Saturday, May 21, 2022
A MLM Program is Not a Pyramid Scheme
By Dennis Dames
Many MLM companies have come and gone over the decades for various reasons, and a lot has proven to be immensely successful - and still going strong.
Honesty, integrity, in popular demand, quality products, great service, timely communication, live support, the spirit of competitiveness, and professionalism generally- are essential to the continued success of a MLM program. If a new MLM program is lacking in such necessary business qualities - they will fade-away like so many before them.
Many wannabe affiliate marketers and sales people have tried the promotion of MLM businesses without success, mainly because they have started out with the wrong perception of what Multi Level or Network Marketing is about. The focus of genuine MLM is not about getting rich quick.
MLM is about the ongoing generation of sales, signups, subscriptions and an ever-increasing Network or downline of qualified marketing and sales affiliates.
MLM is about direct selling to customers that are known to the seller for the most part, and to others via organic and paid advertising channels and platforms. Affiliates earn by two means in a MLM company’s program - namely through sales, and new recruits.
The latter is where one can earn big bucks in a lucrative MLM program - with the right strategy and skill set. The compensation plan varies from program to program, and it’s important for an affiliate marketer to understand it from the outset, and decide accordingly - whether or not it’s worthwhile for them.
A MLM program is not a pyramid scheme. If a company requires sellers to earn by recruiting other sellers who are required to pay fees to the company in order to be members in good standing- then, it is not a MLM program; it’s an illegal pyramid scheme.
MLM programs are designed to make money from people directly in the market by truly satisfying their wants, needs and desires at competitive cost, quality and efficiency. They are not about scamming their membership with false claims and unrealistic expectations.
The top three money-making MLM businesses are reported to be: Amway, Avon, and Herbalife. They are highly successful, competitive, renowned, and reputable among sellers and customers alike. They have been in profitable MLM operations for more than ten years - and going strong; their future successes are promising- no doubt.
Other famous top earning MLM entities according to reports include: Vorwerk, Mary Kay, Infinitus, Perfect, Quanjian, Natura, Tupperware, Nu Skin, Primerica, JoyMain, Jeunesse, Oriflame, Ambit Energy, New Era, Telecom Plus, Belcorp, USANA, Pola, Young Living, Sun Hope, DXN, and WorldVentures.
All of them produce yearly revenues in the billions of dollars, and between them - they sell health and beauty products, electronics, travel, food, financial services and so on.
Like so many other enterprising affiliate marketers and direct sellers, I am constantly in search of legitimate money-making opportunities. I have found a new MLM program Online - that looked attractive and optimistically bright at first glance, but has proven very quickly to be an elaborate data-stealing scam.
The Crooked 5Billion Sales Webmasters have locked-out many thousands of its affiliates without notice on 01 August, 2022. They have disabled their Telegram channel, and cried foul about the amount of fake accounts on their books after scamming the browsing data of thousands of affiliates - dutifully for more than eight month!. All of this after they took their affiliates through a bogus KYC Know-Your-Customer exercise.
Any MLM which offers paid-to-read e-mails, pay for browsing data and other similar programs to affiliates - must have a mechanism in place to identify and deal with fake accounts accordingly as they arise.
5Billion Sales MLM program started out on shaky ground from it's inception, because they did not have a workable system in place to detect cheaters in their pay-for-browsing-data program. Now they are beating everyone with the same switch.
5Billion Sales have lost all creditability and potential to grow in to a successful MLM enterprise on 01 Aug, 2022; Slavery Emancipation Day. All because of their arrogance, swindling and scamming ways. Don't Waste your life with 5 Billion Sales MLM program.
[THIS IS A SCAM!] -1- They said: Sell your daily Web browsing data. [BEWARE OF THIS SCAM!].
[THIS IS A SCAM!] -2- They said: we will be paid for every seller whom we refer to the program, and we earn bonuses from their activities- and from the work of their downlines - sixteen (16) levels deep! [BEWARE OF THIS SCAM!]
https://5billionsales.com/refer-and-earn/affiliate/dennisdames [BEWARE OF THIS SCAM!]
[THIS IS A SCAM!] -3- They said: We will also have the option of selling Guaranteed Sales, and Signup Packages to entrepreneurs, and businesses of all sizes; and the commissions continue gratifyingly with each new client. [BEWARE OF THIS SCAM!]
Updated 12 August, 2022