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FIB - Scams 101 - Ye Olde Archives
Posted By: Bill Cornelius In Response To: What were your financial results from MLMs over the last 20 years? (POS-Andrew)
Wednesday, 27 April 2005, at 6:24 a.m.
> What exactly were your results in those 20 years? Did you make a lot of
> money from MLM?
The time I spent operating an MLM is actually divided into 2 periods. My first period (during and after college in the 70's was profitable enough to lay the financial groundwork that allowed me to finance other ventures.
> It's just that I read your profile on the first page of your blog. Under
> your list of businesses you profited from, I find no reference to MLMs you
> were in. Dexter Yeager, the guy you had a "one on one" with is
> Amway (am I correct?). But there's no reference to Amway.
A brief profile is not meant to be a CV. You are correct, it doesn't mention my time in Amway nor does it mention the direct mail company I owned, nor any of half a dozen other businesses. It does mention the restaurant which was the only business in which I ever lost money. (I thought it only fair to admit to the loser)
> Were you ever comfortably supporting you and your family solely from
> working in an MLM over the last 20 years or was it always a "biz on
> the side"?
Yes I did. (I don't pursue anything as a "sideline")
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