1 00:00:00,680 --> 00:00:04,880 Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yor 2 00:00:04,960 --> 00:00:08,639 Speaker 1: the Order KERNI Whoaltbury and a waddery woman. And before 3 00:00:08,680 --> 00:00:11,160 Speaker 1: we get started on She's on the Money podcast, I 4 00:00:11,160 --> 00:00:14,319 Speaker 1: would like to acknowledge the traditional custodians of the land 5 00:00:14,400 --> 00:00:17,680 Speaker 1: of which this podcast is recorded on a wondery country, 6 00:00:18,120 --> 00:00:22,240 Speaker 1: acknowledging the elders, the ancestors and the next generation coming 7 00:00:22,320 --> 00:00:26,960 Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing 8 00:00:27,080 --> 00:00:30,120 Speaker 1: and the storytelling of you to make a difference for 9 00:00:30,240 --> 00:00:34,200 Speaker 1: today and lasting impact for tomorrow. Let's get into it. 10 00:00:34,360 --> 00:00:53,640 Speaker 2: She's on the Money, She's on the Money. 11 00:00:57,240 --> 00:01:00,400 Speaker 3: Hello, and welcome back to She's on the Money podcast 12 00:01:00,400 --> 00:01:03,880 Speaker 3: that helps you own your own financial future well dodging dodgy, 13 00:01:03,920 --> 00:01:06,800 Speaker 3: get rich quick schemes. My friends, I am your host, 14 00:01:06,920 --> 00:01:10,559 Speaker 3: Victoria Devine, and today we are diving into a world 15 00:01:10,600 --> 00:01:13,280 Speaker 3: that is currently taking over social feeds faster than you 16 00:01:13,280 --> 00:01:15,880 Speaker 3: can say, Hey, han, want to join my team? That 17 00:01:16,240 --> 00:01:20,360 Speaker 3: is right. We are talking today about MLMs, those magical 18 00:01:20,400 --> 00:01:25,360 Speaker 3: businesses that promise abundances of financial freedom, endless hashtag boss 19 00:01:25,360 --> 00:01:29,440 Speaker 3: babe energy and somehow a six pack in thirty days. 20 00:01:29,480 --> 00:01:32,479 Speaker 3: All from a mysterious powder that you pour into your 21 00:01:32,520 --> 00:01:36,720 Speaker 3: morning smoothie. Now, if you've seen my Instagram stories lately, 22 00:01:36,840 --> 00:01:39,800 Speaker 3: you'll know that I have those pesky postpartum hairs, and 23 00:01:39,959 --> 00:01:43,120 Speaker 3: on Instagram I asked for some haircare advice. And this 24 00:01:43,240 --> 00:01:46,039 Speaker 3: is kind of what kicked off a rant from me 25 00:01:46,280 --> 00:01:49,600 Speaker 3: about multi level marketing. But I guess a little bit 26 00:01:49,640 --> 00:01:53,520 Speaker 3: of a deeper conversation because not as many people knew 27 00:01:53,600 --> 00:01:56,480 Speaker 3: about MLMs as I would want them too. But then 28 00:01:56,600 --> 00:01:59,640 Speaker 3: also accidentally, I put myself in the firing line of 29 00:01:59,680 --> 00:02:02,280 Speaker 3: all of the multi level marketing girl is, which is 30 00:02:02,280 --> 00:02:05,160 Speaker 3: not where I wanted to be. So before we go 31 00:02:05,200 --> 00:02:07,600 Speaker 3: any further, I want to be really clear about something. 32 00:02:07,680 --> 00:02:11,280 Speaker 3: If you are currently in a multi level marketing company, 33 00:02:11,360 --> 00:02:14,280 Speaker 3: this is not an attack on you. This is not 34 00:02:14,360 --> 00:02:18,120 Speaker 3: a personal conversation. This is a conversation because the bigger 35 00:02:18,240 --> 00:02:21,680 Speaker 3: organization needs to be held accountable and more people deserve 36 00:02:21,760 --> 00:02:24,920 Speaker 3: to know how this works. So now I've got that 37 00:02:25,000 --> 00:02:27,360 Speaker 3: off my chest, let's dive in. Let's start with the 38 00:02:27,360 --> 00:02:30,720 Speaker 3: basics here. What is an MLM. So an MLM it 39 00:02:30,760 --> 00:02:33,880 Speaker 3: stands for multi level marketing and you might have also 40 00:02:34,000 --> 00:02:37,880 Speaker 3: heard it be called direct marketing or network marketing. It's 41 00:02:37,960 --> 00:02:42,239 Speaker 3: essentially a business model that involves selling products, usually wellness 42 00:02:42,400 --> 00:02:46,600 Speaker 3: or beauty or lifestyle items, directly to consumers. But here's 43 00:02:46,680 --> 00:02:51,560 Speaker 3: where it gets slightly sketchy. In multi level marketing companies, 44 00:02:51,880 --> 00:02:56,600 Speaker 3: the real money doesn't actually come from you individually selling products. 45 00:02:56,680 --> 00:03:00,120 Speaker 3: It comes from recruiting more people to join the business 46 00:03:00,200 --> 00:03:03,520 Speaker 3: under you. So picture a pyramid. Note really, at the top, 47 00:03:03,600 --> 00:03:07,080 Speaker 3: you have the highest earnest, the people who got in 48 00:03:07,200 --> 00:03:10,320 Speaker 3: early and then built a team underneath them. Aka, they 49 00:03:10,400 --> 00:03:12,799 Speaker 3: kind of recruited a small army and they're now living 50 00:03:12,880 --> 00:03:16,680 Speaker 3: their hushtag best lucks life. But down at the very bottom, 51 00:03:16,720 --> 00:03:19,560 Speaker 3: you have thousands, if not more than thousands of people 52 00:03:19,639 --> 00:03:22,160 Speaker 3: who are hustling really hard. They're buying products, they're hosting 53 00:03:22,480 --> 00:03:25,960 Speaker 3: online parties, they are desperately trying to recruit other people 54 00:03:26,600 --> 00:03:29,239 Speaker 3: to do the same thing. And the sales pitch here 55 00:03:29,360 --> 00:03:31,400 Speaker 3: is that you're not just selling a product. You're actually 56 00:03:31,440 --> 00:03:34,720 Speaker 3: selling the dream. You are selling the lifestyle. You're selling 57 00:03:35,000 --> 00:03:38,560 Speaker 3: financial freedom, you're selling the idea of flexible working hours, 58 00:03:38,880 --> 00:03:41,120 Speaker 3: being your own boss, being able to work from home 59 00:03:41,160 --> 00:03:44,560 Speaker 3: with your babies. But in reality, most people in multi 60 00:03:44,680 --> 00:03:48,160 Speaker 3: level marketing companies do not make money. In fact, studies 61 00:03:48,240 --> 00:03:51,640 Speaker 3: show that over ninety nine percent of people who are 62 00:03:51,720 --> 00:03:56,640 Speaker 3: involved in multi level marketing companies lose money. You absolutely 63 00:03:56,720 --> 00:03:59,720 Speaker 3: heard that correctly. If you've ever wondered why your best 64 00:03:59,760 --> 00:04:02,920 Speaker 3: friend has suddenly started trying to get you to buy 65 00:04:03,280 --> 00:04:06,480 Speaker 3: fifty dollars protein shakes, it's because they're trying to climb 66 00:04:06,600 --> 00:04:10,000 Speaker 3: up that pyramid. Now, I do keep referring to the 67 00:04:10,040 --> 00:04:13,280 Speaker 3: structure of this business as a pyramid, because the structure 68 00:04:13,320 --> 00:04:16,960 Speaker 3: of these businesses looks a lot like one. Right, So 69 00:04:17,160 --> 00:04:20,119 Speaker 3: let's talk about the difference here between a pyramid scheme 70 00:04:20,160 --> 00:04:23,120 Speaker 3: and a multi level marketing company, because while they do 71 00:04:23,240 --> 00:04:27,200 Speaker 3: seem incredibly similar, and honestly they are actually quite similar, 72 00:04:27,680 --> 00:04:31,039 Speaker 3: there's actually a sneaky little loophole that MLMs use to 73 00:04:31,120 --> 00:04:34,120 Speaker 3: stay legal, especially here in Australia. So first, let's break 74 00:04:34,120 --> 00:04:37,039 Speaker 3: down what a pyramid scheme is. I love talking about 75 00:04:37,040 --> 00:04:40,640 Speaker 3: this stuff. So these are actually illegal in Australia, and 76 00:04:40,720 --> 00:04:43,599 Speaker 3: rightly so. So a pyramid scheme is a business model 77 00:04:43,600 --> 00:04:47,280 Speaker 3: where participants they make money solely through recruiting other people. 78 00:04:47,480 --> 00:04:50,400 Speaker 3: There's no product, there's no service, it's just recruiting. You 79 00:04:50,440 --> 00:04:53,200 Speaker 3: are literally selling a dream to other people. Everyone is 80 00:04:53,240 --> 00:04:56,240 Speaker 3: focused on getting more people to join because that's the 81 00:04:56,279 --> 00:04:59,080 Speaker 3: only way that more money is made. So what I'm 82 00:04:59,120 --> 00:05:01,520 Speaker 3: going to do is get you to imagine that you're 83 00:05:01,520 --> 00:05:04,960 Speaker 3: on top of the pyramid, and then you're recruiting people 84 00:05:05,000 --> 00:05:08,120 Speaker 3: who are beneath you. So one person recruits two, and 85 00:05:08,160 --> 00:05:11,160 Speaker 3: then those two people recruit others and it literally becomes 86 00:05:11,160 --> 00:05:12,000 Speaker 3: a pyramid shape. 87 00:05:12,040 --> 00:05:12,240 Speaker 4: Right. 88 00:05:12,600 --> 00:05:15,520 Speaker 3: They pay to join, and then you get a cut 89 00:05:15,560 --> 00:05:18,240 Speaker 3: of that payment for them joining, and then those people 90 00:05:18,360 --> 00:05:21,919 Speaker 3: recruit other people and what happens is that money the 91 00:05:21,960 --> 00:05:24,240 Speaker 3: person that recruited them gets a cut of that. But then, 92 00:05:24,279 --> 00:05:26,960 Speaker 3: because you're the ultimate at the top of this pyramid, 93 00:05:27,400 --> 00:05:29,760 Speaker 3: you get a cut of that as well, and those 94 00:05:29,800 --> 00:05:32,120 Speaker 3: people recruit more people, and then the money it keeps 95 00:05:32,120 --> 00:05:36,160 Speaker 3: trickling up to you. But here's the catch. It's completely unsustainable. 96 00:05:36,560 --> 00:05:38,680 Speaker 3: Eventually you're going to run out of people to recruit 97 00:05:38,720 --> 00:05:41,520 Speaker 3: and the whole thing collapses. We've seen it time and 98 00:05:41,560 --> 00:05:45,080 Speaker 3: time again. The people at the bottom, those are the 99 00:05:45,080 --> 00:05:47,159 Speaker 3: people that are left with absolutely nothing. And that is 100 00:05:47,200 --> 00:05:50,600 Speaker 3: why pyramid schemes are illegal under the Competition and Consumer 101 00:05:50,640 --> 00:05:54,240 Speaker 3: Act of twenty ten. Here in Australia. So the law 102 00:05:54,400 --> 00:05:58,359 Speaker 3: says that any business model where income is based solely 103 00:05:58,400 --> 00:06:01,320 Speaker 3: on recruitment without the cell of an actual product or 104 00:06:01,360 --> 00:06:05,719 Speaker 3: service is straight up fraud. But here is where things 105 00:06:05,760 --> 00:06:10,560 Speaker 3: get a little bit murky. MLMs are like pyramid schemes, 106 00:06:10,560 --> 00:06:13,960 Speaker 3: but with a little bit of a makeover. They operate 107 00:06:14,080 --> 00:06:17,960 Speaker 3: in I guess, the same way, but with one key difference, 108 00:06:18,240 --> 00:06:20,760 Speaker 3: and that is that they sell a product and that 109 00:06:20,880 --> 00:06:23,880 Speaker 3: is how they get away with it. But with multi 110 00:06:23,960 --> 00:06:27,440 Speaker 3: level marketing companies, the pressure to recruit is always there. 111 00:06:28,000 --> 00:06:32,520 Speaker 3: Don't let people let you think otherwise. No person who 112 00:06:32,600 --> 00:06:36,400 Speaker 3: owns a multi level marketing company thought oh great, let's 113 00:06:36,400 --> 00:06:39,120 Speaker 3: go into hair care because I have this fantastic product 114 00:06:39,160 --> 00:06:42,279 Speaker 3: that i'd love to distribute. They actually started with the 115 00:06:42,320 --> 00:06:45,520 Speaker 3: business structure first and then added a product later, because 116 00:06:45,520 --> 00:06:49,520 Speaker 3: their priority was creating a structure that made them incredibly rich, 117 00:06:50,080 --> 00:06:52,560 Speaker 3: not through the product. You might start out thinking, if 118 00:06:52,600 --> 00:06:54,120 Speaker 3: you join one of these, that you're just going to 119 00:06:54,120 --> 00:06:56,920 Speaker 3: sell like a few skincare kits to your friends, but 120 00:06:56,960 --> 00:06:59,599 Speaker 3: then very quickly you're going to be pushed to build 121 00:06:59,600 --> 00:07:03,200 Speaker 3: a tea to recruit others and chase the very elusive 122 00:07:03,279 --> 00:07:05,599 Speaker 3: financial freedom that they keep dangling in front of you 123 00:07:05,680 --> 00:07:10,040 Speaker 3: because genuinely they prey on the vulnerable. The people who 124 00:07:11,040 --> 00:07:13,080 Speaker 3: might want to be able to work from home, who 125 00:07:13,120 --> 00:07:16,160 Speaker 3: have become stay at home mums and are creeping really 126 00:07:16,240 --> 00:07:18,320 Speaker 3: close to the end of their maternity leave and don't 127 00:07:18,320 --> 00:07:20,960 Speaker 3: want to go back to work. They're the ones that 128 00:07:21,080 --> 00:07:24,600 Speaker 3: fall into these traps most readily because they are so 129 00:07:24,760 --> 00:07:27,720 Speaker 3: desperate to find a solution that enables them to have 130 00:07:27,760 --> 00:07:31,720 Speaker 3: the lifestyle that they want. Multi level marketing companies are 131 00:07:31,800 --> 00:07:37,240 Speaker 3: insanely predatory, particularly towards women, and I've done some research. 132 00:07:37,280 --> 00:07:41,360 Speaker 3: According to Direct Selling Australia, seventy five percent of multi 133 00:07:41,440 --> 00:07:45,040 Speaker 3: level marketing participants are women, and this is because obviously, 134 00:07:45,440 --> 00:07:49,960 Speaker 3: multi level marketing companies are strategically targeting single women, stay 135 00:07:49,960 --> 00:07:54,600 Speaker 3: at home mums, single mums, women seeking financial independence, the 136 00:07:54,720 --> 00:08:00,000 Speaker 3: disabled community. These companies play on mum guilt, on selling 137 00:08:00,240 --> 00:08:02,200 Speaker 3: the dream on being able to work from home and 138 00:08:02,280 --> 00:08:05,000 Speaker 3: being your own boss while still caring so much for 139 00:08:05,040 --> 00:08:09,920 Speaker 3: your family. The recruitment pitch promises you financial freedom, flexibility, 140 00:08:10,120 --> 00:08:13,480 Speaker 3: better work life balance, but in reality, most women end 141 00:08:13,560 --> 00:08:17,040 Speaker 3: up trapped in a cycle of financial loss and relentless recruitment. 142 00:08:17,360 --> 00:08:19,440 Speaker 3: And this isn't just me saying that. Over the last 143 00:08:19,440 --> 00:08:23,160 Speaker 3: few weeks, I have had hundreds of DMS from people 144 00:08:23,240 --> 00:08:26,360 Speaker 3: telling me that I was in a multi level marketing 145 00:08:26,400 --> 00:08:28,880 Speaker 3: company and to be able to be paid out my commissions, 146 00:08:28,920 --> 00:08:32,040 Speaker 3: I had to buy my own products to get more money, 147 00:08:32,160 --> 00:08:34,800 Speaker 3: I had to recruit people and lie to them about 148 00:08:34,840 --> 00:08:37,760 Speaker 3: the structure. One person even told me that they made 149 00:08:37,760 --> 00:08:41,120 Speaker 3: fake accounts to purchase product under because they wanted to 150 00:08:41,160 --> 00:08:45,720 Speaker 3: make their quotas. What makes them predatory from my perspective 151 00:08:46,120 --> 00:08:51,240 Speaker 3: is how grossly they exploit women's vulnerabilities. They present their 152 00:08:51,280 --> 00:08:55,200 Speaker 3: multi level marketing situation, I suppose as a solution to 153 00:08:55,280 --> 00:08:58,720 Speaker 3: balancing your family life and being able to earn an income, 154 00:08:58,800 --> 00:09:02,960 Speaker 3: but instead you're faced with an enormous amount of pressure 155 00:09:03,480 --> 00:09:06,520 Speaker 3: to recruit others and to buy unsellable products. So over 156 00:09:06,600 --> 00:09:09,679 Speaker 3: ninety nine percent of people involved in multi level marketing 157 00:09:09,720 --> 00:09:14,160 Speaker 3: companies lose money, making these schemes incredibly harmful to those 158 00:09:14,200 --> 00:09:17,839 Speaker 3: that they claim to empower. They literally say that they 159 00:09:17,840 --> 00:09:22,040 Speaker 3: empower women, but how is empowering women making them lose money? 160 00:09:22,600 --> 00:09:26,199 Speaker 3: Women are drawn in by this appeal of autonomy, but 161 00:09:26,320 --> 00:09:30,600 Speaker 3: most end up financially worse off, which makes me so angry, 162 00:09:30,679 --> 00:09:33,480 Speaker 3: and it's often at the cost of their personal relationships 163 00:09:33,559 --> 00:09:37,200 Speaker 3: and financial stability. If you know someone who has been 164 00:09:37,280 --> 00:09:39,960 Speaker 3: in a multi level marketing company, you have all seen 165 00:09:40,000 --> 00:09:42,680 Speaker 3: those messages that make you want to unfollow them or 166 00:09:42,679 --> 00:09:45,880 Speaker 3: block them. According to a study sided on the American 167 00:09:45,920 --> 00:09:50,640 Speaker 3: Federal Trade Commission website, gambling at a rulette table offers 168 00:09:50,960 --> 00:09:55,480 Speaker 3: better odds than joining an MLM company. The research shows 169 00:09:55,480 --> 00:09:57,640 Speaker 3: that while two point nine percent of gamblers at a 170 00:09:57,720 --> 00:10:00,839 Speaker 3: rulette table in Las Vegas make a profit, only zero 171 00:10:00,840 --> 00:10:04,240 Speaker 3: point four percent of multi level marketing participants earn more 172 00:10:04,280 --> 00:10:08,200 Speaker 3: than they spend. This means that statistically, you are more 173 00:10:08,320 --> 00:10:10,480 Speaker 3: likely to win a game of chance than you are 174 00:10:10,600 --> 00:10:13,640 Speaker 3: to succeed in a multi level marketing company, which praise 175 00:10:13,720 --> 00:10:18,160 Speaker 3: on your ambition while hiding the near guaranteed financial loss. 176 00:10:19,080 --> 00:10:22,439 Speaker 3: Multi level marketing companies are dressed up as business opportunities, 177 00:10:22,440 --> 00:10:24,480 Speaker 3: but the reality is they're going to re exploit your 178 00:10:24,520 --> 00:10:29,120 Speaker 3: financial desperation while stacking the odds against you. I literally 179 00:10:29,160 --> 00:10:31,520 Speaker 3: can't think of anything worse that you could do to 180 00:10:31,600 --> 00:10:34,600 Speaker 3: someone who is trying to start a business and provide 181 00:10:34,600 --> 00:10:40,120 Speaker 3: financial freedom. Multi level marketing companies rely heavily on essentially 182 00:10:40,240 --> 00:10:44,720 Speaker 3: confusing compensation and bonus structures to keep people consistently chasing 183 00:10:44,800 --> 00:10:48,199 Speaker 3: rewards that are nearly impossible to achieve. You're going to 184 00:10:48,280 --> 00:10:51,959 Speaker 3: see them throw around terms like downlines and rank bonuses 185 00:10:52,240 --> 00:10:55,959 Speaker 3: and leadership levels to create this illusion that financial success 186 00:10:56,000 --> 00:10:58,319 Speaker 3: it's just a few recruits away or sale away, and 187 00:10:58,360 --> 00:11:00,880 Speaker 3: don't worry. Maybe next month is your mine, and don't worry, 188 00:11:01,040 --> 00:11:03,600 Speaker 3: you've only recruited five people, but if you get to seven. 189 00:11:04,200 --> 00:11:08,160 Speaker 3: But here's the catch. The structure is intentionally complex, like 190 00:11:08,200 --> 00:11:10,920 Speaker 3: they do this on purpose, which makes it harder for 191 00:11:10,960 --> 00:11:15,000 Speaker 3: people to understand how much they're truly earning, or more accurately, 192 00:11:15,320 --> 00:11:19,760 Speaker 3: how little they're actually making, and in reality, most people 193 00:11:19,920 --> 00:11:24,000 Speaker 3: never get close to the shiny rewards. The multi level 194 00:11:24,080 --> 00:11:27,199 Speaker 3: business model is. It's structured in a way that primarily 195 00:11:27,240 --> 00:11:29,520 Speaker 3: benefits those who are at the top of the pyramid, 196 00:11:30,120 --> 00:11:33,400 Speaker 3: those who have already built large downlines and rely on 197 00:11:33,559 --> 00:11:36,640 Speaker 3: constant recruitment of new participants, which in this day and age, 198 00:11:36,679 --> 00:11:40,079 Speaker 3: is really toxic. Because what we're seeing on social media, 199 00:11:40,120 --> 00:11:41,800 Speaker 3: and I know a lot of you have seen on 200 00:11:41,840 --> 00:11:45,920 Speaker 3: social media, is influencers who are now joining multi level 201 00:11:45,960 --> 00:11:51,160 Speaker 3: marketing companies because they have engaged communities and arguably hundreds 202 00:11:51,160 --> 00:11:54,200 Speaker 3: of thousands of followers, which automatically puts them at the 203 00:11:54,240 --> 00:11:57,400 Speaker 3: top of the pyramid. I'm a girl's girl at my heart. 204 00:11:57,440 --> 00:12:00,880 Speaker 3: I will never name and shame, but we all know 205 00:12:01,160 --> 00:12:04,480 Speaker 3: and have seen how it works. Somebody has been on 206 00:12:04,520 --> 00:12:08,280 Speaker 3: reality TV. They then get a very large Instagram following, 207 00:12:08,320 --> 00:12:11,360 Speaker 3: and then they decide to join a multi level marketing business. 208 00:12:11,640 --> 00:12:16,120 Speaker 3: They then start promoting how their life has absolutely changed 209 00:12:16,200 --> 00:12:18,320 Speaker 3: because they're now selling this product and they've got so 210 00:12:18,440 --> 00:12:21,440 Speaker 3: much financial freedom, and you know, they have these really 211 00:12:21,480 --> 00:12:24,640 Speaker 3: great teams and they have so much beautiful community. But 212 00:12:24,720 --> 00:12:27,200 Speaker 3: the reality is they were able to create that for 213 00:12:27,280 --> 00:12:31,320 Speaker 3: themselves because they had such a significant following and everyone 214 00:12:31,400 --> 00:12:34,040 Speaker 3: was like, oh my gosh, if Victoria's doing that, I 215 00:12:34,120 --> 00:12:36,880 Speaker 3: want to do that. Victoria is somebody that I trust. 216 00:12:37,280 --> 00:12:40,200 Speaker 3: I think that's what makes me the most scared about 217 00:12:40,200 --> 00:12:43,280 Speaker 3: these things is because I know that, you know, just 218 00:12:43,400 --> 00:12:46,720 Speaker 3: as somebody who has influence. I know I have an 219 00:12:46,760 --> 00:12:49,160 Speaker 3: Instagram following, and if I had decided to go down 220 00:12:49,200 --> 00:12:51,480 Speaker 3: a root like this, I know that it wouldn't be 221 00:12:51,800 --> 00:12:54,040 Speaker 3: too much of a side step to say to people 222 00:12:54,280 --> 00:12:56,640 Speaker 3: come along, like you could actually have your own business. 223 00:12:56,640 --> 00:13:00,880 Speaker 3: It's so easy, it's terrifying. But for most people, the 224 00:13:00,920 --> 00:13:04,360 Speaker 3: only way to progress in this and actually create any 225 00:13:04,520 --> 00:13:07,800 Speaker 3: level of income is to recruit other people, not by 226 00:13:07,800 --> 00:13:11,040 Speaker 3: selling the products that they sell. Like literally, if you 227 00:13:11,080 --> 00:13:14,120 Speaker 3: broke it down into how much they are making, these 228 00:13:14,360 --> 00:13:17,680 Speaker 3: people who are at the top of their game, the 229 00:13:17,840 --> 00:13:21,840 Speaker 3: Instagram influencers selling the dream sharing their beautiful hair, sharing 230 00:13:21,880 --> 00:13:24,840 Speaker 3: all of this, I can absolutely guarantee that if I 231 00:13:24,960 --> 00:13:28,200 Speaker 3: broke down their paycheck from their multi level marketing company, 232 00:13:28,559 --> 00:13:31,640 Speaker 3: ninety nine percent of their income would come from the 233 00:13:31,720 --> 00:13:34,559 Speaker 3: income that the people below them are generating, not from 234 00:13:34,600 --> 00:13:37,600 Speaker 3: the product that they are selling. So even if you're 235 00:13:37,640 --> 00:13:41,240 Speaker 3: working tirelessly, you might still find yourself falling short because 236 00:13:41,600 --> 00:13:44,319 Speaker 3: success in a multi level marketing company is far more 237 00:13:44,360 --> 00:13:48,360 Speaker 3: about recruitment than it ever was about product sales. It 238 00:13:48,520 --> 00:13:51,840 Speaker 3: actually blows my mind that this is legal in Australia. 239 00:13:52,600 --> 00:13:56,200 Speaker 3: What's even more troubling is that multi level marketing companies 240 00:13:56,360 --> 00:13:59,560 Speaker 3: they don't care about your skills or experience. Anyone can join, 241 00:13:59,600 --> 00:14:02,800 Speaker 3: and I mean that's great, Like I think anyone should 242 00:14:02,800 --> 00:14:05,240 Speaker 3: have a shot at creating their own business, creating their 243 00:14:05,240 --> 00:14:08,640 Speaker 3: own career, paving their own path right. As long as 244 00:14:08,640 --> 00:14:11,240 Speaker 3: you're willing to buy the starter kit and investing their products, 245 00:14:11,240 --> 00:14:14,240 Speaker 3: you're in. There's absolutely no vetting process, no regard for 246 00:14:14,280 --> 00:14:16,800 Speaker 3: whether you're suited to succeed in this business. They just 247 00:14:16,840 --> 00:14:19,680 Speaker 3: want to bring in as many people as possible. And 248 00:14:19,800 --> 00:14:22,160 Speaker 3: this is because the real money. I don't know how 249 00:14:22,160 --> 00:14:23,920 Speaker 3: many times I can say this, but the real money's 250 00:14:23,960 --> 00:14:26,480 Speaker 3: made when you recruit others and then they buy your 251 00:14:26,480 --> 00:14:30,120 Speaker 3: starter kits and the products, keeping the pyramid scheme alive 252 00:14:30,360 --> 00:14:34,280 Speaker 3: and flowing and well. The system is quite literally designed 253 00:14:34,360 --> 00:14:38,640 Speaker 3: to continuously grow the base of the pyramid, benefiting those 254 00:14:38,680 --> 00:14:41,240 Speaker 3: at the top, while the majority of the people at 255 00:14:41,240 --> 00:14:44,200 Speaker 3: the bottom are struggling. They are losing money, and we 256 00:14:44,280 --> 00:14:46,720 Speaker 3: know what a pyramid looks like most of the people 257 00:14:46,720 --> 00:14:49,560 Speaker 3: who are at the bottom. It's no secret that multi 258 00:14:49,600 --> 00:14:52,320 Speaker 3: level marketing companies have gotten a major upgrade in the 259 00:14:52,320 --> 00:14:55,520 Speaker 3: digital age. Gorner the days of your mum's Tupperware parties 260 00:14:55,520 --> 00:14:59,240 Speaker 3: and those door to door avon sales. Today multi level 261 00:14:59,240 --> 00:15:03,680 Speaker 3: marketing company are thriving on social media, which to me 262 00:15:03,880 --> 00:15:07,200 Speaker 3: is more toxic. Because you had to consent to a 263 00:15:07,200 --> 00:15:11,320 Speaker 3: Tupperware party, you had to accept the avon magazine at 264 00:15:11,360 --> 00:15:15,040 Speaker 3: your front door gorner. Those days you're scrolling on Instagram, 265 00:15:15,080 --> 00:15:18,200 Speaker 3: you're scrolling on Facebook, you're all over TikTok. You didn't 266 00:15:18,200 --> 00:15:21,480 Speaker 3: even know that the product that your favorite influencer was 267 00:15:21,520 --> 00:15:25,720 Speaker 3: promoting was a multi level marketing recruitment strategy. And trust me, 268 00:15:25,840 --> 00:15:30,480 Speaker 3: that's no accident. These platforms are literally perfect for multi 269 00:15:30,520 --> 00:15:34,160 Speaker 3: level marketing girlies to prey on people's insecurities, building a 270 00:15:34,200 --> 00:15:37,800 Speaker 3: really false sense of security and targeting those looking for 271 00:15:37,880 --> 00:15:40,280 Speaker 3: a way to make money from home? Do you know 272 00:15:40,320 --> 00:15:42,960 Speaker 3: how hard it is to show up online as a 273 00:15:43,000 --> 00:15:47,520 Speaker 3: business owner? Like side note completely, but as somebody who 274 00:15:47,560 --> 00:15:50,840 Speaker 3: owns multiple businesses. One of the hardest things that I 275 00:15:51,040 --> 00:15:52,920 Speaker 3: do in my day, and this is going to sound 276 00:15:53,000 --> 00:15:56,040 Speaker 3: very lame, is create content. It's not because the content 277 00:15:56,120 --> 00:15:59,640 Speaker 3: is hard, It's because my confidence plays a lot into it. 278 00:15:59,800 --> 00:16:02,040 Speaker 3: Because I feel like I want to show up as 279 00:16:02,080 --> 00:16:03,960 Speaker 3: my true, authentic self. I want to be able to 280 00:16:04,000 --> 00:16:06,760 Speaker 3: promote my business. I want to be able to get 281 00:16:06,760 --> 00:16:09,880 Speaker 3: in front of a camera. Most people are not comfortable 282 00:16:10,040 --> 00:16:11,720 Speaker 3: to pop a camera in front of them and have 283 00:16:11,760 --> 00:16:14,560 Speaker 3: a chat about their hair, have a chat about their business, 284 00:16:14,560 --> 00:16:18,160 Speaker 3: to promote themselves. You guys know, I am obsessed with business. 285 00:16:18,200 --> 00:16:20,640 Speaker 3: I have a podcast called the Business Bible. I have 286 00:16:20,720 --> 00:16:23,880 Speaker 3: a business book coming out. And the reason I have 287 00:16:23,960 --> 00:16:26,800 Speaker 3: this is because I want to empower people, particularly women, 288 00:16:27,120 --> 00:16:30,560 Speaker 3: to create their own incomes, to take control of their 289 00:16:30,600 --> 00:16:35,720 Speaker 3: own financial destiny. But when these companies prey on people's 290 00:16:35,800 --> 00:16:39,920 Speaker 3: insecurities and build a false sense of security, these women 291 00:16:39,920 --> 00:16:42,480 Speaker 3: are putting in so much time, energy, and effort to 292 00:16:42,640 --> 00:16:47,000 Speaker 3: creating the social media content that it breaks my heart 293 00:16:47,040 --> 00:16:50,120 Speaker 3: because they have so much potential that could be spent 294 00:16:50,200 --> 00:16:52,480 Speaker 3: on a real business that could be putting themselves in 295 00:16:52,560 --> 00:16:56,200 Speaker 3: the best possible position. Ask any genuine small business owner 296 00:16:56,440 --> 00:16:59,359 Speaker 3: what their biggest struggles are and I can almost guarantee 297 00:16:59,480 --> 00:17:03,000 Speaker 3: that social media will come up. But these girls are 298 00:17:03,000 --> 00:17:06,119 Speaker 3: going above and beyond to create beautiful social media content 299 00:17:06,359 --> 00:17:09,000 Speaker 3: for a business that is taking advantage of them, their friends, 300 00:17:09,000 --> 00:17:11,600 Speaker 3: their family, and they don't know that they're doing it. 301 00:17:12,160 --> 00:17:14,680 Speaker 3: I think that's the saddest part. They have been lulled 302 00:17:14,760 --> 00:17:18,000 Speaker 3: into this false sense of security that this is a 303 00:17:18,040 --> 00:17:21,040 Speaker 3: good idea for them, that this is their solution to 304 00:17:21,160 --> 00:17:24,320 Speaker 3: their financial problems, This is the solution to being able 305 00:17:24,359 --> 00:17:26,919 Speaker 3: to spend more time with their babies, This is the 306 00:17:26,960 --> 00:17:30,320 Speaker 3: solution to being able to have a flexible work life 307 00:17:30,320 --> 00:17:34,080 Speaker 3: balance while their partner works regionally. It breaks my heart 308 00:17:34,119 --> 00:17:39,000 Speaker 3: because these women, they genuinely have drunk their own chool aid. 309 00:17:39,640 --> 00:17:42,399 Speaker 3: They believe in everything that they are telling you, and 310 00:17:42,440 --> 00:17:45,480 Speaker 3: that is what breaks my heart. Now. I want to 311 00:17:45,520 --> 00:17:50,320 Speaker 3: talk about particularly Monet very quickly, because I feel like 312 00:17:50,320 --> 00:17:52,320 Speaker 3: I've been focusing on that one the most because I 313 00:17:52,320 --> 00:17:55,280 Speaker 3: feel like that's what came up for me. When I 314 00:17:55,359 --> 00:17:58,840 Speaker 3: asked about my hair issues. I had an influx of 315 00:17:58,880 --> 00:18:01,399 Speaker 3: people being like, Mona, it's fantastic, You're going to love it. 316 00:18:01,440 --> 00:18:03,760 Speaker 3: I can send you a link. I think one thing 317 00:18:03,880 --> 00:18:06,639 Speaker 3: that breaks my heart the most is these women are 318 00:18:06,680 --> 00:18:08,520 Speaker 3: online and they're promoting it. They are so proud of 319 00:18:08,520 --> 00:18:11,840 Speaker 3: the business that they work for. Note that I said 320 00:18:11,840 --> 00:18:14,720 Speaker 3: the business that they work for, because from my perspective, 321 00:18:14,800 --> 00:18:18,200 Speaker 3: they are literally sales reps. They'll tell you that they're entrepreneurs. 322 00:18:18,240 --> 00:18:20,119 Speaker 3: They'll tell you that it's their own business. It is not. 323 00:18:20,240 --> 00:18:23,479 Speaker 3: They are working as a sales representative for a bigger company. 324 00:18:23,480 --> 00:18:27,439 Speaker 3: That company is called in this situation Mona, and that 325 00:18:27,680 --> 00:18:31,240 Speaker 3: company is taking advantage of them. This company has told them, 326 00:18:31,280 --> 00:18:34,919 Speaker 3: if you reach certain targets, if you recruit a certain 327 00:18:34,920 --> 00:18:37,399 Speaker 3: amount of people, if you make a certain amount of 328 00:18:37,440 --> 00:18:40,479 Speaker 3: product sales, you are going to get this. You're going 329 00:18:40,520 --> 00:18:42,800 Speaker 3: to earn a Range Rover, will gift you a Range 330 00:18:42,840 --> 00:18:47,480 Speaker 3: Rover and mate. That sounds sick. That sounds so cool 331 00:18:47,520 --> 00:18:50,840 Speaker 3: to me. I've looked into it. If you are going 332 00:18:50,880 --> 00:18:54,320 Speaker 3: to qualify for the mone Motor Club program, what you 333 00:18:54,400 --> 00:18:56,840 Speaker 3: need to do is maintain a paid as rank of 334 00:18:56,920 --> 00:19:01,280 Speaker 3: marketing mental or higher for six months. Can secure Okay, 335 00:19:01,320 --> 00:19:04,280 Speaker 3: no worries, I'll do that. And then once you qualify 336 00:19:04,400 --> 00:19:06,359 Speaker 3: for the program, they ask you to read the terms 337 00:19:06,359 --> 00:19:08,119 Speaker 3: and conditions to make sure you're happy to take on 338 00:19:08,160 --> 00:19:12,159 Speaker 3: this commitment. All of these Mona girls are going to 339 00:19:12,240 --> 00:19:14,760 Speaker 3: tell you that they got their free car, right, keep 340 00:19:14,760 --> 00:19:17,640 Speaker 3: that in mind. Then you're going to follow your invitation 341 00:19:17,760 --> 00:19:20,840 Speaker 3: to the program. What you're going to do in your 342 00:19:20,960 --> 00:19:25,160 Speaker 3: personal name is then purchase or lease has to be white, 343 00:19:25,320 --> 00:19:30,320 Speaker 3: a white Range Rover, Land Rover or Jaguar. After that purchase, 344 00:19:30,359 --> 00:19:32,800 Speaker 3: So keeping in mind, the girls online, they're going to 345 00:19:32,880 --> 00:19:35,399 Speaker 3: tell you that they got gifted or they earned this 346 00:19:35,520 --> 00:19:38,199 Speaker 3: Range Rover. It's theirs, right, it was a present. It 347 00:19:38,240 --> 00:19:40,440 Speaker 3: was a gift from the company. The company that I 348 00:19:40,560 --> 00:19:44,520 Speaker 3: quote is so generous. After you have personally purchased or 349 00:19:44,600 --> 00:19:46,760 Speaker 3: leased a car, you're going to send in the required 350 00:19:46,800 --> 00:19:50,640 Speaker 3: paperwork to the Mona head office and they will officially 351 00:19:50,760 --> 00:19:54,440 Speaker 3: notify you that you are in the Mona Motor Club program. 352 00:19:54,520 --> 00:19:57,879 Speaker 3: Right what you need to do is make sure that 353 00:19:57,960 --> 00:20:00,520 Speaker 3: you are listed on the contract as as a signer 354 00:20:00,600 --> 00:20:03,560 Speaker 3: or co signer. Money is never a part of this. 355 00:20:04,119 --> 00:20:07,760 Speaker 3: That car loan is in your personal name. And then 356 00:20:07,800 --> 00:20:10,720 Speaker 3: after you've completed all that enrollment money, they're going to 357 00:20:10,760 --> 00:20:12,920 Speaker 3: send you a one time bonus of four thy two 358 00:20:12,960 --> 00:20:17,879 Speaker 3: hundred dollars as part of your monthly commission earnings. Going forward, 359 00:20:18,119 --> 00:20:20,800 Speaker 3: they're going to include what's called a motor club bonus 360 00:20:20,840 --> 00:20:24,080 Speaker 3: based on your paid as rank. If you lose your rank, 361 00:20:24,640 --> 00:20:27,720 Speaker 3: that car loan is on your shoulders. No one else 362 00:20:27,760 --> 00:20:29,400 Speaker 3: is going to pay it because it's actually in your name. 363 00:20:30,000 --> 00:20:32,040 Speaker 3: You didn't earn a car, you didn't win a car, 364 00:20:32,240 --> 00:20:34,679 Speaker 3: you didn't get a free car gifted to you. You 365 00:20:34,720 --> 00:20:38,159 Speaker 3: took out a loan, and as part of your remuneration, 366 00:20:38,760 --> 00:20:41,840 Speaker 3: this company has said, if you continue to recruit people, 367 00:20:41,880 --> 00:20:45,679 Speaker 3: we will continue to pay you to do that because 368 00:20:45,680 --> 00:20:47,560 Speaker 3: you're making them a lot of money and they're sharing 369 00:20:47,560 --> 00:20:49,760 Speaker 3: a small part of that. But if you miss out 370 00:20:49,800 --> 00:20:51,639 Speaker 3: one month, we're going to actually kick you out of 371 00:20:51,640 --> 00:20:55,880 Speaker 3: the program completely. Isn't that insane to think that these 372 00:20:55,920 --> 00:20:58,679 Speaker 3: girls are getting online and telling everybody that they have 373 00:20:58,760 --> 00:21:00,960 Speaker 3: been gifted a car, But the reality of it is 374 00:21:01,000 --> 00:21:03,720 Speaker 3: they have a car loan that Mone's paying for, but 375 00:21:04,000 --> 00:21:07,400 Speaker 3: only if they continue to recruit people under them. Don't 376 00:21:07,400 --> 00:21:09,240 Speaker 3: even get me started on the trips. If you think 377 00:21:09,280 --> 00:21:12,760 Speaker 3: that I'm done here, I'm absolutely not. I am going 378 00:21:12,840 --> 00:21:15,560 Speaker 3: to do a number of other podcasts on this, maybe 379 00:21:15,840 --> 00:21:19,359 Speaker 3: deep diving into particular companies, because I feel like they 380 00:21:19,400 --> 00:21:22,879 Speaker 3: are all predatory, but they are also all built different 381 00:21:23,680 --> 00:21:25,760 Speaker 3: like at the end of the day, from my perspective, 382 00:21:25,880 --> 00:21:29,160 Speaker 3: companies like Thermomix and Tupperware are not nearly as bad 383 00:21:29,240 --> 00:21:33,679 Speaker 3: as companies like money because there are different catches. So, 384 00:21:33,760 --> 00:21:37,560 Speaker 3: for example, Thermomix, while a multi level marketing company does 385 00:21:37,600 --> 00:21:40,840 Speaker 3: not require you to recruit people to maintain a status, 386 00:21:41,080 --> 00:21:45,119 Speaker 3: MONE does. I'll go on about that another day. So 387 00:21:45,359 --> 00:21:48,439 Speaker 3: to dive into the car situation a little bit more, 388 00:21:48,720 --> 00:21:52,440 Speaker 3: I said that you have to maintain a market mentoring rank, right, 389 00:21:52,480 --> 00:21:54,520 Speaker 3: So there are a lot of ranks. It goes from 390 00:21:54,520 --> 00:21:57,960 Speaker 3: a market partner all the way up to senior executive director, 391 00:21:58,440 --> 00:22:00,680 Speaker 3: which makes not a lot of sense to me, because 392 00:22:00,680 --> 00:22:03,919 Speaker 3: what are you directing? You don't require an ABN to 393 00:22:04,000 --> 00:22:06,520 Speaker 3: join this business because it's not actually your business. You're 394 00:22:06,520 --> 00:22:10,920 Speaker 3: a sales representative, But as a marketing mentor, you could 395 00:22:11,000 --> 00:22:15,119 Speaker 3: earn According to Mona's website, show up to three hundred 396 00:22:15,160 --> 00:22:18,280 Speaker 3: and forty five thousand dollars. That's the highest annual gross 397 00:22:18,280 --> 00:22:21,760 Speaker 3: earnings of one of their market mentors. The lowest annual 398 00:22:21,800 --> 00:22:25,480 Speaker 3: gross earnings of a market mentor was four nine hundred 399 00:22:25,520 --> 00:22:29,800 Speaker 3: and twenty three dollars, with the average annual gross earnings 400 00:22:30,480 --> 00:22:34,000 Speaker 3: of forty nine thousand dollars. Right, So what does that 401 00:22:34,080 --> 00:22:38,960 Speaker 3: mean per month? On average, a marketing mentor makes four 402 00:22:39,000 --> 00:22:41,840 Speaker 3: thousand and ninety nine dollars per month. Right, And if 403 00:22:41,840 --> 00:22:44,040 Speaker 3: we do some quick maths, because we know that you 404 00:22:44,119 --> 00:22:46,000 Speaker 3: have to get the car loan in your own name, 405 00:22:46,080 --> 00:22:48,560 Speaker 3: and you have to get a white Land Rover, Range 406 00:22:48,600 --> 00:22:52,880 Speaker 3: Rover or Jaguar of less than five years of age. Right, 407 00:22:53,800 --> 00:22:56,200 Speaker 3: a range Rover evoke on average is going to cost 408 00:22:56,240 --> 00:22:59,280 Speaker 3: you one hundred thousand dollars. That's like mini suv version 409 00:22:59,480 --> 00:23:02,320 Speaker 3: of a range Rover. If you're going to get the 410 00:23:02,440 --> 00:23:04,520 Speaker 3: big range Rover, that's about one hundred and eighty I 411 00:23:04,600 --> 00:23:06,560 Speaker 3: mean they go up to three hundred thousand dollars, but 412 00:23:06,560 --> 00:23:08,200 Speaker 3: we're going to go with one hundred and eighty thousand 413 00:23:08,240 --> 00:23:11,320 Speaker 3: dollars for a range Rover sport, of course in white, 414 00:23:11,359 --> 00:23:14,640 Speaker 3: because it has to match the brand aesthetics. On average, 415 00:23:14,680 --> 00:23:18,040 Speaker 3: your monthly repayments for a range Rover Evoke are going 416 00:23:18,119 --> 00:23:21,240 Speaker 3: to be twelve hundred dollars. For a range Rover Sport, 417 00:23:21,240 --> 00:23:24,400 Speaker 3: you're probably looking at two thousand dollars. That's half your 418 00:23:24,440 --> 00:23:28,760 Speaker 3: average monthly earnings. And if hypothetically, one month you don't 419 00:23:28,760 --> 00:23:32,200 Speaker 3: make the sales targets or your recruitment targets and drop 420 00:23:32,320 --> 00:23:36,080 Speaker 3: back down to the rank below, which is Associate market Mentor, 421 00:23:36,359 --> 00:23:39,600 Speaker 3: the average monthly gross earnings drop to sixteen hundred and 422 00:23:39,640 --> 00:23:42,880 Speaker 3: eighty two dollars. You can't even pay for your range 423 00:23:42,960 --> 00:23:45,320 Speaker 3: Rover that month with the income that you are earning 424 00:23:45,840 --> 00:23:49,160 Speaker 3: as an associate market mentor. I think the most important 425 00:23:49,160 --> 00:23:51,679 Speaker 3: thing here as well, and this is all publicly accessible 426 00:23:51,720 --> 00:23:56,440 Speaker 3: information available on the MONE website. The most common rank 427 00:23:56,720 --> 00:24:00,679 Speaker 3: is market Partner. That's the entry level. One point one 428 00:24:00,880 --> 00:24:05,560 Speaker 3: five percent of people in mone fall into this and 429 00:24:05,640 --> 00:24:11,640 Speaker 3: on average they make per month nine dollars. Ninety one 430 00:24:11,720 --> 00:24:15,800 Speaker 3: percent of people in money on average make nine dollars 431 00:24:15,840 --> 00:24:22,840 Speaker 3: per month. Obviously, the highest level, the senior executive director, 432 00:24:23,000 --> 00:24:25,600 Speaker 3: that is the big dog at the top of the pyramid. 433 00:24:26,200 --> 00:24:29,680 Speaker 3: Wait for this. On average, their monthly gross earnings are 434 00:24:29,720 --> 00:24:33,280 Speaker 3: seventy nine two hundred and six dollars. And these are 435 00:24:33,280 --> 00:24:34,800 Speaker 3: the ones that are going to sell you the dream, 436 00:24:34,880 --> 00:24:39,399 Speaker 3: right their senior executive directors. They are earning up to 437 00:24:39,560 --> 00:24:42,440 Speaker 3: because the highest annual gross earnings of a senior executive 438 00:24:42,480 --> 00:24:45,120 Speaker 3: director is one point six million dollars. That's a lot 439 00:24:45,119 --> 00:24:46,879 Speaker 3: of money. That is a lot a lot of money, 440 00:24:47,359 --> 00:24:52,120 Speaker 3: but that is point one percent of the company that's 441 00:24:52,240 --> 00:24:56,320 Speaker 3: actually unhinged. That is the top of the pyramid. Not 442 00:24:56,440 --> 00:24:59,600 Speaker 3: everyone can be top of the pyramid. In fact, if 443 00:24:59,720 --> 00:25:02,000 Speaker 3: you you wanted to join this and you think that 444 00:25:02,080 --> 00:25:04,520 Speaker 3: you are going to be able to outrank the person 445 00:25:04,600 --> 00:25:08,000 Speaker 3: that has recruited you, I would say good luck, because 446 00:25:08,040 --> 00:25:12,160 Speaker 3: if people are consistently outranking the person that recruited them, 447 00:25:12,400 --> 00:25:16,280 Speaker 3: the sustainability of the business model doesn't work. It doesn't work. 448 00:25:16,320 --> 00:25:20,040 Speaker 3: It falls down, Like the entire business model is built 449 00:25:20,520 --> 00:25:23,919 Speaker 3: to have most people being at that base level because 450 00:25:23,960 --> 00:25:26,680 Speaker 3: that's where the big dogs make the most money. They 451 00:25:26,720 --> 00:25:30,600 Speaker 3: need people below them. So back on track, I feel 452 00:25:30,600 --> 00:25:34,120 Speaker 3: like all of this is really interesting, but I feel 453 00:25:34,160 --> 00:25:37,200 Speaker 3: like the pandemic really supercharged this right with more people 454 00:25:37,200 --> 00:25:39,960 Speaker 3: who were working from home or losing their job. Sadly, 455 00:25:40,240 --> 00:25:43,440 Speaker 3: multi level marketing companies saw a massive spike in recruitment. 456 00:25:43,520 --> 00:25:46,320 Speaker 3: So there was a report done from the DSA and 457 00:25:46,400 --> 00:25:49,159 Speaker 3: it showed that there was a forty percent increase in 458 00:25:49,280 --> 00:25:53,160 Speaker 3: multi level marketing participation in twenty twenty. As people really 459 00:25:53,200 --> 00:25:56,639 Speaker 3: scrambled for flexible income streams or even just income streams 460 00:25:56,680 --> 00:26:01,160 Speaker 3: in general, social media became completely flooded with posts promising 461 00:26:01,240 --> 00:26:04,440 Speaker 3: work from home solutions and extra income during a time 462 00:26:04,480 --> 00:26:09,280 Speaker 3: of uncertainty, But for the vast majority, that extra income 463 00:26:09,560 --> 00:26:13,280 Speaker 3: never actually came. Again, reminding you, ninety one percent of 464 00:26:13,280 --> 00:26:16,920 Speaker 3: people in MONEE earn on average nine dollars a month. 465 00:26:17,200 --> 00:26:19,600 Speaker 3: That is a gross annual earning of one hundred and 466 00:26:19,600 --> 00:26:22,880 Speaker 3: fourteen dollars, and to join the company, it's a minimum 467 00:26:22,920 --> 00:26:26,600 Speaker 3: of three hundred dollars on a pack to join. Ninety 468 00:26:26,600 --> 00:26:29,199 Speaker 3: one percent of people who join money are at of 469 00:26:29,280 --> 00:26:33,240 Speaker 3: financial loss because they did so. Multi level marketing companies 470 00:26:33,320 --> 00:26:36,560 Speaker 3: prey on people's financial insecurities, kind of dangling them as 471 00:26:36,560 --> 00:26:38,640 Speaker 3: a carrot of success in front of them, but offering 472 00:26:38,920 --> 00:26:42,080 Speaker 3: literally nothing but a treadmill of recruitment and personal expenses. 473 00:26:42,880 --> 00:26:44,640 Speaker 3: They're going to tell you that you're running your own 474 00:26:44,640 --> 00:26:47,360 Speaker 3: business and that you're an entrepreneur and that you are 475 00:26:47,400 --> 00:26:49,879 Speaker 3: in control of your own life. But the reality is 476 00:26:49,960 --> 00:26:54,119 Speaker 3: you don't own a business. You are a glorified sales representative. 477 00:26:54,520 --> 00:26:58,000 Speaker 3: If that business goes down, your business in quotation marks 478 00:26:58,280 --> 00:27:01,520 Speaker 3: is done. Multi level marketing companies love to sell you 479 00:27:01,560 --> 00:27:03,320 Speaker 3: on this idea of being a boss babe or being 480 00:27:03,400 --> 00:27:05,880 Speaker 3: on an entrepreneur, but in reality, you don't have any 481 00:27:05,880 --> 00:27:08,879 Speaker 3: control over the product, the pricing, or even your customer base. 482 00:27:09,480 --> 00:27:14,000 Speaker 3: Multi level marketing companies mask this reality by offering titles 483 00:27:14,080 --> 00:27:22,160 Speaker 3: like independent consultant, market builder, marketing mentor, Associate executive director, 484 00:27:22,920 --> 00:27:27,240 Speaker 3: managing market mentor, and senior executive director b For real, 485 00:27:27,600 --> 00:27:29,640 Speaker 3: at the end of the day, you are a commissioned 486 00:27:29,720 --> 00:27:33,639 Speaker 3: salesperson without the security, without the salary, without the benefits 487 00:27:33,680 --> 00:27:36,119 Speaker 3: that come from a traditional sales job. I am getting 488 00:27:36,160 --> 00:27:37,959 Speaker 3: quite worked up. So we're going to take a very 489 00:27:38,040 --> 00:27:40,000 Speaker 3: quick break, and when we come back, I'm going to 490 00:27:40,080 --> 00:27:42,760 Speaker 3: show you how you can tell if an opportunity is 491 00:27:42,800 --> 00:27:45,320 Speaker 3: a real one or if it's a multi level marketing 492 00:27:45,359 --> 00:27:52,800 Speaker 3: company in disguise. So don't go anywhere all at my friends, 493 00:27:52,800 --> 00:27:56,080 Speaker 3: we are back and I am still quite mad about this. 494 00:27:56,800 --> 00:27:59,239 Speaker 3: So the question arises, how do we know if an 495 00:27:59,240 --> 00:28:02,680 Speaker 3: opportunity is a multi level marketing company? We don't want 496 00:28:02,680 --> 00:28:05,119 Speaker 3: to get swept up in that, So what they're going 497 00:28:05,160 --> 00:28:07,320 Speaker 3: to do is most likely refer to them as network 498 00:28:07,359 --> 00:28:11,240 Speaker 3: marketing or direct selling instead of multi level marketing. The 499 00:28:11,280 --> 00:28:13,600 Speaker 3: first thing I want you to be aware of is 500 00:28:13,640 --> 00:28:16,120 Speaker 3: this is it too good to be true? Test? If 501 00:28:16,119 --> 00:28:19,399 Speaker 3: someone is offering new financial freedom, flexible hours, and a 502 00:28:19,520 --> 00:28:22,840 Speaker 3: six figure income for minimal effort, my friend, that is 503 00:28:22,840 --> 00:28:25,400 Speaker 3: a red flag. Please remember that if it sounds too 504 00:28:25,480 --> 00:28:29,600 Speaker 3: good to be true, it probably is. Real businesses don't 505 00:28:29,600 --> 00:28:33,400 Speaker 3: offer quick money for doing almost nothing. Honestly, if it did, 506 00:28:33,520 --> 00:28:36,720 Speaker 3: I'd already be all over that. Let's be honest. As 507 00:28:36,760 --> 00:28:39,120 Speaker 3: a business owner, of course, I would like to do 508 00:28:39,240 --> 00:28:43,160 Speaker 3: less for more. If Jeff bezovs it didn't get rich overnight, 509 00:28:43,440 --> 00:28:45,720 Speaker 3: I'm sorry, but the chances are that you will is 510 00:28:45,760 --> 00:28:48,680 Speaker 3: not there. What I want you to do as well is, 511 00:28:48,680 --> 00:28:50,840 Speaker 3: if you're thinking about this, I need you to look 512 00:28:50,880 --> 00:28:54,400 Speaker 3: at the income disclosure statements. Multi level marketing companies are 513 00:28:54,480 --> 00:28:58,880 Speaker 3: legally required to provide income disclosure statements. These are like 514 00:28:59,000 --> 00:29:02,040 Speaker 3: I guess, the company's report card, telling you how much 515 00:29:02,080 --> 00:29:05,400 Speaker 3: participants actually make. If you ever feel tempted, look at 516 00:29:05,400 --> 00:29:09,240 Speaker 3: their income stats. A tiny fraction make any profit and 517 00:29:09,280 --> 00:29:11,560 Speaker 3: the rest are left paying for those business starter kits. 518 00:29:12,200 --> 00:29:15,200 Speaker 3: Back to the income statement that I was very easily 519 00:29:15,240 --> 00:29:18,120 Speaker 3: able to download straight from the Mona website, I would 520 00:29:18,160 --> 00:29:20,600 Speaker 3: like to remind you that ninety one percent of people 521 00:29:20,640 --> 00:29:24,480 Speaker 3: who have joined Monay as a market partner made nine 522 00:29:24,560 --> 00:29:28,240 Speaker 3: dollars this month. That does not cover the cost of 523 00:29:28,280 --> 00:29:31,040 Speaker 3: their business starter kit. The next thing I want you 524 00:29:31,120 --> 00:29:34,320 Speaker 3: to be aware of is the cult vibes. We all 525 00:29:34,360 --> 00:29:37,280 Speaker 3: know them. You've seen them on social media. It's fully 526 00:29:37,400 --> 00:29:41,120 Speaker 3: cult vibes. Multi level marketing companies love to sell a 527 00:29:41,200 --> 00:29:44,080 Speaker 3: sense of belonging. They're gonna call you boss, babe, They're 528 00:29:44,120 --> 00:29:46,760 Speaker 3: gonna call you the team, which makes no sense to 529 00:29:46,800 --> 00:29:49,800 Speaker 3: me because how are you joining a team if you're 530 00:29:49,840 --> 00:29:53,400 Speaker 3: owning your own business, make it make sense. They want 531 00:29:53,400 --> 00:29:55,600 Speaker 3: to make you feel like part of a team, and 532 00:29:55,640 --> 00:29:58,000 Speaker 3: they're gonna shower you with the hashtag girl boss love. 533 00:29:58,880 --> 00:30:01,800 Speaker 3: But behind all the thing Facebook groups and Instagram stories 534 00:30:01,800 --> 00:30:06,320 Speaker 3: and WhatsApp chats, there is relentless pressure to recruit. It's 535 00:30:06,360 --> 00:30:09,960 Speaker 3: not real support, it's them wanting to make money for themselves, 536 00:30:10,040 --> 00:30:12,880 Speaker 3: because if they're nice to you because they recruited you, 537 00:30:12,880 --> 00:30:17,080 Speaker 3: you're going to recruit other people, which ultimately benefits them. 538 00:30:17,400 --> 00:30:20,360 Speaker 3: If a community feels more like a recruitment drive, my friend, 539 00:30:20,400 --> 00:30:23,360 Speaker 3: it is time to run. The Next thing I want 540 00:30:23,400 --> 00:30:26,160 Speaker 3: you to do quick Google search. Before we get involved 541 00:30:26,160 --> 00:30:27,840 Speaker 3: in any business. What I want you to do is 542 00:30:27,920 --> 00:30:32,200 Speaker 3: type in the company name and the word scam, or 543 00:30:32,280 --> 00:30:35,719 Speaker 3: the company name and the word lawsuit. It'd be surprised 544 00:30:35,800 --> 00:30:39,080 Speaker 3: how many multi level marketing companies have been involved in 545 00:30:39,120 --> 00:30:43,280 Speaker 3: lawsuits or regulatory issues. A little detective work is going 546 00:30:43,280 --> 00:30:45,400 Speaker 3: to be able to save you from signing up to 547 00:30:45,440 --> 00:30:49,120 Speaker 3: something that's already sinking. The next thing I want you 548 00:30:49,200 --> 00:30:51,320 Speaker 3: to do is ask questions about the product. If the 549 00:30:51,360 --> 00:30:54,200 Speaker 3: business seems to care more about you recruiting others than 550 00:30:54,240 --> 00:30:57,040 Speaker 3: selling an actual product, it's a massive red flag. A 551 00:30:57,160 --> 00:31:01,360 Speaker 3: legitimate business should be built on product sales, not ongrowing 552 00:31:01,400 --> 00:31:05,000 Speaker 3: a team of people who recruit more people. Have you 553 00:31:05,040 --> 00:31:07,400 Speaker 3: seen all the boss babes online? How many times are 554 00:31:07,440 --> 00:31:11,040 Speaker 3: they posting about their actual shampoo as opposed to Hey, 555 00:31:11,200 --> 00:31:12,040 Speaker 3: join my team? 556 00:31:12,240 --> 00:31:12,440 Speaker 1: Hey? 557 00:31:12,520 --> 00:31:14,440 Speaker 3: Have you ever wanted a community around you? 558 00:31:14,680 --> 00:31:14,880 Speaker 1: Hey? 559 00:31:14,960 --> 00:31:16,760 Speaker 3: Are you a stay at home mum? And don't have 560 00:31:16,840 --> 00:31:20,800 Speaker 3: the support you deserve. All of those recruitment posts clearly 561 00:31:20,840 --> 00:31:23,920 Speaker 3: outweigh the product posts, and it is so toxic. It 562 00:31:24,000 --> 00:31:26,720 Speaker 3: is not funny. If the product is feeling like an afterthought, 563 00:31:26,720 --> 00:31:30,360 Speaker 3: I can almost guarantee it's not a solid opportunity. The 564 00:31:30,400 --> 00:31:33,000 Speaker 3: next thing I want you to do is consider upfront costs. 565 00:31:33,640 --> 00:31:36,240 Speaker 3: I mean, we all know it costs money to start 566 00:31:36,280 --> 00:31:38,160 Speaker 3: a business, and these companies are going to tell you 567 00:31:38,200 --> 00:31:41,360 Speaker 3: that all businesses cost money to start, but multi level 568 00:31:41,360 --> 00:31:44,520 Speaker 3: marketing companies often require you to buy a starter kit 569 00:31:44,600 --> 00:31:46,720 Speaker 3: or a bunch of products up front before you are 570 00:31:46,760 --> 00:31:50,240 Speaker 3: even able to consider joining the business. Real businesses don't 571 00:31:50,320 --> 00:31:53,200 Speaker 3: ask you to fork out hundreds, if not thousands of 572 00:31:53,240 --> 00:31:56,120 Speaker 3: dollars before you've even started earning money. If you're told 573 00:31:56,160 --> 00:31:59,320 Speaker 3: you need to invest in yourself to succeed, there's a translation. 574 00:31:59,440 --> 00:32:01,719 Speaker 3: We want your money, we want it fast. It's not 575 00:32:01,760 --> 00:32:04,960 Speaker 3: going to benefit you. The next thing I want you 576 00:32:05,000 --> 00:32:07,440 Speaker 3: to consider is before diving in, I want you to 577 00:32:07,480 --> 00:32:09,920 Speaker 3: talk to someone who isn't part of that multi level 578 00:32:09,920 --> 00:32:13,640 Speaker 3: marketing company. Often, once you're inside, it's really hard to 579 00:32:13,680 --> 00:32:16,959 Speaker 3: get unbiased information because everyone is trying to recruit you 580 00:32:17,040 --> 00:32:19,720 Speaker 3: or push you to sell more. Look for a mutual 581 00:32:19,840 --> 00:32:22,760 Speaker 3: perspective who can help you see through all of this hype. 582 00:32:23,080 --> 00:32:25,680 Speaker 3: And if your mentor tells you not to talk to 583 00:32:25,720 --> 00:32:28,560 Speaker 3: outsiders yet, my friends, that is a red flag. I 584 00:32:28,720 --> 00:32:35,680 Speaker 3: literally reposted a post from a Monai conference where there 585 00:32:35,720 --> 00:32:38,040 Speaker 3: were men on stage, which made me laugh because it's 586 00:32:38,040 --> 00:32:40,920 Speaker 3: a woman empowering conference, but there were medioca middle aged 587 00:32:40,920 --> 00:32:44,080 Speaker 3: white men sitting on stage, and the question that they 588 00:32:44,080 --> 00:32:47,240 Speaker 3: are answering, because it is on the giant screen behind them, 589 00:32:47,520 --> 00:32:50,720 Speaker 3: is what actions can I take to overcome my husband 590 00:32:50,800 --> 00:32:55,360 Speaker 3: or my partner's skepticism about my new business? My friend, 591 00:32:55,400 --> 00:32:58,640 Speaker 3: if your partner is skeptical about your business, there's a 592 00:32:58,640 --> 00:33:01,400 Speaker 3: few things that we need to address you. One, we 593 00:33:01,440 --> 00:33:04,680 Speaker 3: want supportive partners only. If your partner is super skeptical 594 00:33:04,720 --> 00:33:07,000 Speaker 3: of something that you are starting to me, that could 595 00:33:07,040 --> 00:33:10,880 Speaker 3: be a red flag. Absolutely, But if it is a 596 00:33:10,960 --> 00:33:14,040 Speaker 3: legitimate business and they are skeptical, that's where you need 597 00:33:14,080 --> 00:33:16,239 Speaker 3: to educate them and share that with them. But if 598 00:33:16,280 --> 00:33:19,160 Speaker 3: they are skeptical because they are like Victoria, you are 599 00:33:19,160 --> 00:33:21,760 Speaker 3: investing money that you are going to lose. Victoria, this 600 00:33:21,800 --> 00:33:23,880 Speaker 3: is a scam. Those are things that we should be 601 00:33:23,920 --> 00:33:27,400 Speaker 3: listening to. My husband has been nothing but supportive of 602 00:33:27,440 --> 00:33:30,560 Speaker 3: me and my business journey because it's understandable and it 603 00:33:30,680 --> 00:33:34,360 Speaker 3: makes sense. On the flip side, if your partner is 604 00:33:34,440 --> 00:33:36,840 Speaker 3: calling something out as a red flag and you're not 605 00:33:36,920 --> 00:33:39,240 Speaker 3: listening to them, why are you not listening to them? 606 00:33:40,120 --> 00:33:41,840 Speaker 3: The next thing I want you to have a look 607 00:33:41,880 --> 00:33:45,040 Speaker 3: at is the product shelf life here is a smart one. 608 00:33:45,560 --> 00:33:48,200 Speaker 3: I want you to consider how often you or anyone 609 00:33:48,240 --> 00:33:51,640 Speaker 3: would actually buy this product. Are people going to keep 610 00:33:51,680 --> 00:33:55,120 Speaker 3: paying for really expensive protein shakes or essential oils every 611 00:33:55,160 --> 00:33:58,320 Speaker 3: single month? If the answer is no, you're probably going 612 00:33:58,400 --> 00:34:01,400 Speaker 3: to end up with boxes of unsigne inventory gathering dust 613 00:34:01,400 --> 00:34:05,000 Speaker 3: in your garage. The next thing that I want to 614 00:34:05,040 --> 00:34:08,560 Speaker 3: talk about is, let's just really understand your financial reality. 615 00:34:08,719 --> 00:34:11,440 Speaker 3: Multi level marketing companies prey on people who need extra 616 00:34:11,520 --> 00:34:15,120 Speaker 3: cash and then promise them the world before diving in. 617 00:34:15,200 --> 00:34:17,879 Speaker 3: I want you to look at your financial situation. Can 618 00:34:17,920 --> 00:34:20,719 Speaker 3: you actually afford to take this risk. What blows my 619 00:34:20,800 --> 00:34:24,040 Speaker 3: mind the most, and this pisces me off so much, 620 00:34:24,600 --> 00:34:26,879 Speaker 3: is there are multi level marketing girl is out there 621 00:34:26,920 --> 00:34:30,320 Speaker 3: promoting this lifestyle when I know that they are married 622 00:34:30,360 --> 00:34:32,920 Speaker 3: to a male with an incredibly high income, so they 623 00:34:32,960 --> 00:34:35,800 Speaker 3: don't actually need to earn an income. So they're promoting 624 00:34:35,840 --> 00:34:39,200 Speaker 3: all of these things, growing their girl boss world when 625 00:34:39,239 --> 00:34:42,360 Speaker 3: the reality is they are not reliant on that income. 626 00:34:42,360 --> 00:34:44,239 Speaker 3: But they will convince you that you need to be. 627 00:34:45,440 --> 00:34:49,440 Speaker 3: Multi level marketing participants lose more money than they gain, 628 00:34:49,800 --> 00:34:52,000 Speaker 3: So what I would be doing is not vetting my 629 00:34:52,040 --> 00:34:54,960 Speaker 3: grocery money on a promise that is more about recruitment 630 00:34:55,040 --> 00:34:58,000 Speaker 3: than results. I need you to also remember that you, 631 00:34:58,120 --> 00:35:02,239 Speaker 3: my friend, are not the product. Level marketings sell your lifestyle. 632 00:35:02,280 --> 00:35:04,640 Speaker 3: They're going to sell you the dream, the freedom, the 633 00:35:04,719 --> 00:35:08,760 Speaker 3: flexibility being your own boss. But what they're really selling 634 00:35:08,840 --> 00:35:12,840 Speaker 3: is you, or rather they're using you to recruit other people, 635 00:35:13,520 --> 00:35:15,520 Speaker 3: because at the end of the day, the person who 636 00:35:15,560 --> 00:35:18,000 Speaker 3: benefits the most is the person at the top of 637 00:35:18,200 --> 00:35:21,960 Speaker 3: the pyramid. If the focus shifts from the product to 638 00:35:22,080 --> 00:35:24,520 Speaker 3: you being the success story for others to follow. It's 639 00:35:24,560 --> 00:35:27,560 Speaker 3: time to walk away. You're worth more than being somebody 640 00:35:27,600 --> 00:35:31,040 Speaker 3: else's recruitment tool. If you're in a multi level marketing 641 00:35:31,080 --> 00:35:33,440 Speaker 3: company and you're feeling like it's time to step away, 642 00:35:33,920 --> 00:35:37,160 Speaker 3: the process can seem daunting and overwhelming, but it is 643 00:35:37,520 --> 00:35:42,640 Speaker 3: entirely possible to leave and reclaim your financial and emotional wellbeing. 644 00:35:43,320 --> 00:35:45,440 Speaker 3: From my perspective, it's crucial that you're going to be 645 00:35:45,440 --> 00:35:48,360 Speaker 3: able to see that wanting to leave isn't a sign 646 00:35:48,480 --> 00:35:52,680 Speaker 3: of failure. It's actually a sign of insight and reflection 647 00:35:53,160 --> 00:35:57,200 Speaker 3: that you deserve. Multi level marketing companies are structured to 648 00:35:57,239 --> 00:36:02,080 Speaker 3: benefit those only at the top, and most participants, through 649 00:36:02,280 --> 00:36:05,520 Speaker 3: literally no fault of their own, end up losing more 650 00:36:05,560 --> 00:36:08,759 Speaker 3: money than they make. It's like getting a credit card. 651 00:36:08,800 --> 00:36:11,480 Speaker 3: Nobody gets a credit card with the intention of going 652 00:36:11,520 --> 00:36:14,480 Speaker 3: into thousands of dollars of crippling debt. The same with 653 00:36:14,560 --> 00:36:18,160 Speaker 3: multi level marketing companies. Nobody joins thinking, oh, I'm just 654 00:36:18,200 --> 00:36:20,520 Speaker 3: going to remain at that market partner level and earn 655 00:36:20,600 --> 00:36:24,360 Speaker 3: nine dollars a month. Literally, people are earning nine dollars 656 00:36:24,400 --> 00:36:27,560 Speaker 3: a month and slaving away over social media. They're making 657 00:36:27,640 --> 00:36:30,719 Speaker 3: videos every day. They are ruining their relationships with their 658 00:36:30,719 --> 00:36:34,040 Speaker 3: friends and families. What for nine dollars a month. Nobody 659 00:36:34,120 --> 00:36:36,600 Speaker 3: joined because they thought that they'd only make nine dollars 660 00:36:36,640 --> 00:36:39,600 Speaker 3: a month. They joined because they saw the senior executive 661 00:36:39,640 --> 00:36:42,800 Speaker 3: director talking about how there are millionaires in this company. 662 00:36:43,600 --> 00:36:45,960 Speaker 3: That's not going to be the reality of most people. 663 00:36:46,239 --> 00:36:49,879 Speaker 3: And you need to accept this reality that maybe you're 664 00:36:49,920 --> 00:36:53,040 Speaker 3: losing more than just money. You need to accept that 665 00:36:53,120 --> 00:36:55,960 Speaker 3: reality because it can be super liberating, and he's honestly 666 00:36:56,000 --> 00:36:58,680 Speaker 3: the first step to moving forward. I would start by 667 00:36:58,719 --> 00:37:02,600 Speaker 3: taking stock of your financial situation. Can you calculate exactly 668 00:37:02,600 --> 00:37:05,200 Speaker 3: how much you've invested into this multi level marketing company, 669 00:37:05,239 --> 00:37:08,160 Speaker 3: including the starter kit, the products, and ongoing fees, so 670 00:37:08,200 --> 00:37:11,160 Speaker 3: that you can actually understand where you're standing. The other 671 00:37:11,200 --> 00:37:13,080 Speaker 3: thing I would do, and this is really hard, because 672 00:37:13,160 --> 00:37:17,799 Speaker 3: multi level marketing companies they really prey on your need 673 00:37:17,880 --> 00:37:21,560 Speaker 3: for community and connection. I want you to disconnect from 674 00:37:21,680 --> 00:37:24,480 Speaker 3: multi level marketing related social media groups that might be 675 00:37:24,520 --> 00:37:27,600 Speaker 3: pressuring you to stay involved or giving yourself emotional space 676 00:37:27,640 --> 00:37:30,560 Speaker 3: to reflect without influence from your upline. It can be 677 00:37:30,600 --> 00:37:32,880 Speaker 3: really helpful to let your upline or a recruit or 678 00:37:32,920 --> 00:37:35,040 Speaker 3: know that you're stepping away, but honestly, they're just going 679 00:37:35,080 --> 00:37:38,160 Speaker 3: to pressure you. So do not feel pressured to justify 680 00:37:38,200 --> 00:37:41,560 Speaker 3: the decision that you are making. Keep the conversation clear 681 00:37:41,640 --> 00:37:44,680 Speaker 3: and really firm. You do not owe anyone an explanation 682 00:37:44,880 --> 00:37:47,439 Speaker 3: beyond stating that it is no longer a good fit 683 00:37:47,480 --> 00:37:51,680 Speaker 3: for you. If legal contracts or obligations feel really complicated, 684 00:37:52,040 --> 00:37:55,840 Speaker 3: you can seek advice from a legal professional. Finally, I 685 00:37:55,920 --> 00:37:58,160 Speaker 3: want you to reconnect with your friends and your family 686 00:37:58,200 --> 00:38:01,640 Speaker 3: outside of multi level marketing and consider maybe some more 687 00:38:01,760 --> 00:38:06,080 Speaker 3: sustainable opportunities, whether it's freelancing, or taking some courses or 688 00:38:06,120 --> 00:38:09,880 Speaker 3: even starting a traditional business. There are helpless pathways to 689 00:38:09,920 --> 00:38:14,640 Speaker 3: financial independence that do not involve the MLM. Girl Boss Grind. 690 00:38:15,280 --> 00:38:17,600 Speaker 3: I feel like there's honestly so much to unpack when 691 00:38:17,640 --> 00:38:20,000 Speaker 3: it comes to these really predatory business models, and this 692 00:38:20,120 --> 00:38:24,400 Speaker 3: episode was about kind of introducing you talking about the concept. 693 00:38:24,760 --> 00:38:27,040 Speaker 3: And I know that you feel the same because the 694 00:38:27,080 --> 00:38:29,759 Speaker 3: messages that I have received have been in the hundreds 695 00:38:29,880 --> 00:38:32,680 Speaker 3: this week. It's clear that we have all been affected 696 00:38:32,880 --> 00:38:35,040 Speaker 3: or we know someone who's been pulled into the web 697 00:38:35,080 --> 00:38:38,600 Speaker 3: of false promises and lies and the misleading recruitment tactics. 698 00:38:38,760 --> 00:38:41,319 Speaker 3: So we are going to dive a lot deeper into 699 00:38:41,320 --> 00:38:43,960 Speaker 3: how these schemes operate and how you can protect yourself 700 00:38:44,000 --> 00:38:46,719 Speaker 3: and your loved ones from falling into the trap. In 701 00:38:46,760 --> 00:38:50,080 Speaker 3: an upcoming episode. I am so excited. I have a 702 00:38:50,120 --> 00:38:52,840 Speaker 3: woman called Emily Lynn Paulson, who is the author of 703 00:38:53,000 --> 00:38:56,760 Speaker 3: Hayhun The Sales, Sisterhood and Supremacy and the Other Lies 704 00:38:56,800 --> 00:39:01,160 Speaker 3: behind multi level Marketing join us. He's the which I 705 00:39:01,160 --> 00:39:03,560 Speaker 3: think is actually so cool and why I reached out 706 00:39:03,600 --> 00:39:05,920 Speaker 3: to have her on the show. Emily made more than 707 00:39:05,920 --> 00:39:09,080 Speaker 3: a million dollars through her involvement in a multi level 708 00:39:09,080 --> 00:39:12,440 Speaker 3: marketing company and she still believes that the model is 709 00:39:12,560 --> 00:39:15,439 Speaker 3: deeply harmful. If that doesn't tell you that they're bad, 710 00:39:15,520 --> 00:39:18,239 Speaker 3: I don't know what does. I think it's going to 711 00:39:18,280 --> 00:39:21,000 Speaker 3: be super juicy, So I recommend that you hit subscribe 712 00:39:21,040 --> 00:39:23,080 Speaker 3: and don't miss a thing. But I'm off two scroll 713 00:39:23,120 --> 00:39:25,640 Speaker 3: TikTok and probably fall down a rabbit hole of watching 714 00:39:25,680 --> 00:39:28,640 Speaker 3: multi level marketing content and I just can't look away. 715 00:39:28,719 --> 00:39:30,920 Speaker 3: There is so much content I want to share because 716 00:39:30,920 --> 00:39:33,920 Speaker 3: I feel like this space needs to change. Heremid schemes 717 00:39:33,920 --> 00:39:36,719 Speaker 3: here in Australia are illegal and from all of the 718 00:39:36,719 --> 00:39:40,040 Speaker 3: research I'm doing, I genuinely believe that multi level marketing 719 00:39:40,080 --> 00:39:42,880 Speaker 3: companies should be too. So keep an eye on this space, 720 00:39:42,960 --> 00:39:44,680 Speaker 3: keep an eye on the pod, and keep an eye 721 00:39:44,719 --> 00:39:47,480 Speaker 3: on my Instagram stories because they arguably more unhinged than 722 00:39:47,520 --> 00:39:50,480 Speaker 3: the podcasts I pull together, which involve a lot of nuance. 723 00:39:50,760 --> 00:39:58,840 Speaker 3: So see your friends have a great weekend, they ad 724 00:39:58,920 --> 00:40:01,200 Speaker 3: by shared on she Es on the Money is general 725 00:40:01,239 --> 00:40:05,080 Speaker 3: in nature and does not consider your individual circumstances. She's 726 00:40:05,120 --> 00:40:08,600 Speaker 3: on the Money exists purely for educational purposes and should 727 00:40:08,640 --> 00:40:11,800 Speaker 3: not be relied upon to make an investment or financial decision. 728 00:40:12,200 --> 00:40:14,440 Speaker 3: If you do choose to buy a financial. 729 00:40:14,000 --> 00:40:18,000 Speaker 4: Product, read the PDS TMD and obtain appropriate financial. 730 00:40:17,560 --> 00:40:19,360 Speaker 3: Advice tailored towards your needs. 731 00:40:19,719 --> 00:40:23,680 Speaker 4: Victoria Divine and She's on the Money are authorized representatives 732 00:40:23,719 --> 00:40:27,839 Speaker 4: of money. Sheper pty ltd ABN three two one six 733 00:40:27,920 --> 00:40:31,799 Speaker 4: four nine two seven seven zero eight AFSL four five 734 00:40:31,880 --> 00:40:39,560 Speaker 4: one two eight nine