The Sweatshop of Wall Street
- Thread starter canada-man
- Start date
With respect to Silicon Valley, I was referring to the "imported labour" under the H2 (something like that) program.
https://thedevilcorp.wordpress.com/
DS-MAX, Smart Circle, Cydcor, Innovage, Granton, Quantum, The Landers Group, Cobra Group, PerDM, Credico, Appco Group, etc., are the exact same company. They all have the same system, run the same scam and are owned by the same people. They all have a “management training program”, incorporate their managers in order to avoid lawsuits, post misleading advertisements on career websites, and lie and cheat like it’s going out of style. Having all these names is the only way to keep their racket alive because it makes it harder for people to find out who they’re working for.
Just think about it. Why do they have so many names? If they were doing good deeds, they wouldn’t need to hide within their nested spheres of deception and duplicity. If they were doing the right thing, they would gather their entire organization under one banner and proudly advertise themselves to the world. Instead, they change names like people change underwear and continue their fraud with different identities so new employees don’t know who they’re working for.
DS-MAX, Smart Circle, Cydcor, Innovage, Granton, Quantum, The Landers Group, Cobra Group, PerDM, Credico, Appco Group, etc., are the exact same company. They all have the same system, run the same scam and are owned by the same people. They all have a “management training program”, incorporate their managers in order to avoid lawsuits, post misleading advertisements on career websites, and lie and cheat like it’s going out of style. Having all these names is the only way to keep their racket alive because it makes it harder for people to find out who they’re working for.
Just think about it. Why do they have so many names? If they were doing good deeds, they wouldn’t need to hide within their nested spheres of deception and duplicity. If they were doing the right thing, they would gather their entire organization under one banner and proudly advertise themselves to the world. Instead, they change names like people change underwear and continue their fraud with different identities so new employees don’t know who they’re working for.
I had to Google who DS-Max was and turns out this whole thing is about MLM companies.
Shitty jobs with over exaggerated claims to riches? For sure.
But people should know better. It's basically cold calling your way to riches, which is not the way to make money. Maybe 60 years ago Amway kind of people were going door to door hustling, but in this day people don't want to be bothered and will buy stuff themselves at a store.
I saw a small bit about some Chinese guy saying he got paid $40, which comes to $0.50/hour.
Too bad. It's a 100% commission job.
If a real estate guy doesn't sell anything, he gets paid $0 too. I don't see real estate agents complaining about not getting paid minimum wage as a minimum pay out.
Another thing about many of these kinds of jobs is pyramid payouts. If you get followers to be under your wing, you get a cut of their sales and the whole thing becomes some kind of "payout tree". Think of it like a family tree or a company's organizational chart. Anyone who falls under you and you get a cut.
And it may actually be true. Get more people under you by recruiting them and you get payout based on what they sell.
So in other words, a lot of these people tempted by MLM are usually:
1. Not skilled. Nobody wants to hire them, but any kind of Amway place will
2. Lazy fucks. They see that "payout tree" and dream they can hook into friends and family and randoms to be under their wing, and just sit home and golf all day as they others hustle and they live off getting commissions off those other people
3. Disappointed at the end. They finally realize nobody wants to get hustled buying their shitty products, and no friends and fam want to be taken under the wing as another hustler. They know it's a stupid job and don't want to be a sap having some of their commissions go to them. And because of that, friendships are broken because they see that MLM guy as a money grubbing tool who wants to use them as commission
Shitty jobs with over exaggerated claims to riches? For sure.
But people should know better. It's basically cold calling your way to riches, which is not the way to make money. Maybe 60 years ago Amway kind of people were going door to door hustling, but in this day people don't want to be bothered and will buy stuff themselves at a store.
I saw a small bit about some Chinese guy saying he got paid $40, which comes to $0.50/hour.
Too bad. It's a 100% commission job.
If a real estate guy doesn't sell anything, he gets paid $0 too. I don't see real estate agents complaining about not getting paid minimum wage as a minimum pay out.
Another thing about many of these kinds of jobs is pyramid payouts. If you get followers to be under your wing, you get a cut of their sales and the whole thing becomes some kind of "payout tree". Think of it like a family tree or a company's organizational chart. Anyone who falls under you and you get a cut.
And it may actually be true. Get more people under you by recruiting them and you get payout based on what they sell.
So in other words, a lot of these people tempted by MLM are usually:
1. Not skilled. Nobody wants to hire them, but any kind of Amway place will
2. Lazy fucks. They see that "payout tree" and dream they can hook into friends and family and randoms to be under their wing, and just sit home and golf all day as they others hustle and they live off getting commissions off those other people
3. Disappointed at the end. They finally realize nobody wants to get hustled buying their shitty products, and no friends and fam want to be taken under the wing as another hustler. They know it's a stupid job and don't want to be a sap having some of their commissions go to them. And because of that, friendships are broken because they see that MLM guy as a money grubbing tool who wants to use them as commission
https://doortodoortruth.wordpress.com/background/
History
W.M. Industries Inc. (WMI)
Founded in 1975 in Canada by Larry Hahn, WMI was a retail business that went door-to-door selling products such as perfume, toys and luggage.[1] With no financial support or education, Larry spent several years training new recruits while living out of his car. By the 1980’s there were thousands of distributors. Recruits were promoted based on their sales, with sales following the Law of Averages (the more doors you visit, the more sales you’ll get). Convicted of tax evasion, WMI was forced to leave the country. The distributors had a choice: relocate to the US or be out of a job.
Wholesale Warehouse Industries (WWI)
In 1980 former WMI distributer Murray Reinhart decided to start his own company – Wholesale Warehouse Industries – despite being heavily in debt.
WWI was largely a carbon copy of its predecessor. Instead of altering WMI’s formula, Murray sought to eliminate the racial discrimination he himself had faced.[2] Murray focused on the power of positive attitudes when selling. Promotions were now based on building a crew of five leaders rather than sales.
Murray recruited fellow Canadians Larry Tenambaum and Avie Roth, later known collectively as ‘The Big Three’. Selling pots and pans bought from wholesalers at heavily marked up prices, Murray found that customers were influenced more by enthusiasm than price. The Big Three would train up to ten salesmen per day. As their revenue increased, so did their buying power. The greater the profits (and therefore volume discount) the cheaper the goods. Eventually they could afford a suite in an industrial park.[3] Soon the direct sales workforce became more efficient and productive, and Canada became saturated with offices. By 1986, WWI had started its international expansion.
DS-Max (Direct Sales to the Maximum)
After some bad press in the early 90’s, WWI was renamed DS-Max.[4]
While previously only clearance items had been resold, DS-Max now started manufacturing their own products. DS-Max sprouted factories, bought patents and rose fields. Distributors would pitch to business owners and leave shelves of products in their locations. The Big Three had proven that a good attitude could sell anything, to ‘sell the sizzle, not the steak’.
By the mid 90’s, offices were grouped according to the products and services sold. The backbone of the company, selling DS-Max products, became The Clearance Division. There were the Roses Division, the Aliron Division, the Books Division and many others that no longer exist.
The Advertising Division (1990)
The Adverting Division would henceforth represent third parties instead of exclusively their own product line. Employees named ‘Listers’ would seek out small businesses and propose advertising campaigns. The New York Yankees campaign marked a turning point. In the early 90’s, while the Yankees were struggling with ticket sales, DS-Max listers proposed a ‘buy one get one free’ coupon. The Advertising Division sold the coupons, kept the profit, and within one baseball season had filled 150,000 seats.[5] DS-Max began to gain traction.
The Communications Division (1992)
Other DS-Max Divisions only dealt with immediate transactions of money in exchange for goods, but now The Communications Division would sign up customers to contracts for subscription-based services.
AT&T was the first client for The Communications Division. The campaign proved so successful that AT&T formed a new department to deal exclusively with DS-Max applications. Today, what would became Cydcor is responsible for over 41% of AT&T’s overall clientele.[6]
By the millennium, DS-Max had a net worth of $75 billion, 15,000 offices worldwide and 2.2 million independent distributors.[7] Murray said that his company offered “the greatest opportunity in the world.”[8]
Descendant companies: Innovage, The Smart Circle, Cydcor etc.
In 2005, due to negative publicity, the DS-Max organisation divided into its descendant companies. All direct connections with DS-Max have been severed, and the ‘DS-Max’ moniker removed from all company names. Instead, each division now promotes their own identity.
The Clearance Division spun off and became Innovage. The company purchases “millions of pieces of merchandise from partners like Disney, Warner Brothers and Vivitar” from thousands of factories, sourced by Three Sixty Sourcing Ltd.[9]
The Advertising Division became Granton Marketing, renamed The Smart Circle International in 2005. The Smart Circle still deals primarily with coupons from contracts with restaurants, fitness clubs, professional sports teams, auto body shops, hotels, golf courses and others. Clients include Domino’s Pizza, Hilton Hotels, The New York Yankees and Miami Heat.[10]
The Communications Division became Cydcor. Cydcor still signs up customers for monthly services. They serve clients across North America, including ATT, Sprint, Visa, MasterCard, CSI, DTV, Optus and many others.[11]
Another notable mention is the Appco Group (The Cobra Group), a Sydney offshoot founded by an employee of DS-Max in 1980s, Chris Niarchos. It is now primarily based in the UK. The Appco Group is a “billion-dollar group of diversified companies” with “more than 800 offices in 26 countries on five continents”.[12] Clients include npower, Sky, British Red Cross, American Express and Coca-Cola.
Murray Reinhart has retired from the business but occasionally delivers motivational speeches at conventions. [13]
History
W.M. Industries Inc. (WMI)
Founded in 1975 in Canada by Larry Hahn, WMI was a retail business that went door-to-door selling products such as perfume, toys and luggage.[1] With no financial support or education, Larry spent several years training new recruits while living out of his car. By the 1980’s there were thousands of distributors. Recruits were promoted based on their sales, with sales following the Law of Averages (the more doors you visit, the more sales you’ll get). Convicted of tax evasion, WMI was forced to leave the country. The distributors had a choice: relocate to the US or be out of a job.
Wholesale Warehouse Industries (WWI)
In 1980 former WMI distributer Murray Reinhart decided to start his own company – Wholesale Warehouse Industries – despite being heavily in debt.
WWI was largely a carbon copy of its predecessor. Instead of altering WMI’s formula, Murray sought to eliminate the racial discrimination he himself had faced.[2] Murray focused on the power of positive attitudes when selling. Promotions were now based on building a crew of five leaders rather than sales.
Murray recruited fellow Canadians Larry Tenambaum and Avie Roth, later known collectively as ‘The Big Three’. Selling pots and pans bought from wholesalers at heavily marked up prices, Murray found that customers were influenced more by enthusiasm than price. The Big Three would train up to ten salesmen per day. As their revenue increased, so did their buying power. The greater the profits (and therefore volume discount) the cheaper the goods. Eventually they could afford a suite in an industrial park.[3] Soon the direct sales workforce became more efficient and productive, and Canada became saturated with offices. By 1986, WWI had started its international expansion.
DS-Max (Direct Sales to the Maximum)
After some bad press in the early 90’s, WWI was renamed DS-Max.[4]
While previously only clearance items had been resold, DS-Max now started manufacturing their own products. DS-Max sprouted factories, bought patents and rose fields. Distributors would pitch to business owners and leave shelves of products in their locations. The Big Three had proven that a good attitude could sell anything, to ‘sell the sizzle, not the steak’.
By the mid 90’s, offices were grouped according to the products and services sold. The backbone of the company, selling DS-Max products, became The Clearance Division. There were the Roses Division, the Aliron Division, the Books Division and many others that no longer exist.
The Advertising Division (1990)
The Adverting Division would henceforth represent third parties instead of exclusively their own product line. Employees named ‘Listers’ would seek out small businesses and propose advertising campaigns. The New York Yankees campaign marked a turning point. In the early 90’s, while the Yankees were struggling with ticket sales, DS-Max listers proposed a ‘buy one get one free’ coupon. The Advertising Division sold the coupons, kept the profit, and within one baseball season had filled 150,000 seats.[5] DS-Max began to gain traction.
The Communications Division (1992)
Other DS-Max Divisions only dealt with immediate transactions of money in exchange for goods, but now The Communications Division would sign up customers to contracts for subscription-based services.
AT&T was the first client for The Communications Division. The campaign proved so successful that AT&T formed a new department to deal exclusively with DS-Max applications. Today, what would became Cydcor is responsible for over 41% of AT&T’s overall clientele.[6]
By the millennium, DS-Max had a net worth of $75 billion, 15,000 offices worldwide and 2.2 million independent distributors.[7] Murray said that his company offered “the greatest opportunity in the world.”[8]
Descendant companies: Innovage, The Smart Circle, Cydcor etc.
In 2005, due to negative publicity, the DS-Max organisation divided into its descendant companies. All direct connections with DS-Max have been severed, and the ‘DS-Max’ moniker removed from all company names. Instead, each division now promotes their own identity.
The Clearance Division spun off and became Innovage. The company purchases “millions of pieces of merchandise from partners like Disney, Warner Brothers and Vivitar” from thousands of factories, sourced by Three Sixty Sourcing Ltd.[9]
The Advertising Division became Granton Marketing, renamed The Smart Circle International in 2005. The Smart Circle still deals primarily with coupons from contracts with restaurants, fitness clubs, professional sports teams, auto body shops, hotels, golf courses and others. Clients include Domino’s Pizza, Hilton Hotels, The New York Yankees and Miami Heat.[10]
The Communications Division became Cydcor. Cydcor still signs up customers for monthly services. They serve clients across North America, including ATT, Sprint, Visa, MasterCard, CSI, DTV, Optus and many others.[11]
Another notable mention is the Appco Group (The Cobra Group), a Sydney offshoot founded by an employee of DS-Max in 1980s, Chris Niarchos. It is now primarily based in the UK. The Appco Group is a “billion-dollar group of diversified companies” with “more than 800 offices in 26 countries on five continents”.[12] Clients include npower, Sky, British Red Cross, American Express and Coca-Cola.
Murray Reinhart has retired from the business but occasionally delivers motivational speeches at conventions. [13]
So without wasting 18 minutes of my life, is this any different from being a Medical Resident or an Associate in a Legal Practice?
those are placements or field work similar to programs in college which go towards your diploma or degree
BINGO. They are the fools that do this crap job for months and then complain. The suckers should of seen it coming after a week then quit
Psychological manipulation used by religious and personality cults has seeped down into many aspects of society. The more you critically analyze it, this includes the fake "opportunity" advertised by Smart Circle, Cydcor, and Credico companies around the world.
