MLM Part 2
I had the opportunity to attend a small MLM meet last week in Seremban.
I knew before hand that the meeting would be related to an MLM business and was there in support of a dear old friend who thought the marketing idea by this 16 year old company was good to pursue. No doubt, the idea was indeed logical.
However, I do fine some flaws in the system as its based on basically taking out a loan and using part of the commissions to pay for the loan after nearly a 2 year grace period. In the process, you had the opportunity to recover your initial investment, about 25% of which would be refunded to you guaranteed in the 1st month of business.
Quite a nice idea but as like any other game, there are rules to follow.