MLM? I am miles away from MLM now. Some years back, thought it would be a good investment, but learnt my lessons the hard way after spending thousands on products which couldnt move. I use them as sun block to block the sun light from shining into my bedroom now for my usana range. Then I ventured into another brand, spent hundreds and cant get it going well. Then the third... no promising fruit at all for me. Perhaps I do not have the genes for it. Perhaps thats me and I cant sell a hope in the air. Hopelessness were my sentiments.
Very long ago, in the mid 90s, I went for a Mary K direct selling talk in the midwestern part of usa. It wasn't called MLM then. The motivator was an evil soul who condemn the male gender in the US society. The lady speaker uplifted the spirit of emotionally beaten housewifes to stand up for their rights, to make their own income and to tell their soulmate they are not dumb wives. I was the only guy in there as I accompanied my gf for the talk. I felt like a bastaard amongst the power hungry middle aged women who shouted for liberation with the new found valley of wealth, and hence freedom. That was my first impression of the power of direct selling. Damm solid, ok! It was a really motivating speech for them to make them shout and yell at the top of their lungs. Even the church I attended (in the same county) was a hundred times more mellow than the atmosphere in that dark room. I sat motionless, appalled and unwilling to clap my hands whenever they rejoiced jumping. It was a religion which I could not be a part of; a cult so I believe.
Well, I am sure direct selling, times share, MLM and whatever fancy names out there are legitimate ways of doing business in the eye of the law maker. To be fair, it is pure hardwork to see good results. My hats off to them if they can keep their focus and satisfiedin this profession.
It takes a lot of courage to be bold and carry the brand and also it takes a good motivator as a pillar for support. All too often, when a key mentor collapsed due to illness, greed or migrated interest, the downline soften up into pulp. It takes a good downline to bend forward and pick up the chain of misery, rekindle the flame that used to burn so well in the belly and pull everyone in the team back. But it does not turn around usually and hence out come the sheep who lost thousands of hard earned cash from a promised land.
Seriously, I wish good luck for all in this trade. I am sure it is a good choice and it spells freedom to stay rich. But it really calls for commitment and like our dear leaders often quip, "no free lunch for you in Singapore."
Cheers and peace
sometime i wonder if mlm is really doing so well then how come their products are not selling on retails outlet? and unlike insurance they are actually advertising and sponsoring on some advertisment as i am sure everybody can see for themselves... however i dun see any mlm doing advertising and sponsoring...
maybe if they can try advertising and sponsoring perhaps they might be able to break into the market one day... anyway that my thought for it...
instead of MLM , i rather do wedding photography ... rather spend on a good camera, lens and flash.
-) You pay a premium each year/month
-) In event of accident or death you get insurance payback.
-) For insurance savings plans, you get returns on your premium plus coverage
-) You have to persuade person 1 to buy your product and after that become a direct distributor under your group. You have to persuade as many persons as possible to earn their commission. Then you train them to persuade people on their own to form a network and you earn from this growing network.
-) The products in MLM even Amway are not that fanastic in my opinon. When I was in Malaysia, a friend did a sales pitch to me and showed me many products that the Malaysians felt were so wonderous... The problem is in Singapore, I can get at Cold Storage, these so called wonderous only exculsive to Amway products,
My personal opinon, MLM might work in Malaysia or USA where the country is big and distribution chains are not so good. People join and buy for the convinence of having them delivered to their homes. In Singapore where we can just walk to the nearest supermarket, MLM don't seem applicable.
Some MLM products work while some dun. Lamp Berger was MLM product and now they have evolve into shops. How I know, my wife is a nut for MLM's certain products and it works. When it doesn't work, it is immoral and when someone is selling stuff that does now work, ethics becomes an issue. Actually, it applies to all trade. When a salesman sells something that does not work whether in shop or under MLM's method, it sux big time.
Advertisements are expensive. By cutting the advertisement fees, cost is reduced and is not passed on to consumers. Everybody in the line can get a better share. Rental of shop space is a killing factor for a lot of products. Hence, by reducing overheads, cost is reduced again. You also dun pay for idling staff like some shops. You only pay to staff who gets the work done which is u. Certain pp buy things or svs thru word of mouth. Thus, it would work very well for this group of pp.
I am not involve in MLM but i do have a few friends who tries to sell their stuff to me.
I would like to STRESS that INSURANCE is NOT MLM.
insurance is the protection against unforseenable events/circumstance, while MLM is a form of marketing concept.
for me, i doesnt really discriminate mlm companies, rather i hate those ppls doing the sales. I been cheated by a friend to come out for a chat. In the end, the meeting place is near his mlm company. Pulling me to his workplace to hear all kind of rubbishs. Earn big $$ n drive big car. Kaoz. Till this day, i never met this friend again.
shrewd right... ? of cos.. they called it " business " .
and they will called up frens, relatives... who long time no see... suddenly meet up and very friendly. I find this WERID.
Last edited by raincool2005; 20th January 2007 at 11:44 AM.
Both of you misunderstood, MLM is a marketing concept, and insurance is a product.
Insurance uses the MLM marketing concept in using direct selling and then commissions up the line. Their product is insurance policies.
An MLM company can use the same concept of direct selling and commissoins up the line. THeir product can be tupperware, can be health products, magentic plasters etc.
And by the way, there are MANY scam reporting sites writing about Amway and how good/bad it really is.
They are so defensive abt insurance. Maybe they are insurance agents themselves . I am not sure whether property agents follows the same rule but when i was a forex and commodities trader, they follow the same rule. My boss overrides me and I overrides my traders for every lot traded. Not sure whether the same rule is applied nowadays. It has been years ......
Let's look at things in a systematic manner:
Governed by MAS - Insurance
NOT governed by any particular body - Most MLM (though by right, health-related consumables must go through HSA for approval)
Legal - Insurance (which does run on a legitimate MLM system), plus most MLM's
Not Legal - MLM's that go solely on recruitment drives
Illegal - Pyramid scams
Just to clarify - Network Marketing, Multilayer Marketing are one and the same, generally. Only Pyramid Marketing is the outright illegal version.
Like Vince123123 said, it's important to see the lines clearly instead of blurring them. Food for thought:
1. Marketing System
How to differentiate between Pyramid and Multilayer/Network Marketing? The former does not require actual transacted sales to earn money, the latter needs it to be present.
Another clarification point why people in insurance lines are not allowed in legal terms to take part in NM/MLM is because there will be a major conflict of interest between selling a product for life (insurance) and trying to further capitalizing on other goods that may or may not be benefitting the client (MLM). But take note, even within the insurance line, there's segregation between life and general insurance, so when one lays a claim, please make life easier for other readers instead of confusing them.
Last edited by eikin; 20th January 2007 at 01:22 PM.
To answer the second question, you can try to take the company's liability insurance into account. If they don't have such a policy in place, you're essentially hosed.
Last edited by sehsuan; 20th January 2007 at 01:26 PM.
To me MLM is just a farce.... you earn by the commission from your down line and it doesnt matter how good the product is or in the first place anyone want to use it or not.... its just make more members make more members equals more cash.