Tags: Description Essay Of A PlaceHow Do You Define Success College EssayEssays On Environmental AwarenessDonut Business PlanPersonal Reflective Essay YahooMla Essay Intro ParagraphEntrepreneurship Business Plan SampleAmeren Accounting Assignment
Let me know if you spot any other contradictions, lies, or deceptive tactics!More people need to be aware of how predatory this company is (and of course MLMs in general).A search for “shopping annuity” immediately brought up Market America.
The official stance from the highest MA execs seems to be that they are absolutely NOT an MLM and they seem to try to distance themselves from the term MLM (“we’re something new and totally different! ” I can just imagine the MA execs cringing as they hear that.
Regardless of whether they can agree on it or not, they ARE without a doubt an MLM.
If you are talking about “placing people below you” or “BV flowing up”, there are definitely levels, you can’t hide from that. They claim that they are better than other MLMs or direct sales businesses because they use “vertical marketing” instead of the inferior, pyramid-shaped “horizontal marketing”, while conveniently obscuring the fact that the end result in their “vertical marketing” paradigm is also a pyramid. Also, they like to boast about the fact that everyone in the organization gets 100% credit for the BV and IBV someone in the downline earns, and this is what makes them different from other compensation plans…duh. It’s basically like saying “you get 100% of what you get”.
JR Ridinger also calls this the “binomial system”, which means that each person only has two people under them, and then those two people have to find two people, and so on (and guess what? Red Flag #5: The business seems to be both “really easy” and “requires a lot of time and effort to be successful”.
I am not an ex-MLMer, but I have a friend who is in Market America, and then after I did a little research in it, I went down a little too far into the MLM rabbit hole, mainly wondering….”how can so many people be this delusional??
”I saw my friend occasionally post things with the hashtag “#shoppingannuity” and I saw her post photos of herself at some conference so I was curious.If you’re not making money, you’re obviously not working hard enough. Red Flag #6: The consumer reports and reviews out there of by people burned by MA. https://market-america.pissedconsumer.com/Red Flag #7: The argument “would you rather be on the 45-year plan, or the 2-to-3 year plan? JR Ridinger loves to use this argument, that you spend 4 years of your life in college, putting yourself in debt for a degree, to work for 45 years for a boss you don’t care about in order to retire.Buuuuuut using the MA system, you can achieve the same results in 2-3 years! There are also some reviews that I find interesting that mention how upper management is incompetent and prone to angry outbursts.Technically the 2-3 year plan could take 10 years, 20 years, or 45 years. Red Flag #9: Their advertised A rating with the BBB.While this isn’t a red flag on its own, it is kind of suspicious when the president and CEO of the BBB shows up at the conference advertising the BBB and assuring people that MA is one of the most ethical and upstanding companies he’s ever seen.The “shopping annuity” refers to the ability to “convert your spending into earning” because they are a product brokerage company, and offer cashback for products for hundreds of companies (like Walmart, Macy’s, Dunkin Donuts, etc). you could join MA and continue spending what you normally do, and earn cashback and commission on top of that. In June 2017, the startup fee to become a Market America distributor was reportedly 9 plus additional monthly payments of 9.Market America representatives operate as independent contractors, but are required to spend between 0 and 0 on Market America products and attend seminars and training events that are estimated to cost between and 0 each. This is actually the reason I got so fascinated with MA in the first place, because his ranting, raving, sweating and spitting on stage just screams “cult leader”, and yet, they worship him like a rock star.Red Flag #11: The recent federal lawsuit against Market America.From Wikipedia: In a 2017 federal lawsuit, two distributors accused the company of violating the Racketeering Influenced and Corrupt Organizations Act and California state law.In my opinion, he is a horrible presenter, incredibly disorganized, keeps repeating “do you get it?It’ll hit you on the way home” when his rants don’t get the reaction he wants and then they idolize him and call him a genius.