Everyday, when I check my email I get dozens of e-mails from so called “big name gurus.” The lateset round of e-mails and offers that have hit my in-box concern another self proclaimed network marketing guru, Ann Sieg. Now, she may or may not be, until I do my homework I won’t know if this is an offer I should consider.
The Internet allows us to do our homework on any MLM company, or person trying to shove yet another costly secret at us. Finding valuable information either good or bad can be done with ease. Properly doing Your research will require less than an hour of Your time. All You have to do is a Google search on either the company or the person. You will be very surprised at how easy it is to determine if You should invest either Your time, Your reputation, Your money, or all three.
Please remember there are five essential items, things, attributes (whatever you want to call them)that a good and decent network marketing company MUST have in order for you to be successful promoting with that company or person.
I explain in the post about the 5 Pillars (see my archives) how to eavaluate a network marketing company to determine if the company You are thinking of joining has those 5 pillars, and if it will help or hinder your achievment of Your MLM dreams.
Education and training on how to make a decent living in this great industry of ours should be free! Those of us who have found success in network marketing should be very willing to help anyone that wants to learn how to succeed.
The available abundance of wealth will never run out, we should not try to hoard it for ourselves. Or sell it for a price!
Now, You have to remember that I have been asked to purchase this several times by emails, from so-called gurus and even from people I know. The price of this so called secret is a mere $67.00. Do you realize that at the minimum wage in this country this is over 10 hours worth of work? I believe that this is worth my time investmet of one hour or less,so that I can verify the validity of the offers.
Training and mentoring in network marketing should be free! Remember that and don’t spend money on information you can find on the Internet.
Click on these links for FREE mentoring with my group, Mentoring for Free, and for a FREE ebook, Success in 10 Steps. Help is available and you don’t have to pay for it!
Thursday, August 21, 2008
Monday, August 18, 2008
What’s in Your Comp Plan?
Want some insight into figuring out how your MLM company is paying you? These are some general but, Oh So important questions to ask, and get answers to about YOUR money!
Is Your Compensation plan set up for recruiting or retail sales? If Your plan is focused on recruiting you’re just building a paycheck, you’ll get no residual income from recruiting and you’ll never be able to retire….Isn’t that what we’re doing this for? Your plan should be focused on retail sales.
How many people do you need in your organization to make your desired amount of income per month? Ask yourself…How much do you make per distributor? per spot? and divide that into your desired monthly income. That will tell you how many people you need to make that amount of money each month. Then ask yourself….Is this do-able for me? and how long will it take me?
You just may be surprised at the answers you get!
How is the money transferred? Does your new distributor send YOU the check, then You take your share and send the rest to the company? Can you only pay with cash? a money order? or a check? If You’re taking the money then, taking your share and sending the rest to the company, who owes who the 1099 tax form at the end of the year? That company is only going to claim the amount of money that they received. If Your company does not accept credit cards, they have NO merchant account! Why?
What product is your company promoting? If Your company has NO product ,or NO retail sales, then you are in an illegal pyramid scheme. This company will eventually get shut down and all the time, hard work and money that you have invested will be gone forever!
Ask Yourself, would I buy this product with no business opportunity attached to it? Did you know that 72-74% of a downline are product users only! Not everybody wants in on your business!
Have you done a search on Ebay for your companies product? What’s it selling for? If I can go to Ebay and buy your product for $2 a bottle and you’re trying to sell it to me for $19.95, which one do you think I’m going to buy? Also….If there is an over abundance of your companies product for sell on Ebay I would want to know why?
Is your company Publicly Traded? Publicly traded companies have a high overhead, the higher the overhead the less you will be paid! The cost of maintaining the fancy building, the vehicle fleet, and the CEO’s extravagant vacations 4 times a year will continue to rise and the Compensation plan will continue to be adjusted taking money from YOU, the distributor, each and every time.
Does your Compensation plan pay part-timers? This is important because when we first start our business it is often necessary to keep our full time employment until we are established and making money. The only time we have left is “part time” to work on our business. If the
Compensation plan is designed to pay part timers then we will be in profit much sooner and able to own our own lives…..Isn’t that what we’re doing this for?
In summary, People, take a good long look at the compensation plan before you join any company, get the answers to these questions and make an educated decision on if you really want to join this company and if You will ever be able to make any money with it. The answers are easy to find, you can get a great start in this free e-book, Success in 10 Steps.
Is Your Compensation plan set up for recruiting or retail sales? If Your plan is focused on recruiting you’re just building a paycheck, you’ll get no residual income from recruiting and you’ll never be able to retire….Isn’t that what we’re doing this for? Your plan should be focused on retail sales.
How many people do you need in your organization to make your desired amount of income per month? Ask yourself…How much do you make per distributor? per spot? and divide that into your desired monthly income. That will tell you how many people you need to make that amount of money each month. Then ask yourself….Is this do-able for me? and how long will it take me?
You just may be surprised at the answers you get!
How is the money transferred? Does your new distributor send YOU the check, then You take your share and send the rest to the company? Can you only pay with cash? a money order? or a check? If You’re taking the money then, taking your share and sending the rest to the company, who owes who the 1099 tax form at the end of the year? That company is only going to claim the amount of money that they received. If Your company does not accept credit cards, they have NO merchant account! Why?
What product is your company promoting? If Your company has NO product ,or NO retail sales, then you are in an illegal pyramid scheme. This company will eventually get shut down and all the time, hard work and money that you have invested will be gone forever!
Ask Yourself, would I buy this product with no business opportunity attached to it? Did you know that 72-74% of a downline are product users only! Not everybody wants in on your business!
Have you done a search on Ebay for your companies product? What’s it selling for? If I can go to Ebay and buy your product for $2 a bottle and you’re trying to sell it to me for $19.95, which one do you think I’m going to buy? Also….If there is an over abundance of your companies product for sell on Ebay I would want to know why?
Is your company Publicly Traded? Publicly traded companies have a high overhead, the higher the overhead the less you will be paid! The cost of maintaining the fancy building, the vehicle fleet, and the CEO’s extravagant vacations 4 times a year will continue to rise and the Compensation plan will continue to be adjusted taking money from YOU, the distributor, each and every time.
Does your Compensation plan pay part-timers? This is important because when we first start our business it is often necessary to keep our full time employment until we are established and making money. The only time we have left is “part time” to work on our business. If the
Compensation plan is designed to pay part timers then we will be in profit much sooner and able to own our own lives…..Isn’t that what we’re doing this for?
In summary, People, take a good long look at the compensation plan before you join any company, get the answers to these questions and make an educated decision on if you really want to join this company and if You will ever be able to make any money with it. The answers are easy to find, you can get a great start in this free e-book, Success in 10 Steps.
Friday, August 15, 2008
How to Be Successful in Network Marketing - #1 Don’t Buy Leads!
So, you’ve tried and tried, and worked and worked, and paid and paid! I know, I’ve been there. I’ve lost a lot of money and was frustrated at my lack of success. But Network Marketing can and does work. But you have to know what you are doing, you have to learn the ropes, and you have to be with a good company, where management has the higest integrity and is looking out for you.
You want to be successful and financially free. And Network Marketing is a good way to accomplish this. But there are lots of scams out there. Or companies that are just not looking out for their reps.
Are you buying leads for hundreds or thousands of dollars each month. Trust me, buying leads does not work!! I know, I’ve tried it. I once spent $1,275 on leads in one month, and you know how many people I signed up? Zero!!! Yep, that’s right, a big fat zero!
There is a way to make money in this business, but you have to know what you are doing, and you have to work with great people who know what they are doing, too. And nobody should charge for this information. A good mentor will mentor you for free,
So, where do you go from here? Well, you need to be educated, and you need a great mentor.
Check out my links for a free e-book called Success in 10 Steps, and the Mentoring for Free site.
You want to be successful and financially free. And Network Marketing is a good way to accomplish this. But there are lots of scams out there. Or companies that are just not looking out for their reps.
Are you buying leads for hundreds or thousands of dollars each month. Trust me, buying leads does not work!! I know, I’ve tried it. I once spent $1,275 on leads in one month, and you know how many people I signed up? Zero!!! Yep, that’s right, a big fat zero!
There is a way to make money in this business, but you have to know what you are doing, and you have to work with great people who know what they are doing, too. And nobody should charge for this information. A good mentor will mentor you for free,
So, where do you go from here? Well, you need to be educated, and you need a great mentor.
Check out my links for a free e-book called Success in 10 Steps, and the Mentoring for Free site.
Thursday, August 14, 2008
Seven Steps to Remeber When Building Your Network Marketing Business
Why does success in network marketing seem so difficult?
Let’s agree to start teaching “The Seven Steps” of network marketing success to those who actually want to create the life of their dreams, and leave the rest of the world alone. After all, we’re involved in a great industry, with terrific people, offering unlimited opportunity. And we should be proud to speak the truth.
1) Network Marketing is a business.
Networking is a unique form of enterprise, and you’ve got to understand the game you’re playing. Therefore mentally consume every page of your distributor manual the day it arrives. Listen to your training tapes again, and again, and again. Like a song on the radio, you learn the lyrics by hearing the music one more time.
2) Freedom by the numbers.
Understand the numbers, and your compensation plan. Start by involving three or five people, whatever number your plan dictates. By your fifth year, the commissions paid on your invested efforts could well equal a mid six-figure annual income. After that, the sky’s the limit.
3) Attend every live event.
The weekly presentation is part of the process. You need to be in attendance every week, to see the presentation again. Remember the music? You need the association, and the environment to showcase your company for your prospects. True, not everyone attending every meeting earns $10,000 a month. However, everyone earning $10,000 a month attends every meeting. Now that’s a refined study of the obvious.
4) Work only one company.
Leaders understand this truth, because no man or woman can serve two masters.
5) Have a compelling written “Why?”
Success in Network Marketing is 20% how to, and 80% why to. The best part is, if your reasons are strong enough, you’ll learn everything you need to know along your journey.
6) Invest in yourself first.
Some people are still trying to earn 2008 money using a 1982 education. It can’t be done. If you want to earn more, you’ve got to learn more. Therefore, read all the books, attend all the classes, and learn everything you possibly can.
7) Decide in writing you’ll be here a year from now.
Long-term written goals possess the power to pull you right to the top of your company. Put your dreams for your future on paper, and begin building your dream life!
These “Seven Steps” will take you to the top!
Let’s agree to start teaching “The Seven Steps” of network marketing success to those who actually want to create the life of their dreams, and leave the rest of the world alone. After all, we’re involved in a great industry, with terrific people, offering unlimited opportunity. And we should be proud to speak the truth.
1) Network Marketing is a business.
Networking is a unique form of enterprise, and you’ve got to understand the game you’re playing. Therefore mentally consume every page of your distributor manual the day it arrives. Listen to your training tapes again, and again, and again. Like a song on the radio, you learn the lyrics by hearing the music one more time.
2) Freedom by the numbers.
Understand the numbers, and your compensation plan. Start by involving three or five people, whatever number your plan dictates. By your fifth year, the commissions paid on your invested efforts could well equal a mid six-figure annual income. After that, the sky’s the limit.
3) Attend every live event.
The weekly presentation is part of the process. You need to be in attendance every week, to see the presentation again. Remember the music? You need the association, and the environment to showcase your company for your prospects. True, not everyone attending every meeting earns $10,000 a month. However, everyone earning $10,000 a month attends every meeting. Now that’s a refined study of the obvious.
4) Work only one company.
Leaders understand this truth, because no man or woman can serve two masters.
5) Have a compelling written “Why?”
Success in Network Marketing is 20% how to, and 80% why to. The best part is, if your reasons are strong enough, you’ll learn everything you need to know along your journey.
6) Invest in yourself first.
Some people are still trying to earn 2008 money using a 1982 education. It can’t be done. If you want to earn more, you’ve got to learn more. Therefore, read all the books, attend all the classes, and learn everything you possibly can.
7) Decide in writing you’ll be here a year from now.
Long-term written goals possess the power to pull you right to the top of your company. Put your dreams for your future on paper, and begin building your dream life!
These “Seven Steps” will take you to the top!
Wednesday, August 13, 2008
Make Sure You Read the Policies & Procedures of Any Network Marketing Company You are Thinking of Joining!
Policies & Procedures (P&Ps) are legal contracts that people are required to sign when they join a network marketing company. The problem is that the majority of people either don't read them or didn't understand them. (Some companies' P&Ps can run to 30 or more pages, and it's pretty boring legalese.)
Policies and Procedures, Terms of Service, Consultant Agreement, and Independent Sales Rep Contracts are a few of the names MLM companies call the legal binding contracts they require you sign when you join their company.
Does this look familiar to you?
"I have read, understand and agree to the Terms of Agreement, the Policies and Procedures, and the Compensation Plan."
How many people read the enire contract all the way through?Probably not too many.
If you hired a lawyer to read it first and explain it to you in layman's terms, then you would have a clear understanding of whether or not you wanted to sign that contract. But who is going to go to that kind of trouble and expense. And besides, you are saying right now, "my awesome network markting company would never cheat me out of my business! It is a totally honest company!"
They want you to think that signing the P&Ps is just a simple formality. Think again.
Here's a little story.
Joe and his wife Mary joined a great network marketing company. Things were really going great for Joe and Mary. In just a few short years, they were able to quit their day jobs and build their home business full time. They were so happy to be living a life that had always dreamed about.
Then one day, all the happiness and success came to a screeching halt.
Joe and Mary received a letter in the mail from their network marketing company. When they read the letter, they tried to make sense of the devastating news: the company told Joe and Mary that their affiliation with the company had been terminated. No reason, no apologizes, just terminated.
Joe and Mary were very upset, of course. They spent years building a great organization of honest, hard working people. They helped the company train people and gave seminars. They gave everything they had to this company.
They took all of their documents to a lawyer to find out what they could do legally to stop the company from terminating them.
The lawyer sat reading through the company's Policies and Procedures that Joe and Mary had signed when they joined the company. After reading the document, the lawyer took out a red marker and circled something on the paper and handed it to Joe and Mary.
Joe and Mary looked at it and read:
AGREEMENT TERMINABLE AT WILLYou may terminate your relationship with [company] at any time by providing a signed written notice to [company]. [Company] may also terminate the relationship with you (including any partnerships, corporations or other entity) at any time by providing written notice. You or [company] are not required to have any reason, nor do you or [company] have to claim or prove any cause to terminate this relationship. If and when the relationship is terminated, you shall have no claim against [company] nor any right to claim or collect lost profits, lost opportunities or any other damages. Termination will result in the loss of all benefits as an [company] Independent Consultant.
There wasn't a thing they could do about it. The loyalty and dedication they had shown the company had not been reciprocated.
Please, if you are thinking of joining a network marketing company, read the Policies & Procedures, don't become another victim of heartless companies. You deserve more than that.
This free e-book will help get you on the right path to learning the skills and knowledge you need to be a complete success in this wonderful industry. There are great companies out there that will never do this to you. But you have to learn how to identify an honest company!
If you are in a company already, read your P&Ps, if you don't like what you read, then you definitely need to read this ebook!
Best of luck to all!
Policies and Procedures, Terms of Service, Consultant Agreement, and Independent Sales Rep Contracts are a few of the names MLM companies call the legal binding contracts they require you sign when you join their company.
Does this look familiar to you?
"I have read, understand and agree to the Terms of Agreement, the Policies and Procedures, and the Compensation Plan."
How many people read the enire contract all the way through?Probably not too many.
If you hired a lawyer to read it first and explain it to you in layman's terms, then you would have a clear understanding of whether or not you wanted to sign that contract. But who is going to go to that kind of trouble and expense. And besides, you are saying right now, "my awesome network markting company would never cheat me out of my business! It is a totally honest company!"
They want you to think that signing the P&Ps is just a simple formality. Think again.
Here's a little story.
Joe and his wife Mary joined a great network marketing company. Things were really going great for Joe and Mary. In just a few short years, they were able to quit their day jobs and build their home business full time. They were so happy to be living a life that had always dreamed about.
Then one day, all the happiness and success came to a screeching halt.
Joe and Mary received a letter in the mail from their network marketing company. When they read the letter, they tried to make sense of the devastating news: the company told Joe and Mary that their affiliation with the company had been terminated. No reason, no apologizes, just terminated.
Joe and Mary were very upset, of course. They spent years building a great organization of honest, hard working people. They helped the company train people and gave seminars. They gave everything they had to this company.
They took all of their documents to a lawyer to find out what they could do legally to stop the company from terminating them.
The lawyer sat reading through the company's Policies and Procedures that Joe and Mary had signed when they joined the company. After reading the document, the lawyer took out a red marker and circled something on the paper and handed it to Joe and Mary.
Joe and Mary looked at it and read:
AGREEMENT TERMINABLE AT WILLYou may terminate your relationship with [company] at any time by providing a signed written notice to [company]. [Company] may also terminate the relationship with you (including any partnerships, corporations or other entity) at any time by providing written notice. You or [company] are not required to have any reason, nor do you or [company] have to claim or prove any cause to terminate this relationship. If and when the relationship is terminated, you shall have no claim against [company] nor any right to claim or collect lost profits, lost opportunities or any other damages. Termination will result in the loss of all benefits as an [company] Independent Consultant.
There wasn't a thing they could do about it. The loyalty and dedication they had shown the company had not been reciprocated.
Please, if you are thinking of joining a network marketing company, read the Policies & Procedures, don't become another victim of heartless companies. You deserve more than that.
This free e-book will help get you on the right path to learning the skills and knowledge you need to be a complete success in this wonderful industry. There are great companies out there that will never do this to you. But you have to learn how to identify an honest company!
If you are in a company already, read your P&Ps, if you don't like what you read, then you definitely need to read this ebook!
Best of luck to all!
Tuesday, August 12, 2008
More Scams - Protect Yourself!
These headlines are from MLMwatchdog.com…
FEDS WANT $55 MIL ITV - MLM PARENT7 Aug 2008 — Federal rules against ITV
AD SURF DAILY: FEDS GRAB $53 MILLION = SCAM5 Aug 2008 — Owners houses seized/searched and offices records taken.
CALIFORNIA AG HITS YTB $25 MILLIONThis morning 5 Aug 2008 - As WatchDog Predicted numbers just don’t run
You can read these at mlmwatchdog.com
Mentoring for Free has been trying to spread the word that if your in an MLM compnay, YOU need to:
READ Your policies and procedures
Understand the Company's Business Model
Know if You are in a “5 Pillars company”
You have to protect Yourself and your money! The only way to dothis is to learn what defines a "valid" company that You canbuild and not worry about losing it when the Feds shut Youdown. Valid not Legal.
Mentoring for Free can help! We teach, mentor, and coach folks for FREE and we can show you how to properly evaluate Any Network Marketingcompany.
We do this so that the average person can become successfulat Network Marketing. This is a Great Industry, and network marketing can and does work. But you have to learn how to do it right, and how to pick a good company!
Do you realize that when these three companies topple, that nearly200,000 people -- that's Two Hundred Thousand Distributors -- will be affected ? They will lose everything!
If Your are in one these companies, or you are not sure about your company, and If you want success, Please, Please download my FREE e-book and then I can answer any questions you might have.
It is Later than you think! Read this e-book today!!
FEDS WANT $55 MIL ITV - MLM PARENT7 Aug 2008 — Federal rules against ITV
AD SURF DAILY: FEDS GRAB $53 MILLION = SCAM5 Aug 2008 — Owners houses seized/searched and offices records taken.
CALIFORNIA AG HITS YTB $25 MILLIONThis morning 5 Aug 2008 - As WatchDog Predicted numbers just don’t run
You can read these at mlmwatchdog.com
Mentoring for Free has been trying to spread the word that if your in an MLM compnay, YOU need to:
READ Your policies and procedures
Understand the Company's Business Model
Know if You are in a “5 Pillars company”
You have to protect Yourself and your money! The only way to dothis is to learn what defines a "valid" company that You canbuild and not worry about losing it when the Feds shut Youdown. Valid not Legal.
Mentoring for Free can help! We teach, mentor, and coach folks for FREE and we can show you how to properly evaluate Any Network Marketingcompany.
We do this so that the average person can become successfulat Network Marketing. This is a Great Industry, and network marketing can and does work. But you have to learn how to do it right, and how to pick a good company!
Do you realize that when these three companies topple, that nearly200,000 people -- that's Two Hundred Thousand Distributors -- will be affected ? They will lose everything!
If Your are in one these companies, or you are not sure about your company, and If you want success, Please, Please download my FREE e-book and then I can answer any questions you might have.
It is Later than you think! Read this e-book today!!
So, You Want Some Answers?!
If you’re like most people struggling to succeed in network marketing, you’ve asked one or more of the following questions:
Why am I struggling so to make this work?
What are the secrets to recruiting?
Should I be using closing techniques?
Where are the best places to find interested people?
What’s the best MLM recruiting system?
How do I find the top ten mlm companies?
How can I avoid a scam?
What are some good MLM strategies?
Does my network marketing company have the five pillars?
How important is a good product?
Should I try for multiple streams of income?
Should I buy leads?
What’s wrong with me?
Why am I losing so much of my downline?
Where’s my sponsor?
Why can’t I find good workers?
Should I try a ground floor opportunity?
Am I treating people like numbers?
Why doesn’t anybody want my product?
Why are my friends and family avoiding me?
Is this sales?
Why am I not making the money I expected?
How can I improve my phone skills?
How can I improve my people skills?
Are there inexpensive ways to advertise?
Where can I find a mentor for network marketing or MLM coach?
Why do so many people fail at MLM?
How do I figure out my company's pay plan?
Are all MLM compensation plans the same?
Should I have read my policies and procedures before joining?
Where can I find help in my MLM business?
Am I doing something wrong that I don’t know about?
If you want answers to these questions, and any other questions you might have, read this FREE e-book, Success in 10 Steps. It is a guide for those weary, frustrated network marketers looking for answers! Save yourself years of failure and frustration. Also, check out my Mentoring for Free website. Everything is free, so you have nothing to lose and everything to gain!
Why am I struggling so to make this work?
What are the secrets to recruiting?
Should I be using closing techniques?
Where are the best places to find interested people?
What’s the best MLM recruiting system?
How do I find the top ten mlm companies?
How can I avoid a scam?
What are some good MLM strategies?
Does my network marketing company have the five pillars?
How important is a good product?
Should I try for multiple streams of income?
Should I buy leads?
What’s wrong with me?
Why am I losing so much of my downline?
Where’s my sponsor?
Why can’t I find good workers?
Should I try a ground floor opportunity?
Am I treating people like numbers?
Why doesn’t anybody want my product?
Why are my friends and family avoiding me?
Is this sales?
Why am I not making the money I expected?
How can I improve my phone skills?
How can I improve my people skills?
Are there inexpensive ways to advertise?
Where can I find a mentor for network marketing or MLM coach?
Why do so many people fail at MLM?
How do I figure out my company's pay plan?
Are all MLM compensation plans the same?
Should I have read my policies and procedures before joining?
Where can I find help in my MLM business?
Am I doing something wrong that I don’t know about?
If you want answers to these questions, and any other questions you might have, read this FREE e-book, Success in 10 Steps. It is a guide for those weary, frustrated network marketers looking for answers! Save yourself years of failure and frustration. Also, check out my Mentoring for Free website. Everything is free, so you have nothing to lose and everything to gain!
Monday, August 11, 2008
California AG says “YTB Is a Gigantic Pyramid Scheme”
My mentor Sarah posted this on her blog to expose these pyramid schemes.
Do Your homework before you commit to a company or program to avoid pyramid schemes and scams. You need to know what to look for to do the analysis - When You know this it is like having your own crystal ball. You will be able to predict whcih companies are Scams and Pyramid schemes .
California Attorney General Brown said:
“YourTravelBiz.com operates a gigantic pyramid scheme that is immensely profitable to a few individuals on top and a complete rip-off for most everyone else, Today’s lawsuit seeks to shut down the company’s unlawful operation before more people are exploited by the scam.”
The above quote comes directly from the office of the Attorney General for the State of California. Industry leaders in the network marketing industry immediately reported YTB, or Your Travel Biz, as being a pyramid scheme. They had the knowledge to properly analyze YTB, and to see behind the curtain.
Another example is Burnlounge, they too were a publicly traded illegal pyramid. The Attorney General sued them and they terminated the MLM program within a few short days - All of their distributors lost their entire organizations.
Did you know that YTB has released plans to change to a franchised operation. You need to find out if your MLM company’s pay plan is similar to YTB’s. Read your company’s policies and procedures and the compansation plan. Once You have read these, compare it YTB’s P&P and comp plan, see if they are similar, I have seen many network marketing companies that have YTB mirror-image compensation plans .
Typical companies with low profit margin products and services using YTB mirror-image plans are usually service and education or technology-based operations.
As these companies grow, the number of people that get scammed increases, when the pain level increases and distributros atart screaming, the state Attorney General has to act. This is Why these companies last for only 2 or 3 years.
You can learn and watch for reports like this one by signing up for Rod Cook’s MLM Watchdog newsletter at http://mlmwatchdog.com/
My axiom “Get educated, or get scamed!”
You can further your education here for Free! Check out my Mentoring for Free website and this Free e-book, Success in 10 Steps.
Do Your homework before you commit to a company or program to avoid pyramid schemes and scams. You need to know what to look for to do the analysis - When You know this it is like having your own crystal ball. You will be able to predict whcih companies are Scams and Pyramid schemes .
California Attorney General Brown said:
“YourTravelBiz.com operates a gigantic pyramid scheme that is immensely profitable to a few individuals on top and a complete rip-off for most everyone else, Today’s lawsuit seeks to shut down the company’s unlawful operation before more people are exploited by the scam.”
The above quote comes directly from the office of the Attorney General for the State of California. Industry leaders in the network marketing industry immediately reported YTB, or Your Travel Biz, as being a pyramid scheme. They had the knowledge to properly analyze YTB, and to see behind the curtain.
Another example is Burnlounge, they too were a publicly traded illegal pyramid. The Attorney General sued them and they terminated the MLM program within a few short days - All of their distributors lost their entire organizations.
Did you know that YTB has released plans to change to a franchised operation. You need to find out if your MLM company’s pay plan is similar to YTB’s. Read your company’s policies and procedures and the compansation plan. Once You have read these, compare it YTB’s P&P and comp plan, see if they are similar, I have seen many network marketing companies that have YTB mirror-image compensation plans .
Typical companies with low profit margin products and services using YTB mirror-image plans are usually service and education or technology-based operations.
As these companies grow, the number of people that get scammed increases, when the pain level increases and distributros atart screaming, the state Attorney General has to act. This is Why these companies last for only 2 or 3 years.
You can learn and watch for reports like this one by signing up for Rod Cook’s MLM Watchdog newsletter at http://mlmwatchdog.com/
My axiom “Get educated, or get scamed!”
You can further your education here for Free! Check out my Mentoring for Free website and this Free e-book, Success in 10 Steps.
Saturday, August 9, 2008
Are You Frustrated by Your Lack of Success in Network Marketing?
When you advertise your MLM opportunity use THAT keyword - Frustrated!
Frustrated network marketers REALLY want answers to their questions, they want to know why they are not successful. It is eating away at them, why they just haven’t made it big. They are so darned … FRUSTRATED!!!!
Use that word, FRUSTRATED - when you are advertising and talking to your leads. Pound, pound, pound on “frustrated.” That word is worth its weight in gold.
Things change over time. It may not always be this way. But it definitely is true now. MLMers are frustrated right now, and they want answers now. Use that knowledge when you advertise to them and when you talk with them.
Tell your leads that “It Is NOT Your Fault!” When they hear those words, they will feel so much relief!
When you can show a person how he/she got into a position where he/she could NOT POSSIBLY have been successful, a giant weight is lifted. These people will realize, “Hey! It really wasn’t my fault!” And now, these leads will be free to work with you and pursue MLM success with a much greater knowledge of what it takes to achieve that success … and with the understanding of how to evaluate one network marketing opportunity against another, to choose the one where they have a real chance to achieve their dreams. In essence, those 5 Pillars companies!
THAT can make all the difference in the world to these folks … and to your business-building results.
Frustrated network marketers REALLY want answers to their questions, they want to know why they are not successful. It is eating away at them, why they just haven’t made it big. They are so darned … FRUSTRATED!!!!
Use that word, FRUSTRATED - when you are advertising and talking to your leads. Pound, pound, pound on “frustrated.” That word is worth its weight in gold.
Things change over time. It may not always be this way. But it definitely is true now. MLMers are frustrated right now, and they want answers now. Use that knowledge when you advertise to them and when you talk with them.
Tell your leads that “It Is NOT Your Fault!” When they hear those words, they will feel so much relief!
When you can show a person how he/she got into a position where he/she could NOT POSSIBLY have been successful, a giant weight is lifted. These people will realize, “Hey! It really wasn’t my fault!” And now, these leads will be free to work with you and pursue MLM success with a much greater knowledge of what it takes to achieve that success … and with the understanding of how to evaluate one network marketing opportunity against another, to choose the one where they have a real chance to achieve their dreams. In essence, those 5 Pillars companies!
THAT can make all the difference in the world to these folks … and to your business-building results.
Friday, August 8, 2008
What’s Wrong with Asking Friends and Family?
Good question. Here’s how this works.
Most businesses, over 90%, fail. You and your friends and family are no different. And when your friends and family fail, who are they going to blame? YOU!
Once you have your business working and you are making money, then go for it, ask friends and family. You probably won’t even have to call them - they will hear the good news, and they will call you. They will want in on your business and they’ll want to know how you did it. And then you can teach them exactly how you read this free e-book, Success in 10 Steps, to find the strongest leads in the business to build your network marketing income.
So don’t lose your friends, and alienate your family. Read Success in 10 Steps and get good training and get good at building your business. Make your mistakes with the people you don’t know. You can ask friends and family later, after you have achieved success.
That will make for a much happier Thanksgiving dinner!
Most businesses, over 90%, fail. You and your friends and family are no different. And when your friends and family fail, who are they going to blame? YOU!
Once you have your business working and you are making money, then go for it, ask friends and family. You probably won’t even have to call them - they will hear the good news, and they will call you. They will want in on your business and they’ll want to know how you did it. And then you can teach them exactly how you read this free e-book, Success in 10 Steps, to find the strongest leads in the business to build your network marketing income.
So don’t lose your friends, and alienate your family. Read Success in 10 Steps and get good training and get good at building your business. Make your mistakes with the people you don’t know. You can ask friends and family later, after you have achieved success.
That will make for a much happier Thanksgiving dinner!
Thursday, August 7, 2008
The Essential 5 Pillars!
Explanation of the 5 Pillars that a Network Marketing Company Must Have for You to be Successful:
Before you get involved with a network marketing company, make sure it has these five key qualities before you sign up (and, of course, before you invest any money!) If not, run like heck (in the opposite direction!).
Pillar 1. Does the company management have integrity?
Do a Google search on the company owner(s). If the owner has had any experience in building a network marketing downline then the compensation plan will keep the distributor in mind. The plan will make it easy to build a business and there will be an excellent support system in place.
If, however, the owner(s) have never built a downline, the compensation plan will put the company before its distributors. The plan will make it very difficult for the distributors to make money, if they can at all. Another thing to consider is the Policies & Procedures of the company. If the company does not make the P&Ps readily available to read before you sign up, they may have something to hide (like lots of extra hidden fees, etc.)
Pillar 2. Timing in the company. Timing in the industry!
Approximately 92% of new companies fail. If the company does not own it's own software program, they will have problems with it most of the time. They will have to hire someone to tweak it here and there, they will not be able to maintain the website themselves. This can be very costly. It is much better to join a company that has been in business for two years or more.
Timing in the company - if you current company is past the growth phase, then it will be very difficult to build a large business - the right company should be entering or in the momentum phase of its growth.
Pillar 3. MLM products!
Most companies do have remarkable products. But you have to ask yourself this question: "would I buy the products if there was not a business opportunity involved?"
If you join this company, do you get a discount on the products? If so, what is the product really worth? This type of behavior indicates a recruiting mentality. If you are only recruiting, you are only building a temporary paycheck. There must be retail sales to develop a true residual income.
Pillar 4. Network Marketing Compensation Plan.
A good compensation plan is one that pays the most with the least amount of people in your downline. Does the plan pay on your total volume, or does it pay on specific numbers of levels, or stop after a set depth? Does it pay part-timers? Do you make money on retail sales? If it is less then 7%, that will kill you!!
There is a simple formula that will show you exactly how many people you will need in your organization to make your desired monthly income:How much money do you make per person, per spot, and divide that by your desired monthly income. This simple formula will give you the exact number of people you will need in your organization. Once you have that figure, ask yourself if this is something you think you can reasonably achieve. Then ask yourself if this is something that your team will be able to achieve as well.
Pillar 5. MLM Systems for Success!
It is absolutely imperative that you have a system that is duplicateable. People are not duplicateable, systems are!! So when your new distributor asks, "can I do this, and will you help me" will you be able to? Network marketing is about building relationships and trust. People join people, they do not join companies!! If they do, they don't stay long.
For more information on how to succeed in this business, check out my Mentoring for Free Web site and download my FREE e-book - Success in 10 Steps. Best of luck with your network marketing business!
Before you get involved with a network marketing company, make sure it has these five key qualities before you sign up (and, of course, before you invest any money!) If not, run like heck (in the opposite direction!).
Pillar 1. Does the company management have integrity?
Do a Google search on the company owner(s). If the owner has had any experience in building a network marketing downline then the compensation plan will keep the distributor in mind. The plan will make it easy to build a business and there will be an excellent support system in place.
If, however, the owner(s) have never built a downline, the compensation plan will put the company before its distributors. The plan will make it very difficult for the distributors to make money, if they can at all. Another thing to consider is the Policies & Procedures of the company. If the company does not make the P&Ps readily available to read before you sign up, they may have something to hide (like lots of extra hidden fees, etc.)
Pillar 2. Timing in the company. Timing in the industry!
Approximately 92% of new companies fail. If the company does not own it's own software program, they will have problems with it most of the time. They will have to hire someone to tweak it here and there, they will not be able to maintain the website themselves. This can be very costly. It is much better to join a company that has been in business for two years or more.
Timing in the company - if you current company is past the growth phase, then it will be very difficult to build a large business - the right company should be entering or in the momentum phase of its growth.
Pillar 3. MLM products!
Most companies do have remarkable products. But you have to ask yourself this question: "would I buy the products if there was not a business opportunity involved?"
If you join this company, do you get a discount on the products? If so, what is the product really worth? This type of behavior indicates a recruiting mentality. If you are only recruiting, you are only building a temporary paycheck. There must be retail sales to develop a true residual income.
Pillar 4. Network Marketing Compensation Plan.
A good compensation plan is one that pays the most with the least amount of people in your downline. Does the plan pay on your total volume, or does it pay on specific numbers of levels, or stop after a set depth? Does it pay part-timers? Do you make money on retail sales? If it is less then 7%, that will kill you!!
There is a simple formula that will show you exactly how many people you will need in your organization to make your desired monthly income:How much money do you make per person, per spot, and divide that by your desired monthly income. This simple formula will give you the exact number of people you will need in your organization. Once you have that figure, ask yourself if this is something you think you can reasonably achieve. Then ask yourself if this is something that your team will be able to achieve as well.
Pillar 5. MLM Systems for Success!
It is absolutely imperative that you have a system that is duplicateable. People are not duplicateable, systems are!! So when your new distributor asks, "can I do this, and will you help me" will you be able to? Network marketing is about building relationships and trust. People join people, they do not join companies!! If they do, they don't stay long.
For more information on how to succeed in this business, check out my Mentoring for Free Web site and download my FREE e-book - Success in 10 Steps. Best of luck with your network marketing business!
Wednesday, August 6, 2008
It’s Easy to Be Successful in Network Marketing - Be a Leader
Why is it that when 500 distributors are invited to attend a three-hour company training workshop, only 50 attend? Where are the other 450?
They feel that investing time in training and working their network marketing business interferes with their daily cable television schedule.
When their small bonus checks arrive at the end of the month, they say: "The business doesn’t work, the checks are too small."
Well, they are partially right. The business doesn’t work — they have to do the work. Ouch! That’s really inconvenient.
There are three types of people in network marketing:
1. Those who joined because they love the products.
2. Those who want to receive big bonus checks, but not do any work.
3. Those who want to earn a bonus check.
Type 3, those who want to earn a bonus check, represent only a small percentage of all network marketers. Most network marketers will give great lip service to the idea that they want to earn bonus checks, but their actions speak louder than words. They say. . .
I can’t go to that opportunity meeting because the season premiere of "24" is on that night!
I won’t go to that opportunity meetings because I attended one once before and it was a waste of my time, I didn't learn anything.
I can't make phone calls, what if the prospect says no?!
I wish the company would make it easier for me by lowering prices or doing my retailing for me.
I can't make up a prospecting list because I really don't think anyone i know would be interested.
I wish beer were served at the training meetings!
The great part about networking is that 95% of all network marketers fall into product users and people who wish for bonus checks.
That means there is little or no competition for dedicated leaders who want to earn their way in this great business. That’s why it is so easy to work and earn large bonus checks in network marketing — there’s no competition at the top!
Distributors and prospects are naturally attracted to leaders who lead by example. Good network marketing leaders don’t have to prospect for new distributors — distributor prospects come to them.
You’ll always hear the non-working network marketing distributors say:
“How is it that my upline leader gets all the good prospects?”
Because prospects look for leaders — not non-workers.
Can you imagine a prospect saying:
“I think I’ll find a sponsor who whines, complains, and doesn’t work the business.”
No way. Good prospects look for energetic, enthusiastic, dedicated, working sponsors.
So, if you want to work where you’ll encounter little competition, start at the top. Be a leader
They feel that investing time in training and working their network marketing business interferes with their daily cable television schedule.
When their small bonus checks arrive at the end of the month, they say: "The business doesn’t work, the checks are too small."
Well, they are partially right. The business doesn’t work — they have to do the work. Ouch! That’s really inconvenient.
There are three types of people in network marketing:
1. Those who joined because they love the products.
2. Those who want to receive big bonus checks, but not do any work.
3. Those who want to earn a bonus check.
Type 3, those who want to earn a bonus check, represent only a small percentage of all network marketers. Most network marketers will give great lip service to the idea that they want to earn bonus checks, but their actions speak louder than words. They say. . .
I can’t go to that opportunity meeting because the season premiere of "24" is on that night!
I won’t go to that opportunity meetings because I attended one once before and it was a waste of my time, I didn't learn anything.
I can't make phone calls, what if the prospect says no?!
I wish the company would make it easier for me by lowering prices or doing my retailing for me.
I can't make up a prospecting list because I really don't think anyone i know would be interested.
I wish beer were served at the training meetings!
The great part about networking is that 95% of all network marketers fall into product users and people who wish for bonus checks.
That means there is little or no competition for dedicated leaders who want to earn their way in this great business. That’s why it is so easy to work and earn large bonus checks in network marketing — there’s no competition at the top!
Distributors and prospects are naturally attracted to leaders who lead by example. Good network marketing leaders don’t have to prospect for new distributors — distributor prospects come to them.
You’ll always hear the non-working network marketing distributors say:
“How is it that my upline leader gets all the good prospects?”
Because prospects look for leaders — not non-workers.
Can you imagine a prospect saying:
“I think I’ll find a sponsor who whines, complains, and doesn’t work the business.”
No way. Good prospects look for energetic, enthusiastic, dedicated, working sponsors.
So, if you want to work where you’ll encounter little competition, start at the top. Be a leader
Tuesday, August 5, 2008
It Is Later Than You Think!
One day all the employees of Company B reached the office and they saw a bigsign on the door.
On it was written:
"Yesterday, the person who has been hindering your growth inthis company passed away. We invite you to join the funeral inthe room that has been prepared in the gym."
In the beginning, they all got sad for the death of one oftheir colleagues, but after a while they started gettingcurious to know who was that man who hindered the growth of hiscolleagues and the company itself.
The excitement in the gym was such that security agents wereordered to control the crowd within the room. The more peoplereached the coffin, the more the excitement heated up.
Everyone thought: ‘Who is this guy who was hindering myprogress? Well, at least he died!"
One by one, the thrilled employees got closer to the coffin, andwhen they looked inside it, they suddenly became speechless.
They stood nearby the coffin, shocked and in silence, as ifsomeone had touched the deepest part of their soul. There wasa mirror inside the coffin; everyone who looked inside it couldsee himself. There was also a sign next to the mirror thatsaid: "There is only one person who is capable of settinglimits on your growth: IT IS YOU!!!!!"
Your life does not change when your boss changes, when yourfriends change, when your parents change, when your spouse changes.
Life does not change when your company changes, when your churchchanges, when your location changes, when your money changes,when your status changes.
Your life changes when YOU change, when you go beyond yourlimits, when you start to truly believe in yourself!
Examine yourself, watch yourself. Don’t be afraid ofdifficulties, impossibilities, or losses. Be a winner, buildyourself and your reality. It’s the way you face Life thatmakes the difference.
Read my FREE E-book. Change your life now!
Live the life you have always dreamed of! Because it is later than you think!
On it was written:
"Yesterday, the person who has been hindering your growth inthis company passed away. We invite you to join the funeral inthe room that has been prepared in the gym."
In the beginning, they all got sad for the death of one oftheir colleagues, but after a while they started gettingcurious to know who was that man who hindered the growth of hiscolleagues and the company itself.
The excitement in the gym was such that security agents wereordered to control the crowd within the room. The more peoplereached the coffin, the more the excitement heated up.
Everyone thought: ‘Who is this guy who was hindering myprogress? Well, at least he died!"
One by one, the thrilled employees got closer to the coffin, andwhen they looked inside it, they suddenly became speechless.
They stood nearby the coffin, shocked and in silence, as ifsomeone had touched the deepest part of their soul. There wasa mirror inside the coffin; everyone who looked inside it couldsee himself. There was also a sign next to the mirror thatsaid: "There is only one person who is capable of settinglimits on your growth: IT IS YOU!!!!!"
Your life does not change when your boss changes, when yourfriends change, when your parents change, when your spouse changes.
Life does not change when your company changes, when your churchchanges, when your location changes, when your money changes,when your status changes.
Your life changes when YOU change, when you go beyond yourlimits, when you start to truly believe in yourself!
Examine yourself, watch yourself. Don’t be afraid ofdifficulties, impossibilities, or losses. Be a winner, buildyourself and your reality. It’s the way you face Life thatmakes the difference.
Read my FREE E-book. Change your life now!
Live the life you have always dreamed of! Because it is later than you think!
Monday, August 4, 2008
How to Generate Your Own Leads
New reps in most network marketing companies are usually told to make a list of family and friends and ask them to join the new business. The new reps then go about calling their prospects, hoping that all these friends and family will be happy to join the business. More often than not, however, rejection is the usual response received and this can be very discouraging for new network marketers.
Another option to get new prospects to join your business is buying "leads." Those people who have answered some ad on the Internet, and are interested in new business opportunities. The problem here is that you don't know where the leads come from, or you don't know how many competitors are sharing the same leads. Also, how fresh are the leads?
What you need is a system of your own that can be used to generate daily fresh leads at minimal caost, leads that are truly interested in joining a successful network marketing company. A system like this will enable you to target business leaders and distributors for you to recruit into your business. Generating your own leads means you will never have to approach family and friends again.
There is a program available called Mentoring For Free that offers you FREE training on how to build a relationship with people, particularly with potential prospects who are really interested in this business. You are taught to avoid the conventional methods taught by most network marketers and instead to rely on your relationship building to attract prospects to your business. All the people in your downline get free training too!
Click on the link above for more information on this FREE mentoring system.
Also, check out my FREE e-book! It is loaded with lots of great information about why you may not be achieving the sucess in network marketing that you are really seeking!
You will learn that it is not your fault. The deck is stacked against the average network marketer. But there is a better way, read the book and check out the Mentoring for Free Website!
To your success!
Another option to get new prospects to join your business is buying "leads." Those people who have answered some ad on the Internet, and are interested in new business opportunities. The problem here is that you don't know where the leads come from, or you don't know how many competitors are sharing the same leads. Also, how fresh are the leads?
What you need is a system of your own that can be used to generate daily fresh leads at minimal caost, leads that are truly interested in joining a successful network marketing company. A system like this will enable you to target business leaders and distributors for you to recruit into your business. Generating your own leads means you will never have to approach family and friends again.
There is a program available called Mentoring For Free that offers you FREE training on how to build a relationship with people, particularly with potential prospects who are really interested in this business. You are taught to avoid the conventional methods taught by most network marketers and instead to rely on your relationship building to attract prospects to your business. All the people in your downline get free training too!
Click on the link above for more information on this FREE mentoring system.
Also, check out my FREE e-book! It is loaded with lots of great information about why you may not be achieving the sucess in network marketing that you are really seeking!
You will learn that it is not your fault. The deck is stacked against the average network marketer. But there is a better way, read the book and check out the Mentoring for Free Website!
To your success!
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