My main point was that it is possible to conduct business and make money by the end of the first month. For a 20 year old, it would be a good place to start. And this is not in a service industry, which requires moderate to large amounts of specialized skill (neither of which I have).
The 30% is just a general rule that I personally use when selling capital assets. And it is a minimum ROI. The more the merrier. My favorite and best ROI number was approximately 33,000%. I had $100 in a deal (which actually I borrowed, so I don’t know if that really counts) to get online payday loans for bad credit and walked away with over $33,000 in profit (after all expenses, except capital gains tax).
I never had that kind of result in any MLM. I remember some of the products that you got “points” or whatever stupid term was used. The profit margin was like 3-5%. And that was for the products that were terrible. The decent products had profit margins of about .5%.
I do get your point about entrepreneuriship as well. I never lasted that long in any MLM, so maybe your point about the aversion to groups is more accurate. Perhaps, he just wants a business card to hand out. The only plus I can say, is that hopefully this kid is taking advantage of any tax write-offs allowed to him (assuming his income is high enough for tax write-offs to be of assistance).
I always hated the team meetings. A bunch of people sitting around getting all hyped up about this money they were “going” to make. And none of it ever panned out. I can say that I had a friendship dissolve over the Nexgen thing. My up-line was a friend of mine.
After they collapsed, I never associated with him again. And I didn’t really cause the dissolution of friendship. He just kind of disappeared. He was really gung-ho with the whole thing, and I think he was ashamed when he finally realized it was a scam.
The only thing I believe I gained with the MLM is fairly tough skin. You get pretty used to rejection, lol.