Home based opportunities - Real potential of substantial income or just another scam?
First of all thanks for viewing this thread, I would really like your views on these opportunities you see plastered across your screen so often.
My name is Dan I am married with a 2 year old son - life has never been better!
I have recently joined an MLM (Multi Level Marketing) company that appears so exciting and innovative sometimes I have trouble sleeping lol.
My goals are to build to residual income substantial enough to not work fulltime but spend time with my family and friends more often and be able to work for charity. (I sometimes help out to feed the hungry and things like that)
I want to dedicate the time I have whilst not working a full time job to helping others in various ways.
1. More charity work for those more unfortunate than most.
2. Giving people the opportunity to understand and be able to earn their own substantial residual income if I succeed in doing this.
Before you say, not another con-man pyramider. I have been in MLM marketing for 1 week now and have not made a cent (as i expect). I am simply asking for peoples views, either good, bad or simply dunno.
The reason I signed up is I thought about how much money needed to be invested into this website in order for it to work. It has a high capital outlay. Anything with a low or zero capital outlay would be website scam site!!! They practically put a price on a bunch of useless information.
Anyone knows that in a MLM environment the best place to be is near the top, however being near the top requires more risk because you don't know if people will come in underneath you because it is an unrecognised company. So lets assume you have the chance to be near the top.
There is so much propaganda and fake promises on the net these days about getting rich quick that most people say no in their heads well before they even start researching the facts. So lets assume you truely haven't heard of how an MLM works. Then you read the facts.
Lets also assume:
The products are well known brands
Any company with any type of product is welcome to sell their products or services there
Its Australian owned and moderated
It plans to go global within 12 months
Their cards are safer than VISA or Mastercard
Its completely legal and ethical!
You can start earning income immediately
Very realistic potential earnings of over $10,000per mth within 6-9 months Residual! depending on member growth
All these factors taken into consideration please tell me your views on why you wouldn't sign up, is there a catch? or do i have good reason for these sleepless nights?
I can't post the site on here coz i don't want to get in trouble but if you want the address just msn, skype or email me
fast and quick money... its always a scam
If it wasn't millions of ppl would be doing it, noone would be working down at the local woolies, and we would all be RICH
Well its main catch phrase/mission statement is 'turning expenses into income' in order to do that you only need to become a member, to seriously profit in the business you would need to recruit from as little as 2 people but realistically would only need to personally recruit 10-20 good people to generate a 6 figure residual income per month. At least thats how I have worked it to be approximately. Does that answer your question?
did millions of people start using ebay within 2 weeks of its launch to the world? Do millions now? If you had a chance to buy shares back then would of you? No-one ever knows whether a website or any business will fold or flourish unless someone takes a chance and tries it. Atleast thats from an entrepenueral persective. Which I am trying to adapt.
Seriously Dude, if you are here to SPAM us you'll be banned before you can finish that next post. So if you're after minions this isn't the place for it. Seriously.
More about me:
Previous to me taking on this challenge i developed a career in 'tyre fitting' for the last 10 years.
I have never been a blue collar infact very rarely wore a collar. lol
I will say that I was told once not to look for advice on how to paint my house from the local butcher.
I'm happy to discuss this if the mods don't mind where this goes.
There are so many things wrong with this, but by jeez these people are good at stirring you up.
So you have to buy a certain amount of product EVERY month right? And so do the people underneath you.
There isn't any focus on the product you are supposed to sell, because its not about selling a good product it's purely to recruit more people, to personally buy stuff each month.
Where are you going to get 10-20 people? Once you've driven your family and friends insane about the "great opportunity" and 'residual income', what then?
You make money buy either selling something people need/want or providing a service - not by selling them a dream or ideal, that has little foundation. The products this lot sell are VERY expensive anyway and many people aren't willing to part with cash for stuff they can buy at the supermarket. You will have stockpiles of product in your garage that you had to buy to make it to the next 'level' - betcha $100.
Do the provide any product training, or is it all focused on 'simply' recruiting people underneath you?
The website outlay - please don't think that if you throw heaps of money at it, that it will mean something, or that if it was cheap it means nothing. You won't be investing your money in a product, service or any type of bricks and mortar...just an idea, dream, propaganda started by people with big charisma.
I've seen this before in a few different shapes and forms, but recruiting people underneath you and being whipped into a frenzy seem to be the main theme...
See this is the perspective I have been looking for. Lulu thank you. Have you seen this particular website? I am not sure if I am allowed to announce it on here so until I find that out I wont. I will admit I have repeated to myself a million times 'This has to work' so I have brainwashed myself into believing it wont fail. My optimism doesn't really stem from what i've been told but more what I have researched. From your experience Lulu do you know if any sites/companies like this have actually worked for people like me and you? If so how?
More importantly please explain the moral issues you feel on a deal like this. That is my biggest worry. Is it morally ok if you are open and honest about your own experiences?
Thanks again for your in-depth and constructive opinion
So if they are well known companies and well known brands why are you being charged to sell them? (website outlay).
Look they make it sound so simple, but these things have been around for YEARS. The main theme is this 'residual income' tactic they use. To me this implies you can step back will all your minions run around selling stuff and you rake in the cash, you must know this can't work.
Who is the parent company? All these roads tend to lead to Rome if you know what I mean..
I don't know anyone who has made decent money from this, no one has ever had enough time to relax and do a bit of charity work on the side. I know for a fact that many many people have been badly burnt from these setups and heaps of friendships lost.
There's no reason you can't have personal integrity, but does the company?
What makes you feel uncomfortable about this setup?
Yes, please DO NOT mention the name of the website, although I know you are just gagging to do it. If it sounds like it's all a bit pyramid shaped, then it probably is. Every single person I know who has gotten involved in similar companies have no friends left - not one! And they are ridiculed for taking part in it.
They work on the theory that you buy these products and use these services every week anyway..which i do. There is no stock pile up as you dont have to buy anything to stay a member, you just wont earn anything for that month. I see it as a safeguard against the sign up once and do nothing type of people as opposed to having to rip yourself off to make money.
There are 3 types of products for sale:
1.Goods and Services (via warehouse and direct website links to participating businesses)
2.Rewards card to buy these goods and services with (similar to Visa etc)
3.Business opportunity
The compensation plan they call it has 8 different bonuses which sound very attractive and achieveable (business opportunity). You can simply just sign up as a shopper (no money making priviledges just reward points towards other products). You can sign your business up as a merchant e.g if bottlemart signed up you can earn rewards on purchasing liquor using your rewards card, furthermore if you are a business owner you and other members earn a percentage of the profit off that sale plus get the rewards points etc. etc.
The residual income statement to me implies the harder you work in the early stages the more you can sit back and relax in the later stages. I have met people who have been involved in successful mlm'ing who have been able to quit their day jobs. I have been advised of this:
mlm is not for everyone - make sure you understand it before you join
minions won't make you money, entreprenual thinkers will, so recruit entreprenual thinkers
effort you put in = results you receive
What makes me uncomfortable? The fact that I can't find anything wrong or unethical with it like I can almost every other opportunity I have researched. Wondering if I am missing something?
Thank you trillian, I don't intend to burn up all my friendships and seriously recommend anyone else interested in mlm'ing doesn't do that either. I thought to myself I never hounded my friends to buy tyres off me when I was a tyre fitter so why should I now.
I will not announce the website on here, I don't want anyone thinking they are suckered in. I love kids and take my hat off to all the mum's out there moulding our future generations. God Bless
Well if you think that you can make a go of it and do well, then go ahead and do it. You sound like you've really looked into this, but IME there are always strings - they may not be apparent at first but they are always there. If you have nothing to lose financially if it doesn't work out and you don't become a social lepper then give it a go.
All mlm's run a compensation plan - meaning you get compensated for yours and others purchases.
It has no parent company. It is a middle agent between retailers/wholesalers and consumers.
The company negotiates all pricing on products with seperate merchants. Its like any other shopping directory but you can run a business from it too
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Home based opportunities - Real potential of substantial income or just another scam?
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