Posted on 02/22/2013 12:31:21 PM PST by iloveamerica1980
No doubt you've heard certain radio commercials about a company called incomeathome.com. I recently found well researched information below which demonstrates that is in fact a pyramid scheme. Don't fall for it! I am really disappointed with certain national personalities like Sean Hannity who continue to vocally endorse this product. The only way to be formally introduced to this system is by purchasing an International Business Pack ("IBP") for $60.00. And that's just to get your foot in the door. Apparently the full training package is much, much more expensive. Isn't is nice to know that the top 1% of Herbalife distributors receive 88% of the rewards. This site is a collection of information that originated from Herbalife or independent third parties such as the media: http://factsaboutherbalife.com/. It contains a complete copy of the presentation and webcast presented by Bill Ackman, Founder and CEO of Pershing Square Capital, at the Sohn Conference Special Event.
...or 'network marketing' or 'binary marketing' or 'friends helping friends' or 'associate network building'.
They always cloud it with new terms when the old one goes out of favor.
Some network marketing companies are better than others. I am involved with LegalShield (formerly Prepaid Legal), largely because I was laid off in 2010 and most employers in Kentucky are not interested in hiring people with college degrees and high-tech skills. LegalShield is not a get-rich-quick scheme; it will work for you if you will work for it. To those leery of pyramids, I will say the following. First, I understand your concern; as an historian, I know that even the pharaohs got burned in the original pyramid scheme (they all were robbed eventually). Second, it is possible in LegalShield to make money without recruiting anybody; we have a fellow named Rob Vest who made $600,000 in 1 year on sales alone. Third, it is possible to make more money than the person who signed you up; I have a person on my team doing that. Contact me if you would like to know more.
^^ This ^^
The key thing is whether they are actually selling a tangible product and whether or not the claimed sales/profit is accurate. Nothing against multi-level marketing. Why shouldn't a person who does well selling a product not get compensated for finding another person to sell as well. The only time it's a problem is when the projections for income are fraudulently presented and the high sales claims are actually sales of new associate starter kits.
If there is actually a product, and a reasonable percentage of sales are to people who actually use the product, it's all good. If most of the sales are in the form of starter kits, it's not. I have been solicited a couple of times for similar plans. My #1 criteria was whether there was a reasonable demand for the product being sold.
Hint: If the person trying to sign you up hasn't actually tried to sell you any product, it's very unlikely that you are gonna make any money.
Snake oil is still snake oil and it still fools, fools.
Silpada Jewelery, Amway, Mannatech, Tupperware, are all “multi-level” marketing. A pyramid scheme by another name.
Amway also changed its name to Quixtar for many years because people figured out it was a Pyramid. No need to wait for Big Government to tell you so
Anything that does not emphasize selling a product is a Pyramid
In the early ‘70’s (’70,’71?) we became Shaklee Products Distributors. Back in those days Dr. Shaklee was still with his company. As I recall, he always worked with nature. Not talking ‘organic.’
We have not ‘distributed’ for years.
Only because we moved on - slowly but not purposely, just drifted away - using additional supplement brands after researching, grandchildren being born, etc.
We loved the cleaning products we used - still use Basic H.
The skin care products and makeup were the best.
A woman I know swears by the supplements she uses currently - her health would be weaker if she did not take the supplements, whichever ones they are. I’m not her distributor.
Others loved the pool product.
Spouse and I had been into nutrition before we knew about Shaklee, so we were open to the invite to a meeting - loved it. And climbed aboard. Back then, these sorts of meetings, with most direct sales products, were not all the razzzamatzz they’ve become.
We never felt/were pressured.
I also believe, back then, the financial program was sound, clear and honest.
Have no idea what’s happening now.
One of my college profs in Michigan made a huge amount of money selling Amway (this was early in the game and he developed a big downline).
One of my fellow students got excited by this, and signed on with an up and coming rival (Bestline Products). He wound up with a garage full of laundry soap he couldn’t sell.
I don’t know if it is a scheme or is not.
But I’m a huge fan of Kyle Bass.
Kyle Bass says don’t bet against Dan Loeb, who is long on HLF, as is Carl Icahn.
In our position at Shaklee (assistant supervisor or something), we didn’t have supplies like that ‘in the garage.’
People ordered, and were content to wait.
Those truly were fun days.
See post 26.
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