John Oliver took aim at the network marketing industry. For those of you that missed it, I’ve posted both the full interview along with a shorter version with the best 4 minutes for those of you in a hurry.
John Oliver Blasts Network Marketing
Millions of would-be entrepreneurs join network marketing companies every day. On Last Week Tonight, John Oliver took aim at some of the biggest and most well known multi-level marketing companies. Companies like Mary Kay, Nu Skin, and Herbalife and others were all on the hot seat as he looked at their sales practices, marketing materials, and of course some of the flamboyant CEO’s that run them.
John Oliver states that network marketing and MLM companies claim not to be pyramid schemes, but operate just like a pyramid scheme and even went on to call them “fucking awful.” But is this a fair assessment of the industry?
I have been involved in network marketing for more than two decades. I have been on the cover of Networking Times, SFI Magazine, The Business Journal, and served as the CEO of a network marketing company. I don’t think the entire industry is a scam, but I do believe there are some issues that the industry needs to address.
Most of the companies he mentioned on the show are older companies and, as such, have compensation plans that were created many years ago. The older companies don’t have modern-day compensation plans. They can’t update them because veteran distributors would lose too much money. Reputable network marketing companies today do not have a significant front end sales requirement. I work with people from all sorts of companies in My Lead System Pro. I set up new distributors every day in My Daily Choice, Young Living Essential Oils, Purium, and others. You can get started in any of them for less than a hundred bucks.
