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On August 18 2010 02:51 intrudor wrote:
People here are severely uninformed about this issue here, (both on TL and in the general population).
This whole industry is actually great in theory. The only problem is that in practice, it can't work because the general population is not open to it. Meaning; the underlying idea is great. The recruit can make infinitely more money than the recruiter while building a network in order to commercialize a product, or an ever expanding line of products or services. Also, it is based on the power of personal relationships to close a sale. Which, again, sounds great, but only in practice for a variety of reasons. An infinite stream of monthly royalties can result from a few years of hard labor, hence the dream life etc.... (http://www.youtube.com/watch?v=BZDGGuPtakc)
The problem with this whole picture is that the industry has an incredibly bad reputation (undeserved in my opinion, at least the original source of this bad reputation is undeserved). Therefore, this bad reputation about "people losing money" is the very cause and the very reason why most people are actually losing money. Imagine friend A trying to recruit friend B based on some otherwise very legitimate business opportunity which happens to have a bad reputation attached to it. Friend B will tell friend A that this business is bullshit because he heard people were losing money with it. Friend B wont join Friend A's business. Friend A will try with friend C, but the result will be the same. Friend A's business will show net sales of Zero dollars and will eventually quit the business with rage inside him. Afterwards, Friend B and C will ask friend A if he made any money with it. "TOLD you SO" is their answer, mocking him. Acquaintance D who had originally successfully recruited friend A will see that his business is collapsing under him since friend A is quitting the business because he couldnt recruit his friends B and C and therefore is bring in zero money for himself. Friend A is no longer, or never has been, profitable for acquaintance D. Acquaintance D's business is also suffering because Friend E, who had also joined his business some time ago, is also quitting the business since he couldnt recruit his friends F and G since they told him "people were losing money in this business" because they interviewed friend A and his colleagues B and C about their experience.
I used to do this and i didnt make a dime. (i guess you can see why). Out of those who try, 99.7% wont make enough money to justify the time investment. Meaning its a profitable business for 0.3%. Thats 3 out of 1000 reps. Do i get these numbers out of my ass you may ask? No, for a period of about 2 years, i had access to a VP's online reporting tool. These numbers were based on a sample of roughly 20,000 representatives which was the amount of people he had in his network. 60 individuals made money out of 20,000. The dude in question made ~30,000 on a monthly basis at 25 years of age.
Now, for the record. People who claim that;
"If you get in on something new, close to the ground floor, you can make a shitpile of cash off of it, IF you put in some serious time & effort."
or; "The dudes are always the same: They make tons of money, but you never seem to see that in their clothes, home or lifestyle"
don't know what the fuck they're talking about.
Basically, the only way to determine if you will make money with those things are;
1-You need to be an incredible salesman. If you're just an amazing salesman, don't do it. you need more than that, you need to be fucking incredible at convincing people. Both on the phone and face-to-face.
2- you need to dispose of a lot of time (kinda stupid since it so obvious) it serves as a main occupation. most of the time. also you can do it part-time early on, but its still many hours.
3- you need to have the most unshakable patience in the world and be prepared to hear the word pyramid a couple hundred times a day.
If you have these 3 attributes, i honestly suggest you go for it. you'll make loads of cash early in life, and if youre smart enough you won't ever again have to work a day in your life. how young the company is is not an important factor as long as the company is "decent" for a direct selling company. you just gotta be an insane salesman.
i don't know if great is how i'd describe something that pretty much receives condemnation from anyone from a brain. Great isn't what you call something that only a fraction of a percentage make profit, and that's off the backs of the people the scammed.
It's total bullshit.
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@ Empyrean It's because I never bothered changing it to my home country; helps in some argumentation in the General section too (people tend to look down on anyone posting in the different discussions there who don't place USA on their name/s unless they're well known). Also, I know the rep with which these companies have (damn it I majored marketing!!!) so..
I know and fully realize that you either have to be an INSANELY GOOD salesman to eke out a profit from selling products alone, or that you have a network of people who you know know the right people who will buy products. Being a salesperson is nice and all, but blah, I'd rather be sitting down in a BPO than doing it on legwork.
(Damn, do I have to turn this into a "Give me some encouragement to get myself a job blog"... [and holy crap it's nearly 2:30 AM here; was invited to a career day gig later at 9AM X_X])
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On August 18 2010 02:51 intrudor wrote:+ Show Spoiler +
People here are severely uninformed about this issue here, (both on TL and in the general population).
This whole industry is actually great in theory. The only problem is that in practice, it can't work because the general population is not open to it. Meaning; the underlying idea is great. The recruit can make infinitely more money than the recruiter while building a network in order to commercialize a product, or an ever expanding line of products or services. Also, it is based on the power of personal relationships to close a sale. Which, again, sounds great, but only in practice for a variety of reasons. An infinite stream of monthly royalties can result from a few years of hard labor, hence the dream life etc.... (http://www.youtube.com/watch?v=BZDGGuPtakc)
The problem with this whole picture is that the industry has an incredibly bad reputation (undeserved in my opinion, at least the original source of this bad reputation is undeserved). Therefore, this bad reputation about "people losing money" is the very cause and the very reason why most people are actually losing money. Imagine friend A trying to recruit friend B based on some otherwise very legitimate business opportunity which happens to have a bad reputation attached to it. Friend B will tell friend A that this business is bullshit because he heard people were losing money with it. Friend B wont join Friend A's business. Friend A will try with friend C, but the result will be the same. Friend A's business will show net sales of Zero dollars and will eventually quit the business with rage inside him. Afterwards, Friend B and C will ask friend A if he made any money with it. "TOLD you SO" is their answer, mocking him. Acquaintance D who had originally successfully recruited friend A will see that his business is collapsing under him since friend A is quitting the business because he couldnt recruit his friends B and C and therefore is bring in zero money for himself. Friend A is no longer, or never has been, profitable for acquaintance D. Acquaintance D's business is also suffering because Friend E, who had also joined his business some time ago, is also quitting the business since he couldnt recruit his friends F and G since they told him "people were losing money in this business" because they interviewed friend A and his colleagues B and C about their experience.
I used to do this and i didnt make a dime. (i guess you can see why). Out of those who try, 99.7% wont make enough money to justify the time investment. Meaning its a profitable business for 0.3%. Thats 3 out of 1000 reps. Do i get these numbers out of my ass you may ask? No, for a period of about 2 years, i had access to a VP's online reporting tool. These numbers were based on a sample of roughly 20,000 representatives which was the amount of people he had in his network. 60 individuals made money out of 20,000. The dude in question made ~30,000 on a monthly basis at 25 years of age.
Now, for the record. People who claim that;
"If you get in on something new, close to the ground floor, you can make a shitpile of cash off of it, IF you put in some serious time & effort."
or; "The dudes are always the same: They make tons of money, but you never seem to see that in their clothes, home or lifestyle"
don't know what the fuck they're talking about.
Basically, the only way to determine if you will make money with those things are;
1-You need to be an incredible salesman. If you're just an amazing salesman, don't do it. you need more than that, you need to be fucking incredible at convincing people. Both on the phone and face-to-face.
2- you need to dispose of a lot of time (kinda stupid since it so obvious) it serves as a main occupation. most of the time. also you can do it part-time early on, but its still many hours.
3- you need to have the most unshakable patience in the world and be prepared to hear the word pyramid a couple hundred times a day.
If you have these 3 attributes, i honestly suggest you go for it. you'll make loads of cash early in life, and if youre smart enough you won't ever again have to work a day in your life. how young the company is is not an important factor as long as the company is "decent" for a direct selling company. you just gotta be an insane salesman.
I'm sorry but Pyramid schemes are a scam, pure and simple. In any decent country the "successful" people end up in jail where they belong. The general population is not open to it because thankfully most people aren't braindead.
Of course the people trying to sell you on the idea will claim they are super successful. The problem is these people are scam artists, they make money by lying to enough people that eventually you come across people that fall for it.
Don't be one of those people.
A popular scam a few years ago was the "stock market genius". A person would mail out 10,000 letters in one month. Half of the letters would say stock in XXX is going to fall, the other half would say it is going to rise. Once that month is over, the stock in XXX ends up falling. The scam artist crosses the people off the list that he had sent letters to saying the stock would rise.
Month 2. The "genius" sends out another batch, this time 5,000. Half saying stock would rise, half saying stock would fall. Again he crosses out the ones that were wrong.
He keeps continuing this for several months before offering the remaining people that have been send correct information the whole time financial services. Those people fall for it, believing he really is a genius and sign up.
This is not the same as a Pyramid scheme but this is how those people think. When you see one of those "I make $30,000 a month for doing nothing" just think it through, it is just not sustainable. My advice is to just get a real job that deals with something tangible.
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On August 18 2010 03:05 Hawk wrote:
i don't know if great is how i'd describe something that pretty much receives condemnation from anyone from a brain. Great isn't what you call something that only a fraction of a percentage make profit, and that's off the backs of the people the scammed.
It's total bullshit.
actually bullshit is what it is...but only in reality. In theory, if the general population's brains were better adapted to analyze a business based only on its merits, and not based on rumors, this type of business would actually work very well. it would be easier to build a network, less people would drop out, more actual products would be sold etc, more people would make money, the success rate would be higher...etc...
unfortunately, this won't ever happen. (even with the recent crazy reputable endorsements, those business still carry a gigantically bad reputation.)
so OP, my advice to you is; join the business only if you wanna know how good a salesman you really are lol....
you might hit a wall.... just sayin'  GG! Owned.
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On August 18 2010 02:51 intrudor wrote:+ Show Spoiler +
People here are severely uninformed about this issue here, (both on TL and in the general population).
This whole industry is actually great in theory. The only problem is that in practice, it can't work because the general population is not open to it. Meaning; the underlying idea is great. The recruit can make infinitely more money than the recruiter while building a network in order to commercialize a product, or an ever expanding line of products or services. Also, it is based on the power of personal relationships to close a sale. Which, again, sounds great, but only in practice for a variety of reasons. An infinite stream of monthly royalties can result from a few years of hard labor, hence the dream life etc.... (http://www.youtube.com/watch?v=BZDGGuPtakc)
The problem with this whole picture is that the industry has an incredibly bad reputation (undeserved in my opinion, at least the original source of this bad reputation is undeserved). Therefore, this bad reputation about "people losing money" is the very cause and the very reason why most people are actually losing money. Imagine friend A trying to recruit friend B based on some otherwise very legitimate business opportunity which happens to have a bad reputation attached to it. Friend B will tell friend A that this business is bullshit because he heard people were losing money with it. Friend B wont join Friend A's business. Friend A will try with friend C, but the result will be the same. Friend A's business will show net sales of Zero dollars and will eventually quit the business with rage inside him. Afterwards, Friend B and C will ask friend A if he made any money with it. "TOLD you SO" is their answer, mocking him. Acquaintance D who had originally successfully recruited friend A will see that his business is collapsing under him since friend A is quitting the business because he couldnt recruit his friends B and C and therefore is bring in zero money for himself. Friend A is no longer, or never has been, profitable for acquaintance D. Acquaintance D's business is also suffering because Friend E, who had also joined his business some time ago, is also quitting the business since he couldnt recruit his friends F and G since they told him "people were losing money in this business" because they interviewed friend A and his colleagues B and C about their experience.
I used to do this and i didnt make a dime. (i guess you can see why). Out of those who try, 99.7% wont make enough money to justify the time investment. Meaning its a profitable business for 0.3%. Thats 3 out of 1000 reps. Do i get these numbers out of my ass you may ask? No, for a period of about 2 years, i had access to a VP's online reporting tool. These numbers were based on a sample of roughly 20,000 representatives which was the amount of people he had in his network. 60 individuals made money out of 20,000. The dude in question made ~30,000 on a monthly basis at 25 years of age.
Now, for the record. People who claim that;
"If you get in on something new, close to the ground floor, you can make a shitpile of cash off of it, IF you put in some serious time & effort."
or; "The dudes are always the same: They make tons of money, but you never seem to see that in their clothes, home or lifestyle"
don't know what the fuck they're talking about.
Basically, the only way to determine if you will make money with those things are;
1-You need to be an incredible salesman. If you're just an amazing salesman, don't do it. you need more than that, you need to be fucking incredible at convincing people. Both on the phone and face-to-face.
2- you need to dispose of a lot of time (kinda stupid since it so obvious) it serves as a main occupation. most of the time. also you can do it part-time early on, but its still many hours.
3- you need to have the most unshakable patience in the world and be prepared to hear the word pyramid a couple hundred times a day.
If you have these 3 attributes, i honestly suggest you go for it. you'll make loads of cash early in life, and if youre smart enough you won't ever again have to work a day in your life. how young the company is is not an important factor as long as the company is "decent" for a direct selling company. you just gotta be an insane salesman.
OK, I misspoke slightly.
There are two ways to make money in a MLM company. You either work your fucking balls off, and sell an asspile of product(s) to everyone you can, and/or you work your fucking balls off recruiting people to join the company under you, whereby you get a % of their sales, and their recruit's sales, etc.
Unless you can get a huge number of people that are buying product from you (and I mean HUGE, depending on the "scam" sometimes your comission can be as low as 1-5% of gross) you won't make shit all in profit. The "real" money is in the residuals - building a giant fucking network of people working their balls off selling product(s) to everyone they know, and you get 1-5% of THEIR sales.
Of course, as intrudor said, there are VERY few people that make money - and yes, a huge reason for that is that almost everyone universally despises MLM. So not only do you need to build a giant pool of people under you, but you have to help them out, and constantly recruit people to replace the people you lose.
The problem is, you run out of people FAST. Most "successful" MLM people suggest that it takes a fairly constant stream of at LEAST 5 people under you, who have 5 people under them, etc...all selling a "reasonable amount" of product every month.
Imagine for a second San Diego. Current population: 1,359,132 (January 2010)
Lets say you're fucking brilliant, and you're the first person in SD that is in ACN (a telecommunications MLM). Now, lets make an assumption, and we'll say that ACN has a potential market share of 5%. That allows for ~68,000 potential customers in San Diego TOTAL that will sign up to ACN. Now, lets say that the average phone bill is $75 a month (for a landline I think that's high, but hey, lets be generous here). That's $5.1 Million a month in revenue. ACN pays at the top tier a max of 10%. So thats $510,000/month in "profit" available in San Diego, total.
Now, if you're the only ACN guy in SD AND you've gone through and actually signed up all 68,000 potential customers...GREAT. You're raking in $6M a year. Congratulations.
Except you're not. Because you're not in at the ground floor...you've just joined because your friend in SD convinced you to. And he has a recruiter, and his recruiter might even have a recruiter. And you're obviously not your friend's only recruit, nor are you his recruiter's only recruit.
So now you're target market is getting REALLY fragmented. And a huge number of the 68,000 people there that buy ACN's product have signed up as a reseller too, because they're promised money if they do it. So now, here we stand, 10 years after ACN hit San Diego, and there are 3 customers left for you, and nobody left for you to con into joining under you.
Now, if you are a sales GOD, you MIGHT be able to work your balls off, gain some market share, and make some money for yourself. Mabye. If you REALLY fucking work hard for it.
Or you could be the "lucky" bitch that comes in as the 2nd or 3rd guy in an area, work hard, and make a nice share of that $510,000 pool in SD.
And yeah buddy...tell me that I don't know what the fuck I'm talking about. Please.
But bottom line...unless you're the best of the best, or unless you're almost the best of the best getting in at the beginning, you won't make shit all in relation to the effort required.
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Samalie, you either have a distorted view of reality or you have a distorted way of explaining a simple concept by using examples.
Primo - an MLM company wouldn't focus only on one city or sell only 1 product or service. an MLM company company can have operations in a shitload of countries and offering a shitload of products or services. You describe a 5% potential market share as the upper limit but you took it out of your ass.
Secondo - "Getting in Early" is absolutely not a guarantee of success, and in most case, it will work against you because 1.nobody gives a fuck about new young companies or what they have to offer, and 2. there is zero infrastructure in place, meaning, there are no VP's around to give presentations for your potential recruits. Its better to get into an established company.
Terzo - It all comes down to how good of a salesman you are. period.
not that it matters, because we both agree that MLM sucks...so ...yeah..
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Heck, now WHAT? I still need some advice for getting a stable job as it is.
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On August 18 2010 06:27 intrudor wrote:Show nested quote +On August 18 2010 03:05 Hawk wrote:
i don't know if great is how i'd describe something that pretty much receives condemnation from anyone from a brain. Great isn't what you call something that only a fraction of a percentage make profit, and that's off the backs of the people the scammed.
It's total bullshit. actually bullshit is what it is...but only in reality. In theory, if the general population's brains were better adapted to analyze a business based only on its merits, and not based on rumors, this type of business would actually work very well. it would be easier to build a network, less people would drop out, more actual products would be sold etc, more people would make money, the success rate would be higher...etc... unfortunately, this won't ever happen. (even with the recent crazy reputable endorsements, those business still carry a gigantically bad reputation.) so OP, my advice to you is; join the business only if you wanna know how good a salesman you really are lol.... you might hit a wall.... just sayin' GG! Owned.
If a theory doesn't work in practice, then it's a failed theory. The whole point of a theory is that it is meant to work in reality - otherwise, what's the point? Imagine saying "Darwin's ideas on evolution are fine in theory, but they don't work in reality..." Doesn't really scan, right?
I think a better way of phrasing what you are saying is: 'if we lived in magical land, and everyone had perfect information about business profits, while simultaneously forgetting that most pyramid schemes are scams, then pyramid schemes would be good" (though if people had that kind of information, I imagine most other businesses would also be much better and you'd be back to square one).
Profits aside, anything which encourages you to exploit your friends and family is something I think you should steer clear of.
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On August 18 2010 09:50 Tal wrote:
If a theory doesn't work in practice, then it's a failed theory. The whole point of a theory is that it is meant to work in reality - otherwise, what's the point? Imagine saying "Darwin's ideas on evolution are fine in theory, but they don't work in reality..." Doesn't really scan, right?
I think a better way of phrasing what you are saying is: 'if we lived in magical land, and everyone had perfect information about business profits, while simultaneously forgetting that most pyramid schemes are scams, then pyramid schemes would be good" (though if people had that kind of information, I imagine most other businesses would also be much better and you'd be back to square one).
Profits aside, anything which encourages you to exploit your friends and family is something I think you should steer clear of.
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you're completely missing the point. You're starting with the idea that network marketing is a failed concept, even in its underlying theory. You seem to think that if the business and the overall industry is successful, (in the Utopian world that im describing), then the concept would still be about exploiting people. if people's minds are open enough to give direct marketing a legitimate chance, the success rate would be much higher, and it would rival those of other types of business such as restaurants and other small start-ups.
There's a fine line between those two processes;
New Concept A; Basic underlying logic is wrong. Therefore wrong in theory. Population rejects it. Result = Failure.
New Concept B; Basic underlying logic is correct. its underlying theory is correct but it requires the acceptance of an X-amount of people to support its sustainability. Population rejects it. Result = Failure.
"If a theory doesn't work in practice, then it's a failed theory." Okay so, in theory, uneducated people should'nt have bought indulgences during the 16th century. In practice, that didn't work. They bought shitloads of that worthless crap. Therefore it's a failed theory since it doesn't work in practice. We should dismiss the idea that "buying indulgences is wrong" since in practice, we observe the failure of this idea.
Can i just make a prediction? Whoever is trying to recruit the OP won't exactly be able to recruit him because i suppose OP has read this thread. and the would-be recruiter's business will soon collapse. hehe..tragic...but that's what will happen.
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I think you're missing my point, and putting forward a theory with no evidence - which as far as I'm concerned, is not a theory. You should not need to divorce yourself from reality to make a theory.
Your 16th century example could be (probably) supported by the evidence that the uneducated people who didn't buy indulgences lived happier lives.
I don't see how you can establish that your basic underlying logic is correct. Furthermore, it seems to me that there would always be a problem with mixing commercialism with those closest to you. Even when lending money (interest free with no conditions of course) to my best friends, I've found things get unpleasant surprisingly fast.
So, your current idea isn't a theory...I guess it's a hypothesis or something.
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On August 18 2010 13:42 intrudor wrote:Can i just make a prediction? Whoever is trying to recruit the OP won't exactly be able to recruit him because i suppose OP has read this thread. and the would-be recruiter's business will soon collapse. hehe..tragic...but that's what will happen.
No, it's not tragic. What would be tragic is if he was stupid enough to fall for it.
In a "utopian world" there would be no need for money and everyone would have what they want. There is no "utopian world" that will ever exist for "network marketing" (aka pyramid schemes).
I find it scary that you find pyramid schemes failing "tragic" yet you acknowledge the reason they fail is most people are at least smart enough to see they can't work.
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i didnt tell you but im the dude who recruited the OP's would-be recruiter's recruiter. So im like 4 levels above him but my business stands to suffer if OP doesnt join the business
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On August 18 2010 14:15 intrudor wrote:i didnt tell you but im the dude who recruited the OP's would-be recruiter's recruiter. So im like 4 levels above him but my business stands to suffer if OP doesnt join the business
Pulling the guilt card? Classy.
If you are telling the truth then you should be in jail.
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If you are really interested in the selling business, try to get a job at Xerox. Their sales training is among the best in the world.
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Generally speaking, pyramid schemes don't actually sell anything except an idea. They want you to pay a sum of money to get involved, and then they encourage you to sell this same package to other people, and you will make a commission of the sales. So basically the people in the top prosper and make a healthy profit while the people in the bottom will find it hard to find enough people to sell to make back a profit and will usually end up losing money.
If you were really serious about going into this terrible type of business, you would start your own company. That way you are at the top and you will make a commission out of every single person who signs onto the company. But it's still such a sleazy was of making money, I don't think anyone with a bit of self respect goes into this industry. When I think of pyramid schemes I think of unsuccessful people with horrible personalities who can only see past their noses and dream of becoming rich quickly. They are usually also gamble.
My advice is to not even consider it. Go into a real industry or get an education that can actually land you a real job, not just a arts or business degree.
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On August 18 2010 08:17 intrudor wrote:
Samalie, you either have a distorted view of reality or you have a distorted way of explaining a simple concept by using examples.
Primo - an MLM company wouldn't focus only on one city or sell only 1 product or service. an MLM company company can have operations in a shitload of countries and offering a shitload of products or services. You describe a 5% potential market share as the upper limit but you took it out of your ass.
Secondo - "Getting in Early" is absolutely not a guarantee of success, and in most case, it will work against you because 1.nobody gives a fuck about new young companies or what they have to offer, and 2. there is zero infrastructure in place, meaning, there are no VP's around to give presentations for your potential recruits. Its better to get into an established company.
Terzo - It all comes down to how good of a salesman you are. period.
not that it matters, because we both agree that MLM sucks...so ...yeah..
intrudor:
Primo - A MLM company wouldn't focus on one city....but the average schmuck who thinks he's going to make money off it will exploit the relationships he has with people...which for MOST people will be within their general area. The example given was to show that in one city there is very little profit/year to go around to a large pool of people wanting to claim it. I could give a similar example using all the USA, or even the world, but I chose to look at just one city. The 5% market share...find me an example where any MLM product has more than a 5% market share compared against all of the same/similar product and I'll retract my statement, but I could find no example of a MLM company that has more than 5% market share. ACN was my example, and they are definetely below 5% market share vs the other telecommunication providers.
Secondo - I never suggested that "getting in early" meant guaranteed success. But if you are fucking brilliant at sales & amazing at recruting, the earlier you get in the "business" the more likely it is that the available pool of recruits and buyers isn't already diluted to the point that you can't make any "real" money anymore. If you're getting into a company that's too "established" (see Amway), your odds of success are dramatically lower because most of your theoretical market share already have reps that sell to them, and the pool of people to bring in under you can be all but exausted.
Bottom line...the world isn't a utopia, and as we seem to agree 99.99% of the people that get involved don't make a fucking dime off it...the few that get rich are the few that came up with the "scam" in the first place & ride the top of the pyramid.
And you're right - part of the reason that MLM is a fucking failure is the public perception of it. The problem is, the perception is right...MLM is usually worse than a traditional job. Sure, in both cases, you're working your fucking balls off to make someone else rich. The only difference between MLM & my 9-5 is at least at my job I'm guaranteed my salary at the end of the day...in MLM you'll be lucky if you can regain your initial "investment".
But keep the reality distortion field going...shit man, you could work for Apple 
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On August 18 2010 06:27 intrudor wrote:Show nested quote +On August 18 2010 03:05 Hawk wrote:
i don't know if great is how i'd describe something that pretty much receives condemnation from anyone from a brain. Great isn't what you call something that only a fraction of a percentage make profit, and that's off the backs of the people the scammed.
It's total bullshit. actually bullshit is what it is...but only in reality. In theory, if the general population's brains were better adapted to analyze a business based only on its merits, and not based on rumors, this type of business would actually work very well. it would be easier to build a network, less people would drop out, more actual products would be sold etc, more people would make money, the success rate would be higher...etc... unfortunately, this won't ever happen. (even with the recent crazy reputable endorsements, those business still carry a gigantically bad reputation.) so OP, my advice to you is; join the business only if you wanna know how good a salesman you really are lol.... you might hit a wall.... just sayin' GG! Owned.
Yeah. Theory also means dick if it doesn't work in real life. Which it doesn't. And it's not that 'people don't understand the business'
it's because the system is designed to rape the people lower on the pyramid for the benefit of those up top.
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If they had a valid investment with a really good innovative idea, they would be looking for a big Venture Capitalist, not for random misinformed people. Venture Capitalists are huge firms specialized in investing in new ideas, often investing billions of dollars on fresh start ups. If they had a good idea they would look for them, not for you.
Why are they looking for you instead of billionaire investors? Because Venture Capitalists are actually well informed and do a complete check on where they're putting they're money on. So they know that experienced investors wouldn't invest on them, so they look for random inexperienced citizens, like yourself.
http://en.wikipedia.org/wiki/Advance-fee_fraud
Short version: only ever invest your money on credible companies with a long and safe history. Which should be true for any capital investment you ever make in your whole life.
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On August 18 2010 21:19 Lucid90 wrote:
My advice is to not even consider it. Go into a real industry or get an education that can actually land you a real job, not just a arts or business degree.
I'm already a graduate from one of the best (if not the best) schools here in the Philippines; so having an education isn't a problem for me. Also, I have already said that I'll just keep on playing them with a string then cut loose (tell them I'm not interested anymore) because I've found a different opportunity.
But what I now want to ask you about are companies that do use direct-sales systems as their distribution method i.e. no recruiting; they're open to anyone who wants to re-sell their product/s as a sales agent... now what do you think of those? Best examples I can think of right now is Tupperware and Avon. 
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EPT![[image loading]](http://personal.maths.surrey.ac.uk/st/H.Bruin/image/pyramid.jpg)
