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Can u share ur views on this plss
by Kumarg Tue Jan 29, 2013 12:56 pm
Having just completed my latest book on the subject, THE CASE (FOR AND) AGAINST MULTI-LEVEL MARKETING, I found the article by Don Frazier “Selling a Better Lfe” intriguing. He did not judge the industry, but merely presented an interesting case study of a resourceful MLMpreneur. (a term I just made up). Over a period of twelve years, I have analyzed the compensation plans of over 500 MLM (multi-level marketing) programs, QNET being one of them, and a clear pattern is evident, confirming my research findings of over a decade ago, as reported in my book. MLM as a business model is dependent upon a whole network of endless chains of participants – or recruiters recruiting recruiters, ad infinitum. The sellers are the buyers, and the buyers are the sellers – to themselves and their families. The compensation plans of all of the 500 MLMs I have analyzed assume infinite markets – which do not exist in the real world. They also assume virgin markets, which don’t exist for long – which explains why they are continually entering (“re-pyramiding” into) new markets, since none of the markets can sustain themselves indefinitely without a solid base of non-participating customers. They are therefore inherently flawed, deceptive, and profitable primarily for the first ones into a given market. Later entrants are being sold a ticket on a flight that has already left the ground.
On average, 99.7% of participants in MLMs like QNET lose money (after subtracting all expenses), and the dropout rate is also very high. The odds of profiting are far greater at many of the gambling tables in casinos – without risking one’s social capital. It is not the people or the products that are the villain, but the underlying system, which is a flawed endless chain business plan, or product-based pyramid scheme. I could go on with this comment, but would instead challenge the reader to do his or her own investigation. My research is posted on my web site at – mlm-thetruth.com, where my book and dozens of reports can be downloaded free of charge. Jon M. Taylor, MBA, Ph.D.
On average, 99.7% of participants in MLMs like QNET lose money (after subtracting all expenses), and the dropout rate is also very high. The odds of profiting are far greater at many of the gambling tables in casinos – without risking one’s social capital. It is not the people or the products that are the villain, but the underlying system, which is a flawed endless chain business plan, or product-based pyramid scheme. I could go on with this comment, but would instead challenge the reader to do his or her own investigation. My research is posted on my web site at – mlm-thetruth.com, where my book and dozens of reports can be downloaded free of charge. Jon M. Taylor, MBA, Ph.D.
Kumarg- Posts : 205
Join date : 2012-05-08
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