User Tag List

Page 2 of 2 FirstFirst 1 2
Results 16 to 25 of 25
Like Tree49Likes

Thread: MLMs sending people into debt and psychological crisis

  1. #16
    Sith Lady and Cool Kid Darth Penguin's Avatar
    Join Date
    May 2011
    Location
    In the verge of indecision
    Posts
    13,847
    Likes Received
    15140
    Trading Score
    20 (100%)




    Jamberry, nail wrap seller, shuts down leaves thousands of sales reps in a jam

    Jamberry, a multilevel marketer of nail wraps and other beauty products, faces accusations of stiffing thousands of nonemployee salespeople after the company informed employees in a late-night email Wednesday that it was their "last official day" of work.
    "Please come to the ... office at Noon on Thursday for a discussion on what this means regarding health insurance, 401K, and other benefits," Mark Brown, Jamberry's vice president of human resources, wrote in an email provided to CBS MoneyWatch.
    The fate of Jamberry's more than 50,000 nonemployee sales consultants isn't clear. A memo sent to consultants Thursday afternoon confirmed that the Utah-based company is in "foreclosure" and that "any product, gift cards, swag, marketing or event purchases made prior to 11:59 p.m. MT on June 28, 2018, are ineligible for (a) refund from Jamberry." The company scrapped plans for an "International Conference" planned for the Gaylord Resort in Nashville, Tennessee, for later this year. It also scrapped "incentive trips" to Costa Rica and Thailand for top performers.
    Last edited by Darth Penguin; Thu, Jun 28th, 2018 at 11:53 PM. Reason: eta sales reps not slaves reps
    Ciel likes this.


    Short answer : no Long answer : NOOOOOOOOOOO!

    Welcome to the Penguinocracy..One Penguin, One vote..I am The Penguin..I have the One Vote

  2. #17
    Dancing bean paste bun Ciel's Avatar
    Join Date
    Jul 2009
    Location
    Ontario
    Posts
    14,055
    Likes Received
    18801
    Trading Score
    12 (100%)




    What a hard way to find out that they are out of cash and trips. Says a lot about the management for keeping the news delayed so long from the consultants.
    Shwa Girl and Darth Penguin like this.
    Where is the snack food buffet?

  3. #18
    Sith Lady and Cool Kid Darth Penguin's Avatar
    Join Date
    May 2011
    Location
    In the verge of indecision
    Posts
    13,847
    Likes Received
    15140
    Trading Score
    20 (100%)




    15 biggest lies about Multi level marketing companies you need to stop believing

    You’ve probably seen some of your friends advertising MLM products on Facebook or texting you out of the blue asking if you’d be interested in a “unique business opportunity.” But are these MLM businesses legit, or are they pyramid schemes? And most importantly – is anyone getting rich from them?

    Multi-level marketing, also known as direct selling or network marketing, has become a popular way for people to make extra money on the side. Amway is one of the oldest and most successful MLM businesses – but they also have several lawsuits pending and plenty of unhappy former sales reps.

    There’s a lot of information out there about MLM companies, but not everything is accurate. Ahead, discover the biggest lies about multi-level marketing companies you need to stop believing.

    Tommycoupons and dededi like this.


    Short answer : no Long answer : NOOOOOOOOOOO!

    Welcome to the Penguinocracy..One Penguin, One vote..I am The Penguin..I have the One Vote

  4. #19
    Sith Lady and Cool Kid Darth Penguin's Avatar
    Join Date
    May 2011
    Location
    In the verge of indecision
    Posts
    13,847
    Likes Received
    15140
    Trading Score
    20 (100%)




    The 10 ugly truths MLMs don't want you to know


    Many MLM reps love to describe themselves as ‘business owners’ (or a #BossBabe) and will even emotionally blackmail family and friends into supporting them as a ‘small business’. But they’re not business owners – they’re unpaid sales reps.
    Unlike a real business owner they don’t get to choose their own product range, and they can’t shop around suppliers for the best deals. Instead they’re stuck with the products and prices available from their MLM. They also can’t decide what profit margin they want to make – their commission level is decided for them.
    It’s not even as if they’ve bought a franchise and have the exclusive rights to sell in a particular area. Instead, they’re often competing with any number of reps selling identical products at identical prices in a saturated market.
    They also have no say on basic business decisions like returns and refunds, relying instead on what policy their MLM decide to adopt (and as we’ve seen with clothing MLM LuLaRoe, this can change overnight, with expensive consequences).
    Reps are even often told what to post and how often on social media (and are told off if their personal social media posts don’t reflect the positive image the company wishes their reps to project).
    In fact it’s hard to see in what way an MLM rep can possibly imagine they’re a business owner! They’re much more like unpaid sales reps with no guaranteed income, or employee benefits such as holiday pay.


    Short answer : no Long answer : NOOOOOOOOOOO!

    Welcome to the Penguinocracy..One Penguin, One vote..I am The Penguin..I have the One Vote

  5. #20
    Sith Lady and Cool Kid Darth Penguin's Avatar
    Join Date
    May 2011
    Location
    In the verge of indecision
    Posts
    13,847
    Likes Received
    15140
    Trading Score
    20 (100%)




    Lularoe executive leaves suddenly as sellers claim company owes thousands of dollars in refunds

    One of LuLaRoe's most senior founding executives, Patrick Winget, has suddenly left the women's clothing brand. Winget served as the head of design and production for the multilevel-marketing company since its inception in 2013. He is widely regarded as a sort of celebrity among the tens of thousands of people — mostly women — who sell LuLaRoe clothing online and at private parties across the US.
    In hundreds of social media posts over the years, LuLaRoe sellers have gushed about meeting Winget in person at LuLaRoe events. They have asked him to sign their clothing and have praised him as the "brilliant" mind, "man genius," and "hero" behind the brand.
    There's a LuLaRoe garment named after him — the "Patrick" t-shirt — and late last year, the company sold thousands of t-shirts and leggings with an image of his bearded face printed across them.

    [snip]


    A 2017 Business Insider report revealed quality complaints about its clothing, including claims that its pants "rip like wet toilet paper." Following the report, LuLaRoe launched a refund program for customers.
    In the months that followed, thousands of consultants began fleeing the business by sending their unsold inventory back to LuLaRoe for a refund.
    But the company has failed to refund many of those sellers, some of whom claim they have been waiting nearly a year for LuLaRoe to repay them, according to interviews with nine former consultants. LuLaRoe did not respond to requests for comment on the refund claims.
    Ex-consultant Nicolette Fontenot told Business Insider that LuLaRoe owes her a refund check totaling $7,999.89. She sent the company her unsold inventory in December.
    "I'm pretty confident I'll never see a dime," said another former consultant, who asked to be identified only by her first name, Ashly. She said she has been waiting since February for a refund totaling more than $4,000.
    dededi likes this.


    Short answer : no Long answer : NOOOOOOOOOOO!

    Welcome to the Penguinocracy..One Penguin, One vote..I am The Penguin..I have the One Vote

  6. #21
    Sith Lady and Cool Kid Darth Penguin's Avatar
    Join Date
    May 2011
    Location
    In the verge of indecision
    Posts
    13,847
    Likes Received
    15140
    Trading Score
    20 (100%)




    Lularoe lawsuit supplier sues for $49 million.

    LuLaRoe's chief clothing supplier is suing the company for nearly $49 million in a lawsuit claiming the multi-level marketing company has failed to pay its bills for seven months.
    The supplier, Providence Industries, said in the suit that it has reason to believe LuLaRoe is insolvent, and accused the company's founders, Mark and DeAnne Stidham, of hiding assets in "shell" companies to fund their "lavish lifestyle."
    The lawsuit, filed in a California Superior Court on Thursday, identifies 17 limited liability companies that are tied to the Stidhams that were created between July and December 2017. The suit claims the Stidhams have used them to purchase cars worth at least $2.7 million, properties in excess of $7 million, private planes, and other assets.
    The suit said the companies are part of a "scheme" to "hinder, delay,and defraud the creditors."
    Last edited by Darth Penguin; Sat, Dec 1st, 2018 at 04:07 PM.
    Ciel likes this.


    Short answer : no Long answer : NOOOOOOOOOOO!

    Welcome to the Penguinocracy..One Penguin, One vote..I am The Penguin..I have the One Vote

  7. #22
    Sith Lady and Cool Kid Darth Penguin's Avatar
    Join Date
    May 2011
    Location
    In the verge of indecision
    Posts
    13,847
    Likes Received
    15140
    Trading Score
    20 (100%)




    Amway cuts 45 management-level positions worldwide

    Amway has eliminated 45 management-level positions across the world.In a statement, the company said it is “making investments to strengthen” business and that it is “reviewing (its) global operations to ensure investments align with (its) strategic focus,” which led to the elimination of the jobs.
    “While these decisions are always difficult, the result of these actions will allow us to better serve Amway Business Owners and be more agile in a rapidly changing global marketplace,” the statement says.
    Amway is the company started and still run by the DeVos family.
    Ciel likes this.


    Short answer : no Long answer : NOOOOOOOOOOO!

    Welcome to the Penguinocracy..One Penguin, One vote..I am The Penguin..I have the One Vote

  8. #23
    Dancing bean paste bun Ciel's Avatar
    Join Date
    Jul 2009
    Location
    Ontario
    Posts
    14,055
    Likes Received
    18801
    Trading Score
    12 (100%)




    I've noticed a few MLM reps are listed as attending a local Christmas market. One is for DoTerra essential oils. Yesterday I looked at the website and was in shock at the retail prices for some of the oils. $128+ for yarrow/pome oil. But I'd love to try a few Arbonne bars--I only know the brand for its skincare/makeup products and found about the bars recently through conversation.
    Where is the snack food buffet?

  9. #24
    Sith Lady and Cool Kid Darth Penguin's Avatar
    Join Date
    May 2011
    Location
    In the verge of indecision
    Posts
    13,847
    Likes Received
    15140
    Trading Score
    20 (100%)




    LuLaRoe lawsuit: Judge denies supplier's request for asset seizure

    A judge on Friday denied a LuLaRoe supplier's request to immediately seize nearly $34 million in assets from the multi-level marketing company. The supplier, Providence Industries, filed suit against LuLaRoe on November 29 for nearly $49 million, alleging that the company has failed to pay its bills for seven months.
    Several days later, Providence filed a request for the immediate seizure of assets, alleging that LuLaRoe CEO Mark Stidham is a flight risk because of his access to a private jet and his alleged threats to "jump ship" with the company's riches.

    In response, Stidham said in a sworn statement that he had no plans to abscond with the company's money.
    "To be clear, I do not have, and have never had, any intention or plans of absconding abroad with money," he said.
    Ciel likes this.


    Short answer : no Long answer : NOOOOOOOOOOO!

    Welcome to the Penguinocracy..One Penguin, One vote..I am The Penguin..I have the One Vote

  10. #25
    Dancing bean paste bun Ciel's Avatar
    Join Date
    Jul 2009
    Location
    Ontario
    Posts
    14,055
    Likes Received
    18801
    Trading Score
    12 (100%)




    That supplier means business, going to court. That adds more money not available for business just to get legal argument heard to chase their merchandise.
    Darth Penguin likes this.
    Where is the snack food buffet?

Page 2 of 2 FirstFirst 1 2

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •