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Some advice on MLM (Multi-Level Marketing) deals such as Amway,
Shaklee,
Herbalife, Nu Skin, etc.
by Rabbi Eli Teitelbaum
Before you join an MLM such as Amway, Shaklee, etc, you'd better do some careful
homework.
1) If you're joining because you desire to sell the product they provide then
you better check out how many others are peddling the very same product, how
easy it is to sell, what are the potential earnings and how much time will be
required. Never take the word of the person trying to sell it to you. Better do
your own research!
2) If you are joining in order to resell it to others then it's just another
illegal pyramid scam, and either you will wind up losing your money or the
others you sell it to will eventually lose their money. Think about "Lifnei
iver lo si'tain michshol." (Note: MLM'S become illegal when the emphasis is
on recruiting sales people to sell the distributorship to others and not the
sale of the product.)
3) Don't be misled by the false claims that this is an easy way to get rich
quickly. MLM's make these claims in order to sucker you in. Hundreds of
thousands of people that have invested in Amway and other MLM schemes, have
learned the hard way that there is no golden treasure at the end of the rainbow.
In a profile article on Amway in Forbes Magazine, it was reported that the
average Amway distributor earns a gross profit of around $780 a year. Less than
1% earned a total of $14,000 a year in gross income - As CBS concluded,
"The company sells hope not soap."
4.) MLM's have been around for many years and have been involved in many
lawsuits by people who have lost their entire life savings. Before getting
involved, you better read up on the volumes of articles on this subject. Read
the book entitled "False Profits" (Fax 704-334-0220). Remember! Not
all that glitters is gold!
5) Most people misrepresent their true income, in order to entice others to
join. They prey on some of the most gullible and most financially troubled
people in our society. Careful investigations have shown that it's all bluff and
lies and the only ones becoming rich are the companies themselves. One of the
worst MLM's to have hit the market in recent years is JewelWay. The company has
now been forced by the FTC (Federal Trade Commission) to return $5,000,000 to
those that have lost more than $1,000 each. Since there are more than 150,000
such people, this means that each one of them will get all of $35 back!
6)Hundreds of thousands of people have tried it out and become disillusioned,
so you better investigate it before joining the ever-expanding sucker list.
Remember! 99% of MLM companies "spike and disappear in eight months."
Statistics show that most of those that join don't remain with it at the end of
one year. See if you can figure out why.
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