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USANA - any advice here?

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Mr K

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Jan 14, 2008
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Hi there

So I'm looking at ways to offset my day job income & I chatted last night to a couple of guys who sell USANA products & fanchises. I'm always a bit skeptical of these type of things - for a start the encourage floggin' stuff off to your family and friends - which I always dislike doing (although I guess if the product is that good, then yeah I have no probs).

I'm wondering if anyone here has advice about Direct Selling businesses, these MLM type (USANA say they are not MLM, but you do earn your points based on the people below you). www.usana.com is their global site

Cheers
K
 

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MJ DeMarco

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* Reserving space .... will comment later ***
 

JScott

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Not to detract from what I'm sure will be a fun post for MJ, :), but I believe the general rule on this forum is no discussion of MLM-type businesses...

Some people love MLM, some hate it, and while there are probably decent MLM businesses out there (maybe), most of them look to take advantage of the "greater fool" theory.

It's MJ's forum, so it's his call, but based on what I saw over at RD, these types of dicussions eventually start to permeate every thread, every sig, and generally detract from the goodness of the forum.

Just my $.02...
 

MJ DeMarco

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most of them look to take advantage of the "greater fool" theory.
:notworthy: Thx J ... How about we start with an explanation of the "greater fool" theory. I never heard that but want too!!!!
 

andviv

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well, I saw this thread and thought "oh boy, another thread to lock down" but was surprised that MJ didn't do it first.

I can only assume that the main point is again the same... if you are the one buying the franchise you are somebody else's fastlane plan. If you are the one selling the franchises then you are creating your fastlane business.

The problem here, in my opinion, is that Mr K is just looking for offsetting his day job income. He does not want to make this his fastlane idea or business development. Problem is, you are probably not offsetting it, you are just changing jobs.
 

JScott

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Wikipedia says it better than I can:

"The bigger fool theory or greater fool theory (also called survivor investing) is the belief held by one who makes a questionable investment, with the assumption that they will be able to sell it later to "a bigger fool"; in other words, buying something not because you believe that it is worth the price, but rather because you believe that you will be able to sell it to some one else for an even higher price.

It might be on some occasions a valid method of making money in the stock market -- however, the market participants eventually realize that the price level is too outrageous and the speculative bubble pops. The bigger fool theory relies on market optimism concerning a particular stock, an industry, or the market as a whole."


http://en.wikipedia.org/wiki/Bigger_fool_theory

The greater fool theory is often responsible for those things we consider as "bubbles." For example, the tech bubble of the late 90's, people were buying stocks at ever higher prices -- REGARDLESS OF THEIR ACTUAL VALUE -- because they believed they could find some other "fool" who would pay even more. Eventually, it all came crashing down. And the biggest fool ended up without a chair... (how's that for mixed metaphors :))
 
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Mr K

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Jan 14, 2008
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Mr K goes red in face - makes noobie mistake bringing up forbidden topics ... sorry all. Thanks for responding.

@JScott
You are 100% right, I wasn't particularly looking for endorsement of a particular product. I am itching for a way to offset my income. I desperately want to put something in place that allows me to generate passive income.

Thanks all, the general advice I'm getting from all places is - create a real business :) he he

Feel free to lock this thread MJ
 

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