THINGS TO SAY TO GET MLM RECRUITERS OFF YOUR BACK
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I will agree with u on the regulations... MAS is quite strict with them...Originally posted by color ghost:yalor also not bad hor?
but before we go grossly out of topic. i point still stands.
insurance is not quite the same as mlm. and its better regulated.
I bought quite alot of insurance products $500+ per mth... and i think its not bad lah but I am quite pissed sometimes by all the cold callings lah...
today got one girl call me say wanna meet me to intro and do finanical review, I say I buy alot liao and do how many reviews liao.. she say nvm lah... if I never buy, we still can be friends hahaha... should i go...
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I have to disagree.
The insurance has the same beginnings as MLM 20 years ago, where everyone has the same biasness towards insurance as they are towards MLM today.
There were many insurance scams, and the industry wasnt well regulated then.
The insurance of today owes its reputation to its 20 years of development in the regulations towards insurance products only.
However, these does not cover the present system of cold callings, recruiting, commission structure, large number of young inexperienced agents, fundamentals of weak securities or other financial products sold.
Neither have they cover the responsibility of agents, just as color ghost has admitted, the onus was pushed towards fund managers or customers. The insurance companies have interest in selling these financial products based on the reason that they earned from it, rather than an unbiased assessment of these stocks and funds, compared to neutral financial consultants out there in the market.
I just happened to attend one seminar lately in my school, where we were advised to look at insurance products cum financial products sold by insurance companies and other agents carefully.
Recent financial products pushings that failed, include companies like AIG and DBS. You can continue to invest, but its at your own risks.
My advice is, dont stop and generalise any ideas abt MLM or insurance. Be very objective and assess carefully any MLM or insurance company you join. And this being a public forum, please dont make people laugh at your own biasness or perception towards any business idea.
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I feel MLM marketing some ppl make it some ppl dont...
What happen is one day production stopped?
Boss Run away?
Close down?
Any many things tat can happen... eg. u boss will give u a very high target to meet... and u nv get to it? forever there? they just stress u? forcing u to quit just becos they have too much leader?
Anything can happen in tat...
tat Tree might just fall... u cant be kind in MLM... either he die or ur working mate -
In the real working world, change is the only thing that is constant.
Prepare to accept this man. Just the other day, one of my friend's boss zao lang, and my friend could not get his salary. End up he borrowed from me.
This is on top of many others stories, like retrenchment, lowering of salaries, dismissal, mergers and acquisitions, which are all common.
I think one got to be prepared to accept uncertainties, and to take bit more risks in life. Sadly, talking to people from this forum, I have to say a lot gave me the impression they dont like uncertainty or risk. A lot like things to be 100% sure and quick, rather than to assess its future potential.
Well, cant do much about it though...
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u also bias wat. u sweep insurance and mlm together. and i firmly believe that iinsurance (the product) is something useful and based just on that i will still continue to promote. any other product i'd seen with mlm so far (it actually started with u targetting my excuse why i dun join mlm) has been duplicates of wat is already available in the market abeit with higher costs, charges the agent (rather than give pay)Originally posted by laurence82:My advice is, dont stop and generalise any ideas abt MLM or insurance. Be very objective and assess carefully any MLM or insurance company you join. And this being a public forum, please dont make people laugh at your own biasness or perception towards any business idea.
End..
u also look at insurance about investments aspect onli. and agents are people who sell u a service (of financial planning) NOT da managing of funds. there is no training in that for agents and if any agent can guarantee u any performance u shouldnt even be talking to him.
and as for any stuff u mentioned...(theres almost black sheep in any field) but u single that out as a trend for insurance. also bias wat. -
yalor...i also got pissed with ppl calling me for 1001 other reason meh. sales call are always very >.< wan.Originally posted by gasband:I will agree with u on the regulations... MAS is quite strict with them...
I bought quite alot of insurance products $500+ per mth... and i think its not bad lah but I am quite pissed sometimes by all the cold callings lah...
today got one girl call me say wanna meet me to intro and do finanical review, I say I buy alot liao and do how many reviews liao.. she say nvm lah... if I never buy, we still can be friends hahaha... should i go...
meer her one time to see she chio or not lo. -
ok.. continue to believe what you think. nobody will try to change you. one more person or one person less wont change the fact that network marketing is here to stay.Originally posted by color ghost:u also bias wat. u sweep insurance and mlm together. and i firmly believe that iinsurance (the product) is something useful and based just on that i will still continue to promote. any other product i'd seen with mlm so far (it actually started with u targetting my excuse why i dun join mlm) has been duplicates of wat is already available in the market abeit with higher costs, charges the agent (rather than give pay)
u also look at insurance about investments aspect onli. and agents are people who sell u a service (of financial planning) NOT da managing of funds. there is no training in that for agents and if any agent can guarantee u any performance u shouldnt even be talking to him.
and as for any stuff u mentioned...(theres almost black sheep in any field) but u single that out as a trend for insurance. also bias wat. 
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of cos. im only explaining to someone who tried to "disappoint" me i have my reasons for my conviction. after all someone launched into a lecture when all i said was i dun wanna join mlm becos im in insurance.Originally posted by Alex Wong:ok.. continue to believe what you think. nobody will try to change you. one more person or one person less wont change the fact that network marketing is here to stay.
valid reason wat.
if u think about it...why should anyone get all excited with my words? ppl say "im from another mlm" wasnt challenged.
see...obviously bias-ness was formed before addressing to me. -
Biasness?
Ok accepted.
Already gave up on dissuading people who insist on joining scams, as Alex here has seen me doing for past one year. Doesnt matter to me if people insist the ideas behind the current insurance industry and MLM industry are different. It is the same when people claim that MLM products are unsafe, when retail stores as Honeybunz also pointed out, are also responsible for selling the drug Slim10. Doesnt matter if people insist good products are sold through mass advertising, when they are the one who dont look at advertisements, complained advertisers used already slim people to market slimmig products, or that the Advertising Act was enacted to curb excesses in the advertising industry.
One thing I learned for the past one year is that you cant curb people biasness or perception, who insist they are different from others, when they are actually doing the same things. Business may operate in different way, retailing, insurance, MLM, online order, but they still have the same goals and strategies and flaws. If you cant see beyond this point, well then, too bad.... -
u also cannot see my point too. dats y u continue to feel u have the "last laugh".Originally posted by laurence82:Biasness?
Ok accepted.
Already gave up on dissuading people who insist on joining scams, as Alex here has seen me doing for past one year. Doesnt matter to me if people insist the ideas behind the current insurance industry and MLM industry are different. It is the same when people claim that MLM products are unsafe, when retail stores as Honeybunz also pointed out, are also responsible for selling the drug Slim10. Doesnt matter if people insist good products are sold through mass advertising, when they are the one who dont look at advertisements, complained advertisers used already slim people to market slimmig products, or that the Advertising Act was enacted to curb excesses in the advertising industry.
One thing I learned for the past one year is that you cant curb people biasness or perception, who insist they are different from others, when they are actually doing the same things. Business may operate in different way, retailing, insurance, MLM, online order, but they still have the same goals and strategies and flaws. If you cant see beyond this point, well then, too bad.... u just wanna "beat ppl up" whenever u think we are little fools who do things be it insurance or mlm. my point several posts up already say liao: i believe in da product insurance (and whether im in da sales dept or actually one of the paid stuff i still genuinely believe in da product) and all other products of mlm doesnt interest me. my mlm friend is thinking of opening a shop to sell the products her company offers. (thats opening a shop liao lor) as far as im concern as long as she think its profitable its entirely up to her.
if u need to feel smart i also pity u. actually i try to stand on ur point too....but ultimately i still think is different becos the way ur argueing it only shows that ur generalising alot...despite claiming otherwise.
thank you for ur opinions. as usual...i value all feedbacks from public. -
u also bias wat. u sweep insurance and mlm together. and i firmly believe that iinsurance (the product) is something useful and based just on that i will still continue to promote. any other product i'd seen with mlm so far (it actually started with u targetting my excuse why i dun join mlm) has been duplicates of wat is already available in the market abeit with higher costs, charges the agent (rather than give pay)
Same workings. Financial products are useful as long as they dont collapse. MLM products are useful as long as people dont find out that they are dud. MLM products are supposedly more expensive because people think that MLM bosses want to rip off people. Then insurance boss dont want to earn profit as well? Thats explain the recent trend to copy MLM by having more levels of commission structures, hence the multi level that exist in current insurance companies, where insurance sellers progress from single direct seller to having include the structure of team and managers earning from his team members. You have not count hidden costs in buying financial products, such as interests, fees to companies, commission due to teams managers and sellers, and other fine prints.
Just flip through any basic investing books, no need any advanced university professor's written book, and it will tell you to steer clear of financial planners and advisors who have interest in the securities they are offerring. They earn from it, so why the hell shouldnt they be recommending it. The main points are that we are not just looking soley at the performance of any financial advisors, but whether he has an interest in the product he sells. At the end of the day, the financial planner get a nice fat cheque at the end of the month, while the customer may live in fear of capital losses the moment his securities mature.
u also look at insurance about investments aspect onli. and agents are people who sell u a service (of financial planning) NOT da managing of funds. there is no training in that for agents and if any agent can guarantee u any performance u shouldnt even be talking to him.
and as for any stuff u mentioned...(theres almost black sheep in any field) but u single that out as a trend for insurance. also bias wat. [/b][/quote]
That is the crux of the matter, every company practise it, a few has shown to collapse, and we have no idea whether there will be the domino effect. At the rate of unregulation in this aspect, it is scary, We are just waiting for the insurance bubbles to burst. -
Since you are a newbie, you should know one thing. I dont aim people. Others who have been here with me for one year knows I randomly pick a topic and comment, apart from the nti topic. If you wish to say I am generalising the insurance industry, fine by me, coz i only repeat stuff I gathered from people in the industry, the finance people, as well as books.Originally posted by color ghost:u also cannot see my point too. dats y u continue to feel u have the "last laugh". u just wanna "beat ppl up" whenever u think we are little fools who do things be it insurance or mlm. my point several posts up already say liao: i believe in da product insurance (and whether im in da sales dept or actually one of the paid stuff i still genuinely believe in da product) and all other products of mlm doesnt interest me. my mlm friend is thinking of opening a shop to sell the products her company offers. (thats opening a shop liao lor) as far as im concern as long as she think its profitable its entirely up to her.
if u need to feel smart i also pity u. actually i try to stand on ur point too....but ultimately i still think is different becos the way ur argueing it only shows that ur generalising alot...despite claiming otherwise.
thank you for ur opinions. as usual...i value all feedbacks from public.
I dont insist you leave the insurance industry right away, however, i only cautioned to everyone reading this topic to be careful in assessing any products they are buying. Financial products are hell lot more complex in workings than any products sold in retail stores or direct selling companies.
You lucky you have got only me. You have not met the people I met, who work in finance industry for decades and know exactly whats going on. To make things simpler, if I want to know the fundamental flaws in your financial products, I can just hop to the next company or bank and inquire about it. Competition makes everyone gathers intelligence on his next rival. -
"N" "O" NO
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Just to add on... do you know that real estate agents, insurance agents ARE mlm companies? Why? This is because they work on the same concept of managing pple under you. PPle working in an MLM company are given a chance to supercede their uplines. This is true and insurance agents know (if you are one and you don see the link... r u sure ur doing insurance?) Insurance agents have teams, work to meet certain target, after that you can manage a team under you. This IS THE SAME as an mlm company.
If you work in a normal corporate company, do you think u can rise above your boss? You are working for him, for him to take the credit, for him to earn more money. and pay you less than deserved... So in fact, EVERY company is mlm. Only thing is where you stand and where is the glass ceiling... think about that... -
cool down.. dont flame too much. we are here to make money.. not quarrel.
stay cool and cheerful. -
no no and NO!!!
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Yeah i know... just cant stand pple who are so closed minded to realise that all regular jobs are not multi leveled.Originally posted by Alex Wong:cool down.. dont flame too much. we are here to make money.. not quarrel.
stay cool and cheerful.
Board of Directors> CEO > Directors> Managing Directors> Managers> Team Leaders> Workers.
BOD and CEO are paid so much more than they are really worth. Pple below slogging away at meagre sum and just dream to become CEO.
This is just so multi leveled already. Its just tat most pple fall under the last few categories, and cant see the mlm formation in all companies. So keep saying "no" aint getting you anywhere unless you open your eyes, ears, and mind... and start to seriously think... -
Can explain when has estate agents, insurance agents become mlm companiesOriginally posted by Bel:Just to add on... do you know that real estate agents, insurance agents ARE mlm companies? Why? This is because they work on the same concept of managing pple under you. PPle working in an MLM company are given a chance to supercede their uplines. This is true and insurance agents know (if you are one and you don see the link... r u sure ur doing insurance?) Insurance agents have teams, work to meet certain target, after that you can manage a team under you. This IS THE SAME as an mlm company.
If you work in a normal corporate company, do you think u can rise above your boss? You are working for him, for him to take the credit, for him to earn more money. and pay you less than deserved... So in fact, EVERY company is mlm. Only thing is where you stand and where is the glass ceiling... think about that...
What has glass ceiling and all companies are mlm -
When they ask you to join... their million dollar earning ways..
Ask them to lend you a few thousands.
It's just a few thousands anyway from their many millions. -
you are so intelligent. i hope i can try it on my mlm friends in the future.Originally posted by Nelstar:When they ask you to join... their million dollar earning ways..
Ask them to lend you a few thousands.
It's just a few thousands anyway from their many millions. -
Estate agents and insurance agents ARE MLM companies. They do direct sales, work in teams, maintain their network of customers. Rise when certain target is met. Offered to take up leadership position, to lead a team. If u still don understand wat i mean, go to Great Eastern Life main office. U will see how many sub-offices there are. Indicating the number of teams working in the same company. Linking up as a network... Plus reread this if u still dont understand... read it slowly...Originally posted by jojoma:Can explain when has estate agents, insurance agents become mlm companies
What has glass ceiling and all companies are mlm
I just outline the whole structure of a typical company on the post above. READ IT AGAIN. MLM stands for "multi-lvl marketing" Are you telling me that the company runs on a single lvl...workers? Come on don post unnecessary comments.
Glass ceiling... a limit where you can rise to in an organisation. Pls don tell me there is no limit. Be a CEO or a Board of Directors and show me that u got that from a typical job interview years ago. -
I think lending with compounded interest is no problem to themOriginally posted by Nelstar:When they ask you to join... their million dollar earning ways..
Ask them to lend you a few thousands.
It's just a few thousands anyway from their many millions. -
I think MOST of you do not understand network marketing here and you start to talk abt it..... I find it so XXXXXXXX. Pls show some standards otherwise the ins agent starts to talk again....
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I think its the other way round. Once the insurance agents start talking, I'll start laffing.
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Originally posted by Bel:
That doesn't mean MLM. The structure look similar but it doesn't mean it's MLM. C'mmon you don understand, don act as if u r an expert here. Have you work more than 7 years? Have you have your own business before? Have you done sales and marketing? How much do you understand MLM?
Estate agents and insurance agents ARE MLM companies. They do direct sales, work in teams, maintain their network of customers. Rise when certain target is met. Offered to take up leadership position, to lead a team. If u still don understand wat i mean, go to Great Eastern Life main office. U will see how many sub-offices there are. Indicating the number of teams working in the same company. Linking up as a network... [b]Plus reread this if u still dont understand... read it slowly...
I just outline the whole structure of a typical company on the post above. READ IT AGAIN. MLM stands for "multi-lvl marketing" Are you telling me that the company runs on a single lvl...workers? Come on don post unnecessary comments.
Glass ceiling... a limit where you can rise to in an organisation. Pls don tell me there is no limit. Be a CEO or a Board of Directors and show me that u got that from a typical job interview years ago.[/b]