Reply to 'Fess up...if you sell for mlm companies, give us the dirt

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Mine is filled with the Stella and Dot "hoopla" in Las Vegas. [/quote]

Mine also! The best part is all of the women saying things about how awesome their job is and look how much fun I'm having at work.

Be honest. Are you being paid to attend this or did you pay them to attend and pay your own way for tickets and meals? Because if the later is the case then you're being duped big time. Or you're not being honest. [/quote]

I am a very successful real estate agent and other companies and agents try to recruit me.   Last week I had a settlement with an agent who works for an MLM and the agent begged me to have coffee with her.  The purpose of course was a pitch to join her 11 agent team.   After a minute if drilling down, she confessed that her 11 agent team did about the same amount of business as I did last year as a sole  agent.

The top agent recruited the first level of 2 agents and the other agents recruited others.  Each if the agents takes a cut of the earnings of the agent below her.   This agent told me she was on the third  level.   Last year she made about $20,000 from agents she recruited.  After cuts and referral fees were taken from the commissions she earned, she made about $85,000.   As an example, we closed on an $850,000 house and the commission to her company was $25,500.  She went through the math with me.  After her company took its 10% split, the team leader took her split (agent would not say how much) and she paid the person who recruited her, she would receive about $7,800.

Obviously if you st up one of these teams MLM and can persuade people that they need you money is easy to make at the too. But the ,owner level people are better on their own.

I do know that I was forced to go to a Stella/dot party and bought the least tacky necklace I could find for $150.    I saw a very similar necklace at an overpriced boutique for $95.     It depends on what the markup is between what the Stella/dot person pays for the necklace and what portion they have to give along the MLM ladder.   IMHO it can't be much as it is small dollars[/quote]

This is KW, right?[/quote]

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