This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:13:03
The video delves into the details of Live Good, an MLM company, highlighting its founders, products, and potential red flags. Ben Glinsky, the CEO, has a history with several failed MLM ventures, which raises concerns. The company's products include supplements and CBD oil, with the latter flagged by the Philippine Drug Enforcement Agency. The speaker scrutinizes the compensation plan, which includes various bonuses for sales, recruiting, and achieving different ranks from Bronze to Diamond, noting its resemblance to pyramid schemes. The "Powerline driven Marketing System" is criticized for potential recruitment pressure. Despite the promise of high earnings from the Matrix system without recruiting, the speaker warns about the company's pyramid scheme tactics, emphasizing the need for legitimate MLMs to prioritize product sales over recruitment. The video concludes with a call for viewers to research thoroughly before joining and mentions ongoing legal battles against MLM companies attempting to silence critics.
00:00:00
In this part of the video, the host introduces the topic of Live Good, an MLM company, and indicates that this might be the last MLM deep dive for a while. The video promises to discuss the founders, products, and red flags associated with Live Good. Key points covered include the background of Ben Glinsky, the CEO of Live Good, who has a history with several failed MLMs, marking it as a red flag. The company’s product offerings, including supplements and CBD oil, are noted. A warning about CBD oil from the Philippine Drug Enforcement Agency is mentioned, suggesting caution.
00:03:00
In this segment, the speaker discusses the compensation plan and potential red flags of a specific MLM (Multi-Level Marketing) scheme. They highlight an influencer bonus where achieving $2,500 in sales earns a 10% bonus, and point out concerns from the FTC about pyramid schemes. The red flag is noted when distributors buy more products than they can use or resell, just to stay active or qualify for bonuses. The compensation plan includes standard commissions, bonuses for selling products, recruiting, and achieving different affiliate ranks, starting from Bronze to Diamond, which requires recruiting a downline of 2,500 people.
Additionally, the speaker elaborates on a “Powerline driven Marketing System,” which allows potential recruits to reserve a temporary position in the company without immediate commitment. They are urged to lock in their position before a weekly cut-off to benefit from recruits placed beneath them in the structure, essentially earning on the first three members placed below them. This system is criticized as a red flag, implying potential recruitment pressure.
00:06:00
In this part of the video, the speaker explains how the compensation plan of Livg Good works, highlighting that you can potentially earn over $2,000 a month in The Matrix without enrolling a single person. By enrolling one person, this earning potential doubles. With millions expected to join in the next 24 months, those who join sooner will have a higher position in The Matrix. However, the speaker warns about possible pyramid scheme tactics, such as high-pressure sales tactics and an emphasis on recruiting new distributors as the primary way to make money, which are red flags. They stress that legitimate MLM programs should allow participants to make money by selling products rather than recruiting. The segment concludes with a critical view of extravagant earning promises, urging viewers to be cautious and skeptical.
00:09:00
In this part of the video, the speaker discusses the potential earnings from the Matrix system, which allows participants to earn up to $247.50 per month without enrolling anyone. The speaker mentions Live Good as an example and urges viewers to do their own research before joining. They highlight four red flags of a pyramid scheme according to the FTC and encourage viewers to share their experiences. The speaker also provides an update on a lawsuit they are involved in, mentioning that they are gathering evidence and learning to potentially represent themselves. Despite legal challenges, they plan to continue creating content, especially focused on MLM legal issues and lawsuits, and invite viewers to join them on this journey.
00:12:00
In this part of the video, the speaker reflects on the persistence of MLM companies in legal battles to silence critics and emphasizes their determination not to let these companies succeed. They mention plans to apply the lessons learned from the lawsuit in future content, specifically through a legal analysis exercise. The segment concludes with farewell remarks.