Obligation

Deadly MLM Policies and Procedures (Part I)

by Wayne Wu on December 24, 2009

in MLM Business Models & Legal

If there’s one thing that we, as professional network marketers, should all do, it is to read is and understand our MLM company’s policies and procedures.

The policies and procedures manual will tell you everything you need to know about the integrity of your company’s management team and just how important YOU really are to them.

Unfortunately, alot of us skip this crucial step when we sign up to become distributors.

We skip it because our sign up was based on the trust and relationship we already have with an existing distributor. Or We skip it because we’re blinded by the excitement of being able to start our own business. Or We skip it because we’re not really expecting to be successful. Whatever the reason, this is a crucial step that has major consequences down the road. [click to continue…]

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Will Your Network Marketing Company Allow You to Retire?

by Wayne Wu on December 23, 2009

in MLM Business Models & Legal

The entire philosophy of the network marketing industry is financial freedom – the ability for you to do whatever you want, wherever you want, whenever you want with whoever you want.

A network marketing business is supposed to be something that you work hard for a few years to build once, then you should be able to retire to enjoy the fruits of your labour and your business should still grow autonomously.

So with that in mind, I want to share with you a little experience I had. A while ago, I thought about joining a relatively new MLM company. I was attracted to the company’s business philosophy and its products. But thanks to training I had received from my mentor, I made a wise decision not to join this company – as good as its products were and all.

As I read the policies and procedures of this company – that is, the contract between you, the distributor, and the company – I realised that I could build this company, but I wouldn’t be able to retire, ever. That’s because the company had “ongoing” activity clauses in its contract. [click to continue…]

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