You obviously have not read the article at the link I posted. MLM is a terrible business. The concept stinks. MLM screws people and that is why MLM's are illegal all over the world. Only the people who start the thing make any real money. From the article:tingshen wrote:MLM itself is not a bad business at all. the concept is great and it really works.
Singapore bans MLM's if they use certain business practices (which almost all of them do). You speak as though you can separate MLM from a pyramid scheme. The fact is you cannot, so long as a new "distributor" has to buy in, and the person who recruited the new "distributor" gets a payoff. This is the essence of most MLM's and it is no different than a chain letter selling "reports". The people on the bottom end always get screwed.sydneymak wrote:As I know of, few coutries ban MLM, but more than 100 over countries including Singapore and Malaysia are open to MLM.
I read with interest the concerns raised here. I agree with syndeymak. I am a MLM consumer myself. It's a new way to retail shopping, only difference is I get a discount, and some companies also offers refunds should the product deem unsuitable. So let me ask, how many retailing avenues out there offers such a practice?sydneymak wrote:I did a bit of study in it. I have the basic knowledge to differentiate pyramid scheme and MLM. you know, sometimes we can't avoid to buy certain products which distributed thru MLM channel. it is illegal in singapore if we get involved in pyramid scheme, no matter as a seller or a buyer. I don't want to be sent to jail. So it is important for me to know that i'm buying something thru legal channel. Recruiting part wise, i am not sure if i will agree with you. In order to enjoy discount as a consumer, it is the government rule that all the consumer need to register ourselves with those MLM company. in that case, do you consider that we are being recruited?
Standing from a consumer point of view, as long as I can buy things at cheaper rate, i don't mind. After all, buying from retail shop or shopping centre is about the same. Sometime even worse coz no discount no matter how many time i buy from them.
Barney wrote:I read with interest the concerns raised here. I agree with syndeymak. I am a MLM consumer myself. It's a new way to retail shopping, only difference is I get a discount, and some companies also offers refunds should the product deem unsuitable. So let me ask, how many retailing avenues out there offers such a practice?sydneymak wrote:I did a bit of study in it. I have the basic knowledge to differentiate pyramid scheme and MLM. you know, sometimes we can't avoid to buy certain products which distributed thru MLM channel. it is illegal in singapore if we get involved in pyramid scheme, no matter as a seller or a buyer. I don't want to be sent to jail. So it is important for me to know that i'm buying something thru legal channel. Recruiting part wise, i am not sure if i will agree with you. In order to enjoy discount as a consumer, it is the government rule that all the consumer need to register ourselves with those MLM company. in that case, do you consider that we are being recruited?
Standing from a consumer point of view, as long as I can buy things at cheaper rate, i don't mind. After all, buying from retail shop or shopping centre is about the same. Sometime even worse coz no discount no matter how many time i buy from them.
My stance is if you are using it for your own consumption, then it would not have much conflict, unless you use it as a business revenue, then you would have to ask where your business ethics could go. How you will deem to approach your downline. Whether you intend to use it as a long term business or a hit-and-run affair. The ball is in your court.
Is the main job of your agents to recruit more agents? Are your agents paid commission when they recruit a new agent? Do new agents joining your company have to buy $1,000,000 worth of insurance policies up front ?tingshen wrote:By the way, I'm in insurance industry, are you? If you're not in the insurance industry, you have no right to comment. If you're, please show us some proof to say insurance is not multi-level and not similar to pyramid.
district manager leads a few unit managers, unit managers lead a few agents each. They override each other to certain percentage. this is not multi-level or pyramid like, then what is this?
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