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Thread: Why MLMs Never Release Their Financial Statements

  1. #76
    Fendaril is offline Senior Member
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    Re: Why MLMs Never Release Their Financial Statements

    And one more thing.

    You don't have to get your friends and family to subscribe to autoship for subpar products!

  2. #77
    E2014T is offline Banned
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    Re: Why MLMs Never Release Their Financial Statements

    Quote Originally Posted by Fendaril View Post
    And one more thing.

    You don't have to get your friends and family to subscribe to autoship for subpar products!
    I don't like MLMs any more than you do, but truth is more important than agenda.

    Fact: you don't have to drag your family into MLMs if you don't want to.

    Fact: some MLMs are legal.

    Fact: you can make decent money pimping legal products.

    Fact: you can't make the same money in real economy without years of investment into formal education and training.

    Fact: most people who get involved in online money making don't have the luxury of debating the fine points of law from the warm comfortable dwellings.

  3. #78
    Fendaril is offline Senior Member
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    Re: Why MLMs Never Release Their Financial Statements

    Quote Originally Posted by E2014T View Post
    I don't like MLMs any more than you do, but truth is more important than agenda.

    Fact: you don't have to drag your family into MLMs if you don't want to.

    Fact: some MLMs are legal.

    Fact: you can make decent money pimping legal products.

    Fact: you can't make the same money in real economy without years of investment into formal education and training.

    Fact: most people who get involved in online money making don't have the luxury of debating the fine points of law from the warm comfortable dwellings.
    Fact: You can make the same money in direct sales, with zero startup costs.

  4. #79
    E2014T is offline Banned
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    Re: Why MLMs Never Release Their Financial Statements

    Quote Originally Posted by Fendaril View Post
    Fact: You can make the same money in direct sales, with zero startup costs.
    Not with zero startup costs. Just the proper apparel and accessories will cost you a few thousand dollars. You can't look like crap and make money in direct sales.

  5. #80
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    Re: Why MLMs Never Release Their Financial Statements

    Quote Originally Posted by E2014T View Post
    I don't like MLMs any more than you do, but truth is more important than agenda.

    Fact: you don't have to drag your family into MLMs if you don't want to.

    Fact: some MLMs are legal.

    Fact: you can make decent money pimping legal products.

    Fact: you can't make the same money in real economy without years of investment into formal education and training.

    Fact: most people who get involved in online money making don't have the luxury of debating the fine points of law from the warm comfortable dwellings.
    Most MLMs skate under the radar because law enforcement is underfunded and understaffed. Almost none could pass the Amway ruling for instance. 70% of product retailed and each distributor selling to ten customers (not in the pay plan.) Almost none can even boast that 50% of their sales are to those outside the pyramid pay plan. Some MLMs have as much as 90% of the product going to reps in the pay plan that are on autoship in order to qualify to be in the pay plan. So, almost none are technically legal, but will nonetheless limp along emptying the pockets of their reps as law enforcement will never have the resources to act.

    The loss rates are 97% - 99%+ depending on if one includes the forced sales (autoship) and costs of doing business, so the chances of not losing significant amounts of money in MLM are extremely slim. And, many MLMs require or make it necessary to buy a pricey startup kit and have mandatory sign-up fees and monthly fees. The owners and the few at the top of the pyramid are the only winners in the game.

    The few that make money are making it off of the losses of armies of desperate reps below them that are losing money.

    I worked my way through college. I also had work-study and grants. That is certainly preferable to getting involved in barely legal MLM scams.

  6. #81
    E2014T is offline Banned
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    Re: Why MLMs Never Release Their Financial Statements

    Quote Originally Posted by Soapboxmom View Post
    I worked my way through college.
    So did I. It doesn't change the fact that students in 2015 can pay off tuition by running barely legal (but nonetheless legal) websites. Adult sites are more profitable than MLMs, but require mature thinking few college students possess. MLMs do not.

  7. #82
    E2014T is offline Banned
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    Re: Why MLMs Never Release Their Financial Statements

    Quote Originally Posted by Soapboxmom View Post
    That is certainly preferable to getting involved in barely legal MLM scams.
    That might be your morality. From what I'm seeing, this isn't the morality of the American society in general. More like "let's exploit the poor til they drop dead, there will be more where they came from".

  8. #83
    E2014T is offline Banned
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    Re: Why MLMs Never Release Their Financial Statements

    Would You Join A Multi-Level Marketing Company For Retirement Income?
    Forbes Welcome

  9. #84
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    Re: Why MLMs Never Release Their Financial Statements

    That certainly wasn't the in depth story I expected from Forbes. Finding 3 success stories is easy. If the 1% that do not lose money are interviewed then MLM seems like a very doable success story. What about the 99% who lost money and paid up to these successful recruiters higher in the pyramid?

    Many invest tremendous amounts of time and money on businesses that will never succeed. These MLMs all rely on recruiting. If all the friends and family and whole neighborhood has been approached then the last ones in are simply guaranteed losers. Forbes should have given the actual Income Disclosures for these deals so folks could have gotten the real story. Very disappointing!

  10. #85
    E2014T is offline Banned
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    Re: Why MLMs Never Release Their Financial Statements

    Quote Originally Posted by Soapboxmom View Post
    That certainly wasn't the in depth story I expected from Forbes.
    People are going to be o.k. if they don't go much past direct sales. We can warn them about the rest!

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