Recently I met an old friend of mine, (my schoolmate actually) online. Been at least 13 years since SPM mind you. Well, it was rather a short online chatting until we decided to meet at a coffeehouse. She's not married yet and she's quite pretty so I was quite excited to meet her.
I'll cut it short. We met and we talked about years after school for like 5 minutes and when we started talking of what we do in life now, she started talking about the multilevel marketing (MLM) that she's in to. I was like, "Is she trying to get me into it...?".
Well, she did... Actually, 50% of the reason she's meeting me is to catch up with me and the other 50% is to lure me into the business.
The business she was offering me is like this (I have to make a sample, otherwise I’ll get sued, hahaha!); just register with the company at any of this package:
* Package A at RM10,000
* Package B at RM25,000
* Package C at RM50,000
Then you’ll get to choose some products of your choice ranging from electronics, cosmetics, health care and exercise machine. Looking at the products, I definitely know that it worth only a fraction of the money. After that, you’ll have to get your own downline i.e. getting other people to register under you. Then you’ll get some percentage of the registration fee, your upline will get some, your upline’s upline will get some and so on.
She also explained that, the best technique to get more income is to get more and more of downline. The physical product is just something you get during registration. THAT’S basically selling registration instead of selling real products!
I was not really amused. I'm okay with MLM like AVON and eCosway because they do sell their products and because their main business is selling products. But not this one.
This kind of business is a PYRAMID scheme hidden under an MLM business. IT IS THE SAME. The more people you get to ‘invest’ under you, the more ‘return’ you get. Similarly, the more people ‘register’ under you, the more ‘commission’ you get.
At least, three people that I know personally had fallen into this scheme. All three of them invest at least RM20,000 each hoping that they will get more. To make it worst, one of them took a loan to fund his investment, which I’m kind of sad to think about. They are not rich.
My advice is, if someone offers you an offer that is too good to be true, chances are, it is not. If an MLM is more on selling ‘registration’ instead of selling real products; it is a PYRAMID scheme, not an MLM.
If you are one of those whose doing this kind of business, please stop mislead people into the scheme. Stop taking people's money for nothing please....
About the friend of mine, I tried to explain to her that what she's doing is not right. But well, she already sees the money, so as you can guess, she sticks to her believe that the scheme is legit. I never met her again after that day.
I'll cut it short. We met and we talked about years after school for like 5 minutes and when we started talking of what we do in life now, she started talking about the multilevel marketing (MLM) that she's in to. I was like, "Is she trying to get me into it...?".
Well, she did... Actually, 50% of the reason she's meeting me is to catch up with me and the other 50% is to lure me into the business.
The business she was offering me is like this (I have to make a sample, otherwise I’ll get sued, hahaha!); just register with the company at any of this package:
* Package A at RM10,000
* Package B at RM25,000
* Package C at RM50,000
Then you’ll get to choose some products of your choice ranging from electronics, cosmetics, health care and exercise machine. Looking at the products, I definitely know that it worth only a fraction of the money. After that, you’ll have to get your own downline i.e. getting other people to register under you. Then you’ll get some percentage of the registration fee, your upline will get some, your upline’s upline will get some and so on.
She also explained that, the best technique to get more income is to get more and more of downline. The physical product is just something you get during registration. THAT’S basically selling registration instead of selling real products!
I was not really amused. I'm okay with MLM like AVON and eCosway because they do sell their products and because their main business is selling products. But not this one.
This kind of business is a PYRAMID scheme hidden under an MLM business. IT IS THE SAME. The more people you get to ‘invest’ under you, the more ‘return’ you get. Similarly, the more people ‘register’ under you, the more ‘commission’ you get.
At least, three people that I know personally had fallen into this scheme. All three of them invest at least RM20,000 each hoping that they will get more. To make it worst, one of them took a loan to fund his investment, which I’m kind of sad to think about. They are not rich.
My advice is, if someone offers you an offer that is too good to be true, chances are, it is not. If an MLM is more on selling ‘registration’ instead of selling real products; it is a PYRAMID scheme, not an MLM.
If you are one of those whose doing this kind of business, please stop mislead people into the scheme. Stop taking people's money for nothing please....
About the friend of mine, I tried to explain to her that what she's doing is not right. But well, she already sees the money, so as you can guess, she sticks to her believe that the scheme is legit. I never met her again after that day.
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