Thread: Send Out Cards - 2010 Income disclosure statement

Hmmnn,

95.29% of members are at the "distributor" level

92.26% of "distributors" are considered to be "active"

The average GROSS(before expenses) earnings of that 95.29% of ALL members is $335.10 per YEAR.

Sounds like your average, run-of-the-mill MLM to me.

Sounds a bit like Herbalife spiel to me or

Get the scam going off line and then it will burgeon online. Andy Bowdoin at work again?

I am not sure where or what company you got this from, but some of the stats are a bit bizarre. Notice the discrepancy between average and median income indicating that the curve is horribly skewed. Also why would it take an average of about 11 months to make manager, but only 4 months to make senior manager? How much does it cost to buy the senior manager position? LOL, they need to modify their disclaimer to say, " While these results are crappy, yours are guaranteed to be worse, because we've already roped in all the suckers...errr customers in your area..."!

Originally Posted by laidback

I am not sure where or what company you got this from,

Why, from SendOutCards itself.

What you see is a screenshot taken from: https://www.sendoutcards.com/images/pdf/income_disclosure.pdf

andhttps://www.sendoutcards.com/incomedisclosure/

Originally Posted by laidback

I am not sure where or what company you got this from, but some of the stats are a bit bizarre. Notice the discrepancy between average and median income indicating that the curve is horribly skewed. Also why would it take an average of about 11 months to make manager, but only 4 months to make senior manager? How much does it cost to buy the senior manager position? LOL, they need to modify their disclaimer to say, " While these results are crappy, yours are guaranteed to be worse, because we've already roped in all the suckers...errr customers in your area..."!

Of the few that make money, you can be sure a good number of them are MLM [rhymes with fours] that drag a large downline of unsuspecting sheep with them from one to the next. The big money is often in the early sign-up fees and autoshit enrollments etc. This 98% loss rate is completely typical. At my house we call it the Trickle Up Theory of Economics. All of the money trickles up to the top of the pyramid and all the honest hard working little people on the bottom just get screwed!

Soapboxmom

As for the old often used rationalization "lots of people do it to make a few extra dollars"

How about this little gem from the same report:



Get that ??

The average income for ALL distributors in SendOutCards for 2010 was $478.75 A YEAR