MLMs' Income Promises Are All Smoke And Mirrors
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Robert FitzPatrick: "Deceptive Income Disclosures Power MLM Recruiting And Expansion"
Summary:
* The income proposition for Herbalife and other multi-level marketing companies is the engine that drives the business. It is presented as real by major authorities, for pay, and without evidence.
* In reality, Herbalife and other MLMs offer zero opportunity. Loss rates among new recruits are, effectively, 100%. The MLM income promise is part of a monumental deception.
* HLF engages in deception in the promotion of its income proposition on such a scale, and in so many ways, the FTC has abundant regulatory means to cripple its recruiting.
* The primary tool of deception used by Herbalife, Nu Skin and other MLMs is the "income disclosure statement."
* Eight measures are used in MLM disclosures to present a false picture of "income opportunity" and to conceal the reality of zero chance for new recruits to make a profit.
full article....
Deceptive Income Disclosures Power MLM Recruiting And Expansion
or on Seeking Alpha for an entertaining Comments section...
MLMs' Income Promises Are All Smoke And Mirrors
Re: MLMs' Income Promises Are All Smoke And Mirrors
Quote:
Originally Posted by
Doc Bunkum
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Robert FitzPatrick: "Deceptive Income Disclosures Power MLM Recruiting And Expansion"
Summary:
* The income proposition for Herbalife and other multi-level marketing companies is the engine that drives the business. It is presented as real by major authorities, for pay, and without evidence.
* In reality, Herbalife and other MLMs offer zero opportunity. Loss rates among new recruits are, effectively, 100%. The MLM income promise is part of a monumental deception.
* HLF engages in deception in the promotion of its income proposition on such a scale, and in so many ways, the FTC has abundant regulatory means to cripple its recruiting.
* The primary tool of deception used by Herbalife, Nu Skin and other MLMs is the "income disclosure statement."
* Eight measures are used in MLM disclosures to present a false picture of "income opportunity" and to conceal the reality of zero chance for new recruits to make a profit.
full article....
Deceptive Income Disclosures Power MLM Recruiting And Expansion
or on Seeking Alpha for an entertaining Comments section...
MLMs' Income Promises Are All Smoke And Mirrors
Great article by Mr. Fitz.
What's funny is watching the MLM shills claim that Herbalife has actual retail customers and in the same breath, claiming that 73% of Herbalife distributors are actually customers who registered for a product discount. Can't have it both ways can you?
