MLM - a job or a career
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I am just wondering how long can you survive in Singapore doing MLM?
If you are making $5K per month today, will you be able to tell roughly how much you will make in about 2 years time?
Do you have CPF contribution doing MLM?
Is it true that those guys doing MLM has very little friends cause everybody want to avoid them? -
MLM is not only about doing it in Singapore, this is an international business.Originally posted by Gazelle:I am just wondering how long can you survive in Singapore doing MLM?
If you are making $5K per month today, will you be able to tell roughly how much you will make in about 2 years time?
Do you have CPF contribution doing MLM?
Is it true that those guys doing MLM has very little friends cause everybody want to avoid them?
Example if you are making $5K now, so, if you are still doing some prospecting, etc, and your downlines grow, you will see the increase in your income.
As for CPF, you will need to top-up yourself, same for reporting for Tax. And when you report for tax, you are consider as a self-employ. If you need more questions on this, just call up the IRAS and they will be able to help you.
Yes, in some sence cos' they are using hard selling, or make use of their friendship to 'trick' their friend down for OPP, etc. For me, I was also once in their shoe, but later change my way of doing it, and can say that now, evern my family members are also doing MLM, and very suppport - once they get to understand this industry.
Hope this helps. -
thank you for your explanation. Do you have any idea what is the average monthly income for someone doing MLM? Maybe you can give us a range (e.g. 1000 - 10000)Originally posted by angang:MLM is not only about doing it in Singapore, this is an international business.
Example if you are making $5K now, so, if you are still doing some prospecting, etc, and your downlines grow, you will see the increase in your income.
As for CPF, you will need to top-up yourself, same for reporting for Tax. And when you report for tax, you are consider as a self-employ. If you need more questions on this, just call up the IRAS and they will be able to help you.
Yes, in some sence cos' they are using hard selling, or make use of their friendship to 'trick' their friend down for OPP, etc. For me, I was also once in their shoe, but later change my way of doing it, and can say that now, evern my family members are also doing MLM, and very suppport - once they get to understand this industry.
Hope this helps. -
it varies . depending on what company u r in and what kinds of products u are introducing .
however , be prepared to take home a salary that might not even be enough to cover ur transport costs , or even nothing at all for those not-so-good months . -
The average turnover(haven't even count profit) for Amway agents is US$2000 fyi.
$6 billion sales from 3m agents. Hence $2000. -
Its legalise job but criminally cheating..............
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double
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more like $200 to $800 for most if u ask mi...haha anyway nice signatureOriginally posted by Gazelle:thank you for your explanation. Do you have any idea what is the average monthly income for someone doing MLM? Maybe you can give us a range (e.g. 1000 - 10000)
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For that kind of money, is it worth losing so many friends??Originally posted by I-like-flings(m):more like $200 to $800 for most if u ask mi...haha anyway nice signature -
All you down line... plesae work hard for me .... go and sell more products ...recuits more idiots ....so i can retire in comfort ...help me pay for my new BMW , bungalow and vacation and meanwhile I still get paid to do nothing .... Thank you ....for feeding me my down lines ..... thought of a up up line
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I had survived for more than 5 years before I had to stop for some reasons. But I do agree that doing MLM in S'pore is not easy becos of the mindset of most ppl that we had to approach our friends and relative to start with. Many think that they don't feel comfortable earning their $.Originally posted by Gazelle:I am just wondering how long can you survive in Singapore doing MLM?
If you are making $5K per month today, will you be able to tell roughly how much you will make in about 2 years time?
Do you have CPF contribution doing MLM?
Is it true that those guys doing MLM has very little friends cause everybody want to avoid them?
MLM income is not stable and I had ever earned as high as $10K for months before and also as low as $500 to $800 for serveral months as well. It worse usually after festive seasons when downlines are "too high" to work in those months. Then our network suffered.
We contribute to CPF by banking in the $ ourselves. The company will not contribute for us. We are actually self-employed.
Yes, I agree that initially I do have the feelings that my friends are avoiding me when I started doing MLM. I never forced someone to join me and soon they realised and understand that staying as friends and doing MLM is a seperate thing, they still keep in contact with me! In fact, some even supported me by buying products from me!
It's all about how we feel and how we treat our friends. -
Depends. Here some example:Originally posted by Gazelle:thank you for your explanation. Do you have any idea what is the average monthly income for someone doing MLM? Maybe you can give us a range (e.g. 1000 - 10000)
Rod Nichols (Who is also author of MLM book), who is in MLM for many years, is now drawing more then US10,000 per month.
John Bremner (Who is also author of MLM book), semi-retired, is drawing also that kind of money.
I have come across someone who just started, first few month, is only drawing about S$1000+- per month. -
I wish to share that usually one thing good about MLM is that we determine our income. So if we worked hard enough, we get many times the income than our peers who are employed.
Unlike under employment, no matter how hard we work, we still get that fixed pay every month. -
Considering Singapore is such a small market, do you have reason to believe that you will still be able to continue expanding your MLM network in 5 to 10 years time?Originally posted by Mrs Bubbly:I wish to share that usually one thing good about MLM is that we determine our income. So if we worked hard enough, we get many times the income than our peers who are employed.
Unlike under employment, no matter how hard we work, we still get that fixed pay every month.
Anybody know how many people in Singapore is currently doing MLM? -
If you are doing MLM in USA and drawing USD10K per month I dont think it is alot of money. However for doing nothing, it is really not too bad. (Is this consider as the high end earners or average earner in the USA?)Originally posted by angang:Depends. Here some example:
Rod Nichols (Who is also author of MLM book), who is in MLM for many years, is now drawing more then US10,000 per month.
John Bremner (Who is also author of MLM book), semi-retired, is drawing also that kind of money.
I have come across someone who just started, first few month, is only drawing about S$1000+- per month. -
Hmm, your first question vary from person to person, company to company. Roughly its always based on similar individuals within the coy and the system itself.Originally posted by Gazelle:I am just wondering how long can you survive in Singapore doing MLM?
If you are making $5K per month today, will you be able to tell roughly how much you will make in about 2 years time?
Do you have CPF contribution doing MLM?
Is it true that those guys doing MLM has very little friends cause everybody want to avoid them?
No there is no CPF contribution, but reporting income to IRAS for tax purposes is a must. Also, CPF is hogwash. Who is actually allowed to withdraw fully the monies b4 they died?
3rd question. Urm, yes, there is a saying i heard, MLM is not a topic to be discussed in a polite conversation. Mainly there is a social stigma attached to it. Oh well.... -
Pls continue to do your job or career, treat mlm as a 2nd source of passive income, residual income! thats it! simple.. nobody ask you to really put a lot of time in it, nobody says that it can earn as fast as it can overide your current paycheck! So just treat it as a 2nd source of income!...
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The high earner can draw about US50K per month, it all depends. I know someone who is the top distributor, drawing US30k per month, and still growing.Originally posted by Gazelle:If you are doing MLM in USA and drawing USD10K per month I dont think it is alot of money. However for doing nothing, it is really not too bad. (Is this consider as the high end earners or average earner in the USA?)
So, how much your earing is really depend on the effort you and your team put in. -
I kinda agreeOriginally posted by mlmsupporter:Pls continue to do your job or career, treat mlm as a 2nd source of passive income, residual income! thats it! simple.. nobody ask you to really put a lot of time in it, nobody says that it can earn as fast as it can overide your current paycheck! So just treat it as a 2nd source of income!...
Build up the residual income till its stable and large enuff for one to leave the workforce comfortably. -
Depend on the person who introduce the system and marketing plan.Originally posted by Gazelle:Is it true that those guys doing MLM has very little friends cause everybody want to avoid them? -
It depends.
MLM is suitable for all, but not all is suitable for MLM. -
I like that concerned_man.
Suitable for ALL but not ALL are suitable
same goes in the world
I like the food, u might not
I fit the job, u might not
I like this person, u might not
thats precisely why I have the chance
cos u dun like it & I seize the opportunity
if everyone has the same perception
then that be bad
cos 1 job vacancy, the whole world snatch for it -
I've got solutions pertaining to the MLM industry. Will be willing to discuss further with those in it, was in it or interesed in it.
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guess it is best to do MLN in other countries other that your home town ... since you got nothing to loseOriginally posted by Gazelle:I am just wondering how long can you survive in Singapore doing MLM?
If you are making $5K per month today, will you be able to tell roughly how much you will make in about 2 years time?
Do you have CPF contribution doing MLM?
Is it true that those guys doing MLM has very little friends cause everybody want to avoid them? -
I believe for some industries, Statistics will not tell the detail, or worse still, not even close to the real value.Originally posted by teekh:The average turnover(haven't even count profit) for Amway agents is US$2000 fyi.
$6 billion sales from 3m agents. Hence $2000.
I give you example ok,
I sell 2 cars in one year, next year i sold 4 cars. Hence, i report my company had 100% increase in profit!!!.
MLM, average USD$ 2000. As u mentioned, 6 billion of sales from 3 million agent, same for bank account, there are SGD XXXXX amount of money in DBS bank, and there are YYY million of customers, so average savings for singaporeans is SGD ZZZZZ . And conclude, oh singapore are rich ppl. So, averaging doesnt work for certain things. Because u know, there are millionaire/ billionaire...but is not our money, how could we average it out
Same applies to MLM, some ppl are high profile people, selling in bulks, thousands , rich to rich ppl connection. These ppl buy for the sake of connection, but those who are not powerful enough, who cares about having " connection " with you.
Hope u get what i am trying to say. Maths can play tricks, and ppl do know how to use it to con ppl.