Previously, Financial Freedomino has posted an article regarding MLM scheme.
The MLM scheme are now evolving. The conventional one are known for selling ones product, by promoting someone to join and sit under the promoter tree in the scheme and keep on eating the commissions from future promoted person.
In Malaysia, the typical MLM recruiting process are like:
- tell their close friends to come to chosen Food Stall (Normally Mamak's stall). Promised to treat their friend and when the time arrive, blah!. The promoter come but accompanied by the person that he called as Upliner.
- Suddenly receive a call from the relatives that seldom asking how well we are, asking that are we will be home in this day, and this time because wanted to have a visit. Some worst case scenario, they do have sudden visit, also by bringing along what we called as Upliner. Then, the brainwash session started.
Seriously, only these two reason can make me really hate the MLM recruiter. Actually there are other tricks & 'treats' but these two process seems the most popular one
!
As the era changed and evolved, now the MLM scheme is being implemented online. People starts to see that Internet as their gold mines. People also learn internet can help to generate extra income and cash to them. Some people claimed that they can earn $100 (hundred dollars) perday from the internet. Some company also has created their own Internet Marketing strategy and promising future hope to future members/investor if they join their scheme. Back to the basic, when it was MLM, it will always be MLM, acting like the MLM, and finally ended like other MLM too!
The article below listed some tips to avoid the MLM scheme in the internet.
What Is MLM Or Multi Level Marketing...
Ok Here We Go...
- What Is MLM Or Multi Level Marketing, Also Called "Network Marketing"
The only people who make money from Multi Level Marketing schemes are those that are high up in the pyramid and having their down line doing all the hard work for them by signing up new members, selling product and what ever it involves for them to make money. I think that if you are new to the whole concept of MLM and you don't have powerful and rich friends who are Heavily involved in MLM and have hundreds of network partners online, then the sad fact is that you will fail! 97% of MLM newbies fail, this business is by far not easy and it's not really a get rich quick scheme. This business model involves a lot of hard work and hands on selling to customers and most of all involve dealing with a product! If you don't have the talent to sell stuff to people and sign up other people for a large sign up fee then i think you will be set sailing to FAIL!
If you are new to MLM concept then steer well clear of it until you have a lot of heavy internet marketing background and marketing experience behind you, you need this to be able to sell the product or the service that you will be required to sell by the company in order to get paid!
MLM Marketing is usually reasonably expensive to get started, Usually between$250 To $1000 Just To Sign Up. As you can see it's a reasonable investment on your behalf and there is Absolutely NO GUARANTEE that you will make money, let alone get any of your sign up fee back!
Once Again, if you are new to MLM concept and you are just starting out in marketing world then steer clear from MLM for now! It's not for you...
Another Famous Load Of Bull, Get Rich Quick Gurus!
"Look at me... Look how rich I am , I live in a million dollar house and own over a million dollars worth of cars !!! Now I Can Teach You To Do The same, because i know a secret to making money online that you don't Order my guides now for only $49.95 and you will start making thousands online using my secrets...."
Haha to that, sure they live a multi million dollar lifestyle but they didn't make it by knowing something most of us don't ! They simply got off their butts, wrote up a couple of vague money making guides that are supposed to teach you how to make money online and whatever else they promise, Build a flashy website with fancy graphics and full of Fake testimonials to convince you that their stuff works for others and write a fancy sales letter how they went from having 5 bucks in their pocket, to discovering a secret to make thousands online and becoming a millionaire online...
Whatever, the reason these guys have this money is because a lot of people are after similar lifestyle that they lead and they just wanted to get the financial freedom they deserve so this guy's website happens to pop up in the right time and YOU BUY HIS PROMISES AND HIS GUIDES!... That's how they make their millions, not by using some super dooper secret to making money online...
You think about it, if they sell 20,000 copies of their guide online which is relatively easy to achieve if your website is fancy and you are damn good at talking peoples ears off and convincing them to buy your stuff... that's A MILLION DOLLARS... That's how they make their millions!
Don't fall for these Hyped Up Worthless Systems, These will only make you a few bucks poorer and make these guys a few bucks richer!
Full post can be read here.
See, stay away from MLM!
Save your savings!
Invest in appropriate portfolio!
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