Thanks, just wondering for future reference
There are drivers, and there are hitchhikers.
There are leaders, and there are followers.
There are entrepreneurs and there are sales people.
Choose your path.
Likwid is partially right. But remember, like MJ stated in his book, you want to be the one who created the MLM not the one who is working. Unless you are EXCEPTIONAL at it. I have done a few of them myself. They are not "scams" or they would all be illegal. Are they hard work? Hell yeah! I have made a little money on a few of them and I have some friends that make some decent monthly income and one or two that make what some of us would currently consider a lot of money right now.
A true friend or family member is not going to hold it against you for asking them to join or buy in. Unless you you somehow got them to lose $10,000 or hounded them month after month after they said no. If you ask once and they say no and you leave them alone...how much can they really hold that against you? Obviously some MLMs are better than others.
Also, there are some very rich people who state that an MLM is a great way to make money. Even MJ. Although he said he would create an MLM, not join one. I would not fathom how to create one.
I have a very good friend who is making some good money in an MLM right now. If you feel $499 is worth getting some experience to see what it is truly all about, then go for it. LIFE is all about a LEARNING experience.
I am trying to take everything I have learned in life and move into the fastlane, over and over again.
As for what you do with your money. You have to make your own decisions on that. I don't even know what ACN is. Is it a product? Is it something you have to buy every month?
The other thing you have to remember about MLM is that everyone makes it seem like a get rich quick scheme. It is NOT. although a few do get a lot of money very fast, I would say that is not the norm.
In the end, the choice is ALWAYS yours.
Every day is a school day. Every day is learning day.
The book move is a trick.
They let you 'borrow' the book for two reasons:
1) if you're reading the book, they are furthering their sales process on you, which in turn increases the likeliness that you will buy in. The book will always be pro network marketing (aka mlm) and support things they told you in the original meeting.
2) More importantly, they have given you something that you will have to return. This opens the door for them to draw you back in when you go to return it. He doesn't care about the book, he just wants another run at you.
I spent a few years in an MLM company, and the methods they use to deceive people could be straight from a grifter handbook.
To help cut through the noise:
Forget about the photocopies of checks they show you. This is what they call 'building a story'. I recruit you, I drive your downline for 30-60 days, and get you a respectable check. Then I photocopy it, put it in a flip book for you, and you now have a story that goes like this:
'When I started with ACN I was skeptical, like I'm sure most people are. However, I figured I had nothing to lose, so I gave it a try. 60 days later, not even knowing what I was doing, I made this check for $3,500 and I've never looked back. Now, 8 months later, I am making enough money that I was able to leave my $75k per year job; I have more free time than ever, and my life is on a completely different path. I am building a business, instead of working a dead-end job."
Sounds awesome, but all you really know is that I made $3,500 one time. You will want to believe that I said I'm making more than $75k/yr after only 8 months...but I cleverly left out the specifics of what I am actually making. All I said is I was able to leave my job. What does that mean? In the MLM world...nothing.
They are all about flash and 'act as if', but almost none of them are making what you would hope. In fact a lot of them are buried in credit card debt from trying to put up a believable front.
Cut through this noise by insisting on proof. Forget checks, and ask for income figures in annual numbers. These guys will notoriously quote their largest check ever as being 'the norm', and some will extrapolate that into annual income even though they were nowhere close. You wouldn't buy a business without having a look at their books, so treat this the same. Ask for a copy of his most recent 1099. In addition, ask for a look at the 1099's of his other successful recruits.
The #3 producer in the company I was in consistently showed checks for $10k his first month, $18k his third month, and $50k by his 7th month. I became close with this guy as I opened up offices, and when he finally quit he told me what he was making....$32k per year! He had everyone convinced he was making millions, and it was all smoke. The only people making money were the founders.
Read MJ's book, as it sounds like you haven't. He does the best job I've seen at spotlighting the fallacies of the MLM model. As MJ says, you aren't a business owner in an MLM, you are basically just a sales rep who can enlist a sales team.
Good luck bud.
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MJ makes some great points about it in his book.
Damn tell you guys the truth I dont really like receiving gifts from anyone, I heard a quote once that went like this "Nothing in this life is free" when people want to give me stuff im like no thanks im alright sometimes people get offended they say im an asshole, its just the way I think though. I only took it because I really thought this was an opportunity and plus I thought a free book from a wealthy guy wouldn't matter much too him. I need to hurry up and spend some good hours reading MJ's book today, im on it
A gift is a gift. Eventually someone who gives you a gift may get it back in some other way. Not even from you. The book wasn't a gift. It was a business proposition. He needed it back. A gift is something someone gives you when they expect nothing in return.
On another note; a lot of "gurus" will recommend MLM for one reason and one reason only: It's a great sales channel to move books. If you are pro-MLM, then suddenly, you can sell your books to millions of people in various downlines. It simply is an awesome sales channel.
When I wrote TMF, I knew I had a big decision:
1) Lie about MLM and say "It's great! The best thing out there!" just so I can exploit the sale channel and sell gazillions of books to the MLM channel. (Sound familiar? Most gurus aren't concerned with truth, but concerned about book sales.)
2) Tell the truth and kill any chance of selling millions of books to hundreds of downlines.
Obviously, I chose #2.
My two cents. If was briefly brought into this group a few years ago by my cousin. The products were legit, phone service, heating and I think electric? My "adviser" told me to call all my friends and family with a sob story of how I needed their help and to come to my house at a certain time. I couldn't explain why or tell them I was selling anything. My "adviser" basically took over the meeting and hard sold everyone to "help" my cause. I was horrified and very embarrassed. I had some signups, but I didn't feel good about it. I stopped the whole process a week later. These programs make money for people who are slick salesmen. I wanted to sell things to help my family and friends. Not hard sell them to pay more than they should just to put a few bucks in my pocket.
The conventions get introverted people together and makes everyone feel like a family, but it's all a big game to have everyone pay dues and fees so the top brass get paid the bucks. Then you feel guilty about leaving the group since they are your friends. Most of them are great people, but there are ones that are tasked with keeping the team filled by whatever means.
So do your research and check it out, but I would be very leery.
My understanding is the real money is made by the founders, NOT from selling the product and NOT from their underlings selling product but from selling Video courses and classes on how to sell MLM.
I believe that Kioysaki wrote his first book and it didn't sell.
That was until it was sold in a MLM company.
Sort of strange that he wrote a book on succeeding in business when as far as I can tell he never had a successful business.
On the brighter side, to be fair, Kiyosaki still has some good info, despite his "global real estate business" consisting of a duplex in Mexico (or whatever the back-end story was).
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