|
|
#22 (permalink) |
|
Junior Member
Join Date: Feb 2008
Posts: 13
|
Firstly, MLM just means multi-level marketing, which has to do with time leverage. it is perfectly legitimate,it is not a pyramid scheme either.it is a revolutionary way of marketing as opposed to the traditional marketing.The best MLM is you.As long as you retail a generic information product that brings profit for free advertising which would produce endless leads, thus endless business growth.I have a couple of MLM I can give you as soon as I am allowed to include my links.
|
|
|
|
|
|
#23 (permalink) |
|
Gigantic Member
Join Date: Dec 2007
Location: Mexico
Posts: 305
|
I've always been struck buy the similarlity of MLM (at least the models I've seen) to a Ponzi scheme. In that everybody is looking to build downlines, all of whom are looking to do the same, and at some point when everyone on earth is selling Tupperware or whatever, there won't be anybody left to be on your downline. (And nobody to sell to because everybody is getting the stuff wholesale :-)
__________________
MEXICAN SLANG 101 |
|
|
|
|
|
#26 (permalink) |
|
Gigantic Member
Join Date: Dec 2007
Location: Mexico
Posts: 305
|
Not to mention that the population of earth expands at a very different rate the geometric expanison of "downlines".
A local sideline here, but illustrating that the "ponzi scheme" concept is wider than one thinks: An evil realty/timeshare promoter (forgive the redundancy) in Cancun was imprisoned in the USA for his schemes, which were huge and involved Mexican politicians all the way up. He was charged with investor fraud, some obscure counts...and running a pyramide scheme. That one had me scratching my head, since I think of Ponzi as a strictly financial frammis. But I figured out: if you have 100 units of condos and sell more than 5200 time share weeks (which this guy did, big time) how to you get away with that? Sooner or later two people claim the same unit/week. But what if you say, "Oh, sorry, there was a screw-up: how about we give you two weeks next year to make it right?" Well people who buy time shares aren't the sharpest knives in the drawer, and most go for it. Well then, what have you done at that point, if not accepted investor money, promising a payoff in the future which can never be satisfied because of geometic expansion? I'm not intimately familiar with MLM fine print, but I'd say a lot of them tread pretty close to that line. It probably comes down to carefully wording the distinction about the sky being the limit, but only on earth.
__________________
MEXICAN SLANG 101 |
|
|
|
|
|
#27 (permalink) |
|
Junior Member
Join Date: May 2008
Posts: 3
|
I have been reading the posts relating to Network Marketing and I can fully understand why the overall opinion is that the industry is full of scam artist, peddling illegal pyramid schemes.
The fact is over 95% of people involved with mlm make no money!! It's no surprise! MLM is a business filled with non business people. Most of these people have little or no experience with sales, marketing and advertising. The mlm companies will tell you that any one can do this business. All you need to do is write a list of 100 friends and family and you're a millionaire. How easy is that? Where doI sign up? What a load of cows hanging bits!! I know a few people that are making good money out of network marketing and they ain't bothering their brother, mother and the milkman. Anyone thinking of getting into network marketing and think that they are going to retire in two weeks with ferrari and a penthouse forget it. Go and rob a bank or something. If you want to be one of the 5% who actually MAKES MONEY !! Then I suggest you start by reading "Think and Grow Rich" and "Rich Dad Poor Dad" to get the right mindset. Then get a system like Magnetic Sponsoring or Renegade Marketing. Then after that join an established mlm company and who knows you might be next super star chillin on the private beach. |
|
|
|