My ex got into 3 MLMs and turned our house into a warehouse of product she ordered "to sell" so she could keep advancing up the ladders... Tens of thousands of dollars of CRAP.
@BrettsCorner9210 ай бұрын
You're lucky you only have one wife to put up with.
@BrettsCorner9210 ай бұрын
But The Four of Us do rather well.
@turtleanton65394 ай бұрын
Mygod
@turtleanton65394 ай бұрын
She liked buying but not selling/working😊
@mikederucki Жыл бұрын
Born and raised in Utah, MLM capitol of the world. Yes they’re all scams
@rodrigofernandez9055 Жыл бұрын
They are brainwashed to believe. It is also the pyramid capital of the world.
@FastwayIndustries21 күн бұрын
The Grit is a huge one lol
@zabingalo260414 күн бұрын
I have an old school mate who is currently deep into hgi here in Utah as well. Hate to see it happen!
@davidchidester546312 күн бұрын
The amount of friendships and family relationships MLMs have ruined in Utah is criminal.
@zabingalo260412 күн бұрын
@@davidchidester5463 we live in such a brainwashed state. all the crazy polygamy and Mormons along with the opiate crisis here is insane.
@normanscoke109 Жыл бұрын
My wife and I were a part of an MLM for 10 years and we lost over $120,000. Don’t ever get involved with one.
@janeddooee Жыл бұрын
How did you lose so much? I thought people usually only lost a couple thousand
@wfTitus Жыл бұрын
@@janeddooee Cult frenzy syndrome. It's highly contagious in large crowds.
@crowtservo Жыл бұрын
@@janeddooeeHe stuck with it for 10 years.
@bigscores723711 ай бұрын
@@janeddooee As backwards as it sounds, they probably lost 6 figures in the MLM by _moving_ _up_ .
@janeddooee11 ай бұрын
@@bigscores7237 woah
@willelliott5052 Жыл бұрын
I once overheard an MLM newbee training session in a hotel conf room adjacent to mine. This young gal was telling these aimless kids to "cry like a baby" to their relatives until they got what they wanted from them. They were also practicing their guilt tripping on mock calls to relatives. It was disgusting. I wanted to walk over there and tell those kids that they must have greater self respect to succeed in life. I forget which MLM it was.
@bpeper1365 Жыл бұрын
Might have done some good if you had
@ihsv85 Жыл бұрын
If a job interview is in an hotel, it is a scam. If you have to pay for a job, it is a scam. Student loan is not an exception to the rule.
@paleo7049 ай бұрын
@@bpeper1365or maybe they would’ve sold him
@turtleanton65394 ай бұрын
Its all of them. Only thing that actually works 4 them
@funtechu Жыл бұрын
As crazy as it seems, Dave is actually still being *too fair* to MLMs. The average pyramid scheme participant actually makes *more* money than the average MLM participant.
@Riggy9319 ай бұрын
He’s afraid of talking shit about any legal business. But he refused to be compared to them. IMO he knows it’s a scam but is afraid of insulting some rich assholes he knows.
@scamacho57 ай бұрын
Yeah and he's quick to talk down about trading. Definitely have a much better chance in trading than you do in mlm
@Polo2254617 күн бұрын
EXACTLY!!
@cesaravegah3787 Жыл бұрын
Yes, Dave used to be being too soft on this because he have friends on "legitamete" MLMs, is good to see that is being more vocal against those schemes
@joesmith3590 Жыл бұрын
Yeah the moral part isn’t even about if you personally make money or not. It is about is the product recruits or items.
@user-mv9tt4st9k Жыл бұрын
I knew people who got involved with the term life insurance craze of the 1990s. A couple of them made good money as a side hustle.
@x_Artius_x Жыл бұрын
I think my favorite part about MLMs is they produce these people who are so clearly trying to recruit you into them that it’s laughable. I love denying their offers for “lunch to talk business” by saying “sorry I have no interest in a pyramid scheme”
@mistiinseattle Жыл бұрын
I was once dating a guy who sold household products through a popular MLM. Once my brother and his wife invited us to dinner. After dinner my date brought his kit of stuff and started a sales presentation! I later apologized to them. lol that relationship did not last much longer. I also went with him to one of their "rally" meetings and it was pretty much a worship service of the stuff.
@funtechu Жыл бұрын
I take them up on the lunch to talk business as long as they are paying. Then I try to pitch them why they should quit :D
@supaman321123 Жыл бұрын
If you have to pay to be a part of the MLM monthly. You're the product.
@NiketaChristinaSpeaks2 ай бұрын
You pay websites lol
@jenniferculipher4058Ай бұрын
Exactly
@OopThereItIs77777 Жыл бұрын
Listen, I had a lady for MONAT hop into my DM asking if she could use a picture of my hair saying I used monat. I said “I don’t use monat” & she still wanted to! Those people are a mess
@DinnerTimeFan Жыл бұрын
They are complete scams. You are a fool if you get involved in one.
@juanrocha8544 Жыл бұрын
My experience with MLM: it becomes incredibly difficult to have truthful relationships and not feel like you have to turn every friend and acquaintance into a new recruit. You’ll become the “MLM person” and if not careful, you’ll destroy every relationship around you. Some people make money (few), some don’t (most). I got out of it because it was exhausting to not be able to have honest relationships without bringing the MLM subject up and constantly chasing people around like a Jehova witness. They’re not scams, but are definitely not for everyone.
@charlesg7926 Жыл бұрын
That sounds a lot like a scam to me, bro. The vast majority of people lose money, and everybody doing it harms their own social life. That sounds horrific
@charlesg7926 Жыл бұрын
I recommend that people start a blue-collar business or IT business or some type of “service business” if they want to make money. Not doing MLM
@jenniferculipher4058Ай бұрын
I care too much for my family and friends to put them through that. But my husband is in an MLM and hasn’t made a dime on it 🤦🏼♀️
@RickInMaryland Жыл бұрын
If only Dave denounced multi-level marketing as strongly as he does using a credit card and paying it off every month.
@maxpendley4357 Жыл бұрын
It’s because Dave’s certified financial advisor program itself is an MLM, so how can he denounce them?
@funtechu Жыл бұрын
@@maxpendley4357 It is not an MLM. He just doesn't want to strongly denounce MLMs too strongly because MLMs are popular among conservative stay-at-home moms which are his primary demographic. MLMs thrive in church and synagogue communities.
@justoguillermomontoya3821 Жыл бұрын
This is a huge blind spot for Dave unfortunately. Doesn’t undermine his other points though and it’s a strawman and red herring for people to try and make it seem like it.
@gm2407 Жыл бұрын
@@futuremillionaire72True, but at least Dave gives away a great free product with no need to join. Baby Steps is all out there for anyone to do without buying a single Ramsey product. So it puts him at a higher threshold in my eyes than any MLM I have heard of so far.
@funtechu Жыл бұрын
@@justoguillermomontoya3821 The specific type of fallacy is called the "poisoning the well" fallacy.
@MrPeach1 Жыл бұрын
He is right about using up the "call list" I had friends in MLM on social media and they turned the friends list into a client list. All they ended up posting about was flipping face creams....
@Hiker2110 Жыл бұрын
I'll never understand why anyone in 2023 would join an MLM. Anytime a person would reach out to me to try and recruit me or try to sell products to me, it would negatively affect my relationship with them.
@2jcward Жыл бұрын
The same people who buy timeshares. 😕😡
@DiscoBaker Жыл бұрын
Yes!! Like how are we still falling for this as a society??
@AprilFriday-de6vm21 күн бұрын
It’s hard to maintain relationships with colleagues who do these MLMs. I am in a profession that requires a masters degree for entry level. Most people in my profession make $80,000 minimum with my level of experience. Yet somehow many people are selling skin care products and polyester dresses on Facebook? What is this?
@scoobie8amg Жыл бұрын
I did Cutco one summer in high school. The knives are fantastic. I still use them now 15+ years later. But yeah, I lost money.
@Wythaneye Жыл бұрын
Cutco makes fantastic knives. The problem with Cutco is that they sell at a high price point that few are willing to pay. Your friends and family generally aren't interested in shelling out $100s of dollars for knives because they "might" be better.
@parker10551 Жыл бұрын
I started cleaning windows on the side and now make a living running my full time Window Cleaning Business. I'd avoid the selling game with MLM and online sales unless it's YOUR product.
@jill9606 Жыл бұрын
I appreciate Dave being forthcoming about this. Over the years, he hasn’t put MLMs in the hot seat like he did in this video and I appreciate that. Coming from someone who was once in an MLM, your suspicions are right, but like Dave and Dr. d said, it’s not your business really.
@javaskull88 Жыл бұрын
I am so sad when I run into someone who’s gotten sucked into this. They are excited about getting wealthy and retiring early, but no one can reason with them. Run into them ten or fifteen years later, they’re depressed and tell you they’re still working their day job and will have to do it into their late 60s.
@rebelandboltman Жыл бұрын
I've had a negative experience with MLM when I was in my 20s. It almost caused strained relationships, and the people that would supposedly help me and my business to succeed would blow me off. Little did I know at the time that I was naive as well. I resonate with this video, for sure. Steer clear of MLM, work a career that you love that pays well, live on less than you make, dump your debt, and invest.
@kuryanthomas1438 Жыл бұрын
i am just shocked mlm ads are allowed to be advertised as much on all platforms right now.
@lindsaysimplified Жыл бұрын
They’re predatory and scummy.
@JustinCase780 Жыл бұрын
Next time he visits his friends condo he will see their guest bedroom stocked to the ceiling with Herbalife boxes.
@whysoblutube Жыл бұрын
Ramsey had to tread carefully because he used to advocate for them. Now, he’s erring on the side of caution. He knows those people at the top that run those MLM scams.
@Kotaro1326 Жыл бұрын
I wish Dave Ramsey would have the balls to talk about those scumbags just like he talks about idiots with big car loans they can’t afford.
@golden8972Ай бұрын
He did? Holy crap. When was this?
@FDXHOMEDEL Жыл бұрын
There are literally better odds at a casino. Less than 1% of MLM retailers make more money than is put in (that number is even lower if you consider what people make in their first year). Literally betting your savings on red in roulette carries better odds of return (48-49%).
@AK-qc8ix Жыл бұрын
First you need to be a customer of the company regardless of whether you try to build business. Next, you should not have a lot of upfront fees or products you have to buy, store, and sell. The best ones are where you’re simply enrolling people to be customers and they buy what they want and need. You’re not having to go back to them to continually sell individual products.
@ArtLenLa Жыл бұрын
Heavy recruiters do make a lot of money but they’re making it on the backs of people who are filling their basements with auto shipments. Every time an underling gets an auto shipment, the upline gets paid.
@cashcow4383 Жыл бұрын
My mother sold amway in the 1980s for a couple of summers, she still gets checks every month averaging 7000-12000 every month an hasnt even sold or done anything with amway in over 35 years, some lady she signed up went absolutey crazy with amway and is making 10 million a year and snce she signed her up shes getting checks all the time. one year she even got a check for 27,000
@miram205311 ай бұрын
At the expense of others. Not a mutual benefit.
@karagibson7534Ай бұрын
Find that extremely hard to believe
@Raysonet6 күн бұрын
Great pitch
@garfieldGG Жыл бұрын
Don’t do it people. Just don’t do it.
@rachelgee7894 Жыл бұрын
99% of people LOSE money when they join an MLM. Don't know why people think they're better than those odds.
@JaySmith-pv2mw Жыл бұрын
There is only one consistent method for getting rich quick, convincing others that you have the secret to getting rich quick.
@tfh-rw9vb Жыл бұрын
The funniest part of these things is that you have to announce to all your friends on social media that you fell for an MLM pyramid scheme
@Shortballa11 Жыл бұрын
Crazy this topic came up today. Car had some repairs this morning and was feeling desperate. I was talking with my friend in Amway today. Him and his wife actually succeeded and replaced their income by age 32. For a second I thought maybe that's the route I want to go. But this was a good reality check. I am not that guy that loves sales and recruiting. So I would not be that 1%. I'm not against them, but I am going to stick to the slow and steady race. Will be out of debt in Feb. 2024 and continue with the baby steps.
@thelogicaldanger Жыл бұрын
The 1% of people who make money on Amway, do so by selling seminars and training books to their underlings, not by selling the actual product. Amway is unethical.
@ehderguyyashootadeerorno2313 Жыл бұрын
My buddy had me sit though one at his house. They only showed one side of the pyramid. It was selling books, and CDs on religion, finances, foreign languages etc. There was a yearly fee, plus a monthly fee. I don't think the sales person appreciated me. I told him to mirror the half of the pyramid and asked him if it was a pyramid scheme. He said no, then I said you want me to sell something that people can get online for free, and he said this is better information. I told him no and I told my buddy to say no. However my buddy signed up and about 6 months later canceled it because it was costing him too much.
@gusramage Жыл бұрын
Short Answer: Yes
@naraku137 Жыл бұрын
MLM=Moms Losing Money
@dananderson6334 Жыл бұрын
Yes they are. People that sell those are almost as bad a timeshares. If you're reading this and you "work for" an MLM, I hope you feed bad because you should.
@LyricSpencer8 ай бұрын
What percentage of people lose their jobs with no severance pay? What percentage of people lose everything in their 401K? What percentage of people work for 30 years with no pension? CUT IT OUT!!!!!!
@PescadoDelDiablo Жыл бұрын
Life Insurance industry is similar to the Real Estate industry. Majority of companies operate as meat markets focused on “recruiting” as a way to access a reps natural market. It pays to be patient and only work with companies that will pay you first and bring you their own prospects.
@brittneyyoung18823 ай бұрын
It's horrible they lie and lie to you while stealing your money
@chukuemekaoje1015 Жыл бұрын
Absolutely, yes they are.
@TheHoriginal Жыл бұрын
Wanna lose your friends? Be part of an MLM ….
@ClaxtonBay123 Жыл бұрын
Ramsey dances around the MLM issue because he has friends running MLMs like he's mentioned in the past. Thats why he isnt calling them what they are....SCAMS!
@user-hd8ej8yx9p Жыл бұрын
Exactly! if 99% of a fast food company's employees didn't make any money he would call them out as a scam, but his morals are compromised.
@jimroscovius Жыл бұрын
He said most people lose money, so what's your beef?
@Shortballa11 Жыл бұрын
I can agree with him tho. I have a friend that is a genuine good person and is successful at it. But he is a natural sales and motivator type of person. He is in the 1% and for the 1% its amazing, but the 99% its miserable.
@beckypetersen2680 Жыл бұрын
I've never heard him say that he has friends RUNNING an MLM but he that he has friends who are high up in Amway.
@user-hd8ej8yx9p Жыл бұрын
@@jimroscovius not enough outrage
@chaselesser3191 Жыл бұрын
I use to work for Cutco for a summer. Definitely would not do it again. But their knives aren’t terrible. Maybe over priced, but better than average.
@insideoutsideupsidedown2218 Жыл бұрын
I remember someone trying to sell me Cutco. I told it was Ginsu or nothing!
@BobConnor-n2g Жыл бұрын
But how many professional chefs use Cutco? I doubt if they do.
@chaselesser3191 Жыл бұрын
@@BobConnor-n2gI doubt they use Cutco also, so what’s your point? 🤷♂️Lol. I’m not praising Cutco. They are better than Walmart. But definitely over priced.
@JDawgstwothousand Жыл бұрын
I think if there wasn’t a Christian leaning to these schemes.. then Dave would be on a rant rather than a discussion
@2jcward Жыл бұрын
I had a lot of friends get sucked into Worldventures. They became scary a cult like. If you didn’t but what they were selling they would literally curse you out, call you names and think YOU were crazy. 😕
@keithchegwin12222 ай бұрын
It's a truly dreadful industry and gets a lot of hate for good reason. I became brainwashed and joined some over the years. 97 percent lose money within the industry.
@connorpena3735 ай бұрын
Dave has one of the most accurate assessments on MLMs tbh
@bkucenski Жыл бұрын
MLMs are mathematically impossible to be successful in unless you are in the top few percent. If you want to sell products, sell products.
@aras_driftless Жыл бұрын
I know a few people in my area who recruit homeschool moms and church ladies for Tupperware and they make millions. Literally. Millions of dollars. It's crazy.
@JamesCarian Жыл бұрын
Dave's life insurance analogy is spot on. There's nothing illegal about many network marketing companies (some of course are, like in any business). It's just like saying the CEO of a company is the only one who makes real money compared to the newest person at entry level. Well, no kidding. People just tend to be skeptical of any business model they are unfamiliar with, because they don't understand it.
@cathyl7944 Жыл бұрын
You’re leaving out the facts Dave shared about MSMs specifically: the vast, vast majority of people involved lose money. That has nothing to do with a misunderstanding of the business model. It’s the whole point of the model.
@JamesCarian Жыл бұрын
@@cathyl7944 well if the point is to cause people to lose money then why is it a multi-billion dollar industry - with people making money? And why are there still people who participate in it?
@johnd95417 ай бұрын
@@JamesCarian Because MLM preys on the naïve.
@JamesCarian7 ай бұрын
@@johnd9541 who is "MLM"? And the naive...you mean the unwilling?
@johnd95417 ай бұрын
@@JamesCarian No, it typically means emotional thinkers who lack the ability to perform any due-diligence. The victims of MLM are often even unaware of the term MLM, or that they're in one, including those who have left one.
@jasonrodgers9063 Жыл бұрын
I know Dave HATES Whole Life Insurance. I do too. Soon after I graduated college, a high school classmate of mine gave me his preposterous pitch. I didn't want to hurt his feelings. It was DAMN hard to get him gone.
@2jcward Жыл бұрын
Why does he hate whole life? It’s a cash investment.
@johnd95416 ай бұрын
@@2jcward Because his earlier radio show co-host was Roy Matlock Jr of A. L. Williams (Primerica).
@MeghanClark825 Жыл бұрын
@canadiankels needs to show them her spreadsheets for the Canadian data she has! Stay away from MLMs!
@ChordNerd408 Жыл бұрын
I’ve never met any rich MLM person in my life. Amway Avon etc
@angied1178 Жыл бұрын
Ugh it's the worst when a friend tries to sell me something or asks me to join their team. I know they mean no harm... But ugh it's the worst
@airfiero4772 Жыл бұрын
I tried some MLMs. NEVER again. Did I mention never?
@W8ANDC Жыл бұрын
Been there, done that…twice…never again
@aaronfields71464 ай бұрын
Wow Dave did a complete 180 on MLMs. I don’t know if anyone remembers this but a couple years ago Dave was defending MLMs
@T-ex1pi Жыл бұрын
Dave: "people blame Trump for everything" John: "people blame every politician they dont like for everything" I love the moments where John pushes back on Dave Ramsey's views in just the most subtle way that wont get him kicked off the show.
@justinstone4476 Жыл бұрын
How is that pushing back?
@lauraschwed1545 Жыл бұрын
I’ve herd Dave say “people blame Biden for everything”
@umtozzi Жыл бұрын
@@lauraschwed1545of course Dave himself is among that group.
@dudeorduuude5211 Жыл бұрын
@@justinstone4476it is pushing back by not promoting or knocking one side or the other.
@hekilleen Жыл бұрын
That was a pretty generic thing to say. Lol
@jlm445511 күн бұрын
MLMs are not just scams they are predatory. They target certain demographic groups because they know they are less likely to know what they're getting into.
@SkeenCharles28 күн бұрын
I had started MLM years ago......for a short while. And, yes, I lost some money. However, as a totally financially uninformed person it was the very first step to becoming a little bit more informed. Sooo.... I'd say: MLM is a definitely a lot better than not. You could be doing plenty other things: restaurants, alcohol, drugs, and other negative habits. I suggest the habit of getting into MLM shoudl be considered critically but it is not a bad habit as a starter habit/or replacement habit - at all.
@evosmith12 Жыл бұрын
Dave knows some wealthy people in MLMs so he hates to say anything nice about them. They are just a worse version of your traditional business. They take advantage of people at a much higher rate than a typical business.
@IzzyMakesMusic Жыл бұрын
When I was a home improvement sales person the amway people would schedule estimates just to try to recruit to self for them.
@David-bf4fz5 күн бұрын
Obviously it depends on the MLM, but the one I was with made money through direct to consumer selling. I was never told to buy product with my own money before selling. They did have quarterly seminars, but the fees were nominal. Travel costs far exceeded the seminar cost, and they encouraged car pooling and sharing hotel rooms to minimize costs. Ultimately I made very little money, but I didn't lose any either. Currently, I'm an introverted IT person making six figures, so I think it's pretty obvious why I didn't make money in MLM sales.
@TheDjcarter1966 Жыл бұрын
Hey true that....Cutco knives are awesome!!
@AtHomeByTheCreek Жыл бұрын
I got sucked into a joke. YTB. "Your Travel Business". I am a former employee of NW Airlines who had quit due to staying home to raise my own children. I felt bullied by the girl who signed me up, forcing me (which I would not do) to call and be a pain in the butt to all my relatives. Every day she badgered me. I quit. I can't be a fake friend and call upon my friends to be suckers. It was awful. I didn't lose much $. Thankfully. I didn't bother my friends and family. I made an announcement that I had my own travel agency now and if they wanted to book through my site they could. It wasn't long after the head honchos were living in their beautiful Florida estates that YTB was done. Out of business. Just stay the heck away from MLMs and MLM people.
@rays7437 Жыл бұрын
They may not be a scam, but certainly they are cults
@amireallythatgrumpy6508 Жыл бұрын
You know what else is a cult? The USA
@AK-ic1yj Жыл бұрын
Ramsey created his own amway. This is the only way to make money with mlm scams. Create your own. The only way you can make money with a con job is to be the con artist yourself of course. Kudos Dave.
@amsoiladam Жыл бұрын
Some MLM‘s have given the industry, a bad name. And some of them are terrible. I’ve been an Amsoil Dealer for 15 years and they are considered a hybrid MLM. But it is all based around a super high-quality product that everybody can use. And as long as you were not lazy, you could actually make really good money with them.
@reggiefils-aime9798 Жыл бұрын
Good insight. But nobody will listen to you because it doesn't fit their agenda on having google think for them
@thealpha2549 Жыл бұрын
I'm happy to see a reasonable comment here on the issue. MLMs and NWM companies are like anything today. There's a lot of bad, but some good. And Ultimately, you get out what you put in. Some companies promise unrealistic success w/ minimal skills. Most people aren't willing to leave their house today, so not surprised most do not succeed.
@asanzsoccer Жыл бұрын
In my opinion, all jobs in general are mlms, not saying the ones described are better or not but either you’re at the top making the most bucks or you’re down the pecking order getting less and less until you’re at the bottom. You’re also providing a product or service for said job. Again just my opinion.
@TheUltimateMarioFan Жыл бұрын
4:20 It sounds like Dave is referring to the late Bob Proctor. His story was exactly that and he supported MLMs.
@oscarperez55392 ай бұрын
I think he was referring to jason frenn with amway
@googleaccount5225 Жыл бұрын
It is not moralizing by calling it what it is, a pyramid scheme.
@outsidethebox262 Жыл бұрын
The key to be successful in anything is to do unto others what you want others do unto you. Once in awhile, theres going to an mlm product that actually works and improves lives, if you gain benefit from the product, go ahead, but if theyre just offering the money, forget about it.
@jimwalshonline9346Ай бұрын
In my younger years I tried one. They are simply the biggest waste of time and resources ever.
@bigjack798 күн бұрын
From my experience, the majority of mlm that have been pitched to me were from people at church.
@timfireblade9 ай бұрын
I highly recommend listening to The Dream podcast series one. It’s a brilliant explanation and expose of the MLM business. Don’t go near MLM’s warn your family members.
@cennon12 күн бұрын
When 99% of your employees lose money instead of making money, it's a scam.
@jasonleatherwood2172 Жыл бұрын
My crazy sister did this selling 1000$ air purifiers she sold 80% of her goal of getting a free air purifier so the person above her got like 7 commissions and she just spend all this time and money and was forced to buy her demo vacuum i was one of the people that said no i wont watch ur presentation
@jfrontier1 Жыл бұрын
In life ins. the MLM actually sells leads as their products, so the upline sells this product to make all their money, not at selling life ins. but selling leads. It is nothing but a scam.
@robertperry814 Жыл бұрын
MLM..."Most Lose Money".
@cathyl7944 Жыл бұрын
I avoid friends who join MLMs. Saddens me every time I see someone fall prey to them, but I won’t participate in that obnoxious industry.
@gergopaholloАй бұрын
Even *if* twenty-something percent of people turned a profit, that to me is in no way validating MLMs, it’s just telling me that 2 people out of ten are great salespeople. But if you’re a great salesperson, you can do the same thing with a legitimate business you start up and you’re not limited to a single distributor/wholesale partner.
@thegreatid359510 ай бұрын
MLM companies also treat their corporate employees terrible I had 3 days of training at market America and they all stopped training me my co workers even stopped talking to me for 2 weeks I just sat there at my desk and stared at the wall until they fired me. They were super rude firing me too even lying to HR about me getting a week of training when at most it was 6 hours.
@mistiinseattle Жыл бұрын
lol I tried it once with a popular cosmetics MLM. I did not last long before I saw the light. They wanted me to send it all back and give me almost nothing. I sold it for half price out of the trunk of my car. Someone reported me and they contacted my sponsor (but she already knew I was doing it). Not much they could do lol. My sponsor was making big bucks and had tye pink car... *until* she got sick and missed a couple of months making the quota and they dropped her like a hot potato and took it all back.
@thelogicaldanger Жыл бұрын
Yup, something that isn't told upfront about the car, the person has to sign a lease for the car.....and the MLM only pays the monthly lease payment as long as the person meets the quota. Once the person doesn't, the MLM stops paying the lease, but the sucker who signed the lease is still on the hook for the monthly payments.
@johnd95416 ай бұрын
MLM isnt about growing a hierarchy, it's about selling to that hierarchy. Seminars, conferences, fast start schools and conventions are the real money-makers.
@EntreCamaradas2 күн бұрын
Answer is, YES.
@peternguyen1911 Жыл бұрын
MLM means trying to monetize your family and friend circles
@biboydoce89242 ай бұрын
How can you profit from MLM with the money you make they will then force you have to reinvest it and buy more products to earn more and level up. You will be stuck with products in your garage that no one likes to buy even at half the price just to recover some of the money you have invested. It is CULT.
@anthonykence9954 Жыл бұрын
These opportunities have such a high failure rate, if you build it it will most likely fall apart on you down the road. These statistics are from the FTC . Choose a solid company if you decide to proceed with one.
@rgbrown90 Жыл бұрын
I dodged a bullet a few years back a friend wanted me to buy Into that shit and I'm so glad I didn't fall for it , I hope they saw the writing on the wall as well
@gregc2475 ай бұрын
Have had 3 different people try to sell Primerica bullshit to me
@chicanoazteca8614 Жыл бұрын
Dave has said in past videos that almost the same percentage of people who do day trading make a profit, but because he "knows people" who do MLM's they are ok. If you go into day trading with the same probability of making it then you're a gambling know-nothing, nitwit who has problems. If you do something else with the same probablity of making where dave knows a few people that made it however, then no, you just might be one of the good ones. WOW, JUST WOW.
@jwac3io Жыл бұрын
There's a Dragnet episode on MLM's
@JustinCase780 Жыл бұрын
If you start a MLM in Utah you will do well being at the top of the cult pyramid.
@talyahr3302 Жыл бұрын
Short answer: Yes. It's a sales job that's 100% commission and they always sell a bunch of crap that's not special and no one wants. Even dropshipping is better because at least you don't have to buy a bunch of inventory upfront that won't sell and fill up your basement with bs.
@christopherbilkey5237 Жыл бұрын
The key to being great with MLM is recruiting someone under you who will build a large and long-lasting team. You can milk profits for the rest of your life.
@lunchlady20238 ай бұрын
MLMs are great there like a legal Jim jones event.
@freeinghumanitynow9 күн бұрын
There's a whole ANTI-MLM community right here on KZbin. Hannah Alonzo's channel is a good place to start when researching MLMs.
@typhoon320i6 ай бұрын
Dave knows people who are liars, if not criminals ........who make 7 figures
@johnd95416 ай бұрын
Being "in" the MLM industry is not the same as pursuing an MLM gig.
@jasonrodgers9063 Жыл бұрын
The first tiny handful of people do GREAT, the vast majority are left holding the bag.