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For the sake of time, I'll keep this short, below are a few of my most popular questions...Here's the low down in a few simple Q and A's.... Q: Is Network Marketing/MLM a pyramid scheme? A: This is the most frequently asked question I've gotten from educated, critical people so I know it's a real concern. Most peopleusually thinks MLM is a pyramid, a scam, or a ponzi scheme. I'm always fascinated to know what this person thinks a pyramid is to begin with...More often than not, the person just said it as a knee jerk response and really has no clue what a pyramid is...Go figure. In short, a pyramid is against the law. And refers to a way to make money without the exchange of a substantial product. People invest money in the hopes and dreams that others will do the same and somehow they'll get their money back plus a massive bonus. On another note, often times, people see the triangle like construction of a MLM or Network Marketing pay plan and because it looks like a pyramid or a triangle, assume it's an unlawful pyramid. Every company arrangement looks like a pyramid. For example, Microsoft. Bill Gates would be at the chief, then beneath him, VP's, below those people middle managers, and at the base staff employees. Got it? The government sued Amway in 1979, they spent 4 years trying to prove that Amway was a pyramid...and LOST! If you get compensated for solely bringing in new team members, that's illegal. However, if you get rewarded when you bring in a new distributor and he/she buys product, that is 100% legal. Because you would be getting paid on the product, not the person. It's easy, the you get rewarded for selling a product or service that has a demand in the marketplace.. Then be able to recruit and shownew people to do the same. Q: Is recruiting the main source of income in Network Marketing?? A: There's no secret that recruiting will get you to your goals faster, but it's not the only way. A associates compensation must be based on sales of products or services and not on how many people they have in their organization, also known as, a downline. I like to use the paradigm of an Agent-Broker affiliation in a Real Estate environment. A Real Estate company like EXIT, for example, will partner with Brokers. Brokers are then able to use that companies name, though each office is independently owned and operated. Which is similar to a distributor in an MLM/Network Marketing company. A associate owns her own business and operates independently. A Real Estate Broker will need to recruit other agents to help sell homes.. Agents are not like employees, they only get paid if they sell something. Similar too a network marketer. the Broker will retain a percentage of the Agents commission in exchange for providing a place to do business.. Most Network Marketers work at home and are responsible for their own office and advertising, but are offered team support and training. There are some Real Estate companies that will also offer an existing agent an extra commission if they are able to recruit a new agent into the company. Interesting?! No ones writing articles about whether or not Real Estate brokers are a scam.... No one's dancing around town saying..."Did you hear about XYZ Broker, he's running a pyramid over there, recruiting all those agents.." And this where it gets interesting. Would a Broker have any good reason, except that she's a really fantasticperson, to teach all her agents to become successful Brokers. If he wants to stay in business that probably wouldn't be the best idea. Would a Broker let you in on all her secret weapons and share her pricey leads with you? I never got that help, you see creating other Brokers would be adding competition to an already competitive marketplace. In multilevel marketing a TEAM atmosphere is crucial for success. You are rewarded on individual results and the results of others by selling products or services, it's called leverage. You partner with a respectable company who has a product you love, and would buy even if you weren't building a business. Then you'd get training and attain some customers. After you've done that you'll realize that it's time you get some help...it's time to grow. Just like any other business would. You'll teach your new associates, teach them all that you know and when their victory builds they'll do the same for the people they know and what to help. Contrary to popular belief there is no rank system is MLM. Your pay is not based on where you got in. Not like a Broker, who will more times than not be making A WHOLE BUNCH more than his agents. Because in MLM compensation is based on sales, someone I bring into my downline has every chance to make more money than myself, by simply out selling me and training more people to do the same. Pay attention here...This is the wonderful part! Can you see it? If you were to sponsor someone that produces more than you, GREAT! This is the beauty of this business you're one person away from a 7 figure year So you can see how recruiting becomes an easy next step. It is imperative, but not the only part of your business. You can also see how Multilevel Marketing is ideal for the person that desires to help and coach others. What better atmosphere than to be able to be sizably rewarded for the people that you teach to be better than you. Zig Ziglar said it best, "You can have everything in life you want if you will just help enough people get what they want." I know this is the foundation of MLM and why I am proud to be a leader in this outstanding industry. The network marketing industry has allowed an ordinary girl, that came from a small town, who was pregnant at 16, abused and destroyed, the capability to change her life and build an empire that will last for generations.
Article Source: http://www.bharatbhasha.net Article Url: http://www.bharatbhasha.net/home_business.php/225906 Article Added on Friday, March 19, 2010
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