Top Ten Reasons Why Filipinos hate MLMs
9:43 AM
Posted by iCon1:11 Cavite
These are the reasons i heard from the community members who joined other MLM companies before they joined the iCon1.11 Community.
1. They simply hate MLMs because they worked too hard and suddenly it disappeared. The reason: 90%+ of MLM in the Philippines has binary compensation Plans. The businesses are doomed to fail even before they started. It means they joined a Pyramiding Scheme. Pyramids or Ponzi Scheme make money when you recruit new members. When the recruiting stops the money stops. It will takes 2 to 5 years for a pyramid scheme to be exposed and collapse. When it collapse many will end up losing their money and reputation. Statistics shows that there are 60,000 network marketing companies that were registered since 1960's and only 11 remains to be in the New York Stock Exchange as a Multi Billion Dollar business, example Amway, Herbalife, USANA, ForeverLivingProducts... if you're in this company, you're in a good hand just find a right group to join with...these are the few sample of a successful MLM Company existing until now.
2. They tell you it is a job or a work interview. When you arrive to their office you will be seated in a Business Opportunity meeting. After that you will be pressured to sign up. Just like the concern of the above letter sender.
3. They make you sell high priced and inferior quality products. These products won't even sell if you are going to put it in a department store or pharmacy. Without the recruitment scheme these products would not be moved. They use MARKETING HYPE to lure their customers in buying their products. For example "a Juice can cure all kinds of illness" They do not have clinical studies or tests to prove their claims only testimonials. But if they have supporting information, facts & research this will assure that you are NOT joining a PYRAMIDING Scheme.
4. Their promise never arrived. They entice you with their compensation plan. They will show you graphs and drawings how the huge money is made. They will even park expensive cars outside their office and boast that these were owned by top earners. One of the community members told me that the company just paid for the down payment. That is why when their company is now about to collapse the cars of this top earners were repossessed.
5. They lost respect. Their family hate their guts after they recruited them. You can have multiple so called business centers that you sign up yourself and all your family members as their downlines. You can be an upline to yourself and the same downline just to balance the slots. Too much money and reputation was lost because of these type of MLM business.
6. You can see their products distributed and displayed in department stores at much lower prices. You look like stupid to your friends you just sold your products to a higher price.
7. They lose their principles and values. They focus more on money making and not on values formation and business training. Most of the MLM companies make their owners richer and not their distributors.
8. They are not regulated by government agencies. You have to check if the MLM company is a member of the Direct Selling Association of the Philippines. This will assure that you are NOT joining a PYRAMIDING Scheme.
9. They failed. Just like any traditional business they failed and lost.
10. They lost their face. Their friends and family got angry at them for recruiting them.
The community strategy of creating wealth from zero does not employ the the above mentioned MLM schemes. We are here to create real business opportunities that is patterned from the Rich Dad Power Investing Plan: Combination of Corporation, Franchising and Network Distribution.
"We only offer business opportunities to those who have what it takes to be rich and are ready to handle the rigors of becoming a world class business leader."
This entry was posted on October 4, 2009 at 12:14 pm, and is filed under
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