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by sundaymorningstaple » Wed, 09 Mar 2005 11:47 am
rainbow gal & Strong Eagle
Interesting discussion you are having.
Strong Eagle, I've been in your camp for over 40 years as an anti-MLM fanatic (when Amway started - they sure proved me wrong!)
rainbow gal, not wanting to rain on your parade, but unless you can at least openly & honestly admit as to whether you have at least made back your investment, you cannot gain any credibility in this discussion. It just makes you look foolish and appear to be spouting the MLM company standard hyperbole that is taught to answer the sceptics.
jpatokal
MLM's, per se, aren't illegal in Singapore, only those with Pyramid scheme methods of doing business are. I downloaded those documents about 6 months ago while doing 'due diligence' on an MLM company that was being hyped to me. While being very anti-MLM in the end I did succumb and joined only because it was something that I was already buying and using as does almost 98% of all residents in Singapore.
Strong Eagle & rainbow girl
The company I have aligned myself with has no front end loading and one can get into the product line without being an Associate/Affiliate or whatever one wants to call them. In other words a customer only. No inventory is purchased upfront, sales kit's are free, and the product is usable by anybody. For those in the business, they only get commissions from the products they sell (when signing up new agents there are no commissions paid on the signup costs) only on the subsequent products being sold which are delivered directly by the parent company hence no inventory being kept other than what being purchased by the agent for their own usage.
All of this said, I still haven't made a cent in commission after 6 months. Why? Probably my own fault as I am not a natural born salesman coupled with the bad press that, admittedly, the majority of MLM's have. I have, however, recovered all my original costs in savings using my own products other that the products I was previously using. I continue to use the product due to the savings & quality. My advice is 'buyer beware' when it come to MLM's (even the legal ones). All MLM's depend on the 80/20 rule (80% never make back their investment) while 20% make a very handsome profit. This will only come from very hard work. There is no easy ride even in the network marketing arena and rarely are there quick riches. The product I promote is not designed to make you rich overnight like most claim. It could give you a second income stream and a nice residual income stream as long as you put the time & effort required.
As a final note, there is a Network Marketing course offered at the University of Chicago because it is now recognized as a legitimate business model.
sms
NB: A traditional Brick & Mortar company is also a pyramid in-so-much as it's the CEO or MD who make all the money then the VP's, next come all the Managers, and finally the lowest income earners, the working stiffs who produce the product and never get rich. Same thing is it not? And every one of the Working Stiffs, if the work hard enough and smart enough can eventually climb out of their pit.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers