Comments on: Multi-Level Marketing Will Leave You Broke

By: Mike Key

Mike Key — Tue, 13 Jul 2010 19:44:15 +0000

You know, the environment is what really makes MLM’s so attractive. That’s all I was ever attracted to. I’ve recently found that in my own mastermind group.

By: Michelle Tukachinsky

Michelle Tukachinsky — Thu, 27 May 2010 02:56:41 +0000

wow… love the story… very compelling. MLM is a tough industry. I think it is addicting, and can pull people away from their reality. There is some “comfort” being part of an MLM even though one is not making any money.

I still want to believe that there is the “perfect MLM” with a great product, affordable, with great leadership and training.

It does not exist. It is a dream. But I still have a glimmer of hope. Not in any MLM now.. but still vulnerable.. lol

Thanks again!

By: Mike Key

Mike Key — Sun, 23 May 2010 19:35:58 +0000

You know what’s the saddest is I know folks just like you, who 10 years later are still in Amway or whatever it’s called now, still chasing their “Dreams” because that’s what it is a pipe-dream, still talking about how they’re going to be free and it’s the best business, yet none of them are free yet. Hey, I’m free and I’m not in Amway. I don’t wake up every day and rush off to a job. So obviously if you’re still in it 10 yrs later and still broke, it ain’t really working for you. I just have to laugh at these folks.

By: NoAmwayThankYou

NoAmwayThankYou — Sun, 23 May 2010 19:18:29 +0000

I have had friendships completely destroyed over MLM marketing. I went to a classmate’s wedding and the bachelor party was an ambush AMWAY style. I sat through an hour and a half of “what is your goal in life” on a white board speech. The most painful experience of my life at the time. I flew in from Japan for the event and couldn’t believe it. I wasn’t interested (as well as other classmates) and it damaged our friendship for years because there is something in their training that prevents them from socializing with folks that aren’t part of their “network”. I hope they do well but the ‘cult’ nature of MLMs and the obtrusive false pretense is fascinating and sad at the same time.

By: Mike Key

Mike Key — Sat, 08 May 2010 02:20:22 +0000

Sorry Matt, but I you must of missed my main point. Most people don’t apply the work in multi-level marketing, spend all thier money on the mostly worthless training and then go broke. So I completely disagree.

I say worthless, because after exploring on my own, various books and authors, I found some of my old Quixtar cd’s and decided to listen to a few, and discovered they where rehashing other peoples words ver betam. That makes it worthless. All those conferences, never helped me to grow my business. They just keep me motivated to stay in the business and keep buying the crap.

By: Matt Conkle

Matt Conkle — Sat, 01 May 2010 11:26:23 +0000

Your summary of MLM is kind of like me saying I don’t go to movies anymore because I saw Glitter once! An entire industry cannot be based your experience with one company. There are thousands of companies out there and some are bad and some are good, you just picked one a bad one in terms of making money.

I agree Amway’s comp plan is horrible, but their training is second to none (even if you have to pay for it)! There has not been an IBO that I have talked to that didn’t have a good approach. I think your forget about what you learned at those conventions/meetings you went to. How to accept rejection, how to deal with people, being part of a team, how to network with people, the things you saw no doubt helped you grow your personal business. It wouldn’t surprise me if some of those people have become your clients. Take a look from that perspective and tell me if that $4000 may not have been such a bad investment.

All business is built on Network Marketing(AKA Word of Mouth). Whether you like it or not, you Network Market every single day. So please change the title from “Multi-Level Marketing will leave you broke” to “Quixtar is a bad business” or something like that.

On a side note, I look forward to meeting you soon. I’m sure our paths will cross at one of the Meetup events. And I’m curious do you keep your options open? =)

By: Administrator

Administrator — Tue, 30 Mar 2010 19:38:01 +0000

I think a bunch of things have changed since I was in the business. As I noticed they are no openly calling themselves Amway Global again instead of just Quixtar like they where. So I may be wrong about those numbers, just quoting what I thought I recalled.

By: Avin

Avin — Tue, 30 Mar 2010 19:34:20 +0000

I think this is a pretty good estimation of how it works 99% of the time.

My only comment is that Amway/Quixtar does not ‘cap’ you at any number – you mentioned $36k – you must be referring to the 25% compensation plan.

There are plenty of people making 6-7 figures directly from the corporation, but you’re right, the majority of the money that has been promoted through the years has actually come from the ‘education’ side.

By: Salvador Russo

Salvador Russo — Mon, 15 Mar 2010 04:32:58 +0000

I hear you. It’s not for everyone. For us it’s a nice thing to develop while we tackle other entrepreneurial projects. If you ever want access to the products again, just give us a shout =)

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Great blog and hope you have an amazing week!

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By: mikekey82

mikekey82 — Fri, 12 Mar 2010 05:54:38 +0000

Yup, the Amway model does work. But Amway Global on it's site states the limits one can make. But it's the other business systems that are a problem, some aren't as bad as others. Personally, not my thing anymore. Opened my ideas to things, but I got myself financially free 100x faster than if I had kept working the business.