To: Janice Shell who wrote (2205 ) 12/3/1998 2:07:00 PM From: ISOMAN Read Replies (1) | Respond to of 2770
Taking notes. Is that "MLM" as in "Ponzi Scheme"?? And we can read about it at To be fair, not all MLM programs are Ponzi Schemes. There are some 2300 companies that claim to be MLM or network marketing or referral marketing, etc. OF them, I'd say 70 are at least legit and offer an opportunity of extra income, much like a part time second job. However, the rest a doomed from the start . Shaklee, Avon, Fuller Brush, Amway, and Mary Kay have all been thouroughly scrutinized by the FTC. Mary Kay, AVON and AMway, were the only three allowed back in mainland China, after all of the MLM programs there were ordered out, to stop the scams. The thing with MLM is it breeds both ends of the spectrum, Devoted loyalists, and devoted Haters. I get at least one MLM program put across me once a week. The majority are doomed from the start. All of the credit card programs are scams and illegal, and I wish the Feds woul;d get off their butts and shut them down faster. Most of the Vitamin programs, will be victims of their own success because they get to a certain sales volume, and their suppliers tell them they can't manufacture that much anymore. The MLM program lacks the capital and financing to build their own facilities, so the program implodes. Any MLM that sells gold or currency is illegal. Gold Unlimiteds President got 120 consecutive sentences for fraud. JEWeLway just declared chapter 11 If you want horror stories that rival the stock cespool I've got em. I , do however, know a few people that have been successful. If you join the top ten legal legit programs these are the odds in your favor. You have a 1 in 40 chance of making $200 a month. a 1 in 200 chance of making $1000 a 1 in 800 chance of earning $40,000 a year. 1 in 20,000 earns more than 100,000 but less than 2,000,000 The majority of those millionaires are in AMWAY, Nikken, and Oxy Fresh. At last count AMWAY has just over 3000 diamonds (7 figure income earners) out of 2.5 million distributers.for 99.7 people out of 100, they will make more money by cutting back on expenses and investing $50 a month in a growth mutual fund the above is not an endorsement. I am not a member or employee of the above companies. Janice, you know the stock scams, I know the MLM scams. Lets do lunch