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!
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