The $1,000,000 Multi-level Marketing Lie
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- There are hundreds of multi-level marketing companies out there promising to transform your life. Are they really million dollar opportunities or just pyramid schemes in disguise?
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When someone whom you barely knew in highschool suddenly calls you , cares about you and proposes a good business idea , it's definitely a pyramid scheme.
remember what he said, the difference between a pyramid scheme, is not the same as a mlm..
Facts
the way myspace, mcdonalds was created, dont forget that...
@@ramsanchez1671 myspace is a social network and mcdonalds are franchises
@@freddyb4987 which if you look at the history, every business model is build the same..
I was dating this girl who looked me in my face and said “if you don’t join/want to be apart of this we can’t be together” the single life is great
All the exclusion of religion, but none of the salvation! I'll take 20 🤗
I would have died from laughing
Good for you. I know people who would have pretended to be into it just to date the person, thinking they could eventually change the person. Never ends well.
im just curious if she ever got back to you and said ooops you were right haha
@@michaelryan3158 .ask him if he has any pics of her and post it to this site.
My favorite part is when they say “it’s so easy, anyone can do this! You can do it from your phone!” Then 2 minutes later they’ll say “this isn’t for everyone, it takes hard work.” Which is it!?
This is true. The fact these schemes flat out contradict themselves should be a big red flag. There are only a few schemes which actually work and they stick with their facts
Like fishing they pretty much just throw out words that play on your mind until hopefully some ‘penny drop’ moment makes you respond 😜
@Chad Kneller the system of MLM is exposed for the fraud that it is through analysis of the mandated income disclosure. While yes if one was a sociopath and recruited many many people into a program where 99% of people lost money and managed to keep them in it then the recruiter would be successful 1% of the time statistically. It needs to be framed for what it is tho which is an opportunity to scam people with a false dream to take their money and if that to you is success in life you need to find Jesus or Allah or Buddha and learn some love for your fellow man.
Chad Kneller You also forgot, “it’s not for people with a moral compass.” Stop trying to recruit here; no one’s going to join your downline.
If something is so easy to do that anyone can do it without any training, and it's not risky, then either
- your are the first person on the whole planet who came to that idea, and it will only work while no one else finds out about it (and then why try to recruit others?)
- or it will pay you minimum wage in the BEST case scenario
The kicker is they tell themselves they are self employed
Exactly. Like I get that to be self-employed, you do have to purchase things to sell or make, people do that all the time. However, it’s not self-employment if you’ve essentially just become a distributor and are saying you work for “Beach Body” or whatever it may be.
And stay at home mom's but put kids in kiddie kennels...aka daycare outside their homes..but HOW is THAT stay at home mom? When your kids being raised by strangers?
“Entrepreneur “
@Round 1 Or boss babes
a whole bunch of ppl i went to school with are now all claiming to be 'travel business owners', you have to laugh really
I attended an MLM presentation for long-distance phone service at the behest of a friend who was totally into it . About 30 people were there, this was in a rural county, western Washington.
The presenter looked like Alex Baldwin, big, sharply dressed, all the confidence, the typical package.
He stated that his company wanted ten percent share of the local phone market, which in the area being discussed was about 10% of 4000 phones, or 400 phones. The deal went like this: get 40 people to sign up, and of those 40, 2 become sales reps. They must also get 40 to sign up, and of those, 2 more reps, and so on.
Each of these iterations represented a new level, and when you got to the 7th level you would be making tons of money.
About 15 minutes in, I asked him if he was aware of the concept of "geometric progression". I could see immediately his response. Everyone was looking at me . I explained that there were 5 people in that group from my half of the county, the half with 4000 phones. If we 5 all got 40 people to sign up, that would be 200 customers, and when just one of THEIR new sales reps at second level got 40 more, the market would be saturated, and nobody could get beyond 2nd level...(which pays about $30/month. At the time, I made that in 2 hours just going to work without calling every person I know trying to get them to sign up). The guy's fists were clenched, the audience could immediately see what was going on, and several of them got up and left the presentation. I, of course, fled the scene, having completed the mission. I destroyed the guy, and my friend was really pissed off and eventually quit the program after realizing it was a scam.
"Completed the mission" im dying lmfao!!!!
🤣🤣🤣🤣🤣
Sorry I don’t understand your calculations...
I wish there was a video
@@Yazolight They want to get 400 customers., if five of us each sign up our required 40 customers, that's 200 customers. Level one, you are already half way to market saturation.
But, if the market and the number of people you could call were huge numbers, then, you could go to a higher level.
I think we got a dollar per customer per month. At level two , we get a dollar and a portion of #1 level's gross. I don't recall the actual numbers. Of course, if you are level two, you are getting a little from each of 40 people below you. Level three, well...soon you are getting hundreds of people below you, all paying a little bit.. Then ...finally.. at seventh level, I guess you get to wear a gay looking suit and stand in front of a jet...which is what these two brothers did, endlessly, in their glossy magazine . They did have some legal problems also, of course.
STILL...the product they were selling was fine. But the marketing of that product was classic Pyramid.
Next video: Kitboga involves a MLM manager in 4.5 hour recruitment call.
that would be godlike
haha I would sit through that for sure!
@@IssisP Me too! 😂
Omg yes!!!! 😂😂😂
Do this Kit!
Almost all of their "product" is sold to their own "distributors" , not to customers. The "distributors" are too dim to understand that they ARE the customers of the people above them.
I got tricked into a Amway presentation. It was just me the mlm guy and his girlfriend. He was less than a minute in when I stood up and told him I wasn’t interested. His girlfriend immediately busted out laughing at him as I hit the door.
@ladawg81 haha
@@brendon080909 Shirley you jest
@ladawg81 I wish, she was a cute but unsupportive GF
@@brendon080909 spoken like a true MLM believer and a person with a bit of rage issues. Who cusses out someone on YT? That’s crazy.
@@brendon080909 I’m a wise old owl compared to you and know that anyone that cusses out someone to make their point isn’t a business person with much of a future. It’s almost impossible to change the hearts and minds of people but you can try in a dignified manner. And yes I did notice that not only did you not walk back your comment you double down with a insult of me being overly sensitive. Do things enough and it becomes who you are.
99% of the members lose money and show up to events to listen to the 1% who take it all. Truly genius
Sounds like religion
@@xxxradicaldreamerxxx Nooo!!! I wanted to write this...haha :)!
It is 0.3% not 1%.
It is worse than literally gambling.
Oh and MLMs are worse than pyramid schemes.
@@patricklinford689 What's the difference?
@@typo691 In one of them, you lose money outright. In the other, you end up with some trash so you don't feel so bad. :D
"I would pay hundreds of dollars to join a company like this"
Or yknow, get a job where your Boss Pays You instead of the other way around.
mind blown
Yep! In fact she probably did actually pay hundreds of dollars to be in that business
Is she even listening to herself
I have so many women who pop up in my inbox with a “hey hon” or “hey girl” ready to recruit me for their mlm. Most of them I barely know and met in school or once upon a time and they never check in until it’s to sell their garbage. Especially since I got pregnant now there are so many “work from home opportunities “ for me. Eye rooooollll
Beachbody 💆🏽♀️ All. The. Time.
Huzaah, a woman of culture
All I get is "yo, you used to be pretty good with computers... can you steal a facebook account? I'll pay good money."
Hey girl, I have an opportunity for you.
Just kidding. 😁
@[CT CCTCGGCGGG] You're right. It is like a cult.
And God said to Moses, “be a Boss Babe.”
😂😂😂
🤣👍🏼
Stop disrespectful to other religious figure
@@aghamohsin7014 It's not disrespectful he was quoting scripture
You MUST do more on the MLM crazies. They prey on people's sense of greed. Please, please, please do more!
And on people's desperation, too. Poor people who are struggling to survive often get sucked in thinking they can make enough money to no longer struggle...and they are the ones who get taken advantage of.
Also, sense of desperation. Some might not even be thinking greed. I was tempted strongly to join Plexus. I couldn’t afford the starter kit. Plus I couldn’t sell water in the Sahara. “But this product sells itself”
Definitely desperation over greed.
Greed? You do realise some of us don’t have a lot of money. Looking for a way to help your family doesn’t make you greedy.
Did I Ever Tell You yes some of the people you are talking about are a bit too trusting. Their overall positive attitude and desire not to be sucking on the teet of welfare drives them to want to do ANYTHING but to be one of the generational dredges on society who feels lifetime welfare is a right. It’s sad that people take advantage of one another especially in that part of the LDS community. I almost got sucked into Amway. Trust me I know what they do and they take advantage of people who just want a better financial life by working for it.
I would totally binge watch all your MLM deep dives... just sayin
Me to
Me too! 🙌🏻
🙌🙌🙌
Me too
Me too
As long as I can watch Kitboga bait scammers while sitting at home everyday, things aren't so bad.
Well at least waiting for your nurse for 3 hours for a glass of hot water is bearable watching Kitboga and other baiters. Stay safe.
SouthSide Chicago ☆ Who Sits at Home?
I always need something at the store, except when a hundred stupids are lined up, then I find the Dollar Store Empty with Full Shelves. Riding the Bus & Bike A LOT!!!
Yep
Southside chicago and has an irish flag
Hell yes! Watching his videos make me happy during these tough times. I binge watch daily.
Trying to recruit a friend into an MLM is a great way to end the friendship. It's like a cult.
It's not like a cult. It's actually a cult
One of my former friends recently learned this trying to get me to join her scamway team
@@austindotson844 haha me too it was SCAMWAY
Thrive
@@austindotson844 I love the name. I got sucked into this BRIEFLY, many years ago. It was Quixtar, online Amway, and the people were fake nice. I've never followed herd mentality. They wanted you to come to the meetings every week, then stay for the "tool room" where you bought inspirational books and CDs. The money went to my upline. He even told me that I was not trained correctly because HE was not trained correctly. He told me that there is no way you can lose money. Oh yes there is.
I still carry the Quixtar card in my wallet in case someone comes up to me with that famous line "you look farmiliar. Would love to see what these Am Scammers are doing now.
Imagine if the cashiers at walmart spent the entire time attempting to convince you to become a walmart cashier, lmao. Not only that but the cashiers had to PAY walmart in order to be a cashier, and then they convince you it's a great idea to PAY to become a cashier yourself. Utterly ridiculous concept when you look at actual stores a businesses and apply it there. No one should be paying to work a job.
I agree that almost everyone who does this ends up losing money. However the concept itself is kind of brilliant. Your example includes someone who has a boss and has a 9-5 job. However this 'opportunity' gives you the freedom to become your own boss. So just like starting your own company costs money, this does aswell. If the concept wasn't brilliant, this wouldnt exist.
iirc Spongebob pays to work at Crusty Crab.
thats a hella good comment
The internet can make turds💩 look like gold👑
Walmart cashiers earn money at least lmao. And these people think MLM's are better option than being a cashier
It's easier to fool people than to convince them that they have been fooled.
Mark Twain
"How easy it is to make people believe a lie, and how hard it is to undo that work again!" - Mark Twain, Autobiography of Mark Twain, Vol. 2
Though I don't expect you to be convinced that your version is inaccurate. ;)
@mehazad rahman It was a joke.
But any advice on how to undo it my dad has been in amway for about a year and ive tried to get through to him that hes been fooled but he doesn't want to take it.
Is there a way to fool someone into realizing that they were fooled?
Fool fool fool fool fool... I said it too many times now it sounds weird!
He lost a fortune "investing" in a automatic typesetting machine scheme. Refused to invest in the telephone, but couldn't walk away from the machine.
I remember my boss in my previous job kinda forced me to join Amway. He was found guilty of fraud and went to jail a few months after I left his employment
How to alienate friends and family: Get involved in an MLM
Ryan Weston Lololol!!! 🤣🤣🤣🤣
Best comment and so true!
So true. Remembering few ex friends now. They were nice guys/girls before joining MLM but now, even if they had quit, we won't ever be friends again.
It's like putting a sticker "I'm a stupid person, please stay away from me" right on your corona mask.
Dududu Bro, no one cares. No one in these comments is going to join your downline. You’re just trying to keep up your own delusion, scamming others so you don’t feel like you yourself were scammed.
Nothing is more disappointing to me than when I see family and friends posting about Herbalife or essential oils or their other bullshit on social media.
I seriously appreciate that you took the time to do this video! More people need to know about this. It hurts me to see my friends and family being taken advantage of. 😔
I got invited to a "rally" of a local MLM company, and I went for shits and giggles knowing I wasn't gonna sign up for anything.
I tell ya, it was like a straight up cult over there. They also harass you into signing up, I had to say "no" like 10 times before I finally went "you know what I'll think about it" and they let me go. I of course ignored their calls the next day and blocked the number lol.
My wife and I watched one of those at a hotel a few years ago. We were just passing by the conference room. We were NOT part of it. The people were clapping on cue, and I immediately recognized it as a mind-control technique. The "leader" was also making them say things in unison on cue. VERY CULTISH. A guy inside saw us and came out to ask us if we wanted to know more about it. I asked, "Is this Amway?" He smiled and cheerfully said, "Yes, it is!"
Lol dude my dad warned me about the harassment and told me they're gonna get you to sign something. I actually got invited to a "seminar" but after talking to my dad, I decided not to go. I was so gung ho to go to this thing too! He told me how I was probably going to get harassed and after hearing what you said, I'm glad I didn't go!
Got dragged to one when i was 16 in 1996. It was at a literal evangelist church except God was Supplements and water.
They played "Ferris Bueller's Day Off" at one I got suckered into. They know lots of people hate their jobs and exploit that. Waste of time at best.
@@vict0ree got dragged into it at 16 selling kitchen knives. I still have them and it's 20 years later...thank you Cutco
I was offered a “job” selling steak knives like this. Wasted two hours of my time, and since I was the last person in the room.... I stole their knives.
Vector! I remember them.
Cutco?
@@robswitzer8334 Cutco? I had a friend who got involved with them. She called me in tears begging me for financial help. Was hard to say no. She eventually "bought her debt" with a credit card and then cancelled as soon as her cash payment was released to her.
@@comkver they don't have to be "remembered." They are very much alive and continue to prey. A former student who graduated from my HS two years ago got deep into Cutco for a few months before she figured out that it was a scam- she sent me an email asking me to buy a $899 knife set.
Lmfaoo
Many years ago my then-girlfriend's sister tried to get me involved in MLM. I am not going to name the company, but I'm sure you can figure out which one it is. (It's the one everyone hates.) It was an intense hard-sell. At one point she asked me to meet her at a restaurant so we could we could discuss her sister's upcoming birthday party. Instead, she wanted to talk more about MLM. She even brought one of her MLM friends to try to convince me. I asked about the products they sell, but all they wanted to talk about was how much money I could make. I wasn't interested, but I got a free meal. She asked me not to tell her sister about our conversation, and I felt bad really about that. It felt like I was cheating on my girlfriend... with a MLM. Anyway, I finally told my girlfriend, and she got super mad at her sister. Apparently, her mother had been recruited into the company, and then she recruited several family members, and eventually everyone kinda started hating their mother. When her sister tried to recruit me it reignited the whole mess all over again. A year later I was approached by a guy at a restaurant who asked if we could meet the next night to discuss a "powerful moneymaking opportunity." I instantly knew he was talking about that same company. But, I played along, and I got another free meal.
The one that everyone hates? Bruh, ALL of them are hated by anyone who is not brainwashed.
Bruh . I felt you... I have many friends that felt and hit real hard on that crap .. my mom has Herbalife and literally it to her life out. My bestie enjoy Amway. She buy tons of products that No one buy them I try the shampoo and my hair felt out a "energy drink pills" that all they do was fucking get me drawsined and my heart speed like s mustang.... Now I'm currently diversity with a guy that Al he said is watch my presentation and I'm gonna convince you that our company not a pyramid .. but yet invited more people your friends. our membership Start 25per months. But for you I recommend you to start with 100$ so you can make more and the more you invite the more you you you are going to make. So Are you ready to enjoy my group? Ehh nope but can you repeat it all over again?? 🤣😂😂😅
Challenge: Get obese just on free meals from MLM promoters
Was your free meal a Herbalife shake by any chance 😜
Was the MLM Facebook?
Nevaeh's carrot oil franchise won't make me a millionaire? I guess I'll just invest in stonks then.
Gnome Party better start investing in USoil!
Bro, I just bought a Porsche with my stonks dividend.
Buy some Bitcorn bro :)
MLM:
Money Laundering Moms
Riley McMorrow Thank you for this, Riley
Riley McMorrow BOOM CHAKA LAKS
This is pretty much the definition of mlm.
"No, Jim, it's not a pyramid scheme"
- Michael Scott
*Draws perfect triangle*
first thing i thought of lol
@Monicud 😂 same
@Monicud Same. S. 02 Ep 02 :)
@@tktru "...I have to go make a call..."
Fell for this 3x in my life and finally woke up!! My monthly requirements were always $100+ so staying active as a consultant costing me $1,200 per year. Products were ALL overpriced and difficult to sell or even get people to sample.
MLM !!!!!! Gets the economy sick on false mlm traffick! WE are all prey! On ourselves!
Me too 100$ but I just sell product and thats it, 100$ in pocket!
Sadly people still fall for this, despite it being a known scam for years.
REexpert44 it’s because it mostly targets women pretty much literally 99% are women, this really targets a very specific meet female audience. This is meant to cook basically frustrated poor or middle-class stay at home moms into some fantasy about making more spending money so they can buy some nicer things and spend more money at the beauty salon and look better than their friends. This is obviously not targeting actual professional ladies-after or men particularly. This is about getting married women with kids who don’t want to have to work that hard and go out to think that there’s some magical way that they’ll be able to make a serious bank from sitting on their ass drinking smoothies and talking to their friends while the kids play
Everybody hotly disputes whether or not MLMs are pyramid schemes or not. I always believed that they are one and the same.
I think this is changing with younger generations, so in a few years will hopefully be less of a problem. Currently at uni and leaflets for an mlm were posted around my accommodation, and were immediately flagged in the group chat as being a scam
@@zararoyce319 You are wrong, in my country is almost majority of mans, they just change the product....have one here now is selling sollar pannels almost 90% of mans who say they are "bussines" mans. I think is the product and audience, they focus in diferents audiences in diferents countries, for me is a shame the people enter in this scams until today.
Anderson Santiago so it’s not wrong... it’s just different for your country
The best way to become a millionaire in mlm is to start with 10 million
This is true
Too bad to be wrong
if you are one of the first you can actually be rich
@@miso-ge1gz The best way to make money in a pyramid scheme is to be the guy who started it, you got it.
@@jeffwells641 but then it kind of helps to either have no soul or be a sociopath
Kit, please continue to delve into this topic, as well as online scams in general. I know you've done some cash-flipping scammer calls, but I think a detailed breakdown of the scam would help a lot of people.
Anytime, any statement starts with
“It is life changing”. I’m like move on..
Break down those companies, my man. I couldn't get enough of that.
"Our product is so good, we can't sell it in stores!"
In a pyramid scheme, it's not just that most people end up in the bricks at the bottom - most people are actually the grains of sand crushed underneath the bricks at the bottom.
HA jokes on them. I'm immune to their schemes. Can't ask friends to join if you don't have friends in the first place. Antisocial ftw.
anitasocial for the vvin
High five!
🤣🤣 sad bro
Same, I only have two friends 😂
“HA! I’m antisocial! Look at me, I’m antisocial! I’m antisocial, guys!”
And then the internet was cut out for 2 seconds and Adam AIM was found hanging from the ceiling.
Perfectly alive, not hanging from a noose. Just hanging from the ceiling with both hands because OOH AH MONKI OOGA OOGA GAGOOGA OOH MONKI
22:21 "It's realizing you're a boss babe, whether you realize it or not"
wat
lmao
GrapeHate I read this comment randomly as she said it. Nani
This line is pure gold and so satirical funny that she may haven’t even realized what she just said. Could be from a SNL og Monthy Python sketch.
@@FlyWithMe_666 She didn't realize it, whether she realized or not.
You should do a video on Primerica. My old friend is caught up in it and thinks it’s not a pyramid scheme. Now he’s lost all his friends and is posted random “encouragement” quotes on all his social media’s
It is horrible primerica is ruinning my relation with my mother in low becausecshe is pretty sure it is no a sheme.
I had a friend who joined Primerica and told her it’s a scam and that instead of talking about the business opportunity, I told her we should talk about us being together. She barely ever talked to me since then.
Why does EVERY MLM hun post that BS!? 🤣 they’re trying to convince themselves lol
Yeah the trick to a pyramid scheme is to get in early baby LOL
There's high risk to get in early. The trick is to be the founders and brand ambassadors
You guys want to be the founders of one? Lol what do we need to start.
Jim: This is a Pyramid scheme.
Michael: No it's not.
*Jim draws a triangle on the blackboard*
Michael: I have to make some calls.
Exactly what I thought of when I clicked this video. 🤣
No it’s a profit cone
Sayree Games ...no, it's a tetrahedron of profit.....
Yea, but YOU are not book smart AND street smart as Michael is!
That said dont teach him on what he knows best! Btw he also has assistant
-to the-
regional manager!
Any ordinary company is a pyramid scheme. CEO > Director > Managers > Supervisers > Employees and no way you will get more than the one above you, and no way the ones above you will let you get at their position so easily
In MLM you actually can get more money than the ones above you depending on your own efforts. Where's the real pyramide scheme?
Whenever I have a friend who starts to sale these type products, my first question always is: if they're such good products and they have been around for so long, how come we can't find them in stores? Is it because they make money off of you and not the products?
My mom was going to join in something like this because she wanted to earn more money since she was a single mom and was layed off with her job since the contract ended with another company anyway I always had a bad vibe like it was a scam I went to some meetings and they said your going to get some list of names and addresses of people who (I forget) and you go to these people and persuade them to buy or register for something and for so many people you earn so many points and you get to go to trips one was Thailand,Las Vegas etc. but you have to learn courses and how to grab the customers attention...OMG THE SKETCH DRAWING WITH THE MONEY IS SOOO F***** TRUE THEY ACTUALLY DID THAT ON A WHITE BOARD IM NOT F**** KIDDING,yeah I knew it was a sceme they were so passionate,said thier sad stories,we're over caring not just that but we didn't go for some meetings and they kept asking if we were going to go since then my mom didnt join 🤣 lol scammers I knew I just didn't say anything 😂
they will always explain that with "by direct marketing we save all the extra costs for advertising, store margin and what not".
I wonder why extremely popular products (not judging the quality but the success) such as the apple stuff, brand cosmetics, household products ... are still sold in stores (online or offline) - the producers seem to like to waste money every month ^^
Actually the MLM products are either pricey crap or pricey ok-products - but still pricey and for most of them you can find cheaper and better alternatives in stores.
"It's not a pyramid scheme...its a triangle of opportunity"
Like the Bermuda Triangle.
I’ve seen so many girls join this and then post on Instagram, Twitter, etc about it and trying to convince their friends to sign up. It’s a very tragic cycle .
My former employers (I was a housekeeper/child carer, got on the Herbal life thing. The kids told me “Mum and Dad say we don’t need to eat breakfast anymore, just drink a shake and take a pill! The boy ended up at the doctors with severe constipation. It honestly made me weep. Needless to say they did not recruit me!
"you're a boss babe, whether you realize it or not" and "God has a plan for you to do weird things". Hmmmmmm
The way they invoke God is sickening. "God has a plan for you." "Jesus blessed us with an opportunity." May God have mercy on them.
Every DM on Instagram that starts off saying “hey came across you page and I love your feed!” I reply “ no I’m not interested in monat” 🙄 that’s literally how it starts
Hey I came across your comments in TH-cam, interested in making lots of nothing doing nothing? Lol
chuba meren I’ve got a great opportunity for you.
*money
"hey came across you page and I love your feet!" is much worse, but you could possible make some money in that way...
Lol i block em
Pppllleeeeeaaassseeee deep dive into the MLMs and their “compensation” plan! Great job on this video Kit!
When going to an MLM party ask them if they have the income disclosure on hand and then when they say they will send it to you privately tell them to share publicly. BTW this is now my new video I am going to link to in all the MLM parties on facebook I am sent. Break them all down Kit :D
Please do Jafra and Mary Kay. One of my family members lost everything to these companies and is still in debt. Thank you.
Kitboga, can you also talk about those 'self-made guru' ads on TH-cam who try to sell 'lessons' on how to make a fortune. They are pyramid schemes. It started with tai Lopez but now it's more prevalent.
"If you only give me five minutes of your time I will tell you why none of those really work and I will share 5 tips in my webinar and you will be a successful entrepreneur and never have to work a single day of your life!!!!" 😂😂
I just saw an add, this guy as made half a million dollars in the last 3 months selling one product.
Now the nice man what's to show me how to do it.
If I made 500k in 3 months, the last thing I would be doing is telling people how I did it because I would be too busy traveling the world
I used to have an internship for one. All of the content he produced to give out on his social media’s were all bullshit and I would really like to see Kitboga do something on that
Hong Shen it’s not a pyramid scheme but it is sketchy
And don’t get me started on those megachurches!! Wow! 😡
WHAT DO WE WANT?!
MLM specifics!
WHEN DO WE WANT IT?!
Now!
Scammer: “Just wait a moment.”
... first click on run.
It is an important video, great job. MLM is always a bad idea because it doesn't incentivize selling a product, it incentivizes pyramid recruitment. The products are just for a legal defense.
It's sad that pyramid schemes have been around so long and have lived so long and people STILL fall for them! I know it preys on people who want to work on their own terms and that people pressure you into them but honestly, I've had a friend ask me if I was interested (we haven't talked for a few years) and I just told him "I'll get back to you on it" and never responded again. It was Vector Marketing lol.
It's like how people still falls for the refund scammers. Everyone should know that anonymous phone call or popup about a virus infection probably isn't real, and it's definitely a huge scam if the person demands gift cards as payment.
befru of course that same absurdity is the strength of these strategies. The only people likely to respond to this kind of thing are also the most likely to fall for it.
The greed on people, poor gullible desperate people.
I remember getting a phone call from vector marketing a long time ago. I think I was in middle school, I just answered the phone and it was some random person trying to get me to buy knives or something.
“It’s not a ‘pyramid scheme’! It’s a ‘reverse-funnel system’.”
Rex Haus PRODUCT!
"Oh yeah? Turn it upside down."
@@dinosaurinatarpit7394 oh GODDAMIT Loloool
Or a dimaryp system
Wait, where do I put my feet.
Dating myself but here goes:
Back in the late 70's, I became an Amway associate. I liked the products and was NOT looking to become rich off others. I got a couple of people to join and they did OK. I moved and the "up-line" wanted to charge me ridiculous fees for shipping product to me that I quit.
Fast forward to the 90's. I am attending Community College when a classmate wants me to hear about a great MLM program. He asked politely and I asked if it was Amway. He wanted me to hear the pitch first. It was Amway. As a matter of fact, it was the same up-line that I had been a member of before and these people knew NOTHING about the leaders of the line. I had personally met them and knew a lot about them.
This new group was TOTAL MLM, didn't even refer to sales, knew very little about their products (except trying to sell Credit Cards and Vitamins). I asked to see their cleaning products and they had NONE of Amway's products. I asked how they sold it if they did NOT use it and they said they wanted to make money.
I ended showing my friend how to demonstrate the products, suggested that he use them, and if he wasn't convinced in the products, to stop trying to sell air.
During Hurricane Fran I saw a friend I had not seen since high school. The storm was eight hours away, and my wife and I were scrambling to get some bottled water and whatever else we could find. The wind was blowing, and the rain was coming down hard, and in the middle of all that craziness my longtime friend tried to get me involved selling long-distance phone cards. I asked him, "Are you f*cking kidding me?" I promised him that we could discuss it later, but at that moment I really needed to take care of a few more pertinent things, like getting back home before the hurricane hit. We exchanged phone numbers, and a few weeks later he called me. All he wanted to talk about were his damn phone cards. He didn't want to tell me about his life, and he didn't want to hear about mine. All he wanted to talk about were those stupid cards. Finally I told him, "It would be nice to get together for a beer sometime, but I'm really not interested in selling long distance." And, all of the sudden, my friend of 15 years no longer wanted me to come over and "grill some burgers." He seemed angry. I was really disappointed in him for that. We have not spoken since.
As a marketing masters graduate this stuff makes me cry.
Not only that, you got a Masters & you caught up with this scheme. I got me a AA.; back in 1973 (Amway kit 65.00) and woke up earlier! I was 20! Happy as a clam! No regrets! Its like white water rafting. No let up and you have to be on your toes!
Multi level marketing made me abhor the word “opportunity”
What is funny about this is that You Tube has played several ads like this before and during your videos.
I've joined Forever Living Products back in 2010. Well...I literally lost all my friends to this day, I've lost thousands of $$ and as an introvert, it was a struggle recruiting anyone at all. And our local health store sells the same 100% Aloe Vera stuff for literally under $10 instead of $40, so no customers either. They made those massive conferences and I had to keep buying products for $250 every month. Lots of brainwashing.
"Just turn your brain off and do wierd suff "
# Boss babe
Just like tech support
I live in Nashville, Tennessee and we have a lot of convention space here. We have several big MLM conventions each year and I get to speak to a bunch of them as an Uber/Lyft driver. It is both sad and entertaining.
They will usually tell me that I look like an entrepreneurial type and the flattery just comes pouring out. If flattery were yellow it would appear that I was wearing a monkey vomit costume.
@Chad Kneller That's a good point but when those compliments come immediately after an MLM pep rally I wouldn't hold my breath that it is genuine, rather it is an expression of someone on a mission.
Chad Kneller which MLM do you work for? I’m actually curious.
Before I started a business, I had to browse through job boards for a job and got contacted by MLM scammers by email all of the time. If you're job searching, please DON'T use Careerbuilder or Monster because all you will get is spam from these thugs and if your resume is posted on there, take it down now. Please don't fall for these MLMs and if you want to start a business, do so honestly (don't start a business using MLM). They will always try to goad you into joining, anytime you have questions or concerns they will just tell you there's nothing to be worried about; DON'T believe the lies!
Christian Gonzales “Better is a little with righteousness than great revenues without right.”
Proverbs 16:8 KJV
Omg.. Im still get a few scam email after 4years from using monester and the scam calls where ridiculous! Never again will i use monster indeed any job search place like that again they sell your number senior information
If you fail they always tell you it’s your fault too. Whether they come out and say that. They say things like “ if you worked harder” or “ you just don’t work hard enough”
@@christalvanlear9314 I hate that. Seriously, what kind of leader puts people down like that? The people at the bottom of the pyramid put in most of the work while the people at the top get all of the cash. What's worse is that they tell you that you are an independent contractor yet they set the rules for you like an employee (this is illegal!). This is especially true for pyramid scheme insurance companies, who spam every resume posted publicly.
I made the mistake of putting my resume on Careerbuilder while I'm on furlough. I deleted my account two days later, and even today, weeks later, I'm still getting emails and calls where 90% of the time the email/caller doesn't even specify what the name of the company is that they're supposedly recruiting for. And this is despite my account settings being "companies may not search for me" prior to deletion.
Yes, Kit, make more videos about specific companies because they all deserve to be called out. As always, you will be providing a public service.
Back when I was a teen, we actually had a MLM speaker come to our school to recruit us. Naive me was pretty stoked about the whole thing, but when I told my family about it at the dinner table, my dad was like "Yeah, no. They are just ripping people off.", which ended up saving me a lot of trouble - some of my friends actually enrolled and ended up working a lot, while also losing money.
Knives?
My mom was going to join in something like this because she wanted to earn more money since she was a single mom and was layed off with her job since the contract ended with another company anyway I always had a bad vibe like it was a scam I went to some meetings and they said your going to get some list of names and addresses of people who (I forget) and you go to these people and persuade them to buy or register for something and for so many people you earn so many points and you get to go to trips one was Thailand,Las Vegas etc. but you have to learn courses and how to grab the customers attention...OMG THE SKETCH DRAWING WITH THE MONEY IS SOOO F***** TRUE THEY ACTUALLY DID THAT ON A WHITE BOARD IM NOT F**** KIDDING,yeah I knew it was a sceme they were so passionate,said thier sad stories,we're over caring not just that but we didn't go for some meetings and they kept asking if we were going to go since then my mom didnt join 🤣 lol scammers I knew I just didn't say anything 😂
What kind of school lets a MLM come in to try to recruit teenagers? Lol
I'm glad you were smart enough to listen to your dad. A lot of teens I knew growing up would have ignored that advice.
I'm going to share this to all the people I know who are Amway recruiters. They're so convinced they're gonna be rich. I spent almost a year involved with this MLM just to see for myself how it worked. Thank you Kit!
Well, Amway itself as a company do have some good products. My mom is a member just to consume some supplements, and buy some household products, she never bother to sell or recruit anyone.
@@TheLifelongdream no they don't, I've been around the people who do that for last 20 years,those products don't work and people who sell them turning into zombies after couple of years. They keep convincing themselves it's gonna work one day,no it won't. Get out while you can
It took a year?!
@@mock-m8830 I wasn't buying into it at any point but I wanted to see for myself how they operated. Plus I was like 18. The products themselves seemed alright but Kit is right they don't push that, they want you to recruit people more then anything.
Yes, and did you make money? I did when I did it for a year.
I was nearly caught back in the 70s with a similar scam. Luckily I heard of one person just getting a box of documents that sold absolutely nothing, or had they anything to sell. Notes on how to do this that and the other. Fee to join was somewhere in the region of 50 pounds, and if you got someone to join, you get 20, owners get 30 and so on. Pure con.
“When your mood is ‘down,’ call your upline. When your mood is ‘up,’ call your down line.”
Sell the hope not the soap!
@@estellegetty1995" you're in it for the long haul!"
@@MichaelDJTan but also "retire in 5 years!"
The fact that they use religion to coerce people into their downline hoo boy I'm Mad.
It has been a feature in Amway and Amway shows for their "distributors" from very early on. They know that the connections people have there are some of the most likely to pay off. By the way, one of the same families that originated Amway was also behind Blackwater--the private security company that generated a behavioral nightmare for the US in Iraq. Maybe that shouldn't be very surprising.
why? Religion is also scam.
You know where is the problem? "You are going to statistically fail" - but everybody who takes part in it truly believes that they are special and yes, 99% people fail, but not them, they are hard working, talented unicorns. You will not be able to explain them until they will go into deep dept.
"hardworking, talented unicorns" is probably the best way I have heard someone sum these people up.
What's deep department?
Believe me some people will be saved of doing this stupidity just because of this video......I know I won't get recruited or my loved ones and that right there is a win for me already 💪
Too often people look for ways to get rich quick. Somehow it makes too much sense to work hard, pay your bills, and invest the remainder. And, somehow it makes too much sense to do the required market research before starting a business. Some people at my church started a coffee shop several years ago. They were nice people, and they had an ok product, but they had a lousy location and ZERO branding. They also had ZERO experience. They got laid off from their IT jobs and sunk their savings in a coffee shop. Their business didn't stand out in any way. They just assumed people would want to go out of their way to drink their too-strong coffee and eat stale pastries. It didn't last long. I just pray they had a short-term lease on their location.
I have a question, other than the initial cost, how can it cause debt?
I was in Amway in the 1980s. I spent hundreds (in old money) on seminars, books, tapes, products and gained nothing in return, except the contempt from my friends and family who either got involved and lost money, or on Amway's insistence, had me replace all their household cleaners with Amway products. Amway? Scamway!
Those who pray on people’s hopes make me sick.
i pray you meant prey :)
Warning sign number 1: random stranger starts talking to you and lightly prying for information, eventually inviting you to a meeting that they're having at the hotel you happen to be staying at. The meeting they're inviting you to is supposed to be about products, but they spend as much or more time talking about how much more money you can make by recruiting people than the products themselves.
Warning sign number 2: they market it as "your" business. Any time that someone tries to sell you THEIR business as "your business" or talks about "being your own boss," you can bet that they're pitching you some kind of MLM scheme. They are essentially trying to tell you that your success, or more likely failure, is the result of how much work YOU put into it, not because it's a broken business model.
Warning sign number 3: the products they show you are unremarkable and mediocre. They'll give you free samples and talk them up, but when you examine them in an objective light, these are just different brands of products you can buy off a store shelf. They also probably won't tell you anything about price, because the last part of the pitch is where your money comes into the picture. In order to sell the product, you have to buy it first. See, that's the trick: they sell products by "giving you a business," forcing you to buy products to sell, and then you have to turn around and sell it to someone else in order to make any money. So the person who signed you up gets credit for your entire initial order and you're left to sling it onto other schlubs to try to make money. This won't work, of course, because the products are mediocre and overpriced, often from a brand that nobody recognizes. This is why all of the people who have "been with the company for so long" don't ever sell shit, they just show up to those meetings and talk about how great it is to be making so much money selling these wonderful products, because they have dozens of other saps they've signed up beneath them who are desperately trying to unload this crap any way they can.
Warning sign number 4: they give you promotional materials to borrow, like "here's an audio CD from our big company gathering from last year, where person X gave his big, wonderful speech about blah blah blah..." I actually felt bad about this one, because the guy seemed really nice and it took me a couple of interactions before I realized what was going on, so he lent me several audio CDs that I listened to for about 2 seconds before never touching them again, and I wanted out of this uncomfortably high-pressure situation so badly that I never gave them back to him. Obviously in order to get that stuff, you have to BUY it. So not only are you buying the crappy products, you also have to buy the marketing materials you use to sell other people on the idea.
The obvious question that anyone who thinks about it for more than 2 seconds will ask is "If everyone were to sign up for this type of thing, then who would be left to sell the products to?" Don't be silly! You're not supposed to think about it, you're supposed to just sell products and sign more people up so that you can make even more money while selling fewer products! But that's exactly the problem with an MLM scheme: the more people that sign up, the harder it is for newcomers to make any money. Meanwhile, the people closer to the top continue to make money money without having to sell anything, which means they're not spending any cash on the products, either. So they reap all of the benefit of any sales and newcomers that everyone else is working so hard to get.
And the fact of the matter is, anyone with a hint of knowledge about MLM schemes is going to sniff it out immediately and stay far, far away. So not only is your potential monetary base constantly dwindling when the scheme is actually working, but in reality there are far fewer people who will be willing to even give you the time of day in the first place. Getting 5 people to sign up for such a scheme is going to be REALLY hard, and you probably don't want to use friends and family because they're just going to resent you if they happen to be stupid enough to go along with it. In fact, if you're already part of an MLM scheme and you can't get any customers, your best bet is to just stop immediately and cut your losses. At least that way you won't keep wasting more time and money on a hopeless endeavor that will likely never make you a significant amount of money.
My experience occurred back in 2008 when I was walking into my hotel room (on business) at 12:45 AM when some well-dressed guys were having a chat in the lobby. I don't remember how the conversation started, but I didn't want to be rude, so I talked with them a little bit. Of course, they vaguely started introducing the company and mentioned they were having a meeting the next day and invited me, I think they might have mentioned free samples or something. The company was called Quixtar, which is what, I later found out, Amway had changed their name to because of negative PR. I never got to the point of finding out how much that shit would have cost me, but it quickly became clear to me that even just participating in it would have cost me a significant amount of money that I would likely not be able to recoup. These schemes really are a scam.
I networked for 6 years in Italy, reaching an important level but then I left because it was a world full of untruths and lies. 1 earns 1000 forgiveness .. sucks to be ashamed of.
I networked for 6 years in Italy, reaching an important level but then I left because it was a world full of untruths and lies. 1 earns 1000 forgiveness .. sucks to be ashamed of.
TL:DR
@@dallasdandigitalproduction393 I don't care that you didn't read my comment, nor do I care that you thought it was too long. But I must say, I'm absolutely perplexed by your apparent need to communicate those things to me. Do you honestly think I don't already know that some people don't want to read such a long comment?
The sunken cost fallacy keps people in when they have already invested significant amount of money.
I made a mistake long time ago and went to Amway gathering. I just lost my job and was desperate to make some money. Speaker was very good and I sign up. I took money from my mom and investing in to the products. I try to involve several people, went to every "event" , but did not got any return. Soon realizing that this is a pyramid, I went to the people I recruited and told them, I am sorry to ask you to join this company. I did give them money back. Actually timeshares the same thing. Scams!!!!
This is not specific to America. I was almost scammed like this in Russia. Got a call from a guy who I didn't talk for years. Suddenly he wanted to meet and do business with me. Yeah, we barely knew each other, but let's do business together all of a sudden. I tried to talk him off of it, but he was like a zombie, just didn't listen. Couple of years after he realized it was a scam, but he already invested a lot of money into it. He had to sell his bike and his guitar to buy their product and never sold anything...
If anyone is interested, there is a really good podcast called The Dream about MLM’s. She interviews a lot of people who tried pyramid schemes and it’s super interesting
Tony Facchini thanks! i’ve been chewing through podcasts like crazy during the stay at home order. always looking for new ones now.
The second season is about the wellness industry in general, and is a good supplement (haha) to the first season, since there is a lot of overlap. I highly recommend both seasons.
Spruce Mouthman welcome to nightvale is an interesting podcast (it’s on TH-cam)
One thing I love is how they never say the company's name, almost as if it's protection from legal action.
Never trust any opportunity that requires you to pay money.
I have to agree.
Not always the case, things like professional certification courses, specific courses (something like "Introduction to Python", etc.) are good opportunities for career progression that usually cost something.
@@Satnavtomington Those sort of courses are closed off to the public usually or are at least sponsored by related affiliates for insiders. Usually they exist for the sole reason of socializing, not actual information. Not saying you will never learn anything, but information that makes money is not going to be announced to the public. Ever.
I think you need money to franchise anything or for any business.
What are you talking about? I'm just waiting for all these Nigerian princes to get back to me and then I'm gonna be a millionaire!
I must say, there are a lot of princes in Nigeria, though.......
I worked for the home office of three different MLMs specifically in positions where I would "coach" people on how to grow their business or reviewed their commissions. Seeing their paychecks, I can confirm that you CAN earn a lot of money doing these types of "businesses."
However, there were very, very few who reached those earnings. Those who did only get to where they were because they were some of the first people to join and advertise.
Some of the stuff they had us "coach" our consultants on was crazy. The things the companies say or do is so sketchy.
I discovered your scam baiting videos because I found this video while binge watching anti-mlm videos. Now I’m binge watching your scam baiting videos. I would love more mlm videos, but it’s all good stuff.
Thank you for putting this video up! I hope it will help others! After I graduated high school, I tried selling Avon, because a friend suggested that I do it. And I kinda needed the money, so I tried it. I thought it was weird that I had to buy all of the brochures, but I did. I'm not the type of person to ask my family or friends to buy from me, so I went door-to-door distributing all of my brochures and hand-outs. And I did not get a single order. I then did the math and realized I would have to sell about $1000 worth of product just to make up for how much I spent on the brochures and hand-outs... unless I was able to recruit others. So, I stopped.
People in pyramid schemes are always so condescendingly ignorant. They're so desperate to get recruitments they'll make you feel like shit for ever doubting them. I rememeber back in highschool one of my ex's called me about a "buisness opportunity" that I would be great for and was super vague about every question I asked. She told me to just come to this meeting and a guy will tell me everything. Me being young and knowing nothing about pyramid schemes I ended up going to the meeting with her where this huge douche bag comes in and basically tells us about this buisness oportunity where we can party all day and earn money working from home selling energy drinks. The drink was horrible and the guy even said "it doesn't matter how it tastes! It's not as much about the product really". I was so confused what the product had to do with the buisness to be honest. Also he told us he's made 50 grand but had muddy shoes on and a wrinkly american eagle shirt. I knew something was off when the guy was like "you just need to buy 500 dollars worth of energy drinks". If a Company promises you will be successful you should NEVER have to pay them to work for them lmao. I ended up telling my ex I'm not interested and I'll wait to see her success first which obviously she wasn't happy about because that's the only way people make money is suckering others haha. Fast forward months later all my friends around me are falling for it. I had to deal with people rudely telling me I'm dumb and they're about to be rich and I'm going to miss out if I don't join now. They all eventually realized they got scammed but even to this DAY some say that it wasn't a scam but it was too hard to keep up lmao. There's enough naive people out there sadly for "business's" like this to thrive. If its too good to be true it probably is.
It's embarrassing to admit, but I'm sure their finances are making it clear for them.
@@Roc2020 what lol
@@Roc2020 * coughs *
I had same experience but this douchebag was wearing a suit. He talked about how easy the job is, how much he make, parties, how this opportunity is only for chosen ones... (my friend told me to come in this meeting) I didn‘t know pyramid schemes and like you said i also felt something was off. Product was internet shopping at one site. Their plan was to make kind of a mall where you can find all shops in one site. Then he told the starter packet was $900 and i knew something was wrong. I told my friend that i‘m out of this "opportunity" and how i felt about it. He said there‘s nothing to worry and tried to convince me to "get a job" one more time. Couple of years later i saw in news they got these pyramid scheme scammers. They went to jail. It felt so gooood.
@@Roc2020 why you in a scambaters channel?
You know what's the DUMBEST pyramid scheme? Scientology. 😂
Dangerous too.
@@lisaa.4667Yes, but almost no one outside of its immediate circles takes it seriously enough to consider joining for the most part. A dangerous cult, but no where near as dangerous as several others.
Thank you for covering MLM. It's gross, and gets scary and dangerous when combined with cult modus operandi (e.g. NXIVM, exposed last year). As a side note, Kirstin Dunst's 'On Becoming a God In Central Florida' is an underrated dark satire about MLM, and I think does good job depicting how people get sucked in and trapped. Plus, it has gators. Trailer is on YT.
I had a friend who was in Amway. He wasted his life selling the opportunity. I kept telling him, "Dude, just sell me some soap". Cause the soap was really good. I noticed that Amway people can't realize that they're just salesmen. That is all. If they would just sell the dang soap they would have a viable business. Soap is a consumable. Repeat business. But they could not get real. Just sell the soap.
I was suckered into Amway years ago. I remember my upline actually saying on stage in front of a few hundred eager distributors that he didn't care what the product was he'd sell anything at all as everything was really all about 'the plan.' And that, of course, was recruiting people.
He couldn’t sell the soap after dropping it.
You’d think so, but the amount you’d need to sell to make a living is just unlikely to happen without recruits buying sample kits.
Maby have him take a look into Melaleuca. Yearly membership is like $20 and probably like $80 - $90 a month for essential products you already buy. No need for reselling here, just buy for yourself. And ofcourse, if you want the income then yeah you need to enroll people.
I'm not really the type of person that likes dealing with people so I just consume. But someone I know got up to $20k a month. And the top tier dudes are like at the $300k a month and they haven't reached the final tier yet :0
@@Matsuro_まつろ Seriously dude , you going to try and push another MLM on a video that advises againsts MLM's ?
why is your voice so effin' soothing dude?
I’m wondering if those are Lady Boga’s leggings. Good on you Kit. This video has been long awaited and executed beautifully. MLMs are a rip-off.
Love seeing this sort of content from Kit - he breaks things down in a calm, clear, understandable way. This is a video you could send to that aunt you’re worried might be getting sucked into an MLM.
I would absolutely love listening to you talk about pyramid schemes for several hours, Kit.
Thank you Kitboga, I have a close... two close acquaintances that are in those mlm. We warned one of them about that... they brushed us off. I'm hoping your video help them to open their eyes.
Oh boy, the hunbots are coming!
Wow. I knew MLMs were terrible, but I didn't know that a whopping 97%+ of people can't even make any money at all whatsoever with them. Dead god. I definitely did have to "pick my jaw up of the floor."
My wife's mother dragged her into the MLM People Helping People.
Luckily for her I'm not stupid and I pulled her out of that before they could take her money. She gave them her debit card info which I promptly canceled the card. I never let her go back lol.
TehNewParalyzer I was dragged into this scam as well. I got out before it got too ugly.
She's lucky she had you watching her back like that.. I see so many women scammed into this crap by their loved ones. Anytime I see women posting about these products in Facebook groups I promptly show them links to basically the same product if not better for a lot cheaper and ruin their sale. 😂 I have been banned from so many mom groups just for spreading common sense. These women need to find real jobs like the rest of us.
Any mother willing to scam their own child needs to be disowned and have communication cut
I remember John Oliver talking about this on his show a few years back and if you do the math you can only do this 14 times before you exceed the population of the world.
5^14(five to the fourteenth power) just type it in on a calculator
Yes john Oliver did a great job. 👍
@@nathankassab8974 It would still be to the 14th power. There aren't 30 billion people on the planet lol.
Square Zack Let’s say you are starting a pyramid scheme, and you need 6 people to start the pyramid and make a bunch of money. Then the 6 people under you recruit 6 more people each from their own downline to make themselves a profit. The pyramid grows bigger and bigger. After doing this 14 times over, you’ll be at a point where you reach the population of the earth (ala no more people to add).
@Square Zack It's called EXPONENTIAL growth. Start with a simple number - say "2", then double it to 4, then 8, then 16, then 32, the 64, then 128... and so on. Keep multiplying the next number by 2 (doubling it).
If you do this with 5, then 5 to the power of 14 = a bigger number than all the people on the planet.
I keep getting ads from these MLM ladies.
thank goodness I joined r/antiMLM or else I’d probably fall for it..
Try being a mom in mom's groups on social media. Tons of people who "just need a mom friend" are lonely at home, etc. So, to be nice, you friend them...in come the posts about how some product or business changed their lives...sigh. Bye.
Be aware as you grow older and get ready to go to corporate network events, there are guys and gals still hunting for people to recruit in a MLM/pyramid scheme.
I've seen people involved in these get hostile and bitter towards everyone who refuses to get involved near the end, when they're in worse financial state after all the work.
If the product your trying to sell is on eBay for $0.10 on the dollar, you’ll fail.
MLM Promoter: 99.9% of you will loose tons of money, 0.1% of you will make a million dollars.
Everyone: Take my money!
Most people are literally retarded when it comes to basic economics.
The odds aren't presented this clearly to the potential victims. Most wouldn't join if the mlm promoters were being transparent.
They don't even mention the unrelenting odds againsts you succeeding in the company because if they did 99% would leave immediately.
A non-product Pyramid scheme is referred to as a Ponzi scheme.
Isn’t a ponzi scheme where they take some of the money from others to give back to original people to make it look like there are real returns but really if everyone took their money out it doesn’t exist . Like Bernie madoff? And while this is happening the founder is balling hard until it crashes down lol. Basically it’s social security in America ... lmao
MLM is a Ponzi Scheme with a product introduced to avoid charges Pyramid Scheme charges..
@@oxysz that's exactly whar healthcare and social security is. A ponzi scheme. The only difference is who backs it and what power the backers have. The government has the power to take out debt and force people (social security, medicare, health care act) to pay in even if they get no returns.
@@sionnachdensolas9787 - I think the point that oxysz was trying to make is that a Ponzi scheme doesn't have to structured as a multi-level network. In other words, yes you are correct that all non-product pyramid schemes are by definition Ponzi schemes but not all Ponzi schemes are also pyramid schemes. Bernie Madoff was the perfect example. He was pocketing large portions of money payed to him by his client to invest and using the rest to pay out as returns on investments that were never actually made. This was completely horizontal and not multi-level.
Best thing I've seen MLMs called is moms losing money and I like that
Larissa Tucker my new favorite! Sadly true
poor moms
I misread this and thought you said you like to see moms losing money haha