ACN - What is the deal?

doodah

doodah

doodah

Caporegime
Joined
18 Oct 2002
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Location
London
Has anyone here worked for ACN? For those of you that don't know them - they are the 'worlds largest direct selling telecommunications company':

It works by you as a rep/seller selling a service to a customer and getting a cut off the monthly bill. In addition, you recruit more reps who will recruit more customers. The more reps you recruit, the higher up the chain you go - eventually starting to manage groups of reps, execs etc:

The income has two sources: phone/internet bills and new reps.

First source is small. The market is very competitive (many different providers) and the percentage of revenue is small (less than 2% usually). How many customers must you have to earn $100 monthly, if you get 1% or 2% of their phone bills? If you have 40 customers, with 30$ monthly bill each, that sums up to $1200 in bills. 2% of it would be $24. Monthly.
Some may say - but there is also income from downline, from levels below, up to the 7th level. Well, theoretically it is. In practice, sometimes it is not. It is no easy to build structure 7 levels deep and maintain it, especially when drop out rate is high. This income is low but residual (if you keep the downline and not let it vanish due to drop out rate).
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I found the presentation a little weird, it had inklings of a cult (one of the reps was stood at the back heckling rival technologies and shouting 'buzz' words of encouragement throughout the presentation). A good 80% of the hour was spent promising large houses and gardens, beaches - basically the good life. We heard next to nothing about the actual product or services they can provide. Finally, some of the stats in the presentation seemed a little iffy...."well on its way to an annual billion $ revenue".

My friend wants me to join him and to be honest - even if what they say is all true, I have neither the time or money to get involved. I just wondered if any OcUK'ers had dealings with them.
 
The friend in question gave me some reading he printed himself. It must say at least three times on the first page 'this is NOT a pyramid scheme' :p
 
Sounds like Amway.

The problem is that you reach market saturation almost immediately and then your only source of income is people you recruit. However you either try and recruit friends, who might go along with it but will have the same social circles as you so will also have market saturation. Or you try and recruit strangers, which almost never works because, well, would you do it if someone random asked you?
 
xibinim said:
The friend in question gave me some reading he printed himself. It must say at least three times on the first page 'this is NOT a pyramid scheme' :p
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If you've got to preface what you say with that sort of thing "I'm not a racist but..." then my immediate inclination is to believe that probably are what you're claiming not to be. Sometimes this viewpoint is wrong but I'm satisfied it's correct above half the time so that's decent enough as a starting point before doing any further investigation.

It definitely sounds a bit dodgy to me, anything where you're relying on signing people up on a fairly constant basis seems to me that it must have a somewhat limited shelflife - if you get in early enough then you've got some opportunities but I don't think that's the case here.
 
xibinim said:
The friend in question gave me some reading he printed himself. It must say at least three times on the first page 'this is NOT a pyramid scheme' :p
Click to expand...

"First, let me assure you that this is not one of those shady pyramid schemes you've been hearing about. No sir. Our model is the trapezoid scheme, guaranteed to give you an eight-hundred percent return...."
 
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