new MTM scam?

[Oh Haha]

I was given a CD by a customer today. It is a motivational meeting in which the guy speaking tells you about how much wealth can be had through the Internet.
Powerwave is a key word he uses.
This ring a bell with anyone?
It sure seems like Amway all over again.
Thanks for your opinions,
Wayne

[RickM]

Hmm, kind of stinks right off he bat.

Making money on the Internet or anywhere else takes a lot of hard work...which doesn't always pay off.

[Oh Haha]

It smelled from the time he asked me"Are you interested in making some extra money?
The guy has a hot rod shop similiar to Boyd Coddington's(not as big). I thought maybe he wanted some help around the shop. COOL.
I told him I would listen to the CD and get back to him.
BTW, I would like to work 10 hours a week and make more than $125,000 a year. Uh,yeah I'll get right on that.
Wayne

[widebody911]

Originally posted by Oh Haha
I was given a CD by a customer today. It is a motivational meeting in which the guy speaking tells you about how much wealth can be had..

That's really as far as you needed to go before answering 'yes' to your own question.

[tabs]

Hey I work 0 hours a week and that spelled Capital Z small e small r small o....and make that kind of money.....Yawn Ohh which buffet will I go to tonight?

[legion]

I had a guy approach me at a gas station a few years ago (when I had my 2000 Grand Am) and start out with "Wow! Nice car."

True, the car was well-kept, but even I didn't think it was worth a walk across a gas station for. He handed me a business card and asked if he could meet me the next day for lunch at a local restaurant. I said "sure".

So I meet the guy the next day, he has a fancy little binder with flip charts and such and gives the spiel about how this "business" has "unlimited earning potential". He also didn't order any lunch. (I guess he didn't have the cash flow yet...)

The first thing that always strikes me about these schemes is that you are rewarded more for recruiting other people than for actually selling stuff. The second thing is that there is not "unlimited earning potential". Assuming everyone on the planet is willing to sign up, you'd eventually hit that limit. The truth is that far less people are willing to sign up, and about everyone who is willing (read: stupid) enough to sign up for these for the most part already has.

BTW, what the heck do you do tabs? I'm guessing that maybe you're sitting on a lump of well-earned cash and living of the returns?

[RickM]

Originally posted by legion

He handed me a business card and asked if he could meet me the next day for lunch at a local restaurant. I said "sure".

I'm scared right there

The first thing that always strikes me about these schemes is that you are rewarded more for recruiting other people than for actually selling stuff.

He's tired of the guy who recruited him expecting sales. He wants a tem under him to do that.


The second thing is that there is not "unlimited earning potential". Assuming everyone on the planet is willing to sign up, you'd eventually hit that limit.

You just described a Pyramid

BTW, what the heck do you do tabs?

Buffetoligist


[/B]

[legion]

Keep in mind that I live in a relatively small town in the middle of corn fields. It's not uncommon for people to chat with strangers at the gas pump. I'd have ran if I was in the Chicago area.

I have a friend that is a Buffettologist--but that involves following some Reefers in a shark bus.

[Moneyguy1]

The only folks who really make out are the ones that came up with the idea in the first place.

How to make a small fortune for very little investment: Take out an ad stating that you have a method for increasing an individual's income by $1,000 a week. Charge $10. Send each one that sends you the ten dollars a simple brochure instructing them on how to put together their own simple brochure and how to take out an ad stating that they have a method for increasing their income by $1,000 a week. All they need are 100 people to respond per week.

[john70t]

All I want is just a single little dollar from everyone in the U.S....o.k., well mabye just everyone in Michigan. Then it's off to retirement on a warm tax-free island.
Hmm, all I need to do is set up a break-even buisness and somehow charge a hidden dollar fee for breaking an obscure line-item rule......

[Oh Haha]

It's too bad this guy brought this up to me. I really admired his work on the project cars he had. I know it doesn't mean he is a bad person but I lost some respect for him. Oh well, life goes on.
thanks guys,
Wayne

[kumma]

Originally posted by Oh Haha
The guy has a hot rod shop similiar to Boyd Coddington's(not as big). I thought maybe he wanted some help around the shop. COOL.

what hot rod shops are there in michigan like Boyds? just curious?

[Oh Haha]

He does concept cars and restorations.
Just so I am not misunderstood, his shop is smaller but does the same TYPE of jobs.
I bought a nice stainless exhaust tip from him for my SC.
Wayne

[VaSteve]

Originally posted by legion

So I meet the guy the next day, he has a fancy little binder with flip charts and such and gives the spiel about how this "business" has "unlimited earning potential". He also didn't order any lunch. (I guess he didn't have the cash flow yet...)

I fell for that twice when I was younger. Not so much the not getting the free lunch, but the humiliation of sitting there and not ordering more than a Coke. The mgr came by and said something as well. That's what starbucks is for!

Of course it was Amway and this guy lived the Amway life. Smelled like the soap aisle at Kroger. At least he showered.


This was the second guy and he lent me some of his sales literature probbaly against Amway rules. He and thre privious woman were following it to a T!

1. Meet prospect and offer invitiation to make some extra money helping to expand their company. (you say "yes") Quickly exit.
2. Call prospect and offer to meet, but offer no further information on the phone.
3. Meet and not buy lunch (this part I made up but they both did it).
4. Never mention "Amway" always Wanker Associates or Dumbass & Co. (the name of your firm).

Wait till you see the nice bound book with the "Diamonds" - those who are living the dream. No s----, they take these status pic with their 60 year old wives, 2 RVs and 14 cars in front of their mansion overlooking the pacific ocean. If you don't believe me, hear out one of these pitches. In a weird way, I'm kinda obsessed with it. sorta like the mob. Works underground. Nobody here in DC (that I know) does Amway, but they have a network out there somewhere.... And they know they have a bad rep. Really you only end up buying the stuff you use because all your friends hate you for trying to sell them stuff.

Third time, using the skillls I picked up from the book, I was able to spot the guy coming. I had him signed up the my business.
He was pushing Quixtar - the online Amway (actually related to Amway), which in 1999 hadn't even launched. Works the same way, just online.

[Oh Haha]

vasteve, you got it!
that Quickstar, Quxtar, whatever the he&* it is.
i figured some one else out there knew what i was talking about.
i 'll put my money into my 911 thank you very much.
See ya around,
Wayne

[azasadny]

My brother-in-law did really well in Excel (MLM Telecommunications racket), but several years ago it was bought out by a Canadian telecom company and they just filed for bankruptcy and closed down operations, so there goes his "lifetime redisual income"...

[bryanthompson]

It'd be freakin' hilarious if you could really spot these people coming, and it's tough because they try to blend in... but anyway, if you saw him coming, and just before he started talking, rush over and shake his hand, smile big and say, "Hey, how'd you like to make $10,000 a month working only ten hours a week?"

See if you can snag him... obviously someone snagged him before, maybe he'll fall for it again.

[MotoSook]

Legion: I live in the Chicago suburbs and I have been approached by many cult-marketers. Gas stations, bookstores, toystores,...I can smell them coming now, so I just have fun with them and challenge them. I'm sure there is a training class for those guys on how to target people...I must be a good target. If they want to waste my time when I'm browsing for a good book or toys for the kids...then I can give them hell...

[VaSteve]

Originally posted by Souk
Legion: I live in the Chicago suburbs and I have been approached by many cult-marketers. Gas stations, bookstores, toystores,...I can smell them coming now, so I just have fun with them and challenge them. I'm sure there is a training class for those guys on how to target people...I must be a good target. If they want to waste my time when I'm browsing for a good book or toys for the kids...then I can give them hell...

They got my boss once. Somehow they got his name while he was at the grocery store. (I usually don't give out my last name to people in the produce aisle, what the hell was he doing?) The guy had the ballz to look him up in the phone book and call him. Can you say, um, stalker?