Good MLM Company

ORIGAMIST SG

Since in this forum, there are so many for and against it, can we get to list the good and the bad company then. Put them together and we will know who the good one we can look into and avoid the bad one. If you say it is good, list the reason and vice versa for bad .... Laughing

MLM Victim SG

CosLab is the worst MLM company i ever come across.

dweebzs SG

Originally posted by ORIGAMIST:
Since in this forum, there are so many [b]for and against it, can we get to list the good and the bad company then. Put them together and we will know who the good one we can look into and avoid the bad one. If you say it is good, list the reason and vice versa for bad .... Laughing [/b]

Good idea.

Why dont u start the first one, so we can follow the same format, so as to make it comprehensive?

ORIGAMIST SG

Ok.. I joined Omergatrend. The products is fantastic. I am still using it. But the marketing plan, like impossible to acheive. Also, the monthly maintenance of $200 ( I think ) is quite high.... To maintain this $200, I remember, my wife and I cracked our head hard to see what we want to buy. ( want not need )..

Overall a good company, if got better plan, will definately go into it fully to try to acheive a dream....

Take note this are personal opinion. Of course there are those who succeed. Then hope these people can share their experience lor ...

FireIce SG

good MLM company

oxymoron

Edwin_dh SG

why?

stat SG

I wonder if you know what is network marketing...

ORIGAMIST SG

The reason I post this is because I do not know much about MLM and I join all the wrong company. I wanted to get as much information as I can with regards to this and I know MLM is the next big thing. I want to be there and be READY for it. So I hope this forum can give as much information as possible so that like minded people can know what MLM is about... Which are the one that are branded BAD and GOOD. Why is it bad and why is it good. There si so much to learn, don't you think so?? Wink

pqr SG

Good or bad is really subjective i feel...

Even the so call bad ones are good in some people eyes and vice versa...

stat SG

Its good that you want to learn...
everyone shd be learning from each other..
We dun need and dun wan to have professors here either...

my reason for pointing that out if there you got to understand just beyond the passive income that can be generated from network marketing,...there is more than that in my opinion

ratty SG

Try to look at MLM's from the point of view of a company intending to sell a product and ask your self, if you, sitting in the chair of the sales director(and who will be fired if sales targets are not met) , will ever use MLM to distribute your product.

The answer is never.

Why?

Because:

1. You lose control of the distribution channel completely. (Sales targets are met by salesmen working closely with wholesalers/retailers and attempting to achieve a given volume for a set territory.) Would you rather sell through a wholesaler and a few dozen retailers who you know and whose asses you kick every wee if targets are not met or a network of hundreds and thousands of untrained amateurs who you do not see, do not know and cannot control? Ever seen MLM's programmes wanted trained, qualified and experienced sales staff ? No. The MLM dream is built around the myth that anyone can do it.

2. It is a very expensive and clumsy system of distribution. The strategy in retailing is to minimise the intermediaries between factory and consumer. In MLM EVERY SINGLE individual gets a commission. The myth is spread that MLM involves fewer layers. this is not true, the commission paid to each layer is a distribution cost and MLM must necessarily involve more than the three or four layers for a conventional structure.

Think that this is not true ? Go ask Wal-Mart's competitors, who are being regularly wiped out. By the way Amway the biggest MLM company (founded incidentally in 1956, four years before Wal-Mart) boasts of sales of US$6bn. Wal-Marts annual sales are US$256bn.

Still don?t accept the facts?

Go talk to Unilevers, P&G, Reckitts and any other large manufacturer whose products should be ideally suited to MLM (because they are so widely used.) Are they tearing up their distribution systems and jumping on the MLM bandwagon? They would, if it were really as cheap and as clever as its proponents claim.

3. What about the 'wonder products' that MLM's seem to come up with tiresome regularity? All of which are said to be unique, the next best thing to sliced bread.

Well if those products were really sellable a smart ass would have seized the opportunity to corner the market and get exclusive distribution rights. It's known as economics.

Therefore the only people who are left to sell "unique" products through these MLM distribution structures are scammers who are out to enrich themselves at the expense of the gullible and foolish.

For more information visit the following sites:

www.quatloos.com

www.pyramidschemealert.org

sLeEpWaLkErInG SG

I can understand your view here. I do not want to quote any famous brands or talk about some great books or even what a famous person says. To me, MLM is juz another form of distribution channel/medium from a main distributoragentsconsumers. Unethical MLM networkers will engaged in hard-selling prospects into consumers/networkers. This is due to poor management of the upline organisation and lack of training in the company. Loyalty programs of consumer products like some of the brands we know sells, they aren't scams. for example, buy 10 cups of ice-cream, get one free. would you bring your friends to the palour for ice-cream for your own selfishness, i bet most of us will do it. What about yourself? Laughing
Juz my 2 cents, read my signature, you will know.

FrustMom SG

You have talked about the billions of sales by Walmart. But what is the Net? Don't forget Walmart has many outlets all over the USA. After minus-ing the expenditure on premises, distribution channels, MANPOWER, ADVERTISING, how much is left?

Advertising, manpower and distribution channels are not as cheap as we all think. Manpower alone eats up most of the revenue. The next killing expenditure is advertising. Big companies spend a few millions to 10 - 20 millions on advertising.

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SnowFlag SG

At least the ppl gets employed gainfully Cool

laurence82 SG

Goodness, comparing Walmart with Amway?

u sound like another one goondu who posted few months ago (another blatant article posting without argument)

go check out one guy thread, i tink his nick is python or sumthing, i provided a point by point rebuttal of his article..

nowadays companies dont compare sales size, company size or even market share as benchmark loh, they are getting more sophiscated and and are comparing profitability, cost leadership and product differentiation liao....all these are benchmarked against similar competitors in the same industry...

wtf, comparing a hypermart retailer and a health products distributor is like comparing apples and oranges... Laughing

coincidentally, this is the business concept the sg gahmen is encouraging the local businesses to do, getting hold of the niche market, compare quality and profitability with same competitors....

and jeez, people who only say only MLM coys regularly come up with same thing, or are unethical coys trying to scam everyone, have no serious idea abt the corporate world out there...

i know..i study it.... Laughing

besides,

Fair Trading Act comes out because businesses are scamming consumers, and guess what, MLM or direct sellers werent the biggest or among the biggest issue.. ..u got retailers, insurance, and even motor car insurance dealers who deals unfair insurance contracts...

Advertising Act comes out because businesses are fooling the couch potatoes, and it takes no brainers to see who do most of the advertising.... Laughing

with exception of the MLM Act, every other act deal with the whole corporate world out there...

To be fair, its not as if MLM is goddamn perfect, but only a rare few in this forum grasp the crux of the problems in the industry...

Honeybunz SG

And some of them get retrenched gracefully one day Laughing
Joking...
Seriously, dun mean to be sarcastic but it's a fact that we cannot guarantee that they will still have a job tomorrow. The way they retrench staff in USA is a lot, I mean really a lot, more devastating than what we see in Sg.

Now the whole world is talking about outsourcing. Admin works get outsourced to the relevant companies including IT, IT gets outsourced (see our DBS and SIA) IT companies, PR dept get outsourced to PR companies, in some companies even sales or revenue oriented dept are outsourced.

Because of the trend that the world is moving towards, personally, I don't forsee or look forward to working for ppl 10 years later from now.

Long before MLM comes to Singapore, I have already planned for my own business and started saving for capital. I believe that's the way to survive.

Working for people is great. We do our part. And every month, we get a fixed pay. End of year, we get a bonus, if the company performs well. I love working for ppl too. But the world's trend is moving in such direction that is allowing us to believe in this anymore. You can love your job, love your company. But the company doesn't have to love you.

It's ok to continue working for ppl if you love this lifestyle. But my advice is : have more than 1 source of income.

ratty SG

Wal-Mart earned a profit of US$10.2bn.

see

http://www.startribune.com/stories/535/5247470.html

According to Amway it has "over 3m" distribuors. The last time I looked they said they had 4m but let us stick to lower figure of 3m (the most recent) for the present analysis.

Amway's sales (according to their website) were US$6.2bn.

Assuming that they had ONLY 3m distributors, each distributor had an average annual sale of US$6.2bn / 3,000,000 = US$2,066 per year. (this is the average SALE not the PROFIT) or a monthly sale of US$172.

Think anyone can live on this?

Of course a few upliners at the top can get pretty rich at the expense of the many downliners who get little or nothing but then that is the whole point of the pyramid scheme .

Honeybunz SG

Walmart is a supermarket, while Amway is not. If advertising, hiring a few thousand staff and having various expensive distribution channel works, why doesn't Amway do it? Different companies, with different target audience have a different direction they want to move towards to. Hence, each will have a different way of marketing their own products. Furthermore, Walmart doesn't have their own brand product. They are merely a supermarket like Carresfour.

Why don't insurance companies run like Walmart, having outlets all over USA, instead of using Personal Selling way of marketing?

And about Amway, not every distributor is doing the business. Some are just users, who signed up as dist to get the discount. Hence, there are some with $0 sales for months. Therefore, we cannot look at the sales in terms of average of each distributor.

ratty SG

Multilevel/network/matrix marketing companies claim to

1. a cheap
2. efficient

method of distribution.

My point is that they are not. No organisation that has any intention of actually selling a product will ever try to use MLM as a distribution channel. Conventional channels such as supermarkets/departments stores and retail/wholesale chains are far more efficient and effective.

The only proponents of MLM are the scammers who sell a dream of easy money (just recruit a few people, enjoy the benefits of a residual income as your friends continue to recruit people.) and earn their money at the expense of their downline.