Hi all! I'm just wondering if any of you who live in Mexico are involved in multi-level marketing. There are so many different companies in Canada and the US right now, and so many people are involved now as a second income. Which ones are the most popular?
Stay away from multi level marketing of any kind. The only people who make money there are the ones who started it. Everyone else has to work like dogs to make any money to support the founders of the business.
Have to agree with Gabesz. MLM is all about paying a fee so you can persuade people to pay to join something so that they can then persuade other people to join etc etc. It's not really a sustainable model because eventually it will run out of people. The commission structures are such that those at the top of the pyramid scheme are the real ones that benefit. Instead why dont you look at more sustainable models of running a business from home. There are plenty of things you can do with an Internet connection and some dedication. The Times: "The Government investigation claims to have revealed that just 10 per cent of Amway's agents in Britain make any profit, with less than one in ten selling a single item of the group's products." Scheibeler, a high level "Emerald" Amway member: "UK Justice Norris found in 2008 that out of an IBO [Independent Business Owners] population of 33,000, 'only about 90 made sufficient incomes to cover the costs of actively building their business.' That's a 99.7 percent loss rate for investors." Newsweek: based on Mona Vie's own 2007 income disclosure statement "fewer than 1 percent qualified for commissions and of those, only 10 percent made more than $100 a week." Business Students Focus on Ethics: "In the USA, the average annual income from MLM for 90% MLM members is no more than US $5,000, which is far from being a sufficient means of making a living (San Lian Life Weekly 1998)" USA Today: "While earning potential varies by company and sales ability, DSA says the median annual income for those in direct sales is $2,400. News story links can be found at: http://en.wikipedia.org/wiki/Multi-level_marketing
I respect your opinions, but not everyone thinks like that, and people are making money in multi level marketing. Here are some of the pros: Multi-level marketing offers a great opportunity. It allows participants to create a significant income by marketing and selling a product. Anyone with a knack for sales or a strong enough Desire to develop quality marketing techniques can use multi-level marketing (MLM) programs as a way to produce enviable revenue without being forced to design, create and introduce a new product. This fantastic opportunity, however, is only half of MLM's beauty. In addition to prospering from the sales participants create on their own, multi-level marketers can also create a downline of other sellers. The marketer receives a portion of the revenue produced by the sellers in his or her downline. Thus, MLM allows one to profit their own sales while simultaneously generating a passive revenue stream based on the marketing successes of the downline. This two-pronged approach to income creation makes MLM programs uniquely attractive when compared to many traditional alternatives. However, there are other reasons to embrace the MLM model, particularly with respect to online MLM ventures. MLM provides an equal opportunity to everyone. Whether you are already a talented sales professional or a work-at-home parent, looking for a new way to raise funds, MLM is accessible to you. It doesn't matter where you live, for instance. MLM online provides equal opportunity for those in the most bustling cities and those in the most isolated rural areas. Additionally, MLM programs don't suffer from the biases of the "real world." An online MLM participant can succeed regardless of appearance, gender, race or religious background. MLM truly is a level playing field. Additionally, MLM can be a flexible way of earning an extra income. There is no time clock; your hours are set at your own discretion. You can make your MLM participation your primary income source or you can treat it as a part-time endeavor aimed at earning that "little extra" you always seem to need at the end of the month. Multi-level marketing puts you in charge of your own business. The restrictive rules that so often govern the everyday workplace are replaced with a true freedom to pursue your goals in the manner you think best. Considering the numerous benefits of MLM programs, it's no surprise that MLM is extremely popular. Thousands earn their living in the multi-level marketing industry selling products and recruiting powerful downlines that earn them incredible levels of passive income
Well, I dont want to sound too harsh but you need to be able to spot a sales pitch from an objective viewpoint. Unlike the quotes from neutral sources I posted above, the article you quoted is from an affiliate marketer who has written his pitch and distributed it as far across the web as he can throw it Google link. Here is the original article by Joseph Then. You'll see that on his website that is linked from his article he sells 'leads' via paypal. 100 leads for $140 i.e $1.40 each. And if you look at Joseph Then's profile you'll also see he also promotes Ipads, mortgage refinancing, cold sore remedies, house flipping, car insurance, kids books, left handed guitars, protein bars, ab workouts, how to get your girlfriend back and dog collars amongst a gazillion other things. He's what we call a 'bum marketer' certainly no MLM guru so dont believe anything he writes..... he has a personal interest in all of them. These leads are not his leads at all, he is simply paid a commission for any sales he makes. Consider that the company who own the leads pay Joseph say 25% commission for each sale, then each leads net worth at this stage is $1.05. Then subtract the cost of acquisition of the leads e.g. advertising, maintaining a website etc and their worth comes down even more probably to around the 75 cent per lead level - and thats just to break even. They must be worth even less than this in real terms because if they werent then surely the company would keep the leads themselves instead of selling them? So lets say each lead is actually worth 50 cents lifetime. What that means is for every 20 people you have in your downline you'll make about $10. If you want to make $20,000 a year (which still isnt a great wage) from your downline you'll need 40,000 people under you. If you want to make a very good wage, say $200,000 you'll need 400,000 people under you. What it also means is if you spend $140 on 100 leads you're actually getting something worth $50. This is why the guys at the top get rich and those not at the top dont and why you should believe sources such as Newsweek: and not people like Joseph Then. I should apologise for the rant, nothing personal. I love to analyse online business models, especially those of affiliate marketers since I am one myself - although I like to think I have a few more morals than our friend Joseph.
Hmmm, perhaps you should analyse the one I'm involved in then LOL.... I think that there are good ones and bad, and you need to make sure you know what it is you're getting into. And besides, most people who get involved in multi level marketing don't actually make it their main income.
I'd love to I agree, but I think it's because they cant rather than because they dont want to. If you're doing well then good for you, just be careful and dont believe all that is promised is all I'm saying .... in a long winded round about way.
Luckie: You have been fed information by someone trying to convince you to get involved in a MLM scheme? It sounds like that to me since you are quoting off the same ideas that is constantly given to new potential marketers. Please understand that you can indeed join this scheme however you personally will not make enough money to support yourself no matter what anyone tells you. The guy or guys who started the entire idea in the beginning of the selling of whatever you are being offered to sell are the only people who really make money on the entire scheme. All others with the exception of maybe the first two or three people they convinced to get involved in the scheme may make money as well. The rest of the people selling whatever product you wish to name make nothing to live off from, unless you live under a rock and do not need to eat and wear clothing. Hate to say but this is the reality of MLM and everyone who tells you otherwise is trying to free you from your money and time.
Sorry gabesz, but I disagree with you. Some people can't be swayed from their opinion of all mlm being a 'pyramid scheme'. That's fine with me, I'm not here to change people's minds. I just wanted to know how many were in involved and which company they chose. I didn't want to start the mlm war LOL!!! Steve: the company is called OrGano Gold www.biggunzfitness.organogold.com Let me know how bad it is LOL. Maybe you would like to join us when we open Mexico in the next few weeks!! Happy thanksgiving! (I know you're not all Canadian, but I'll share the holiday LOL)
Luckie, I think what Steve has pointed out is that this type of activity is about little more than making money. You have a product of value to offer in your abilities as a personal trainer. With that you can offer real value to people, and not run the risk of becoming yet another person selling nothing but a dream to people who cannot tell the difference. American culture does not mandate a moral approach to the making of money, and the society has suffered, repeatedly, because of that. Why export that to Mexico, in any form? Individually, we can adopt a higher standard, and we should, for the sake of all.
