Followers

Monday, January 24, 2011

I'm Tired of MLM





Last few days I was invited by one of my friend to go to the business talk at the hotel. At first I don’t really want to go because thought I have to pay for it, plus with my condition right now where I have to walk assist by crutches, so I said, “forget it”.


But my friend managed to convince me to come along with him because he said this business talk is free, and he said the speakers is a real success guy. I still don’t want to go because I think what kind of business talk that is free. If the business is so successful, they won’t easily share it with others, at least not for free. But my friend insisted me to go and said he got nobody to accompany him, then I said, “okay, fine, let’s go”.


And unfortunately I was scammed! When I got there, I realized it was not a real business talks, it was a MLM (Multi-Level Marketing) business talk! And worst, my friend’s whole family were also attending the gathering. And of course he leave me to sit alone as he going to sit with his family.


The words that they been saying that night were the same with the words that I been heard from my friends who did this MLM business in these past few years.


“Don’t you want to have a financial freedom?”


“There’s no point of you studying if you end up working with other people.”


“Do you want to be other people slave for your whole life?”


“Don’t you want to drive a Mercedes or BMW and going holiday to overseas?”


“Don’t you want to send your parents to perform Haj’? ”


“This is a one lifetime of great opportunity”



And many more words and promise have been saying. Well, to be fair, these maybe true, and these maybe not. Are they really sure by joining the MLM business it can guarantee them to have the financial freedom? Do they really think that only by MLM people can drive luxury cars or going to overseas for holiday? Do they really think that by MLM, there’s no need for people to obtain a degree?


Many people think MLM is the way how to make easy money. Many people are signed up on this promise but it couldn’t be further from the truth. You may earn money, but it really needs a very hard work. If you think you can lounge around whilst the checks come in then you are very much mistaken. Making money takes time and commitment at the very least. If you don’t invest both then be prepared to fail.


Honestly I like business, I like to sell things, in fact our Prophet Muhammad said that 9/10 income can be obtain from doing business. But I don’t like this networking business, where the business using the pyramid scheme. I’m tired of this MLM guys who keep convincing people to be their downline and promised that this is a great opportunity to be rich.

I did a few researches on my own about this MLM business and personally, I don’t think too many people have much success with MLM. For almost everyone who invests MLM turns out to be a losing financial proposition.


As in all pyramid schemes, the incomes of those distributors at the top and the profits to the sponsoring corporations come from a continuous influx of new investors at the bottom. The MLM type of business structure can support only a small number of financial winners.


This can be proof with simple mathematics. Let’s think, if a 1,000-person downline is needed to earn a sustainable income, those 1,000 will need one million more to duplicate the success. How many people can realistically be enrolled? Much of what appears as growth is in fact only the continuous churning of new enrollees. The money for the rare winners comes from the constant enrollment of armies of losers.


In fact, if all the distributors who enroll and quit over several years are included, the odds of success for a new distributor/investor are shown to be absurdly low! Yet, these companies typically advertise their business as "an opportunity of a life time" with "unlimited potential."


I never underestimated or hate anybody who doing this MLM business, including my friend who tricked me to go into this ‘business talk’ with him as I mentioned above. He is still my friend, and I still like him. I also believe this thing can bring money for anybody who put great effort on it.


But please, take notes of something. Many people who join MLM today are targeting students to be their downline. If you guys want to find students to be your downline, please be careful in choosing your words. Whatever it is, never poisoning the student or any teenager’s mind by telling them even without education they can still be rich and successful. Don’t promised them something that is not sure, and I mean this MLM stuff.


Whatever we do, we shouldn’t left our study behind. Just because you doing MLM business, doesn’t mean that u have to leave school or college. Just because you doing MLM, it doesn’t mean that you no longer have to learn anything. Do whatever that you want to do, doesn’t matter whether it is MLM or other business, as long as we keep in our real path, to at least obtain a degree. Education is important. Only by education can help us in the future.


Knowledge is power. Knowledge is wealth. Learn as much as we can. If we don’t take time to learn then how can we expect to earn?


by Fared Isa

2 comments:

  1. Multi Level Marketing is one of the form in the Networking Industry. In it's true essence, the system has provided extraordinary opportunity for "anyone" to excel, however it is Not for "everyone". The connotation that " You don't need to go to school" is absolutely taken off the cuff. Education was, is and will always be the fundamental element for mankind to survive on Planet Earth.
    Just in any industry, one has to educate,dig deep research and implement all necessary Plans into Actions in his business to succeed.There's No Short Cut to success. It demands total commitment and dedication.
    One of the setback in this industry is where we see "excited entrepreneurs' knocks down walls to sell without equipping himself with all the necessary knowledge and information. Simply putting the cart before the horse and when he see things not moving, he get easily agitated and aggressive.
    The Networking Industry, which make up of either MLM, Network Marketing, Online Internet Marketing, Affiliate Marketing or in any form, is a Dynamic Viable Industry and should only be entered with total conviction and responsibility. It's not just the issue of money or financial gain but the integrity of ourselves and the industry by large. While there is no guarantee against any unscrupulous individuals , it shall not deprive anyone from joining in.
    Due diligence is the responsibility of each participant. Check the Company profiles, the Boards, the Product, the Compensation Plan, their Legality and all. Every man must be responsible and accountable for their action.
    .... just my personal conviction.

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