Eh, seems like Genjiās post have been answered thoroughly, Iāll just add what I can:
QUOTE(Genji Shimada @ Jul 10 2019, 10:58 AM)
Yesterday I already said this business is like opening a shop, some could do while some just can't, but mco provide buy back balance unsold product for those who don't want to continue, which means at least sell back the products to company and get back the capitals is better than all of your capital is gone, right? then one of them said about the rate things and come out with a link to it, then after I read, I'm like come on, why don't he/she talk about :
"People quit MLM easier than other ventures. Because the start-up investment in MLM is much smaller than in traditional small business, it's also easier to quit. It's easier to walk away from a $100 than $5,000 or $25,000. "
Iām confused. Whatās your point here? First you compare MLM to opening up a shop, and a startup business requires a good amount of capital.
Then you post a contradictory quote about how MLMs have low startup fees? Which has nothing to do with Mcocean, because Mcoceanās ācapitalā for SP rank is RM34000 ā therefore does not have the low fees you are trying to point out?
QUOTE(Genji Shimada @ Jul 10 2019, 10:58 AM)
"MLM is less expensive than other business opportunities. While Taylor indicates large sums of money are required for MLM, compared to many other businesses, the investment is small. "
Sure, maybe.
QUOTE(Genji Shimada @ Jul 10 2019, 10:58 AM)
"Many reps struggle because they don't treat their MLM like the business it is. For some reason, many MLM businesses are viewed and treated differently than a traditional business, which is a problem. It doesn't matter what business you start, if you don't market, sell, and do the activities that make money on a consistent basis, your business will fail. "
Thatās because MLMs do not follow the same rules as a conventional business. More like franchising, but still not very similar besides the fact that you already have a product on hand.
MLM āentrepreneursā donāt:
- Do R&D to come up with your own product
- Have a say in the quality of your product (or alter or enhance it)
- Have copyrights to your products
- Get licensing from SSM to open up their own company
- Do their own accounts
- Hire employees (downlines are not employees because you donāt pay them)
And thatās the problem with MLMs. You are not a businessman or entrepreneur because you are NOT promoting anything fresh or uniquely yours. You are just a glorified freelance salesman working for company.
What MLM āentrepreneursā do:
- Get commission from Mcocean when closing a sale (from a partner) just like how a salesman does.
- Are required to achieve KPI points as a CKP/KP/PP monthly/yearly or you risk having your rank demoted.
- Have no say in the product stock
- Not being stockholders of the company
- Stay up late at MLM offices not learning how to sell the products, but more on how to sell the MLM lifestyle and tips on how to trick prospects to attend disguised MLM events.
The problem is that the MLM structure itself does not operate as a normal business, and this is the very reason why they are faulty and unrealistic.
This post has been edited by Devilwearsprada22: Jul 10 2019, 11:19 PM