Posts tagged as:

Hype

How To Identify and Avoid Pyramid Schemes

by Wayne on February 3, 2010

in News, Alerts, Warnings & Scams

In this world, we have a wonderful industry of network marketing, where there’s an awe inspiring culture of people connecting with each other, believing in each other and helping each other achieve success. However, there is a dark side to this industry that’s taking advantage of the good will of the people who participate in it.

There is an over abundance of pyramid schemes who are masquerading as network marketing opportunities. Pyramid schemes by definition are illegal because they are only sustained by the endless recruiting of new participants into the scheme and they impoverish 99 people for every 1 that benefits from participating.

Being a rep for a pyramid scheme is bad, bad news. Over the past 10 years, the Federal Trade Commission (FTC) has shutdown 17 illegal pyramid schemes and collected more than $90 million lost by victims. But more and more, the Government is not just going after the perpetrators of pyramid schemes, they are going after the top earners as well. [click to continue…]

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Where’s Your Spotlight Pointing? On You Or The Prospect?

by Wayne on January 30, 2010

in How To Attract Targeted MLM Leads

Do you know who your prospect is? Moreover, do you know who your IDEAL prospect is? Most people in network marketing don’t have a clue who their prospects are. And because they don’t know who their prospects are, they never attract the right people to them.

The reason most of us networkers don’t know our prospects is because we haven’t taken the time to listen and understand who they are. We never shine the spotlight on the prospect because we’re too busy shining the spotlight on ourselves, our product and our opportunity.

As distributors, we’ve forgotten what it’s like to be a prospect. We tend to “vomit” all over them with our offer, like this: “We’ve got this awesome super juice that will cure cancer, make your hair grow back, your arms and legs grow back. We’ve got this super comp plan that pays out more money than you put in and our superstar space commander upline leader earns a million bucks a month!” [click to continue…]

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Have You Listened Just Enough?

by Wayne on December 16, 2009

in Understanding People

Have You Listened Just Enough?A lot of network marketers fail and lose their dreams to become successful and financially independent because of rejection, or the fear of rejection. The word “No” has taken more good people out of this industry then any other word in the English language!

The problem is traditionally, network marketers are trained to talk to everybody about their business. Everybody is fair game – the pastor, the police officer, the waitress. I was in a company that really hammered this home – “If you’re not showing 15 plans a month, then you’re not serious, this business is just a hobby!”

And this is why we, as network marketers, face so much rejection – because we’ve been trained to talk, not trained to listen. Unless you’re a well trained, super slick salesperson with inch thick skin, you can’t take that much rejection on a daily basis. [click to continue…]

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Network Marketing and Travel – Do They Mix?

by Wayne on December 10, 2009

in News, Alerts, Warnings & Scams

Cheap Travel and MLM? A Unlikely CoupleRight now there is so much hype on the internet about making money in travel. The travel deals are touting that it’s an $8 TRILLION per year industry – whether this is true, I don’t know, but I doubt it – if you just get the tiny-est slice of this pie, you’ll be rich.

The problem is, most of the travel deals are not selling travel – they are just pretending to be. There is nothing wrong with selling travel packages and getting paid a commission. If you can selling a luxury holiday package and save your customers 60% if they had have arranged that package themselves, then more power to ya. But that’s not where the travel deals are making their money.

There may be a few legitimate online travel deals using a multilevel marketing pay plan, but they are few and far between. They can’t make money selling travel. They just can’t, the profit margins are too low. The industry is too competitive. You can find many great, competitively priced travel deals just by asking Google. The travel MLM’s are making their money on selling memberships. Here’s how they work… [click to continue…]

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