Oukast
Senior Member
- Jan 11, 2012
- 833
- 688
A network btw looks like a pyramid lying on it's side
I thought a triangle looks likea triangle no matter which side you put at the bottom.
F*cking Pyramid Schemes...
- Thread starter Ghoast
- Start date
I thought a triangle looks likea triangle no matter which side you put at the bottom.
UrsuAke
Power Member
- Sep 28, 2011
- 747
- 1,045
As long as there are lazy aspirational people, MLM schemes will work.
And if you have no morals and start a MLM, and IF you know how to promote it right, you will get rich and make millions. Too bad for the people you trick into signing up, they won't make a dime..
And if you have no morals and start a MLM, and IF you know how to promote it right, you will get rich and make millions. Too bad for the people you trick into signing up, they won't make a dime..
I can't believe this harder and harder stuffs
harder and harder stuffs Those people are hilarious ... especially when you see their videos on YT describing how they are making serious money but they still apparently like to look like paupers and continue living in the trailer park.
http://www.prlog.org/11956287-helpg...300-retweets-in-only-5-days-after-launch.html
partymarty4870
Elite Member
- Jul 7, 2010
- 2,032
- 1,697
but it's not a pyramid - it's a trapezoid!
socialmediapro
BANNED
- Apr 27, 2013
- 2,645
- 664
Actually these programs are great for people like us. The people who are a part of it are fully brainwashed by these companies and are willing to invest all of their moms money into their "business" and we can take advantage of it by creating services for them.
partymarty4870
Elite Member
- Jul 7, 2010
- 2,032
- 1,697
just a small selection of the crap I am faced with on facebook on a daily basis from otherwise very intelligent people, my wife being the biggest offender
Dresden
Elite Member
- Mar 10, 2014
- 2,657
- 1,605
My friend got sucked into it when we were in The Netherlands. He actually went to a meeting where they tried to brainwash him with the free food they gave him. Luckily I talked him out of it and he finally understood. I can't remember the name of it though It was something like AMC and they wanted you to sell electronics. The entry fee was 300 euros and after that a lot more money to set-up your "business" website.
kingofnewbs
Newbie
- Jul 9, 2014
- 24
- 1
oh.. i'm thinking similar method offline.. faking percentage and rate
rickydzine
Power Member
- Jun 6, 2011
- 580
- 321
was wondering why no threads were here about this. It has recently been introduced here in my country, it actually does pay out. But rewards are minimal and it definitely will not make you rich. WV has a structure to guarantee most affiliates will never make much.
How they work is like this.
They say you need to refer 4 people to stop paying monthly fees.
Then you nee 6 people within a 4 week period to get $250 USD. The 6 referrals must come in the form of 3 on the left side and 3 on your right side. So you're basically building 2 pyramids.
To start making residual income of upto $500 usd monthly. You must have 30 referrals to your left and 30 to your right. These can be referrals of your referrals and they must stay active(Pay monthly fee/Refer 4 active members).
It will work for sometime until it becomes massive and the mayments can no longer be validated and just all crumble. Biggest redflag for me was that to sign up you have to enter your credit card details on your referrer's sign up page. Hilarious really. Having access to that much credit card information as a pyramid scheme company.
How they work is like this.
They say you need to refer 4 people to stop paying monthly fees.
Then you nee 6 people within a 4 week period to get $250 USD. The 6 referrals must come in the form of 3 on the left side and 3 on your right side. So you're basically building 2 pyramids.
To start making residual income of upto $500 usd monthly. You must have 30 referrals to your left and 30 to your right. These can be referrals of your referrals and they must stay active(Pay monthly fee/Refer 4 active members).
It will work for sometime until it becomes massive and the mayments can no longer be validated and just all crumble. Biggest redflag for me was that to sign up you have to enter your credit card details on your referrer's sign up page. Hilarious really. Having access to that much credit card information as a pyramid scheme company.
zebrahat
Elite Member
- Aug 6, 2008
- 2,514
- 3,037
As I wrote on a similar thread about legit businesses set up along network marketing lines:
...I'd say you should only enroll in companies with honest products/claims that do NOT paint themselves as the second coming, are truly free to join (as in no fees to enroll, no autoship or mandatory monthly expenses, no 'free' trials), and are inclusive in the marketing methods they will let you pursue (as opposed to "you've got to duplicate our system to the letter" brainwashing). Are they open to you passively promoting the product or program through IM, at least on a WH basis?
If not, it's not a good program, but rather a structurally one sided deal the corporation designed to outsource their active, direct sales and marketing (i.e., to dump their risks of not making money) unto you, in order to save them from blowing money on a conventional payroll and advertising budget.
...I'd say you should only enroll in companies with honest products/claims that do NOT paint themselves as the second coming, are truly free to join (as in no fees to enroll, no autoship or mandatory monthly expenses, no 'free' trials), and are inclusive in the marketing methods they will let you pursue (as opposed to "you've got to duplicate our system to the letter" brainwashing). Are they open to you passively promoting the product or program through IM, at least on a WH basis?
If not, it's not a good program, but rather a structurally one sided deal the corporation designed to outsource their active, direct sales and marketing (i.e., to dump their risks of not making money) unto you, in order to save them from blowing money on a conventional payroll and advertising budget.
My dad worked with Quixtar and Primerica. Don't work with either of them. Although I was quite the salesman, my dad gave me all the info, I got all my teachers signed up, my principal, all my friends parents, passed out flyers, he made alooooot of money. You can make money with pyramid schemes, if your not afraid to screw other people over.
bananaman5000
Regular Member
- Mar 5, 2010
- 201
- 130
i remember once i was at a frat house being visited by a MLM scammer. it was $300 to sign up for their "program" and make money referring other people to it. the guy kept saying stuff like "i know this looks like a pyramid scheme, but its not" and "this is a NEW business model, your parents aren't going to understand when you tell them about it."
i'd never seen a pyramid scheme before, but it just didn't make sense. i kept asking "so what are you selling exactly?" only to get bullshit answers, so i decided to leave.
i'd never seen a pyramid scheme before, but it just didn't make sense. i kept asking "so what are you selling exactly?" only to get bullshit answers, so i decided to leave.
plonk
Junior Member
- May 8, 2014
- 138
- 18
**Didn't read all replies**
I once met a guy who tried to convince me that VEMMA is the way to earn big bucks with no work..
I like to think I'm quite business minded and when I started to pick this guys brains and asking him questions, I do not understand how he can be so dumb(?) that he does not realise its a pyramid..
Best to avoid these people, only good things is I got 2000+ VEMMA affiliate emails to try sell them turn key businesses since they wanna earn "easy" money.
I once met a guy who tried to convince me that VEMMA is the way to earn big bucks with no work..
I like to think I'm quite business minded and when I started to pick this guys brains and asking him questions, I do not understand how he can be so dumb(?) that he does not realise its a pyramid..
Best to avoid these people, only good things is I got 2000+ VEMMA affiliate emails to try sell them turn key businesses since they wanna earn "easy" money.
3pmdigital
Newbie
- Aug 7, 2014
- 19
- 31
I can't even harp on the negatives of these "pyramid schemes" (They're not as much a pyramid as your day job is). I was selling ACN online a decade ago (WHILE DEPLOYED TO IRAQ) and got to where I was making about $2,200/month. ACN is nothing more than an affiliate network with an multi-level affiliate feature that pays shitty commissions overall. Once I learned the dynamics of affiliate and performance marketing, I found out that the same Directv I was selling for 15% through ACN I could get $200 per sale straight up... I dropped that ACN garbage and started my company.
Here recently, My mom's got into this newer MLM, because she likes and would purchase the product anyway... And she makes almost as much as I do, with her just selling and recruiting at her leisure.Now, I did give her some pointers at lead gen, campaign monitoring, performance based analytics and what not... But she's no marketer.
And for those that will inquire, no, I will not tell you the MLM name lol.. I'm still new here and am not selling or advertising a thing.
Here recently, My mom's got into this newer MLM, because she likes and would purchase the product anyway... And she makes almost as much as I do, with her just selling and recruiting at her leisure.Now, I did give her some pointers at lead gen, campaign monitoring, performance based analytics and what not... But she's no marketer.
And for those that will inquire, no, I will not tell you the MLM name lol.. I'm still new here and am not selling or advertising a thing.
3pmdigital
Newbie
- Aug 7, 2014
- 19
- 31
Now that right there is what I call the perfect ending when receiving a sales pitch! lmao
Paying MLM participants have got to have a significantly higher converting % than randoms yeah? 2000 contacts is a pretty solid start at getting your own MLM off the ground... With you at the top of course! lol
Swordude
Regular Member
- Dec 29, 2013
- 253
- 236
Lol, I know a few people who have quit their jobs to go door to door selling knives, none of them did it for more than a couple weeks after realizing they weren't making any money.
There was one time I applied for some job on craigslist (can't remember what it was exactly, some sort of office assistant), got to the interview and it was in some small run down multi-business building with a piece of paper taped to the window with their company name. In the interview, the guy starts talking about how they are looking to hire for a management position making $85,000/year, no experience necessary, blah blah blah. I was like 17/18 at the time, so it was a pretty big red flag when he started throwing those numbers out.
After talking about all the benefits and reasons why I should take this job (it wasn't even an interview really, more him trying to sell me the job), he says you start out from the bottom just to get acquainted with the process, and will get moved up after 90 days. He never told me what the process was, just that they worked with cologne/perfume. I looked up the place right after the interview (would have done it prior, but I literally could not understand what they said the company name was over the phone) and found out they just send all of the people they "hire" to sell cologne/perfume on the streets and they can make a commission, but no hourly rate.
Funny enough, I got another call like two months later from a lady giving me the exact same speech as the first time they called me, but with a new company name. I just told her I'd been through their bullshit before, and I'm not interested. She said fair enough and hung up.
There was one time I applied for some job on craigslist (can't remember what it was exactly, some sort of office assistant), got to the interview and it was in some small run down multi-business building with a piece of paper taped to the window with their company name. In the interview, the guy starts talking about how they are looking to hire for a management position making $85,000/year, no experience necessary, blah blah blah. I was like 17/18 at the time, so it was a pretty big red flag when he started throwing those numbers out.
After talking about all the benefits and reasons why I should take this job (it wasn't even an interview really, more him trying to sell me the job), he says you start out from the bottom just to get acquainted with the process, and will get moved up after 90 days. He never told me what the process was, just that they worked with cologne/perfume. I looked up the place right after the interview (would have done it prior, but I literally could not understand what they said the company name was over the phone) and found out they just send all of the people they "hire" to sell cologne/perfume on the streets and they can make a commission, but no hourly rate.
Funny enough, I got another call like two months later from a lady giving me the exact same speech as the first time they called me, but with a new company name. I just told her I'd been through their bullshit before, and I'm not interested. She said fair enough and hung up.
boomboombenoit
Newbie
- Jun 26, 2012
- 13
- 9
I think that is the key element about MLM business models. Most people feel screwed over because they are told they will be selling a product. The truth is these business are structured to make money off their reps, the products are there simply to make it "legal" and avoid the pyramid scheme label.
Most of the MLM businesses are looking to recruit additional reps as paying customers because there are usually minimum orders reps need to place. The recruiters earn money on their recruits orders, not the number of customers they have. And recruits need to order the company's products in order to keep the privilege of being part of the business. In addition, if you do not place a minimum order, it doesn't matter how many reps you've recruited, you lose credit for them. Reps are the company's best customers - I say they're the company's only customers.
So we all know how the pyramid works, you have to order a minimum plus the reps you recruit all have to order the minimum as well as the reps they recruit and so on. To be really successful in MLM businesses, you have to realize whatever you're hawking is secondary to recruiting. The key is to recruit reps and sell them on the idea of "inventory" so they make larger orders per month. Your customers aren't the people buying product from you, your customers are the reps who are buying product.
Honestly it doesn't matter if your recruits have 1 or 1000 customers, it only matters if the people you recruit are making big monthly orders. I believe the most successful participants are those that place their own minimum order per month and are able to incentivize their recruits to place much larger monthly orders and to recruit additional recruits who also place the big monthly orders.
The organization will hold annual seminars and get togethers to help the top performers continue to motivate their down stream in order to continue placing large orders each month - regardless if they have actual customers purchasing from them or not. There is little or no focus on the end customer at these meetings.
Those that are able to realize their real customers are their recruits - are the same that will earn top dollar. Most of the recruiting pitches contain information about "you already use the product, why not get the wholesale price?" or similar.
I personally find MLMs fascinating because they're less about products and more about pure boiler room selling. It's pure sales! No marketing, no advertising - all person to person sales. It really pisses off a lot of people because it sells a dream - tons of money, independence, and you can be your own boss with a small initial investment. That is a dream many who have bought into have a really hard time letting go of when they realize they have to focus on selling recruits instead of the product - essentially they need to "trick" others to get into the scheme to be successful when they were expecting to be a retailer.
Check out "pink truth" - it's a site dedicated to removing Mary Kay's veil (my wife's friend bought into Mary Kay in a big way - it took us a while to deprogram here even though she was spending $1000s a month chasing the "promise").
I may incite some pushback here, but I think it is a legitimate/ reasonable business. I think the focus on products most MLM companies take is a little dishonest, since the true customer are the recruits, but is it really any different from the other claims major products make? Why are we more upset with MLMs because they sell the dream of financial freedom instead of a face free from acne? Or any other as seen on tv product?
My guess: losing this particular dream hurts more...