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All Deviations
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Ten Big Lies of MLM

Journal Entry: Thu Aug 2, 2007, 7:11 AM
Lie #1: MLM offers better opportunities than all other conventional business and professional models for making large amounts of money.

Lie #2: Network marketing is the most popular and effective new way to bring products to market. Consumers like to buy products on a one-to-one basis in the MLM model.

Lie #3: Eventually all products will be sold by MLM. Retail stores, shopping malls, catalogs and most forms of advertising will soon be rendered obsolete by MLM.

Lie #4: MLM is a new way of life that offers happiness and fulfillment. It provides a way to attain all the good things in life.

Lie #5: MLM is a spiritual movement.

Lie #6: Success in MLM is easy. Friends and relatives are the natural prospects. Those who love and support you will become your life-time customers.

Lie #7: You can do MLM in your spare time. As a business, it offers the greatest flexibility and personal freedom of time. A few hours a week can earn a significant supplemental income and may grow to a very large income, making other work unnecessary.

Lie #8: MLM is a positive, supportive new business that affirms the human spirit and personal freedom.

Lie #9: MLM is the best option for owning your own business and attaining real economic independence.

Lie #10: MLM is not a pyramid scheme because products are sold.

  • Mood: Sadness

CONSUMER ALERT

Journal Entry: Thu Aug 2, 2007, 7:10 AM
Avoid dealing with salespeople who:

* Disparage other products or firms.
* Confuse you, abuse your trust, or exploit your lack of experience orAlert knowledge.
* Try to make you cancel a contract made with another salesperson.
* Falsely tell you they're taking a survey or you've just won a contest.

Avoid dealing with companies that:

* Charge a substantial entry fee (more than the cost of a sales kit).
* Pressure you to purchase large quantities of products.
* Do not repurchase inventory if you decide to leave the business.
* Sell few or no products to consumers.


Things you should know about pyramid schemes

* They are losers. Pyramiding is based on simple mathematics: many losers pay a few winners.
* They are fraudulent. Participants in a pyramid scheme are, consciously or unconsciously, deceiving those they recruit. Few would pay to join if the diminishing odds were explained to them.
* They are illegal. There is a real risk that a pyramid operation will be closed down by law enforcement officials and the participants subject to fines and possible arrest.

  • Mood: Suffering