There is nothing more annoying than listening to someone pitch their MLM to you, often times a product they don’t even really use or they are forced to use it because of the continuity aspect of the program.
Every MLM members are hustlers as you are constantly told to “recruit your friends and family”, “talk about it every day”, “use social media to mention something every day”, “encourage your downline” or “boast about how great the product is”. Why? Because once you PAY for something, it’s a natural instinct to defend or make the most out of your purchase. We all know its a stupid feeling to realize that you have been ripped off; which is why every MLM members are hard-headed and persistent.
Most of you would have probably been talked into joining one of them at a point of your life, so here’s a list of the most popular MLM scams in Malaysia that you should know. As a general rule of thumb, “If something seems too good to be true, it probably is”.
1The Cafe Scams
Island Red Cafe collects members RM6,000 each and promised a 5% return every month. They’ll also give you a name in the ROC as a shareholder but what’s the point when they run away?
Stevens Corner, the famous mamak also opens up investing opportunities due to a drop in their business. They would collect RM3,000 per member and promise returns of RM150 monthly with plans to open up a new franchise cafe called Stevens Tea Garden. It is heard that they will make you sign an agreement that will allow them the rights to NOT pay you anything in future. If you really wish to join, ask for a copy of their agreement and consult your lawyer BEFORE paying them.