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 Holy lol. "About one fifth of one percent of you can expect to earn something resembling a living wage from this. Good luck!" e: This - https://www.ftc.gov/tips-advice/business-center/guidance/multilevel-marketing -is pretty great by the way. They stop just short of calling MLMs scams, but no one that followed that advice in that link would ever get involved in one. AreWeDrunkYet fucked around with this message at 16:19 on Dec 17, 2017 |
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Dec 17, 2017 16:11
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At a family friends Christmas party last night, talk of my dad's (thankfully brief) time with Amway led to discussion of the ~160k my grandparents had spent buying timeshares, apparently. Which then segued to the destination wedding our family friends daughter is planning. It was like bwm bingo. No horse chat, though.
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Dec 17, 2017 17:18
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I like how you can tell that they had fewer tiers in the early days and instead of putting more gemstones in before diamond, they just added a bunch of ridiculous Diablo-esque modifiers to Diamond.
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Dec 17, 2017 18:08
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kimbo305 posted:I like how you can tell that they had fewer tiers in the early days and instead of putting more gemstones in before diamond, they just added a bunch of ridiculous Diablo-esque modifiers to Diamond. Just wait til' we're Level 3 God-Emperor Diamonds of the Vile Tempest
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Dec 17, 2017 18:40
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Also that's revenue, not profit. Unclear if "expenses" also include COGS. If so I don't know how anyone makes profit period.
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Dec 17, 2017 19:38
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By being paid for speaking engagements and books.
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Dec 17, 2017 19:44
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Lowness 72 posted:Also that's revenue, not profit. Unclear if "expenses" also include COGS. If so I don't know how anyone makes profit period. They don't, that chart outlines what MLM is. The founders make money hand over fist selling some product at an absurd markup, a fraction of a percent of the distributors at the top of the pyramid make pretty good money from downstream sales, and a somewhat larger fraction of a percent get by from their downstream sales. The downstream skimming has no COGS, none of the people making money are getting by on personally selling any product. Everyone below the tip of the pyramid ranges somewhere between 'hounding friends and family to break even while calling myself a boss mom' and 'emptying my life savings on required inventory purchases I can't unload'. e: They claim to have about 100,000 distributors. That would make 90 ambassador diamonds and presidential diamonds that are probably making a decent to good income from this, and another 180ish triple diamonds that are making more than minimum wage after expenses. Getting into an MLM is a really, really poor choice. AreWeDrunkYet fucked around with this message at 21:38 on Dec 17, 2017 |
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Dec 17, 2017 21:31
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Keep in mind that pyramid schemes get worse and worse for the people at the bottom the longer they last. Here is It Works! 2015 statement, to compare to the 2013 above Some more income disclosures from popular MLMs:  Yes, 94% of Young Living distributors make $12 a year before expenses.  (this chart doesn't include Associates, the lowest tier of the pyramid)  Again, not including lowest tier of the pyramid  72.63% of LuLaRoe distributors made no bonus income, meaning they relied on income from actual sales (which are low because nobody is buying that ugly rear end poo poo) Jamberry (PDF) Rodan and Fields (PDF) Bonus - #BossBabe math 
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Dec 18, 2017 00:41
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Why do MLM people think they are actually starting a business? How dumb are they? Just go talk to any gas station owner and find out what starting a business actually is like - and that's a franchise, the "simplest" business of all!
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Dec 18, 2017 01:18
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Aren’t they in fact starting a franchise? Starting a business is neither hard nor a big deal. Every independent contractor or tradesperson does it.
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Dec 18, 2017 01:29
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Really it's more like starting a non-profit
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Dec 18, 2017 01:33
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No, most non-profits have income that covers at least most of their expenses.
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Dec 18, 2017 01:35
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Subjunctive posted:Aren’t they in fact starting a franchise? Starting a sustainable business, though...
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Dec 18, 2017 01:55
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FrozenVent posted:Starting a sustainable business, though... I think the majority of businesses are sole proprietorships, and that most of those are are sustainable, but I haven’t looked for numbers. Businesses with real estate less so.
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Dec 18, 2017 02:07
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CheesyDog posted:Really it's more like starting a non-profit I appreciate what you did there  Content: A firefighter was telling me of a call he recently went to in which some guy's shed and all its contents burned down. It had a boat, ATVs, snowmobiles, camper, workshop, and a collection of every manual and power tool known to man going that had been collected over a couple decades as a tradesman. All uninsured. BWM: Watching over a quarter million worth go up in smoke (and flames)
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Dec 18, 2017 03:41
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Guest2553 posted:I appreciate what you did there How strange: the weather is cold, yet I've broken out in a sweat.
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Dec 18, 2017 04:07
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Subjunctive posted:Aren’t they in fact starting a franchise? Right, sorry I worded it poorly. Starting a business on paper is super easy. It's about as difficult as getting ordained. I meant the fact that they act like they are making some huge historic move, opening up a brick and mortar store or something.
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Dec 18, 2017 08:55
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Drunk Tomato posted:Right, sorry I worded it poorly. Starting a business on paper is super easy. It's about as difficult as getting ordained. I meant the fact that they act like they are making some huge historic move, opening up a brick and mortar store or something. #girlboss #momboss #sidehustle #bonusmoney there is a woman in my business school class who in between griping about her husband smoking in front of their newborn (strike 1) and his gacha addiction costing them thousands of dollars a month (strike 2) and talking about her season tickets to a sports franchise in a city literally 1,500 miles away (strike 3 - you're out) takes an opportunity every class to talk about her loving side hustle (strike 4) in a room full of MBAs. it almost convinces me that the MBA is an utterly worthless insert cash, collect degree piece of paper, were it not tied to a guaranteed salary increase at work.
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Dec 18, 2017 16:53
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kimbo305 posted:I like how you can tell that they had fewer tiers in the early days and instead of putting more gemstones in before diamond, they just added a bunch of ridiculous Diablo-esque modifiers to Diamond. What is 'Presidential Diamond' anyway? Are Presidents known for having particularly nice ones? I mean I could believe it with the current guy I guess but in general it's not like the US has Crown Jewels.  (And how the hell does Ambassador outrank President?!)
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Dec 18, 2017 16:59
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EAT FASTER!!!!!! posted:it almost convinces me that the MBA is an utterly worthless insert cash, collect degree piece of paper, were it not tied to a guaranteed salary increase at work. Having previously dated an MBA I am completely convinced that's what it is
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Dec 18, 2017 17:02
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EAT FASTER!!!!!! posted:#girlboss #momboss #sidehustle #bonusmoney It doesn't help that many people who graduated from undergrad in the past 10 years or so had trouble finding a job and decided to go back to school instead. It's probably resulted in an excess supply of law/MBA/other Masters programs degrees out there.
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Dec 18, 2017 17:05
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BWM: Not having renter's insurance. A friend of a friend linked a Gofundme page of an artist asking for $15k because the place they were using as an art studio was lost in the recent LA wildfires and took all of their supplies and paintings with it. I feel bad for the dude, but this isn't the first time that I've seen someone begging for thousands of dollars because they couldn't be bothered to spend a few bucks protecting themselves. I used to have a renter's insurance policy that cost like $10 but gave me an $11 discount on auto insurance. It was literally more expensive to not have insurance.
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Dec 18, 2017 18:46
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Teeter posted:BWM: Not having renter's insurance. Artist in LA? They were probably squatting and couldn't have insured the place if they wanted to. Still BWM , though.
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Dec 18, 2017 20:01
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Guest2553 posted:I appreciate what you did there The good news is that all of those stupid toys depreciate really quickly so they weren't worth even close to the $250k he paid for them
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Dec 18, 2017 20:46
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BEHOLD: MY CAPE posted:The good news is that all of those stupid toys depreciate really quickly so they weren't worth even close to the $250k he paid for them No homeowner's insurance? I guess he didn't have a mortgage.
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Dec 18, 2017 21:21
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Subjunctive posted:No homeowner's insurance? I guess he didn't have a mortgage. I don't think home-owner's insurance would cover most of that anyhow, unless he had the appropriate riders.
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Dec 18, 2017 21:30
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feedmegin posted:(And how the hell does Ambassador outrank President?!)
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Dec 18, 2017 21:36
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If you're an MLM
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Dec 18, 2017 21:39
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Ornamented Death posted:I don't think home-owner's insurance would cover most of that anyhow, unless he had the appropriate riders. Hmm. I guess that makes sense. I should check my policy tonight!
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Dec 18, 2017 21:46
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Just wait till we're General Boss Hog Deluxe.
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Dec 18, 2017 21:47
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https://twitter.com/lordbeef/status/942860814377037824 Fool proof retirement strategy.
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Dec 18, 2017 22:04
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Uterine Lineup posted:https://twitter.com/lordbeef/status/942860814377037824 Fully diversified within the tulip asset class.
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Dec 18, 2017 22:16
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Uterine Lineup posted:Fool proof retirement strategy. Gonna retire the portfolio, more like.
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Dec 18, 2017 22:21
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Uterine Lineup posted:https://twitter.com/lordbeef/status/942860814377037824 The color scheme is triggering me
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Dec 18, 2017 22:22
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Drunk Tomato posted:The color scheme is triggering me For me it's the poorly drawn pyramid sections: https://twitter.com/frknbns/status/942862797066645511
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Dec 18, 2017 22:23
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Drunk Tomato posted:The color scheme is triggering me Red and green is a good choice. Black text on purple works really well too.
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Dec 18, 2017 22:26
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Uterine Lineup posted:For me it's the poorly drawn pyramid sections: That's the profit
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Dec 18, 2017 22:38
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Surely a handful of years of existence followed by explosive growth is enough to categorize something as a "low risk investment."
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Dec 18, 2017 22:42
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No really, bitcoin has been around for less than a decade. The concepts underpinning cryptocurrency are maybe twice that age. Bitcoin has seen two American presidents. But it's worth a lot of Dollars American right now so it's clearly a "low risk investment." Holy gently caress.
Hoodwinker fucked around with this message at 22:48 on Dec 18, 2017 |
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Dec 18, 2017 22:46
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That was amazing to read in my phone, I kept scrolling down and it unfurled like a beautiful BWM flower.
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Dec 18, 2017 22:56
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