Experiment M:  Why Most Multi-Level Marketers Blow It

My bet is that the only money you'll see from Experiment M is what's in the picture. Kindly prove me wrong.

In a down economy, there are no shortage of people and companies coming out of the woodwork to encourage us to create our own income-generating opportunities who then bill us for the encouragement. Multi-level marketing (MLM) operations have field days when economic times are uncertain. They play off peoples’ doubts about their economic futures in order to suck in a lot of new enrollees, nearly all who are doomed to fail. A British friend just called me two days ago to ask if I wanted to hear a talk about a golden wondrous MLM opportunity new to Thailand.

Now here’s the million-dollar or perhaps just $1.25 question: do most MLM people fail because the MLM deck was stacked against them from the start or because they’re just plain lazy? In MLM Companies: Where’s All The Moolah?  I discussed the reasons I thought most MLMers fail in the MLM game. I won’t repeat what I’ve already written there. Suffice it to say that a lot of people wind up dropping out of their MLMs companies with bitter memories and with lighter wallets and go out of their way to call the entire MLM model a scam. Experiment M, discussed below, proposes to come up with a more exact answer why and how many people fail with the model rather than rely on failure statistics anti-MLMers pull out of their asses.

The other day I got e-mailed a letter from South Africa. Three names were on the list. I was instructed to transfer R50 (US$6) to each name, then add my name to the bottom of the list as I cycled the other names up. I was to subsequently contact at least 200 people by e-mail and get them to do the same. In a matter of weeks, I was told I’d see R3,200,000 (about $389,300) rolling in.

[Click the picture to read the rest of this kick ass article, okay?]

Related posts:

1. MLM Companies: Where’s All The Moolah?