1) What research did you do on the company before signing up? Did you hear their pitch (that’s a yes, obviously)? Did you then go out and search for or read any materials by others on the company? Or was all the research listening to their sales pitch and saying, “That sounds good!”. 2) How carefully did you read their contract? What rights does the contract guarantee you to income from people you sign up as customers or distributors? (A major concern in the thread I found was that the contract does not specify you actually have any rights to any residual income on people you sign up — this may not sound big, but it is common in some MLMs, notably Quackstar, that when an IBO is about to reach a certain level where their upline will make a smaller percentage on them, the entire downline is yanked and that person is shoved out the door. When money is at stake, people don’t play nice.) 3) How many people that sign up are making a profit one year later? Just general percentages. So if 100 sign up today, then how many, on average, would be making a profit (as in not just $5 or $50 a month) in a year?
These are not just questions about Ignite, but questions overall. The reason I’m finally doing well in my business is because one thing I’ve learned is how to ask questions a long time before they are relevant.
Question time again (I’m a skeptic and give anything involving money this kind of scrutiny): How do you know they save money? What numbers have you seen for proof? Did they ever actually show you how much Ignite customers pay per KWh or what the average monthly savings was?
Do they offer any figures other than their own on this? Do they say, “This person saved X% per month,” or do they say, “90% of the people who sign up save Y% per month”?
What I see that is good is that you are not diving into this to retire in years. That is very wise. There are those here who do not consider any MLMs valid and, as you saw Paine comment, some consider Avon, Pampered Chef, and a few others acceptable (did I get that right or did I misrepresent your comments, Paine?). To me, the difference is in attitude, not just of one person, but of the overall company. If a company has good products for a fair price (that’s a Quaker thing: a fair product for a fair price, which is why Quakers generally don’t dicker on prices — well, okay, I do when buying a car, but nobody’s perfect), AND that company isn’t promising quick retirement or forcing people to buy motivational or other materials, I think it is quite possible for an MLM to work — IF the intent is to provide people with a hobby or sideline that pulls in a few bucks a month. In that type of setup, you’re basically letting people buy what they need and sell to a few friends without pressure.
However, that is not what happens. Greed always kicks in and is almost always allowed to stay because the people that started with good intentions end up seeing the higher profits and get excited by the money and spending it and so on, and what was a nice, almost quaint set up becomes a mess and then becomes a tool for greedy people to mislead others and to ruin lives and relationships in the name of money.
That’s a great example of the difference between theory and practice.
In the same spirit, I know I, for one, appreciate you not coming in and trying to recruit all of us. There are MLM people on this board who are respected because of their attitude. You didn’t come in and try to recruit us. You didn’t try to tell us we were wrong, and you seem to understand that many of us have faced a lot of pain due to MLMs. You also have an attitude that you are willing to learn. In six months or a year you may be telling us we were right or it is also possible that you may find that by not spending money on motivational materials and by pursuing this part time, it may provide you some extra monthly income.
I am a little concerned after some comments I read, but it is good to hear from someone who will be watching what happens over time. The one strong piece of advice I’ll put out there for you and others is to watch your expenses vs. your income over time and keep an awareness of whether it becomes a long term loss or gain.