MLM Graveyard...and an Interesting Question..

See below for pics of an MLM Graveyard.

Question: Can anyone give me the name of an MLM company that started in the USA in past 30 years, that grew to 300 million in annual sales and then continued to grow for each of the following 3 years?

Visit me on FaceBook and let me know.

Interesting isn't it??? Seriously. I have yet to find just one MLM that meets that criteria? Why is that? My theory: MLM's have a poor business model. 

Now I'm not saying some people won't be successful. On the contrary. Some will. However, the company will eventually stop growing or collapse all together. What happens then? 

Do you jump to another MLM and start the process over and over again? How many people get hurt in this process? 

Wouldn't it make more sense to build a home business to last a lifetime where no one gets hurt and everyone can win?

Again: Can anyone give me the name of an MLM company that started in the USA in past 30 years, that grew to 300 million in annual sales and then continued to grow for each of the following 3 years?

Visit me on FaceBook and let me know.

High Five!

Donna

Direct Selling Association

With reviewing a home business, I would recommend visiting the Direct Selling Association website to ensure that the company is a member.

http://www.dsa.org/

Direct Selling Association

The Direct Selling Association (DSA) is the national trade association of the leading firms that manufacture and distribute goods and services sold directly to consumers. Approximately 200 companies are members of the association, including many well-known brand names.

The Association's mission is "To protect, serve and promote the effectiveness of member companies and the independent business people they represent. To ensure that the marketing by member companies of products and/or the direct sales opportunity is conducted with the highest level of business ethics and service to consumers."

The cornerstone of the Association's commitment to ethical business practices and consumer service is its Code of Ethics. Every member company pledges to abide by the Code's standards and procedures as a condition of admission and continuing membership in the Association.

Interesting Article about Gold & Silver Network Marketing - Be Careful out there!

I was surfing the net and came across an article regarding Gold and Silver Network Marketing Companies and thought I would share it...Be Careful out there!!


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Gold and Silver Programs~
This has to be the most doomed to fail type of MLM program that has ever existed. Since I've been involved with MLM I've seen dozens and dozens of gold and silver (G&S) programs start up-and go away. Over and over and over. And usually for the exact same reasons.

Over and over and over...

There are three primary reasons why these programs fail, and why they will always fail:

1. - Gold is a commodity. It is an investment that increases in value. To sell it based on that premise requires a securities license. Without one you are in violation of laws set forth by the SEC. G&S programs simply have no way of preventing their distributors from "speculating." Even if the company itself makes no promise of a future gain in value of the gold or silver, their 10,000 unlicensed, independent agents out there inevitably will.

As it is, I've rarely seen this angle avoided by even the companies. Yes, they themselves usually hype the investment value of their "product." They may not come right out and say it will be worth more in the future, but many of them do say it was worth less in the past. The SEC doesn't play semantic games like that.

The investment angle also places the entire MLM industry in jeopardy as well. There is already a fear that the SEC would like to regulate all MLM opportunities as investments. There is an ongoing push throughout the industry to separate the terms investment and Network Marketingas far apart as possible. G&S programs slam them both together.

2. - Most G&S programs have a system that involves the exchange of cash and commissions being paid before a tangible product is actually received. Whether it be a voucher system, a layaway system, a down payment, or whatever, many of them allow you to submit funds and in some manner build towards the actual pruchase of gold or silver coins, In the meantime though, commissions are being paid out of those funds received and a product isn't being delivered.

3. - The price of gold is the price of gold. The most anyone can get for it is whatever the going rate is. This doesn't leave much room for markup. So how do you suppose G&S programs payout 50% or more in commissions? Evidently, many federal and state regulators assume it's coming out of the next participants initial down payment.

So, number one involves securities violations, number two violates pyramid statutes, and number three would likely be classified as a Ponzi scheme!

Is it any wonder G&S programs rarely last more than 2 years?

Gold and silver programs? Practically every one that starts up is shut down for the exact same reasons as those in the past. These operators must know going in that they'll likely be history in a year or two. But then it doesn't take much longer than that for a million bucks to stack up in the bank. And, of course when the axe falls they can always blame the federal or state agency that dealt the fatal blow. "Hey it wasn't our fault!," they can exclaim. "We wanted to keep paying you your commissions, but those dirty government regulators made us stop." These shysters actually end up as martyrs. And, as they feign resistance to the regulatory attacks. their victims consider them heroes!
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Be Careful of "Ground Floor", "Get in Early"

Have you ever heard a home business company promote themselves as "Ground Floor Opportunity" or "Get in Early"? I've seen so many and in my opinion it's a slick way to lure people to make quick decisions.

Just think about it for a second.

If you're going to start a home business, you will be sharing your business and product/service with others right? And you will find others that may want to build a business with you right? Well, what if you "got in early" and had a large organization and it's now 1 year, 2 years or 5 years later later. Does that mean the people who join later, will not have as good of an opportunity as those who joined at the beginning?

Really think about this.

If the company is promoting the "Ground Floor", "Get in Early" concept, I believe what they are really saying is "Anyone who joins later, will not be successful".

Now with that being said, if the only ones who are successful are the ones who "Got in First", so many people will be negatively affected. That is a sure sign of the "Guy at the top" wins and eventually people will get hurt financially and perhaps emotionally.

My advice: if you're considering a company that pitches "Get in Early", make sure you ask a lot of questions, before joining.

When did the company start? What is the product/service? How do you earn an income? Is any of the income being earned on the joining fee? (By the way, that is not a good way to earn an income). What are the average incomes of it's members? What are the companies sales each year since in business? How many members cancel each month? If you have a difficult time getting the answers to any of these questions, don't join.

It's a business. With any business you should know the numbers of that business before making any decisions.

Donna

Job or Business?

So many people are searching online for a way to generate an extra or replacement income from home, however most really don't know what they are looking for.

Are they looking for a Job or a Business?

Is someone is in need of job, my advice is to be careful when searching online. "Get Paid to read Emails, take surveys etc..." are in almost all cases scams at best. Other types types online jobs that are promoted are "Data Entry". Again, in almost all cases scams at best. If someone needs a job, I believe they need to pound the pavement in their local area and get one. Finding an online job is virtually impossible. What's great is that someone can have a job and work their home business along side their job to add to their income or even replace their income so they can work completely from home.

Now if someone is searching for a home business, you do need to be careful with these as well. There are so many of these "home businesses" to sift through and it can be a daunting process to find one that is honest, legitimate and profitable. 

I wrote an article on the 12 Success Factors to look for when choosing a Home Business. I hope you find it helpful.

12 Success Factors to look for when choosing a Home Business

High Five!

Donna

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