Latest Talks Podcast - Episode #11 | Topics: Multi Level Marketing - Ponzi Schemes - Friedrich A/C.

is theer in Wall Street 50% by the way as fake as it was what causes a person to start such a thing get emotional speech in the back from the car and [Music] Minneapolis you sleeping I was here the whole time I was up I was up oh I was up the whole time right you were talking about the trajectory the alkaline let's move past the alkaline level anyway we're here um to discuss L marketing yeah marke [Music] espe oh okay um oh I thought you're introducing me you're not when you're going to be a guest when introd some some younger people like to be like they have the entrepreneurial Spirit he's going to say yeah what's entrepreneur a multi-level marketing uh business environment way scam well we'll discuss the word scam okay multi marketing is right all right so so first of all mul marke but basically multi-level marketing is a beautiful concept a concept direct sell Market service you have a whole crew of people direct selling ter direct seller Market we say direct so scared of that word yes history multi levr SCH so as I said before the concept is beautiful because the a wage commission business owner business owner yeah and it's probably the most profit driven the gun industry I have to check double check that word but say in 30 to 35 billion a year [Music] so this thing is strong and going you see the idea for multi level V Target service mostly what vulnerable vulnerable another word another is after the episode right exactly so kind of proof um kind of proof so multi marketing so multi levels a and according to your achievement but only a commission based okay the problem for scam is because it's not just commission based on a product or a service okay marketing yet in our okay so in a case do want passing me the coke please thank you diet or the regular di regular di just as long as just it's just these two things on the table I don't need any more anyway right the concept is that as a business own friends and family easy very understandable very safe yeah very safe very legal all is beautiful but number top and down I'm lost what happened there okay so simple basically own coke of mouth to say [Music] not that they should go to your store and buy it I have I'm a little store a recruiter was recruit marketing nobody makes money so the idea of one second it goes to a certain level it has to do with a lot of percentage but the idea for multi level is that it sometimes it doesn't matter from the product because milkshakes this is the catch the concept is is a average company just is percentage the next level 10 levels down 10 levels down will make you you want to hear yeah yeah so so they equ divided they give away a like any compan commiss friends and family but if you do the math mention theator levels population for and it's amazing how fast like doubling yeah but what do is a fake persona as mention just to mention and you think yourself big deals just to mention to mention you're not selling to anyone you're just hir the whole world exactly so scam a illegal scam which the is it ftcc Federal Trade commissions the goal is how do you know so Revenue so how am I making money regardless if I'm selling this product and I have a whole bunch of people I can't make money everyone's selling nobody's buying that's how it works it's debat you have to pay a penny yes wow so that's another part of theu and you can just close the company whenever you want and but but the funny thing is leg company you can't kick it out of business because sales completely SC this is illegal the because invest in [Music] theid forood Lakewood hosts is our for luxurious [Music] in for [Music] the customers and get a question Miss is investment inv inv toward inv meaning to say company investment firm inv investors he never invested why would anyone trust this guy say this person Ponzi he he started this whole thing but gave him 50% of 50% or 10% 50% so for investors it's very nice it's idea I mean it for his investors it's very nice but for the people giving him money so what happens is the last people are the sucker no no forget about that why would they trust them to begin with you know why because kind in Wall Street questions % returns you said 50 I think it was 10 okay it could be but 10% order questions so so you're saying in order to do that you already have to be a high figure why would they trust you I wouldn't give my money to someand in the million give me give me 10,000 50% % on 45 day [Applause] notes concept no it's not because no I don't let's say I don't know about Pon schemes some random Yoko over to me and says give me your money I'm going to invest it I don't know who he is he doesn't invest this guy doesn't have money he lives in andex he can't afford a Lexus he make money that's true legit investor I think he was a legit lest made I understand so already an investor but I'm talking about how did he get there so he's already a rich person you know what I mean first you can fake being return of investment because so kick of P it is and results certain um certain whatever research n of post notes stamps stamps overse whatever invested in the government was invested exactly so now I understand everything but at a certain point people see that they're not getting back their money and they stop right so returns but is more recent and more and all of a [Music] shock to the core like what Burnie made of scam against in yeah service mul service which was much more enticing make and and very interesting thing about multi-level marke product at the surface they're mostly overpriced right marketing gas Bs gas BS it was yeah yeah that's what I'm saying to Services based on Services n gas bills yeah services for services a a gas bill electric bill not a bill gas pills pills like the gas tank thought you said gas boosters boosters exactly they said they after after down situation you end because 1200 $1,300 wow yeah and you feel like a fool afterwards don't of course right you shouldn't be you shouldn't be learn from it it's not just learning from it you pay for experience other gu College he learned from it col way by the way the best the best way to learn is from experience is from from making a mistake I'm going to DP my opinion anyway so second so andic overpriced shes on the makeup the concept is for makeup and product okay a very popular Makeup Company product packages because you're you're a product of butu mention yeah do mention because what they end up doing is they buy stack St because Convention Center because marke meetings and say positive energy and and you miss achiev on goals and you're surrounded with that kind of vibe pum pump up because and you don't produce loser so so there's this fake was we'll touch on that yeah oh we'll touch on that because we'll take a pause multi in a second what is actually a cult a cult I mean Google definition but the actual card from the meaning is following baseb any under the furniture they C mention the was you extract resources from them when you see somebody that multi M that's not fair because you pray on the vulnerable mention sters whatever they shame mention the bus they shame them okay problems that there's no proof reading there's no um qualifications check multi don't they're making money exactly understand you have to have a basic understanding of what's going on Sal it's just a waste of money targeting the vulnerable because V so there's a mention minus a job they don't sell you a job they sell you a business yeah application I'll explain to you because they give you that is totally understandable because they give you a whole back support a back of support system especially if it's commission based right $300 I'll tell you why because theys but it was very sketchy I know he was a lawyer I know what that is this marke for 15 minut it wasn't recruit actually enjoyed get the sandwiches he was from the top level he was from the top level he did make money he's not a bad person I'm friends with a lot of them yeah shifting little gears I don't like to say I have friends friends but I'm very close with a lot of them friends I explain to you why I don't have any statement no why it's it's a good rule to have I don't have any any friends kids and then I have no Associates yeah but a wife and kids family do friends that's exactly known associates I friend yeah yeah because friend there's a lot of expectation close friend such thing he we're still buddies Friend by the way exactly friend feel that I just called there you go right exactly I'm not the type of guy that checked talk with my friends I don't okay okay so it's a question you have a question I had a question shifting go a little to the psychological side of it what causes a person to start such a thing you have any idea so yes it's they it's mostly vulnerable people that join MLM vulnerable people not to join e multi marketing nine nine because us no you said he's not a bad person right usually it's not bad actually I would say almost nobody's a bad person in MLM they they believe Bernie made off so something wrong with it because what's wrong withy to nobody's lying to people he didn't invest right right so anyone else knows exactly anyone else not talking about a person minut anyone else we're not talking about a person who knows what's going on who knows that I don't know that the whole level when the pon he knows what what's going to happen he sees he did this decision he made this decision for a reason he wants to make money now he knows that nobody else is going to be making money and it's not true people made money yeah but then eventually it's going to stop and he knows that every G doesn't think he's going to get caught so fast what is that yeah he started it off this guy started his business why no you said mm companies ber individual individual men was artist is only if he knows what he's doing right he knows that he's made oh yeah 100% but the conversation multi-level marketing the owners frers I want to hear what he has to say right right but that's what I'm saying you know they're not bad people a genu business model the business model is technically legal say a great a great area say technically legal mention you% but they're taking advantage of people they know that so simply this and the so wait but he started off not believing it I mean you start off not because when I went into multi marketing I actually believed in it that's the thing as much research so how's this different from regular marketing regular marketing you take an item that you don't think is good or whatever I'm a marketer someone comes over with me market my product and I make it look beautiful right so te making it look beautiful but most scaming people but no the product can be a good product no let's say it's not a good product no no no no the product my marketing what's my marketing yeah they sell it it's it's a legit product you're Mak it marketable Mar I think he still gas pills I think he's still stuck on your gas pills I'm not stuck on gas pills soda Coke yeah it's a good product no no no I'm not telling people to it's not you but it's I'm not telling people to sell it or anything I want to sell Coke and let's say I know that coke is not good it's really not good it's a cheap product but I want to make it look very nice you see these ads all the time yeah it's it's really focus on the product Focus Dimension they don't think it's a scam people in charge do know but they don't thinkg spin exactly told people that they needed it for whatever [Music] reason theb so that's my question if that's okay that's okay flashlight was cost 299 is SC marke Mar that's fair marketing that's normal marketing but even cheap garbage products that cost a lot need marketing as well and these people they go to marketers and marketers say this is good this is a good product some of them have I'm talking about a cheap garbage how let's let's talk about a legit company that sells electric bills right that sells you gas gas bills phone bills it's technically the same service you have already now that's the pitch of the sale the tools for them product anyways you might as well go through me which is at a competitive price right everybody's your customer that's a wonderful pitch because it's not a garbage product it's a good product the same product I'm not talking about this m mul marke garbage products Ian to do multile marketing product I'm not saying that it's not overed exactly mentioned but it's not necessarily a garbage product and not only that talking about let's say there is a garbage product I'm not talking about multile multi level marketing regular marketing one level I don't know what it is one level the expert is a marketer marketer oh nice no way so marketer how you doing so let's say I want to sell a flashlight with is a pen and the pen runs out of ink in a couple of days right and I advertise this I want everybody to buy it I don't have a specific target audience anyone of Amazon L mus anybody that uses a pen exactly would be your perfect but it runs out of ink lamasa they're going to they're going to realize soon enough that this is not right thing bad reviews to the first 500 people I'm lying and these people they buy it because they believe in it they didn't do their research they didn't tell them to send a sample or vaza video Whatever It Is they didn't do the research and they were scammed these people were all scammed they're not getting their money back nothing now these people who f for let's say multi-level marketing right it's your fault right falling for it's your fault as the owner why should someone say that it's illegal no not the owner and I want to be part of your company right meaning I believed in your company so you blame the it's an investment so you blame the the the par yeah it's your fault why should you make it illegal if it's a good idea I Mee if it's a good idea then technically it shouldn't it shouldn't be illegal right if it's a good idea and you said it's a beautiful idea it should work it's if I'm a person and I buy into your thing the idea is very nice and I happen to fall under let's say 50 people already right it's my fault I should have done more research right and you don't have to tell me not to it's my decision I should have done more research and if I can t bring you money or I can make money great if not if I lose out it's like an investment right what's the problem so this is what genius marketing is that's why multi-level marketing was invented like I said before they target the who's the the people that don't do research the vulnerable the vulnerable as much research research as you want what does a multi-level marketing really sell what's for a product what's for they sell you hope hope of being rich that's what they sell and the and when you have the kick the statistics multi-level marketing especially specific companies it's it's mostly women no offense to the to the women I'm not targeting them at all and it's not their fault you would have agree to a certain level you don't have any hope here we go that's back what back what he said in the beginning he said that these people just want to get rich fast and they don't want to have they want to have a 9 to five job they don't want to even if they have most people do have a full-time job that join it gr you can use whatever clever word explainable um um ethnic groups minorities minorities exactly if that's the word to use men exactly for Christian doesn't matter anything millions and they they because I'm bringing it off mention off the stage and emotional speech the back the mention statistical numbers mention of stage mention bleachers numbers don't make sense over here your statistical ARS are very small but they don't care about that events and events and events grou feel motivated they sell you hope that's the problem and you for 230 MLM companies wow so that makes sense there's 100,000 people in the crowd 30 people on stage it's less than 1% there we go I think but in any case Target hope Target is the is the problem because because the multi level hisory right away it's not worth it for them already like H it's a regular job but but guess what guess what there are people that are the term pyramid they're not afraid of that but they want to be one of the ones that make it they want to be one of the ones that make it the bleach on of their stage it's like a lottery ticket but you're investing a lot more money in the you kill relationships mention because you know no when you when you walk this yeah I do that ever since he was in that Ponzi skin whatever but but as a personal story he used to be my cousin used to be anyway back tooke um so a personal story that I had with MLM the company because for some reason but I did man to convin I managed to convince him um yeah yeah sure he's the best father I've ever had um but um this is not a Father's Day Advocate whatever [Music] but recruiting happens to be my father did make money through selling a lot of services loose of services ofices just doing that um so customer acquisition recr because I saw that he was really good so Dem but Dems okay little back story overnight and you know and exactly my father's marriage relationship but I would imagine I assume that's you know I think it's a hype Fest necessary right now right right opinion and my father really valued my mother's opinion so okay know he's he's a seller he's a recruiter but so just an example I mean I love my mother very much we have a very great relationship I love my parents till today's days we talk all the time almost every single day it's beautiful it's just at the moment en enemy MERS Rel a human being and at that moment somebody that's my mother that I owe the world to brainwashing system they don't care the product is product the fire is fire and in the second you have a little bit of doubt I mean not not too long ago vac cfor you know I mean I didn't necessarily pay always but the high R in the business and valid Sor as fake as it was valid so The Bu family best friend conqu the world vulnerable like I was then don't get rich quick quick exactly it's not a personal story of an MLM this is M damaging my personal story is that I had a friend that did and I said no we have to check your emotions by the way but no I was I was like if I no no no no the thing with me is then I was a bad and I was making money so he told me no you have to join with money I'm like okay bye right not spending money to join a company to make butted like 30 cents worth of product for anyway we have to check that because exactly but experience and got experience sounds like emotional this is a king with whatever um oh wow TS twins exactly mm marketing MLM companies multi marketing companies in cryptocurrency [Music] by the wayin by the way just because I feel they do the right thing that's because you believe that I don't mean to call you stupid by the way I don't mean to call you 37,000 every call but is actually 37 40 something was like wow okay right anyway and I lost a lot a lot a lot of patience andin back the receip number receip the receip number for 1. 789 whatever and oh wow yeah [Music] 2020 Bitcoin um I was introduced an investment kind of group because Legit by the time I was if I'm not mistaken [Music] 18 saved up kinds of Endeavors and my access to the bank account because I was I was underage I was sold any sign I because I'm biased to my own bi whatever $36,000 in a company beautiful Returns the so I'm a bad person I'm a nice person but reminds me of a story reminds me of a story expence education and Investments that's it inv returns yeah worth it I'm serious it was reminds me of a story where I met this uh 17 18y old B and I told him invest with me, and he did T and he lost listen and then we meet again but but it it wasn't to you actually it was it was a it was a never it was somebody you know who contacted me who contact said multile marketing out it's never your best friend to a guy yeah for and he knows your personality so well status exactly he knows your person so so this is by the way follow status I already got too many requests delete everything wonderful advice associate sorry associate Instagram numbers again but I don't [Music] know personally insulting to me because I I like to think that I entertain a lot of people and I I provide quality content so it's not like they're losing a week unat status just catches over there and unwatched anybody sees Penny status mute it [Music] now which was about two months indry people people back to quickly join multi marketing yeah yeah marke watching their episode episode by the way as as a truth except can numbers as quickly as again say opinions and he's not my cousin says opinions anyway multi marketing I know what it is basically full job kind the what's this Google anyway goe we spoke about it one episode how many people make money in multi multi level marketing I play in the Google search Okay 1.25% of participants made money from multi level marketing mhm anyway basically 1 25% 9 something any industry the GU around people make money right true which Coke this one or the one for Mexico the fact opportunity for you you want to buy this coke Lo a comment and uh no you don't sell it fact the fact a b Google 1.25% people made money in this industry made moneyy by way I'm very tic nobody really nobody cares about what you have to say what I don't he said pers you think I'm persuasive I don't think so opinions your choice if you want to believe them or not this is a basically marketi you can make money acquiring customers so it's just technically a scam you have to be very careful on the company commiss that's number one for an insane turnover turnover is the ter the the so turnover McDonald's [Music] turnover number and based on the number you can guess how bad the company is has a statistic to do um um yeah okay so yeah yeah he's not he didn't day off I would urge them I would tell them don't invest too much but knock yourself out and learn from experience turn was very good but one day he was gone I felt lost because my team is gone you don't take a personal why not if you're a good and you have to have good sales get the sales and I get the recruiter because get the get the recruiter you could end up making money that way don't lie product you know what I [Music] mean cancel viruses cancel excise no that's a different kind of Shake Weight Loss whatever weight loss isight are they sell a lot of these kind of products powder form from chicken probably better too um but because products produ was whatever the gas bills we customers but you run out of people do aliens in order to sell the product to more people you basically run out of people was The Bu MLM happens when you run out of people so which is the dimension the pyramid the level theam that's what I have to say mul right thank you for hosting me and listening to my opinions and whoever wants to hear my opinions moreapp tell me all about it by the way that's a warning that's not a so y y by the way I'm sure people know me they watch me I'm I'm AAR famous at least whatspps mama and anyways no your mother doesn't talk to you anymore love my mother very much she's [Music] amazing your name is fredman right my name is Freedman and your stage name is Fred it's just short it's so much easier to there's only one answer to that is your name milovich other then milin is short for or it's just m on itself this is very private I'd rather not talk about it okay soe is actually short for another Hungarian word that's really long has like again2 no I have I don't either know it oh exactly it's just a statement with 72 letter uh name of the the number 72 is Infamous number yeah okay so you're just 33 wow but 33 syllables a de breath related to from the air conditions the air conditions it was a no most G guy I'll ever see no offense to my other friends but air imine he and he sells appliances for a second my neighbor my Chinese neighbor his jokes his jokes are racist of me right his jokes are like top top to J yeah I would PID at least $25 to $30 mention your favorite mention your favorite joke of his in the comments and you will go into a raffle to win comments by way Coke the comments below and I'm like coms this is a negative comment right there negative comments some negative comments negative comments in a sense no I mean danger famous and millions mention negative comments yet is very dangerous I I have to watch it happens every day to me the worst negative comment on that your last name is movich anyway this Z all right yeah thank forting me this is probably not going to be on the podcast but if it is enjoy enjoy enjoy every minute exactly can