SMALL INVESTORS FORUM

I am against all MLM schemes including Amway India: V C Sajjanar, Police   Officer Mr V C Sajjanar is the first police officer who filed criminal cases against the fraudulent companies like Japan Life Bed, Amway India, GoldQuest, ebiz.com, etc., which are indulging in money circulation schemes in the guise of selling products. A recent meet with the popular Indian Police Service officer, Mr V C Sajjanar revealed that the police officer has fire in him against the daylight robbery of these crooks and he goes to any extent to check this menace in the larger interest of people. Presently, Mr Sajjanar is the Deputy Inspector General of Police (Intelligence). Excerpts: Q : Sir, you are the first police officer all over India and in fact all over world, to file a criminal case against Amway India. You are also instrumental in breaking the Japan Life Bed racket even before Amway India. What made you to take that stand? Sajjanar : I have been against the multilevel marketing or m

Checklist to Evaluate Multi-Level Marketing (MLM) Programs that may be Pyramid Schemes Use the questions below to evaluate a multi-level Marketing program that you are considering to see if it meets a government definition of a pyramid scheme. 1. Is there a joining fee? Pyramid selling schemes often have start-up fees which are not for purchasing commercially viable goods or services since most earnings come from introducing others to the scheme. 2.    Does the promotional literature indicate unrealistic earnings (eg "make Rs.100,000 a month legally")? Promoters who make unrealistic claims risk breaking the law. If you answer yes to (1) and (2) then regardless of whether the scheme is pyramid selling or not, you should seek financial advice before entering. 3.    Do participants earn commissions primarily from selling products or services, or are financial rewards largely dependent on recruiting others into the scheme? Pyramid selling schemes are based on rec

WHY SHOULD ONE AVOID AN MLM SCHEME? The idea behind multi-level marketing (MLM) is simple. Imagine you have a product to sell. A common MLM product is some sort of panacea, such as a vitamin or mineral supplement. You could do what most businesses do: either sell it directly to consumers or find others who will buy your product from you and sell it to other people. MLM schemes require that you recruit people not only to buy and sell your product, but who will also recruit people who will not only buy and sell your product but also recruit people.... ad infinitum . Only there never is an infinitum to move towards. This may seem unusual to traditional business people. Why, you might wonder would you recruit people to compete with you? For, isn't that what you are doing when you recruit people to sell the same products you are selling? MLM magic will convince you that it is reasonable to recruit competitors because they won't really be competitors since you will get a cut