I came across an article from 2004 by about a Utah Study on tax returns. There is a ton of useful information here, but one item in general made me stop reading the article and post it here. In particular it was point #2 on a list of 7 bullets from the findings:
“2. Most recruiting for Utah MLMs is done outside Utah, presumably because heavy market saturation in Utah has stiffened resistance to buying into the MLMs. So MLM promoters go to other states, and then from one foreign country to another to keep the scheme going. Or they sometimes start new product divisions to cycle the pyramid anew. MLMs like Nu Skin and Usana become, in effect, Ponzi schemes, by recruiting new investors in their schemes to pay off earlier investors.”
Remember that this was written in 2004 before MonaVie existed. The prediction is eerily on target when applied to MonaVie. They company did expand from one foreign country to another. That’s not typically a bad thing. Successful companies do expand to other countries. However, this does look like the kind of thing that MonaVie’s been doing since it has started declining in the US, and interest is fading overall. Since MonaVie has been afraid to put out an IDS since the middle of 2009, it draws some legit concern that they had trouble keeping it going.
Mr. Taylor then predicted the company would start a new product division. For MonaVie this would be its weight loss product RVL. The company’s failure to expand due to the pyramid scheme of the business plan has caused it to ask its distributors for more money through another product.
Is Jon M. Taylor a reincarnation of Nostradamus? Not likely. It’s just the predictable nature of companies like these.
Originally posted 2011-03-09 13:58:47. Republished by Blog Post PromoterThe above article is intended to be accurate at the time of its original posting. MonaVie may change its pricing, product, or other policies at any time without notice.
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