PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
Guy M Artist
 
Comments: 20
Article views: 2750
 
 
Latest Badges:


 
View all Guy M Artist's badges.
 

MLM is as annoying as religion and for much the same reasons.

18 June 2014, 07:33
Statistically if you buy into a MLM scheme you have less than 1% chance of succeeding, 99% of MLM "consultants" fail. Any business based on that kind of churn is not good for the business or the people. MLM practitioners suffer from a lack of mental acuity. Cognitive Dissonance is essential if you want to join a MLM Scheme.
You can Google success and failure related to MLM Schemes and the information is there for everyone to see. MLM practitioners swear blind it's about the effort you put in that determined your results. Are they suggesting that only 1% of people that sign up and spend their hard earned cash are willing to put in the effort.
Statistically you have a better chance of a return at the poker tables, the slots and the horses than with a MLM scheme. Some people have been studying this for years, They have all the statistics and the proof. I joined a MLM scheme when I was still wet behind the ears and ended up with enough Golden Products to fill a room and none of the millions they promised in their brochures. 
Some years later I joined another at the insistence of a friend. After studying all the paperwork, the commission structures and more I came to the conclusion that the remuneration structures were designed to ensure failure and they could blame the participants. My spread sheets and information were so damning the MLM company refunded my money and that of every participant in my upline and downline. We said class action once too many times for their liking. 
Currently there are two new pyramid schemes doing the rounds, You know they are pyramid schemes when you get told how successful everyone is and they will not supply proof. They will not answer your questions about how does the system work, How many people )What percentage) last longer than 6 months, a year, two years. What makes their scam any different to the great ones, AMWAY is the one that most people are aware of, When was the last time you were invited to an AMWAY presentation? 
The most obvious problem with this business model is the sheer numbers of people needed to keep it alive. If you are in the top ranks sure you will make big bucks but get in too late and all you do is make somebody else rich and yourself poorer. 
1 12 43 164 645 2566 10247 40968 163849 6553610 26214411 104857612 419430413 1677721614 6710886415 26843545616 107374182417 429496729618 1717986918419 6871947673620 274877906944
Starting with one person recruiting just 4 people who in return recruit 4 etc,  by the time you get to level 14 you need every citizen of South Africa to join and then some from a few neighbouring countries, By level 20 I suspect that the world may not have enough residents. 
If you joined right in the beginning and you were one of the first twenty to join, by level 11 you already need the whole of SA to join. The danger of losing money starts on the 8th level if only 20 people are the start of the pyramid. 1 202 803 3204 12805 51206 204807 819208 3276809 131072010 524288011 2097152012 8388608013 33554432014 134217728015 536870912016 2147483648017 8589934592018 34359738368019 137438953472020 5497558138880
Oh and this is based on you earning money with out any dead legs or downlines that bypass you for your sponsors benefit. If that occurs you may just be better off spending the money on the lottery, where the odds are ridiculously against you.
Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

 

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
20 comments
Comments have been closed for this article.

Read more from our Users

Submitted by
SA car of the Year: Which model i...

With the evaluation days for the 2017 SA Car of the Year fast approaching, we find out which of the 10 finalists are leading our reader poll. Which car do you think should be crowned Car of the Year? Read more...

0 comments 743 views
Submitted by
ohomen171
Here comes Trumpcare

People buying health insurance are enraged over high premiums and high deductibles. Trumpcare will move to address this.  Read more...

0 comments 706 views
Submitted by
Wena Funane
Tired of people like Dean Hutton

I took a hard and long look at it and I fail see anything that resembles art, all I see is a person with a jump suit covered with racist slurs most likely struggling with identity and obesity problems. Read more...

0 comments 437 views
Submitted by
PeterTracey
Dear white people

It took me a very long time to write directly to you as I’m doing now, I wanted to make sure that I was not being too harsh nor too lenient on you, just as fair and as just as I’ve expected from you all my life. Read more...

0 comments 1429 views
Submitted by
ohomen171
The very sick patients in the US

I honestly believe that we will see Trumpcare charge this tiny and expensive minority very high insurance premiums that they can’t pay or push them back onto the states.  Read more...

0 comments 203 views
Submitted by
MikeHampton
Silly Red Sale Shopping Season At...

A walk through your local shopping centre will probably find you experiencing the same VERY RED SALE advert attack I had in Knysna Mall. Read more...

0 comments 227 views
 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

TV Get us in your home, on your television.

 
Interactive Advertising Bureau
 
© 2017 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.