Thursday, February 19, 2009

My .02 cents about Market America

For starters, the Market America business isn't for everyone, but yet during the presentation they will make it seem like anyone can do it and make tons of ca$h at it in a relatively short period or the long-term. Well, you better think twice !!

-- PLEASE DO YOUR DUE DILIGENCE BEFORE YOU JOIN --
ask these questions to the speaker giving the presentation or anyone who claims to have made boatloads of money:

1. How much money did you make last month?
2. How much did you make last year? (ask for 1099)
3. How much product did you sell last (fill in the blank)?
4. How many people are in your “downline” ?
5. How much of your own product did you buy?
6. What happens if you don't meet your quota?
7. What's required to leave the business?

[ Thanks to Grant Ingersoll (www.grantingersoll.com) for questions 1-5 and the commission evaluation below. ]


During the presentation the speaker might say that Market America has over 100,000 business owners. If so, after presentation is over, present him/her with the following hypothetical figures:

Say that out of 100,000 owners only 20,000 treat it like a real business and make an avg of $60K per year --

$60,000 per person X 20,000 owners = $1,200,000,000 per year!!
( yep , billions!! )

Now according to their 2005 annual report, the commission paid out was a mere $163M. That's quite a large gap in difference !!
In 2006 their commission paid out was slightly higher at $195M.
Still nowhere close to being rich as they claim in their presentation.

Here is one more thing to consider --

If the speakers at these presentations have made so much money, in such short time (the 2-3 year plan) why don't they log in to their $20.00/month "back-end" reporting website and disclose their yearly income to everyone ??

Better yet, ask for their 1099 !!

As I said to the person who tried recruiting me, who isn't a bad person at all - show me the money !! I shall track his progress and divulge my findings here.

I will change my bias view on the issue when I actually see proof (in form of a 1099)of a business owner making the kind of money claimed in their presentation .

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