Is mutli-level marketing franchanise a feasible way to earn extra income?

[bigbert]

I an in dilemma in whether to join this MLM as an extra way to earn income. A MMC based in HK has setup an MLM scheme here. Get 3 ppl to join under my name and my income will grow as my network grow. But prob in getting ppl especially close frds and relatives to join. Is this MLM franchising feasible? :thinking:

[sai]

I guess it is up to individual to decide ba.. Different MLM companies hav different policies so it is hard to say which is feasible or not.. But do take note as MLM is not to be taken as an easy way to earn money. Instead it takes 10* the normal effort as compared to a fixed paying job.

[bigbert]

I guess it is up to individual to decide ba.. Different MLM companies hav different policies so it is hard to say which is feasible or not.. But do take note as MLM is not to be taken as an easy way to earn money. Instead it takes 10* the normal effort as compared to a fixed paying job.

U mean a lot of effort needed to get ppl to join me as my downline? And how is pyramid selling diff from MLM?

[rookiyong]

Here's also a discussion on MLM http://forums.hobbyhype.com/showthread.php?t=5249

[Hades]

If u cherish yr frenship with yr frens, don't approach them. Some of my fren joined this kind of line, whenever they contact us, we all siam :laugh: Cos they definitely introduced their stuffs to us or come out to listen to their stupid talk etc... :shooting: :beatup:

[lbcben]

.................

[piglet]

I an in dilemma in whether to join this MLM as an extra way to earn income. A MMC based in HK has setup an MLM scheme here. Get 3 ppl to join under my name and my income will grow as my network grow. But prob in getting ppl especially close frds and relatives to join. Is this MLM franchising feasible? :thinking:

If im not wrong,i think i know which MLM you talking abt liao. Have you been to their office? They are selling slimming product according to your blood type and etc.....

[bigbert]

If im not wrong,i think i know which MLM you talking abt liao. Have you been to their office? They are selling slimming product according to your blood type and etc.....


Hi piglet, i have PM u for more info.

[kazuki]

One thing abt mlm will be that u need to have a good network of contacts, thats the most basic requirement u need to start. Its something like selling insurance. If u are those shy shy ppl, and doesnt know how to communicate with friends or strangers, will advise u to stay away from this job.

U ever feel frustrated when your relatives or friends approached u just to sell u insurance? Put yourself in their shoes...

MLM by right is not pyramid selling. Coz pyramid selling is ILLEGAL in Singapore!!!:shooting:
I was "conned" by a gd camp mate to listen to one which he was in. The 1st thing they told me is that "WE ARE NOT PYRAMID SELLING.".
Why? Coz they themselves know that its actually pretty much similar...

What happended to my that friend? A few mths later i bumped into him at a mrt stn, asked him how's his mlm biz. He only smiled back and said he stopped long time ago...
This camp mate of mine, he is a very charming looking guy. He said that he even managed to get his ex-gf and her family to buy from him. Then why he stopped then??? Its up to u guys to decide...:sing:

[piglet]

Ya true, it depends on how you look at it. Some of them might think that is easy $$, while others might not think so. It depends on your mind set and the ppl who talked to you on this issue etc......

[piglet]

Hi piglet, i have PM u for more info.

Hi,

I replied back you liao, kindly go and take a look.

[kazuki]

Ya true, it depends on how you look at it. Some of them might think that is easy $$, while others might not think so. It depends on your mind set and the ppl who talked to you on this issue etc......

not wrong... nod nod

So far my cousin and that camp mate came to me before. I wont really "blame" them, coz they wanted to share with me the ease of making money. But looking at them now, both of them have jumped out of this liaoz.

Afterall, this is not the type of job everyone can be good in lor. I say this isnt my cup of tea. My family wouldnt like me to be in this too. My sis will be the 1st one to kill me if i do it.

[rookiyong]

Not my cup of tea also. I went to one before after being asked by a reservist friend. After listening, demo and all the stuff, I still did not join. I am just frank with him that no doubt I have to admit the product is good, and its useful for me, but I can't accept the way this product is being marketed. Counting heads along the lines, the product is basically marked up 60 to 70%, just to pay for everybodys earnings.

[bigbert]

Not my cup of tea also. I went to one before after being asked by a reservist friend. After listening, demo and all the stuff, I still did not join. I am just frank with him that no doubt I have to admit the product is good, and its useful for me, but I can't accept the way this product is being marketed. Counting heads along the lines, the product is basically marked up 60 to 70%, just to pay for everybodys earnings.

Yes, this is the very sentiments i am feeling now. The prices of the pdts are really marked up v high. else how all branches of the network going to earn money? Imagine 1 bottle of 120 capsules costs $90. 1 capsules like $1. U have to buy 10 over bottles then u can qualify for the "membership".

To be frank, i have already bought over 3k of mlm products now. But haven't opened up any of them at all. They are indeed good for health as the presenter has said during their daily talks. They are giving free talks every nite for newbies like me to listen. But my dad is shaking his head since he has already spent more than 8K on such stuff and it dun work for his income and speicfic health issues. I may be going to refund my 3k worth of goods today back to the MLM company.

For some certain individuals, this MLM is a v good way to earn money. But like as Kazuki has mentioned, he feels v uncomfortable with it. Same likewise for me also. But i also keep thinking of this MLM to take this as an opportunity and know more biz likewise frds and open up my social life and contact channels. Though the membership is v expensive. That's why i am in a dilemma now. Or i should join a much cheaper MLM company instead?

[kazuki]

Honestly, which coy will say their products arent good???:thinking:

If u go outside ask your friends, close buddies. Most probably i say they will advise u to stay away from this "biz" too. The profits arent going to be that attractive like they say and u imagine.

Lets assume there are 4.5M population in Singapore. This MLM product/coy has started quite a while liaoz. U think u still going to be able find many ppl to be your under line, so that u can make tens of thousands as claimed by the "managers" of this coy?
They will show u the few examples of those in the up lines who are earning tens of thousands and driving branded cars. How abt those in the under line or middle ones?

The coy i went before. I was "promised" a manager position if i can get 5 ppl to join me. WTF! They think i am small kid huh?!L-)


$3000 worth of mlm products...:|
It will be great if u can refund the full quantity and get back exactly the same amt of money u gave them. Thats is IF they allow that...
U actually dun call that the membership fees. Thats the gimmick the ppl are doing to sell their products in bulk to u. I am guessing the profits they earn is a big % out of this $3k...:thinking:

As a fellow HH member, personally i really really would advise u to think throughly before u join yet another mlm coy.

Where are Leslie or cyc when we need u guys???:hello:
Come'on, give this fellow some of your pov to this "biz" too.:sing:

[Dio]

actually they did. it's in the other thread highlighted by rooki:laugh:

anyway the latest trend for mlm is to expand to other countries like m'sia and china. if you do 'hit' into china, your downline will be very long. but for every $10 you earn, your up line will get x10 and the coy will get x100. that's y i'm not supportive of joining mlm. but i won't mind starting an mlm coy :evil:

[cyc]

Where are Leslie or cyc when we need u guys???:hello:
Come'on, give this fellow some of your pov to this "biz" too.:sing:

:laugh: I juz read this thread this morning, thot of giving my 2 cents but saw members like kazuki already giving very sounded advises, I feel that there's nothing more I can add :D

my advise would be the same : get out of it while u can...
when I was a teenager, I was nearly coned into one of these scams as well (by one of my best friends somemore :o )... it was called pyramid, then... they made it sounded so simple, like buy their product and they'll help u set tea-sessions and guide u along the way, and if u can't sell, they'll buy back the product from u... I was totally caught off guard as my friend is the honest-type and he's somebody I'd trusted... I presumme he was kenna conned by his bro' as well... I'd told my father abt the plans and he was like "100% NO", I was pretty upset at that time and he told me something that I still remember till now "there's no free lunch, dude"...

so, the bottomline is to get out of it while u can b4 u become an outcast from ur peers... to me, MLM is nothing more like the many scams existing in the world today, like earn US$15000 in 1 week, send 10 pple this email to receive a free iPod, etc... juz remember "there's no free lunch" and u won't go wrong ;)

to be financially stable, the safest way is to have a stable job, the risky way is to go into business, MLM is a dead-end...

:topic: if u wanna know earn side income, here's a few ways
1. give tuition
2. do free lance projects
3. invest/speculate in shares/property

the 3rd one is currently wht I'm doing, it has it's risk and rewards... juz make sure, whtever u do, don't quit ur day job... for investment in shares, u gotta be very diligent, understand the basic of stock market, keep up with current affairs... I'd juz sold BRC Asia today for $0.135, bought at $0.1, 35% profit = $2k... here's some tips, if u're interested
1. never buy on credit
2. only use ur spare $$$ to invest
3. maintain a low risk portforlio
4. make sure u've the holding power when times are bad

end of :topic:

[bigbert]

My good frd has told me the exact things. To suceed in MLM, have to have good and wide contact network and garang downline(s) who will strive to catch more downline(s) to expand the newwork. This is indeed hard. I heard that a lot of ppl who have joined such MLM have at least got back their capital even though they didn't earn the tens of thousands as promised by the MLM company. So Kazuki, MLM totally sucks after all? Not even worth give it a try?

[kazuki]

Now, i know cyc can give a more convincing explanation. I was right.:salute:

To put it simple, bigbert. Quoting what cyc said, There is no free lunch in this world.

U think lah. If can make money that easily, why would the bosses not earn himself??? Why is he so generous sharing the profits like ikan bilis like us?
Simple!!! Thats because we ikan bilis are his profits and earnings.

Money only comes with hardwork and the amt of risk u are willing to take. A truck driver can earn not a bad pay coz he really works through out the day.
To play to shares and stocks(i have no idea how), i guess it takes your guts, eyesight and capital. One mistake, u burn your butt off.

U say your friend earn back their capital. Whats the use of earning back the capital after u throw in thousands of dollars?! This make no sense at all!!! Even if i put that amt in bank, i still can earn a few dollars of interest. AND its confirm there and safe.:thumbsup:

Then, why usually all these so call very gd products are never advertised on any forms of media wan? Do we see P&G or SKII products on MLM? No right...


Just a personal curious qns. bigbert, how old are you??? I guess u are a guy right?

[Leslie]

Where are Leslie or cyc when we need u guys???:hello:
Come'on, give this fellow some of your pov to this "biz" too.:sing:
Wah, can't remember the last time someone asked for my input LOL

Anyway, I didn't post in this thread because I already said most of what I have to say in http://forums.hobbyhype.com/showthread.php?t=5249 liao.

[kazuki]

Wah, can't remember the last time someone asked for my input LOL

Anyway, I didn't post in this thread because I already said most of what I have to say in http://forums.hobbyhype.com/showthread.php?t=5249 liao.

Well...

A legal advice for free mah.:D
K, u guys can read up more from the thread leslie posted.:)

[Leslie]

Wah, seriously, watever I post on these forums is not to be taken as "advice" in the professional sense of the word. If you want proper advice must you be prepared to pay for it ... otherwise who will want to take the responsibility ... as cyc said, this world got no free lunch :p

[bigbert]

U say your friend earn back their capital. Whats the use of earning back the capital after u throw in thousands of dollars?! This make no sense at all!!! Even if i put that amt in bank, i still can earn a few dollars of interest. AND its confirm there and safe.:thumbsup:

Then, why usually all these so call very gd products are never advertised on any forms of media wan? Do we see P&G or SKII products on MLM? No right...

Just a personal curious qns. bigbert, how old are you??? I guess u are a guy right?

hi Kazuki, i am a guy and 28 this yr. U same age as me also? u can pm me for more personal info. ha ha.

1 frd i saw invest in the infra red heat thermal beds, she spent ard 4k plus on this company's products. Last time i asked her how's her mlm doing, she just replied that she has earned back her 4k capital. So meaning that her bed become free. So my thinking now, 3k buy the supplements, if i can find just 3ppl to be my downline, my 3k capital will be earned back, rite? 1 person is ard 1 k commission.

[Dio]

wow you are willing to pay for 3k worth of stuff. you want your 3 friends to part with thier 3k so that you can earn back your 3k? so you earn 1k ea. your uplines earn the remaining 2k. than your friends have to find their 3 friends to earn their 3k back. And the vicous cycle continues.

is this what you want?:thinking:

remember the days of the magnetic mattresses? 1 mattress cost 1+k. the quota to sell is 4/mth. if you do not hit the quota, you will get ostracized by your team. so in order to hit the quota, ppl will go find their elderly grannies and got them to part with their life savings just because they can be easily sweet-talked. Is this the kind of person you wanna become?

i'm not against the business model of mlm. rather, i do not agree with the ethics that follows the seller.

Just to sell that bit of products, you go all out to sell them. The 1st people you'll probably choose will be your family members then your friends. you may feel that you are sharing with them a method to earn money faster. But what you are really doing is just irritating the hell out of them. Unless you can find like-minded friends that agree to this mlm model then it'll be another story. BUT if these friends are like-minded, what would make them want to be your downline?

Although doing business is never all about bright and cheery with darker secrets involved, mlm makes it painfully obvious that you have to step on people's head to climb to the top. These people are mostly people that you know. And the worst thing is, no matter how much downline there is, there'll always be someone above that's earning more than you. Someone that is profitting from the hard work you do. every 1000 sales u make, you earn 100 some1 else is always earning the other $900

Every coin has 2 sides. I'm sure the next tom, dick or harry can just come along and give you all the benefits of being in an mlm.

you go balance the pros and cons. ultimately you'll be making the decision.

[superzeroes]

alot of things, ideas, innovation and perception are all created by human beings. Good or bad, right or wrong...its all how u see it bah.

over the years..we have things call insurance...u pump in $$ now so tat next time when u die? or get sick.u can have something to fall back on.... When did we bcome so pessimistic? Wat if we never really nid to be hospitalised for 20-30 years...are we just simply putting our money into someone else company funds for many years for nothing!? this is wat i see..of cos if we do get sick, accident and nid the cash..it will be handy.. its alll abt our perception...

and of cos, MLM..., its a lazy or shld i say. smart way to earn money. good or bad, real or bluff..depends on how u see it...those who earn money from it..will say its good.those who dn agreee..and suffered from it..will hav another perception..

[kazuki]

wow you are willing to pay for 3k worth of stuff. you want your 3 friends to part with thier 3k so that you can earn back your 3k? so you earn 1k ea. your uplines earn the remaining 2k. than your friends have to find their 3 friends to earn their 3k back. And the vicous cycle continues.

is this what you want?:thinking:



I didnt want to put it that way, but i guess Dio managed to say what i meant...:salute:

I am slightly younger than u. I think at your age now, you should have decent job with a decent pay liao bah. Venturing into such biz at this time maybe isnt too safe for u bah... Unless u say u start a MLM coy yourself lah, then cfm will earn money coz u are the top of the line liao mah.:D

Selling at mlm and insurance is pretty CLOSE. U will sure to start off with someone close, your friends or relatives.

Have u tried the products yourself and really gain the benefits of them?
If u didnt, do u think its fair of u to sell them to your close ones? U cant be saying its good for them IF u havent tried them yet.
Then am i wrong to say that u are actually trying to recoup your losses u paid for the products by selling it to them?
They are your close ones u remember???

I really really hope u can try out the products and understand the pros and cons of them, then try to sell them. This way, u are more trustworthy when u try to sell.:)
hmm... Doesnt that make u sound like a salesman in the end???

[rookiyong]

Wow, everyone here machiam like don't have to work, can type long posts during normal hours :laugh:


remember the days of the magnetic mattresses? 1 mattress cost 1+k. the quota to sell is 4/mth. if you do not hit the quota, you will get ostracized by your team. so in order to hit the quota, ppl will go find their elderly grannies and got them to part with their life savings just because they can be easily sweet-talked. Is this the kind of person you wanna become?


This is really an extreme case and I can't imagine how the members expect to earn by selling the mattresses. Its so hard even to sell a $14 item to a Singaporean, let alone $1.4k. So the idea is obviously to sell to your relatives. And when these people does that, I treat it with ill intentions. :shooting:

A true exp: Just 3 years back, my family is still taking care of my bed-ridden grandma. One of my younger cousin and his "business partner" visited us (1st time in his life), and attempted to offer the mattress. Try first, pay later when its good, was the point.

Nothing changed after that, and I don't expect anything to change also. After some time, he came again to ask whether it was good. By that time, we had already pack the mattress for returning to him. But he kept bugging and was finally scolded by us..than left with a sullen face. The next time he appeared was a year later, for the funeral.

By advocating too much to this method of making money, it may simply turn a person into another person. :duh:

[Dio]

Wow, everyone here machiam like don't have to work, can type long posts during normal hours :laugh:


wahaha
engsters like me still applying for jobs mah:laugh:


This is really an extreme case and I can't imagine how the members expect to earn by selling the mattresses. Its so hard even to sell a $14 item to a Singaporean, let alone $1.4k. So the idea is obviously to sell to your relatives. And when these people does that, I treat it with ill intentions. :shooting:

By advocating too much to this method of making money, it may simply turn a person into another person. :duh:

i love your last sentence. it really sums up what i'm trying to say.

Sometimes when you try too hard, everything backfires instead:bang:

[jdelpiero]

My good frd has told me the exact things. To suceed in MLM, have to have good and wide contact network and garang downline(s) who will strive to catch more downline(s) to expand the newwork. This is indeed hard. I heard that a lot of ppl who have joined such MLM have at least got back their capital even though they didn't earn the tens of thousands as promised by the MLM company. So Kazuki, MLM totally sucks after all? Not even worth give it a try?


The nice people here have been giving you the same advice over and over again, but yet you persist on asking the same question.

If it is really that tempting to make 'easy' money, then go ahead and do it.

Just don't come crying and complaining here.

I think this thread has served it's purpose.

[piglet]

Like i mentioned earlier, MLM ppl have their method of asking ppl to join. They have tatics in doing this. So it really depends on individual.

If you realised, they will insist that you to go to their office for a chat instead of talking over the phone. This is one of the common tatics that MLM will use and many other more......

If you are those "light ear" ppl, then you will be easlier influence by the way they talk. They will sound very convincing and give you examples that the person is younger then you and suceed in earning alot etc, so y cant you..... this kind of stuff to provoke you so that you will be part of them and give it a try.

In this way, they succeed in recruiting another person into their company and they will earn even more.....

[bigbert]

Tks bros and sisters here for ur good advice. I have a clear idea now. Although those MLM ppl seems sort of "despicable" to suck others' money, but i am still impressed by their strong driving spirit for success. Like some others have mentioned, not eveyone can master such strong seeking spirit. I saw some of these MLM ppl really put in ard 7 to 8 hrs efforts daily as one of the bros here has mentioned. Although i feel that these ppl are sort of siao already, siao in sense that they really v v desperate to make tons of money. But i somehow also moved by their this strong motivation spirit. This is just my own personal feeling. No offence to other HH bros and sisters here.

[Dio]

/me looks at your signature.
/me scratch head.

so i guess the next time i go ECP. if there's a group of people crowding around a bbq pit with some1 standing on a table. you should be in there?

lead:"We'll do our best" *punch fist into air*
ppl:"oooh~!" *punch fists into air*
lead:"we'll be the best team!"*punch fist into air*
ppl:"ooh~" *punch fists into air*
lead:"we'll make 10k worth of sales in 1 week"*punch fist into air*
ppl:"ohh" *punch fists into air*
lead:"let's give each other a hug! we've done well"
ppl hug each other

yup real life example of mlm cell group motivating each other at east coast park:bang:

[bigbert]

ha ha, Dio. i can understand what u trying to say. u feel that those MLM ppl are siao already, rite? They first psycho themselves that they can make it and then they in turn pyscho others that they can "make it" also. I feel that sometimes one has to really siao in order to make it big. Like those playing high returns with hish risks stocks. But we shouldn't follow them to the extreme siao. I dun to wish become so siao that i really end up in IMH in future.

[des_yeo03]

I think this thread has served it's purpose.

Exactly how i feel....