PlannerByDay
Cyburbian
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Hey folks,
I was recently approached by a good friend of mine who is getting involved in Quixtar - multi level marketing (MLM). For those of you who don't know what it is, it is an e-commerce version of the Amway sales and recruiting thingy. It works as follows.
You sign up to be a Quixtar representative/sales person. If you buy $200 of stuff this month from Quixtar on-line, you'll get a 3% bonus check (3% of $200 = $6). If you share/recruite this opportunity with nine others, and each buys $200 of stuff this month, they each were responsible for $200 and will get $6, but you are responsible for $2000, moving you to the 12% level. You get $240. However, you are responsible for paying the bonuses of the people right below me - $54 - so you keep $186. You make more because you did more, you found nine people who wanted to buy at a discount and get a bonus for doing it. After you reach the 25% bonus level there are other bonuses that kick in, but they're all based on the volume of product flow, not on signing people up or having lots of people.
What do you think about this?
Personally I was kinda offended that my good friend would approach me to "work under him" and make him money while knowing darn well I am very easy going and not a sales person, let alone skeptical about shopping on-line.
Share your thoughts with me? Do you know anyone involved in Quixtar? Is it a sketchy way to legitimize a pyramid scheme?
I was recently approached by a good friend of mine who is getting involved in Quixtar - multi level marketing (MLM). For those of you who don't know what it is, it is an e-commerce version of the Amway sales and recruiting thingy. It works as follows.
You sign up to be a Quixtar representative/sales person. If you buy $200 of stuff this month from Quixtar on-line, you'll get a 3% bonus check (3% of $200 = $6). If you share/recruite this opportunity with nine others, and each buys $200 of stuff this month, they each were responsible for $200 and will get $6, but you are responsible for $2000, moving you to the 12% level. You get $240. However, you are responsible for paying the bonuses of the people right below me - $54 - so you keep $186. You make more because you did more, you found nine people who wanted to buy at a discount and get a bonus for doing it. After you reach the 25% bonus level there are other bonuses that kick in, but they're all based on the volume of product flow, not on signing people up or having lots of people.
What do you think about this?
Personally I was kinda offended that my good friend would approach me to "work under him" and make him money while knowing darn well I am very easy going and not a sales person, let alone skeptical about shopping on-line.
Share your thoughts with me? Do you know anyone involved in Quixtar? Is it a sketchy way to legitimize a pyramid scheme?
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