The cult of evil: MLM
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Originally posted by eagle:
Commissions are merely tools to employ people to work hard...
This statement you made is wrong. A better statement would be, a sum or percentage allowed to agents, sales representatives, etc., for their services.
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Originally posted by Xcelon82:
Haiz.. Go check the definiton of employee in the dictionary or any government website.
Enough said.
I do understand where you are coming from but your explanation is unfounded.
Comm is different from profit but i have already explain that in my previous post. Been paid a profit is from the overall profit that the company made and is been distributed to the distrbutor themselves not from the sales they made.
My definition of leverage is making use of people's expertise or strength to expand one's biz. Not in the area of engineer or any employee's work for that matter.
My definition of leverage is also on making use of people to help you do certain jobs so that you can focus on doing the higher-value things, not just expertise or strength only
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Originally posted by Xcelon82:
This statement you made is wrong. A better statement would be, a sum or percentage allowed to agents, sales representatives, etc., for their services.
It's not wrong.
You don't work hard, you get paid less.
That's why I say it's a tool to employ people to work hard. Unlike fixed salaries, there's little incentive to work harder and harder.
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Commissions are merely tools to employ people to work hard... let's equate commissions to money Money are merely tools to employ people to work hard... Now, let's see if anyone think this looks wrong in anyway.
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Originally posted by skythewood:
Commissions are merely tools to employ people to work hard…
let’s equate commissions to money
Money are merely tools to employ people to work hard…
Now, let’s see if anyone think this looks wrong in anyway.
wrong; you committed a logical fallacy
it's like
A smart man posted "let’s equate commissions to money"
Skythewood posted "let’s equate commissions to money"Does it look wrong in anyway? (Actually it doesn't because skythewood is indeed a smart man)
Anyway, money is a tool for trading; it was invented as a replacement to barter trading.
Commissions are money incentives, and incentives are there to make people work harder. -
Originally posted by eagle:
wrong; you committed a logical fallacy
it's like
A smart man posted "let’s equate commissions to money"
Skythewood posted "let’s equate commissions to money"Does it look wrong in anyway? (Actually it doesn't because skythewood is indeed a smart man)
Anyway, money is a tool for trading; it was invented as a replacement to barter trading.
Commissions are money incentives, and incentives are there to make people work harder.agreed...
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Originally posted by eagle:
My definition of leverage is also on making use of people to help you do certain jobs so that you can focus on doing the higher-value things, not just expertise or strength only
Well, that is your point of view and its not wrong but what has it got to do with what we are debating on?
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Originally posted by eagle:
It's not wrong.
You don't work hard, you get paid less.
That's why I say it's a tool to employ people to work hard. Unlike fixed salaries, there's little incentive to work harder and harder.
This is a very general statement. Incentives and bonus also makes people work harder.
Oh well, I won't disagree with you on that. You are entitled to your own opinion.
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Originally posted by Xcelon82:
Well, that is your point of view and its not wrong but what has it got to do with what we are debating on?
nothing
I share with you mah
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Ok. thanks for sharing then.
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Originally posted by Xcelon82:
This is a very general statement. Incentives and bonus also makes people work harder.
Oh well, I won't disagree with you on that. You are entitled to your own opinion.
Erm... Bonuses (in your case, profit sharing) are also monetary incentives, just like commissions. That's why employers use these tactics to "motivate" employees to work harder.
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Yes. Just like dividends in stocks.
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Originally posted by Xcelon82:
Yes. Just like dividends in stocks.
Wrong again. Returns on investments is different from commissions types of monetary incentives.
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If you compare it to commision, it is wrong. But if you say profit sharing then im right.
Dividends are payments made by a corporation to its shareholders. It is the portion of corporate profits paid out to stockholders.[1] When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business (called retained earnings), or it can be paid to the shareholders as a dividend.
I have already explain what is profit sharing. This description fits exactly what im saying.
Alright correction here. Instead of stockholders, it is to distributors instead.
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Be clear.
Profit sharing is different from profit paid out.
The key word is "sharing". It means sharing with employees.
Dividends are paid to shareholders, people who has a stake, an ownership, in the company.
Really... since when is paying dividends to shareholders the same as profit sharing with employees
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Received this email from my school
Dear Student
This announcement is to alert the student population to the potential risk involved in participating in Network Marketing or MLM type schemes. The risk includes loss of up to 100% of your financial investment, while legal action including fines and imprisonment.
It is also important to know that it is an offence to circulate Network Marketing (hereafter referred to as MLM type schemes) products and services via the NPNet email and associated IT infrastructure.
What is MLM?- Multi Level Marketing (MLM) usually refers to a business strategy that involves an up-front membership charge or purchase of inventory.
- In return participants are promised financial rewards for additional recruits.
How do I avoid investing in MLM?
If you are approached to participate in any "investment like" programme, we advice you to ask yourself three questions:- Do I have to make an “investment” or pay to get the right to recruit others into the programme?
- When I recruit another person into the programme, will I receive what the law calls “consideration” (that usually means money) as a result?
- Will the person I recruit have to make an “investment” or pay to get the right to recruit and receive “consideration” for getting other people to join?
If the answer to the above is Yes, we advise you to stay away from such investment schemes.
Is MLM allowed?- MLM type schemes are prohibited by the Multi Level Marketing and Pyramid Selling (Prohibition) Act
- It is an offence to participate in MLM schemes.
- Some MLM schemes are exempted from the Act by the MLM Exclusion Order.e.g. insurance companies and master franchises.
Is there a penalty?- Penalty for breaching the MLM Act includes:
- A fine of up to $200,000 or to imprisonment for a term not exceeding 5
years, or to both. The fines are for the following offences:
- Promoting or participating in a multi-level marketing, or pyramid selling, scheme or arrangement.
- Registering a business which is designed to promote multi-level marketing, or pyramid selling, scheme or arrangement.
- Registering a company which proposes to promote multi-level marketing, or pyramid selling, scheme or arrangement.
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Originally posted by eagle:
Be clear.
Profit sharing is different from profit paid out.
The key word is "sharing". It means sharing with employees.
Dividends are paid to shareholders, people who has a stake, an ownership, in the company.
Really... since when is paying dividends to shareholders the same as profit sharing with employees
Hmm. Well it is not the same because different terms is use for different scenario.
However the point is this, people in mlm biz should not be referred as employees cos of the many difference between them and employees outside.
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Originally posted by maskedangel:
Received this email from my school
Where is this email from? Government website?
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Originally posted by maskedangel:
Received this email from my school
Where is this email from? Government website?
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Originally posted by Xcelon82:
Hmm. Well it is not the same because different terms is use for different scenario.
However the point is this, people in mlm biz should not be referred as employees cos of the many difference between them and employees outside.
It is not the same at all. Seems like you still don't understand why... but I'm lazy to elaborate further for you.
Anyway, non-employees wouldn't use the term profit sharing for themselves.
There are many differences between many jobs. You have been influenced to think that it is different from other employees, therefore it is better. A salesman is still a salesman. No difference for an insurance agent or a bank financial consultant.
Or if you want like to play with terms only, pple in the company I work in are not employees. We are all team-members.
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Originally posted by eagle:
It is not the same at all. Seems like you still don't understand why... but I'm lazy to elaborate further for you.
Anyway, non-employees wouldn't use the term profit sharing for themselves.
There are many differences between many jobs. You have been influenced to think that it is different from other employees, therefore it is better. A salesman is still a salesman. No difference for an insurance agent or a bank financial consultant.
Or if you want like to play with terms only, pple in the company I work in are not employees. We are all team-members.
Don't worry abt that. I know the difference.
I won't debate about profit sharing since there is no point in doing that.
If you think being an insurance agent is an employee, that is incorrect. You won't find any websites or sources that says a full commission based insurance agent is an employees of a company.
It is indeed different from other employee's job. It is similar to an insurance agent though.
A salesman sells product or services. True. However, that does not mean they are employees.
Selling is one of the world's most honorable profession. If you want to do a biz or be a salesman, you have to learn how to sell. In fact, even being an employee needs to sell themselves first.
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Originally posted by Xcelon82:
Don't worry abt that. I know the difference.
I won't debate about profit sharing since there is no point in doing that.
If you think being an insurance agent is an employee, that is incorrect. You won't find any websites or sources that says a full commission based insurance agent is an employees of a company.
It is indeed different from other employee's job. It is similar to an insurance agent though.
A salesman sells product or services. True. However, that does not mean they are employees.
Selling is one of the world's most honorable job. If you want to do a biz or be a salesman, you have to learn how to sell. In fact, even being an employee needs to sell themselves first.
selling is an art and some people have perfected the art of selling, but they did so with deceit, dishonesty and fraud in mind.
those conmen are usually those with a gift of gab and nice appearance.
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That is why i said that. Outside the ministry, it is more important for a sales person to have high moral standards than any other profession because they are trained to persuade people to take action.
It is best for them to be trained to persuade prospects to take action that is in their best interest.
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Originally posted by Xcelon82:
Don't worry abt that. I know the difference.
I won't debate about profit sharing since there is no point in doing that.
If you think being an insurance agent is an employee, that is incorrect. You won't find any websites or sources that says a full commission based insurance agent is an employees of a company.
It is indeed different from other employee's job. It is similar to an insurance agent though.
A salesman sells product or services. True. However, that does not mean they are employees.
Selling is one of the world's most honorable profession. If you want to do a biz or be a salesman, you have to learn how to sell. In fact, even being an employee needs to sell themselves first.
Aiyah suits you
You don't see it as being an employee, I do see you as an employee.
Example... a tuition teacher at Stalford is paid according to the number of students who sign up for his/her class. It is fully commission based. Is the teacher considered employed? Maybe no to you, but it's a yes to me.
Never mind la, you happy can liao. Just be the king who wears his new clothes and struts around can liao :D
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Originally posted by eagle:
Aiyah suits you
You don't see it as being an employee, I do see you as an employee.
Example... a tuition teacher at Stalford is paid according to the number of students who sign up for his/her class. It is fully commission based. Is the teacher considered employed? Maybe no to you, but it's a yes to me.
Never mind la, you happy can liao. Just be the king who wears his new clothes and struts around can liao :D
Haha. Please don't get me wrong. I don't mean that the difference in status means im king or what.
Being a representative doesn't neccesarily means that im better or what. Just that the positioning and certain flexibility is there.