You may find this a little bit worrying. You may or may not believe it could happen to you. But it does happen… more often than you think. It’s already happened with two major companies in 2010.
Some “network marketing” company managers are so stupid, that they don’t even know what their primary asset is. With their massive greed and over inflated egos, they let the distributors do all the hard work, then they pull the rug out from underneath.
Imagine building a network marketing downline up to the point where you’re earning $46,000 per month, then in the first days of the New Year, you get this letter in the mail… [click to continue…]
Recently I received an email from a visitor to my blog. He asked me about my opinion on his company, especially its compensation plan. I sent him some training material provided by Mentoring For Free that allowed him to do his own assessments of his company.
Here is part of his letter to me after he had gone through the training materials and saw for himself what he was in for…
Hi Wayne,
Thank you so much for your assistance. What an eye opener! Here I am wondering if the company has a good compensation plan when I should have been more concerned with how the company could discard me. Although I believe in the product, and the need for the product, I no longer believe in the company. Especially with clause X on page 2 of their “Terms and Conditions” policy, that’s about as straight forward and simple an “out clause” as you can get.
The information you are providing should be mandatory for anyone considering investing their time and money into any MLM offering. Hopefully as your word grows it will become increasingly difficult for crappy companies to con people into joining them. The public (myself definitely included) are way to trusting, or (like me) looking at the wrong thing. As you covered with your first recorded call, if the foundation is sand – my house will always be in trouble.
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You know, many network marketing companies, especially the old, large institutions all try to hook you with something like “the freedom of owning your own business.” Is this true? Do you really own your own business?
When you really delve into the opportunity and understand it, you’ll realise that you don’t own your own business at all. It again, comes down to the company’s policies and procedures – the legally binding contract between you, the distributor, and the company. These policies and procedures are living proof that you DO NOT own your own business.
If a network marketing company can terminate your distributorship for any reason, is that owning your own business? Of course not. If a network marketing company can choose not to renew your annual contract, is that owning your own company? Again, absolutely not.
So without further ado, let’s dig right into the “funky” termination and renewal clauses. Some of these are quite unbelievable… and entertaining… but it’s serious stuff! [click to continue…]
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…]
