MLM - Network Marketing Blog

Bill Gouldd Is Good For Amway

I sometimes say that Amway/Quixtar arguably has the worst reputation in the Network Marketing industry.  When I say that, I am generally speaking about companies that are still in business.

Bill Gouldd's Equinox is a prime example of a company that might have a worse reputation than Amway/Quixtar partially because they were shut down by the FTC and partially because of the owner Bill Gouldd.

Now Bill Gouldd appears to be back and attacking his detractors.  This is probably good news for Amway/Quixtar because there is now someone else out there for people to talk about.

Check out Gouldd's new web site here (fur coat, f-bombs and all).

Update: I watched most of the Bill Gouldd video and really only heard one f-bomb, the rest of the video had to do with his current lifestyle, (apparently he has done well since the demise of Equinox) and some new thing that he is keeping secret but will make billions (not MLM).

I have also spoken with a handful of people that I greatly respect in the Network Marketing industry who are familiar with Gouldd.  They all say his training is top notch.

Department of State Health Services Calls Mannatech a Threat to Public Health

I will get to the Mannatech news after a little commentary...

How due diligence has changed in the last 15 years.  15 years ago, when you wanted to check out a Network Marketing company, you probably asked a friend about it or if you were really an academic, you went to the library.

Today, all you need is Google. 

The following article is about Mannatech, but I think it is important to point out that companies and distributors can no longer say stupid things, like "my product cures cancer" or "take this, it will help your arthritis". 

The internet brings transparency and transparency brings better behavior.

Star-Telegram:

Texas Attorney General Greg Abbott has yet to take action against Mannatech Inc. despite being informed by the Department of State Health Services nearly nine months ago that the agency believes that the company is a threat to public health and safety.

Abbott was notified of the department's concerns in a letter Oct. 5 regarding the Coppell-based company, among the industry leaders in selling dietary supplements through multilevel marketing. The letter accompanied a memo that outlined issues to be addressed.

"DSHS believes that these persons will continue to violate Texas law as described in the enclosed memorandum unless enjoined from doing so and that such continued operations pose a threat to the public health and safety," wrote Cathy Campbell, the agency's general counsel at the time.

Quixtar Dateline NBC on YouTube (2 Parts)

Thousands of true believers gathered in celebration at arenas across the country, all convinced they've found the true path to success, to wealth beyond their wildest dreams. The promises are golden, fueling dream they do -- of luxury homes, fancy cars, yachts and private planes. So who are all these people and what are they so worked up about?

The people are distributors for a company called Quixtar, which says it's had $3 billion in sales since 1999. They say the company's special formula for success has made them rich. But their main purpose here is to tell all these thousands of other distributors that they can do it, too. 

The LawBlawg Will Be Back

A friend of mine is in the process of re-contructing the LawBlawg after it misteriously disappeared recently.

The new LawBlawg will be hosted through the MLM Blog Network and it will be more visible than ever.

While I don't agree with everything on the LawBlawg, I do believe that the information is well thought out and valuable.

The LawBlawg is all about:

Legal news, opinions and analysis about MLM, pyramid schemes, ponzi schemes and other suspect investment "opportunities.

Stay tuned for the new URL and launch party.

Straight from the Texas Attorney General RE: BioPerformance

"The defendants' dramatic markup on their worthless product, coupled with their downline marketing strategy, indicate they were organizing an elaborate, illegal, and unsustainable pyramid scheme."

BioPerformance ordered to return more than $7 million to victims of pyramid scheme

AUSTIN - Texas Attorney General Greg Abbott today stopped a Dallas-based pyramid scheme from illegally marketing the so-called "top secret gas pill" that it falsely claimed would increase fuel efficiency in automobiles. The Attorney General's settlement with BioPerformance and its owners, Lowell Mims and Gustavo Romero, prevents the defendants from continuing to deceptively market their products and ends the State's eight-month legal action against the company.

See the entire statement about BioPerformance from the Texas Attorney General

Only $40 to Make $55,000

How much to be an Indian?

Neways Founder to Start New MLM Sisel (From Prison?)

"Can he do it again?" is the question on the minds of millions of network marketers, MLMers, industry watchers and critics.

Neways founder and legend in the network marketing industry, Tom Mower, has sold his interest in Neways and is preparing to launch a new company named SISEL (pronounced like "sizzle").

Article Search Engine: GoArticles.com

Texas Attorney General Anticipates Filing A Suit Against Mannatech

An Oct. 24 memorandum in response to a public information request says the state's top cop has "anticipated filing suit against Mannatech" for a number of alleged violations.

The public information request was filed by someone who has sold short Mannatech's shares.

The memo further states that the company has been under investigation by the attorney general's Consumer Protection and Public Health Division since July 2005 regarding possible violations of the state's Deceptive Trade Practices Act "and other related consumer protection statues."

Subsequently, the Texas Department of State Health Services contacted the attorney general's office "with similar concerns..." Among those concerns, the memo says, are "unproven health claims" allegedly made by Mannatech about its products, "such as the ability to cure or treat cancer" and other ailments.

"The claims being made are not approved by the Food and Drug Administration, making the claims potentially in violation of both state and federal law," the memo says. "There is also concern that Mannatech does not disclose certain health risks associated with its product."

Texas Attorney General probing Mannatech - MarketWatch

100% Fully Automated Hype & Scam

I have a friend that is doing pretty well with Prosperity Automated System, but others are going the scam and hype route.

If PAS doesn't put the clamps on these characters, then they may become a full fledged scam.