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12-04-2003, 04:36 PM
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#2 (permalink)
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Senior Members
Location: Connecticut - USA
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Bah.... silly newb, MLM is for scammers.
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12-05-2003, 04:30 PM
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#3 (permalink)
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Senior Members
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MLM is not a scam
Everyone is entitled to their own opinion, but I must ask, bps092, considering you are 16 years old (I checked your date of birth on your profile), and you must be at least 18 years of age to join a MLM company, how can you say that "MLM is for scammers"?
Considering your lack of experience in the field(which is none at all since you aren't old enough to join a network marketing company), do you really feel that you are qualified to make such a statement?
Wouldn't it seem more appropriate for somebody who has either had it work or had it fail for them personally to comment on the subject?
Please don't run around these forums bad mouthing MLM when you have had no experience with it. I am a network marketer and I take my business very seriously and very profesionally. If you read my two latest posts maybe you will gain a different perspective on the industry.
Please see them under General Busines > Contacts, Resources, and Research > Anyone?
I could be wrong, however. Maybe you do have some reasons why you say MLM is for scammers. If so, please share them with me so we can discuss this. I don't think that an industry that does billions of dollars in sales every year and has companies traded on the NYSE can be a "giant scam" though...
-Wesley Heath
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12-05-2003, 06:42 PM
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#4 (permalink)
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Senior Members
Location: Connecticut - USA
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Let me first start off by saying that MLM once once a beautiful, honest thing. Now it's just a waiste of time. The market is flooded with it and it's just another fad. Studies show that I happened to have read a few months ago that 80% of the MLM programs introduced onto the Internet were scams and in fact did not pay out any of their members. All i'm saying is that i've heard bad things about the place he is promoting.
As to the 18 year old thing, you are wrong. I know people younger than I am involved in it. I'm 16, get over it. I have probably done more things and been involved in more business ventures than most 35 year olds. Does that give me bragging rights? No, not at all. We all know MLM is junk, it really is now. It's sad because it was once very effective and very lucrative. The only reason that member probably joined the board was to gather members and spam the URL like most MLM's do. I'm a newb here but that doesn't make me stupid.
As to what makes me qualified, I think I am qualified. I have in fact been involved in MLM before and yes I was scammed several times with trial and error with different companies. I learned from my mistakes and educated others not to follow MLM. If you're an entrepreneur, use your knowledge and heart for your own benefit, not someone elses.
Lastly, don't judge a book by it's cover, you don't even know me.
Take care.
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12-05-2003, 08:23 PM
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#5 (permalink)
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Banned
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The only people making REAL money in MLM are the ones who start the companies and succeed in roping other hopeless individuals into their plan for personal wealth.
Lets face it - there are VERY few MLM's that are worth while, and even those ones don't deliver as they promise in the recruiting sessions. Start your own company, don't jump on the slowing train that is MLM.
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12-05-2003, 08:27 PM
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#6 (permalink)
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Senior Members
Location: Connecticut - USA
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Quote:
Originally posted by ericesquire
The only people making REAL money in MLM are the ones who start the companies and succeed in roping other hopeless individuals into their plan for personal wealth.
Lets face it - there are VERY few MLM's that are worth while, and even those ones don't deliver as they promise in the recruiting sessions. Start your own company, don't jump on the slowing train that is MLM.
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You couldn't have said it better. He's exactly right.
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12-05-2003, 11:48 PM
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#7 (permalink)
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Senior Members
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Bps092,
You say MLM was once a beautiful honest thing. When was that? Was it before people started using the internet to promote their companies? I must agree with you, I hate the MLM spam all over the net. But that doesn't make me believe the whole thing is worthless! Network marketing has been around for over 40 years. At what point did it change from being a beautiful honest thing to being a "waste of time" as you say? Is the idea of employing leverage, so you get more done, considered a "waste of time?" Let me give you a quick example. There is a man 2 levels up from me in my organization who has 14,000 people in his downline. His name is Phillip. Lets do some math real quick:
The most hours you could work during a day is 24 hours, right? Well if you worked for 24 hours a day for a full year (365 days a year), you would get paid on 8,760 hours of work.
What if everyone in Phillip's organization worked just 1 hour during one single day throughout the entire year? That would mean 14,000 people working 1 hour out of one day during an entire year. Phillip would get paid on 14,000 hours of work.
So...to get paid on 14,000 hours of work, most people would have to work for a year and a half, 24 hours a day, for 365 days a year....to do what Phillip can do working 1 single hour throughout the entire year.
1.5 years vs. 1 single hour
Can you honestly say that investing your time and building a network marketing business is a "WASTE OF TIME"? It is in fact quite the opposite! Network marketing actually CREATES time for you!
You also say that "the market is flooded with it and it is just another fad." Let's take a real quick look at "the market flood." We'll put something into perspective real quick.
There are somewhere around 6 billion people living in the world today.
There are about 15 million network marketers in the world, which comprise every network marketing company currently in existence. Lets say that there are only 1,000 network marketing companies (there are actually many more but I want to use conservative numbers to show you a "worst-case scenario" example).
That means there are about 15,000 distributors per company. (Of course, that isn't the reality...some companies will have 500,000 distributors(although I would estimate less than 10 actually do) and some will have 500...I am simply making an example)
So if there are 15,000 people in your entire company, and there are 6,000,000,000 people in the world, that would mean that .0000025% of the world is involved in your company, and .025% of people world-wide are involved in the industry altogether. That would leave 5 billion and 985 million people left who AREN'T INVOLVED IN MLM, or 99.975% of the people in the world. That would also mean that approximately 399 out of 400 people you talk to WON'T BE INVOLVED IN NETWORK MARKETING, MUCH LESS KNOW ABOUT YOUR COMPANY. If you take into consideration that you can join more than one company with non-competing products, the opportunity to make money in network marketing will theoretically never dissipate.
There are 300 million people living in the United States. When you arm yourself with the knowledge of what a career in network marketing can provide for a person and their family and their lifestyle, then you have 5 billion and 985 million people to tell about it!
Can you honestly say that a market is saturated, or "flooded" as you put it, when there is only .025% of the worlds population involved and 99.975% who aren't involved? Of course not! Please reconsider your statement!
You said you read a study that claimed 80% of MLMs introduced onto the internet were scams and didn't pay their members. Could you site this study? I would love to read exactly what it said. I only ask because you also said that network marketing is a fad. A fad is a trend on the verge of dying out. The study I came across three months ago, conducted by Len Clements, that was published in "Opportunity World" magazine, gave 8 solid reasons for a coming network marketing boom. The trend was evaluated according to 8 seperate criteria:
1. The Economy
2. Demographics
3. Wall Street
4. Supply and Demand
5. New Blood
6. Positive Media Exposure
7. Regulation
8. Industry Growth Rates
READ IT HERE:
http://www.buildabetterincome.com/comingboom.html
This exhaustive study was conducted by Len Clements, who began investing MLM because he was so skeptical and set out to prove to everyone that MLM was in fact a scam. What he ended up realizing was in fact the opposite of what he initially believed, which was that MLM wasn't dying...but that it was actually gaining momentum! He felt compelled to expose the fact from fiction about the industry, and this study is the result. It has recently been recorded in audio as well. Take a few minutes to read through it for yourself. After you read it, can you still say that MLM is a fad that is about to die out? Where is your study?
You say that you have heard "bad things about the place he is promoting." Maybe his company is irreputable. I don't know. What I do know is that there are scams, and yes, there will always be scams, as there have always been scams. Typically the action is described as "the network marketing company was shut down because it was determined to be a pyramid scheme." This is like saying, "A really honest man was exposed as a liar." Well then he wasn't an honest man, was he? Either you're an illegal pyramid scheme or you're a legitimate network marketing company. Besides, is it really fair to say MLM scams are any different from traditional business scams? Do I even need to mention the numerous corporate scandals occuring today? Enron? WorldCom? Vivendi? Even AOL Time Warner is now under criminal investigation!
The point is that it is YOUR responsibility to be selective and do your homework before joining anything that could turn out to be a scandalous. Talk with others in the company. Check the managements credentials. Check with your state and see if there have been complaints filed against the company. See if they are a member of the Direct Selling Association. If you spend time choosing your company wisely, you will know whether or not what you are getting into is legit.
Did you know that there are over 20 network marketing, or MLM, companies are currently being traded on the New York Stock Exchange and some are even on Fortune's list of 100 Fastest Growing Companies? A few examples are Avon, Shaklee, Amway, A.L. Williams, Primerica, and Mary Kay Cosmetics. If these businesses were scams, the SEC wouldn't allow them to operate and they certainly wouldn't be getting positive public press as being excellent companies!
Do we really "all know MLM is junk" like you say? Can an industry that does over $80 billion dollars in sales revenues every year be "junk"? An industry that joint ventures with companies such as Microsoft, AT&T, Gillette, Citibank, Colgate, MCI(ever heard of "Friends and Family"???), IBM, Toyota, Xerox, Texas Instruments, General Motors, General Electric, AOL, Netscape, Oracle, Sun Microsystems, Skytel, and Coca-Cola to distribute some or all of their products? Are you arguing that these companies don't know what they are doing and that they are getting involved in scams? Lets be realistic bnp...
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12-05-2003, 11:49 PM
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#8 (permalink)
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Senior Members
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Yes, maybe that member you were referring to did get involved just to spam his MLM opportunity. It's people like him that give the professionals in our business a black eye. Please, don't stereotype us all. Just because he may use unethical practices to build his business doesn't mean we all do. I hold a luncheon every Tuesday and Thursday where prospects come in and we discuss the business. I give a short presentation and then they ask questions. Everyone dresses formally, most wear suits, and the air of professionalism is, what I believe, attracts people to the business. I have had three corporate CEO's come for meetings, and have personally sponsored one of them...and I have only been in this business four months. Maybe you didn't know this side of the busines existed?
Please, tell us what companies you were involved with so that others don't get scammed themselves! Protect those people who are genuinely looking at a network marketing opportunity from possibly joining one of your old companies that scammed you so bad! What were they?
I'm am honestly interested, please tell me what about the company that you worked for was a "scam"? I mean specifically, what made it a scam? Was the company shut down? Who was the company? Did you report them to the authorities with complaints?
Many times people fail at MLM because they aren't given the proper education on how to succeed in the business, and when they fail, they blame the industry and say, "it doesn't work" when in fact it didn't for FOR THEM because they didn't know EXACTLY what it took to succeed! I believe bnp, if you were to give it one more fair chance, that I could teach you, unquestionably, what it takes to make it in multi-level marketing. I could do this for anybody who is open minded enough and willing to let me train them. (By the way, I'm not trying to recruit you here, I am only making a point). I could teach it to you without using vague terms such a "be a leader" and "think positively." I can tell you verbatim exactly what to say in the most common situations with a prospect that will lead to positive results most of the time(nothing is fool proof. There is no 100%. Obviously there is no skill or tactic to get 100% of people involved. This defies human logic).
How can I do this? I researched the big leaders in this business for months and I model their behavior for success. I bought tapes, videos, home study courses, read books, etc... They teach exactly what they did to succeed. All I do is the same thing that they did. You should know this! Think and Grow Rich by Napoleon Hill says that one of the greatest ways to become rich is to model the behavior of those people who have done it themselves. I speak from personal, day-to-day experience when I say, MLM works if you have the set of skills that it takes to succeed, but MLM does not work for everyone because very very very few people know what those skills actually are. Multi-level marketing is working for me right now. Understand, I'm not talking about having to be 7'5" to be able to play in the NBA. No, I mean ANYBODY can be given the communication tools to succeed in this business, but most people are never given those tools! Bnp, is there maybe a chance that you weren't given the proper tools for success? Or is it just that the whole multi-billion dollar industry is ripping off the entire world and nobody seems to be doing anything about it?
Please answer my questions concerning the companies you worked for. I think everyone here would appreciate being informed of the pyramid schemes masking themselves as MLMs so that they too don't get scammed like you did.
-Wesley
PS. Ericesquire, the company isn't supposed to "deliver" for you. You are supposed to deliver for the company, and they are supposed to compensate you, financially, for bringing profits to them (hence, delivering). The amount of effort you invest determines the amount sales you make and therefore the amount of money you make(assuming your efforts are directed in an efficient and productive manner). How was your experience in network marketing a failure? I mean, what part of the business did you find so difficult, what part were you unable to successfully complete, that led to your failure? Tell me specifically. Did you have trouble locating prospects? Were people not interested in your products? Did you experience difficulty explaining the business to them? Lets let up on the trash talk for just a few posts so you can try to pinpoint it for me. Would you do that?
Thanks
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12-10-2003, 03:15 AM
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#9 (permalink)
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Senior Member
Location: Barrie, Ontario (north of T.O.)
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So you're saying....
So I really can make $500,000 a week without leaving my house???
Cool! 
__________________
Matt Dean
MCSA: Security, MCDST, MCTS:ISA 2006, MCITP:EST, MCTS:WVC, MCP
President and Chief Executive Officer
StudyMetrics Inc.
6133-530 Adelaide Street West
Toronto, ON M5V 2K7
I am a moderator on YoungEntrepreneur. Please feel free to PM me if you require assistance.
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12-10-2003, 02:11 PM
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#10 (permalink)
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Senior Members
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thank you
thank you modestm for educating these people about our industry of MLM. it's people like that who give our industry a bad name. unfortunate but true.
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12-10-2003, 02:14 PM
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#11 (permalink)
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Senior Members
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yes u can
matt dean..
yes you can make $500,000 a week. in fact, dexter yeager makes more than that in one week and he doesn't even work the business anymore!!. long live MLM!
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12-10-2003, 07:20 PM
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#12 (permalink)
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YE Veteran
Location: On the road to fame and fortune ... wanna car pool?
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I have met Dexter and Birdie Yeager, and several of Dexter's top Diamonds, and they all are wonderful caring individuals. They are smart, intuitive, and professional. Both Dexter and his wife would help anyone, and not expect a thank you. They are kind and generous people.
He started selling door to door, before he developed his huge organization. He has the personality, knowledge, and the foresight that is needed to create a huge organization. But read his life story, it took him years to develop what he has now. It was not an overnight success, it was a slow painful process. The Yeager's went through times that were terrible, with no money, when they had almost given up hope.
Anyone else in the same position would have quit and walked away. The Yeager's have the personality that never says die. But they also did not expect over night success. They expected hard work, ridicule, frustrations and disappointment. But they struggled on and concurred.
BUT, they could not have done it alone. They started at the bottom and worked their way to the top. The momentum of the people that joined their organization is what created the organization. It could not have been done with one or two people.
Most MLM's suck people in because the MLM appeals to their dreams, their desires and their wishes. However, most people do not have what it takes to complete what they start, and others do not have the personality or knowledge that is needed to do what the Yeager's have done.
The system that the Yeager's have developed is a brilliant business system. One that could (and should) be in place in any company / organization. But even with a business system, the people make or break it in the end. It all depends on what kind of a person they are.
Most MLM's are scam's that only benefit the person who started it. Others are not scam's, but they are far and few in between. But scam or not, most people do not have what it takes to make it big. So even with the correct system in place, the proper support network, the correct paths, if a person doesn't have what it takes, then it doesn't matter. They still won't make it.
My point? Why bother with a MLM at all? Develop the system, the support, the network, apply it to your own business, and take the world by storm. A successful system, and a successful support network, coupled by the right people is all that is needed to make or break the bank.
Best wishes,
Karen
__________________
Activate Abundance - Reprogram Your Subconscious Mind For Success
Be The Change You Want To See In The World
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