Is WFG a pyramid scheme, a cult, or a legit business?

[DC at the Ridge]

Originally Posted by Edtre47

I will be attending a WFG meeting next wednesday and need to know what type of questions I should ask. I really like what they do but do not want to find out that it was all lip service. If any of you would please let me know what type of questions I should ask I would greatly appreciate it.

I see a lot of good and bad post here about WFG.

Edtre47

Edtre47--Red flags should be:

A company that focuses strongly on recruiting more and more salespeople than actually selling products or services. Ask them what you will be doing to earn your money.

A company that asks you for membership fees straight up. As an employee, the company should be paying you, not you paying them. Since this is not the case with WFG, ask them about the grace period should you change your mind and want your money back.

A company that promises you endless riches, but the only way to achieve that goal is by recruiting people under you. If the product or service is so outstanding, then the focus should be on creating and meeting demand, not on how many people you have signed up, and how many people they have signed up and so on and so on and so on. If they are sub-contracting by selling services and products that are branded and marketed by another company, why would people want to purchase from WFG instead of from Brand X directly?

It only stands to reason that in companies that are making money by adding new memberships constantly, that the number of people interested in joining is finite, so that only the people on the top tiers ever make the big bucks, and the people at the bottom scrape to even make back their investment. Of course, the bigger the pyramid, the higher the people at the top are and the more people on the bottom are needed to support them.

DC

[Lake_Lanier_Man]

When I originally posted this I didn't think it was gonna be one of the biggest threads in the damn business section. Here is an update on the situation. Since the last time I posted here my friend has done alright with the company but has not made the kind of money he thought he was going to. He recruiting is good but if no one ever sells anything hes no going to make money and since he has no background in this type of business thats were its hurting him. He even apologized to me and said sorry for trying to get you in this. He is even critical of the company now saying things like "Its funny how they market this as work on your own time and pace yourself but if you don't show up to a meeting, then God help yourself" and "there like vultures I tell you" He did learn that the good thing about his business is his tax exemptions. Overall he has said its been a bad experience but it was a learning experience and he did find a silver lining. Thinks for all the replies its been intriguing to read all the post!

[eel8ball]

Originally Posted by Bourney

Eel8ball, you have to be one of the stupidest people on the forum. Your illiteracy is appalling.
Ethnic minorities don't get ahead not because of racism, it's because of poor paternal upbringing

and what exactly is an "ethnic" minority? oh you mean not white! which would mean you are saying not white minority! since the majority in this country are Caucasian that would make what YOU said illiterate. plus i mentioned class ism and sexism as well. funny you said nothing about that so we all know what color you are trying to pretend you know the problems minorities face when you are clearly not one of them! next.....