Father Sez

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Posts Tagged ‘MLM’

MLM – a way out for those wanting to make a change in their lives

Wednesday, February 18th, 2009

There was a time when admitting to being an insurance salesman was a little shameful. This was despite the fact that insurance products were complicated and a very important  part of a person’s financial life. The industry has sort of rebranded and now insurance agents are better accepted as Financial Planners and such. There is also more regulation in the appointment of insurance agents etc. 

Not so for MLM. 

There is so much negative stuff written about MLM that most MLM’ers prefer not to admit their participation in the industry. I am quite surprised.  

I think that MLM is one of the best distribution and marketing channels any company can think of.  If not the best.  

Every business needs:

- to sell a product or service for which there is compelling demand and at a price that is competitive,   

- a set up to produce or make the product or the service, 

- a set up to distribute and deliver the product or service, 

- a set up to coordinate all these. 

These days there are many variations to all these, outsourcing, insourcing, internet marketing etc. MLM is just one of the ways to handle the task of distribution and delivery.  

So how did the MLM industry get tainted with such a bad image? I suppose it may because of some of those ne’re do wells who used the powerful MLM marketing/delivery system for their own shady intentions and along the way fleeced the distributors who had signed up. 

Well, these ne’re do wells and serial conmen exist in every industry and in almost all Governments. We don’t have to brand every MLM company as a con job just because of some previous bad experience or experiences.  

We are now living in dangerous and highly uncertain economic times. Whilst all of us should tighten our belts, we should not ignore the other side of the equation of increasing our income.  

And one way, say what you will, is MLM. 

And no matter what company you work for or own, if there is no compelling product or service to sell at a competitive price, that company is doomed anyway.  So if you are looking for a change in your fortunes, please add MLM to your list of options. But remember to do your homework well. After all, you are about to embark on your very own small business, that does not have many of the disadvantages of traditional small businesses. Here is one guide to help you choose if that particular opportunity is the one for you

I leave you here with one possible MLM opportunity, in which my wife and I have a vested interest.   

Would you ever consider a job to be beneath you?

Monday, February 2nd, 2009

Last week I read two great posts on this topic. The first one I read was by Mrs. Micah who asked “what kind of work is beneath you” and she   listed the pros and cons of having a job, any job, as opposed to having no job whilst looking for the right one.

Jim from Blueprint for Financial Prosperity asks whether we should take a low paying job. He also credited Mrs. Micah for igniting his thoughts on this matter and made a very powerful statement at the end of his post.

Quote

Finally, I find it dangerous to pass judgment on any job, above, beneath or beside you, because it’s someone’s job somewhere.                                                                       

Unquote 

I think the subject is most appropriate in these trying times of widespread job losses. Lots of buzz is being created all over the world over “foreigners” working in countries where the locals are losing jobs.  

Mrs. M’s and Jim’s posts strike very close to home in the Malaysian context. I have written about the official unemployment statistics for Malaysia to be 3.1% or about 343,700 people. At the same time, foreign labour in the country is about 1.2 – 1.5 million. They are mainly Indonesians, Nepalese, Bangladeshi, Indian and Thai workers. They do work that the Malaysians seem to shun, work like being plantation workers, restaurant helpers, domestic maids, security guards, construction workers etc. 

This foreign workers number is almost 4 times, the number of the officially unemployed. This seems to be proof that some people do consider some types of work to be beneath them. (Of course, some employers also prefer to employ the foreign workers for various reasons.) 

Our Government often makes the appropriate noises about Malaysians being too choosy about their jobs. I suppose sooner or later some change has to happen in this ratio of foreign workers to the Malaysian unemployed.   

I have never ever had to make this decision in a personal capacity in the past. Some reasonably paying job would land on my lap. Looking back at the various jobs, members of my family have held, the lowest one might be that done by my late father. 

My late father was a bread vendor, selling bread and cookies. He had a “route” assigned to him by the bakery and he would collect the bread, cycle along the route, stop, disembark and sell the bread, and cycle on. This was his daily routine until he went for an appendicitis operation and was advised not to cycle anymore. This story was told to me by my eldest brother. I have never seen my late father mount a cycle, ever. And I don’t think that this job was ever considered to be beneath him, rather I am sure my father took pride in having a job that helped meet people’s needs. 

Now my wife and I are doing something that I might be considered as “beneath me” not too long ago. We have taken a well considered plunge into direct selling. And to be honest this decision was not exactly a result of a “no other option” kind of situation. Yes, declaring myself to be a MLMer when asked what I do now has resulted in some snickers. But then, is a person who is a friend because of your job or position really a friend?  

So Mrs. M and Jim, I consider that the pizza delivery man featured by CNN has set a fine example. And my wife and I are further examples of people wanting to do jobs that OTHERS may consider to be beneath us.   

The MLM industry is going to boom

Monday, November 17th, 2008

With so many companies announcing cutbacks and many others freezing new hires it is no wonder that the unemployment statistics are so grim. So many of the laid off workers as well as new entrants to the job market will be looking at other avenues for making a living.  

And a common choice would be MLM. And why not? The advantages of MLM are many: 

-         a low cost of entry,

-         no hassles about keeping and maintaining workers,

-         no need for special premises,

-         no need to carry much inventory,

-         remuneration being closely related to the effort we put in,

-         training provided,

-         tremendous opportunity for growth,

-         being our own boss etc. 

Of course the basic rules of business must still prevail. The product or service being sold has to be useful and meet some clear need and be reasonably priced.  Still this industry seems to have acquired such a reputation that many just slam the door in your face or slam down the phone if you mention MLM.  Some may even be ashamed to admit that they are in MLM. 

I don’t think we should be. And I think MLM is an option that we should not simply write off. If it involves a product or service that we use ourselves and are happy with the price and results, then there is absolutely no reason why we should not recommend it to our friends and family. This is the foundation of MLM.  

Perhaps therein is the problem. Many of the participants are not truly convinced of the product and seek to push it only for the lucrative returns that we get in the form of all those commissions. The low entry barriers also allow for many uninspired participants to get in, try to push the product, fail, and move on to some other MLM company or outside the industry.  

And MLM companies too have had their share of black sheep.  

It’s not surprising that some people have such strong views against the MLM industry and their participants.  

Here is one such view, well written and very well discussed.

Despite all the bad press, I still feel that MLM is an option that is worth considering. As with any other investment or business, we have to do our research and seek appropriate advice if necessary.  

And if you are happy with the company, its product or service, the results that the product or service produces and the price you paid for the product or service, you have a basis for a business.  

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