what are your opinions of MLM companies and which would you recommended?
Public Comments
- Avoid. I have attended and listened to just about everyone's major MLM pitch since the 1980's. My view is that they are all hyped misinformation schemes making people think that can make all this money with little money in and no work. They try to get you to just network family and friends who don't want to be in on the MLM anyway. The people who make the money are those who started it. A few and I mean a handful of success occurs and that is the sell point, that "you can do it too." If you have 50,000 people try something, someone is going to make money at it. However most of the people will not make money, and most give up. They try and tell you how the products are so great, but the REAL money is signing up more people, and people under them and so on. This is called a pyramid scheme. http://www.sec.gov/answers/pyramid.htm http://en.wikipedia.org/wiki/Pyramid_scheme Now all these companies will tell you that they are not a pyramid-type structure, but as a financial and risk management expert and a BS detector, I have consistency and for over 20 years been able to break apart their weak arguments and demonstrate the true business plan - referral sign ups. The facts are that the majority of people never make it. If it was so successful, and we all could get rich doing it, we would not need to have any other jobs or industries, nor a stock market.
- You may attend their business meeting and understand more without getting involved. Next you may check up more information frm the internet so that you can be well versed in MLM and better understanding of the company which you might be interested. I have done that before I join the company. Please understand that I am not promoting of the company, instead an advise for you. No one can convince you except yourself.
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