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Exposing Multilevel Marketing (the Business of Using Friends for Profit)

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Description Exposing Multilevel Marketing (the Business of Using Friends for Profit)

Comments Exposing Multilevel Marketing (the Business of Using Friends for Profit)

Glad George is doing this but Dave also should have been doing this Calling MLMs as a fraud not just a business where most people will not make money Comment from : Justo Guillermo Montoya

Hey, I've recently found out about this MLM investment company that sounds to good to be true called ant ranch It's like the more you invest money the more you gain money but the thing is I'm not really sure if I can trust this one ,but at the same time it has worked for a friend of mine were they gained a lot of money Now I don't know wether to join or not? Comment from : Mafisto Nonyane

Miserable four letter man Comment from : Weekendpreneurs Club

My poison was Avon—three times! I’ve finally decided that the only Avon in my life is going to be purchased, instead of sold, since I’m better at buying it than selling And yeah, I know that other ladies do sell, but I ended up buying more as a sales rep than I ever did as a customer Comment from : Otakus Heart

Me and my family have lost a total of ₹2,00,000 We had invested in QNET Comment from : kayan N

I'm part of the 1 I've never pushed my opportunity on friends and family If they ask, I'll tell them They see the lifestyle changes I talk to people who are looking for information When I first started my mlm journey, I was selling soaps, vitamins, and cleaning products I did okay, but I didn't see a point in selling something you can get at a grocery store for less and was told I HAD to order a certain dollar amount each month so I could keep my status I quit that company and joined one that made a lot more sense to me brI think mlm is a good idea in theory but too many of these companies focus on recruiting instead of the value of what they are offering The only people buying the products are the recruiters because the average person won't buy if there isn't an opportunity attached to it That's a big reason why people fail Products you can find anywhere at a better price, crazy overhead cost, no value, and only focused on recruiting instead of focusing the product or service To be successful in mlm is hard as hell and takes a lot of work I've had great success, and I'm able to do what I want when I want If it's something you want to do, do your research! If you wouldn't buy it if there wasn't an opportunity attached, don't join! Don't ask what I do, I'm not here to sell or recruit I've seen too many people go broke joining these things Be wise with your money You work hard for it Comment from : ShirtNTieGuy

Not only are these companies targeting women, they are targeting evangelicals as well I've been to a few sales pitches and there's a lot of God-talk mixed in with the mammon Comment from : Therese Malmberg

I have so many MLM stories of recruitment attempts Never joined one This one takes the cake It was 1998-1999 first year of studying landscape architecture I was walking on campus to go somewhere A lady approaches me and tells me about a job opportunity She tells me a place and time to be Days later I get there and there are about a dozen of us seated on the floor This guy comes in and proceeds to demonstrate knifes (cutco) Shows us how to use them etc After 30-45 minutes he takes us each one by one into a room He told me that he thought I would be great at this job How he could just tell that I am a very motivated, hardworking person I just had to spend a couple of grand (forgot how much) to buy the knifes etc I told him that I did not have the cash so he suggested that I could borrow from my father 😐 My father was already paying for college, so asking him to give me a couple of grand to buy knifes was never going to happen Also at the time I was living on campus Imagine having several grand worth of weapons oh I mean knifes in my room 🤣 Comment from : creations landscape designs

Hello George, I doubt you will read this but you asked to comment I love all your content by the way I personally tried 2 MLMs and lost money I joined Melaleuca 13 years ago and have not lost money, part of it is because it is not an MLM Even according to the definition that you give in this video, Melaleuca does not fall within those guides Sadly at times people join others who have no clue what they are doing and therefore fail I believe you need to always have someone in your corner with the results you are looking for and follow their steps, that’s what I’ve done and thankfully I’m not part of the ones losing money Thank you for sharing and have a blessed day brother Comment from : Daniel Perez Music

Has more do with manipulating people into a good old fashion scam Comment from : NeoTurfmaster

After 3 years, I got out and I now HATE all mlm which in my mind ARE pyramid schemes Financial loss but more importantly was the loss of friendships and damage to reputation I wish the FTC would outlaw them Or at least require ALL new recruits to sign off on the current income disclosure statement Comment from : Unknown Unknown

thanks for the info Yes you raise a lot of good points Comment from : PreBuilt Downline

Thank you for making this We need to get these things out of colleges and churches Comment from : ABSTRACT SHNITZEL

The thing i hate mist about MLMs is how they so often target stay-at-home moms who are struggling to make ends meet They make these huge, empty promises that they can earn so much money while still caring for their family Sometimes it's through just slanting the truth, but often it's through blatant lies But since the lies are told by the "independent contractors" the business itself can't be held accountable brbrIt's so sad that these people could simply find a minimum wage paying job and they would be 10x (or more) better off Comment from : Tim P

Wish i had seen this videos years ago when i joined one, never again Comment from : Diana

Roughly £120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation Comment from : Kalfman Brown

Probably ought to include time shares and vacation clubs Better to save up and pay as you go! Comment from : Ronald Jones

5:00 This part was so funny, your great great,great,great grand recruits 😂😂😂 Comment from : Natasha Selemani

"It's not a pyramid scheme, it's a reverse funnel system" Comment from : Zachary Mulford

Only thing I got from it was a some personal development lol Comment from : rickfury

Thank you for making this video Many people who are considering joining an MLM look to Dave Ramsey and his personalities for advice After watching your Smart Money Happy Hour segment on MLMs, I was hoping that you’d post a video regarding the sleazy business modelbrbrWell done, and keep spreading the word! Comment from : Alesha

Can you say MLM counts as gambling? Comment from : Shinwoo Kim

You forgot Market America The founder was the 2nd pyramid level of Amway so he started he own pyramid but says it’s a “pyramid spelled backwards” Comment from : Fake Name

Really enjoying your channel Love the nods to millennial humor haha Comment from : Jake

Don't forget to mention MaryKay Comment from : Freedom 0131

Been doing MLM since 2007 and have done really well A lot of misguided information on this video All the things mentioned are why people DONT succeed so that all is true There is a flip side and that side is running it like a professional business, and don’t chase people If done right it’s a very good opportunity, just have to be careful for sure Just remember opinions aren’t facts A lot of people don’t succeed for sure, many reasons for that for sure Comment from : David Perez

George, your MLM video was excellent I would like to see you do a video on "Successful Side Hustles" Talk to people who have a successful side hustle and contrast that with things like MLMs and crypto What are the characteristics of a good side hustle? How much money is needed to start one? How much work is needed per week? How many people have one? How much money do they make? Is it more common in middle-aged people than in young people or old people, more common in females than males, educated than uneducated, etc? Comment from : Mathematician

A Ramsey personality finally telling it like it is about mlms? Say it ain't so! I just always thought that some Ramsey family member was a boss babe and y'all didn't want to upset her 😂 Comment from : Frumpus Numpus

More ignorance PYRAMID? REALLY? You don't even understand the difference between a legitimate MLM structure and a PYRAMID MLM IS NOT A PYRAMID!! Anyone can surpass anyone above or below based on individual effort Guys like you who get paid on clicks are the real sham, you'll throw a whole bunch a people under the bus in an entertaining fashion to get laughs and clicks And of course those who are jaded and ignorant like you will sing your praise But I know better Comment from : Jim davis-hicks

Also to quote the federal disclosure statement of 1 is ignorant 90+ who purchase a wholesale kit never intended to sell in the first place However, there is no way to differentiate between those who buy a kit simply to get the better wholesale pricing or who intend to sell They have tried to create a distinct differentiation by creating two different types of accounts but its not something that can be reflected in required reporting Comment from : Jim davis-hicks

My wife and I have been in the MLM industry for 15 years (dōTERRA) We have a top quality product, great culture, integral leadership and great relationships with our team leaders and our consumers 80 of all purchasers of dōTERRA products are simply consumers who LOVE their products Not ALL MLM's are created or sustained equally If you do right by people and consider their wellbeing above your commission it can be a tremendous business as well an incredibly rewarding way to help people become healthy naturally Comment from : Jim davis-hicks

I was hoping he’d address how some folks out there accuse the Ramsey financial coaching thing as being an MLM…thought he’d at least touch on that to debunk it or explain it a bit, etc? Comment from : radioheadfanlove

I have a friend who did well in two different MLMs (one after the other) She never reached out to me, even though I was an active friend on her page She just sometimes shared what the products were doing for her And she had a lot of friends, including a lot she’d never met, and she built a following of people who wanted to see if the products would help them the way they helped her Eventually, she quit the second one to spend more time working on her coaching career (but still uses the products$ brbrI am a member of a business network group that meets weekly One of our members is into Doterra She doesn’t push, just shares about this or that thing she’s doing, or how you can buy this blend she put together So she focuses more on direct sales than on signing up customers A few members do get monthly orders, and the chiropractor member of the group has some of her products in his office for resale I have bought a few things from her directly, such as these cough drops that help keep my allergy-based asthma at bay (it’s peak allergy season here) She is strategic with her internet marketing and never pesters friends and family brbrSo yeah, there are ways to do it and be successful without being a pain, but one has to be more like a social media influencer than a typical MLM-er Comment from : Lisa Reynoso

I worked an MLM years ago (they claim they aren’t, and they do put some safeguards in place that make them better than the average MLM, but they are one) Anyhow, I no longer run the business, but I love the products I make about $9/month in commissions from the 3 or 4 people still under me, and I buy the products every month because I use them For real The cleaning products are cheap and work well I take the vitamins My son uses one of the drink powders in his water before breakfast every day (he doesn’t like plain water) I use their electrolyte powder when I work out on hot days Sometimes I buy their makeup; my kids use their shampoo (I used to, but now I almost never shampoo—that’s a whole other story) I like their toothpaste and lip balm and other stuff So I never have trouble making the minimum monthly order Once I put it on hold for a month when I was gone for a while and couldn’t afford the order, but that is once in over a decade All in all, I love the products, and if anyone wanted to sign up under me, I’d be happy to help them do it But I do other stuff now that is guaranteed to make me money quickly (like sewing and Uber) Comment from : Lisa Reynoso

I'm feeling a bit attacked by that CrossFit gym comment 😂 Comment from : Mark Daniel

I admire and appreciate all the research and fact-finding George does to prepare for these presentations! So helpful to have the details and not simply generalizations Comment from : Carla Ritchie

how did Dave Ramsey allow this video happen? Comment from : Preeti Kapil

Thank you so much for sharing this! I wish more people would see this I teach a personal finance class to teens and will be sharing your video Comment from : Jeannette Cleveland

I almost got into this MLM crap one time and so glad I didn’t I had some friends do it and it fizzled FAST They made no money and couldn’t convince ANYONE to sign up under them Comment from : a_a_ron

I did lose money with Amway, but it did open my eyes to “Financial freedom” The individuals I was around sowed the seed of 100 Percent accountability in my actions and future The money I lost was worth the positive changes I made in my life due to the people I met brEven if most people didn’t make money off of it, I hope y’all learned some things my friends Comment from : Lance Z

George for president Comment from : Miri Mordas

I got into one in college, convinced me to drop out to make better money to buy more products 3 years later I’m in regret, I lost some money, but more importantly I lost a lot of friends I wish I could go back and not meet that person, I wish I could have stayed in school, full ride and all Comment from : Ivan and Trin Chavez

98 of MLMs give the rest a bad name Comment from : Matt Collins

George, love your channel, I have kids they play instruments wondering if you can investigate the rent to own instrument Thanks Comment from : Paty Grau

Simply Earth is MLM FREE!!!brbrTruly it is AND we offer free Dave Ramsey courses to any employees who want to go through it!!! brbrI'd love to send you some free oils and teach you use to use oils to make natural products you'll love Comment from : Lee Veldkamp

As a Brit who now lives permanently in the US, I appreciated the random Cilla Black clip from Surprise Surprise Distant childhood memory unlocked Comment from : Gmay84

I'm surprised not one mention of the big dog Amway They are the biggest and have been around since 1958 Maybe because there is already millions of video's about it on Youtube Comment from : Chillin209

Best video to date George! Comment from : Justin Kiefer

Is college a scam if you pay $50k+ for a degree you never use? How about investing in becoming a Ramsey Financial Coach but never getting clients? Is that also a scam? How much money does the average Ramsey Financial Coach make in their first year? (Actually, I would genuinely love to know the answer to that) It all depends on the person and the work they put inbrbrNot all MLMs are predatory or bad I disagree with your generalization Anyone can join, and most people join with only one foot in It's a job, aka it takes work Most people that join don't put in the work, so they fail because they never actually put in the effort it takes to see results/sales If you're hired for a job and never show up, you failed at the job That doesn't mean the job is a scam Comment from : Liz Lammi

Somebody tried to recruit me for a MLM insurance company br2 things I despise more than a used car salesman Comment from : Preston T

Thanks for letting us know about these Comment from : Velma Coutee

I did NOT expect to see Cilla Black clipped into this 🤣 amazing Great video George, this is going to really annoy certain Christian conservative circles Comment from : SparklySarcasm91

Hey George, grumpy is good I like being grumpy Works well for Mr Ramsey too Comment from : Am I really THAT grumpy??

Technically the corporate world is an MLM most people work 30-40 years at and also never reach the "top" Which also most definitely has a pyramid hierarchy You could make money at most any MLM -- but I agree with George, you really shouldn't There are many "side hustles" that are much better and actually help you to learn how to be self-employed and/or business ownership skills Make sure to get a good tax resource who has a mindset for entrepreneurship Comment from : iwantcheesypuffs

5:04 "great-great-great-great-grand recruits" I burst out laughing at that 😂😂😂 Comment from : Luncheon

26 years experience Joined for the fun and friendships and still "do business" with my original clients Success story: Did not go into debt; have tons of friends from my group and clients; saved over $45k on income taxes for "owning my own business"; all while moving provinces several times for my "real" life--smile Comment from : Karen Howard

Everybody in the crew's gotta "kick up" to the Boss Comment from : Gloria Alex

This clinches George's spot as my favorite Ramsey personality Thank you for making this video! I appreciate you holding yourself back a touch on the Smart Money Happy Hour podcast out of respect for Rachel, but I couldn't wait to get your full take Comment from : Jessica Theriault

i’m in high school and this past week a bunch of my friends got sucked into the cutco mlm i can’t help but laugh because this video came out at the perfect time everytime i bring it up i tell them to “sell me this knife” Comment from : Jake Dabrowski

Great video George! Comment from : Viljo is Great

YES! I knew I liked you, George MLM's just need to go away If any part of your income is based on recruiting people to do exactly what you do, it's a scam Comment from : Jessica Brittany

My mom did The Pampered Chef for 17 years and sold over $700,000 worth of products She traveled the world and even had dinner with my Dad in the Eiffel Tower on their 20th wedding anniversary because she earned a trip to Paris and it happened to be over their anniversary! She was very successful in her business and earned over 10 trips with the company Our family went to Disney twice with the Pampered Chef Their products are incredible and built to last George, I definitely can understand why you don’t like MLMs, but for the 1 of people that are truly successful at them, they’re pretty great My mom said she started in the company because she wanted to pay off her car, buy a computer, and stop babysitting She did all 3 of those things within the first month with the Pampered Chef Sometimes she brought in $10,000+ a month I get MLMs are bad for most, but definitely not all! Comment from : Claudia Mingora

Robert Kyosoki has left the chat Comment from : Elvio Perez

Someone kept trying to get me to join Amway a few years back Glad that I avoided that Comment from : Ruby Haskell

I was young n dumb Comment from : meta morphosis

25 years ago, I sold Pampered Chef for about a year I think my startup cost was $100 We didn't buy inventory, as all customer purchases were shipped directly from the company As a mom of two small children, I did it primarily for the adult interaction I did NOT recruit anyone for my "downline" I averaged $400/month I really enjoyed doing it (I loved the products), but it started taking too much time I got more bookings for parties than I wanted or had time for, so I stopped doing it I referred everyone requesting to book a show to my upline manager Comment from : Bette Davis

I have a friend who has bought into Amway hook line and sinker and idk how to tell him he’s wasting his time Comment from : Alex

The people never ask why they have to BUY the product from the MLM first in order to sell it… I only buy things I’m keeping Comment from : s 9

The Mormons are gonna be so mad they might take a drink Comment from : s 9

Amen!! I am embarrassed to say I was in a couple MLM's I was a stay home mom who wanted to make extra money, and they prey on that big time! It's complete toxic positivity The women are all fake, and only after you for their paycheck I never want anyone to know I was a part of that Thank you for talking about this Comment from : Cindy Haferbecker

Looking into these programs it was always always always the start up cost for me If the product is so good it should sell itself shouldn't it I guess I never gave up my soul so easily hah! One that got me was modere, health now right is an easy target Had to talk myself our of that one and just go get some vitamins Definitely awkward with some friends now because of it lol, you do you bud Comment from : Amber M

Lol george ur videos are the best!! The whole show is so great! Much respect Comment from : Philip Schifano

A few years back a friend's mom decided to bother me while I was working my small business and interrupted me taking to a customer to sell me a straight up honest pyramid scheme I called her out several times, my customer called her out and we had to shame her out of my store with her yelling "it's not a pyramid, look" while drawing a pyramid Comment from : Ash D

My wife used my nudes for an MLM scheme Nobody joined Comment from : Anders Atoms

A real business relies on strangers to be customers If your "business" requires family and friends to buy from you, you might have fallen for an MLM Comment from : Oggles 22

When you target family and friends to sell products, it's a pyramid scheme They never cold call strangers because they operate on close relationships to make a buck Comment from : Te Kooti Tom Anderson

Yep I fell for that scheme I mean, I made SOME money but never enough to make it worth all the time and hassle it cost me Much better to start my own business and make WAY more money and more satisfaction Oh yeah, and I keep ym friends 😂 Comment from : Sarahs Healthy Recipes

Sounds like insurance agents and real estate agents Does that make the insurance and real estate business a mlm business? Comment from : Benton Tong

I bought cutco from a friend so he could have a Christmas I wish he would just get a job instead of making his church cronies rich Comment from : joeriveracomedy

It’s Always Sunny in Philadelphia:br“It’s not a Pyramid Scheme it’s a reverse funnel system”br“Turn it upside down”br“Aaahhhhh Dang it” Comment from : ZWade Photo

I felt for this crap back a few years ago thank God I left really quickly before I lost all my friends lol Comment from : Christopher Torres

LOVE THIS VIDEO!!! Over 20 years ago I joined Primerica, because a customer convinced me to go to a meeting and I loved personal finance Huge mistake! After spending $200 on start up costs (on a credit card at that), I attended 3 meetings All of the meetings focused on recruiting people I still don't remember what products I was supposed to sell After the third meeting ended, one of the top members came in fashionably late from their Hawaiian vacation The lady shook my hand, never asked what my name was, but asked "Are you working on recruiting?" I left and NEVER looked back! Thankfully, it was only a $200 loss Now, I'm debt free and a Ramsey Coach teaching people the right way to manage their finances Comment from : ashiadakar

Sure MLMs (sometimes) sell a legitimate product, but if you don’t pay your monthly dues, you don’t get a paycheck What other job requires you to buy their product to get paid? If you applied to a grocery store and they required you to buy $50 of their inventory each week before you got paid, you would laugh in their face So why do we let MLMs get away with the same thing? Comment from : Jeb Thompson

This video is fire Short, to the point, hits on all the downsides and important facts Comment from : Amanda 민서

I hope this is the generation where mlm's die Comment from : Amanda 민서

got sucked into an mlm right when I turned 18 by a trusted person in my life lost $800 I did not have still salty about it 😤 Comment from : Destinie Pavan

We did an MLM back in the late 90's We went into it with the mindset that we would NOT sell/recruit friends and family We're both hard-working, intelligent people who were doing well at our full-time jobs, and we applied a good effort toward the MLM for about two years Bottom line, two smart people who don't slack and "invested" about $14K over the whole two-year period made about $12Kso we invested a lot of time and effort to lose about $2K The only silver lining, we stayed true to the no family and friends commitment and didn't destroy any relationships Never again and we poo-poo any MLM talk whenever it comes up with anyone Comment from : Peter Harbin

YouTube is the best MLM by having us having to subscribe, like, and comment for their algorithm 😂 Comment from : Just Vince

There are crypto and forex MLMs too 💀 Comment from : The Boss House Budgets

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