You know your company is a scam when you use "average income" instead of "median income" in every single of your MLM's income disclosure statement as it can hide inconvenient data such as if *majority* of agents earn the lower end of every income bracket. That's like using nine broke men with $0 net worth and Jeff Bezos with $200 Billion net worth then "conclude" that the average net worth among these ten people is $20 Billion. It's mathematically correct, but statistically deceptive.
The problem with MLM comes into play when you focus more on recruiting than your product. Certain companies just want recruits, who then buy the product one time, ad infinitum.
i don't remember where i read these statistics, but when an MLM keeps track of how much product is consumed by members of the org instead of retailed out of the org to the customer, the average MLM has over a 99% in-org consumption rate. and i've seen firsthand my brother and his upline buy themselves inventory and never end up retailing it out. if a company can't show you the in-consumption or retail-out percentages, odds are it's a pyramid scheme with a product attached. and the product failed to pass a market beta test so the company forms a cult around the product(s) so that people will still buy them.
not necessarily. Many people join an MLM to do exactly that: buy product or services at insider/member prices. That's why the industry distinguishes between a customer and a representative/affiliate. You don't call Costco or Sam's a pyramid for giving its members insider prices that aren't available to the general public, do you?
@@dopeskaterat95 You completely missed the point. Costco don't sell the majority of their product to their own employees. They also don't pay their employees based on commission they offer a fixed a salary. Maybe you're confusing a franchise with an MLM.
Branding and sometimes perks and sometimes leg-work taken out of having to do things like manufacturing and distribution. It's not the same but could have some of the same benefits as a franchise vs a from scratch business.
The "you're your own boss" sales pitch is so deceptive because MLM is structured so that the recruiter receives a cut from their recruits to incentivize more recruitment, in that your hard work goes to your boss/recruiter. That catchphrase simply doesn't apply unless you're at the absolute top, just like Patrick who owns his own MLM.
@@applecatnyango do you even know why they keep saying you are your own boss? Do they have to boss you around and make sure you clock in clock out 9 to 6? Do they care even if you work 2 hours per week? As a matter of fact do they even care if you do the work if you are a pure customer ??? So is it deceptive when they say you are your own boss no one cares how many hours you put in, you decide that yourself? Or would you still say they are deceptive and lying.
That guy compared full time jobs to MLM.. He was just selling his idea about something he has no knowledge about. Shall we look up how much money TH-camrs earn percentage wise and have a laugh at them too?! 🤔
Me. My respect of valuetainement and Patrick just nosedive. Actually today I said I mix up between Patrick and Raoul pal , but Patrick comes as typical sleazy whereas Raoul speaks to my logical mind
@@robertgonzalez6770 MLM's are garbage, it's a pyramid scheme with overpriced token items. The only people who make money either sit at the top of the pyramid or near enough the top and have the charisma to recruit enough suckers, suckers like you Robert. But you'll find out in your own time.
@@synocrat601crat hey, how you doing. True MLM companies are running on generation plans & a true pyramid scheme is in the cooperate world. you see the person at the top earns the most and employes don't, no matter how hard they work. right? & I am also a networker, the company in which I am working was running since 1978 & before me, about 10 million people have already joined but after 3 years of total hard work now I am earning about USD 4500/month. guess even if I died now my family has no need to worry about income. syno network marketing isn't perfect but its better. what do you think syno?
every business can deliver you what you want but still, some hit gold and some pebble aren't it. fu sauce there is something that you don't know, what you don't know. means you don't know about network marketing and you are not aware that you don't know about it.
@@supreme24param84 If your making that money, and based on the odds it's probably not true, you're in the top .005% MLM needs to be outlawed, like fraud and embezzlement. Lock up all the MLM owners or tort them out of business.
Though I do not agree with the overpromising and under delivering, the results you get depends on how much time and effort you put in developing your skills to sell. If you're good you can make money, and if you can teach you can make even more and those under you can too.
I like that people are starting to catch on though. It goes to show that what people tend to focus on shows who they are or what they are afraid of. In this case Patrick making a video about what MLMs Are REALLY.
Yea Ik it’s a sad reality I had to accept thought this guy was an honest businessman who I looked up to but turns out he’s just a good talker and notice how much he talks without saying anything
John Oliver had nothing to gain or lose, therefore he presented an objective view of the industry. The opinions of those biased towards MLMs should be viewed carefully, as they are motivated strictly by financial gain.
Jon Oliver is in no way objective. You only say that because you're a liberal listening to another liberal thinking anything else besides what he and the rest of you liberals think has no place in society and conversation. Typical liberal who thinks a far left Oliver is unbias. Lol. What a joke. You liberals are such a cliche.
@@MB561 brother. The FTC has investigated these companies. The FBI has investigated. Regulating non-profit agencies have investigated MLMs. They have all said in reports that out of millions of distributors, only the ones that are at the top make money. That 99% only make $2000 dollars a year and lose thousands of dollars. But here you are saying that this guy believes John Oliver because he's a liberal. 🤣🤣🤣
@@MB561 I'm not libreal at all and I know for a fact that the recruitment model is inherently unsustainable, the only way to make money is to recruit and there is not an endless pool of people to recruit from, eventually the bottom falls out exactly like financial pyramid schemes, just now they sell a product to make them legitimate. Your defense of MLMs are likely due to the sunken cost fallacy. They gaslight you telling you that you just need to work harder, you don't want to be a loser who couldn't make it, this keeps you investing into them because the real product isn't what you are selling it's the recruits that are the real product.
@@Yurothehotot That's precisely the same thing I identified as well. I did so first at a 'Primerica' (owned by Bank of America at the time) meeting where i not only attended the small pitch gathering that takes place in one's local area but also i attended their annual get together which was nothing but a cheese fest of fraud where the same 6 people got on the stage time after time to accept award after award for various performance measure they were number one in while clapping seal buffoons in the audience were mesmerized and totally ignorant of the con job this annual celebration / award festival was. I left that annual awards meeting at 19 years old in shock how many grown adults are that stupid to buy into the scam you perfectly outlined.
@@MB561 I'm glad to hear you got out of it! A lot of people get trapped in a loop the people at the top want to keep you in as long as they can to leech off your hard work. People lose friends and get distanced from their family because they are desperate to recruit so they can get ahead. I wouldn't wish that kind of thing on my worst enemy.
A mentor once told me, "Always ask ... 'Who is this person, and why should I listen to them?" So the first question I ask who portrays themselves as an "authority" in network marketing is, "Have you built a successful network marketing business, AND ... How many successful leaders have you helped develop who have created a successful network marketing business, AND how many have those developed leaders did the same?" IF they have done this, then you know they are an expert. IF they have NOT, then you really can't take them seriously for your mentorship. I LOVE everything said about Entrepreneurship taught on the channel. And I appreciate the attempt to try to teach a bit about the network marketing MODEL. Patrick is right. Network marketing is NOT really an "industry." It's a profession and a unique MODEL, which is a self development program with an opportunity attached. Our business is a LEADERSHIP DEVELOPMENT BUSINESS, first and foremost. Sadly, this fact and these roots has been nearly forgotten, and has sent the network marketing business in a tail-spin decline over the last 20 years. However, this is being changed. The 1 out of 100 succeeding in network marketing can be questioned. It depends on the criteria used. 3% will succeed at nearly anything they intend to succeed at. They already have the personality (the right Wisdom of the Ages mindsets). Sadly, 70% (by insurance stats) will die broke ... no matter what. However, there are 27% who sincerely want to succeed, but they don't know exactly what to do. These 27% percenters CAN succeed if they're given directional leadership, and given SPECIFIC and EXACT duplicable systems to succeed. The "70%er" has a lotto mentality that is easily drawn to network marketing, because it's cheap to get started (barrier to entry is low), and unethical network marketers make claims on how fast and easy it is. These unethical types (many are 3%er alleged "leaders") AND the 70%ers are the source of giving network marketing a bad name. Yet, ironically, the network marketing model is one of the best chances for somebody with average means, average intelligence, but with above average ambition ... to succeed beyond their wildest imagination. Robert Kiyosaki says it's one of the best ways for an average worker to learn entrepreneurship. However, nobody will succeed in network marketing long-term unless the leadership has personal self development programs and franchise-like duplicable SYSTEMS in place. Without it, leadership will always have too many monkeys on their backs and eventually burn out, and quit, or move to a different company. That's why there is a huge void of people in this business with the same company in the 3-9 year range. We call this the 2-10 gap. Until network marketers fix this problem with duplicable systems NOT based on personality, the network marketing business will continue on in it's sad dissipation stage (it's been in for 20 years). Thankfully, this is changing on the grass roots level. I recommend to folks who want the No B.S. No "Fluff" truth by a mentor, who has developed more 6-figure earners in network marketing than anybody else in network marketing history, to watch this webinar ... (If you want to hear from a REAL expert who has DONE IT, this is worth the watch) about.mygenesispro.com/cp/17889
Well, that's for you to determine for yourself. I could go on and on about how ethical my company is, but it would likely go out the other ear. One has to experience the ethicalness for themselves. Part of that experience is finding out is if you're getting REAL value. I can't speak for everybody in my company, but I can speak for myself by offering true value from the get-go without somebody spending a dime. You can see how that is, here ... about.mygenesispro.com/cp/20418
please do not listen to the gentleman who said to make shorter videos. I appreciate every second of this video and all your videos. thus one video would have been a very expensive seminar. thank you for your sincere and generous information!
This couple approached me in a grocery store out of nowhere. The wife said I have a very nice tie and then asked me what my interests were and they said they have the same interests. We had a great conversation. The husband then gave me his number, he kept in contact with me always checked how I was and sent me smiley faces. We then met one time at chipotle and mentioned he was a drop shipper, I never heard of that and he said we'd discuss it more next time. We then met at Panera and told me about Amway and it's pyramid scheme in detail. He'd often switch the conversation to something I was interested in and whenever I displayed the knowledge on my interest he'd say I was awesome, cool, intelligent, and you're the man. I felt like a god. He said he would send me some information on when a business lecture on Amway would be held at his house. I now know why he was so friendly. The old saying we all know "If something seems to good to be true it probably is" is true.
He didn’t say that. He said having NO product is what makes it likely to be a pyramid scheme. It’s still possible to for a company to have a trash product as a cover up to launder money.
MLM is actually much _worse_ than pure pyramid scheme because MLM victims can never get their money back as their financial loss is usually tied to legal part of the business model, which is the product purchase. It still is a pyramid scheme no matter what fancy names Patrick calls it with, and just because it's *technically* legal, doesn't mean it's ethical.
yeah. nice loophole. lets forget the fact that millions of dollars spent on land deed. another millions of dollars building factories, and millions of dollars each purchasing manufacturing equipment and if you need more than 10, that is more than 10 millions. and logistics and shipping to countries? a few thousands. scammers go hard spending billions and billions before even earning back any money. A normal sane scammer would rather sell cocains and heroine or set up illegal online gambling Den. HA
@@PatrickAung93 u think Patrick has spent tens of millions of dollars on land deeds and factories to manufacture his product? most clueless take ive seen, u clearly have zero understanding of business or scams, but felt the need to write a defensive paragraph anyway
@@DSM-w3z right back at you. You guys love to say (I don't need to join MLM to know it's "scam") and I cannot come and fault you for misconception but when I mention i know about business... (Which I can find out from friends and business institutions and associations, who have spent tens of millions...) when i say that, Somehow my points are invalid? Talk about double standards HA! I don't NEED to have spent money or built businesses to know it cost our soul. I have worked with many CEOs and Directors and have been a part of multiple associations
This is the best video on the subject by a country mile. Instead of making people dream about becoming a millionaire "without working" etc you broke down the industry in a thorough way. this channel will reach the 1 million soon.
For detailed notes and links to resources mentioned in this video, AND to get the free eBook, "The Real Truth about Network Marketing," visit www.patrickbetdavid.com/network-marketing/
VALUETAINMENT interesting. My cousins were part of MLM networks called ACN and Traffic Monsoon. Although it seemed impressive it seemed very hard to make much progress. However the network of people they met served them really well in future ambitions .
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multilevel marketing = a method of selling a product in which someone sells to people they know and then gives training to those people to sell the product themselves. The original person earns money not only from their own sales; but also on what is sold by the people they have given training to.
I fell onto your videos after starting with a network marketing company. All I can say is your videos have dramatically changed my life. And network marketing has made me grow as an individual and to value personal relationships. You are a direct mentor to me. And to that I thank you!
Thanks for the video. The lesson I learned from this video is, "have a genuine product that actually helps people in one way or another, and sell it with a genuine attitude within a reasonable price." And honestly, your this video is a genuine product. You earned my respect.
Don't listen to this guy most of his employees don't actually make any money he just uses them for the entry fee. Its sad because he comes off as a legit business owner.... But when you dig deep, almost none of his "insurance agents/salesman" actually make money. He promises income if you listen to him but all he cares about is those salesman recruiting more people to suck that entry fee out of. Not to mention all of the conferences that he cons his agents to go to and he doesn't pay for the hotels or flights and you dont get paid a dime for this "training". This guy is a master manipulator and I will give him that, but anyone associated with this guy Patrick is going to get screwed out.of money. Never heard of a job where you pay your job for the right to work. Fuc*ing joke. Patrick deep down you know what you are doing is wrong and only god will judge you.
don't you think its weird that nobody in these "companies" actually make money? I have met a lot of people involved with multi level marketing and of them are either struggling financially, or only have money because of their spouse having an actual job. I pity the idiots in this comment section who actually belive in these companies. Technically some people make money, but those people are the ones who were part of the compant from the beginning and got lucky.
You're talking to someone who is. I'm more than glad to answer questions. There is nothing with luck. I worked very hard to get what I've got. It's not easy. Like every other business.
@@HunBunnvvManifestions Haha.. You're in 1950s John Wayne biz idea.. Network marketing is the best platform in up coming generation.. Read "The business school " book by Robert T kiyosaki.. You will get more clear ideas about the platform! Do read
The truth is 99.6% of people in MLM companies lose money and they re made to believe it's their fault they're not succeding, while in fact that's not true. The whole goal with mlm's is to recruit and get the recruits to buy the products, not to sell the products. That's why comissions are much higher in recruitment in comparison to straight up direct selling. Also, Patrick runs PHP agency, which operates as a MLM. If you read reviews of people who worked in PHP, you ll realize their main focus is also recruiting. That's why one of the first things they ask of new employees is to make a list of people you know who might be interested in working in the company. So take this video with a grain of salt. Pat is biased in his analysis given he runs an MLM company. Also recommend checking out James Jani's video on MLMs.
Perfect! Very fair sir. My life was changed by a mentor in an MLM. I no longer do it, but because of him, my life stayed on the right track. Thank you for giving these businesses a fair shot sir.
100% accurate information Patrick!! Network marketing is a great opportunity for people who go into it with the right expectations. Most importantly, IT'S HARD WORK. The low barrier (usually around $300+) to "owning your own business" usually attracts undisciplined people. I'm commenting while watching the video and you just hit another major point. LONG-TERM COMMITMENT. If you're just "trying it out", you might as well save your money. Truly appreciate your drive and motivation.
Network Marketing truly isn't for everybody. It requires individuals to get out of their comfort zone and face the 95% of the individuals who are uneducated on what MLM is. So many people get in MLM for the wrong reasons and they ruin the image of MLM. They try to force people to get in or force their product which shouldn't be the case when recruiting or getting clients or think it's a fast money scheme. They give up so easily and are labeled as quitters in my opinion. Some of the most people successful people in history like Jim Rohn, Anthony Robbins, Robert Kiyosaki, Warren Buffet, Zig Ziglar, George Zalucki etc all endorse MLM. MLM is known as the business for people who like helping others. Those who call it a Pyramid Scheme don't know what they are talking either. The successful people in MLM are one of the most humble people I have ever met. One of the only skillset you truly need to succeed in MLM is personal self development, that's all. The rest is patience.
taoist40 Look up George Zalucki and tell me honestly if you think that of him. Rohn was Robbin's personal mentor so I have a hard time understanding your belief but to each their own
Antoine Am some people take it too far. Robbins is over the top. Of course, that could be his personality. Rohn was very humble when he spoke. I will look up George Zalucki. Thanks.
Sales 101 - "DON'T SELL FEATURES. BUT SELL BENEFITS. " Example: if you're going to sell iphone. You're not going to say this product has a lot features, it has bla bla bla, it can connet to this and that. but rather we say, the best thing about this Iphone, is that it can help our life easier. " Features tells about the product more. but Benefits tell about how the product or service can help the customer make their life easier. hope it make sense to you.
Wow!!! as a professional Networker and someone who always watches your stuff I am blown away by the amount of information, neutrality and value this video added. Patrick you are something else! You don't know how your videos alone make me 100% confident I will become a Millionaire in my industry simply because you teach to the T how to get there. All-the-timer, 10 year commitment, self promote, etc. Before I die I wish to touch as many lives as you and add as much or more value. God bless you Patrick, you are one of the few people I know that allows me to realize becoming successful and wealthy is a good thing and not the 'evil' thing most of us, children of 95%ers, are taught it is.
Recent court rulings now force MLM companies to make sure their distributors sell products to retail customers as opposed to strictly recruitment of others to sell products. The problem most mlm'ers face is the ability for people to search for similar products at a lower price elsewhere. That's when autoships drop, sales slow down, and people drop out. It's a constant grind to maintain a team.
When I saw the REAL truth in the title and the fact that it's over an hour long, I was like "oh dear..." Sir, you've met and exceeded all my expectations!
VALUETAINMENT i want to ask you a question. i am willing to start an online business but i don't have a lot of money can you cover up a topic on tips to create an online business with small money thanks patrick for the great efforts bye 😃
Hello Jose in Portugal. I'm in AZ 🇺🇸. How is Portugal in the near future for travel plans to visit ? I would love to hear your thoughts on the subject. The best to you and your family.
An interesting video to watch. Usually I don't be bothered to watch a lengthy video but this one really made me sit and listen to every explanation. Thank you sir! Things to lookout before joining or be with: 1. Company 2. Products 3. Compensation Plan 4. Support System 5. Timing I'm glad to be with the company I'm with.
My friend came to me with this amazing business, by the time I was listening to him I found out he is talking about MLM. He's been told about thousands of dollars he's about to make as a side job but this video made us both rethink the idea and we are thankful for that. خیلی خیلی سپاسگزارم. کاره تو عالیه. PS: My farsi still in progress, hope there are no mistakes
@@itsalwayskenny4159 Pyramid schemes are all about recruiting (altough some have a product to hide behind), basically: - if the more people you sign the more you go up in the ranks - if you have to pay tp play (making the recruiting lucrative) you're in a pyramid scheme. You can make a lot of money in those, but only if you get in early or have a big following of people to recruit.
When you recruit you are giving them the opportunity to write business as an agent by themselves and become coded. State farm and all these insurance companies do the same thing as these "pyramid schemes". If you want to sell insurance by yourself that's fine but why not show people your wealth in the business and then create a team. That's how business works 😂😂😂 but we can agree that recruiting your friend you havent spoken to in along time to join your team to sell insurance is a bit much.
@@halfbloodprincess989 every business recruits and makes money off you. That’s why there is car sales people and car dealership owners. When will the car dealership owner teach the car salesman to one day be an owner ? When will the Real Estate broker teach the sales agent how to open his own brokerage? Keep in mind the real estate broker makes money off you when you sell a house and I don’t see people saying being a real estate broker is a scam.
I'm into network marketing and I agree on everything Pat had said on this video and will be sharing and make this as a teaching tool to my associates.. Thanks Pat.
David, Thank you for that video! I am proud to be a part of network marketing company. You were spot on your observations. I thought it was very thoughtful and well research from your own personal experience and that of others. I am proud of my company because we don't paid to recruit but move product through a pipeline to consumers. When I talk to people about our opportunity I talk about the person that might just need a couple hundred buck to improve his family's life. Maybe they just want to get out of debt. But I also tell them that they are going to work hard that they ever have before. I stress that there is no such thing as "Something for nothing.' I also stress the importance of personal development. I tell them that 'Readers are Leaders and Learners are Earners." So as I watched the video, I saw something that I can improve and learn from. So again thank and keep up the great work in cheering us entrepreneurs on!
Bob Daves it's always best to be honest and have integrity. People are attracted to authenticity. Glad you enjoy what you do. I tried many mlm/network marketing companies and could never find the one that was completely honest. Even some Amway people have tried to "manipulate" and "deceive" by saying I could be at the top in less than five years. It's always been my standard to be real. People will not succeed by cheating no matter how much money they have.
Thanks for your comments. I try my best every day to serve the people that purchase my products and the members of my team. There are a lot of companies out there. I have been fortunate to find on that I have a passion for and gives me the opportunity to serve others. I am honest with people that like David said in his video that you have to work hard. I work harder now than I did ever in Corp America. That servant leadership starts at the top of our company and it shows in every leader in our organization. Again Thanks! I wish you the very best in whatever your heart desires!
taoist40 I would highly recommend the network marketing company I am with. We are expecting an announcement Jan. 14th that we are going international. More specifically, Japan. Our saying is "Never Sacrifice Integrity for Growth." I hope to talk soon!
I am going to stay where I am at! I have over 3,000 on the one pay powerline on the health and wellness side and 4,500 on the one pay powerline. Plus, I have over 200 personal sponsored on health and wellness and over 50 personally sponsored on the travel so I am set for 2017.
You are *DEAD ON* on a lot of the people in network marketing ... misrepresentation; over-hyping the"get rich quick" scheme; not being honest about the hard, HARD, *HARD* -working part; not being honest about the *LOOOOOONG* time it would take to even start getting the first comp check; the push-push-push people to buy and join; the over-the-top mark-up of the product price. You are also right about network marketing can provide a tremendous learning and self-development opportunity for individuals lacking in certain areas to succeed on their own.
I was (baited and hooked) in one (Market America) after having escaped the baiting of many different types of network marketing "opportunities" since the college days (vitamins, financial - World Financial Group, etc.) Was in Market America for 2 years, learning all that time, hence, I speak from *REAL* experience. BTW, this is a very balanced talk on this topic. :)
World Financial Group couldn't bait me though because they showed their hook too early ... I was invited to one of their local meetings; there their recruited agents and enrollees were coached on how to do their own recruiting. At one point, they were told to get the people they've enrolled to take the licensing exams (for which the recruits have to pay hundreds of dollars, and they would have to complete a series of these licensing exams) as soon as possible. The up-liners said that, after a while, the new recruits would have invested such a substantial amount of time and money in obtaining their licenses that they would be inclined to stay in (the business network) and grind it out (meaning getting them stuck so that they would have to stay and work to sell policies and recruit down-lines even if they have to work hard and long.) These people are this scheme-y!!!
Matsumoto Hiroki YEEEESSSSS. MY SALUTE TO YOU ALL AND CONGRATULATIONS. The numbers you all make there is incredible. honestly its an example of what should be happening here in America. Salute
Hey Pat, Mario and the rest of you at Valuetainment, I just wanted to say thank you for all of the content you provide through your channel. I've subscribed to you guys months ago and watch a video every morning. I have to say this video couldn't have come at a better time. I'm a 25 year old aspiring entrepreneur. The other day the opportunity to make some residual cash along side the income from my job and my brother and I's audio engineering startup GEWP through LegalShield was presented to me. I've been debating whether to give it a shot but the idea of attaching my name with a "scam" or get rich quick scheme really didn't sit well with me. After watching this episode it has given me many things to be weary of and assess in my decision to join this business. I do wish you had spoken a little more on them specifically but all in all great video. One day I do wish to meet you and Mario. You have been a big part in my daily regimen for the past months. Thank you all for being an inspiration and distant mentor. #ImGewp P.S. If you are ever looking for music for your videos we would love to provide instrumentals or songs for you.
+Lawrence Jenkins There you go. We're always looking for good music to consider for the channel. Feel feel to email Mario at marketing@patrickbetdavid.com.
"I experienced it at 20 21 yrs old....thats why I'll never Touch network Marketing and went to MSDW....Chose the financial Services industry" Yet, after MSDW, He went on and joined WFG, an MLM, network Marketing Business..... Yea right
When I was in my early twenties some of my friends and relative forced me so much to join and my question to them was is there any product. I always believed that if company dont have product then it can not last long. Today, with this detailed research work you have presented in front of us assures that with lot of other knowledgeable aspects of the industry, Thank you for that. I can soak in all the information you broadcast all day along and everyday. OH! By the way, I am missing that final tone (boom) from so many videos :P
great video pat. BTW, that kid who messaged you saying that most people were responsive to his abusive marketing was lying. I was apart of a company that encouraged us to say that as script. That company doesn't exist anymore.
In most MLM companies, less than 1% earn enough to make a living off of. And that is before expenses, it's not profit. Think twice before being gullible enough to listen to liars like this guy
Mulut Lewat Mulut he’s right look it up. The people you see at your “weekly” meetings talking on stage are the select few that are making major profit over other people who aren’t and are keeping this “ dream”
@@jcvelez915 just like the boss employees see on a regular weekly meeting is also a one in a 100 or more employees that make waaay more money that the slaves working 9-5 ... These 100 or more slaves 99 of them won't be a boss in that same company no matter how hard they work. Sound like a pyramid scheme to me.
Mulut Lewat Mulut some people never want to be ceo or head of companies in fact majority of people are just fine working like that for the time being until they move onto to other things. If I work at some retail store I know what I’m getting into and I can leave anytime with little repercussions. Meanwhile that mlm shit makes you stay and pour money for nothing. Please respond so I can educate a little more
@@jcvelez915 some people never want to be in top positions? It s more like most people can never be in top positions. You sound so shitty. Most people will never be. Most people are broke and poor for sure. There are more people in the world working like slaves doing 9-5 than doing MLM yet most of them are shit and they are poor. Biggest scam ever. Cubicle scheme is modern day slavery.
I love this video! I work for an MLM and you are right on the nail! There are things that are difficult to chew on, but its the truth and its making me realize that i joined the right company! 40year+ company who is a linear!!
Hey Man. great stuff you have here. I was actually, thinking on trying to venture the MLM business. No one ever sold me to joined because of all the reason you've just said. I sold my self on weighing the pros and cons about MLM and Network marketing. So thankful I found this video. For I was looking for an information that will definitely help me how to really sell the product, myself and the company. and not the compensation benefit. I'm sick hearing those networkers saying that you'll going to earn this blablabla in just a matter of blabla. I mean, come on! Seriously! Networking or MLM is about selling the product itself not the compensation benefit alone. - Anyway, thanks man! Such a great stuff you have here. Now I'm even more confident in venturing the MLM business. Thanks to you man! I mean, I was selling myself, trying to convince myself that is a great business. I'm actually doing the same thing that you're doing to yourself. "Selling the product or idea or service to your self first before anyone else. And if you can sell it yourself, then you can sell it to others. By the way, do you have any other videos that are great stuff such as this one?
not yet Probably 1st week of april. I'm still making appointments with different company member. Making sure I have the right product that is good for short and long term, and also marketable. You have anything in your mind?
Yes sure. But I'm looking for a company that are selling basic needs these day. I'm currently looking right now on herbalife and some other MLM company here in the Philippines.
Here's one thing I know about PBD and this channel. You'll always get the real truth about any topic in discussion. A true testament to PBD and valutainment's credibility. As an independent contractor in ACN, I agreed with all points made in this video, especially the 10 year commitment and I can respect the telecom and technology comments you made (the founders of our company are no idiots, they realise what you said the best which is why they got into energy, wellness and personal care and are still going strong today). One thing I would love a statistic on is the number of people who quit MLM in their first year, they're the ones who bring the worst name to our industry. Sheer lack of personal growth and dependency on others. Love all you do Pat. I hope this video goes viral and all the MLM leaders take heed in what you and other legitimate entrepreneurs educate on!
+Perpetual Eden, sorry to hear that. You should have received an email -- may have gone to spam, so please check there. The email has a link for the PDF. If you don't see the email in spam, please email Mario at marketing@patrickbetdavid.com. ~Rebecca, VT support
This is spot on!! I plan to use this video as a great 3rd party endorsement, so thanks! I 100% agree, and am currently trying to turn around the negative stigma that's associated with network marketers by teaching people how to do it the right way.. In my organization we aren't in the business of recruiting, instead we thoroughly vet and select our candidates. We believe in preparing them for business ownership and giving them a full expectation of what it takes to become successful before we agree to bring them on board. As a team we understand the value that we bring and the great opportunity that we have so we do not prostitute ourselves or our opportunity. My business is powered by Amway, the greatest company in the game.. (literally #1 on the DSA list) Just wanted to give you a little backstory that you might not know, that sets Amway apart from every other NWM company there is. When Amway was founded It first started with 5 couples that came from another business (that Amway later acquired) (the DeVos', VanAndels, Victors, Hansons and Dutts) they first formed the IBOAI (the business owner association that makes all the decisions).. Only then they went out and found products and formed the company. It is truly we the people, we created the values the company was built on. Every other MLM is company first, then distributors. Our IBOAI board is made up of a majority of IBO's (Independent Business Owners) who are elected representatives of the field, so they outnumber the company representatives, which means no decision can be made to change anything with the company that would fundamentaly affect our compensation without first being approved by IBO majority. There's nothing else like it. Amway has been around for 58 years and paid out over 55 Billion to IBOs. Amway is also debt free and privately held, which means more money paid back to the IBOs, more money into R&D, and more ability to pivot with the market. We have the liquid capital to acquire and adopt winning niches and absolutely blow them up... If you asked about the philanthropic generosity of Amway we'd be here all day, the list is endless. Thanks again for getting the truth out there, we tell people this is a 5-10 year process to financial independence (IF you follow what we teach)... It's going to be harder than you think, it might take longer than you think, but the rewards will be better than you can understand. Be great!
Two problems that usually comes up when someone I know is in an MLM or network marketing: 1) A desperation to pay bills; and 2) Political economic proselytizing. Maybe that's the goals of some of these companies therefore it does the opposite.
Juanmanuel Vizcarra Oh you poor man. Working for a MLM scheme has nothing to do with entrepreneurship. Do you manufacture the products yourself? Do you control the pricing? Do you decide the methods of distribution.
I have to be honest. I just watched John Oliver's show and it will take a lot to convince me that there is anything good about MLM's, so now I'm going to watch your video.
I really appreciate and respect the part where you talked about painting it real. That was very cool. When you talked about teaching people to manage their finances, I wondered what you thought about Dave Ramsey's philosophies and would like to know your opinion. This video brought me so much clarity, and I finally know the real definition of a pyramid scheme. Thanks!
222 k views? Phew. I will bring this video to 1 bilion views. Trust me, just give me time. Freaking incredible what you did here (and in the PDF). There are so many hateful opinions, misleading information as well as overselling mindsets of people inside the Network Marketing philosophy that it's unbelievable. I will translate it to every possible language I know and post everywhere I can. Gee, I am stunned. Thank You Patrick. Wish you all the best ;)
The only thing I can see here that (maybe changed for the last couple of years rapidly) is that it's good to have an approach of '10 years' but it's not needed to have a success with Network Marketing. For 6 companies that I checked out recently (only in 2 I was involved but checked a few others), I met people with organizations for 10 - 20 k network of people with sustained income of 5-10x the average salary on a full-time job which they worked for 1/3/5/7 years, so they made it faster than the 10 year markup. But yes, this mindset it very good to have at the beginning to understand the entrepreneurship side of it and don't choke with the success but approach it with a clear and rational mind ;) Cheers!
The biggest thing that always bother me about mlm/network marketing strategies is that the company always tries to sell the opportunity as "entrepreneurship". I agree that there are some viable network marketing opportunities that some may choose is right for them but if you have no control over major company decisions like whether or not a product or service gets discontinued you aren't the entrepreneur. Furthermore at the heart of entrepreneurship is creation and innovation.
I agree, MLM is not the end-all-be-all for "entrepreneurs". But a select few good ones can certainly get one ready to setup a new team that can deliver an innovative product or service. One way to start that without going through the VERY expensive and time-consuming struggle of building a minimum viable product into a product is to build a sales team, and MLMs were meant for that. There are other ways, but I'd argue any sales training program that gets people to build a credible sales team is gearing people up to become entrepreneurs, MLMs included.
It's not a philosophy, its a system. U remember ur Ferrari ad. Quick rich scheme . Fake it till U make it right . Ur so full of it . Then U go to podcast. U just regurgitate everything like kiyosaki
Man Patrick thanks for this video, I have been approached by two network marketing company and turned both of them down because I didn't feel like it was for me but it stayed on my mind and now that I watched your video you strengthened my opinion on it even more thanks for your teachings I am a big student of yours. Keep it up!
My favorite part out of this whole video was the rant on the perfection, pure truth man. People are tired of this so called perfect life, they want the truth. Keep up the videos. Thanks a lot.
There's something strange about the stigma on network marketing. They said, "the only way to make money is to recruit." Then WHY THE FUCK CAN'T YOU DO THAT?" 98% either lose money or break even. That's because people don't know how to recruit ethically and can't sell. So let me get this straight, you join in network marketing without the ability to sell and recruit all the while are not willing to self-educate yourself with those skills? OF COURSE, YOU WOULD FAIL, YOU SET YOURSELF UP FOR FAILURE. Of course, I can see the excuse "Well my leaders told me this and that." Guys! You're all independent contractors, the concept of getting FIRED doesn't apply here nor do you have to listen to your "higher-ups." I have never lost money joining any kind of network marketing opportunity, I either make money or break even. Admittedly, there are scams but I know what to look for. Network marketing and MLM existed WAY before pyramid schemes.
pyramid scheme yeah The number one comment as soon as you start talking about network or mlm , ,thanks for this cool video how you explain it and EVERYBODY should watch it to understand ....the meaning of Network marketing and what its really about ....yeah I happen to watch the John Oliver did on HBO . so for sure I will use this video and pdf . Thank you dude
Let me tell you a story, I was watching this video, I learned so much and felt enlightened, i looked at how long I was watching, i couldnt be happier that I only watched 15 minutes until then.
I was waiting for you to make a video on this topic and you assured me 100% that I'm getting into the right network marketing company. i'm definitely sharing this with people. your TH-cam channel definitely helps people in network marketing
Bad Christians don't invalidate Christianity in the same way as crooks and cheaters don't invalidate Capitalism... Great content Pat! Always enjoy watching your work. - Andre
Scientology is currently trying to claim they're Christians in order to be more valid. A lot of Christian cults and sects, like the ones which are "prosperity" churches, serve to invalidate Christianity. Until I researched cults and religions I thought all Christianity, including Catholicism, was the same.
The problem with MOST of these companies is not which marketing tactic they use, its the fact that the company makes its money, selling its REAL product to its sales people. These sales people pay money to join the company. They receive the product. The company could care less if that product makes it to customers. Once a new "consultant" goes through thier network, which is friends and family, and they do pity purchaces of subpar products. After awhile this dries up. Thier sales slow down, and the companies pressure them into purchasing new inventory. You need the newest styles, you need to have a bigger variety they say. You end up paying out of pocket for crap you wont sell. All the events they pressure you to go to, they dont comp those. Air fare, lodging, meals, all out of pocket. This is why 99% fail. You know how the ones who succeed do it? They dont sell, they recruit. Thier downlines use up thier pity purchases, prey on vunerable people with promises to get rich with little effort from home. Like you said, the pyrimid comes from recruitment. Bottom line is, they skirt the law, because a product exists. It is only to make it legal, as most of the time, the product is irrelevant, as the company gets its main profit from recruitment, and flooding garages with garbage inventory. Like i said, it doesnt matter if product reaches consumer, thus, it makes the product only good for legality's sake.
I met the founder of Excel I was at a viridian mlm event he spoke there and I got to speak to him for a few minutes and I know the son and daughter of the couple owner of acn great people this is very informative I love this video
Network Marketing isn't perfect, it has its challenges but it's better than any form of entrepreneurship on earth, there is no other form of entrepreneurship of the average person that can beat this, no one can debate me on the subject, no one can beat me on this subject it is indisputable it's better. -Eric Worre
Great video... You broke it down very well. The main problem with Network Marketing is the people who come in and do all those things your mentioned i.e.1. jumping from company to company within a very short period of time. 2. talking that "making millions" in a week garbage 3. bad mouthing all other network marketing companies (so not cool) 4. saying "You dont' have to do anything (totally BS). If you don't anything, you don't get anything. That is just they way life and they universe has always worked. Thank you for breaking down Pyramid Scheme and Ponzi Schemes. People are so quick to holler "Scams" too and most of the don't even know what that is because it's never happened to them. They heard it on the news and now they run with it.
I like how you set straight the difference between Direct, Network, and Multi Level MarketingI peersonally think there are many scams but if you find a respectable one that has an investment that will be restored easily, then go for it
The problem i have with mulit leveling marketing is the price of the products. Its over priced. The only way you can sell the product is by misleading them and selling them hype. If you happen to get someone to buy in they only buy a few times because Common Sense kicks in and they no longer buy from you.
fln family Patrick I love this video and agree with everything being in network marketing 2 years I definitely agree & I have traditional business too and I definitely have benefited from your videos thank you
I have been contemplating it. I have already went to their National Conventions, saw the people who succeeded, met the co-founders and spoke with them. THOUSANDS of people from different age and different background succeed in ACN and that's not even an exaggeration. I've met with Doctors, Lawyers, Engineers, full time and part time students, all doing ACN and the atmosphere was incredible. What I mostly love is the leadership on how no one makes money or grows in position if their downline doesn't make money or grow in position either. Also it's the only MLM I know that allows you to already repay your 500$ investment in only 30days and triple it within the 60 days which they call starting bonus. The great point about it is that you aren't selling a new product, you're simply redistributing it like a Costco or Expedia for airplane tickets.
You clearly never went to the conventions. ACN calls up to the stage EVERYBODY in the audience that have obtained a new position. Whether it's the smallest position to the highest. My friend who started ACN only 9months ago invited me to the convention and he did not even expect to be called on stage. He's not rich but he's financially independant knowing he has X amount coming in automatically in his bank account. Also, if you read any book about success, successful people don't look at those who failed, they look and follow those who succeed.
my mentor made £500,000+ he's first year and his mentor helped 2 others do the same all of them did not have experience in the industry but they worked hard hardly slept it was not easy but I know people in Acn who have not made money in 8 years are no rvps it's not easy Patrick said it all but if your willing to give it 10 years it's definitely worth it
Insightful... Stretches me out a bit on my perception of MLM. Honest, I was hesitant to listen to this, but your astute way of talking about "different philosophies of marketing" kept me listening. You're such a great communicator! P.S. I think podcasts are the new radio. So, businesses "sponsor" podcast shows to get promoted and get business. And most times, it is very effective because podcasts have niche audiences...
The diamond in the rough of youtube content! Incredible Pat. I honestly really appreciate what you are doing for everyone and myself with Valuetainment.
Great Great Great video!! I don't agree with people that say it was too long. This topic is not easy to explain and you covered a TON of content! You covered pretty much everything. Thanks again!
Recently got into a MLM that fits in the 3-7 years range. It doesn't have any of the red flags and most of the "what to look for" were met. I'm super motivated right now. The comp plan is the best I've seen out of MANY. It is a mix between the binary and matrix. I'm super hyped!
Thank you for this Pat! It's been tough to do this business but I really see the value of network marketing since this is what got me into entrepreneurship and set me on the path of growth and freedom. So happy to see you set the record straight!
I can see how much effort you put in this youtube videos. Keep it going, I have already started to write down ideas, tips, strategies and apply for my own business. Thank you!
This is the first video I've seen on your channel. I must say , this is one of the most well organized , if not the most organized video I've seen in a long time. Structured so well. Thank you. Learned so many new key points.
![ILLSLICK X YOUNGOHM - We're The same [Official Video]](http://i.ytimg.com/vi/yUJNkobYR0E/mqdefault.jpg)
Get the PDF here: valuetainment.com/the-real-truth-about-mlm-network-marketing/
MLM is a scam
Scammer
You know your company is a scam when you use "average income" instead of "median income" in every single of your MLM's income disclosure statement as it can hide inconvenient data such as if *majority* of agents earn the lower end of every income bracket.
That's like using nine broke men with $0 net worth and Jeff Bezos with $200 Billion net worth then "conclude" that the average net worth among these ten people is $20 Billion. It's mathematically correct, but statistically deceptive.
Does PHP stand for People Helping Patrick?
lol
Good one hahahahha
No,
Patrick helping People
@@praveenkumars9111 🤣🤣🤣
@@karennyeley1063 🙂
This dude is a master at deception
how so?
The problem with MLM comes into play when you focus more on recruiting than your product. Certain companies just want recruits, who then buy the product one time, ad infinitum.
i don't remember where i read these statistics, but when an MLM keeps track of how much product is consumed by members of the org instead of retailed out of the org to the customer, the average MLM has over a 99% in-org consumption rate. and i've seen firsthand my brother and his upline buy themselves inventory and never end up retailing it out.
if a company can't show you the in-consumption or retail-out percentages, odds are it's a pyramid scheme with a product attached. and the product failed to pass a market beta test so the company forms a cult around the product(s) so that people will still buy them.
not necessarily. Many people join an MLM to do exactly that: buy product or services at insider/member prices. That's why the industry distinguishes between a customer and a representative/affiliate. You don't call Costco or Sam's a pyramid for giving its members insider prices that aren't available to the general public, do you?
@@maambomumba6123 because costco is essentially a wholesaler, I don't think you fully understand what a pyramid scheme is.
MzMahoganyHoneyBrown network marketing companies are wholesalers too. There is no retailer
Like PHP agency. How much of their revenue is made from recruiting new agents instead of actual insurance sales?
@@dopeskaterat95 You completely missed the point. Costco don't sell the majority of their product to their own employees. They also don't pay their employees based on commission they offer a fixed a salary. Maybe you're confusing a franchise with an MLM.
Did y'all know this guy himself runs an MLM company? His company PHP (People Helping People) is an insurance MLM company.
Genuinely lost as to the corporate structure here; if I'm getting my own license, selling on my own, and I'm my own boss, why do I need this guy?
Branding and sometimes perks and sometimes leg-work taken out of having to do things like manufacturing and distribution. It's not the same but could have some of the same benefits as a franchise vs a from scratch business.
The "you're your own boss" sales pitch is so deceptive because MLM is structured so that the recruiter receives a cut from their recruits to incentivize more recruitment, in that your hard work goes to your boss/recruiter. That catchphrase simply doesn't apply unless you're at the absolute top, just like Patrick who owns his own MLM.
@@applecatnyango do you even know why they keep saying you are your own boss? Do they have to boss you around and make sure you clock in clock out 9 to 6? Do they care even if you work 2 hours per week? As a matter of fact do they even care if you do the work if you are a pure customer ??? So is it deceptive when they say you are your own boss no one cares how many hours you put in, you decide that yourself? Or would you still say they are deceptive and lying.
who is here after finding out from Coffeezilla that PHP is an MLM?
Me
Yo
Me and want clarity on the real truth
That guy compared full time jobs to MLM.. He was just selling his idea about something he has no knowledge about.
Shall we look up how much money TH-camrs earn percentage wise and have a laugh at them too?! 🤔
Me. My respect of valuetainement and Patrick just nosedive. Actually today I said I mix up between Patrick and Raoul pal , but Patrick comes as typical sleazy whereas Raoul speaks to my logical mind
Here's what's always worked for me: Promise nothing, overdeliver.
What MLM does: Promise the world, deliver a pebble.
@@robertgonzalez6770 MLM's are garbage, it's a pyramid scheme with overpriced token items. The only people who make money either sit at the top of the pyramid or near enough the top and have the charisma to recruit enough suckers, suckers like you Robert. But you'll find out in your own time.
@@synocrat601crat hey, how you doing. True MLM companies are running on generation plans & a true pyramid scheme is in the cooperate world. you see the person at the top earns the most and employes don't, no matter how hard they work. right? & I am also a networker, the company in which I am working was running since 1978 & before me, about 10 million people have already joined but after 3 years of total hard work now I am earning about USD 4500/month. guess even if I died now my family has no need to worry about income. syno network marketing isn't perfect but its better. what do you think syno?
every business can deliver you what you want but still, some hit gold and some pebble aren't it. fu sauce there is something that you don't know, what you don't know. means you don't know about network marketing and you are not aware that you don't know about it.
@@supreme24param84 If your making that money, and based on the odds it's probably not true, you're in the top .005% MLM needs to be outlawed, like fraud and embezzlement. Lock up all the MLM owners or tort them out of business.
Though I do not agree with the overpromising and under delivering, the results you get depends on how much time and effort you put in developing your skills to sell. If you're good you can make money, and if you can teach you can make even more and those under you can too.
This guy patrick bet david is the CEO of an MLM called PHP agency.
I don't understand why so many people hate pyramid schemes when most companies are
I like that people are starting to catch on though. It goes to show that what people tend to focus on shows who they are or what they are afraid of. In this case Patrick making a video about what MLMs Are REALLY.
@@AUSTIN-ss2zd if every company used slavery would you defend it? Unpaid labor is slavery.
Yea Ik it’s a sad reality I had to accept thought this guy was an honest businessman who I looked up to but turns out he’s just a good talker and notice how much he talks without saying anything
@@AUSTIN-ss2zd you probably don’t know what a pyramid scheme is but I recommend you do your own research
John Oliver had nothing to gain or lose, therefore he presented an objective view of the industry. The opinions of those biased towards MLMs should be viewed carefully, as they are motivated strictly by financial gain.
Jon Oliver is in no way objective. You only say that because you're a liberal listening to another liberal thinking anything else besides what he and the rest of you liberals think has no place in society and conversation. Typical liberal who thinks a far left Oliver is unbias. Lol. What a joke. You liberals are such a cliche.
@@MB561 brother. The FTC has investigated these companies. The FBI has investigated. Regulating non-profit agencies have investigated MLMs. They have all said in reports that out of millions of distributors, only the ones that are at the top make money. That 99% only make $2000 dollars a year and lose thousands of dollars. But here you are saying that this guy believes John Oliver because he's a liberal. 🤣🤣🤣
@@MB561 I'm not libreal at all and I know for a fact that the recruitment model is inherently unsustainable, the only way to make money is to recruit and there is not an endless pool of people to recruit from, eventually the bottom falls out exactly like financial pyramid schemes, just now they sell a product to make them legitimate. Your defense of MLMs are likely due to the sunken cost fallacy. They gaslight you telling you that you just need to work harder, you don't want to be a loser who couldn't make it, this keeps you investing into them because the real product isn't what you are selling it's the recruits that are the real product.
@@Yurothehotot That's precisely the same thing I identified as well. I did so first at a 'Primerica' (owned by Bank of America at the time) meeting where i not only attended the small pitch gathering that takes place in one's local area but also i attended their annual get together which was nothing but a cheese fest of fraud where the same 6 people got on the stage time after time to accept award after award for various performance measure they were number one in while clapping seal buffoons in the audience were mesmerized and totally ignorant of the con job this annual celebration / award festival was. I left that annual awards meeting at 19 years old in shock how many grown adults are that stupid to buy into the scam you perfectly outlined.
@@MB561 I'm glad to hear you got out of it! A lot of people get trapped in a loop the people at the top want to keep you in as long as they can to leech off your hard work. People lose friends and get distanced from their family because they are desperate to recruit so they can get ahead. I wouldn't wish that kind of thing on my worst enemy.
A mentor once told me, "Always ask ... 'Who is this person, and why should I listen to them?" So the first question I ask who portrays themselves as an "authority" in network marketing is, "Have you built a successful network marketing business, AND ... How many successful leaders have you helped develop who have created a successful network marketing business, AND how many have those developed leaders did the same?" IF they have done this, then you know they are an expert. IF they have NOT, then you really can't take them seriously for your mentorship.
I LOVE everything said about Entrepreneurship taught on the channel. And I appreciate the attempt to try to teach a bit about the network marketing MODEL. Patrick is right. Network marketing is NOT really an "industry." It's a profession and a unique MODEL, which is a self development program with an opportunity attached. Our business is a LEADERSHIP DEVELOPMENT BUSINESS, first and foremost. Sadly, this fact and these roots has been nearly forgotten, and has sent the network marketing business in a tail-spin decline over the last 20 years. However, this is being changed.
The 1 out of 100 succeeding in network marketing can be questioned. It depends on the criteria used. 3% will succeed at nearly anything they intend to succeed at. They already have the personality (the right Wisdom of the Ages mindsets).
Sadly, 70% (by insurance stats) will die broke ... no matter what.
However, there are 27% who sincerely want to succeed, but they don't know exactly what to do. These 27% percenters CAN succeed if they're given directional leadership, and given SPECIFIC and EXACT duplicable systems to succeed.
The "70%er" has a lotto mentality that is easily drawn to network marketing, because it's cheap to get started (barrier to entry is low), and unethical network marketers make claims on how fast and easy it is. These unethical types (many are 3%er alleged "leaders") AND the 70%ers are the source of giving network marketing a bad name.
Yet, ironically, the network marketing model is one of the best chances for somebody with average means, average intelligence, but with above average ambition ... to succeed beyond their wildest imagination. Robert Kiyosaki says it's one of the best ways for an average worker to learn entrepreneurship.
However, nobody will succeed in network marketing long-term unless the leadership has personal self development programs and franchise-like duplicable SYSTEMS in place. Without it, leadership will always have too many monkeys on their backs and eventually burn out, and quit, or move to a different company.
That's why there is a huge void of people in this business with the same company in the 3-9 year range. We call this the 2-10 gap. Until network marketers fix this problem with duplicable systems NOT based on personality, the network marketing business will continue on in it's sad dissipation stage (it's been in for 20 years). Thankfully, this is changing on the grass roots level.
I recommend to folks who want the No B.S. No "Fluff" truth by a mentor, who has developed more 6-figure earners in network marketing than anybody else in network marketing history, to watch this webinar ... (If you want to hear from a REAL expert who has DONE IT, this is worth the watch)
about.mygenesispro.com/cp/17889
Wayne Gerald I'd like to know more about the ethics of your company.
www.gladiacion.com/yoky massachusetts contact for gladia
gladiacoin.com/yoky
Well, that's for you to determine for yourself. I could go on and on about how ethical my company is, but it would likely go out the other ear. One has to experience the ethicalness for themselves. Part of that experience is finding out is if you're getting REAL value. I can't speak for everybody in my company, but I can speak for myself by offering true value from the get-go without somebody spending a dime. You can see how that is, here ...
about.mygenesispro.com/cp/20418
please do not listen to the gentleman who said to make shorter videos. I appreciate every second of this video and all your videos. thus one video would have been a very expensive seminar. thank you for your sincere and generous information!
+S Harlem We won't. It's tough to really teach a subject and go deep in only a few minutes.
People like that aren't looking to learn for the long game.
John Carvajal
S Harlem ur a fool if ur listening to him
Same here. I re-watch these longer videos to learn.
This couple approached me in a grocery store out of nowhere. The wife said I have a very nice tie and then asked me what my interests were and they said they have the same interests. We had a great conversation. The husband then gave me his number, he kept in contact with me always checked how I was and sent me smiley faces. We then met one time at chipotle and mentioned he was a drop shipper, I never heard of that and he said we'd discuss it more next time. We then met at Panera and told me about Amway and it's pyramid scheme in detail. He'd often switch the conversation to something I was interested in and whenever I displayed the knowledge on my interest he'd say I was awesome, cool, intelligent, and you're the man. I felt like a god. He said he would send me some information on when a business lecture on Amway would be held at his house. I now know why he was so friendly. The old saying we all know "If something seems to good to be true it probably is" is true.
red flags go up wenever someone massages my ego now
Dan Lok, David-Bet, an others just target people who are either poor minded or just want hustle. The technical folks, dont have time for their BS.
You really saw john olivers video and thought "ill defend it to my dying breath"
So just having a product makes it legitimate and not a pyramid scheme. Nice loophole
He didn’t say that. He said having NO product is what makes it likely to be a pyramid scheme.
It’s still possible to for a company to have a trash product as a cover up to launder money.
MLM is actually much _worse_ than pure pyramid scheme because MLM victims can never get their money back as their financial loss is usually tied to legal part of the business model, which is the product purchase. It still is a pyramid scheme no matter what fancy names Patrick calls it with, and just because it's *technically* legal, doesn't mean it's ethical.
yeah. nice loophole. lets forget the fact that millions of dollars spent on land deed. another millions of dollars building factories, and millions of dollars each purchasing manufacturing equipment and if you need more than 10, that is more than 10 millions. and logistics and shipping to countries? a few thousands. scammers go hard spending billions and billions before even earning back any money.
A normal sane scammer would rather sell cocains and heroine or set up illegal online gambling Den. HA
@@PatrickAung93 u think Patrick has spent tens of millions of dollars on land deeds and factories to manufacture his product? most clueless take ive seen, u clearly have zero understanding of business or scams, but felt the need to write a defensive paragraph anyway
@@DSM-w3z right back at you. You guys love to say (I don't need to join MLM to know it's "scam") and I cannot come and fault you for misconception but when I mention i know about business... (Which I can find out from friends and business institutions and associations, who have spent tens of millions...) when i say that, Somehow my points are invalid? Talk about double standards HA!
I don't NEED to have spent money or built businesses to know it cost our soul. I have worked with many CEOs and Directors and have been a part of multiple associations
This is the best video on the subject by a country mile. Instead of making people dream about becoming a millionaire "without working" etc you broke down the industry in a thorough way. this channel will reach the 1 million soon.
Thanks DN.
@@VALUETAINMENT network marketing has nothing to do with guerrilla marketing
He runs one- no shit
@@anaklusmosgreek3198 so many people are ignorant on the subject I have a degree in marketing it makes sense foto me
Now 3 million
For detailed notes and links to resources mentioned in this video, AND to get the free eBook, "The Real Truth about Network Marketing," visit www.patrickbetdavid.com/network-marketing/
VALUETAINMENT interesting. My cousins were part of MLM networks called ACN and Traffic Monsoon. Although it seemed impressive it seemed very hard to make much progress. However the network of people they met served them really well in future ambitions .
VALUETAINMENT is that Dino Rizzo that you referred to?
VALUETAINMENT #boom!!
I couldn't get the book. I added my email and subscribed but still no book. Can it be sent to me directly by email via pdf or something? thanks.
Top Muscleeee Building Foods: Eat TTTThese Foоds To Gain Muscle Mass Fast Read hеre now => twitter.com/98d6c4d508a177041/status/822770372575563776 The REAL Truth about MLM Network Marketing
multilevel marketing = a method of selling a product in which someone sells to people they know and then gives training to those people to sell the product themselves. The original person earns money not only from their own sales; but also on what is sold by the people they have given training to.
Perfect. I don't get where the lie or the deception is
I fell onto your videos after starting with a network marketing company. All I can say is your videos have dramatically changed my life. And network marketing has made me grow as an individual and to value personal relationships. You are a direct mentor to me. And to that I thank you!
+AlderetteCustoms 👍🏼👊🏼
Where are you now, do you have a mansion yet?
I never knew Bet David is a sleezy MLM guy, smh
Thanks for the video. The lesson I learned from this video is, "have a genuine product that actually helps people in one way or another, and sell it with a genuine attitude within a reasonable price." And honestly, your this video is a genuine product. You earned my respect.
+Baber Khan You got it. Thanks.
Baber Khan
Are you still listening to valuetainment?
Don't listen to this guy most of his employees don't actually make any money he just uses them for the entry fee. Its sad because he comes off as a legit business owner.... But when you dig deep, almost none of his "insurance agents/salesman" actually make money. He promises income if you listen to him but all he cares about is those salesman recruiting more people to suck that entry fee out of. Not to mention all of the conferences that he cons his agents to go to and he doesn't pay for the hotels or flights and you dont get paid a dime for this "training". This guy is a master manipulator and I will give him that, but anyone associated with this guy Patrick is going to get screwed out.of money. Never heard of a job where you pay your job for the right to work. Fuc*ing joke. Patrick deep down you know what you are doing is wrong and only god will judge you.
@@dasleepytime340 you sound like you were hurt financially and emotionally. Want to talk about it?
Takes the time to judge & criticize a whole paragraph, and ends with
"only God will judge you"
Lol ok
don't you think its weird that nobody in these "companies" actually make money? I have met a lot of people involved with multi level marketing and of them are either struggling financially, or only have money because of their spouse having an actual job. I pity the idiots in this comment section who actually belive in these companies. Technically some people make money, but those people are the ones who were part of the compant from the beginning and got lucky.
Thundernugget dude youre right like where’s the actual money I’ve seen this a lot
You're talking to someone who is. I'm more than glad to answer questions. There is nothing with luck. I worked very hard to get what I've got. It's not easy. Like every other business.
Did they work or tried to just get money for joining
The fact that joining just means you are building someone else’s start up business not your own
@@HunBunnvvManifestions Haha.. You're in 1950s John Wayne biz idea.. Network marketing is the best platform in up coming generation.. Read "The business school " book by Robert T kiyosaki.. You will get more clear ideas about the platform! Do read
The truth is 99.6% of people in MLM companies lose money and they re made to believe it's their fault they're not succeding, while in fact that's not true. The whole goal with mlm's is to recruit and get the recruits to buy the products, not to sell the products. That's why comissions are much higher in recruitment in comparison to straight up direct selling.
Also, Patrick runs PHP agency, which operates as a MLM. If you read reviews of people who worked in PHP, you ll realize their main focus is also recruiting. That's why one of the first things they ask of new employees is to make a list of people you know who might be interested in working in the company.
So take this video with a grain of salt. Pat is biased in his analysis given he runs an MLM company.
Also recommend checking out James Jani's video on MLMs.
And Coffeezilla's videos on MLM
You are 100% correct
"Anything you say is perfect is an easy target." - Love this quote Patrick.
Perfect! Very fair sir. My life was changed by a mentor in an MLM. I no longer do it, but because of him, my life stayed on the right track.
Thank you for giving these businesses a fair shot sir.
+Mario Jauregui (MarioJBiz) Great testimony.
100% accurate information Patrick!!
Network marketing is a great opportunity for people who go into it with the right expectations. Most importantly, IT'S HARD WORK.
The low barrier (usually around $300+) to "owning your own business" usually attracts undisciplined people.
I'm commenting while watching the video and you just hit another major point. LONG-TERM COMMITMENT. If you're just "trying it out", you might as well save your money.
Truly appreciate your drive and motivation.
+George Azide you got it. 👍🏼👊🏼
Yh. Exactly bro
its also shit for most, th-cam.com/video/o5xhNXVfPYQ/w-d-xo.html
Sheep
Holy Sh*t! This is free?!
Core Commando well it's profitable to him too.
Not very much though
it always leads to a scam and you realize you spent your money and got nothing back
This is the age of the internet
Network Marketing truly isn't for everybody. It requires individuals to get out of their comfort zone and face the 95% of the individuals who are uneducated on what MLM is. So many people get in MLM for the wrong reasons and they ruin the image of MLM. They try to force people to get in or force their product which shouldn't be the case when recruiting or getting clients or think it's a fast money scheme. They give up so easily and are labeled as quitters in my opinion. Some of the most people successful people in history like Jim Rohn, Anthony Robbins, Robert Kiyosaki, Warren Buffet, Zig Ziglar, George Zalucki etc all endorse MLM. MLM is known as the business for people who like helping others. Those who call it a Pyramid Scheme don't know what they are talking either. The successful people in MLM are one of the most humble people I have ever met. One of the only skillset you truly need to succeed in MLM is personal self development, that's all. The rest is patience.
Antoine Am I would only do it because of Buffett or Rohn. Everybody else is just a film flam salesman including Robbins.
taoist40 Look up George Zalucki and tell me honestly if you think that of him. Rohn was Robbin's personal mentor so I have a hard time understanding your belief but to each their own
Antoine Am some people take it too far. Robbins is over the top. Of course, that could be his personality. Rohn was very humble when he spoke. I will look up George Zalucki. Thanks.
Antoine Am finally someone that's educated Robert wrote a hole book bout it it changed Jims life
Sales 101 - "DON'T SELL FEATURES. BUT SELL BENEFITS. " Example: if you're going to sell iphone. You're not going to say this product has a lot features, it has bla bla bla, it can connet to this and that. but rather we say, the best thing about this Iphone, is that it can help our life easier. " Features tells about the product more. but Benefits tell about how the product or service can help the customer make their life easier. hope it make sense to you.
WFG vs Primerica vs PHP
The real differences , that would be a great vid
This is the one thing that MUST be explained to us....
There is none 💀
Compensation, products
They have different names but it’s all the same scam.
They hide behind a different product, that’s literally the only difference. The business model and how they make their money is the same.
Wow!!! as a professional Networker and someone who always watches your stuff I am blown away by the amount of information, neutrality and value this video added. Patrick you are something else! You don't know how your videos alone make me 100% confident I will become a Millionaire in my industry simply because you teach to the T how to get there. All-the-timer, 10 year commitment, self promote, etc. Before I die I wish to touch as many lives as you and add as much or more value. God bless you Patrick, you are one of the few people I know that allows me to realize becoming successful and wealthy is a good thing and not the 'evil' thing most of us, children of 95%ers, are taught it is.
That's the idea Aurelio. I'm glad the channel is helping you get clear on a strategy that will produce results.
Yeah this is pretty awesome, I really appreciate this video 👍
Yea same lets go man🫡🙏🏾
Recent court rulings now force MLM companies to make sure their distributors sell products to retail customers as opposed to strictly recruitment of others to sell products. The problem most mlm'ers face is the ability for people to search for similar products at a lower price elsewhere. That's when autoships drop, sales slow down, and people drop out. It's a constant grind to maintain a team.
When I saw the REAL truth in the title and the fact that it's over an hour long, I was like "oh dear..."
Sir, you've met and exceeded all my expectations!
This is an great video, as a MLM'er, I learnt some and confirmed my belief that product and customer fit are important.
Digital Marketing....we know who he was talking about there....;)
"KNAWWLEDGE...."
WaqarDepp who ?
Gotta love that Thai Lopez reference
THE MLM KING HIMSELF secretly PHP 😉
Yup lol
I'm writing from Portugal. I have not heard such a wisely opinion about this theme for a long time. Thank you so much.
Thank you Jose.
VALUETAINMENT i want to ask you a question. i am willing to start an online business but i don't have a lot of money can you cover up a topic on tips to create an online business with small money thanks patrick for the great efforts bye 😃
Valuetainment I have a great story for you are you willing to listen
Hello Jose in Portugal.
I'm in AZ 🇺🇸. How is Portugal in the near future for travel plans to visit ? I would love to hear your thoughts on the subject.
The best to you and your family.
An interesting video to watch. Usually I don't be bothered to watch a lengthy video but this one really made me sit and listen to every explanation. Thank you sir!
Things to lookout before joining or be with:
1. Company
2. Products
3. Compensation Plan
4. Support System
5. Timing
I'm glad to be with the company I'm with.
Actually John Oliver nailed it. I've seen many fall for this MLM crap.
My friend came to me with this amazing business, by the time I was listening to him I found out he is talking about MLM. He's been told about thousands of dollars he's about to make as a side job but this video made us both rethink the idea and we are thankful for that.
خیلی خیلی سپاسگزارم. کاره تو عالیه.
PS: My farsi still in progress, hope there are no mistakes
Why on some websites and on BBB people are calling PHP agency a pyramid scheme ?
Because if everyone was in a PHP, we will all be wealthy... does the government want us to be rich? absolutely not lol
@@itsalwayskenny4159 Pyramid schemes are all about recruiting (altough some have a product to hide behind), basically:
- if the more people you sign the more you go up in the ranks
- if you have to pay tp play (making the recruiting lucrative)
you're in a pyramid scheme. You can make a lot of money in those, but only if you get in early or have a big following of people to recruit.
When you recruit you are giving them the opportunity to write business as an agent by themselves and become coded. State farm and all these insurance companies do the same thing as these "pyramid schemes". If you want to sell insurance by yourself that's fine but why not show people your wealth in the business and then create a team. That's how business works 😂😂😂 but we can agree that recruiting your friend you havent spoken to in along time to join your team to sell insurance is a bit much.
@@itsalwayskenny4159 i hope ur being sarcastic lmao
@@halfbloodprincess989 every business recruits and makes money off you. That’s why there is car sales people and car dealership owners. When will the car dealership owner teach the car salesman to one day be an owner ? When will the Real Estate broker teach the sales agent how to open his own brokerage? Keep in mind the real estate broker makes money off you when you sell a house and I don’t see people saying being a real estate broker is a scam.
a pyramid scheme has no product if u get 5 other people they'll pay you 500 then it goes up etc top person wins
You just described a Ponzi Scheme. Pyramid schemes have products. Think Advocare.
@Kevin w pyramid schemes are a shitty business model
I'm into network marketing and I agree on everything Pat had said on this video and will be sharing and make this as a teaching tool to my associates.. Thanks Pat.
David, Thank you for that video! I am proud to be a part of network marketing company. You were spot on your observations. I thought it was very thoughtful and well research from your own personal experience and that of others. I am proud of my company because we don't paid to recruit but move product through a pipeline to consumers. When I talk to people about our opportunity I talk about the person that might just need a couple hundred buck to improve his family's life. Maybe they just want to get out of debt. But I also tell them that they are going to work hard that they ever have before. I stress that there is no such thing as "Something for nothing.' I also stress the importance of personal development. I tell them that 'Readers are Leaders and Learners are Earners." So as I watched the video, I saw something that I can improve and learn from. So again thank and keep up the great work in cheering us entrepreneurs on!
Bob Daves it's always best to be honest and have integrity. People are attracted to authenticity. Glad you enjoy what you do. I tried many mlm/network marketing companies and could never find the one that was completely honest. Even some Amway people have tried to "manipulate" and "deceive" by saying I could be at the top in less than five years. It's always been my standard to be real. People will not succeed by cheating no matter how much money they have.
Thanks for your comments. I try my best every day to serve the people that purchase my products and the members of my team. There are a lot of companies out there. I have been fortunate to find on that I have a passion for and gives me the opportunity to serve others. I am honest with people that like David said in his video that you have to work hard. I work harder now than I did ever in Corp America. That servant leadership starts at the top of our company and it shows in every leader in our organization. Again Thanks! I wish you the very best in whatever your heart desires!
taoist40 I would highly recommend the network marketing company I am with. We are expecting an announcement Jan. 14th that we are going international. More specifically, Japan. Our saying is "Never Sacrifice Integrity for Growth." I hope to talk soon!
I am going to stay where I am at! I have over 3,000 on the one pay powerline on the health and wellness side and 4,500 on the one pay powerline. Plus, I have over 200 personal sponsored on health and wellness and over 50 personally sponsored on the travel so I am set for 2017.
Awesome job Bob, Are you apart of more than one Company when you mention your numbers? If so how were you able to manage? Is that recommended?
probably the most honest MLM explanation I've ever seen!
Yes
@@captainloki9585 if only he told us his PHP agency is an MLM too.
@@ronk2452 what you mean explain more
@@darthxknivesx watch this video
th-cam.com/video/Nmhp7Qrdr7Y/w-d-xo.html
The thing I hate about mlm is the way they prey on people
The thing I love about Patrick is that even in his long videos, he crams so much info and relevant back story that you can'y help but listen.
You are *DEAD ON* on a lot of the people in network marketing ... misrepresentation; over-hyping the"get rich quick" scheme; not being honest about the hard, HARD, *HARD* -working part; not being honest about the *LOOOOOONG* time it would take to even start getting the first comp check; the push-push-push people to buy and join; the over-the-top mark-up of the product price.
You are also right about network marketing can provide a tremendous learning and self-development opportunity for individuals lacking in certain areas to succeed on their own.
I was (baited and hooked) in one (Market America) after having escaped the baiting of many different types of network marketing "opportunities" since the college days (vitamins, financial - World Financial Group, etc.) Was in Market America for 2 years, learning all that time, hence, I speak from *REAL* experience.
BTW, this is a very balanced talk on this topic. :)
World Financial Group couldn't bait me though because they showed their hook too early ... I was invited to one of their local meetings; there their recruited agents and enrollees were coached on how to do their own recruiting. At one point, they were told to get the people they've enrolled to take the licensing exams (for which the recruits have to pay hundreds of dollars, and they would have to complete a series of these licensing exams) as soon as possible. The up-liners said that, after a while, the new recruits would have invested such a substantial amount of time and money in obtaining their licenses that they would be inclined to stay in (the business network) and grind it out (meaning getting them stuck so that they would have to stay and work to sell policies and recruit down-lines even if they have to work hard and long.)
These people are this scheme-y!!!
here in japan, net marketing is a popular method among young ppl. good vid realized lots of philosophy
Matsumoto Hiroki YEEEESSSSS. MY SALUTE TO YOU ALL AND CONGRATULATIONS.
The numbers you all make there is incredible. honestly its an example of what should be happening here in America.
Salute
I too enjoyed the video and the concept. I am particularly interested in co-ownership and equity.
Hey Pat, Mario and the rest of you at Valuetainment, I just wanted to say thank you for all of the content you provide through your channel. I've subscribed to you guys months ago and watch a video every morning. I have to say this video couldn't have come at a better time. I'm a 25 year old aspiring entrepreneur. The other day the opportunity to make some residual cash along side the income from my job and my brother and I's audio engineering startup GEWP through LegalShield was presented to me. I've been debating whether to give it a shot but the idea of attaching my name with a "scam" or get rich quick scheme really didn't sit well with me. After watching this episode it has given me many things to be weary of and assess in my decision to join this business. I do wish you had spoken a little more on them specifically but all in all great video. One day I do wish to meet you and Mario. You have been a big part in my daily regimen for the past months. Thank you all for being an inspiration and distant mentor. #ImGewp
P.S. If you are ever looking for music for your videos we would love to provide instrumentals or songs for you.
+Lawrence Jenkins There you go.
We're always looking for good music to consider for the channel. Feel feel to email Mario at marketing@patrickbetdavid.com.
#MLMIsAPyrimidSceme like PHP
"I experienced it at 20 21 yrs old....thats why I'll never Touch network Marketing and went to MSDW....Chose the financial Services industry"
Yet, after MSDW, He went on and joined WFG, an MLM, network Marketing Business..... Yea right
When I was in my early twenties some of my friends and relative forced me so much to join and my question to them was is there any product. I always believed that if company dont have product then it can not last long. Today, with this detailed research work you have presented in front of us assures that with lot of other knowledgeable aspects of the industry, Thank you for that. I can soak in all the information you broadcast all day along and everyday.
OH! By the way, I am missing that final tone (boom) from so many videos :P
Excellent.
The boom is coming soon. ;)
great video pat. BTW, that kid who messaged you saying that most people were responsive to his abusive marketing was lying. I was apart of a company that encouraged us to say that as script. That company doesn't exist anymore.
I can see why.
In most MLM companies, less than 1% earn enough to make a living off of. And that is before expenses, it's not profit. Think twice before being gullible enough to listen to liars like this guy
Please don't make it so obvious when you are so stupid
Mulut Lewat Mulut he’s right look it up. The people you see at your “weekly” meetings talking on stage are the select few that are making major profit over other people who aren’t and are keeping this “ dream”
@@jcvelez915 just like the boss employees see on a regular weekly meeting is also a one in a 100 or more employees that make waaay more money that the slaves working 9-5 ... These 100 or more slaves 99 of them won't be a boss in that same company no matter how hard they work. Sound like a pyramid scheme to me.
Mulut Lewat Mulut some people never want to be ceo or head of companies in fact majority of people are just fine working like that for the time being until they move onto to other things. If I work at some retail store I know what I’m getting into and I can leave anytime with little repercussions. Meanwhile that mlm shit makes you stay and pour money for nothing. Please respond so I can educate a little more
@@jcvelez915 some people never want to be in top positions? It s more like most people can never be in top positions. You sound so shitty. Most people will never be. Most people are broke and poor for sure. There are more people in the world working like slaves doing 9-5 than doing MLM yet most of them are shit and they are poor. Biggest scam ever. Cubicle scheme is modern day slavery.
Network marketing/MLM is indeed an industry!
It produces more millionaires than any other other industry.
Yeah, because it keeps funnelling wealth to the owners of the company. Us little guys end up being totally financially shafted.
I love this video! I work for an MLM and you are right on the nail! There are things that are difficult to chew on, but its the truth and its making me realize that i joined the right company! 40year+ company who is a linear!!
Hey Man. great stuff you have here. I was actually, thinking on trying to venture the MLM business. No one ever sold me to joined because of all the reason you've just said. I sold my self on weighing the pros and cons about MLM and Network marketing. So thankful I found this video. For I was looking for an information that will definitely help me how to really sell the product, myself and the company. and not the compensation benefit. I'm sick hearing those networkers saying that you'll going to earn this blablabla in just a matter of blabla. I mean, come on! Seriously! Networking or MLM is about selling the product itself not the compensation benefit alone. - Anyway, thanks man! Such a great stuff you have here. Now I'm even more confident in venturing the MLM business. Thanks to you man! I mean, I was selling myself, trying to convince myself that is a great business. I'm actually doing the same thing that you're doing to yourself. "Selling the product or idea or service to your self first before anyone else. And if you can sell it yourself, then you can sell it to others. By the way, do you have any other videos that are great stuff such as this one?
G-TV So did you join a company?
not yet Probably 1st week of april. I'm still making appointments with different company member. Making sure I have the right product that is good for short and long term, and also marketable. You have anything in your mind?
G-TV I am part of an mlm. If you dont mind i could send you a presentation.
Yes sure. But I'm looking for a company that are selling basic needs these day. I'm currently looking right now on herbalife and some other MLM company here in the Philippines.
G-TV My companie is only in the US.
is there bias here if you are the ceo of a multi level marketing company?
Here's one thing I know about PBD and this channel. You'll always get the real truth about any topic in discussion. A true testament to PBD and valutainment's credibility.
As an independent contractor in ACN, I agreed with all points made in this video, especially the 10 year commitment and I can respect the telecom and technology comments you made (the founders of our company are no idiots, they realise what you said the best which is why they got into energy, wellness and personal care and are still going strong today).
One thing I would love a statistic on is the number of people who quit MLM in their first year, they're the ones who bring the worst name to our industry. Sheer lack of personal growth and dependency on others.
Love all you do Pat. I hope this video goes viral and all the MLM leaders take heed in what you and other legitimate entrepreneurs educate on!
also, I followed your link and subscribed to mailing list (again lol) and verified address. but didn't receive a PDF. How can I get it?
+Perpetual Eden, sorry to hear that. You should have received an email -- may have gone to spam, so please check there. The email has a link for the PDF. If you don't see the email in spam, please email Mario at marketing@patrickbetdavid.com. ~Rebecca, VT support
Thanks Rebecca will have a look!
This is spot on!! I plan to use this video as a great 3rd party endorsement, so thanks! I 100% agree, and am currently trying to turn around the negative stigma that's associated with network marketers by teaching people how to do it the right way.. In my organization we aren't in the business of recruiting, instead we thoroughly vet and select our candidates. We believe in preparing them for business ownership and giving them a full expectation of what it takes to become successful before we agree to bring them on board. As a team we understand the value that we bring and the great opportunity that we have so we do not prostitute ourselves or our opportunity.
My business is powered by Amway, the greatest company in the game.. (literally #1 on the DSA list)
Just wanted to give you a little backstory that you might not know, that sets Amway apart from every other NWM company there is. When Amway was founded It first started with 5 couples that came from another business (that Amway later acquired) (the DeVos', VanAndels, Victors, Hansons and Dutts) they first formed the IBOAI (the business owner association that makes all the decisions).. Only then they went out and found products and formed the company. It is truly we the people, we created the values the company was built on. Every other MLM is company first, then distributors. Our IBOAI board is made up of a majority of IBO's (Independent Business Owners) who are elected representatives of the field, so they outnumber the company representatives, which means no decision can be made to change anything with the company that would fundamentaly affect our compensation without first being approved by IBO majority. There's nothing else like it. Amway has been around for 58 years and paid out over 55 Billion to IBOs. Amway is also debt free and privately held, which means more money paid back to the IBOs, more money into R&D, and more ability to pivot with the market. We have the liquid capital to acquire and adopt winning niches and absolutely blow them up... If you asked about the philanthropic generosity of Amway we'd be here all day, the list is endless.
Thanks again for getting the truth out there, we tell people this is a 5-10 year process to financial independence (IF you follow what we teach)... It's going to be harder than you think, it might take longer than you think, but the rewards will be better than you can understand. Be great!
Two problems that usually comes up when someone I know is in an MLM or network marketing:
1) A desperation to pay bills; and
2) Political economic proselytizing.
Maybe that's the goals of some of these companies therefore it does the opposite.
you honestly reaffirmed why I joined network marketing, for the pure experience on entrepeurship. I thank you again for everything you do.
Juanmanuel Vizcarra Oh you poor man. Working for a MLM scheme has nothing to do with entrepreneurship. Do you manufacture the products yourself? Do you control the pricing? Do you decide the methods of distribution.
How has it worked out so far? Just getting into it myself..
@@alexanderrarick2071 what's your thoughts so far? What company as well?
2 years later and no response uh oh
I have to be honest. I just watched John Oliver's show and it will take a lot to convince me that there is anything good about MLM's, so now I'm going to watch your video.
Let me know once you finish watching this video.
I really appreciate and respect the part where you talked about painting it real. That was very cool.
When you talked about teaching people to manage their finances, I wondered what you thought about Dave Ramsey's philosophies and would like to know your opinion. This video brought me so much clarity, and I finally know the real definition of a pyramid scheme. Thanks!
I love your vids but by far---This is the BEST BEST BEST talk about network marketing I have ever heard!!!!!!!!!!!!! Had to share it!!!!
+S Currie Thanks.
222 k views? Phew. I will bring this video to 1 bilion views. Trust me, just give me time. Freaking incredible what you did here (and in the PDF). There are so many hateful opinions, misleading information as well as overselling mindsets of people inside the Network Marketing philosophy that it's unbelievable. I will translate it to every possible language I know and post everywhere I can. Gee, I am stunned. Thank You Patrick. Wish you all the best ;)
The only thing I can see here that (maybe changed for the last couple of years rapidly) is that it's good to have an approach of '10 years' but it's not needed to have a success with Network Marketing. For 6 companies that I checked out recently (only in 2 I was involved but checked a few others), I met people with organizations for 10 - 20 k network of people with sustained income of 5-10x the average salary on a full-time job which they worked for 1/3/5/7 years, so they made it faster than the 10 year markup. But yes, this mindset it very good to have at the beginning to understand the entrepreneurship side of it and don't choke with the success but approach it with a clear and rational mind ;) Cheers!
PBD out here responsing only to the positive comments while literally trying to whitewash pyramid schemes. Bernie Madoff must be SO proud.
Bernie was a Ponzi Scheme…
The biggest thing that always bother me about mlm/network marketing strategies is that the company always tries to sell the opportunity as "entrepreneurship". I agree that there are some viable network marketing opportunities that some may choose is right for them but if you have no control over major company decisions like whether or not a product or service gets discontinued you aren't the entrepreneur. Furthermore at the heart of entrepreneurship is creation and innovation.
I agree, MLM is not the end-all-be-all for "entrepreneurs". But a select few good ones can certainly get one ready to setup a new team that can deliver an innovative product or service. One way to start that without going through the VERY expensive and time-consuming struggle of building a minimum viable product into a product is to build a sales team, and MLMs were meant for that. There are other ways, but I'd argue any sales training program that gets people to build a credible sales team is gearing people up to become entrepreneurs, MLMs included.
It's not a philosophy, its a system.
U remember ur Ferrari ad. Quick rich scheme . Fake it till U make it right . Ur so full of it . Then U go to podcast. U just regurgitate everything like kiyosaki
Man Patrick thanks for this video, I have been approached by two network marketing company and turned both of them down because I didn't feel like it was for me but it stayed on my mind and now that I watched your video you strengthened my opinion on it even more thanks for your teachings I am a big student of yours. Keep it up!
Time to reconsider Joel - let’s stay in touch on Instagram @Lisanyc_
Whoooo... 1 Hour flew like a minute. Thank you sir. Sharing with my friend right now.
+Kukku Joseph Jose That's the idea. You got it.
19:00 “mario knew about sex toys “😂😂😂 I spit my coffee
My favorite part out of this whole video was the rant on the perfection, pure truth man. People are tired of this so called perfect life, they want the truth. Keep up the videos. Thanks a lot.
There's something strange about the stigma on network marketing. They said, "the only way to make money is to recruit." Then WHY THE FUCK CAN'T YOU DO THAT?" 98% either lose money or break even. That's because people don't know how to recruit ethically and can't sell. So let me get this straight, you join in network marketing without the ability to sell and recruit all the while are not willing to self-educate yourself with those skills? OF COURSE, YOU WOULD FAIL, YOU SET YOURSELF UP FOR FAILURE. Of course, I can see the excuse "Well my leaders told me this and that." Guys! You're all independent contractors, the concept of getting FIRED doesn't apply here nor do you have to listen to your "higher-ups." I have never lost money joining any kind of network marketing opportunity, I either make money or break even. Admittedly, there are scams but I know what to look for. Network marketing and MLM existed WAY before pyramid schemes.
pyramid scheme yeah The number one comment as soon as you start talking about network or mlm , ,thanks for this cool video how you explain it and EVERYBODY should watch it to understand ....the meaning of Network marketing and what its really about ....yeah I happen to watch the John Oliver did on HBO . so for sure I will use this video and pdf . Thank you dude
Youngblood68 right
Let me tell you a story, I was watching this video, I learned so much and felt enlightened, i looked at how long I was watching, i couldnt be happier that I only watched 15 minutes until then.
A pyramid scheme can have a product. If the product is basically only being sold to people enrolled as distributors then it can also be a pyramid.
I was waiting for you to make a video on this topic and you assured me 100% that I'm getting into the right network marketing company. i'm definitely sharing this with people. your TH-cam channel definitely helps people in network marketing
I had way too many emails, snapchats and facebook messages about this so eventually we had to make the video.
***** thanks for everything you do I get a lot of value from your videos which I apply to starting my network marketing company
Bad Christians don't invalidate Christianity in the same way as crooks and cheaters don't invalidate Capitalism... Great content Pat! Always enjoy watching your work. - Andre
Scientology is currently trying to claim they're Christians in order to be more valid. A lot of Christian cults and sects, like the ones which are "prosperity" churches, serve to invalidate Christianity. Until I researched cults and religions I thought all Christianity, including Catholicism, was the same.
The problem with MOST of these companies is not which marketing tactic they use, its the fact that the company makes its money, selling its REAL product to its sales people. These sales people pay money to join the company. They receive the product. The company could care less if that product makes it to customers. Once a new "consultant" goes through thier network, which is friends and family, and they do pity purchaces of subpar products. After awhile this dries up. Thier sales slow down, and the companies pressure them into purchasing new inventory. You need the newest styles, you need to have a bigger variety they say. You end up paying out of pocket for crap you wont sell. All the events they pressure you to go to, they dont comp those. Air fare, lodging, meals, all out of pocket. This is why 99% fail. You know how the ones who succeed do it? They dont sell, they recruit. Thier downlines use up thier pity purchases, prey on vunerable people with promises to get rich with little effort from home. Like you said, the pyrimid comes from recruitment.
Bottom line is, they skirt the law, because a product exists. It is only to make it legal, as most of the time, the product is irrelevant, as the company gets its main profit from recruitment, and flooding garages with garbage inventory. Like i said, it doesnt matter if product reaches consumer, thus, it makes the product only good for legality's sake.
Isn’t php agency an mlm
Yes
I met the founder of Excel I was at a viridian mlm event he spoke there and I got to speak to him for a few minutes and I know the son and daughter of the couple owner of acn great people this is very informative I love this video
👍
This is why I fw you so heavy! I just made a similar video and deleted but so happy to know I was right on the money 💯
Are you still pursuing network marketing?
Same
Network Marketing isn't perfect, it has its challenges but it's better than any form of entrepreneurship on earth, there is no other form of entrepreneurship of the average person that can beat this, no one can debate me on the subject, no one can beat me on this subject it is indisputable it's better. -Eric Worre
Great video... You broke it down very well. The main problem with Network Marketing is the people who come in and do all those things your mentioned i.e.1. jumping from company to company within a very short period of time. 2. talking that "making millions" in a week garbage 3. bad mouthing all other network marketing companies (so not cool) 4. saying "You dont' have to do anything (totally BS). If you don't anything, you don't get anything. That is just they way life and they universe has always worked. Thank you for breaking down Pyramid Scheme and Ponzi Schemes. People are so quick to holler "Scams" too and most of the don't even know what that is because it's never happened to them. They heard it on the news and now they run with it.
I like how you set straight the difference between Direct, Network, and Multi Level MarketingI peersonally think there are many scams but if you find a respectable one that has an investment that will be restored easily, then go for it
"It's not an industry"
41:55 (and several times previously): "...the industry..."
... "...the industry..." ...
:-/
Which is it, Dude?
The problem i have with mulit leveling marketing is the price of the products. Its over priced. The only way you can sell the product is by misleading them and selling them hype. If you happen to get someone to buy in they only buy a few times because Common Sense kicks in and they no longer buy from you.
ACN, ACN, ACN 😍😍😍
mentioning the company I work with
fln family Patrick I love this video and agree with everything being in network marketing 2 years I definitely agree & I have traditional business too and I definitely have benefited from your videos thank you
I have been contemplating it. I have already went to their National Conventions, saw the people who succeeded, met the co-founders and spoke with them. THOUSANDS of people from different age and different background succeed in ACN and that's not even an exaggeration. I've met with Doctors, Lawyers, Engineers, full time and part time students, all doing ACN and the atmosphere was incredible. What I mostly love is the leadership on how no one makes money or grows in position if their downline doesn't make money or grow in position either. Also it's the only MLM I know that allows you to already repay your 500$ investment in only 30days and triple it within the 60 days which they call starting bonus. The great point about it is that you aren't selling a new product, you're simply redistributing it like a Costco or Expedia for airplane tickets.
You met 1000's who succeeded, but none of the 100's of 1000's who failed. Thats to be expected at a convention....no?
You clearly never went to the conventions. ACN calls up to the stage EVERYBODY in the audience that have obtained a new position. Whether it's the smallest position to the highest. My friend who started ACN only 9months ago invited me to the convention and he did not even expect to be called on stage. He's not rich but he's financially independant knowing he has X amount coming in automatically in his bank account. Also, if you read any book about success, successful people don't look at those who failed, they look and follow those who succeed.
my mentor made £500,000+ he's first year and his mentor helped 2 others do the same all of them did not have experience in the industry but they worked hard hardly slept it was not easy but I know people in Acn who have not made money in 8 years are no rvps it's not easy Patrick said it all but if your willing to give it 10 years it's definitely worth it
Insightful... Stretches me out a bit on my perception of MLM. Honest, I was hesitant to listen to this, but your astute way of talking about "different philosophies of marketing" kept me listening. You're such a great communicator! P.S. I think podcasts are the new radio. So, businesses "sponsor" podcast shows to get promoted and get business. And most times, it is very effective because podcasts have niche audiences...
+joshuaogaldez I agree about podcasts becoming the new radio.
The diamond in the rough of youtube content! Incredible Pat. I honestly really appreciate what you are doing for everyone and myself with Valuetainment.
+Joe Saleh lol. You got it.
have you considered any podcast platform? please let us know if you have. This channel is so helpful
Yes. We officially launched one a month ago. Just search for Valuetainment.
Great Great Great video!! I don't agree with people that say it was too long. This topic is not easy to explain and you covered a TON of content! You covered pretty much everything. Thanks again!
+J Travel Club It's a tough topic to do in a short video.
Recently got into a MLM that fits in the 3-7 years range. It doesn't have any of the red flags and most of the "what to look for" were met. I'm super motivated right now. The comp plan is the best I've seen out of MANY. It is a mix between the binary and matrix. I'm super hyped!
Thank you for this Pat! It's been tough to do this business but I really see the value of network marketing since this is what got me into entrepreneurship and set me on the path of growth and freedom. So happy to see you set the record straight!
You got it.
I’d be willing to bet you’re no longer in network marketing
@@brothersbylawpodcast5191 No, but still an entrepreneur and business owner. I’ve launched and run several food brands now hahaha
I can see how much effort you put in this youtube videos. Keep it going, I have already started to write down ideas, tips, strategies and apply for my own business. Thank you!
+Elijus D Thanks for the love. We got big plans with valuetainment.
Brilliant analysis of the MLM business model. Thanks so much!!!
He knows best coz he runs one. called PHP agency
Yeah its a pyramid scheme, they want 250 off the bat to join.
This is the first video I've seen on your channel. I must say , this is one of the most well organized , if not the most organized video I've seen in a long time. Structured so well. Thank you. Learned so many new key points.
+Mikey Rivas thanks Mikey.
8:51 I am so sick and tired of Tai Lopez whenever I watch some video that guy keeps coming up!
That's probably exactly who he was talking about lol
That's why he is making more money that you hahahahaha
Dayem Siddiqui knawledge
HAHAHA EXACTLY
KNAWLEDGE!