Addendum - Vulnerability
Faith and Finances
During this time of Unemployment, you are going to be very financially vulnerable. This
means that you need to watch every penny that you have saved and that you might receive in
unemployment. The area of vulnerability I want to broach is that of the Get Rich
Quick schemes. You may receive a Home Business magazine with many promises of
rocketing wealth and because you are unemployed you may fall for the schemes in those
magazines. Now, in those magazines are legitimate home businesses which require an
investment. If your funds are low or are stretched through budgeting, then do not start a
If you want to start a home based business, you need to have more impetus than looking
at a picture of a guy with his feet on the desk laughing into a telephone or looking at
some attractive woman holding a large handful of money. These people are just models
posing for pictures. They do not represent the truth. If you are interested in starting a
home based business, you need to find a job first, then when you have re-budgeted yourself
according to your new salary, then you will be able to see what kind of investment you are
able to make. Never borrow money to start a new business since about 80% of new businesses
go belly up in the first six months which means you will have to pay off those loans when
you get a job or you may have to mortgage your house.
- MLM - Multi-Level Marketing
- If you become unemployed one of the first things you will be approached on is the
promise of unlimited income through MLM. Now I am speaking from experience on
this subject. I have been with Marine Minerals, Destiny Telecom, Excel, and International
Teamworks. I am writing this addendum being unemployed for over 20 months and having just
recently been with International Teamworks (ITI). I am no longer with ITI simply because I
did not make one penny with them. This has nothing to do with the verity of the company,
it is owned by two great Christians, but the problem is trying to convince people to buy
into it. I bought in for $349 and made $46 meaning I lost $303. Actually I lost over $2250
because I made a website, did mailings, bought company literature, had a company website,
and with all that, I could not convince anyone to buy into my business.
- As I look back, all I really bought was promises and nothing else. The reality of MLM is
that only those at the top make the money. If you need to have a downline of 500 people to
give you a livable salary, then think of it, each of the 500 people under you will have to
have 500 to maintain their dream of staying home and doing MLM. That means in your
downline alone there would have to be 250,000 people to sign on so you and your downline
of 500 will be able to stay home. Now what about those 250,000, where are they going to
get 500 each which means that a total of 125,000,000 people are needed. Do you see the
futility? How many MLM companies can sustain a customer base of over 125 million and what
is the chances that 125 million people will sign on? MLM is a futile attempt to market
riches that do not exist in your level.
- Initial claims of substantial riches will be overwhelming but the majority of those I
met in ITI couldnt get three reps. In this economy, people are not going to pay
hundreds of dollars for promises. Promises do not pay the bills nor does it put food on
the table. If you can win the lottery then you can succeed in MLM.
- At this juncture, I would ask that you visit the following article on my site and
definitely download it for future reference. Everything this man says is 100% true because
I experienced it.
- My personal experience with MLM
- What I am about to say here is not necessarily a negative attitude toward either the
company or the people I dealt with, it is the experience I had while in the plan.
- Marine Minerals
- Positive Aspect
- I continue to use their products today as they are probably the best health products on
the market. It only cost $10 to join the company and you didnt have to recruit
anyone if you didnt want to. You sold product and made anywhere from 30-45% profit.
- Negative Aspect
- The problem I had with them was they were always changing their literature. You were
throwing out the majority of literature and constantly buying updated literature. I had
gone to a health food store to try and sell the product as they gave good discounts to
retail establishments plus you received a commission on the sale of everything the store
bought. I went to a health food store to try and sell the product and the lady who owned
the establishment said that the ingredients sounded familiar. She took me over to a
section where there was product by a company called Trace Minerals Research. Lo and
behold, it was the same products I was trying to sell but under a different label.
Needless to say, I stopped selling because their discounts were bigger, making the Network
- Excel Telecommunications
- Positive Aspect
- I was able to help people save money on their phone bills and I was actually making
enough to pay the yearly sign up fee which was $185. I had attained my required 21
customer points. Opportunity to meet many new people.
- Negative Aspects
- I received no help from my upline and I was trying to recruit others into a heavily
saturated market. They did not put a decent amount of money into their pay plan. The
founder set out to be a billionaire and achieved it, which meant that the money went to
him and very little went back into the pay plan for the reps. Those at the top of the
pyramid made the big money and those of us on the bottom received very little incentive.
Recruiting customers away from the AT&T and MCI was almost impossible at that time
- Destiny Telecom
- Positive Aspects
- Negative Aspects
- The company went belly up and was under indictment by the Alameda County District
Attorneys office in Oakland, California. I lost about $800 from this failed venture.
They sold calling cards which normally did not work.
- International Teamworks
- Positive Aspects
- Company offers some excellent health products for sales. They put 83% of all income back
into the pay plan to pay their reps. Management is paid as Reps and not management. They
have increased the pay plan over 30 times. It is a financially stable company being in
business well over 7 years.
- Negative Aspects
- Of all the marketing I did, could not get one rep. I had 2 reps, I paid for a friend of
mine and one was given to me. Went to meetings and yielded nothing but a lot of worldly
hype. People were not buying promises. All you ever heard from was the top money makers.
Not that they were so good but they got in early. Majority of reps I associated with could
do nothing to build their down line. Finally gave up trying to sell empty promises.
- In all my MLM ventures, I have lost money and could not make a penny. During your time
of unemployment, do not fall for the big lies of the MLM hucksters because by the time a
company comes to you with their promises, that is all you will receives is promises.
Continue to trust the Lord in your situation and dont let Satan steal your peace
through failed MLM.
Another area that MLM hucksters try to seduce their future clients is in
the area of Faith. Some people will try to equate MLM with faith and that their
particular company is a gift from God to help get you out of the rat race so you can spend
more time doing ministry and family. There is absolutely no connection whatsoever
between MLM and the Gospel of Jesus Christ. Christ did not go to the cross so you
can do Multi-level marketing in your home. The idea that you will have more time to
spend with family is also a pipe dream. You will become absorbed in MLM and every
waking moment you will be trying to figure out ways to market the company. The
person that does the meetings for ITI claimed he had more time to do what he wanted, yet
he was doing meetings seven days a week. His schedule demanded more hours than a
regular job. I attended many of those meetings and it took much time and yielded
nothing. I used to give up an entire Saturday to go to training meetings and it was
just a large waste of time. The only people that have more time in MLM are the first
few that get into it early, and even at that position, there is no guarantee that the
company will last long enough for you to retire. If you work for a regular company
and are laid off, at least your friends and family will not dread to see you since you are
not trying to market them. When anyone comes to you and tries to convince you that
their MLM company is of God and that signing on will increase your spirituality, they are
selling you a pack of lies.