Is Multi-Level Marketing A Scam?

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  • Опубликовано: 19 янв 2025

Комментарии • 2,9 тыс.

  • @scar623
    @scar623 4 года назад +723

    The only real get rich quick scheme is selling a get rich quick scheme

  • @juliancwcwcw
    @juliancwcwcw 5 лет назад +2688

    He is 24...wants to retire at 50...but only wants to work part time.
    He is ultimate MLM bait. Sell him an empty dream.

    • @loodsdude
      @loodsdude 5 лет назад +19

      So freaking true lol love the rockers icon too

    • @edwinmalachy
      @edwinmalachy 5 лет назад +21

      Dude my friend retired at 23 off a part time effort while working as a manager at a job.

    • @ApartmentKing66
      @ApartmentKing66 5 лет назад +20

      What I heard was that he wanted to BE RETIRED at 50. But working part-time? Yeah, try "retiring" doing anything part-time. Retirement has a nasty habit of harshly brushing off anyone who does things half-assed

    • @edwinmalachy
      @edwinmalachy 5 лет назад +8

      @@ApartmentKing66 my friend retired at 23. On a part time effort. Has made MILLIONS from Amway.

    • @JayTarsia25
      @JayTarsia25 5 лет назад +28

      Trillions????

  • @nickt1276
    @nickt1276 6 лет назад +1882

    It’s not worth burning bridges with your friends and family over a few bucks.

    • @erubielesquivel6510
      @erubielesquivel6510 5 лет назад +26

      NickT127 ha! That's why you prospect more people to become your customers, cause if you just keep selling to a group of five doesn't matter if it's your family or friends, then of course they might get annoyed, just keep spreading your customer's list that way you have more chances of people looking for you to buy products for you, it happens to me, and yes i still have friends and family precisely because I used that strategy

    • @lazybeastz182
      @lazybeastz182 5 лет назад +107

      @@erubielesquivel6510 so ur saying scam people just not in ur immediate circle?

    • @erubielesquivel6510
      @erubielesquivel6510 5 лет назад +43

      @@lazybeastz182 scam?ever taken a look at your job? 8-5 for 40 years and hopefully you will retire with some money cause they won't pay you what you are truly worth? You want to live a life where everyone dictates what you should be doing or where and how you should live cause you can't afford much?? Well then go ahead and keep living the way you are since you keep telling yourself such self destruction thoughts

    • @edwinmalachy
      @edwinmalachy 5 лет назад +30

      "burning bridges"? I've never had that happen dude. I've met 2 of my best friends through this business.

    • @topnetworkersgroup
      @topnetworkersgroup 5 лет назад +14

      @@edwinmalachy people are so dense; they assume that "doing mlm wrong' is the right way to do it; and when they do it wrong, they make people upset with them, and blame MLM instead of their WRONG approach to MLM -- never fails; but people are dense

  • @Thedoctorjosh
    @Thedoctorjosh 4 года назад +872

    This is a bit sketchy from Dave. This dude doesn't trust a 2% cash back credit card, but those who work in Amway are "good people." Yikes

    • @stephanied6711
      @stephanied6711 4 года назад +61

      He sounds like a quack

    • @jackl8349
      @jackl8349 4 года назад +47

      You sure you watched the video?
      He was basically semi bashing it saying how only 1 in 10k people are successful in this business.

    • @anonymous01792
      @anonymous01792 4 года назад +52

      I thought this too. But I think he is being “diplomatic” these mlms go HARD after their detractors (if they have any real pull) he probably just didn’t want to say anything that would trigger a frivolous law suit. And yet it’s still hard to say he was encouraging MLM as a viable career

    • @Hunter7I64
      @Hunter7I64 4 года назад +31

      He was trying to be politically correct here. Think about how many people do this stuff that he could be offending on his show.

    • @starcrafsf7101
      @starcrafsf7101 4 года назад +25

      He’s not wrong though in what he said, at least as far as MLMs go. There’s nothing inherently wrong with an MLM you can make money in it, but he’s also saying that most people don’t. It’s not impossible, but it takes a certain developed skill set to make money with an MLM. Turnover is high, most people aren’t going to do much of anything and certainly aren’t going to make money.

  • @andycheng3645
    @andycheng3645 5 лет назад +564

    4:30 "There's nothing evil or wrong with the business"
    Putting people in more debt, having them cripple relationships, making them look like a fool and nuisance on social media on a statistically low dream...sounds wrong to me.

  • @glowingmyway
    @glowingmyway 6 лет назад +1786

    Time is the most valuable luxury we have. Why spend 10 yrs of your life recruiting for someone else’s business when you can invest that time and energy to build your own empire.

    • @ASimoneau
      @ASimoneau 6 лет назад +92

      Some people don't want an Empire. Some people just want to make a really good living. If you have the skill set that Dave is talking about, the truth is that MLM can help provide that.

    • @ahastar1141
      @ahastar1141 6 лет назад +60

      ASimoneau Exactly. Running and building an empire is not for everyone. As you said, many people want to make a good living and be wealthy, but don’t want all the stress that comes with running an empire. They also want the relative security that comes with being an employee vs owning a business. I am building a business myself, and it’s extremely stressful. While other people get off work and chill, I get off work and check into owner mode working on my business nights and weekends. It’s easy to tell me to start a business but it’s hard to keep it going and that’s why many buckle in under a year.

    • @jayritchie6596
      @jayritchie6596 6 лет назад +22

      Most capable, hard working people who start their own business will fail. Some will hit it big. Most capable, hard working people who work for a corporation will earn a living and support themselves and their families.

    • @mikewilliams6025
      @mikewilliams6025 6 лет назад +45

      An empire built on the exploitation of the poor.

    • @LoveMyUnusual
      @LoveMyUnusual 6 лет назад +4

      Beautifully said.

  • @adreeves3374
    @adreeves3374 4 года назад +974

    MLM's go one of two ways: you either get scammed, or you make money scamming others.

    • @robertcruz1127
      @robertcruz1127 4 года назад +61

      I disagree with you and i can prove you wrong. Send me a direct message if you want.
      1) Not all MLM are Scams.(Fact)
      2) There are some that are Legit and really good (Fact)
      4) Some Jobs are more of a Scam than some MLM
      3) MLM Is Not for everyone because Not everyone has the Business Mindset and Determination
      4) It requires a particular skillset that you need to learn which can take time but at the end is worth it.
      5) MLM just like any Business you have to Hire people in this case is Recruiting.
      6) Any kind of Business you have to train your People if you want to Succeed, same in MLM.
      7) The reason most People Fail in any Kind of Business and Complain and call it a Scam is because they are Really Good at Working for Someone else but when it comes to Work for themselves they don't put the same Effort, they expect the Business build itself.
      8) I know friends that are in Amway, Herbalife, Melaleuca, Primerica that are doing very well because they work hard, hey are not scamming people, they are providing a service or selling a product.
      **Corporate Jobs are Pyramids too,
      1)You get recruited
      2)You are under someone which is your boss and Upper management
      3)You want more Money? you need to move up the ladder (Which might take you Years)
      4) What are the chances of you getting to an Executive Level in the Company? (Very Low or None)
      5) Your Pay Rate will not increase much in the next 10-20yrs
      6) Who Makes all the Money? The Owner, Investors, CEO and Executive Level Team.
      7) More than Likely you hate your Job and you are Jumping from Job to Job
      8) You work for a Company that might be doing Shady Business and actually Scamming Customers without you Knowing it. Ex. Banks, Retail, Restaurants, Car Dealerships Etc...
      Whats my Point? there are Some very Legit MLM that are actually more Ethical than some Jobs.
      You have 2 Options: You Either work for Someone else or you Work for Yourself. Choose which ever one you think you are stronger.

    • @one44two45s
      @one44two45s 4 года назад +54

      @@robertcruz1127 send me a direct message and I will teach you how to properly capitalize your words... It appears you never learned that lesson in 3rd grade.

    • @brianNYC546
      @brianNYC546 4 года назад +51

      @@robertcruz1127 This kind of "MLM" attitude that you have is exactly what pushes people away.

    • @gateway833
      @gateway833 4 года назад +2

      @@brianNYC546 he kinda is right but he's still a shill

    • @robertcruz1127
      @robertcruz1127 4 года назад +11

      @Jason Tsang Can you prove that all MLM are Scams and Why? i want to hear a logical answer. Not just what you Believe.

  • @Gabster1990
    @Gabster1990 6 лет назад +1560

    Ugh don't do it man. I hate people who offer me a 'job' and I ask them 'what kind a job is it?'. They say 'you can be an entrepreneur in this job'. That is a dead give away for mlm.

    • @singingcowboy674
      @singingcowboy674 6 лет назад +9

      You say it like it's a bad thing. I never offer people a job. I say "Hey, if I could show you something that could "make you" xyz, would you be interested in taking a look at it? If they get back to me and they like the product, "Awesome brother! Ok, so here's the price and if you are interested you can get the member price at xyz if you sign up." The member price is about 40 a month cheaper than the product retails for. The investment is $59. Thus the 2nd month you are buying the product you have covered your expense and started getting a sizeable discount on the product. The product in this case is $180 retail, $140 member price. Yearly that is a savings of $360 if you continue to use the product. (Which has a 96% rebuy rate due to benefits and effectiveness.) Throw in the fact that they can retail it and even get commerical accounts if they want- bam. Closed deal generally. People start seeing the effects of the product on them and they start asking where they can get it and how much. They can either refer their friends and family and colleagues out to me and I'll take the $40 a bottle or they can sell it to them themselves when and keep the $40 a bottle. His advantage, he makes $40 a bottle that he sales plus volume bonuses. I myself get his volume credited to me because it was my efforts that brought him in. So, you see I never off people a job. I offer people a discount on their product and with the caveat that the membership discount also gives them access to sell it if they find anybody interested. So the selling opportunity is secondary to the discount on the product which is in and of itself worth it.

    • @jchess78
      @jchess78 6 лет назад +31

      The problem is they are pitching it as a job and they shouldn't be. Its a business not a job. Jobs pay very little so you can live paycheck to paycheck. Busineses pay you 6 or 7 figures for the few who work hard for 7-10 years for very little money upfront. Backend you can become financially independent...TRUTH IS MOST PEOPLE AREN'T WILLING TO WORK HSRD FOR VERY LITTLE MONEY IN THE BEGINNING TO SEE THE BIG PAY OFF

    • @johnd9541
      @johnd9541 6 лет назад +7

      ps only about 3000 have ever achieved $100k out of all reps (past and present), with many never repeating. Many have been gone for years/decades and some are deceased. There have been well over 500,000 individual reps in their entire 40 year history.

    • @davidp2981
      @davidp2981 6 лет назад +8

      Mal Mal Call us when you make it big. You would be better off being a real estate agent. More upside and much less risk. People can make it but the risk and potential reward is statistically poor.

    • @evolution8662
      @evolution8662 6 лет назад +2

      No... They're looking for business partners......

  • @greglees4011
    @greglees4011 4 года назад +254

    If you’re making $1 million a year in Amway, you’re selling seminars and training materials to the poor saps that think they’re going make a million dollars a year selling their run of the mill products.

    • @360.Tapestry
      @360.Tapestry 9 месяцев назад +2

      maybe two of them will get there out of thousands... everyone else, go kick rocks

    • @turtleanton6539
      @turtleanton6539 4 месяца назад +1

      Faxx😊

    • @stevenhull5025
      @stevenhull5025 2 месяца назад

      Have you had a "bad" experience in MLM??? Yes?? I thought so.

  • @rothbj1
    @rothbj1 3 года назад +683

    Given Dave’s strong thoughts on topics such as Whole Life insurance, car leasing, etc, I’m surprised at his tepid response. He must have business friends high up in some of the MLMs

    • @andrewdutton3831
      @andrewdutton3831 3 года назад +122

      EXACTLY my reaction. Dave's stock just went down a little for me.

    • @bluerabbitjeevs
      @bluerabbitjeevs 3 года назад +22

      @@andrewdutton3831 Can't really blame him for that, I'd assume many would do the same if they had friends in the business. Even still he was doing his best to talk Dan out of joining the MLM business while maintaining that professional line.

    • @leewatkins1610
      @leewatkins1610 3 года назад +18

      @@andrewdutton3831 yep,,,,,amway is horshit.his stock with me...the best wat to put it

    • @joeydoherty368
      @joeydoherty368 3 года назад +3

      Well he probably doesn’t know much about it because it’s really a job and not a financial plan. I don’t know about Amway, but I’m sure he would rip into businesses like IM Academy and ACN if he knew all about them.

    • @rothbj1
      @rothbj1 3 года назад +34

      @@bluerabbitjeevs but he’s got to have friends in the whole life insurance game too, but he's still a fierce critic. MLMs have a near 100% chance of failure, and are a bad idea for virtually all his listeners. Something odd is going on here.

  • @joslinnick
    @joslinnick 6 лет назад +2636

    When 98% of people who engage in MLM make no or negative money, it's statistically safe to say it's a scam.

    • @edumont88
      @edumont88 6 лет назад +91

      Nick Joslin because people are lazy?

    • @joslinnick
      @joslinnick 6 лет назад +368

      Some people are lazy, sure. But it's mainly because the MLM scheme is fundamentally unsustainable and vastly more people are "recruited" to sell said product than exist customers willing to buy said product. The MLM company will never admit it, but the real "customers" are the people who buy into the scheme thinking they are going to actually start their own businesses, not the people buying the makeup or nutritional products that the company claims is the revenue source.

    • @bryona7096
      @bryona7096 6 лет назад +30

      Nick Joslin do you even own a business?

    • @i9incher
      @i9incher 6 лет назад +203

      By definition, if the number 1 way to make money in a MLM is recruiting and NOT selling product it is legally considered a scam.
      I haven't seen a single MLM where the top performers earned their income from product sales instead of recruiting.

    • @frozenarmymc2182
      @frozenarmymc2182 6 лет назад +115

      Exactly. The Earth only has limited people. The pyramid WILL run out of people. The people on the bottom layer get stomped on.

  • @oneeyedman99
    @oneeyedman99 5 лет назад +601

    When you get into an MLM, one of two things is going to happen:
    1) You get scammed
    2) You make money by scamming other people, directly or indirectly.

    • @oneeyedman99
      @oneeyedman99 5 лет назад +49

      @@cannon-n02 "Disciplined MLM joiner" = "someone ruthless and/or lucky enough to scam lots of other people."

    • @dderby5171
      @dderby5171 5 лет назад +25

      ​@@cannon-n02 I had a retired tax client who lost thousands in Amway over a few years. He insisted on continuing his efforts because his upline told him he would make money eventually. Even though his business was not growing a bit. Did he lack discipline?

    • @edwinmalachy
      @edwinmalachy 5 лет назад +11

      When you get into a JOB one of 2 things happen:
      You start out broke
      You end up broke

    • @edwinmalachy
      @edwinmalachy 5 лет назад +6

      @@oneeyedman99 "scamming" them how? By getting better product? By changing where they buy stuff? By paying off debt and even retiring from the job?

    • @edwinmalachy
      @edwinmalachy 5 лет назад +1

      @Bryan Badass Dass "scamming" them how exactly???

  • @ryann4769
    @ryann4769 5 лет назад +684

    Dave was too soft with his answer. Those companies are detrimental to society

    • @Realest636
      @Realest636 5 лет назад +28

      Ryan N he can’t say it’s a scam. He could be sued for libel among other things.

    • @Realest636
      @Realest636 5 лет назад +6

      Sapphire Sky unless they’re paying him as a speaker at one of their conferences

    • @christofl6523
      @christofl6523 5 лет назад +4

      No they aren't I know several people who made a lot of money in MLM. He would make a lot more money building his own product and business though.

    • @pickplayer8347
      @pickplayer8347 5 лет назад

      The Realest Lebomba bingo!

    • @DJnickels15
      @DJnickels15 4 года назад +23

      Dave was apart of MLM company that taught him some of the concepts he teaches now. In fact he's great friends with a multi-billionaire who started a strong MLM company

  • @rentalproperties8598
    @rentalproperties8598 4 года назад +321

    Friend of my wife was suckered into a MLM. We said; "It sounds like a pyramid scheme". She was already indoctrinated and replied; "It is not a pyramid, but an upside down triangle".

    • @Songsnewsmex-86
      @Songsnewsmex-86 4 года назад +7

      It's no pyramid!

    • @Austin-xx2nu
      @Austin-xx2nu 4 года назад +23

      Yup. I was given an MLM pitch and they also said it was an "Upside down pyramid." I had to walk out of the room and so I could start laughing. Like they do know it's still a pyramid even if it is turned upside down, right?

    • @rentalproperties8598
      @rentalproperties8598 4 года назад +4

      @@Songsnewsmex-86 But it is pyramidical in nature

    • @michellesanders6282
      @michellesanders6282 3 года назад

      🤦🏾‍♀️

    • @thomipaine268
      @thomipaine268 3 года назад +1

      Lol 😂

  • @americanedokko2782
    @americanedokko2782 5 лет назад +237

    FACT : 99.9% LOSE MONEY IN MLM/Network Marketing. PERIOD.

    • @vanillashaq113
      @vanillashaq113 5 лет назад +11

      American Edokko Newsflash: When you first start ANY business, you lose money to begin with. Takes a couple years to make profit. Amway is the same way but it only costs $180 or something like that instead of thousands of dollars.

    • @greenearthblueskies8556
      @greenearthblueskies8556 5 лет назад +14

      Plus it’s a pyramid scam...imo

    • @chazaqyahahla660
      @chazaqyahahla660 5 лет назад +2

      Post the information that has these facts

    • @Gobackto4chan
      @Gobackto4chan 5 лет назад +1

      Next post the stats on small businesses please

    • @Cicada-eg4pw
      @Cicada-eg4pw 5 лет назад +4

      So are people working minimum / slightly above minimum wage jobs living paycheck to paycheck
      I'm not defending MLM/network marketing because I still think its a pyramid scheme

  • @Joystik718
    @Joystik718 5 лет назад +474

    The secret isn't convincing people to do it, but finding those that already want to do it.

    • @ishma2100
      @ishma2100 5 лет назад +13

      Facts so lets find then. I want to make $$$

    • @ALFREDO_FUENTE24
      @ALFREDO_FUENTE24 5 лет назад +35

      You are right. That is why 95% of the population is either poor or heavy on credit or retire on a shoe string. Only 5% living their dreams.

    • @georgekariuki8614
      @georgekariuki8614 5 лет назад

      Ju'Von Nathan Yo,Juvon!
      This is George from USF, how are you doing fam!?

    • @daoyang223
      @daoyang223 5 лет назад +2

      If you want to sell life insurance.
      Yeah definitely. Go find people who like selling policies.

    • @ribbitgoesthedoglastnamehe4681
      @ribbitgoesthedoglastnamehe4681 5 лет назад +5

      @@ALFREDO_FUENTE24 In a way. People want a system where there are winners and losers, because being a winner is so much better, and also playing is fun. But the system defines how many can win and how much. Total wealth of people increases all the time, its distribution does not. Playing with percentages is a zero sum game. Everyone cannot be a winner. And this is what people fight over; making winning better, or reducing the amount of losers. Cant have both.

  • @MaydaysCustomWoodworks
    @MaydaysCustomWoodworks 5 лет назад +48

    I did an MLM for a while. The thing that really hit me as a surprise and made me quit MLM is that if someone in your "team" is failing, you need to cut them and replace them. You can't take your "lowers" with you on the way up... You are competing with them. I failed at MLM because I wasnt willing to cut my struggling friends and leave them in the dust, even tho i was good at it. So because of that I ended up failing like they did because i wouldnt leave my friends in the dust. I was surprised that I had the skills and contacts to be good at MLM but there was a heartlessness and selfishness required to make good money.

    • @zhl8412
      @zhl8412 5 лет назад +1

      Can you please explain? what does it mean "if someone is failing" and in which way was you supposed to "cut and replace"? btw, good friend commitment

    • @mytime4687
      @mytime4687 Год назад +1

      What company was this??

    • @MaydaysCustomWoodworks
      @MaydaysCustomWoodworks Год назад +1

      @@mytime4687 it was ACN

    • @mytime4687
      @mytime4687 Год назад

      @@MaydaysCustomWoodworks Wow.

    • @Mavryck_Tha_Myghty
      @Mavryck_Tha_Myghty Год назад +2

      You were in the wrong one. Lol

  • @maggielara2360
    @maggielara2360 5 лет назад +150

    i used to love dave ramsey but the fact that he said that there’s nothing wrong or evil with mlms completely made me question if i’m ever going to listen to him or not

    • @timstrawbridge
      @timstrawbridge 2 года назад +8

      I think he's describing how his business runs.

    • @troypeters6348
      @troypeters6348 2 года назад +14

      I’ve lost a lot of respect for him

    • @lauralarrabee7870
      @lauralarrabee7870 2 года назад +2

      Income disclosure statement

    • @aliciavelazquez3723
      @aliciavelazquez3723 2 года назад +1

      He has no education at all

    • @shirleyanderson5339
      @shirleyanderson5339 2 года назад +13

      I thought he gave a very non emotional, intellectual, realistic response. Its why I respect him.

  • @yeeleng1000
    @yeeleng1000 4 года назад +29

    The people defending MLMs are the same people getting scammed by them. Wake up and realize you've been scammed people.

    • @criminal2476
      @criminal2476 3 года назад +1

      I woke up and quit, still looking for something else to do though. Have you woken up and realized that your job won’t get you what you want though?

    • @issacharbryant6606
      @issacharbryant6606 3 года назад

      Facts

    • @stevenhull5025
      @stevenhull5025 2 месяца назад

      Funny that. Three years ago I was unemployed. Today I earn over $100,000 pa with a MLM company.

  • @rachelrekowski7199
    @rachelrekowski7199 3 года назад +289

    Shame on Dave Ramsey for not condemning MLMs. They are predatory.

    • @stoicg6970
      @stoicg6970 3 года назад +2

      Ok

    • @owenb8636
      @owenb8636 3 года назад +25

      Because he's wealthy and hangs out with wealthy people, so he personally knows the ten people who actually made real money out of it by selling product to the caller

    • @BBxFlow
      @BBxFlow 3 года назад +8

      Exactly what I was thinking! SHAME

    • @stoicg6970
      @stoicg6970 3 года назад +4

      Why are MLM bad?

    • @THEOAKCAT
      @THEOAKCAT 3 года назад +9

      Dave’s whole business model is an MLM lol
      People buy in to teach it to others

  • @tylerunderwood316
    @tylerunderwood316 2 года назад +127

    Come on Dave, you're better than this. MLMs destroy people's lives! I've had friends and family personally harmed by these companies

    • @Mavryck_Tha_Myghty
      @Mavryck_Tha_Myghty Год назад +11

      In contrast, I have friends in their 30’s and 40’s retired from working MLM’s. They are real and they can work.

    • @marsaliswhitelow4677
      @marsaliswhitelow4677 Год назад +1

      ​@@Mavryck_Tha_Myghty That's the part he doesn't want to tell you lol

    • @brandond5963
      @brandond5963 Год назад +7

      Ok and some people go broke playing the lottery. Still dosemt change the fact that some people get rich from ir

    • @wallabysteww
      @wallabysteww Год назад

      Do you think that argument is going to turn people towards or away from MLMs

    • @soilcredibility
      @soilcredibility Год назад +4

      ​@@Mavryck_Tha_Myghtyno you don't.

  • @rickeyslake
    @rickeyslake 6 лет назад +270

    i knew mlm were scams when i was a teenager and financially i was an idiot so that says a lot.

    • @ReggieTime
      @ReggieTime 5 лет назад +7

      Thank you!!!

    • @robertcruz1127
      @robertcruz1127 4 года назад +16

      @Thora Friganza I disagree with you and i can prove you wrong. Send me a direct message if you want.
      1) Not all MLM are Scams.(Fact)
      2) There are some that are Legit and really good (Fact)
      4) Some Jobs are more of a Scam than some MLM
      3) MLM Is Not for everyone because Not everyone has the Business Mindset and Determination
      4) It requires a particular skillset that you need to learn which can take time but at the end is worth it.
      5) MLM just like any Business you have to Hire people in this case is Recruiting.
      6) Any kind of Business you have to train your People if you want to Succeed, same in MLM.
      7) The reason most People Fail in any Kind of Business and Complain and call it a Scam is because they are Really Good at Working for Someone else but when it comes to Work for themselves they don't put the same Effort, they expect the Business build itself.
      8) I know friends that are in Amway, Herbalife, Melaleuca, Primerica that are doing very well because they work hard, hey are not scamming people, they are providing a service or selling a product.
      **Corporate Jobs are Pyramids too,
      1)You get recruited
      2)You are under someone which is your boss and Upper management
      3)You want more Money? you need to move up the ladder (Which might take you Years)
      4) What are the chances of you getting to an Executive Level in the Company? (Very Low or None)
      5) Your Pay Rate will not increase much in the next 10-20yrs
      6) Who Makes all the Money? The Owner, Investors, CEO and Executive Level Team.
      7) More than Likely you hate your Job and you are Jumping from Job to Job
      8) You work for a Company that might be doing Shady Business and actually Scamming Customers without you Knowing it. Ex. Banks, Retail, Restaurants, Car Dealerships Etc...
      Whats my Point? there are Some very Legit MLM that are actually more Ethical than some Jobs.
      You have 2 Options: You Either work for Someone else or you Work for Yourself. Choose which ever one you think you are stronger.

    • @mykiahausby5815
      @mykiahausby5815 4 года назад +1

      @@robertcruz1127 agreed

    • @Datbchik
      @Datbchik 4 года назад +1

      Rickeys Lake 😂

    • @yugottaluvrobii
      @yugottaluvrobii 4 года назад +2

      @@robertcruz1127 preacchhhhh

  • @cnault3244
    @cnault3244 2 года назад +5

    MLM explained simply.
    MLM company: pay us for the right to sell our product and if you really want to make money convince others to also sell our product.
    It's like opening a shoe store and thinking you could make even more money if you convinced other people to open shoe stores.

    • @stevenhull5025
      @stevenhull5025 2 месяца назад

      FRANCHISE::: Pay thousands or hundreds of thousands of dollars for a license to conduct business in a geographical area selling the franchisor's services or product. Then, pay an average of 12% GROSS on total turnover. to the Franchisor. In 15 years the license will expire rendering your business obsolete.
      MLM ... Pay a couple of hundred dollars and retail products or services and introduce other people who wish to have their own business. LEVERAGE your time and efforts by training others to retail the company's products and receive commissions and bonuses in return. Income UNLIMITED and on death the business can be willed to your loved ones.
      A JOB (Just Over Broke). Conform to society's "norm". Dig yourself into debt studying for a degree where there is a high chance the degree will NOT help you find the job of your dreams. Work 2 or 3 jobs to make ends meet for the next 45 years and on retirement live on a third of your income. No wonder 68% of Americans have less than $1000 saved in a bank.
      Which one looks better??

  • @Thuggizzle
    @Thuggizzle 3 месяца назад

    That's why I love this man Wisdom

  • @talyahr3302
    @talyahr3302 3 года назад +72

    Nah Dave, they're all scams 😂 The rich people in MLMs are just high level scammers.

  • @itrthho
    @itrthho 6 лет назад +569

    If the products are so good...sell them at a retail store/online.

    • @aarononthesauce
      @aarononthesauce 6 лет назад +15

      George McGovern they do. Amway has a bunch of stores worldwide.

    • @L228A
      @L228A 6 лет назад +37

      Although Amway has a few retail stores around the world, they are not a retail base business in the US. It's purely a referral base company so they make sure they get loyal customers by sharing incentives with them. They do have a website you can purchase on as well.

    • @macioluko9484
      @macioluko9484 6 лет назад +26

      @@aarononthesauce I've never seen one. And I've never sought one out. SO if Amway has such great products and has had them for the last 60 years why have they hidden them from me?

    • @aarononthesauce
      @aarononthesauce 6 лет назад +4

      @@macioluko9484 the obvious answer without context would be there isn't an amway store in your town.

    • @fazdoll
      @fazdoll 6 лет назад +31

      @@aarononthesauce You don't need a special Amway store. If the products are so great, they would be on the shelf at Wal-Mart competing with similar products which cost 1/3 as much. But of course they're not. Instead, Amway would rather open "experience centers" in Russia and India.

  • @thejohnleos
    @thejohnleos 5 лет назад +67

    I’m no financial expert, but what I’ve learned through observations of some of my friends or acquaintances in MLM’s:
    Can one make a lot of money? Sure!
    Will YOU make a lot of money? Probably not.

    • @christofl6523
      @christofl6523 5 лет назад +3

      The same could be said of having a job.

    • @dessieangel1021
      @dessieangel1021 4 года назад +10

      No not really, because there’s a guaranteed weekly/biweekly income or salaried income, whereas this is based purely on commission.

  • @shepsean1
    @shepsean1 5 лет назад +403

    I wish this video was 8 seconds long. "Are MLMs company a scam? Yes."

    • @carultch
      @carultch 5 лет назад +10

      He can't legally say that, which is probably why he's avoiding it.

    • @christianocegueda_
      @christianocegueda_ 5 лет назад +7

      No they arent.

    • @christianocegueda_
      @christianocegueda_ 5 лет назад +6

      Kenny Bellau It’s a business like any other. Educate yourself on it and you will succeed. Go in their with no plan then you will only scam yourself.

    • @TayTiaraModel
      @TayTiaraModel 5 лет назад +4

      Lol well if it wss true then wouldn't he say that? It isn't so that's why he didn't. And he is pretty wealthy and educated probably more than most people watching this video commenting their opinions...lol so I'd say trust the person with the success and knowledge who's been there, done that. Not the broke person typing away about their opinion who doesn't have any credibility..

    • @WakkoKakko
      @WakkoKakko 5 лет назад +8

      Kenny Bellau I want to correct you on one thing. You say that 99% of all people involved in an MLM lose money, but it’s actually about 99.6%. In other words, instead of 1 in 100 people being able to make a net profit in that particular business scheme, it’s more realistically 1 in 250. Besides, it’s a very inefficient way of conducting business, and if it were legitimate, then it wouldn’t specifically require constant “endless chain” recruitment.

  • @arshiff336
    @arshiff336 3 года назад +11

    The majority of people in MLMs make less than Minimum Wage.

    • @stevenhull5025
      @stevenhull5025 2 месяца назад +1

      Because they don't treat their business as a business.

  • @BrendanEvan
    @BrendanEvan 4 года назад +9

    Generally quite predatory. If you’re a good enough sales person to succeed in an MLM, sell something else that gets you a higher commission

    • @BrendanEvan
      @BrendanEvan 4 года назад +1

      @@mischahecter896 You might like The Psycopath Test by Jon Ronson.

  • @AustinBigWig
    @AustinBigWig 6 лет назад +57

    This is terrible advice from Dave Ramsey. I thought he was all about good stewardship? Those making the big bucks are doing it by selling audio and putting on events that members are pressured into attending. I went to an Amway meeting once and it was like a church service, except people were worshiping money. I can't believe this advice came from Ramsey.

    • @LolitaBonitaaa
      @LolitaBonitaaa 5 лет назад +11

      That is why MLMs are very similar to cults; a lot of worshiping, brainwashing and indoctrination happens on these meetings and "events". I was also very surprised about his response. He is very knowledgeable about money and finances, he should know that MLMs are 100% scams.

    • @AlexielRaziel
      @AlexielRaziel 5 лет назад +9

      I was part of Amway and their leadership team program for over two years, and boy. Is that the truth. And YES, you HAVE to recruiter people to make money.

    • @Seaberrytidedelight3
      @Seaberrytidedelight3 5 лет назад +10

      It sounds like he's subtly trying to dissuade the caller. Especially because he told him to look up the average pay people in that company make. I wonder if he isn't supposed to tell people it's a scam, for some reason.

    • @MM-rs6tk
      @MM-rs6tk 3 года назад +1

      He sales you stuff right? He wants you to use his people, right? He wants you to become an advisor. Hmmm

  • @Clarence_Stinson
    @Clarence_Stinson 6 лет назад +164

    Other reasons why MLM get high turnovers is that recruiters based their recruiting methods on hype and lies. Recruiters often throw their downlines under the bus after they've collected their commission.

    • @raymondphengmany134
      @raymondphengmany134 6 лет назад +21

      If you are getting a commission from recruiting someone in, RUN AWAY AS FAST AS YOU CAN BECAUSE ITS A PYRAMID SCHEME.

    • @DiscoFang
      @DiscoFang 5 лет назад +1

      Raymond Phengmany Amway is not a pyramid scheme for the simple fact that you don't keep the levels under you forever. You only maintain them if they don't achieve a certain level AND you keep selling too. However, they actually rely on people believing it IS a pyramid scheme because that is a dream people have. No work for big money. Amway is simply a structured & organised way, but a very hard way, to potentially make money. Plenty of other ways to do it.

    • @randomstuff-qu7sh
      @randomstuff-qu7sh 4 года назад +5

      @@raymondphengmany134 MLMs strive to be legal pyramid schemes by selling a product. In fact, many MLMs require everyone buy a certain amount of product to retain their rank/status within the MLM. That said, if you look at the pay structure and see the bulk of the money comes from recruiting and maintaining downlines, then its probably best to avoid it unless you have the right skill set and lack of conscience.

    • @stevenhull5025
      @stevenhull5025 2 месяца назад +1

      Really??? I have 2,300 in my business downline and I have never thrown anyone under a bus.

    • @Clarence_Stinson
      @Clarence_Stinson 2 месяца назад

      @stevenhull5025 Yeah, right! Scammer!

  • @danbuchner28
    @danbuchner28 6 лет назад +83

    I tried MLM many years ago, and failed. I don't know if it is a scam or not, but I do know that, as Dave said, you have to constantly recruit and train new people because of the very high turnover rate. This is important because you make most of your money on the commissions from the people below you. The biggest concern is that the people at the bottom have to sell products to customers. A lot of these products are quite expensive and difficult to sell unless you can convince people that these products are different from what you would see in retail stores or online, and are worth the extra cost.

    • @alexsmba
      @alexsmba 6 лет назад +6

      It’s not inherently a scam, but it attracts people who want to get rich without working (thinking it’s a passive income), and a lot of the companies don’t offer products that would stand up on their own.

    • @mikewilliams6025
      @mikewilliams6025 6 лет назад +14

      Dan, I don't want to have to point this out, but you just basically described a scam.

    • @danbuchner28
      @danbuchner28 6 лет назад +16

      Mike, I'm beginning to think MLMs are scams.

    • @corysimmons235
      @corysimmons235 6 лет назад +3

      People fail in A lot of things at lawyers doctors truck driver at making the NFL and NBA

    • @singingcowboy674
      @singingcowboy674 6 лет назад +3

      A few are. Sadly. Most are just extremely difficult due to a lot of market factors like desirablity of the product, supply and demand, pricepoint, etc.

  • @andmicbro1
    @andmicbro1 3 года назад +62

    The reason why I couldn't be in an MLM is because their prime money maker is recruitment, not selling a product. So you're basically making money off people, not a product. That doesn't quite sit well with my conscience.
    I'm glad Dave actually laid out what it is and what it isn't though. MLMs are not a side hustle that you can get rich off. It's a sales business, and you need to recruit like mad to become a master salesman. But yeah, you're not going to make money selling the product, however great it is. You're making money on recruitment.
    It's essentially a legal pyramid scheme, because as long as everyone knows what you're doing I guess it's okay to take people's money from them.

    • @jeffrey2688
      @jeffrey2688 2 года назад +4

      as he said, u r a trainer, teacher,recruiter, motivate ppl to work harder n learn more? all these stuff r free??? u go to school u pay school fees, have they promised u success?? yet u paid them right?? be open minded and objective bud

    • @josuemolina1680
      @josuemolina1680 2 года назад

      @@jeffrey2688 EXACTLY 💯

  • @HolisticHappiness2024
    @HolisticHappiness2024 3 года назад +74

    They should have condemned this. Not acted like this is ok.

  • @FrogyProd
    @FrogyProd 6 лет назад +194

    This kid said he wants to retire at 50. I bet he never had that thought until amway showed up and told him he could retire soon

    • @edwinmalachy
      @edwinmalachy 5 лет назад +7

      I know several people who retired before 30 🤔

    • @DJJusJay
      @DJJusJay 5 лет назад +1

      FrogyProd haha so true! Or other opportunities that brings up retirement and it wasn’t until that convo they’ve thought of retiring lol

    • @edwinmalachy
      @edwinmalachy 5 лет назад +7

      Sometimes that's the way it goes. Some things never even occur to people until they know it might be possible

    • @FaithandNova
      @FaithandNova 5 лет назад

      @@edwinmalachy what did they do for a living?

    • @edwinmalachy
      @edwinmalachy 5 лет назад +3

      @@FaithandNova before Amway? My friend was a manager in a parking garage. His mentor was a manager at Hilton. My friend coached a financial planner to retire at 28.

  • @NoahAbrams01
    @NoahAbrams01 5 лет назад +175

    Dave "there's nothing wrong with mlms" Ramsey. Definitely lost some respect.

    • @humbughumbughumbug
      @humbughumbughumbug 5 лет назад +15

      That's because his church program is a "direct marketing" model. Like Toastmasters. And Zumba.

    • @Seaberrytidedelight3
      @Seaberrytidedelight3 5 лет назад +2

      @@humbughumbughumbug What's the church program called? I'd like to research that.

    • @humbughumbughumbug
      @humbughumbughumbug 5 лет назад +1

      @@Seaberrytidedelight3 It's called, "Financial Peace Churchwide"

    • @AllenSuvorov
      @AllenSuvorov 5 лет назад +8

      Yes, but... then he actually lists some major wrongs: make no money, make friends mad, get
      deceived or deceive thousands of recruits...
      Can't directly attack the thing, it's already in the victims heart.
      But the message is clear - it's a fool tax.

    • @groofromtheup5719
      @groofromtheup5719 5 лет назад +8

      You don't have to scam others or be scammed with MLM. It can be decent part time income for some people. Its when you go for the quick buck that it turns bad.

  • @sharknado523
    @sharknado523 5 лет назад +149

    The short answer is "yes." Any other answer is disingenuous.

  • @DylanBegazo
    @DylanBegazo 6 лет назад +2

    I work 3 jobs right now. One of them isn’t Uber. It’s Lyft. I make $700 a week easy where I drive. $100 a day doing between 11 to 16 rides which is about 5 hours on the road. Trying to be debt free within the next week or two. No credit card purchases or nothing. I’m new to the Dave Ramsey plan but I’m working on it. Almost there!

  • @superman224499
    @superman224499 5 лет назад +38

    Everyone here saying that MLMs aren’t scams, I’m interested in how much money you earns year through your MLM?

    • @thepolyneer6242
      @thepolyneer6242 3 года назад +5

      My favorite is when they brag about being a $1 million earning, and what that usually means in an MLM is that their team has made $1 million over the several years since they’ve joined.

    • @stevenhull5025
      @stevenhull5025 2 месяца назад +1

      $100,000 plus pa

  • @ASimoneau
    @ASimoneau 6 лет назад +57

    Dave's take here is honest and correct. MLM business aren't scams by definition. It's the liars and dishonest people who poison the well for everyone else. There can be liars and dishonest people in a business that operates under a traditional model - that doesn't make traditional businesses scams.
    The flaw in MLMs is that, as Dave points out, being successful requires that you have a very particular skill set that most people don't have. Most people get into it mistakenly believing that they do. Dave puts the onus on people knowing what they're getting into before they get into it.

    • @EPHtheChemist
      @EPHtheChemist 5 лет назад +1

      Jacob Gilliam : This is 2019. You don’t have to recruit anyone to make money with MLM. You’re mad and upset about a business model that NO LONGER EXIST! 😂

    • @YosieCastillo0721
      @YosieCastillo0721 5 лет назад +1

      This was great, thank you for your honest opinion, not all MLMs are scams, but you do need to know what you are getting into like any other biz.

    • @DiscoFang
      @DiscoFang 5 лет назад

      The issue with Amway is they actually rely on people imagining it is fundamentally a Pyramid scheme. It definitely isn't - but what is astonishing is that people in the business often don't actually realise it's not. They don't realise you can lose those "under you" when they reach a level and it also relies on continual work, not just reaching a point then easing off. You can sum it up by "you snooze you lose". Quite literally. Stop recruiting or selling and lose all the "downstream" levels. It's a job.

  • @skfkfkd
    @skfkfkd 6 лет назад +70

    I am pretty disappointed in this episode because he made it seem like this guy could have a good opportunity in making good money if he sticks with it. Like many of the people writing the top comments on this video, there is more than enough evidence to label MLM as scams. Even if Dave can't legally say it is a scam he could have done a better job of shining light in this matter.

    • @jakerose7288
      @jakerose7288 2 года назад +5

      So you're disappointed because he didn't agree with your assumption and that these opportunities actually work? lol

    • @skfkfkd
      @skfkfkd 2 года назад +4

      @@jakerose7288 you actually think that MLMs work for the average rep? This isn't an opinion I can show u he's wrong with the income disclosures these companies have to show.

    • @jakerose7288
      @jakerose7288 2 года назад +1

      @@skfkfkd Yes I do and please do because I've personally seen and experienced the amount of income that can be generated, I agree that not every company is the same but depending on the products and services and compensation plan in order to achieve and increase your income, it is doable, regardless of how long it takes.

    • @skfkfkd
      @skfkfkd 2 года назад +1

      @@jakerose7288 what MLM has generated you wealth?

    • @jakerose7288
      @jakerose7288 2 года назад

      @@skfkfkd ACN and now Nexarise

  • @melaniecarr8834
    @melaniecarr8834 5 лет назад +47

    Want to know the great thing about MLMS? Ayone can get into them. Want to know what sucks about MLMs? Anyone can get into them.
    Long story short most people dont have the actual work ethic and commitment and the ability to hold out for delayed gratification.

    • @starcrafsf7101
      @starcrafsf7101 4 года назад +1

      Very true.

    • @winstonava1
      @winstonava1 4 года назад +10

      The most coherent comment Ive seen. Its not the business thats bad, its a tool. Its up to the people/leaders to use that tool for good or evil.

    • @dessieangel1021
      @dessieangel1021 4 года назад +6

      But the tool isn’t really that good now is it? It’s a house of cards. One disaster happens, and it topples down. They hype everyone up as if every one has a chance to be a diamond. But no, the model requires people to always be at the bottom. The model requires people to be a foundation for one diamond. If it was a perfect world and everyone did exactly what was taught, there will always be people at the bottom. The company would never reach a point where everyone is a diamond. This company profits off of gullible losers who are willing to “delay their gratification” to fuel the engine.

  • @DylanBegazo
    @DylanBegazo 6 лет назад +16

    Honestly. I used to work for PRI America which is an MLM and I found out from a few employees working at the office I was hired at that the management were selling social security numbers and other sensitive info and when I went online I found out the company was sued in Florida for scamming its customers out of their pensions back in the day. I decided to quit and 3 other employees quit alongside me too. I’m glad I did. I feel safer now and I feel like I got my dignity back too. I’d rather do honest work.

  • @kathymaher903
    @kathymaher903 5 лет назад +5

    MLM is not for whimps. It’s a great business model if you area’ t afraid of hard work and can stick with something.
    If you can not be lured into inventorying to get garage qualified. If you are offering something people NEED.

    • @stevenhull5025
      @stevenhull5025 2 месяца назад

      At least someone here has common sense.

  • @MrsWilson711
    @MrsWilson711 6 лет назад +3

    People have alot to learn about Network marketing. I'm in a network marketing company called ACN and its given millions of us the life we've always wanted. We dont sell products we sell services on bills we would be paying everyday for the rest of our lives anyway. People say it's a scam because the work is hard. Yes it's harder working for yourself than it is working for others. But you can become successful in wayyyy less than 7-10 years if done right and you take it serious

  • @johnjamele
    @johnjamele 5 лет назад +21

    Really worried about a 23-year old who is already dreaming about retiring.

    • @SupremeChimp
      @SupremeChimp 5 лет назад +4

      Seriously "I've never worked, and I never want to, but I want to be rich."

    • @cgasucks
      @cgasucks 5 лет назад +2

      @@SupremeChimp Wants all the money but not willing to put in the work...what a loser.

    • @stevenhull5025
      @stevenhull5025 2 месяца назад +1

      Why?? At 20 I dreamt I would retire at 48. I did.

  • @gqlovalova
    @gqlovalova 6 лет назад +94

    It's definitely a scam Dave just doesn't want to hurt his friends feelings

    • @corbincreamer4353
      @corbincreamer4353 3 года назад

      Dude, he is the most transparent person ever lol

    • @sammyclemens5390
      @sammyclemens5390 2 года назад

      @Shane Stensaas Then he’s an idiot if he’s even mildly endorsing MLMs.

  • @jordankelley6005
    @jordankelley6005 5 лет назад +44

    I was in it for three months and am not anymore. 😂 Bogus. Now I’m a structural engineer.

    • @rickthebeekeeper9170
      @rickthebeekeeper9170 2 месяца назад

      How successful of a structural engineer were you after three months?

    • @jordankelley6005
      @jordankelley6005 2 месяца назад

      @@rickthebeekeeper9170 More successful than I was after three months in the MLM.

  • @ruxp10
    @ruxp10 3 года назад +9

    I would truly believe that making “real money” at an MLM is about as realistic as hitting the lottery

    • @johnd9541
      @johnd9541 3 года назад +2

      Technically, lottery wins have better odds.

    • @allencampbell8322
      @allencampbell8322 3 года назад +2

      Lottery is a better chance

    • @360.Tapestry
      @360.Tapestry 9 месяцев назад +1

      playing the lottery doesn't require rare skills and abilities🤷‍♂

  • @JaySmith-uq6tb
    @JaySmith-uq6tb 4 года назад +88

    For all of the Pro MLM people, please name me one legit Fortune 500 company that made their fortunes as an MLM. For example: Apple, Microsoft, Ford, Amazon, Geico, etc. If the MLM model is so great, then how come Steve Jobs did not sell iphones through an MLM company?

    • @Movato
      @Movato 4 года назад +1

      Geninc

    • @rovitra
      @rovitra 4 года назад +2

      Maybe they will say cause they are all new companies

    • @jahsnoke8043
      @jahsnoke8043 4 года назад +4

      MLM companies have an interest in enriching its workers.. Corporate companies HATE workers. In fact peoples wages are the biggest drain on the CEO's wallet and he'll do anything not to pay it. Thats why Fords's factories are filled with wageless robots, and Apples's Iphones are made in extremley low waged Chinese labour camps.

    • @mpenna02
      @mpenna02 4 года назад +28

      @@jahsnoke8043 what mlm do you work for lol

    • @jbadams56
      @jbadams56 4 года назад +3

      Primerica

  • @Wakester115
    @Wakester115 5 лет назад +52

    MLM’s feed on people in their 20’s. It’s always amazed me how Dave does not call pyramid schemes out for what they are.

    • @animarble3
      @animarble3 5 лет назад +1

      cool kids because he also knows a few people who became millionaires thru it.

    • @LWT633
      @LWT633 5 лет назад +2

      Because they are not pyramid skins . They are just hard business

    • @greenearthblueskies8556
      @greenearthblueskies8556 5 лет назад +10

      Iron Heart Fitness 🤣🤣🤣...You mean “hardly” business

    • @LWT633
      @LWT633 5 лет назад +1

      Derrick Stinoski lol ... so ignorant

    • @johnd9541
      @johnd9541 5 лет назад

      Not pyramid schemes.....by whose standard? The FTC allows the MLM industry to self-regulate except in rare cases., and warns the public to make their own determination. The FTC currently has a 29-0 record against those they've investigated to date.

  • @brianafranklin8164
    @brianafranklin8164 5 лет назад +10

    Someone tried to lure me into MLM. Every time I asked her if I was going to be selling my own products or someone else's she couldn't answer. I told her no way and she was so upset. Just be honest from the jump. It's a scam.

    • @christofl6523
      @christofl6523 5 лет назад

      And you still work at your dead end job, don't you?

    • @brianafranklin8164
      @brianafranklin8164 5 лет назад

      Christof L stop talking to me, scammer.

    • @christofl6523
      @christofl6523 5 лет назад

      @@brianafranklin8164 Keep working hard and maybe you can retire at 67.

    • @brianafranklin8164
      @brianafranklin8164 5 лет назад

      Christof L okay scammer

    • @valuecalc
      @valuecalc 5 лет назад +2

      Briana Franklin , he is indeed a scammer, doing his best to defend scammers by attacking you.

  • @marriagepartnersministry5942
    @marriagepartnersministry5942 5 лет назад +13

    I know a real go getter extrovert who has been diligently working at Amway for 6 years. Today he makes 2100 a month but he spends about 400 of that on overpriced product for self usage, writes off 600 a month on vehicle expense to run around to endless meetings, goes to 4 big annual meetings that involves traveling airfare expenses. If this dude I know isn't making big money then I doubt the average person will make any real after expenses money.

    • @LWT633
      @LWT633 5 лет назад

      You may think he is a go getter . But maybe he is Not putting in as much work as you think . I know people who have been in MLM for years with not that much success and other that quicker gain more financial success . It’s hard work not just tune in that matters . Do some research

    • @greenearthblueskies8556
      @greenearthblueskies8556 5 лет назад +2

      Iron Heart Fitness 😂😂😂typical response from a. Amwaybot

    • @LWT633
      @LWT633 5 лет назад

      Derrick Stinoski well in this video he clearly states that there are people who achieve success with it. Why can’t you believe it! Wake up . In the USA only top 1% individual income earners earn over 250/k per year in income . It’s hard to be top 1% income earner no matter where you are or what you do .

  • @Jane_1994
    @Jane_1994 4 года назад +7

    Men in their twenties who talk about retiring early gross me out! And it's always guys who didn't have to work while they went to school. Like...you estimate that you can only stomach working 15 or 20 years of your life? Get out.

  • @williamtuepker
    @williamtuepker Год назад +3

    Utterly disappointed in Dave. An MLM is an unethical business model and it destroys lives. Honestly, it sounds like Dave was not prepared for this conversation. Explains why there is 266K views and only 8.7K likes.

    • @stevenhull5025
      @stevenhull5025 2 месяца назад +1

      Unethical??? Why do many large companies incorporate the MLM business model within their business?? Why do people like Warren Buffet invest in Multi Level marketing companies??? Obviously you have not done your due diligence

  • @moneystrb22
    @moneystrb22 4 года назад +50

    The skill set he’s talking about is scamming people and manipulation

    • @h1ghnezz
      @h1ghnezz 4 года назад

      Nah just selling.

    • @Adam-mj5hl
      @Adam-mj5hl 4 года назад +4

      h1ghnezz lol, ya selling a false dream.

    • @h1ghnezz
      @h1ghnezz 4 года назад

      @@Adam-mj5hl how do you mean that

    • @invictuz4803
      @invictuz4803 4 года назад +2

      Selling people is the definition of scamming.

    • @jmoney3669
      @jmoney3669 4 года назад +3

      Or by being delusional enough to believe that you are helping those you are recruiting because you don't understand the true economics of your business

  • @mr.speyside5240
    @mr.speyside5240 4 года назад +22

    I have a particular set of skills to annoy, harass and antagonize all my friends and family with a worthless pyramid scheme.

    • @stevenhull5025
      @stevenhull5025 2 месяца назад

      Pyramid scheme it is not. Work for ANY company and it is structured as a pyramid. You have zero chance of reaching the top. In MLM EVERYONE has equal opportunity to reach the top.

  • @crowtservo
    @crowtservo Год назад +1

    MLMs are just Time Shares for poor people. They sell you something that sounds great but it’s all just a way for a wealthy company to take advantage of people who don’t know better.

  • @caj1119
    @caj1119 6 лет назад +23

    If this guy wants to be retired by age 50, it won't happen if he's doing multi-level marketing. Every MLM company I've seen has a few people at the top making millions and the rest are making almost nothing or losing money. The concept is just doomed by design. Why it still goes on, I will never understand. The next person who tries to recruit you for multi-level marketing, ask them how much extra money are they making? I guarantee you will get one of three answers 1) no response at all, 2) claiming they are just getting started and expect to be making real money soon or 3) claiming they don't share any of their personal finance information with others.

    • @wbtittle
      @wbtittle 3 года назад +1

      Family members were part of Amway. We were sitting down at an amusement park and they started talking about their Double Diamond upline. The upline was moving. "Why are they moving?"
      Ans: Because their landlord sold the the house they were living in.
      Why didn't they own their house?
      Ans: It was not their dream house.
      Hmmm. Double Diamond should be well into the "Able to own your own house!" Category.

  • @rothbj1
    @rothbj1 3 года назад +35

    Another possible theory of Dave's reluctance to criticize MLM's is that many of his listeners are most likely involved. If he calls them out for the scams they are, he becomes a 'Dream Stealer' and they tune out.

    • @totalnewb123
      @totalnewb123 2 года назад +1

      “Dream Stealer”? What’s that?

    • @rothbj1
      @rothbj1 2 года назад +3

      @@totalnewb123 Common phrase used by Uplines. Anyone talking sense is trying to 'steal your dream'....

  • @froggore52
    @froggore52 6 лет назад +51

    I really don't understand Dave's accepting attitude of MLMs. They're scammy, slimy and a huge waste of money and time. They're right up Dave's alley for things he should ridicule for their stupidity, yet he doesn't...

    • @bryona7096
      @bryona7096 6 лет назад +4

      Chris House cuz he's smarter than you

    • @MegaBakuganfreak
      @MegaBakuganfreak 6 лет назад +2

      Wyatt Chartrand no you are lol mlm is not a scam it's just annoying tedious work. A pyramid scheme is when a recruit pays to join and no real product is being sold everyone makes money from the recruiting and that's illegal

    • @girlbossrules9554
      @girlbossrules9554 6 лет назад +1

      He knows you can make money from mlms. The people at the top make the money.

    • @jcvelez915
      @jcvelez915 6 лет назад

      Because he has friends that make millions meaning he knows the people who started or were the first recruits. Everyone else will fail. He won’t bash it when people are relying on him not too

    • @randallanimal
      @randallanimal 6 лет назад +1

      "They're scammy, slimy and a huge waste of money and time." Same description of the summer sales program I did... finally realized after the fact.

  • @insideoutsideupsidedown2218
    @insideoutsideupsidedown2218 5 лет назад +12

    Dave says that credit cards are the cigarettes of the financial world; MLM's are the reverse mortgages of the business world.....

  • @ianmowbray3284
    @ianmowbray3284 6 лет назад +571

    It’s a scam but he can’t say it lol

    • @davidsamuel6018
      @davidsamuel6018 5 лет назад +21

      Is the IRS, Credit Card, Loan, Banking Industry companies too a scam ?

    • @yoon2700
      @yoon2700 5 лет назад +31

      @@davidsamuel6018 it sure is

    • @xxitzsmellyxx
      @xxitzsmellyxx 5 лет назад +7

      Why can't he say it?

    • @allrevenuegone
      @allrevenuegone 5 лет назад +17

      @@xxitzsmellyxx For legal reason that's a joke! For legal reason that's a joke!

    • @matthewmccone2126
      @matthewmccone2126 5 лет назад +15

      If it's a scam, everything is a scam bc you can lose your job too...so be realistic or keep your mouth shut.

  • @bettef9188
    @bettef9188 5 лет назад +14

    He says right off the bat why only 1% succeed and the specific strategy needed to succeed.

    • @daoyang223
      @daoyang223 5 лет назад +2

      If you can get people to sell, you can reap their rewards.
      Get all the sellers to sell for you and you can work part time just reaping what they sow.
      Usually only 1%

    • @360.Tapestry
      @360.Tapestry 9 месяцев назад

      it takes a certain kind of personality - thick skin and social skills. most people think they're tough and persuasive, but they're not million-dollar tough and persuasive

  • @ADHDoThing
    @ADHDoThing 6 лет назад +64

    its Ironic because I was driving for Lyft and one of my passengers tried to sell me on Amway

    • @kijoule
      @kijoule 5 лет назад +6

      🤣🤣🤣🤣🤣😜What an oxymoron

    • @kingoffuzziethieves
      @kingoffuzziethieves 5 лет назад +3

      Looking strictly at the numbers, you probably should've listened.
      In order to "retire" as a full-time Lyft driver, you'd need to take standard fares all day long for 72 years.
      But even if you go only to the top of Amway's sales plan (ignoring the team aspect completely), you should be able to gross $1.5 million (the low end American retirement fund amount) within about 7-8 years.
      And you don't have to put gas and new brake pads onto an Amway business--not to mention no one can throw up in your car either!
      The good news is you're more than welcome to do both though. Money is money, in my opinion.

    • @winstonava1
      @winstonava1 4 года назад

      @@kingoffuzziethieves plus you have unlimited people to sift through as a lyft driver. This guy in my city went from 0-15k/mo in a year driving lyft fulltime then hosting a plan showing every friday. His whole team started doing this and he had liek 5-6 3k/mo earners in 6-8 months. It was crazy to see the come up for these guys, one was 21! MLM is only a scam if you dont work it consistently and dont qualify people.

    • @Kodak718
      @Kodak718 4 года назад +2

      😂

    • @stevenhull5025
      @stevenhull5025 2 месяца назад

      Carry on driving for Lyft until you retire

  • @WCGwkf
    @WCGwkf 6 лет назад +5

    Pyramid schemes are some of the biggest scams ever. If you're not the scammer at the top you're being burned. My cousins thought about getting into one and they had to purchase the product out of pocket in order to sell and they don't keep much profits. I'm glad they avoided it.

    • @singingcowboy674
      @singingcowboy674 6 лет назад

      If you are considering a MLM and a Network Marketing business a scam by default because it's structure is shaped like a pyramid then you are not educated enough on the matter to determine it's a scam. Because there are SEVERAL distinguishing factors between a MLM/NM company structure and a pyramid scheme. But here, can you explain to me what the differences are? If you can't it means you aren't educated on the differences so you wouldn't know a legit company structure if it reached out and shook your hand. This is not an insult. This is a encouragement to educate yourself so you can discern the difference.

    • @droneboy5415
      @droneboy5415 6 лет назад +1

      @@singingcowboy674 why dont you explain the difference instead of calling him out

    • @singingcowboy674
      @singingcowboy674 6 лет назад

      @@droneboy5415 Because he is predisposed to figuring any explanations are deceptions and therefore rather than doing his own research he would simply dismiss it out of hand.

    • @stevenhull5025
      @stevenhull5025 2 месяца назад

      How about 38% profit margin on personal sales??? Plus commissions on my downline sales. I hold zero stock.

  • @PurpleJersey999
    @PurpleJersey999 2 года назад +30

    Im real surprised by Dave's response. I woulda thought based on how he perceives money in general that he would wholeheartedly advise people to not jump into a pyramid scheme. I wonder if he gets paid to speak at any of their seminars?

    • @johnd9541
      @johnd9541 2 года назад +8

      Don't forget, Dave's earlier radio show co-host was Roy Matlock Jr (of AL Williams/Primerica). Still seems he has connections too

    • @Sleeepinglion
      @Sleeepinglion Год назад +1

      Dave is too smart to involve himself on paper.
      He rubs shoulders with a couple speakers like john c maxwell, and more network managers

  • @EarlyBirdCraft
    @EarlyBirdCraft 3 года назад +2

    MLM makes you believe that you can sell and recruit people to make money. The nasty truth is you’re the customer who’s buying products that you don’t need with hopes of selling them to someone.

    • @stevenhull5025
      @stevenhull5025 2 месяца назад +1

      Why join a company with a product you don't use yourself???

  • @MusiciansIgnite
    @MusiciansIgnite 7 месяцев назад +1

    I think most don’t understand that these MLMs are only for salespeople. If you’re not into sales or have no desire to learn how to sell, don’t do MLM.
    *Side note, if you’re selling to family and friends you’re doing it wrong.

  • @migzart1434
    @migzart1434 5 лет назад +5

    I use to be in an MLM at 18. Learned a whole lot and got my first taste of what the sales world is; it can be brutal. But it gives you a thick skin. I quit because music always called me back with it’s urge to create.

  • @mickwosika769
    @mickwosika769 3 года назад +4

    It's a known fact that around 98% of people who join an MLM do not earn enough to replace a full-time job...Between 50%-65% leave within 12 months with most in debt.

    • @stevenhull5025
      @stevenhull5025 2 месяца назад

      Why in debt?? Filling their garages with stock to qualify??? Leasing a fancy car and renting a mansion to "fake it until you make it" Do these things and you WILL fail. You are only bullshit*ng yourself.

  • @92551mike
    @92551mike 5 лет назад +47

    It boils down to learning some business skills to be successful in whatever you do

  • @heyhey11793
    @heyhey11793 4 года назад +2

    MLMs are the worst

  • @fdadrtrttewrt
    @fdadrtrttewrt 6 месяцев назад +2

    Dan, take a hard pass. Amway makes its money on recruiting and not selling products. How much comes from recruiting and how much from selling? I don’t know because MLMs never report it. They prey on the hopes and dreams of desperate and adrift people. As a new recruit you will be paying the following:
    • Registration Fee:
    • Starter Kits:
    • Annual Renewal Fee:
    Does a real job make you pay to be employed or does it pay you? There is money to be made but it won’t be by you. Go and play the drums and think about another plan.

    • @stevenhull5025
      @stevenhull5025 2 месяца назад

      So filling your car with gas, taking a bus or a train to "work" and paying out of your own pocket to make your employer rich is what??? I wonder why millions of "workers" struggle just to survive. MLM is a legitimate business model in which EVERYONE has equal chance to reach the top UNLIKE traditional businesses.

  • @edricklawrenceong7776
    @edricklawrenceong7776 5 лет назад +292

    "Multi-level marketing company" is just a fancy way of saying pyramid scheme

    • @rraannddoomm9389
      @rraannddoomm9389 5 лет назад +3

      Yes but why are pyramid systems bad? Yes, you give a part of your profit to someone over you but you get a part of x amount of people. It's more or less a way to motivate the marketers to do something.

    • @edricklawrenceong7776
      @edricklawrenceong7776 5 лет назад +26

      rraannddoomm because all pyramid schemes will inevitably collapse. The main feature of pyramid schemes is that the only way for a seller to became profitable is to become a supplier to other sellers, so if 1 person supplies to 5 people and those 5 people supply to 5 more people each you'll have 25, those 25 people supply to 5 each and you'll have 125, after 14 cycles of this you'd literally run out of people on the Earth to supply to, at that point the pyramid collapses and everyone loses their money. It's simple Math.

    • @edricklawrenceong7776
      @edricklawrenceong7776 5 лет назад +17

      This is why pyrimidine schemes are ILLEGAL in almost every country on Earth including the Unites States. MLMs like Herbalife and Rodan&Fields are pretty much operating in a legal gray area.

    • @shshdhd9363
      @shshdhd9363 5 лет назад +3

      No , I made money when I did it ,

    • @mikebirnie8900
      @mikebirnie8900 5 лет назад +1

      You do t have a clue...

  • @sylvesterstain
    @sylvesterstain 4 года назад +6

    “I’m not gonna talk you out of it” meanwhile spends the 8 minute segment talking him out of it.

  • @mdazharuddin2682
    @mdazharuddin2682 4 года назад +10

    Credit cards are scam but MLM are ok 🤯

    • @imjamarjackson
      @imjamarjackson 3 года назад

      Both are legit If you understand it fully

  • @darthrubik8384
    @darthrubik8384 4 месяца назад +1

    Shame on Ramsey for not absolutely condemning the absolute fraud of Amway.

  • @petermcnally4277
    @petermcnally4277 5 лет назад +1

    Funny how people say MLM is bad, it's a pyramid scheme, don't get into it and yet the majority of them are ok with being in the true pyramid scheme of them all: a job.

    • @texan903
      @texan903 5 лет назад

      People typically aren't thinkers or leaders, yes, a job is the biggest scam around, especially if you consider the ones that offer few, if any benefits. Others, like Sears, allows employees to devote the better part of their life, 25-30 years before the company decides not to pay a pension as promised.

    • @Dero_milsurp
      @Dero_milsurp 5 лет назад

      Peter McNally a job doesn’t require you to pay them more than you initially make to be employed by them. A job doesn’t require you to purchase tools and apps on a monthly basis to remain employed. A job doesn’t require you to attend rallies for story telling and motivational speaking to remain employed. In a job, you are paid for the work you give. In a MLM, your work directly benefits those above you, while you get less than 1% commission for every dollar YOU generate. You are the product. You are the source of income. THAT is the pyramid, not a job.

    • @petermcnally4277
      @petermcnally4277 5 лет назад

      @@Dero_milsurp There are jobs that do require people to pay for their background check before getting hired, and it's not even a guarantee that you'll get the job. Also, some jobs do require you to go to training seminars, for instance, most corporate positions, union jobs, and even fast food restaurants. Plus, a lot of jobs do required to pay for tools out of your own pocket, hence mechanics, carpenters, and even warehouse positions. And, most jobs have a dress code you have to abide by, so you'll have to purchase the clothing required in order to meet it. In a job, you're helping the owner make money, and he/she are giving you a very small cut of the profits because it's the law, which they in turn can write off on their taxes at the end of the year and get back in their returns. I'm not defending MLM businesses, because they have many flaws within them too. I'm just saying don't knock on them all the time and give jobs the pass because they're not innocent either. In this day in age, it's best to be self-employed, whether it's in MLM or in a traditional business. I go for the latter.

  • @NightSound16
    @NightSound16 5 лет назад +11

    There’s people who have been in Amway for years and years, but have lost more than they made. Also, you can’t be in Amway part time if you want it to work. It’s a full time thing.

  • @sarahb8147
    @sarahb8147 5 лет назад +28

    “There’s nothing evil or wrong about this”? Really Dave?

    • @mastertommy6879
      @mastertommy6879 5 лет назад +7

      Sarah Bullard There is nothing evil with mlms. It is how you you recruit and how you sell that makes you evil or good. You can be in mlms and still be ethical.

    • @audreyt6745
      @audreyt6745 5 лет назад +5

      Exactly my thoughts! I can't think of any ethical MLMs that I know of.

    • @johnd9541
      @johnd9541 5 лет назад +6

      Sarah, do you tell potential recruits they have a 99.7% chance of losing money? If not, you're being unethical, because that is the industry figure.

  • @JohnBowl14690
    @JohnBowl14690 6 лет назад +36

    LISTEN at 3:40 to 3:52 . Dave is saying that he knows 5 people that became millionaires. He also met thousands that quit in 3 months. He is NOT saying to join Amway. LISTEN!!!!

    • @MM-rs6tk
      @MM-rs6tk 3 года назад +1

      That’s his business model! Use his services! Join his team! I wonder how much it cost to be an advisor going thru him. Same thing

    • @stevenhull5025
      @stevenhull5025 2 месяца назад +1

      HA HA HA. THREE MONTHS??? Who the hell can build a business in JUST three months??? Try three YEARS and you might get somewhere.

    • @JohnBowl14690
      @JohnBowl14690 2 месяца назад

      @@stevenhull5025 - For Amway, it will likely be more like 3 centuries. 99% actually end up losing money in MLMs.

  • @trumpisgod2535
    @trumpisgod2535 5 лет назад +13

    The guy with the million dollars in this scam is the one at the top collecting all the cash from the dummies 🤣

  • @BamBamBigelow..
    @BamBamBigelow.. 6 лет назад +66

    MLM’s are a win if you don’t mind exploiting the people you hold most dear! Have at it....enjoy their money you scammed.........

    • @rraannddoomm9389
      @rraannddoomm9389 5 лет назад +1

      Why the people dearest to you? Ask someone on Instagram lol

    • @bdailey8065
      @bdailey8065 5 лет назад +1

      You don't have to promote your business to family and friends to be successful in mlm. You can always create a business account/page on instagram/twitter,RUclips etc and find entrepreneurial minded people to become new customers/business partners in your online business. Also there's many other ways to build your online business as well.

    • @terrierislander1
      @terrierislander1 5 лет назад

      @Bryan Badass Dass lacked discipline, lacked budgeting, invested in something that is not a real interest of yours, invested in more then the minimums. Invest as much as you want but get a game plan, execute it and get a plan b.

    • @terrierislander1
      @terrierislander1 5 лет назад

      @Bryan Badass Dass No, but a recruiter should always make sure new prospects like the product or service and invest more time and less money. Businesses need more time then they need money.

  • @grayandgray
    @grayandgray 6 лет назад +27

    Dave really needs to undertake an ethical evaluation of MLM (this income disclosure obviously stinks). It's fantasy to think some star will rise in an MLM. To do that, you have to start one. I don't like how Dave seems OK to churn a downline for those poor peoples' last $399. Predatory.

    • @BarkusMuhl
      @BarkusMuhl 6 лет назад +5

      It's very unchristian.

    • @saintapoc6619
      @saintapoc6619 4 года назад +1

      I know this is an old post and I'm not defending Dave, but when you live like a hammer, everything looks like a nail. Dave is focusing here primarily on the business aspect and not considering the ethical issues.

  • @NathanConner
    @NathanConner 5 лет назад +3

    Affiliate Marketing through blogging is way better and easier than MLM. It is an introverts dream business. But like any business it takes hard work, 💰, and patience.

  • @johnd9541
    @johnd9541 3 года назад +4

    "Hi Dave, I'm calling to ask if you think losing money in MLM is a good idea"???? The only answer is "No", Dave.

  • @sessayu2502
    @sessayu2502 4 года назад +1

    Dave's very diplomatic and doesn't want a lawsuit. I have a family member that's been in MLM for over 20 years that sells financial products. She's in her 60's has never owned a home or a car and the only reason she's surviving is because she's stolen money from her elderly mother. Yet she tried to recruit my teenage son to join the scheme. My husband and I have cut off contact with her.

  • @Shadowb-w7s
    @Shadowb-w7s 2 года назад +1

    Even if you’re successful, you’re fraudulent because you’re selling people false hope and worse…….. taking peoples money that they can’t afford to lose and will never see again!

  • @justinkelsey9218
    @justinkelsey9218 4 года назад +12

    To me it seems like the law needs to be followed. The 80 20 law says that an MLM company needs to make 80% of its sales revenue from retail end users not affiliated with the MLM (distributors). That would signal real market demand for the products and not artificial demand created from distributors buying products then recruiting more distributors to buy more product making them the legal definition of a pyramid scheme. The problem is that there is so many levels of commission built into the sale price of each product that they can't compete in the free market and have to sell the product along with the "business opportunity" for a sale to happen so they have to operate illegally according to the 80 20 law. This information can not be refuted because most MLMs conveniently don't track it because they don't have to and would be shut down if they did.

  • @randomwanderer7
    @randomwanderer7 4 года назад +12

    Red Flag: Want to Get paid for the free advice you give to other people?

    • @illuminerd3757
      @illuminerd3757 4 года назад

      Well, your listening to Dave Ramsey for free and hes getting paid?

  • @mulutlewatmulut718
    @mulutlewatmulut718 6 лет назад +10

    I own 2 conventional businesses and 1 MLM... Business is business. The point of doing business is to be rich. In order for your business to continue you must continue selling by recruiting customers to buy products. MLM is not easy. It is hard. But the good thing about MLM is you get to leverage your effort. My conventional business has expenses of $25K a month and my MLM business is only $189 a month. I can't tell poor people to open up a conventional business like me since most people in America barely have $1000 cash in their savings acct. But I tell people especially young people to start learning about business and MLM is the great place to do that. Not college. College is only good if you want to be an awesome 9 to 5 employee. Business is all about MINDSET. whether it's conventional or MLM the business mindset is the same - you must sell your products. Dave's product is financial advice. In order for him to continue his business he must recruit customers. He leverages his effort through radio and RUclips. MLM people do that through people. They educate their new recruit or customer about the business if they want to do the business. If they only want to be customers that's fine. But let me tell you something... Not everyone is successful in life. Only few make it in business. Just like only 1 winner in every sport competition out of so many teams competing. So if you don't have the guts to challenge yourselves just choose your path to be employees. There is few successful people also in every company. Every company has CEO, President, Managers...they are top guys who earn $$$$$$$ while the bottom earn $. So do what ever it takes to climb up to the top and fight for your dream. In the end it's all about becoming rich right?
    Good luck everyone!
    Let's get rich together.

    • @GetOffTheRatWheel
      @GetOffTheRatWheel 6 лет назад +3

      Mulut Lewat Mulut This was one of the most credible comments left under this video. I wholeheartedly co-sign. I also certainly acknowledge that there are so many in the network marketing profession who over-hype their business in order to recruit. It gives MLM a bad name. But those of us who do this business right run an honest and viable business. People like Eric Worre, Ray Higdon and the late Jim Rohn are folks that we teach our teams to emulate so that we run our businesses the CORRECT way.
      Addressing the attrition in MLM: 95-99% of ALL businesses fail, MLM or not. But unlike any job in corporate america, Network marketers are incentivized for helping others achieve success. In certain jobs, we rarely are incentivized for helping others and sometimes it makes us replaceable. MLMs teach leadership, personal development and professional development skills. Most serious MLMers are in Toastmasters. And many of us, myself included, have used our earnings to give back, launch other thriving businesses, and support others who are looking to run their own businesses. Like others in this chat, I was very much against MLM‘s until I met successful 6 and 7 figure earners who took the time to teach me the science. I was open to hearing their POV. Everyone is entitled to their opinion and I certainly acknowledge that many are turned against this profession. It’s not for everyone. But it’s not a flawed business model. Unfortunately it’s a factor of a small number of flawed people.

    • @Hochi_Boy
      @Hochi_Boy 5 лет назад +1

      Thank you, good to see a sensible comment. Well said

    • @AlexielRaziel
      @AlexielRaziel 5 лет назад +2

      Well, that was quite a pitch.

    • @MarilynOkita
      @MarilynOkita 5 лет назад

      Thanks for taking the time to share your thoughts on this subject which I agree with 100%. Every business must continually grow or they become a statistic in the dustbin of history. Business is business! In Network Marketing, individuals with no special certifications can leverage their time through the talents of others who are willing to assist with their referrals while they are new and learning. In any industry like real estate, financial planning, doctors, lawyers, Subway, etc., FEW ever hit the TOP 1%. Getting Rich is NOT a primary goal of most people buy they want to spend more quality time with their loved ones, take vacations, enjoy the good life without accumulating bad debt! In life, there are always risks involved with running your own business but rewards are available for those with the greatest desire and success habits. Network Marketing is no different than any other business except that it has the power of leverage and time freedom.

  • @carlosherrerahoward6963
    @carlosherrerahoward6963 4 года назад +1

    MLM is not easy, you have to put in the hours, learn and become a professional.
    Just like any other business, people think they just show up and win money without doing anything and then call it a Scam 🤷🏼‍♂️🤦🏼‍♂️

    • @stevenhull5025
      @stevenhull5025 2 месяца назад

      At last, someone who lives in a realistic world.

  • @lkjacob1
    @lkjacob1 4 года назад +1

    Absolutely, MLM is a SCAM! There is a local business man, if you could call him that, that loves taking others money. He isn't a hard worker but finds suckers that give him money all the time. Now he is being sued!

  • @RandomRouletteFun
    @RandomRouletteFun 4 года назад +17

    Ramsey went soft on MLM. Yes it is a scam.

    • @valuecalc
      @valuecalc 4 года назад

      He isn't buying the lies.

  • @tylerellis4275
    @tylerellis4275 6 лет назад +309

    TYPICAL AMWAY ENCOUNTER
    Old stranger: *calls you out of the blue*
    You: "umm hey?"
    Old stranger: "Hey uh... it's been a while I hope you're doing fine"
    You: *awkward pause* "yea"?
    Old stranger: " so are you looking to make an extra source of---"
    You: *Hangs phone up in face*

  • @SirCharlesDeKoy
    @SirCharlesDeKoy 6 лет назад +8

    I got “recruited” to Primerica when I was like 19. I was in college making minimum wage and was desperate for money. I paid for my insurance license (which was very expensive for me). I, of course had no one to sell to and was to naive to figure that out ahead of time.
    I am by my nature a TERRIBLE salesperson. I’m not pushy and hate selling people products I don’t feel they need.

    • @BarkusMuhl
      @BarkusMuhl 6 лет назад +6

      That makes you a decent person, if that's any consolation.

    • @phu-ducnguyen9922
      @phu-ducnguyen9922 5 лет назад

      You were the wrong target market they recruited because you don’t have a market in which you can talk to about your product. Thus, you need to go cold prospecting and cold prospecting sucks!!

    • @ndiaz0028
      @ndiaz0028 3 года назад

      You were in Primerica and paid for your insurance license?? Hmmm...
      Initially all you pay upfront is a small fee to get you in the system to obtain your agent ID and studying material to pass the state exam. Primerica pays for all other fees for you to obtain a license and reimburses your investment back plus more once your license hits the state. So the information you're giving is incorrect. Unless you paid to obtain your life license on your own outside of Primerica because you can but it be way more expensive that way so it sound like that's what you did instead?... except you were a naive broke college kid at the time who was clearly misinformed. By what Im reading you also didn't see the value in properly protecting families in case of a death. So even then you didn't think a family deserved to know the importance of having life insurance? My 17 year old nephew even knows the importance of having it. No one wants to struggle paying for a funeral. My spouse has been in Primerica since he was 19 and is now 29 even he was naive enough to know the importance of what we do for families. We make unbelievable income. You were just not hungry enough for someone who was broke in college.

  • @eddycarpenter8989
    @eddycarpenter8989 3 года назад +2

    To tell someone they cannot succeed in multi-level marketing is equivalent to telling them they are incapable of achieving their potential. A lot of people say it's a pyramid scheme but it's really just selling. If you know how to sell, negotiate, close, manage and recruit... You can succeed within a multi-level marketing structure. If you cannot. Then you will fail. It's as simple as that.

    • @johnd9541
      @johnd9541 3 года назад

      MLM is about selling........to new recruits, which is the hallmark of a Pyramid Scheme.

    • @eddycarpenter8989
      @eddycarpenter8989 3 года назад

      @@johnd9541 there are people within certain MLMs that just sell the products.

    • @johnd9541
      @johnd9541 3 года назад

      @@eddycarpenter8989 Yes, and majority of their sales are ultimately made to the people they or their recruits recruit, in the form of starter kits or purchases made to maintain their "Active" status in the pyramid. Self consumption is the hallmark of MLM, and also the prime reason they are determined to be Pyramid Schemes.

    • @eddycarpenter8989
      @eddycarpenter8989 3 года назад

      @@johnd9541 Sounds like you were involved in an MLM and then busted out because you lacked direct sales skills

    • @johnd9541
      @johnd9541 3 года назад

      @@eddycarpenter8989 Actually no. I'm a forensic financial analyst who specializes in Annual Reports and other financial statements, including MLM "Annual Income Disclosure Statements", or as I refer to them "Pink elephants and Unicorn glitter".

  • @smorfnimda
    @smorfnimda 4 года назад +1

    The bad part about MLM's is that these things too often take on a level of enthusiasm that makes them start to feel like a cult. You start to look at everyone you interact with as a recruit and you have no relationships in your life anymore that aren't transactional. They break down their manners and decorum to the point that no one wants to be around them. - Dave Ramsey