Is your firm a member of the DSA? Has your firm ever lobbied for rule changes governing the MLM industry? Does your firm work in conjunction with Herbalife, Scentsy, Avon, Amway etc?
Is it seriously Possible to be a Part-Time Agent
- Thread starter Enter the Race
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- 5,995
None of which is a necessary, much less a sufficient condition for a sales organization to be a MLM. You need to take a semester or two of Freshman economics.
Have known ladies that made a very good living selling Avon...
Possibly.....but there have been millions pursuing the dream, with 99.7% actually losing money.
So you're saying this definition applies to the entire insurance industry? Multi-level marketing - Wikipedia
- 5,995
No, we are not going to rely upon wikipedia lol. How about we use this one instead:
"Multilevel marketing (MLM) is, strictly speaking, not marketing at all but a form of direct sales with special features, of which recruiting is fundamental. A person, recruited by the company to sell a product, earns commissions; if that person recruits others, this second layer is called the person's "downline." The person earns a cut on the sales of people in the downline, called an "override." But those in the second level may also recruit others and create their own "downlines." The first person in the chain gets an "override" from every level, however many there may be, although always less the farther removed the source is."
Amazon product ASIN 0814472958
In the end, this doesn't matter to me, and as you are stuck, I have no real sensible choice than to place you on my "ignore" list. I hope you recover from the PTSD that your participation in the insurance industry has caused you.
"Multilevel marketing (MLM) is, strictly speaking, not marketing at all but a form of direct sales with special features, of which recruiting is fundamental. A person, recruited by the company to sell a product, earns commissions; if that person recruits others, this second layer is called the person's "downline." The person earns a cut on the sales of people in the downline, called an "override." But those in the second level may also recruit others and create their own "downlines." The first person in the chain gets an "override" from every level, however many there may be, although always less the farther removed the source is."
Amazon product ASIN 0814472958
In the end, this doesn't matter to me, and as you are stuck, I have no real sensible choice than to place you on my "ignore" list. I hope you recover from the PTSD that your participation in the insurance industry has caused you.
"But those in the second level may also recruit others and create their own "downlines."
Until, eventually, the market is flooded with downlines, essentially competing for the same clients, at which time the focus becomes recruiting, then selling to those recruits. A McDonalds on every street corner is seldom a good strategy for the franchisee's, but great for corporate, who collect franchise fees whether or not the location is successful.
Until, eventually, the market is flooded with downlines, essentially competing for the same clients, at which time the focus becomes recruiting, then selling to those recruits. A McDonalds on every street corner is seldom a good strategy for the franchisee's, but great for corporate, who collect franchise fees whether or not the location is successful.
Don't think the washout rate is that high. However, in most cases it is not the system that is at fault, it is the "consultant" unwilling to do what it takes to be successful. Kind of like the last agent I tried to bring into the business... He was licensed through Primerica and came over to me.. I took him out in the field teaching him to cold call. First week, we wrote some business... turned him loose the next week. talked to him on Wed.. Asked how many calls he had made.. :none, had to take care of ...." Talked to him on Friday.. same thing. Worked with him the next week, wrote business.. turned him loose the next week.. was just like the other week by himself.. 5th week, he went to work in a factory.. Probably telling all his coworkers what a rip off the insurance business is..
- 2,584
I'm not following what Toolbelt did that is pissing people off. He did use the word ad hominem, not sure if that is something against the Keto diet ?
Since I am always told I am too negative I will steal this quote from him:
"Its neither positive or negative. Facts are cold. Kitchen table or napkin.....which do you prefer" ?
Since I am always told I am too negative I will steal this quote from him:
"Its neither positive or negative. Facts are cold. Kitchen table or napkin.....which do you prefer" ?
"in most cases it is not the system that is at fault, it is the "consultant" unwilling to do what it takes to be successful."
Interesting you quote directly out of the MLM playbook. That line of reasoning was a key component of the FTC's charges against Herbalife. It resulted in a $200M fine, and a 7 year operating injunction with close auditor supervision. It was proven beyond doubt that regardless of effort, the results were the same. In fact, those that put in the most effort, attended all training, bought all the books, seminars, conferences and conventions actually had a greater investment to lose.
Interesting you quote directly out of the MLM playbook. That line of reasoning was a key component of the FTC's charges against Herbalife. It resulted in a $200M fine, and a 7 year operating injunction with close auditor supervision. It was proven beyond doubt that regardless of effort, the results were the same. In fact, those that put in the most effort, attended all training, bought all the books, seminars, conferences and conventions actually had a greater investment to lose.
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