Sorry, strong word “hate”. But I refuse to recant it….I HATE MLM’s! It might seem odd to people that a serial entrepreneur like myself would think MLM’s are the scourge. It’s not the people, I even like Rich DeVos (founder of Amway), but every time I meet a newly minted MLM devote…my skin crawls. Here’s a few reasons why.
1) MLM’s usually make money by over charging for a service or product. It’s the only way to pay all those people on your down line.
2) Most MLM participants shouldn’t be there. If you think that a mother of three will have time to sell WHATEVER (travel, soap, grape juice, adult toys) and be successful, I have a bridge to sell you. Most people are not cut out for sales, and a MLM is sales. Don’t say it’s not…it is!!!
3) I have joined MLM’s in the past and regretted the waste of time and money. And I have plenty of people who have garages full of water filters that feel the same way.
4) If you go to a meeting and they are giving away cars, and you are selling beaded necklaces, juice, cheap travel, or online websites….do the math! They are making money by signing your butt up for the deal. Thousands of people making pearl necklaces…anyone ask where they are selling thousands of pearl necklaces???
5) Name 10 people you personally know who have retired in two years from their MLM involvement. You cant… so then name 5…still no eh? Ok name one. And not some friend of a friend either. Name 10 that failed miserably….(if they’ll admit it) Point made.
6) MLM’s will be out in force during this downturn and prey on people’s fear and greed. Fear and greed the oldest sales tactics in the book. If you get the high powered sales job. RUN!
7) There’s always a time pressure tactic. Must do it now, I’ll get a raise if I bring you in this week, you’re in this early, blah blah blah. If there’s a time pressure tactic or its too good to be true! Leave the meeting!!!
Think about it, you’re gonna make millions selling WHAT??? Do the math how many beads, juice, vitamins, soap, online websites, adult toys do you think you and your downline can sell, make a margin on, and get profit to you? Hand me the smelling salts.
9) MLM’ers act like they slept with the pods (Invasion of the Body Snatchers reference) They would sign up their grandmother if she could sign the initial check. Don’t worry Grandma, get 3 of your assisted living buddies to do it and you’ll have your money back next week. Plus this product will make you feel 20 again. Really, someone at the meeting has an Aunt who is now 90 and jogging again.
10)Face it, it’s not a real business (except for the owners/creators). In the end you’ll have nothing to sell, nothing to build, nothing to show except for 400 of the 500 business cards you had made.
11) You look like a fool trying to promote your real business and then when they don’t bite on that sale….reloading with the lobotomized speech about your MLM dream. Best was a respected dermatologist promoting his MLM travel business. Yeah…I’ll trust him with my skin cancer screenings.
I know…the self serving business broker is just trying to get you into a traditional business that makes money that old fashion way and he can sell. Guilty as charged. I guess I am wrong for thinking business relies on providing something of value that the marketplace can support at a margin that makes you money.
So bring on the emails POD people…..BTW, only complain if you have been in your MLM for 3 years or more…and make money.
I hear crickets…
Andy Cagnetta
ac@tworld.com