Comments on: Who is the wealthiest person in MLM / Network Marketing? http://mlmmarketingnews.com/mlm-marketing/who-is-the-wealthiest-person-in-mlm-network-marketing News and Ideas for Your MLM and Networking Marketing Success! Sun, 20 May 2012 15:07:29 +0000 http://wordpress.org/?v=2.5.1 By: Scott Collins http://mlmmarketingnews.com/mlm-marketing/who-is-the-wealthiest-person-in-mlm-network-marketing#comment-2646 Scott Collins Wed, 18 Mar 2009 19:52:58 +0000 http://mlmmarketingnews.com/mlm-marketing/who-is-the-wealthiest-person-in-mlm-network-marketing#comment-2646 Within the company my wife and I are involved in, there are over 400 people at the NVP level. The average income for that group is over 250k per year. The top income earners are getting a multiple of that number. This is documented, published information, and is not unique to our company. While there is certainly no comparison between the top earners in network marketing and those who have started tech companies, run hedge funds, developed real estate empires, etc, there are probably more six figure incomes on a percentage basis than most any "traditional" employer, IF you look at people who actively build a network business, do it on a full time basis, and have done so for a reasonable period of time. Within the company my wife and I are involved in, there are over 400 people at the NVP level. The average income for that group is over 250k per year. The top income earners are getting a multiple of that number. This is documented, published information, and is not unique to our company. While there is certainly no comparison between the top earners in network marketing and those who have started tech companies, run hedge funds, developed real estate empires, etc, there are probably more six figure incomes on a percentage basis than most any “traditional” employer, IF you look at people who actively build a network business, do it on a full time basis, and have done so for a reasonable period of time.

]]> By: SmartGuy7070 http://mlmmarketingnews.com/mlm-marketing/who-is-the-wealthiest-person-in-mlm-network-marketing#comment-2606 SmartGuy7070 Wed, 18 Mar 2009 18:31:59 +0000 http://mlmmarketingnews.com/mlm-marketing/who-is-the-wealthiest-person-in-mlm-network-marketing#comment-2606 My upline has over 6 million people in his downline and makes something like 4 million dollars a day. He probably is the richest because he has the nicest apartment I have ever seen.<br><b>References : </b><br> My upline has over 6 million people in his downline and makes something like 4 million dollars a day. He probably is the richest because he has the nicest apartment I have ever seen.
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]]> By: Wayne Z http://mlmmarketingnews.com/mlm-marketing/who-is-the-wealthiest-person-in-mlm-network-marketing#comment-2605 Wayne Z Wed, 18 Mar 2009 18:24:59 +0000 http://mlmmarketingnews.com/mlm-marketing/who-is-the-wealthiest-person-in-mlm-network-marketing#comment-2605 Most of people who get "rich" in Network Marketing, get that way from putting on training seminars and selling CDs, Tapes, DVDs and other training material. I read somewhere that one of the big Amway/Quixtar gurus makes about $250,000 per year but only about $30,000 per year comes from the "product" side. The rest comes from the "motivational" side. One thing though: The phrase "Fake It Till You Make It" runs rampant through all levels of organizations so it is next to impossible to tell who is making any money. If people are losing money (as most are) they act like they are making money. If people are making a little money, they act like they are making a lot. Sorry, I know this doesn't answer your question but hopefully it helps a little.<br><b>References : </b><br> Most of people who get "rich" in Network Marketing, get that way from putting on training seminars and selling CDs, Tapes, DVDs and other training material.

I read somewhere that one of the big Amway/Quixtar gurus makes about $250,000 per year but only about $30,000 per year comes from the "product" side. The rest comes from the "motivational" side.

One thing though: The phrase "Fake It Till You Make It" runs rampant through all levels of organizations so it is next to impossible to tell who is making any money. If people are losing money (as most are) they act like they are making money. If people are making a little money, they act like they are making a lot.

Sorry, I know this doesn't answer your question but hopefully it helps a little.
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]]> By: bella9566 http://mlmmarketingnews.com/mlm-marketing/who-is-the-wealthiest-person-in-mlm-network-marketing#comment-2604 bella9566 Wed, 18 Mar 2009 17:41:59 +0000 http://mlmmarketingnews.com/mlm-marketing/who-is-the-wealthiest-person-in-mlm-network-marketing#comment-2604 Dick DeVoss...do a google search, but i'm pretty sure. He's president of Amway, which used to be a MLM...not too sure if it still is.<br><b>References : </b><br> Dick DeVoss…do a google search, but i'm pretty sure. He's president of Amway, which used to be a MLM…not too sure if it still is.
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]]> By: Ace420 http://mlmmarketingnews.com/mlm-marketing/who-is-the-wealthiest-person-in-mlm-network-marketing#comment-2603 Ace420 Wed, 18 Mar 2009 17:26:59 +0000 http://mlmmarketingnews.com/mlm-marketing/who-is-the-wealthiest-person-in-mlm-network-marketing#comment-2603 well i have to say Donald Trump as he is associated with ACN (phone sales) although i am sure he is not activly selling for them my advice stay away from those scams as i like to call them some are more lik cults<br><b>References : </b><br> well i have to say Donald Trump as he is associated with ACN (phone sales) although i am sure he is not activly selling for them

my advice stay away from those scams as i like to call them

some are more lik cults
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]]> By: PATRICK M http://mlmmarketingnews.com/mlm-marketing/who-is-the-wealthiest-person-in-mlm-network-marketing#comment-2602 PATRICK M Wed, 18 Mar 2009 16:54:59 +0000 http://mlmmarketingnews.com/mlm-marketing/who-is-the-wealthiest-person-in-mlm-network-marketing#comment-2602 The person at the top. Usually the Founder. 99% of people fail in MLM. But the ones that make it, make it big! I've known people to make over 6 figures.<br><b>References : </b><br> The person at the top. Usually the Founder. 99% of people fail in MLM. But the ones that make it, make it big! I've known people to make over 6 figures.
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]]> By: ibofightback http://mlmmarketingnews.com/mlm-marketing/who-is-the-wealthiest-person-in-mlm-network-marketing#comment-2626 ibofightback Wed, 18 Mar 2009 13:19:39 +0000 http://mlmmarketingnews.com/mlm-marketing/who-is-the-wealthiest-person-in-mlm-network-marketing#comment-2626 SmartGuy7070 - $4million a day works out as a yearly income of close to $1.5billion. I'm guessing you're being facetious. haha. SmartGuy7070 - $4million a day works out as a yearly income of close to $1.5billion. I’m guessing you’re being facetious. haha.

]]> By: ibofightback http://mlmmarketingnews.com/mlm-marketing/who-is-the-wealthiest-person-in-mlm-network-marketing#comment-2625 ibofightback Wed, 18 Mar 2009 13:17:26 +0000 http://mlmmarketingnews.com/mlm-marketing/who-is-the-wealthiest-person-in-mlm-network-marketing#comment-2625 Wayne Z - what you "read somewhere" isn't quite correct. The average income from Amway bonuses alone for a "Diamond" or above is $150,000/yr, and that before Amway raised the bonuses last year. 5 years ago they reported the average yearly income for Founders Executive Diamond and above was over $1.3million/yr - again, this is entirely "product" money, none of that is "tool" money. Amway has a number of folk who are at this level in multiple countries, so earning it multiple times. One fellow is Crown Ambassador in 3 or 4 separate countries. There's a million dollar bonus on top of everything else each time he's done this. One issue that arises in such a discussion is that anyonw making this kind of money is reinvesting it and generating more wealth. It's as a result of their NWM business, but the reinvestments are not income directly from NWM. Same with things like "tool income" and speaking fees. They're earning that because of their success in NWM, so one could say it's money from NWM. /ibofb http://www.thetruthaboutamway.com Wayne Z - what you “read somewhere” isn’t quite correct. The average income from Amway bonuses alone for a “Diamond” or above is $150,000/yr, and that before Amway raised the bonuses last year. 5 years ago they reported the average yearly income for Founders Executive Diamond and above was over $1.3million/yr - again, this is entirely “product” money, none of that is “tool” money. Amway has a number of folk who are at this level in multiple countries, so earning it multiple times. One fellow is Crown Ambassador in 3 or 4 separate countries. There’s a million dollar bonus on top of everything else each time he’s done this.

One issue that arises in such a discussion is that anyonw making this kind of money is reinvesting it and generating more wealth. It’s as a result of their NWM business, but the reinvestments are not income directly from NWM. Same with things like “tool income” and speaking fees. They’re earning that because of their success in NWM, so one could say it’s money from NWM.

/ibofb
http://www.thetruthaboutamway.com

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