Not to mention a lot of it is smoke and mirrors. Even when someone is making the dream income, it can be taken away in a second.
Look what happened with Tyra Banks and her MLM. One minute you are an entrepreneur with your own business and smashing your goals, the next it's totally gone because the actual business owner shuts it all down. Same with Lia Sophia. Those who sell Avon in Australia are about to lose their 'business' as well.
Most of the people above found out via facebook, which is nice.
Lularoe in the US appears to be on it's last legs, and MLM's in the UK aren't doing as well as they once were. FLP UK has seen their profits drop substantially.
Then the individual bossbabes lying about how well they are doing. Even if they are doing well that changes year to year. FL and the UK bots cheques in April 2016, they were HUGE! They all smashed it!
Then in April 2017 most of the cheques were lower, some were substantially lower. Especially among those who'd had a certain number of managers below them for the 2016 cheque to enable to get them a level 2 cheque, but then lost them for the 2017 cheque.
We know that CC's are well down this year. I believe someone said Uber only had 7500CC's and Castle had 5000CC's, though I may be wrong.
I believe Yawn had level 1 and 5000CC's last year for her cheque, and only reached 2500CC's this year at level 1. So the income that went towards that lovely big house deposit is dropping substantially.
These huge homes mostly have huge mortgages which were got on the strength of the boom year of 2015 for which they received the huge cheques in 2016.
Let's say Yawn's house is worth say £550,000, she paid the deposit using the $150,000 she got in 2016., leaving her with a £400,000 mortgage, actually more than that because the exchange rate in 2016 would have meant you got about £100,000 for that cheque. Let's say it's £400,000, a calculator says that is about £2,800 mortgage payment per month.
Out of the dream £5000 per month that is over half. Then you have all the other expenses.
Obviously those figures are just guesstimates, but those figures are a rough guideline of what the bots that are doing well are having to pay out. Not to mention other things like renovation costs, car costs, business expenses.
Out of the dream £5000 per month that is over half. Then you have all the other expenses.
I'm sure some are saving, but a lot of bots just spend spend spend, it's part of showing off and getting people to join.
Lularoe is a good example. They absolutely exploded a couple of years ago, Mentors were earning millions a year, ridiculous money. A lot of them spent it as soon as they got it, now income has substantially dropped I think we will see a fair few bankruptcies from people who were earning millions per year only 2 years ago.
Lularoe is fascinating, and a good study in watching an MLM go down the pan. I've been watching it since it was booming and it's been fascinating to watch. Also heartbreaking, people have lost homes, declared bankruptcy, become depressed. I've heard rumours of at least one suicide. It's particularly awful due to the thousands you have to pay to join and the additional thousands you were strongly urged to pay on more shitty clothes by your upline.