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Thread: Send Out Cards - Income Disclosure Statements

  1. #1
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    Send Out Cards - Income Disclosure Statements

    Send Out Cards has released their sales figures for 2009.

    Send Out Cards - 2009 Income Disclosure Statement (it's a pdf file so may load slow)

    We learn that the average (arithmetic mean) income last year was $457.51, while the median was only $20. That’s $1.67 a month or about a nickel a day.

    As Dennis Yu points out on Almighty Dad, "For those who have remember high school stats, the arithmetic mean is much higher than the median because there are a few folks at the top of the pyramid that skew the average."

    "There are now a few “Eagles”– 0.0001 to be exact. That’s 0.01%, which is 1% of 1%, no matter how you justify it (“the cards are great”, “people aren’t doing it to get rich”, “all success requires hard work”, “all advertising is misleading, so ours is therefore okay”, and every other flavor)."

    Dennis notes" "Were I more enterprising, I’d add in a cartoon here with two Egyptians standing in front of the Great Pyramids– one remarking, “This is NOT a pyramid scheme! It’s Send Out Bricks!”

    Interesting numbers, considering SOC is supposedly "one of the better MLM's"!
    Len Clements: Mensa Society (155 IQ)

    Stephen Hawking: "People who boast about their IQ are losers."

  2. #2
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    re: Send Out Cards - Income Disclosure Statements

    There's also the amusing tidbit that there are supposedly only two people at the highest level (at least, according to the SOC folks), and the median vs. mean income is different by close to 600K.

    As The Robot on Lost in Space used to say:

    That does not compute.

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    re: Send Out Cards - Income Disclosure Statements

    Well, heck we wouldn't be making enough for a weekly visit to Starbucks. Yikes!

  4. #4
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    re: Send Out Cards - Income Disclosure Statements

    Here ya go Doc:


  5. #5
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    re: Send Out Cards - Income Disclosure Statements

    Thanks!

    I'll try and forward that to Dennis Yu.
    Len Clements: Mensa Society (155 IQ)

    Stephen Hawking: "People who boast about their IQ are losers."

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    re: Send Out Cards - Income Disclosure Statements

    I'd be flattered. But depending on what he might do with it, he may be well advised to contact the rights holder of that image.

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    re: Send Out Cards - Income Disclosure Statements

    This was posted at almightydad.com on June 21, 2010:

    1. I am an SOC distributor. (For the time being)
    2. I own a Flooring Contracting business.
    3. I am a HUGE fan of the SOC product.
    4. I don’t like liars.
    <snip>
    My verdict? MLM is inherently flawed, greed driven, and doomed to failure. For an honest hearted person there is no loophole. (I know. I’ve looked!!!) There is just no way of knowing if you are presenting a real opportunity to your “prospect”. Numbers do no lie as Keith has stated numerous times in his replies to MLM zealots. No matter how you justify your own business, you are riding on the back of many sincere people who are doomed to failure. The propaganda machine at SOC is extremely effective, and the leadership is afforded a near messianic status by the faithful. We are told that the motives of the leadership are love, and a desire to change the world through greeting cards. Honestly, it’s enough to make me toss my cookies!
    Here is an example of SOC love: The recent 6/19 announcements involved an upgrade, which will cost $99 for each existing entrepreneur to buy. (Not mandatory, but if you want to keep up….) Leadership is showing its love my giving $70 out of the $99 to the field. i.e. upline. Nice bonuses!!! Way to keep the upline happy and the propaganda machine churning!
    Okay, so I’m a little upset. You got that right! SendoutCards has a great product, but I will never ever again endorse it. I could never do so with a clean conscience. I will not renew my distributorship lest I be tempted by the siren call of the glorious freedom and riches to found in that bastion of virtue known as Multi-level Marketing!
    I will however continue to use the superb products to further my “honest” business ventures. After all, I have certainly paid for them!
    A half-truth is a whole lie.

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    re: Send Out Cards - Income Disclosure Statements

    Everyone I know in SOC uses it to SOC, it is cheaper and easier than SOC without SOC according to them. I don't SOEC, to make it worth my while...at least not right now.

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    re: Send Out Cards - Income Disclosure Statements







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    Last edited by Soapboxmom; 12-16-2010 at 10:33 PM.

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    re: Send Out Cards - Income Disclosure Statements

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    Last edited by Soapboxmom; 12-16-2010 at 10:36 PM.

  11. #11
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    re: Send Out Cards - Income Disclosure Statements










    Website powered by homeofficepro.net mlm contact manager. This is not a mlm website.

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    re: Send Out Cards - Income Disclosure Statements

    Welcome to Dream Team Leaders

    You will be shocked, shocked I tell you. The preceeding 3 posts were Kerry Lee Hein's landing page for Send Out Cards. Remember Ohein56 jumping up and down about ethical MLM. He has by his own admission never made more than $800 a month in MLM. In reality he manages a dinky apartment complex and his wife works. He can't make ends meet by his own admission. He struggles to cover necessities.

    How does that equate to "Financial Freedom," cruises, luxury vacations, paying college, eliminating debt, adding to retirement, successful, proven and "making a fortune working from home?" How is the hell is that "Big Money?" Kerry has not by any stretch of the imagination secured anything. He is a walking advertisement for the problems with MLM. He is a serial MLM failure with nothing to show for his years of involvement. There is nothing ethical about his solicitation at all!!! No wonder he won't post here.

    Soapboxmom

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    re: Send Out Cards - Income Disclosure Statements

    Kerry and the Dream Team Leaders ramble on (MLM Bullshit 101):
    Financial Independence Starts with a DREAM

    What keeps you awake at night, unable to sleep?
    • Too many bills and not enough money?
    • Finding a way out of the corporate rat race?
    • Securing your future retirement?
    • Providing a better education for your children?
    • Making the right financial decisions for you and your family?
    What is the Number #1 Reason for you wanting to start your own business?
    Take a minute and think about it. Because financial independence ALWAYS starts with a DREAM or an all-consuming reason WHY.
    Once you know WHY, then you need a vehicle capable of taking you there as fast as possible and a roadmap to show you the way.
    We have both…
    SendOutCards operates as a team. So while you’ll be in business FOR yourself, you will not be in business BY yourself. We have a proven, step-by-step automated business building system that has never failed to produce results.

    So building your business is as easy as one, two, three:
    1. Log in to your SendOutCards website (2 minutes)
    2. Fire off a proven, AUTOMATIC MARKETING SYSTEM (15 minutes)
    3. Check your back office for results (7 minutes)
    In other words, we don’t leave YOUR SUCCESS to chance.
    We are interested in speaking with individuals who are Motivated and have the DESIRE to make their dreams come true NOW.




    So, managing aprtments and barely living above pauper is the dream???

    Soapboxmom

  14. #14
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    re: Send Out Cards - Income Disclosure Statements

    That's it !!

    I'm in !!!!

    It never fails, and all I have to do is:

    1) log
    2) fire
    3) check

    where do I send my money ??

    log, fire, check, log, fire, check, log, fire, check, log, fire, check, log, fire, check, log, fire, check, log, fire, check, log, fire, check, log, fire, check, log, fire, check,

    Whoo Hoo,

    I can feel myself becoming rich already.
    The only thing necessary for the triumph of evil is for good men to do nothing

  15. #15
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    re: Send Out Cards - Income Disclosure Statements

    Quote Originally Posted by Soapboxmom View Post
    Kerry and the Dream Team Leaders ramble on (MLM Bullshit 101):
    Kerry is not currently building any MLM businesses. He said he gave up working on SOC as a distributor. He also seems to have shifted his focus from defending MLM and swearing at people to just swearing at people.

  16. #16
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    re: Send Out Cards - Income Disclosure Statements

    Quote Originally Posted by calvinandhobbes View Post
    Kerry is not currently building any MLM businesses. He said he gave up working on SOC as a distributor. He also seems to have shifted his focus from defending MLM and swearing at people to just swearing at people.
    Really? Then take at look at this and note the date:

    www.afriendlycard.com

  17. #17
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    re: Send Out Cards - Income Disclosure Statements

    Quote Originally Posted by A Life Aloft View Post
    Really? Then take at look at this and note the date:
    I think you will find that the date always has the current day's date. he probably has a few websites that he set up that haven't been taken down. And I'm sure he continues to use the service for himself, as he does for other MLM products.

  18. #18
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    re: Send Out Cards - Income Disclosure Statements

    Quote Originally Posted by calvinandhobbes View Post
    I think you will find that the date always has the current day's date. he probably has a few websites that he set up that haven't been taken down. And I'm sure he continues to use the service for himself, as he does for other MLM products.
    He does not take them down and yes he does have other sites, I looked, because he still would never turn down anyone who would want to sign up with SOC. He's a liar and a fraud. He says he isn't "active" because just like all the other MLMs that he has failed miserably with, he is clueless how to make any money doing anything, doesn't stick with or work anything for more then ten seconds, and he's lazy as hell. He sits on his butt all day, drinks like a fish, has his poor wife going to work everyday to support him, while he posts b.s. on internet forums all day. Let's face it. He has lied so many times over there and he's very dishonest. The truth will always be the truth. He keeps trying to ride Len's coat tails, who won't have anything to do with him ironically (even he recognizes what a lazy loser Heiney is), and hopes some MLMer will bring him along for the ride. If he found another flopportunity or when Len does, Heiney will be there in a heartbeat. Just like the Yoli crap. He pissed away several hundred dollars on the samples and tapes and books and other worthless garbage that Len conned him into buying. Then he lied about all of that and did nothing. That's his life pattern. Lies, hype, b.s. and laziness. We have no idea in truth, what other b.s. he is trying either. It's not like he would admit to anything or ever tell the truth about it. Hell, he lied about the above ads and using them when called on it and then tried to backpeddle.
    Last edited by A Life Aloft; 12-23-2010 at 04:55 PM.

  19. #19
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    Send Out Cards - 2010 Income disclosure statement



    Hmmnn,

    95.29% of members are at the "distributor" level

    92.26% of "distributors" are considered to be "active"

    The average GROSS(before expenses) earnings of that 95.29% of ALL members is $335.10 per YEAR.

    Sounds like your average, run-of-the-mill MLM to me.

    Sounds a bit like Herbalife spiel to me or

    Get the scam going off line and then it will burgeon online. Andy Bowdoin at work again?

    I am not sure where or what company you got this from, but some of the stats are a bit bizarre. Notice the discrepancy between average and median income indicating that the curve is horribly skewed. Also why would it take an average of about 11 months to make manager, but only 4 months to make senior manager? How much does it cost to buy the senior manager position? LOL, they need to modify their disclaimer to say, " While these results are crappy, yours are guaranteed to be worse, because we've already roped in all the suckers...errr customers in your area..."!

    Quote Originally Posted by laidback View Post
    I am not sure where or what company you got this from,
    Why, from SendOutCards itself.

    What you see is a screenshot taken from: https://www.sendoutcards.com/images/pdf/income_disclosure.pdf

    andhttps://www.sendoutcards.com/incomedisclosure/


    Quote Originally Posted by laidback View Post
    I am not sure where or what company you got this from, but some of the stats are a bit bizarre. Notice the discrepancy between average and median income indicating that the curve is horribly skewed. Also why would it take an average of about 11 months to make manager, but only 4 months to make senior manager? How much does it cost to buy the senior manager position? LOL, they need to modify their disclaimer to say, " While these results are crappy, yours are guaranteed to be worse, because we've already roped in all the suckers...errr customers in your area..."!
    Of the few that make money, you can be sure a good number of them are MLM [rhymes with fours] that drag a large downline of unsuspecting sheep with them from one to the next. The big money is often in the early sign-up fees and autoshit enrollments etc. This 98% loss rate is completely typical. At my house we call it the Trickle Up Theory of Economics. All of the money trickles up to the top of the pyramid and all the honest hard working little people on the bottom just get screwed!

    Soapboxmom

    As for the old often used rationalization "lots of people do it to make a few extra dollars"

    How about this little gem from the same report:



    Get that ??

    The average income for ALL distributors in SendOutCards for 2010 was $478.75 A YEAR
    Last edited by Soapboxmom; 10-18-2012 at 01:28 PM.
    It seems like in this "industry" common sense is not all that common!

  20. #20
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    Send Out Cards - 2010 Income Disclosure Statement



    95.29% of all distributors earned an annual GROSS average of $335.10


    Less than 0.01% of all distributors earned an annual average of $284,274.02

    https://www.sendoutcards.com/images/pdf/income_disclosure.pdf

    Out of their own mouths.

    The only thing necessary for the triumph of evil is for good men to do nothing

  21. #21
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    Re: Send Out Cards - 2010 Income Disclosure Statement

    No wonder Ohein56 can't afford his diabetic supplies. He has never made beans. Talk about looking foolish for defending an MLM. Notice the bottom rung has been in a very short time. That indicates the dropout rate is massive. Isn't that a big surprise.

    Soapboxmom

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