S1 E7: Lazy, Stupid, Greedy or Dead
The Dream
Little Everywhere
4.5 • 15.5K Ratings
🗓️ 29 October 2018
⏱️ 53 minutes
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Summary
What’s holding you back from reaching your full potential?
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Transcript
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| 0:00.0 | Hey listeners! |
| 0:04.8 | While the team works on the new season of the dream, we're starting a newsletter |
| 0:08.8 | to give you a look at how we put the show together. |
| 0:12.6 | Sign up to get behind the scenes clips in early listen of the season to get to know the |
| 0:17.8 | team and honestly, whatever else y'all might want to see in here. |
| 0:23.4 | Subscribe at littleeverywhere.com slash newsletter. |
| 0:32.8 | Previously on the dream. |
| 0:35.9 | They don't care if you can make ends meet at the end of the month, they just care that |
| 0:39.7 | you're ordering the minimum. |
| 0:41.1 | I've been digging into the legal history of MLMs and I am going to take you on a journey |
| 0:48.7 | through the epic battle that took place between the FTC and the multi-level marketing |
| 0:53.3 | industry. |
| 0:54.4 | They don't care if they ever wind up in the hands of customers all they know on their |
| 0:58.6 | balance sheet at the end of the day that you ordered it and they got that profit and |
| 1:02.6 | now we're moving on. |
| 1:11.2 | So there was this guy, John M. Taylor, he passed recently, who studied business at Brigham |
| 1:16.4 | Young and the University of Utah. |
| 1:18.9 | Utah where there are more MLM corporate headquarters per capita than anywhere in the world. |
| 1:24.5 | It's the perfect place to study this. |
| 1:26.6 | In perhaps his most impressive study, Taylor looked at the compensation plans and possibilities |
| 1:31.2 | for success in 600 MLMs. |
| 1:34.5 | And he found that net losses were experienced by, wait for it, over 99% of people who attempt |
... |
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