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MLM Companies and their disastrous success rates

Discussion in 'BlackHat Lounge' started by federerzidane, Mar 9, 2017.

  1. federerzidane

    federerzidane Newbie

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    Hi Guys, just a bit of a rant, I have been taken for by two digital MLM companies. When I first started Internet marketing I didn't know that the MLM model had made its way on the internet. I heard read about the big ones and their shenanigans like Amway, Herbalife and Mary Kay amongst others. But I had no idea about Empower network, MOBE, Six figure mentors and their likes.

    Anyway after being taken for a couple hundred dollars from both MOBE and Six figure mentors (not at the same time) and then realising I had to pay a further couple thousand grand to have the privilege to promote them I didn't take my venture any further. it was later I realised they have a MLM business model and that the internet is full of them.

    I came across a book by Dr JonM.Taylor 'Multi-Level Marketing Unmasked' it is a thorough dismantling of the MLM industry. One figure that kind of baffles me, is their success rate is less than 1%, he analysed over 600 MLM companies and concluded majority don't make anything and usually lose money whilst less than one percent make the big dollars.

    How is this business model still allowed to thrive?
     
  2. blogzandstuff

    blogzandstuff Elite Member

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    Known as pyramid selling in the UK, it's illegal. It never works
     
  3. MySideHustle

    MySideHustle Junior Member

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    Yeah MLM is a scam brah, it's illegal
     
  4. lokko

    lokko Regular Member

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    MLM companies and the people working for them drive me insane. I don't understand how they are so brainwashed..like they lie through their teeth but are the best at masking it.
     
  5. socialmorine

    socialmorine Jr. VIP Jr. VIP

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    Pyramid selling is illegal in Canada, too. Never like it. You should run away from them as fast as possible!
     
  6. lokko

    lokko Regular Member

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    Yeah but they mask themselves with "Product and service selling" so they get away with it here in Canada.
     
  7. GoGudget

    GoGudget Registered Member

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    Oh the pyramid and another story... you should go away.
     
  8. federerzidane

    federerzidane Newbie

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    That's the problem, they get away with a lot of stuff. And when you dig deep into these so called gurus, they have been involved in multiple opportunities. It's like after one dries up they open another scheme.
     
  9. amoon

    amoon Jr. VIP Jr. VIP

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    those who are in the top of the pyramid make millions from the slaves under ....it's completely a SCAM and ILLEGAL in all countries now,
     
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  10. blogzandstuff

    blogzandstuff Elite Member

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    i get these a lot, reverse pyramid, unlimited matrix, 3x3 matrix. i file them where they belong, in the trash
     
  11. amoon

    amoon Jr. VIP Jr. VIP

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    they dream to reach the top, they know that the people at the top make all the money without doing anything...
     
  12. osberht

    osberht Registered Member

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    I thought people are above MLM by now. It's 2017?
    I guess some things never change.
     
  13. blogzandstuff

    blogzandstuff Elite Member

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    it will never change, slick marketing + desperate people = $$$$$$$$$$$$$$$$$
     
  14. socialmorine

    socialmorine Jr. VIP Jr. VIP

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    But isn't it too obvious to smell the smoke? I can hardly believe that people still fall into the MLM pit. lol.
     
  15. blogzandstuff

    blogzandstuff Elite Member

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    Greed will always prevail, the so called easy money route. People play the lottery in the UK when it's 17 Million to 1 chance of winning
     
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  16. blogzandstuff

    blogzandstuff Elite Member

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    When you think about it, times are hard for many people. Many people are not actually " Greedy " but just looking for a way out. They see an ad " Escape the rat race, earn big " etc and go to the seminar. There they watch the speakers and see the flashy brochures and sales material. Normally there are actors in the crowd who put there hands up to join when the speakers asks. A slick operation
     
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  17. terrycody

    terrycody Supreme Member

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    Amway, Herbalife and Mary Kay are illegal in your countries? AfaIk, Amway and Mary Kay are the ones biggest and they are actually legal in a lot of countries (Even I hate them)
     
  18. customerblast

    customerblast BANNED BANNED

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    A pyramid scheme is when there is no actual product or service being sold and the only possible monetization is bringing in new recruits.... so technically most of whats out there isn't a pyramid scheme .... however I would never waste my time trying to make money with MLM
     
  19. blogzandstuff

    blogzandstuff Elite Member

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  20. blogzandstuff

    blogzandstuff Elite Member

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    A pyramid scheme is the actual payment structure irrespective if there is a product or not. i have them offered to me, everything from a nail to car products.