You have to be careful with this. This may mean the team they have sells at retail this amount of product and they then say "I made $10K last month" but they really didn't net that amount to their own pocket. That's different then what they actually net. Self employment tax takes about 25% right off the top of any earnings as well. Then as an independent corrector there are other costs - health insurance, life insurance, etc - if they don't have these through a spouse. That takes another cut. Top this off with the fact that none of this is really a steady income. I think MLMs are great for someone who needs something to do and wants to make some spare money but I don't believe anyone is making it rich except for the people who founded the MLM. |
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Lack of internet kept all the shady details of MLM in the dark for a really long time.
Selling/recruiting via the internet took MLM to all-time highs. The easily searchable truth about MLM on the internet will eventually kill it...thank god. |
I agree, yes, that is very true, but I personally treat it as my own business and take it very seriously. I also get a brand name, all of their corporate PR/advertising done for me, website, etc. I should've said a mini-franchise or sorts, but a different model, of course bc of the recruitment factor. I don't mind the recruiting part and the fact that someone recruited me and I will recruit someone else bc that's what creates residual income and I want that and so does my team. |
Correct, the broken record of denial you'll hear any time you really question an MLM'er for facts and the truth. |
Yes, you're absolutely right, but I mean actual net income. The woman who I'm directly under has a total team volume of over 500K every month. She's got almost 1,000 under her and you make a cut off everyone's sales. BC we write everything off dealing with business expenses, taxes haven't been too bad, but yes we are all paying our own taxes. |
What did I deny? People are really questioning me here and I'm honestly answering. I don't know what I am denying here. |
Fortunately, the tax on a business loss comes out to zero dollars. |
Facts, a link, a paycheck...anything other than words on a screen saying "It's great! A+ Fun times! The best!". But you won't because there aren't any. And here's the real truth....if I was sitting on a goldmine, I wouldn't tell a soul. Misery loves company. |
But who's miserable and if you were why would you spend your time doing this? Why would I keep doing it if it wasn't giving me any ROI? I have a full time job and can be perfectly fine with just that, but I wanted to diversify and do something more fun and it actually turned out to be pretty lucrative. I can send you my paycheck right now. I have no reason to lie whatsoever. I'm not my check on DCUM, lol! |
After taxes and everything, I netted $15K last year. My initial $1K investment went a long way, I think. |
| I like some of the Stella and Dot costume jewelry, but it is way too expensive at the parties. I will attend a party, look at the stuff and then I'll buy it for a fraction of the cost on Ebay, Craigslist etc. I even found some pieces for a just a few $$ at a yard sale. |
Me, too!!! It's a great idea. |
How much time did it take and how many friends did you lose along the way? |
The vast majority of people in MLMs make six digits a month: $00.0000 |
| Can someone explain why Proactive (a great product) is sold in stores like Target, but the other R+F products are all sold via pyramid scheme? |