Have you ever been contacted by a friend about a "business opportunity"?
Your friend might be part of an MLM (multi-level marketing) company aka Pyramid Scheme.
MLM/pyramid scheme is where products are not sold over-the-counter, but through distributors (who are your friends mostly)
Different types of MLM’s: beauty products, health products, financial services like term and cash value life insurance and mutual funds.
They are trained to focus on recruiting, even during sales pitches, they try to recruit people, this is the essence of a pyramid-scheme company. They want to recruit who they sell and they sell to who they recruit.
They make you call your entire family and friend network and pitch them on going to a “business meeting” which is a sales seminar at the local office.
It will ruin your reputation
The story.
Synergy insurance services, then WFG.
Why I wanted out of my day job.
Why I started on that path: my friend.
What happened and what I learned.
They take all your commissions when you first start
You have to buy the product yourself to sell it
You have to get certified if its life insurance or investments and that costs a lot of money
You have to be the type of person who always is on the phone and always making new friends with random strangers to keep recruiting
You become “that guy” with commission breath that is WAY too enthusiastic and friendly….creepy friendly.
They charge for their events and expect you to sit there the whole time and not even get up to use the bathroom. It feels like youre a slave. They want to break you down mentally and emotionally so you do what they tell you to do without thinking.
They change the names of their offices when the person at the top makes enough money to start their own office. This way they can avoid people looking their brand name up online for negative reviews. They call themselves something else besides world financial group or Transamerica because there are so many negative reviews of them online, including mine.
Some good things: I met friends of friends who are now life-long friends and learned some basics of how the financial markets, life insurance, and investments work
I started with drop shipping before all this happened.
My drop shipping business did $50k in sales in 2011, $75k in 2012, and $100k in 2013.
I started the MLM late 2012 because I wanted to quit my job and needed to make a full-time income.
Up to that point I was the hardest working salesman in that office, answering the phones fast and diligently finding solutions for customers.
I worked overtime when necessary.
I worked before, during, and after work to build my eCommerce site.
During down time at work I put in extra time on the site while coworkers watched stupid fail videos on youtube.
I started coming to work in a suit and tie while the boss dressed like he was taking the day off.
I had my own office and started closing the door and not answering phones because I was so pissed at the office politics and favoritism the boss showed to certain workers who didn’t do much work.
I was reading books like rich dad poor dad, four hour work week, how to win friends and influence people, and think and grow rich.
I started becoming financially educated, making a budget every month, getting out of debt, going to the local community college and taking business, marketing, and sales courses.
I went to some of the WFG events in the spring of 2013 and it was so much stupid hype. I realized later that they want to recruit more people by hyping up everything they do. They get to the core of your emotions in all their marketing messages.
I made a review video about WFG on my youtube channel and within the first two months it has a couple thousand views, 30 likes and 20+dislikes, but more importantly, it has tons of comments from WFG members that are super crazy. They talk so much trash in the comments it just goes to show how brainwashed this company makes their agents.
In no other industry do you ever have agents trash talking to people who leave negative reviews like this. Each agent represents the brand, so its like having the company leave a ton of comments on my review video calling me names like idiot, stupid, ignorant, etc.
I found tons of success with drop shipping after I quit the MLM early summer 2013. That year we did 100k in sales and in 2014 we did 500k in sales.
Early 2015 we sold our biz and took a year off to travel the world and get married.
We settled back into Long Beach California in early 2016 and started a new drop shipping business.
We took a course called drop ship lifestyle that taught us how to make a better website that converts better and drive paid traffic to get sales right away, and it worked!
We did 300k in 2016 and another 500k in 2017.
Today we travel the world, growing our drop shipping stores while running other businesses like affiliate marketing sales funnels and membership sites.
This video was to explain to people why you should never get into an MLM in the first place and focus 100% on your own business.
Own your own business so you control your life.
Create a location independent business so you can travel where ever and whenever you want to.
Drop shipping, affiliate marketing, membership sites, they are all location independent business models.
I have free training at freedropshipcourse.com and ecommerceparadise.com
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