Is Network Marketing a Pyramid Scheme?
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- Äas pĆidĂĄn 7. 02. 2017
- Top myths in network marketing- Is Network Marketing a pyramid scheme?. ***
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ABOUT THIS VIDEO
In this video I share one of the biggest myths in network marketing and I give insight into how the network marketing industry works and why you should consider being a part of it.
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Honestly you didn't explain why it wasn't a pyramid scheme, you showed other successful people saying why is good vs my neighbor, I think it could have been a way better explanation.
Start at 4.40 đ
r4wr_sama:D if you are selling services or products through multi level compensation plan its network marketing.
If people only invest through multi level compensation plan and they do not receive any services or products its pyramid scheme.
Network marketing companies always have services, digital services or products.Thats why they are all ok. :)
@Jonathan Puga quoting mr kiyosaki in the best way possible. people would rather believe the government is the solution to their issues than going to find one.
I'm sorry my explanation wasn't good enough for you. I may update this video and maybe I'll do a better job. Since Warren Buffet has come out in support of network marketing, (he owns a number of network marketing companies himself), as well as other respected leaders especially in Asia, I have more information I can offer. I'll try and do another one soon.
the reason they said pyramid scam, because only less than 1 percent earning and 99 percent will loose money no matter what you do, it is a systematic pyramid scam.
Short answer: yes, it is.
it seems that you didn't do your homework then.
Short bust: So as almost every company
and the only correct answer ! Nice bro
@@Kido336 you answer this question - what do you produce /sell/create? XD
The Best. Thanks Darin for clarifying this topic. Now I have an answer for my friends.
seems
comments are being deleted !?
Duh. It's a pyramid scheme so he doesn't want opposing opinions to interfere with his dowline growing
@@jaycie5021 - Lol I always enjoy watching how much time people seem to have for things they DON'T believe in! I tried to explain, if you don't get it I apologize. I'll continue training people to make a lot of money at home and you go do whatever you do. Good luck to you. Sincerely. If you are successful with what you are doing then keep at it. This isn't for everyone and I have never said it is. However for those whom it is, I can help them be very, very successful doing so.
Darin you havent actually told us the reasons why it cannot be a pyrimid scheme from a legal point of view.
Agreed! He just explained it away by saying certain sectors of society support it. It doesn't mean it is the right thing to be doing.
Phenomenal video Darin If You Could Do One On Recruiting For Example People think itâs a Scam because you Gotta Recruit If You Can bust that myth that Would Be Awesome Thanks Darin
I'll keep that in mind
Hi Darin! I recently found your videos and really appreciate your education. Can you address the specific point about there only being 14 cycles of recruiting before you reach the entire world population? From Wikipedia: "Assuming the blue individual recruits five, and those five recruit their own five, and so on, the maximum theoretical cycles of recruits possible in the "downline" of the blue individual is 14 cycles (514 = 6.1 billion people), after which point the total human population is exceeded." John Oliver popularized this concept in an MLM skeptical video and I keep hearing people use this as an objection and an arguing point as to why the business model is not sustainable. I work in a Network Marketing company I absolutely love, but I must admit that the intellectual side of my brain battles with this as well. Appreciate any help or insight - thanks!
Hi darin kidd...
It was a great video on NM industry ...
But it would be great if you will tell the difference between binary system and pyramid scheme in diagramatically form
...
Im in an MLM so im for it. What about these anti MLMers that have done well and say its scam etc?
CAN U EXPLAIN DIFFERENCE MLM, DIRECT SELLING AND NETWORK MARKETING
Hi darin, can u make a video on how to prospect cold lead vs warm lead?
Ive notice that cold lead might get easily turn off, is there a likely method to have a smooth conversation, relationship, closing and so on..
Thanks!
Love
It !!!
Just great and short answer đŻđ„
could you show us, when and were did that people mention that, because i actually can not find any info about that, many people even say its a lie
It's amazing how almost every corporate organisation, whether it be not for profit, or for profit, has a pyramid structure. As others have already said in the comments, if there's a real product involved it's not an illegal pyramid scheme
So true Paul. I'm always amazed at how many people complain about these large corporation CEOs making millions of dollars while the people below them work 80 hours on a flat fee. I guess it's a matter of, "Don't let the facts get in the way of your beliefs!"
Very Inspirational!!
Can you come up with te theme "network marketing/direct selling vs ponzi scheme", the different and why, because so many objections that the prospect always point the networking system to ponzi which is a money game.., thx
Ponzi schemes may be worth a video...I'll add this to my video training schedule. In general though, the SEC has really cracked down on those (www.sec.gov/fast-answers/answersponzihtm.html) and they aren't very prevalent anymore in our industry. They are more common in financial investing where people are guaranteed high returns.
How about you post the percentage who make little to no money with MLM?
Hey Darin. Great video. I developed a limiting belief due to my own failure in network marketing so this really helped. Would love to get a hold your free resource but your link has changed. Do you have an updated link?
Absolutely. I just checked them and they work on my end. I also have a few NEW & FREE resources here: darinkidd.com/resources/
Just because something is able to exist and be successful DOES NOT mean it is legal. Drug dealers still exist and are making lots of money. Drug dealing is still illegal. It's ability to exist doesn't mean it is legal. ALSO people speaking of MLM's in positive light does not automatically mean it is not a pyramid scheme. To make an analogy, people spoke GLADLY in support of slavery in the past, it didn't mean that it was the right code of conduct. I use that as an example simply to illustrate that just because something may be accepted by some, or all, parts of society at the moment does not inherently mean it is the right thing to be doing. The reality of MLM's is that a lot of people loose loads of money buying into it.
You honestly did not make any proper argument as to why it is not a pyramid scheme, but rather explained yourself away by stating how many people are in it, or who supports it. This says nothing about the actual STRUCTURE of an MLM, but rather avoids the question. Pyramid schemes are largely based of recruiting people, that is where the main income lies, which from my research IS EXACTLY THE CASE WITH MLMs. HENCE it is a pyramid scheme...
Perhaps try providing some income disclosure statements and talk about the actual structure of MLM's in the next video. Prove that most of the business is NOT based of recruiting people. Because as of yet I have not found any proof of this. I'd be glad to be proved wrong.
Also may I add, YOU ARE REFERENCING DONALD TRUMP? Hello!? The fact that you actually reference such a person, speaks words. Just gonna leave it at that. That man is an embarrassment to your country (speaking from the perspective of a Scandinavian.) I'm baffled that Americans ACTUALLY look up to this man. My God....
Also, cue all the dislikes from all the huns
Yes!
Nice
They say network marketing is a scam!huh!
Great video - thanks for breaking it down and explaining it this way!
Thanks for the feedback!
wow... awesome... thank you for making us much more clear sir
Okay, to clarify this for everyone.... A pyramid scheme is not the same as MLM. A Pyramid scheme is when someone does not have a product or something along those lines for others to consume. MLM has products and is not a scam ( itâs direct sales, sort of like buying from a small business that receives its products from a larger company).
Brave of you to leave comments on. Thereâs plenty on here who drink Hatorade xx đ
I been a part of network marketing with an Indian company called vestige marketing private limited... But I don't know how to start please help
WALL MASK 9073898391 Content me
Have you started the business??
Great video! That's all I hear all the time.. It's one of those pyramid schemes. I get discouraged but then I come back to your videos. Thank You!
In what company?
Hey man do you have a direct message of some source?
You can message me on my personal facebook page. www.Facebook.com/darinkidd Have a great day!!
@@darinkidd inbox you on Facebook! đ
I really love this industry
Only the person on top of network get benefits all other loose it it true ?
How to prospect a new person about network marketing
great video!
Thank you!
Sir one of the most biggest myth is in network marketing only the people at the top succed other do not..
Nishit you are so right! You want to see a pyramid scheme where only the top has success? Look at corporate America! Name any large business. Walmart, McDonalds, Microsoft...the further you go up, the more they make. In Network Marketing you make what you put in. If you work 70 hour weeks at a corporate job, the company benefits and you may get some overtime. If you work 70 hours in Network Marketing, you get the fruits of whatever you work. Love it!
that's not a myth
people waste their life away at work, but it's still better than funneling your money into an unsustainable "business plan" that is literally mathematically impossible to make money off of@@darinkidd
@@darinkidd Walmart, McDonald's, and Microsoft market and sell products to consumers, and their salespeople don't spend personal money on inventory. The referenced companies don't require employees to pay money, so that they can work.
how best can i handle the unbelieving people
Hey Malcom! Thanks for asking! I have added your question to my list of topics for future trainings! Are there any other topics that you would like me to train on?
Is the products that is produced by that particular MLM recognise. They come up with different products but are they recognised by the medical body in the world. wil not cause harm to the concumers or supporters.
Great video Darin! It is true documentation beats conversation hands down. People should look more at the documentation... only fools doubt social proof!
Thanks Gordon! Yes! :-)
Wow this didnât age well. Donny and Betsy not a fan.
Will you be my mentor?
What percentage of those people made any money? Be honest!
Less than 0.02%! That's how many!! Hard times are coming in 2021, it is better invest your hard earned savings in Gold or Silver, not this MLM scam! You will be better off!
The others myth is "Network Marketing is not a pyramid scheme"
I appreciate you taking the time to watch my video and leave a comment.
@@darinkidd but I know the myth I said is truly busted
you didn't explain anything . just stats
90% of people lose money in mlm's, not my opinion that is a fact.
Most people who get a real estate license never sell a house. Most people who get licensed to sell insurance never sell a policy. Most traditional businessâs fail. Most people who join a gym quit. Most people who have a job have MANY career changes during their working career. The odds of getting your money back and making profits a so much greater in Network Marketing than most businessâs or franchises Iâve seen.
Iâm curious⊠whatâs your background? What do you do for work?
Iâve had jobs, owned multiple franchises and businesses. The benefits of a MLM or Network Marketing are many and in my opinion one of the best business models on the planet. However, if itâs not for you⊠keep doing what you are doing. Wishing you the best!
Pyramid scheme
This video is jokes - no substance.
Because you spoke respectfully of Donald Trump, I subscribed.