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Thread: Why MLMs Never Release Their Financial Statements

  1. #51
    littleroundman is offline Administrator
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    Re: Why MLMs Never Release Their Financial Statements



    90.88% of all US Lyoness Independent Business Representatives received an average annual income of $1759.32

    Beginning January 1, 2013 and ending December 31, 2013, approximately twenty four percent (24%) of all US IBRs received no income at all.

    During this period, the average income of all Members was $112.69 and of all IBRs was $1,088.62.

    The median income of all Members was $0.04 and of all IBRs was $28.00.

    Lyoness US, 2013 Income disclosure statement
    Last edited by littleroundman; 09-29-2014 at 11:42 AM.
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  2. #52
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    Re: Why MLMs Never Release Their Financial Statements

    Quote Originally Posted by Unsaved Trash View Post
    And please don't forget that his business is now "worth in excess of 50K." I'm still waiting on some sort of documentation of that claim. I won't get it though. I've only asked about 50 times.

    Maybe he has $50K worth of inventory in his garage?

  3. #53
    littleroundman is offline Administrator
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    Re: Why MLMs Never Release Their Financial Statements



    Wake Up Now 2013 income disclosure statement

    55% of all Wake Up Now independent business owners earn an average ANNUAL income of 14 cents

    18% of all Wake Up Now independent business owners earn an average ANNUAL income of 39 cents

    7% of all Wake Up Now independent business owners earn an average ANNUAL income of 70 cents

    The only thing necessary for the triumph of evil is for good men to do nothing

  4. #54
    Luzer is offline Senior Member
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    Re: Why MLMs Never Release Their Financial Statements

    Quote Originally Posted by iamwil View Post
    We spend money on advertising....lots of it. We've got infomercials continuously running in the US...even FOXNEWS will take our money. Soon will be running them in Australia...we like television, radio, print and web advertising...it works.
    Seems Iamwil has gone AWOL on scam.com and removed all of his posts from that forum. Members there are speculating as to what happened.

  5. #55
    littleroundman is offline Administrator
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    Re: Why MLMs Never Release Their Financial Statements

    The only thing necessary for the triumph of evil is for good men to do nothing

  6. #56
    littleroundman is offline Administrator
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    Re: Please Introduce Yourself Here

    In its' own words, here is Vemmas' 2012 Income Disclosure Statement



    40.18% of all Vemma affiliates earned an average of $938 PER YEAR

    37.78% of all Vemma affiliates earned an average of $1597 PER YEAR

    Only 2.86% of all Vemma affiliates EARNED AN ANNUAL INCOME OF OVER $30,795

    and that is BEFORE EXPENSES


    The only thing necessary for the triumph of evil is for good men to do nothing

  7. #57
    littleroundman is offline Administrator
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    Re: Why MLMs Never Release Their Financial Statements



    The average monthly GROSS income for Amway "Active IBOs" in the USA was $202

    Amway Business Overview Brochure
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  8. #58
    littleroundman is offline Administrator
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    Re: Why MLMs Never Release Their Financial Statements

    NUSKIN 2012 EARNINGS REPORT



    NuSkin 2012 Earnings Report
    Last edited by littleroundman; 11-27-2015 at 12:18 AM.
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  9. #59
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    Re: Why MLMs Never Release Their Financial Statements

    MANNATECH 2011 INCOME AVERAGES



    Mannatech 2011 US Income Disclosure
    Last edited by littleroundman; 11-27-2015 at 12:19 AM.
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  10. #60
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    Re: Why MLMs Never Release Their Financial Statements

    TEAM BEACHBODY 2012 STATEMENT OF INCOME EARNINGS



    Team Beachbody 2012 statement of income earnings
    Last edited by littleroundman; 11-27-2015 at 12:19 AM.
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  11. #61
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    Re: Why MLMs Never Release Their Financial Statements

    YOR HEALTH 2014 STATEMENT OF INCOME



    Yor Health 2014 statement of income

    94% of all Yor Health Active Independent Representatives will earn a projected average annual income of less than $8500, based on first quarter 2014 figures provided by Yor itself.
    Last edited by littleroundman; 11-27-2015 at 12:20 AM.
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  12. #62
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    Re: Why MLMs Never Release Their Financial Statements



    Empower Network's income disclosure statement

    "The average affiliate spends between $500 and $3,000 in expenses as they build their business. Less than 4% earns sufficient commissions to cover their costs of the Empower Network products"


    SD

    .

  13. #63
    Luzer is offline Senior Member
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    Re: Why MLMs Never Release Their Financial Statements

    MLMs don't release financials unless they are court ordered to do so because the numbers are dismal.

    Iamwil disappeared from the face of the earth and Nopalea got fined for misleading advertising. I wonder how cactus willy is doing these days?

    Maybe working a job again?

  14. #64
    kschang is offline Senior Scambuster
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    Re: Why MLMs Never Release Their Financial Statements

    Any one want to grab the Vemma numbers for this topic? :)

    Now we know why BK merely phrased "2nd year of 200 million"... Because revenues went DOWN in 2014 (from 2013). Half-truth indeed.
    ---
    A MLM Skeptic (not a Cynic) covering scams, critical thinking, and psychology
    http://amlmskeptic.blogspot.com

  15. #65
    littleroundman is offline Administrator
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    Re: Why MLMs Never Release Their Financial Statements

    The latest available Vemma income disclosure statement appears to be this one from 2013:



    40.18% of Vemma affiliates earned an ANNUAL average income of $938

    37.78% of Vemma affiliates earned an ANNUAL average income of $1597

    9.42% of Vemma affiliates earned an ANNUAL average income of $3673

    Then we have the Vemma "ELITE"

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  16. #66
    littleroundman is offline Administrator
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    Re: Why MLMs Never Release Their Financial Statements

    Jeunesse Income Disclosure Statement 2014



    19.61% of distributors with an active downline received an average annual income of zero

    66.05% of distributors with an active downline received an average annual income of $213.92

    10.03% of distributors with an active downline received an average annual income of $2011.03

    Jeunesse Income Disclosure Statement 2014
    Last edited by littleroundman; 11-27-2015 at 11:37 AM.
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  17. #67
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    Re: Why MLMs Never Release Their Financial Statements

    ADVOCARE 2014 INCOME DISCLOSURE STATEMENT



    34.52% of all active distributors earn an annual income of $831

    58.04% of all active distributors earn an annual income of $2190

    0.03% of all active distributors earn an annual income of $1,185,555




    Advocare income disclosure statement 2014
    The only thing necessary for the triumph of evil is for good men to do nothing

  18. #68
    littleroundman is offline Administrator
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    Re: Why MLMs Never Release Their Financial Statements

    TAKE SHAPE FOR LIFE fueled by MEDIFAST 2013 income disclosure statement



    57.78% of active health coaches received an average annual income of $87.45

    17.66% of active health coaches received an average annual income of $324.19

    0.06% of active health coaches received an average annual income of $148,142.50
    The only thing necessary for the triumph of evil is for good men to do nothing

  19. #69
    littleroundman is offline Administrator
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    Re: Why MLMs Never Release Their Financial Statements

    XANGO 2011 DISTRIBUTOR EARNINGS DISCLOSURE STATEMENT (latest publicly available EDS)



    The average monthly Active Distributor earnings for 2011 are $267 or $3,206 annually.

    61.38% of active distributors earned an annual average of $1392

    4.43% of active distributors earned an annual average of $1009

    27.62% of active distributors earned an annual average of $3201
    The only thing necessary for the triumph of evil is for good men to do nothing

  20. #70
    littleroundman is offline Administrator
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    Re: Why MLMs Never Release Their Financial Statements

    IGNITE ENERGY 2013 INCOME DISCLOSURE STATEMENT



    81.93% of paid associates earned an annual average of $117.12

    14.28% of paid associates earned an annual average of $1209.45

    0.23% of paid associates earned an annual average of $93,891.34
    Last edited by littleroundman; 11-27-2015 at 08:18 PM.
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  21. #71
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    Re: Why MLMs Never Release Their Financial Statements

    Awesome finds, LRM. A reminder to our new readers, these figures include the reps that got paid a check. Many never qualify for any payment. These MLMs have catastrophic turnover rates with 50% or more of the reps leaving in their first year. So, the loss rates are much more horrific than these Income Disclosures indicate.

    All MLMs are scams in my opinion and can be labeled many things including product-based pyramid schemes.

  22. #72
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    Re: Why MLMs Never Release Their Financial Statements

    WORLD VENTURES MARKETING 2014 ANNUAL INCOME DISCLOSURE STATEMENT




    19.5% of all Independent Representatives earned a commission or override

    80.85% of all Independent Representatives did not earn

    14.535% of active representatives received annual commission or overrides of $129.50
    The only thing necessary for the triumph of evil is for good men to do nothing

  23. #73
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    Re: Why MLMs Never Release Their Financial Statements

    World Ventures gives us the horrifying reality. Almost 81% didn't get paid a dime. One can see all the money flows up to the top of the pyramid. Trickle up economics!

  24. #74
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    Re: Why MLMs Never Release Their Financial Statements

    Quote Originally Posted by Soapboxmom View Post
    Trickle up economics!
    The income distribution in the real economy doesn't look any more encouraging than the income distribution in the shadow economy. If the real economy looked a little less skewed, the shadows might follow the suit, but not until then. You can't mirror what does not exist in reality.

  25. #75
    littleroundman is offline Administrator
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    Re: Why MLMs Never Release Their Financial Statements

    People in the "real economy" don't "normally"

    * pay to participate in the pay plan

    * get paid for recruiting or, if they do, cannot make the bulk of their income doing so.

    * get offered a "find three and get yours free" bonus or be told it's a sustainable mathematical possibility

    * get told untold riches are to be made by following a "plan"

    * get forced to buy product

    * enroll into an already saturated with employees market

    * have the terms and conditions of their contract altered repeatedly

    Certainly those things happen in the "real economy" but not in the amounts they occur in MLM and most certainly without the hype and outright lies which seem all too common in what passes for "Multi Level Marketing"
    The only thing necessary for the triumph of evil is for good men to do nothing

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