My Thoughts On Bad Businesses
September 9, 2008 10:15pm CST
My discussion is on IBO's or what we call MLM's. You might have heard of these before such as people claiming you can make over $125,000 or even close to a million dollars doing such business associating on the internet or recruiting people to buy various products that involve health products or cosmetics for women. You hear it all the time on the news, maybe in a mall, a swap meet that you can have financial freedom, have more time with your family, don't have to worry about looking for a full time job or you can make easy money. I have experienced with this type of so called business and to tell you the truth no matter how much time or effort you try to put in this you won't be gaining much money or are you going to have time with your family or maybe even yourself. You might have heard of Quixtar, Amray or any other affiliated businesses such as these. You might have gotten a call from a friend to invite you to these meetings. You hear from a person that does a presentation due to the system and how it works. You are given samples of health products such as energy drinks or even other products for women that involve make up. The key to these type of businesses is a lot of recruiting growing numbers of people. Now for the part in order to start off getting involved with the business, such as Quixtar, you pay about 3 things that total up close to $300. Addition to that, you will find yourself going to a lot of different meetings where people try to motivate new comers or even recommend them to buy these business books such as to become a leader/how to become reach. Most of the time you will find yourself spending more money on these meetings, traveling and even have difficulty selling products. Even if you did have an online mall, taking the word of mouth to step up selling these things. Now if you have ever watched dateline with MSNBC with Chris Hanson there was a dateline news on the coverage on Quixtar. It was not good news at all. The problem with such MLM's or IBO's people get in the rush that they believe in something which can be a false hope. It becomes like a cult or people brainwashed thinking they will achieve financial freedom. I didn't even get into this type of madness. The problem is what trying to shake off these people who kept calling and leaving messages. It felt like in my past history of a Church I used to go to where you were like obligated to go. Well they don't call no more and I'm glad they don't. I realize that us people in life have to do something that can make something an impact not only to ourselves but the people surround us. We realize that easy money doesn't exist, you have to work hard at something, grow in order to achieve where you need to be.
2 people like this
10 Sep 08
I never believe in MLM. I don't trust the MLM guys (I didn't mean to be offensive to you, darkangel079, but I really have to say it) because they tend to lie to get more and more member as their referrals. I knew some people like this, they kept calling me to join Tiens. One of the biggest MLM company in Indonesia. It was all full of lies. It is proven in times that they who promised me wealth, isn't getting any richer than the first time they asked me to join 4 years ago. They failed and they blame themselves because of the failure. I agree with you that there are some kind of brainwashing about financial freedom, that never going to be come true because there no such things as a financial freedom in MLM. You still have to work more to get more referrals, and follow up the lazy ones. Especially in the early years just to make your payment for the registration paid back. I used to laugh at people who asked me to join under their referral, but now I pity them. They didn't know that they can make easier money for free from the internet. LOL. Thank you so much for bringing this matter up, darkangel079, I think this is good for people to learn about the dark side of MLM because so far people are brainwashed with only the good side. I hope some MLM guys see this and able to get the point so they would leave the job with no future like that
10 Sep 08
It is true.. but at least making money online sounds more realistic for me, because it is stated from the start that it won't make you rich, but it would help you earn some extra cash. It is more honest than giving you some pipe dreams about getting rich by having more referrals. Not only MLM, I also don't believe in sites that ask you for the registration fee. Because it is also give you too much hope that you can earn thousands of dollars every month, which is a little bit nonsense. And I believe you are realistic enough not to fall to some kind of promises without any future ahead LOL
• United States
10 Sep 08
Hi Darkangel I agree these get rich scheme is not really true. I learned quickly that you always have to work for you money and i rather do it the old fashion way. Buy something real like a business and earn the money. My cousin, recently purchased her fast food business and it is doing so well. It is almost amazing at how well she is doing. so I would never trust MLM or anybody telling me that I can get rich by reading books and attending conferences. I am not even good at promoting products to sell, so I would fail immediately.