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Author Topic: is MLM moraly evil, neutral or good?  (Read 224 times)

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Offline andy

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is MLM moraly evil, neutral or good?
« on: July 25, 2020, 12:53:16 AM »
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  • Hi,

    I always wondered if MLM sales (https://en.wikipedia.org/wiki/Multi-level_marketing) in itself are bad? If so, why? Otherwise, why not? 

    The reason I am asking is because I watched some salesman failing to truly separate their lives from the job. In a way it is almost a cult. Or perhaps, nothing is here to see. Any ideas?

    Andy


    Offline Yeti

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    Re: is MLM moraly evil, neutral or good?
    « Reply #1 on: July 25, 2020, 09:23:52 AM »
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  • It's just a job like any other.


    Offline Matthew

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    Re: is MLM moraly evil, neutral or good?
    « Reply #2 on: July 25, 2020, 02:03:02 PM »
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  • I agree, if you give yourself to the cause too deeply, it can be like a cult. All your hope for the future rests in getting enough "downline", growing your network, and making money.

    It's about the worst job ever when it comes to work-life balance. How do you punch out for the day? You don't. If someone e-mails/texts/calls, you have to process it then-and-there because you gotta grow your network. It's the only way to make money.

    Google the TRUE statistics for MLM, not what the companies tell you. The fact is that a huge percentage of MLM participants -- something like 90% -- make less than $100/month. It's truly a fool's game.

    I used to watch some videos talking about recent popular MLM companies, and I learned a lot. Very eye-opening.

    A few precious pearls of wisdom I acquired about MLM, which I firmly believe:

    1. Most people make little or nothing
    2. MLM companies manipulate you in various ways
    3. Joining a MLM does NOT make you a "Boss Babe" like their propaganda says. You're working in sales/marketing for THEIR company.
    4. If you want to put in long weeks to build up a business, start a unique business of your own. Pick ANYTHING. Your chances of success will be exponentially higher than a MLM, where you have tons of competition: tens of thousands of people EXACTLY LIKE YOU. How are you supposed to out-compete them? You all have the same product, the same resources, the same time, the same talent. There is literally no way to surpass your competition.
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    Offline Matthew

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    Re: is MLM moraly evil, neutral or good?
    « Reply #3 on: July 25, 2020, 02:11:46 PM »
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  • Remember: if it sounds too good to be true, IT PROBABLY IS. Ask yourself: if this were so awesome, so easy, then why do the vast majority of men reject this as a path to ease and riches?

    If you are led to conclude
    "Because only I have an open mind", "They're all close-minded fools", "Everyone but me is stupid"
    then you are stupid and naive. No, you're not the only smart one on earth.

    https://www.thebalancesmb.com/the-likelihood-of-mlm-success-1794500

    Making Money in an MLM
    Can you really make money in an MLM? The short answer is yes, but in reality, only a tiny percentage of representatives actually realize the high earnings advertised in MLM promotional materials and at meetings. Some people don't make any money at all, and some people actually lose money.

    The AARP Foundation found that only about 25% of those it surveyed made a profit with MLM, 27% broke even, and about half of them lost money. Of the quarter that made a profit:

    14% made less than $5,000
    6% made between $5,000 and $9,999
    3% made between $10,000 and $24,999
    3% made $25,000 or more
    .05% made $100,000 or more
    The AARP Foundation found that 52% of MLM participants said the company’s representation of achieving financial success was “not too accurate” or “not at all accurate," while 43% said that it was "fairly accurate" or "very accurate."

    Taylor came up with a more bleak conclusion from his research: "On average, one in 545 is likely to have profited after subtracting expenses, and 997 out of 1,000 individuals involved with an MLM lose money (not including time invested)."
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