Have you read the policies and procedures of your current MLM business? Before you continue to invest time and money into your business, I would suggest you do so right away.
The MLM landscape is changing drastically. More and more companies are choosing to promote their products and services via the network marketing model because it is so effective. However, a lot of these companies do not have a clue what they are doing. Many of them are being run by MBA’s and company executives that were never in the trenches building a network marketing business. Big deal you may say. Well, it is a big deal. I would rather be part of a company that has a guy or gal at the helm that has been where I am. These folks will be less likely to take advantage of the MLM’er when they start making good money; which brings me to my topic…
Many Policies and Procedures (PNP’s) are loaded with all kinds of verbiage that can be used, in the future, to take you hard earned money away from you. Don’t think this hasn’t happened. It happens all the time. The more wordy the Policy and Procedures are, the bigger chance you have of getting screwed! There is a magic word in many PNP’s that can be used against you; and that word is “ongoing.”
Many PNP’s state that you have to have “ongoing sales and/or recruiting” to stay qualified to receive your checks. That means, if you want to retire—forget it! I don’t know about you; I plan to retire! So, like a said, look at your PNP’s to make sure that little word “ongoing” in not in there, and if it is, how is it being used. I just told you one little trick that many MLM’s are using. There is many more; too many to even contemplate in this short article.
My goal here is to get you to read you PNP’s. I know a few people that have been ripped off because the MLM companies that they represented decided to enforce their PNP’s. They didn’t do it when the checks were small; they waited until they get to be several thousand a month and if they need to, they will take your money. I don’t think these companies plan to do this. It’s just their insurance policy if they get too reckless in the management of the company and need your money to stay afloat.
Some MLM companies state that they can terminate you within 30 days written notice. Others change their compensation plans multiple times—usually not in favor of the network marketer. If this is going on…jump ship before it sinks!
My advise to you is before joining a company to market their products or services you better read the PNP’s. Make sure they are geared for your success. Make sure you can retire when you desire and still draw a check. Make sure you can pass your business on to your children if you so desire to do so. Make sure you can directly sponsor family members.
If you are in a business that is not friendly toward the MLM’er; maybe you should consider your options now. It is better to know now, then to be a statistic later. So, get going, read your Policies and Procedures. It may save you your career in MLM.
Saturday, August 25, 2007
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