Not all people like to talk about their failure experience. You heard all successful stories and how they retired early. For me, failture is the most value experience in my life. I found that I will learn more from this type of experience than successful experience. Because you can give valueable experience for readers and people can learn lessons from you.
How I joined in Pyramid and muti-marketing?
Long time ago, one of my relative used to enrol me in muti-level marketing company called Market Australia. But I think that it was Pyramid scheme. It need you to recuit two people under your left and right lines first. Then you need become mentor to help you left and right lines to find more people under them. Each month has mimum requirements for buying products and goods. Some are clean products and some are health products.
I will write down more my experience. However, firstly, I will go though about the difference between Muti-level Marketing and pyramid scheme.
What is meaning Muti-level Marketing?
“Multi-level” or “network” marketing is a form of business that uses independent representatives to sell products or services to family, friends, and acquaintances. A representative earns commissions from retail sales he or she makes, and also from retail sales made by other people that he or she recruits. Examples of well-known multi-level marketing companies include Amway and Mary Kay Cosmetics.
What is Pyramid?
Pyramid promoters are masters of group psychology. Recruitment meetings create a frenzied, enthusiastic atmosphere where group pressure and promises of a large sum of money play upon people’s greed and fear of missing a good deal.
My experience about Pyramid Market Australia
Such sad experience with Market Australia. They invited you in one top sales’ home and sete up home meeting. Then they promoted “Huge 7 figure income forever”. Of course, it all came from the people under top sales.
At a recruitment meeting, you might hear phrases like “this is a ground floor opportunity which will change your life”, “opportunities don’t go away, they go to other people”, and “if you act now and work hard for three to five years, you can retire and live off of the residual income.” Another warning sign is a compensation plan.
I remembered that this man asked us to write down all relative and friends number, they pushed you to ring one by one and they said that they regarded themsleves as “Mentor”. They will help you to find your left and righ lines.
Each momth, you must buy certain amount of products and they were all over price. I can not even sell to no person. But you were the only one to consume all products by yourself you cant make sales.
It wasted a lot of you time to drive to upline person’s home and buy all products info and memories it. Each time, the top sales man came near you and check whether you recruit anyone. When you can not find anyone, the top sales saw you in such bad face.
Maybe someone is good sales and I failed to find anyone during the period. I also cant afford to keep going buy more overprice products for long term. Later, it was my most terrbile memories and we must go to Sydney snd paid very expensive tickets to join in Market Australia anual meeting. In annual meeting, it was full of testimonies” from other distributors and “success” stories. The people became crazy and like brain wash.
This is 9 tips from my sad experience.
The pyramid scheme disguised as a multi-level marketing opportunity is not always easy to spot, but is just as much of a scam as the chain letter. Here are some tips to consider before participating in a multi-level marketing program:
- Avoid any program that focuses more on recruitment of new people rather than the sale of a product or service to an end-user consumer. If the opportunity for income is primarily derived by recruiting more participants or salespersons rather than by selling a product, the plan probably is illegal. Several courts interpret greater pressure on members to sponsor new recruits than to market company merchandise as evidence of an illegal pyramid.
- Be skeptical of plans that claim you will make money through continued growth of your “downline” — the commissions on sales made by new distributors you recruit — rather than through your own sales of products.
- Be cautious about specific income or earnings claims. Many programs boast about the incredibly high earnings of a few top performers (“thousands per week” or a “six figure income”). The reality is that most of the people recruited into the organization are not making anywhere near those amounts and most actually lose money.
- Beware when presented with “testimonies” from other distributors. These “success” stories rarely reflect reality.
- Be cautious about participating in any program that asks distributors to purchase expensive inventory. There are horror stories of people with a basement or garage full of merchandise that no one will buy.
- Make sure the product or service offered by the company is something you would buy without the income opportunity and the product or service is competitively priced. Illegal pyramid schemes often sell products at prices well above retail or sell products that are difficult to value, such as health and beauty aids, new inventions or “miracle” cures.
- Never sign a contract or pay any money to participate in a multi-level marketing program, or any business opportunity, without taking your time and reading all of the paperwork. Talk the opportunity over with a spouse, knowledgeable friend, accountant, or lawyer. If you feel that you are being subjected to high-pressure sales tactics or are not being given enough time to review the details, go elsewhere.
- When questions are raised about pyramids, comparisons may be made to corporations where there is one person at the top who makes the most money. What they fail to state is that corporations do not seek to recruit an unlimited number of employees or pay employees based on recruiting new employees.
- Beware when the products or services are simply vehicles for recruitment. The products may be gimmicks and/or overpriced, but even high quality products may serve as a cover for recruitment activities.
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