitement making money,,but mostly no body made t yet..except the 1 person..the upline of his upline of his upline of his upline of his upline of his upline..Foe every person who makes 10,000 dollars bonus there are 10,000 person who make nothing..agree?
4 responses
@chennai_b02 (1735)
• India
16 Jun 08
YEs, you are right.. in most of the MLM, only the promotors will earn the money.. by putting most of the legs in their names and their family member/friends and relatives names..
In india, recently we have locked some of the top line MLM companies, and their MD's has been arrested and put them to the prison.. and several crores worth of gold and Silver and even they have ceased crores and crores of Rupee in cash from the MD's personnal locker from the bank..
Its very ridiculous things.. the poeple those who invest in the company Rs.32000/- per head, they are waiting for the payment for the past 6 months, no one gets the payment..
Very horrible situations.. nobody is perfect in the MLM business..
When u join, you have to get the produts as equellent to the cash you have paid. then only will safe with your investment..
All the very best.
@balan1844 (23)
• Malaysia
19 Jun 08
Thinking about it..actually MLM companies inflate the price of the product at least a 1000%. They will buy bulk for say 10 dollars, add another 200% for management, add another200% for clean profit f0r the MD, add another 100% for R&D, add another 700% for highest rank distb pay out, another 100% for car fund and international tour awards, not forgetting another 100% for stockist.. which in the end will cost 140 dollars and we forgot customers price plus 20% of 140, which is another plus 28 dollars..final price the customers ,who are usually our good friends, contacts and relatives pay 168 dollars for that 10 dollars product..what an injustice..i surrender MLM abbrev for MANY LOSE MONEY..
@Juduka (118)
• Finland
25 Jun 08
MLM is something to obviously attracts people that like to play lottery. Especially on the internet there are plenty of downright scams, that seem to strive very well for a few months, people getting in, hoping to be at the top and always it falls.
I like the term network marketing. That's what it is all about: building networks and marketing. And I think it's the best. This business is not for people who fear contact and don't like conversating with people. For everyone else it could be perfect. But two things you need to be able to make serious money, you need feel and know the products are good and you need to be willing to work, productive work for your network-marketing business would be to build your network and market.
In my company we have an autoship program. If you get a customer on it you will make from 10-100 euros a year depending on their consumption. It can of course be more, but that would mean the client is a real coffee fanatic. For introducing new people to business opportunity we can make matching bonuses from the people they market to.
I've never seen people who make passive income of over +1000e/month that hasn't worked for it.
Promoting is important. Getting people into the business is good, but if you can't teach them to get customers it won't last long. Unless of course you're one of those sales persons that want to make a fast a big fat check.
