Secret To Spotting Network Marketing Fraud
If you've ever bitten into a network marketing fraud
, it left a bitter aftertaste, didn't it? Does this mean that all Multi-Level Marketing companies (MLMs) are scams? It absolutely does not! The secret is in knowing the difference!
For our purposes, let's suppose a colleague approaches you with a "great opportunity" to rake-in "big money fast". Would your eyes glaze over or would you give it a chance?
After allyou've always wanted to be your own boss, haven't you?
Let's get right down to the nitty-gritty. When checking out the authenticity of a network marketing company, start with product. Is their product or service something you'd be willing to use yourself?
What? They don't even have a product? You'd better scram, sounds like a scam!
All fun aside, if the opportunity is above-board, you can expect to receive commissions on sales of their products or services. You'll still be required to create an entourage of "your people" a.k.a. the downline.
What won't happen is receiving a ludicrous sign-up fee for each recruit. This type commission structure screams of network marketing fraud.
Does the company require a large upfront investment? Watch out for the old pyramid network marketing fraud scheme, where there is no actual product. People put money into a pot, hoping to get rich from the money other people put into the pot. Somebody gets rich, but you can put this in the bank it won't be you!
So, let's assume the colleague may have been overly enthusiastic, but he's onto a good thing. The company has a viable product, one that people need and will buy and they sell it for a reasonable price. Their commission structure is transparent and seems fair. Best of all, they won't require a pint of blood or your youngest child, upfront.
Should you sign-up? Maybe yes. Maybe no. You're not still hoping for overnight riches, are you? Statistics have proven that some people are making pots of money via network marketing. But, what you must understand is that the money results from their effort.
It didn't just fall off the turnip truck.
The new paradigm in network marketing is based upon: 1) marketing and selling a real product at a fair price; 2) fostering the success of others (your downline). New network marketing is fast becoming the number one way to conduct business globally!
Network marketing has metamorphosed from a shabby, fly-by-night operation into a sophisticated, world class operation. Partnering with a new network marketing company, who has demonstrated a proven track record, could just provide the financial freedom you want and deserve.
Many are calling this new model "serious business for serious people". And you would be getting into this serious business at an opportune time. Most of the "bugs" have been resolved. You'd be privy to web networking tools that were unheard of during the network marketing fraud era.
You don't need a college degree. You won't suffer a huge financial outlay. You will own your own home-based business! You are the only boss of you!
by: BrianGarvin
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