tag:blogger.com,1999:blog-34503628.post3012191373830818948..comments2024-03-26T20:28:00.690+08:00Comments on Journey to Become Financially Independent: Do you think Direct Selling is SCAM?ChampDoghttp://www.blogger.com/profile/15551303930099640011noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-34503628.post-2112840457573440792012-08-26T11:26:44.535+08:002012-08-26T11:26:44.535+08:00Yes, it supposes to be cheaper because no third pa...Yes, it supposes to be cheaper because no third party or advertisement but in most of the cases somehow, because of the commissions, it turns out to be way higher prices than those broad base consumer products. ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-76017422803679784252012-08-25T19:05:48.181+08:002012-08-25T19:05:48.181+08:00MLM is not a bad idea, except because of commissio...MLM is not a bad idea, except because of commissions, it is a lot more expensive than a hypermarket. <br /><br />Why would anyone pay Rm20 for a tube of toothpaste when they can get it for Rm10 at a hypermarket? same quality, after all toothpaste is toohtpaste right.<br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-58331731814440331042012-08-22T19:12:47.409+08:002012-08-22T19:12:47.409+08:00Thanks KS. Yes, this kind of thing will never be o...Thanks KS. Yes, this kind of thing will never be outdated. :) Thanks for sharing your experiences too. We're talking about 2 things here. Scam company is another thing and usually they don't last long as you mentioned. <br /><br />However the discussion is for those legal and non-scam MLM companies, when the implementation is fall in the wrong hands, it becomes a scam and I have seen these in majority of the MLM agents. Exactly what mentioned by "Michael Tsen" in the previous comment where a right business model implemented by a wrong poeple, the outcome is prone to be wrong.<br /><br />MLM is a good business model and not for everyone. For instant, I'm just not the person for that. However, I do agree with you that there is great opportunity there. Whether it will be saturated or not, depends on the company. The longer the company can sustain, chances for the business to get saturated is low as they always come out new ideas or new products. However, if a company ONLY focus on products and do not expand their products base, I do think that it will be saturated. When this happens, they will have to force themselves to close down.ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-56747299416017147252012-08-22T15:31:42.026+08:002012-08-22T15:31:42.026+08:00Hi ChampDog,
Interesting article, and thanks for ...Hi ChampDog,<br /><br />Interesting article, and thanks for the experience shared although it was dated back 3 years ago... And it will make no difference 3 years from now.<br /><br />I have been in the industry for more than 10 years, and it is definately not a scam (if you choose a reputable company). Because of the MLM business model is proven successful, that's why it lure many so-call-similar companies to copycat it but too bad most didn't last long and leave a bad image to the industry.<br /><br />The market will not be saturated as 14/14 comments here still don't understand the true values of this business but the trend is set and MLM will definately fluorish in the coming decade as the more you seek the answer from the right source, the more you will find that it is another great investment tools which can bring many benefits into your life apart from the monetary (which is good as well). <br /><br />Cheers<br />KS<br /><br />Kam Shing, Choihttps://www.blogger.com/profile/03755586212989547129noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-63303857372333214032009-10-02T23:36:40.425+08:002009-10-02T23:36:40.425+08:00I agree with that they're actually selling the...I agree with that they're actually selling the system rather than their prodcuts. No wonder they keep talking about the system to me. :D<br /><br />Greater fool theory? It seems like some of the big players have been survived for many years. It seems like the fool will never be saturated? hahaha...<br /><br />It is better to be founder of the MLM company rather than just MLM's member but how many people can do that? It is easier for everyone just join and earn money. At least, I don't have a skill to start up one. :DChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-29349331536210782972009-10-01T19:46:29.798+08:002009-10-01T19:46:29.798+08:00It's not a scam, it's just that they are m...It's not a scam, it's just that they are more interested in selling the system than the products.<br /><br />It's coz the SYSTEM is what makes them money, not the product.<br /><br />So, MLM relies on the greater fool theory until they cannot find any more fools, the system will collapse and a new MLM company will be borned.<br /><br />Higher probability that the highest upline benefit more than the downline. So, if you want to get rich, it's better to start a MLM company than join a MLM company :pWealth Journeyhttps://www.blogger.com/profile/11915861361512508441noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-4045119913291842792009-07-05T22:46:23.292+08:002009-07-05T22:46:23.292+08:00:) Could be one of the good side income but got to...:) Could be one of the good side income but got to work every hard.ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-68233635427931503232009-07-05T22:43:43.903+08:002009-07-05T22:43:43.903+08:00ewwww direct-selling agent. and become independent...ewwww direct-selling agent. and become independent later.<br />possibility is 0.1% though :DAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-61116532687094089232009-07-05T22:35:54.138+08:002009-07-05T22:35:54.138+08:00If she is pretty, then it is worth the time. :) ha...If she is pretty, then it is worth the time. :) hahaha...<br /><br />Start your own business become a direct-selling agent? or start a direct-selling business? :)ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-67522760807584052392009-07-05T22:17:00.296+08:002009-07-05T22:17:00.296+08:00why did u spend so much time with this woman??
is ...why did u spend so much time with this woman??<br />is she pretty? :p<br />yeah if the products are very good, i would like to start my own business.<br />but unfortunately, they are not really attractive.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-19095770081418108332009-07-04T00:16:37.922+08:002009-07-04T00:16:37.922+08:00@Johnny
Yes but some agents make it looks like a s...@Johnny<br />Yes but some agents make it looks like a scam. Don’t you think so?<br /><br />@Andy D.<br />Very true and I absolutely agree with that. Perhaps as being discussed before, the system is fine but is a matter of people who implement it.ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-52374217483668467662009-06-27T21:17:14.139+08:002009-06-27T21:17:14.139+08:00Nice post!
What I don't like of MLM, is when ...Nice post!<br /><br />What I don't like of MLM, is when they use abusive practices, which happens with many of these companies.<br /><br />For example, the one advertised by this person was making use of your wanting to be a nice neighbour, when they expected you to hear the speech without knowing what it was about. <br /><br />I don't consider that to be endorsing nor enticing, it's just a steal of some goodwill and time. I experienced other similar cases.Andy D.http://www.simplestockinvesting.comnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-17986378046429331982009-06-24T22:23:37.525+08:002009-06-24T22:23:37.525+08:00not a scam at all. some products being retailed by...not a scam at all. some products being retailed by them are actually good.Johnny Onghttps://www.blogger.com/profile/06368538590359769938noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-87905591722566497832009-06-21T11:05:44.990+08:002009-06-21T11:05:44.990+08:00@Michael
Good point! Being direct, mostly you will...@Michael<br />Good point! Being direct, mostly you will get rejected therefore they’re this silly tricks. The system is probably perfect but what about the product? As a consumer shall we buy stuff from direct-selling company?<br /><br />@Kris<br />Yes, because you do not know when the market is saturated. So I guess people still want to join just to hope that they’re the top 20%? What I explained sounds like “Island Red Café”? I wonder do people really invest in it?<br /><br />@Horlic<br />If majority people reject them at the first place, what is the right approach then? Hmm…<br /><br />@imDavidLee<br />We not only run away from direct selling, we run away from insurance too. I think mutual funds and unit trust now started to get accepted. Maybe insurance too? Maybe one day MLM too?ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-43326046124780515492009-06-20T22:10:48.151+08:002009-06-20T22:10:48.151+08:00when people heard about direct selling, all runawa...when people heard about direct selling, all runaway...this is malaysia style..but in western country, wont happen in that wayimDavidLeehttp://imdavidlee.com/noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-56123338104597983822009-06-18T15:48:21.035+08:002009-06-18T15:48:21.035+08:00MLM is a great plan. But, sad thing is there are l...MLM is a great plan. But, sad thing is there are lots of agents who use wrong approach.Horlichttp://cash-make-money-online.comnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-54428434414315710002009-06-16T20:31:32.902+08:002009-06-16T20:31:32.902+08:00Yeah.. For me, i will avoid it like a plague.
It ...Yeah.. For me, i will avoid it like a plague.<br /><br />It only enriches a few select top guys namely the originator of the MLM.<br /><br />They are so creative at marketing this so called get rich quick scheme that they have now move on to taking money MLM way to open food franchises. They package the deal looking that you can easily double back your investment within a few years time and looked like sure win situation.<br /><br />Google and look around local finance blogs and you will know what i am talking about :PKrishttps://www.blogger.com/profile/01618400061723721064noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-36068983481619622732009-06-15T07:44:20.870+08:002009-06-15T07:44:20.870+08:00it depends, statistical historical records show th...it depends, statistical historical records show that those who are direct did not earn as much as those who do silly tricks like above. The fact is that most ppl are not educated enough and most ppl will be attracted, joined and spent a lot of money on it.<br /><br />MLM is like communism, the system itself is perfect. But a perfect system used by imperfect human being is prone to have imperfect outcomes.<br /><br />lastly, those who think MLM is scam will not get benefit from it, those who blindly believe in it like a religion, 'may' find it a great way to grow richMt.https://www.blogger.com/profile/11182268410762882679noreply@blogger.com