In the quest for money and success we often find ourselves interacting with individuals and entities that are looking to exploit our hunger. In this episode of the Hustle, we analyze MLMs and how there is no path to success within them. We look beyond the Income Disclosure to the actual business model to show our viewers just how unsurmountable the odds are.
6 Fool-Proof Reasons Why MLM is a Scam
7 comments
Thank you, good points. I believe in the industry, but it definitely depends on the company,, compensation plan and the individual’s efforts.
IS IT TRULY A MERITOCRATIC SYSTEM IF 90% FAIL? THERE’S SOMETHING SYSTEMICALLY WRONG IF WE SEE SUCH A LARGE FAILURE RATE ACROSS THE INDUSTRY. Wouldn’t you agree?
Obviously you are misinformed.
Lool AT…the truthabout mlm and NETWORK MARKETING.
It’s all a pyramid scheme. all of our children should be forced to take basic business and marketing classes because if they did they’d know this stuff is really easy to spot. i hate these schemes they are plentiful ever ending.
Critical thinking is also critical. As per our video, nothing was ultra business savvy as it leaned more on common sense and psychology. When you break down the model, it doesn’t make sense. A lot of people know inherently that something is incorrect but faith keeps them treading along. MLMs employ a lot of the tactics of modern day American church.
Whenever someone comments on MLM or networking marketing, the missing information on how money is really made that is not talked about is team building. For black people worldwide, when it comes to being involved in something that requires you to work “collectively and cooperatively” together for a common goal or cause, is the one thing that causes financial failure and success in MLM and network marketing. All the financially successful people in MLM and network Marketing build teams. presenting a MLM or Networking Marketing opportunity, say the word pyramid, and it becomes a scam. The biggest pyramid scam that’s accepted 24/7 is the government that black people depend on for meager hand-outs, instead of creating a financial self sufficiency plan working as a team like every ethnic group that comes to America. MLM and Network Marketing if done in the name of team building can be the start of moving from lack and being on the bottom of every category that has a label.
Did you really play the race card when it comes to MLM? The problem with MLM is not Black people’s inability to cooperate, it’s in the business model. You notice how you did not mention any of the issues highlighted in the video! How we broke down how the business model doesn’t make sense if retail sales are the end goal. You skipped all that to cape for MLM while also denigrating Black people. Try harder next time.