Is that the best you can do for credibility??
Professor King teaches at a school that was FOUNDED in 1999. It has no track record of success. 90% of all its students live within 45 miles of Chicago. Oh, and it’s not the University of Chicago. It’s the University of Illinois at Chicago – a considerably different entity. You really need to get your facts in order.
It is the only school anywhere in the U.S. to even offer MLM/Network Marketing as a course. And somehow, that’s supposed to impress us???
You would think that any college professor worth his salt could convince at least one other professor at one other school of the validity of his pro-MLM perspective. Apparently, Mr. King cannot.
Oh, and BTW, I edited out your MLM link. They are not permitted here unless someone requests them. I allowed your message to be posted so that others might see what MLMers pass off as evidence of credibility.
I don’t know where you’re getting your information (well, I do, really), but you need to be a little more diligent about what you’re being told, especially if you’re thinking of passing it along to others.
1. MLM is fatally flawed as a business model for distributors – It is DEGIGNED to make 99% distributors fail – why ? because of pt #1 in your post – about products being good for “own use”. Since you are a management student, I am sure you can figure that one out.
2. Your assertion that people who eat at restaurants are somehow “losers” is very MLM conditioned – I have heard similar things from other bots – why watch TV when you can recruit, or even play golf when you can recruit ? I suppose winners only eat at restaurants when they can recruit everybody at the restaurant. So I would suggest that you drop this nonsensical crap – because lots of people eat at restaurants because they LIKE to….
3. Your assertions about MLMs reducing distribution costs are patently false – if you compare prices of comparable products of any MLM to prices at Walmart or online retailers like amazon.com – you will see MLM products are outrageously overpriced – The only way you can sell at those prices is to a captive market – that is – to distributors – even that by hyping MLM products by making mostly baseless claims about their superiority.
4. The BIGGEST LIE in MLM is actually that you are guaranteed to succeed if you work hard.
5. MLM is not like any other business – so stop making that absurd comparision – and buying products for personal use does not constitute an “investment”.
And finally, here’s something for you to ponder. ABSOLUTELY nothing you have said here is new. There are no revelations here – ask yourself how many 1000s of people -on this forum or elsewhere have made the same analysis as you and failed – and ask yourself why that may be ? Maybe you will learn something.
I make it a point to speak the truth and I’ve found people in MLMs don’t want to hear the truth. They believe what they want to hear and nothing else, no matter whether it is provable fact or not.
That is one major part where you are showing that you just don’t have the experience or background to know what you’re talking about. If you want to understand, then do more research. Read the stores at the sites that are not pro-mlm. If you were really interested in dialog and learning, then you would have looked at BOTH sides of the issue, not just the people that say it’s good. How can you know that anything you think is true is true unless you’ve examined BOTH sides of the issue well THEN, and ONLY THEN, made up your mind?
I know people running businesses and I keep up with other business owners so we can share experience. What I’ve seen is that a PhD in business or even, in many cases, an MBA, can mean nothing without experience. Knowing PhDs doesn’t mean you know what’s going on in the real world.
The same applies for knowing people who run their own companies. I hang out with a number of musician friends. I still can’t play that sax I have sitting in my living room.
I didn’t want to play this card, but you are quite young and many of your statements show you are willing to believe whatever your MLM people are telling you (you also don’t specify if your friends with businesses are running MLMs or legitimate businesses). When I was 25, I could have made many of the same statements, but 20 years later I realize that when I was just out of college a few years and 25, I didn’t know 1/4 of what I thought I did.
I’m bringing this up because the point is, as a student, you’ve got limited experience. You say you have run a few businesses. Where they registered as actual corporations? Did you have to deal with actual taxes and accounting? Did you make enough to make a living on them?
I’m basically short circuiting part of this to say that your statements do show less experience and knowledge than your manner shows you think you have.
In this case you said, “we can either eat and spend the money with it and be “losers” or we can not go there and eat at home”. You made specific references.
It may be there is a language issue here, but you are definitely referring to people as losers.
If you don’t want to call anyone a loser, don’t make such references.
They are not all the same, but the structure encourages fraud and abuse of the lower levels. Aggressive people will rise to the top of such an organization and that type of person will take advantage of whatever situations available to increase their cash flow. The MLM structure makes it easy for them to encourage their downline to spend money on anything that can be profitable. It encourages abuse.
and i think that you misunderstood what i was trying to say. I am trying to share some knowledge about this issue and gather some opinions on MLM, and maybe you are right when you say this may not be the correct group for doing so.
I also believe that MLM companies are not all the same and to distinguish between them you need to research about those.
About my lack of expertise, i can be a student of management, but i’m really well connected too Phds, people that own their own companies and directors of multinational companies. I also run in the past a few businesses of my own due to fast approval cash loans online, and have a good inside perspective of the market in general.
I don’t quite agree with all the things you said but you raised some very valid questions for me and for the people reading this.
I do understand the ressentment of a lot of people against MLM and the need to create such a blog, but i sincerely hope that all of you can move on with your lifes and achieve great success with the relationships you value in your life.
Thanks again for the time you spend make your point of view clear.
But since I disagree and have experience to support what I say, I will not be surprised if you call me a loser so you can have an excuse for not listening to someone who speaks up and says, “You’re wrong.”
Honestly, I do think you’re naive in this field. MLMs look good. Heck, they look VERY good, but they are a structure which lends itself to quick and severe corruption. It’s like communism. It sounds good in theory, but it doesn’t work.
Now a question for you: Why are you posting these in this group? Do you understand the purpose of this group and realize that we are here because we’ve been hurt by MLMs? I lost a girlfriend I was quite interested in. Some people here have lost their families due to MLM problems. Why would you come into a group like that and try to say MLMs can be good?
I created my own business. It’s a limited corporation in that if something goes wrong, it’s the business, not me, that’s responsible. My assets are not at risk, but in most MLMs, they insist on members spending more and more money on training and on products. That means the members keep spending more and more money.
While it’s possible to say that’s not required, the truth is that it is what happens in over 90% of the cases.
You are right, though, that you have to establish boundaries and set timings so you can see if you should continue or not.
As for resting, there has never been proof that you can rest and we have one member that managed an MLM business and was doing quite well and she’ll be glad to tell you that once it’s built, you can’t rest. You have to help others recruit and build the business. I’m sure you don’t want to believe me and would rather just call me a loser so you can ignore me, so I’ll just say I’m sorry you believe this and if you had an advanced degree and 10 years of management experience instead of being inexperienced and a student without a real world background, you’d see just how unrealistic this is.
Most MLMs will not allow you to advertise your product at all.
As for saying you’re the best, that’s not always the case. I have a portable DVD player sitting 1 foot from my arm as I type this. I didn’t buy it because it’s the best. I bought it because it was the one that most suited my needs. You’ve completely overlooked niche marketing.
I’ve seen people in MLMs that think all it takes is hard work, so they put in years of hard work and spent tens of thousands of dollars and lost quite a bit because the structure was geared to funnel their money upwards, not to help them succeed.
As for the “losers” comment, that is way off base and, to be frank, totally out of line. That you are using such a term shows me that you have already had a good does of the Kool Aid. In other words, you’re already starting to believe everything your MLM people are telling you.
I eat at restaurants. I enjoy meeting a friend and having something like the Pollo Al Chipotle at the place at the end of the street and being able to sit and chat and not have to worry about who cooks or does the dishes.
Does that make me a loser? I have my own business. I pay my own bills and then some. I drive the exact car I deeply wanted to own and today I just saw my accountant and there’s a good chance that this year I’ll be paying more in taxes than I made in one year as a teacher. I could be paying 2-3 times what my ex girlfriend made in one year when we were dating and she was in an MLM.
I’m sorry, but on that point you are wrong. Totally wrong.
Now on to another point you make in that paragraph: If it’s an innovative product, it’s a good means of distribution. Oh, that and reduced cost. Both are wrong. Are you strong enough to learn why or if I dare to tell you, will you just call me a loser so you don’t have to listen to me telling you something?
First, many people mistrust MLMs and won’t buy from them. That’s my experience in talking with people and it’s what I saw when my ex-girlfriend tried to recruit people. Second, if it’s innovative, there are many ways to bring it to market. Personally, if I came up with something like that, I’d patent it and basically sell rights so I’d make money without having to run a factory.
If a product is innovative, there’s a good chance there’s a lack of trust in it until it’s proven. In America we have infomercials. These are shows that usually are on TV late at night and can run half an hour or longer. They’re nothing but long ads for products. Many people avoid what these infomercials sell because they don’t trust the product to do what the advertisers claim.
I work in computers. I’ve seen innovated products and dumb products. I have never seen, in computers or any other field, a single innovative product that was marketed through an MLM that became well known or a household name.
Now let’s look at the cost factor. You should know some of this already. Let’s look at a product I might buy at the supermarket. For convenience we’ll take something easy: An ear of corn. I just love corn on the cob! The farmer grows it and gets paid for it. Then a transport company carries it to a warehouse and gets paid for moving it and storing it. Then it’s brought to the distribution center in my city. Again, someone gets paid. Then it’s taken to my local grocer where I buy it and the grocer gets paid. If you count, that’s the farmer, two transport or warehouse companies, and the store that are probably getting paid.
You will say MLMs eliminate the middle man, but let’s look closer. The farmer creates the product and gets paid for it. The trucker adds value by bringing it closer to me. The warehouse people add a value by storing it until it can be taken to the local grocer. He ads even more value to it by putting it in some place I can get to in a 5 minute drive and I can inspect the corn and take it home easily. Each of these people ads some kind of value to the product. They are paid for their work or contribution and each one is an important link in the chain.
Now let’s look at a product made and sold through an MLM. Someone makes it, then it’s stored. I buy it, so it’s shipped to me. Sounds good so far, but let me take one example: My ex-girlfriend. If she sold me a product, she got a commission. Her friend’s sister, who was her upline, got a commission. Her friend’s sister’s Father-in-Law gets a commission because he’s upline and so does his mentor, and so do at least 2 other people I know between them and the top. That’s 6 people that get paid a commission on that product. Not one of them has done a single thing to ad value to what I just bought, but they make money on it.
That’s good for them, but bad for me. Why am I paying for them to make money when they haven’t done a thing to make the product more valuable to me?
I’m a portuguese management student of 25 years old that just got involved with agel a few months ago, altough i have recruited some people and i’m happy with the products, i’ve been conducting deep ivestigation about Loan and how it works.
The main conclusions i’ve been driven to are:
1 – In this kind of business the products must be usefull to your own usage, and not heavily overpriced.
2 – Debt is a way of distributing goods which works on different premisses unlike Microsoft or other business giant, and that can be extremelly harmful for anyone if we think we are going to earn money without working,it’s like going to the restaurant to eat, we can either eat and spend the money with it and be “losers” or we can not go there and eat at home. The products are the basis of the business, and if it is an innovative product then Loan can be a good way of putting it into the market. They reduce costs of distribuition by implementing a referal system where you will only have sucess if you can find people that need the products.
3 – The biggest “lie” i’ve found in Loan is that you cannot actually perform AT ALL if you want to get money without spending a long time having training, if the company provides it to you, you can actually save a lot of time and achieve relative success.
4 – It is as any other business in terms of risk, you actually make an investment in something and you must establish the boundaries for yourself, if you are a costumer you are a costumer, if you want a small part time biz you will spend a lot of time in building that business and them you can rest, and if you want to earn big money you have to advertise your product and business model as if it would be the best, like the guy in the coffee shop next door, i bet he is the best 🙂
5 – Loan is not for everyone, and you should not try to fool people so they just enroll in your organization and became a “sucker”, if you are honest to the people around you, you will for sure not generate ressentment.
6 – I’ve met a lot of “bad” people doing Loan, that are looking for a “sucker” to join their organization and have no morale at all.
Thank you for reading all this. I would appreciate very much your comments and opinions on my perspective.
After reading a lot about Loan i think i still can be a little naive so please explain your viewpoints so i can understand.
I did a search and found the web page for whatever Simon Stepsys is. It’s a crappy web page that starts talking to you without a way to shut off the sound and it wouldn’t let me close the window asking for my email address. It says “I’m a high pressure used car salesman,” from the start.
Although I do wonder if you’re thinking of joining it or are in it and seeing if you can get some of us to go in with you. You’re not already in this organization, are you?
You’ve found negative information about him and stuff that does not speak well of what he’s doing and the program he’s trying to sell you.
He’s also a salesman and someone who doesn’t seem too picky about those with whom he associates.
How do you think he’d react?
He’ll twist it and blame others, say it was misinterpreted or say that it’s just stuff put out by dreamstealers who want to make him look bad and ask “Who are you going to listen to? People that want to take your dream and are bitter or someone who wants to make you a millionaire?”
He’ll use whatever double talk it takes to convince you he’s great and those that dare to bring up the truth are “negative” and should be ignored.