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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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Re: Why MLMs Never Release Their Financial Statements
Originally Posted by
Unsaved Trash
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?
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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
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Re: Why MLMs Never Release Their Financial Statements
Originally Posted by
iamwil
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.
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Re: Why MLMs Never Release Their Financial Statements
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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
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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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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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Re: Why MLMs Never Release Their Financial Statements
Last edited by littleroundman; 11-27-2015 at 12:19 AM.
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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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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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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
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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?
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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.
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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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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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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
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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
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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
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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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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.
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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
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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!
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Re: Why MLMs Never Release Their Financial Statements
Originally Posted by
Soapboxmom
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.
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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"
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