MLM companies usually get associated with Pyramid schemes - they are mostly the same but there are some differences.
To have a MLM company you must be registered with the DSA. (Direct selling association) otherwise you are seen as pyramid scheme which is illegal in most countries.
Pyramid schemes make their money from recruiting new members and usually run dead in a few months.
MLM Companies make their money from selling product and their members can usually make a living from selling their product. For example you must know Tupperware or Herbal life.
In a Pyramid the only people making money are the one's at the top - In a MLM company only people that work make money.
If you don't work - hit your mile stones you won't make a cent from your downline. Your position in the MLM Scheme changes all the time - most of the hard workers sit at the top with your new and non-workers at the bottom.
My partner and myself had to turn down a few companies for ethical reasons - for example we had a supposidly MLM Company that wanted to use our system to sell MOTIVATION!
We also had a company that wanted to sell Adult content which is actually not a problem - but we have a few big clients that do not want to be associated with any X rated things like Virgin for example.
NetReady Software is based in South Africa and specialise in MLM Software. We currently have 5 staff:
3 x Developers
2 x Software testers
1 x Network Admin
One thing i can tell you about MLM Systems is that the maths in these systems are quite complex. The commission rules are also very compex requiring alot of recursion.
Ah well enough about me, it seems like LLBLGen has really taken off - you must be sitting pretty and the momment. How many clients do you have at the momment.
[EDIT] - I removed some of the content of this post because this thread has been picked up by google and i do not wish to inform all the competition out there about my successes or plans - i also abused this a bit by adding a hyperlink to netready.
I must be honest this is the first time that i have ever heard of them... Hope you don't work for these guys,..i might be giving away trade secrets here.... - That site does not seem to exist any more.
When ever we went to a meeting with a possible new client - we always found quinstreet being our competition - there has been a few accounting systems with web e-commerce add on - but these can't do the complex calculation and tracking of the member geneology that real MLM systems can do.
Two kids here now, Wayne; both boys. You? Congrats on your business.
Thanks Jeff, we still have a hard road ahead at the momment our expenses are higher than our income at the momment so we are eating into the companies capital...I.T. Staff very expensive - but we hope to change that in the next 2 months or so.
Youv'e been busy last time i was here your first was just born.
In December 2005 my wife gave birth prematurely due to high blood pressure - the baby was born at the age of six months - We called him Marcus, but he died unfortunatly on 10th of February 2006 due to infection. In December 2006 we started tryting again...but nothing yet so far.