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share ko lang tong blog.
never pa ako nag invest sa mga ganyan pero nakaka enganyo kasi - "EARN BIG" .
kaya eto ung result ng research ko
copy paste lang talaga ito sana makatulong
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Multi-level marketing (MLM) is a You do not have permission to view the full content of this post. Log in or register now., but according to AARP, 73% of people who participate in MLMs make no money or lose money.
So what’s the appeal? Why do people keep coming back with such a high failure rate?
Today, Andy talks to Melissa Blevins from the You do not have permission to view the full content of this post. Log in or register now. about the two MLMs she took part in to make some extra money while staying at home with the kids and how she ended up losing money.
We talk about what MLMs are all about, Melissa’s personal experiences and her current side hustle (that has become more profitable for her).
MLM stands for “multi-level marketing”, and is sometimes called network marketing or a pyramid scheme. In those schemes, it’s the company at the top that makes all the money. Someone from the top recruits someone else, and they make money by adding you to their downline. This goes on until someone gets “burnt” and decides to quit the scheme.
Melissa first got into MLM because she wanted to work from home so she could be with her daughter. She couldn’t start a business because she had no money and no business idea. A friend then talked to her about an opportunity where she could make the big bucks selling makeup to others. And so the MLM journey started.
The important thing to keep into account here is that MLMs sell you on the lifestyle. They don’t sell you on the product. They tell you how you’ll have freedom and flexibility, and the fact that you can make it big. This is what captured Melissa’s attention, and that’s why she got recruited.
But as Melissa says, it was the worst financial mistake she ever made.
Her first experience with an MLM was selling makeup for Mary Kay. In order to sell the makeup, you first need to buy the inventory. So she took out an unsecured loan of $2,000 and bought boxes of makeup.
After only making $300 at a party, she realized that this new venture wasn’t going anywhere. She didn’t care about makeup and she knew she had made a mistake by getting a loan. So she sold the product back to the company for a 50% discount and ended up paying off the rest of her loan on her own.
Her second experience with MLM was in 2014 when she moved to Illinois. She wanted to make new friends and be part of a community. She left her banking job and was staying at home with the kids. After some time she got bored and looked for ways to make an extra income to help support her family. This time, it was Beachbody Coaching. After talking to her sister, she went full-on and bought a challenge pack, a workout program, and a superfood shake.
This time, she really gave everything to the business. She did it all:
Why? Because everything she earned, she would put back into the company. As she says, “you have to be the product of the product”, so she was also consuming bags of You do not have permission to view the full content of this post. Log in or register now. and becoming healthy and fit in order to sell others into getting a beachbody.
One year later, she realized this was also not going anywhere. She left the Beachbody community and lost the team and the community. They turned their backs on her immediately. Another lesson learned from MLMs.
However, it’s not all bad news. Melissa learned a lot from her negative experiences with her MLMs … Stay away from anything resembling a pyramid scheme. She did eventually start her own business with a much more successful outcome.
never pa ako nag invest sa mga ganyan pero nakaka enganyo kasi - "EARN BIG" .
kaya eto ung result ng research ko
copy paste lang talaga ito sana makatulong
You do not have permission to view the full content of this post. Log in or register now.
Multi-level marketing (MLM) is a You do not have permission to view the full content of this post. Log in or register now., but according to AARP, 73% of people who participate in MLMs make no money or lose money.
So what’s the appeal? Why do people keep coming back with such a high failure rate?
Today, Andy talks to Melissa Blevins from the You do not have permission to view the full content of this post. Log in or register now. about the two MLMs she took part in to make some extra money while staying at home with the kids and how she ended up losing money.
We talk about what MLMs are all about, Melissa’s personal experiences and her current side hustle (that has become more profitable for her).
MLM stands for “multi-level marketing”, and is sometimes called network marketing or a pyramid scheme. In those schemes, it’s the company at the top that makes all the money. Someone from the top recruits someone else, and they make money by adding you to their downline. This goes on until someone gets “burnt” and decides to quit the scheme.
Melissa first got into MLM because she wanted to work from home so she could be with her daughter. She couldn’t start a business because she had no money and no business idea. A friend then talked to her about an opportunity where she could make the big bucks selling makeup to others. And so the MLM journey started.
The important thing to keep into account here is that MLMs sell you on the lifestyle. They don’t sell you on the product. They tell you how you’ll have freedom and flexibility, and the fact that you can make it big. This is what captured Melissa’s attention, and that’s why she got recruited.
But as Melissa says, it was the worst financial mistake she ever made.
Her first experience with an MLM was selling makeup for Mary Kay. In order to sell the makeup, you first need to buy the inventory. So she took out an unsecured loan of $2,000 and bought boxes of makeup.
After only making $300 at a party, she realized that this new venture wasn’t going anywhere. She didn’t care about makeup and she knew she had made a mistake by getting a loan. So she sold the product back to the company for a 50% discount and ended up paying off the rest of her loan on her own.
Her second experience with MLM was in 2014 when she moved to Illinois. She wanted to make new friends and be part of a community. She left her banking job and was staying at home with the kids. After some time she got bored and looked for ways to make an extra income to help support her family. This time, it was Beachbody Coaching. After talking to her sister, she went full-on and bought a challenge pack, a workout program, and a superfood shake.
This time, she really gave everything to the business. She did it all:
- Post embarrassing selfies
- Grow her social media
- Travel with members to the Beachbody Summit
Why? Because everything she earned, she would put back into the company. As she says, “you have to be the product of the product”, so she was also consuming bags of You do not have permission to view the full content of this post. Log in or register now. and becoming healthy and fit in order to sell others into getting a beachbody.
One year later, she realized this was also not going anywhere. She left the Beachbody community and lost the team and the community. They turned their backs on her immediately. Another lesson learned from MLMs.
However, it’s not all bad news. Melissa learned a lot from her negative experiences with her MLMs … Stay away from anything resembling a pyramid scheme. She did eventually start her own business with a much more successful outcome.
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