Caution! Keep From Being Taken to the Cleaners by any MLM Company.
Read More: I am sure your have heard the horror stories of the many folks who have lost it all. Or the one whose company they were in went belly up without any warning. Or, a very common one, the excited people all hyped up in the pre launch, only to see it fizzle.
Then there are those who were terminated from their company for no apparent reason, or the one who got sick, couldn’t work for a couple months and therefore lost her paycheck.
My goodness how do you protect yourself from these awful circumstances ever happening to you? How do you find out if a company is reputable? What about the leadership…who are they, have they done this before, are they crooks?
Before you join any network marketing company it’s imperative that you check the background of the company leadership to be certain they have the necessary MLM experience and that they are people of integrity who won’t scam you. A simple Google search will often reveal some surprising things.
Failing to do a background check is a common mistake made by many, and could be fatal to your business. Many times people get caught up in the hype and jump in and have no clue about what to check out before joining.
How do you know your company has leaders with integrity? It’s very simple. Be sure you read their company Policies & Procedures. Then you will know. I am guilty of this myself. Not wanting to take the time to read all the fine print, I have just checked the box and moved on. Mistake. I know better now.
Beware of the companies who change their P&Ps, adding phrases like…..”ongoing sales”, “ongoing recruiting”, “a continuous”, “regular meetings”, “you cannot retire”. (Even though they have promoted early retirement as one of the main benefits of their business!}
Some of these companies have come in the backdoor like robbers in the night, setting them selves up purposing to steal from you.
Another frustration for many is learning about the compensation plan after they have joined the company instead of before. Wouldn’t it be better to chose a company where you can make some great money so you can be excited about bringing other people on board with you. Why would you want to convince someone else to join you if it was going to take them 2000 plus people to make $10,000 a month instead of 400?
Take notice, your Policies & Procedures and compensation plan are 2 main ingredients that determine your success. Don’t be taken by surprise!
Need some educating about the industry and this business model?
Do your homework before joining any MLM Company and be sure to investigate the one you are in.
Wishing your all the best on your journey!
Lynn Jones
http://lynnjones.successin10steps.com
About the Author: Lynn Jones
Company: No Company Entered
I'm a Distributor For:: No Distributor Selected
Industry: MLM
Primary Web Site: http://www.idealprofitsystem.com
Know Your Company
Thank you Lynn for posting this article. Yes it is so important to know and understand your companies background and also look into the policies and procedures BEFORE you sign that consultant application. This information is really needed in this industry especially when companies are failing left and right.
Critical Thinking is a Must
Great Article Lynn!!
Unfortunately this happens way to often. You are exactly right, with some due diligence and critical thinking you can avoid a lot of disaster in the future!
I bet Alot of People wish they had of done this Before
They signed on dotted line.
Thank you Lynn for Educating those that do not want to make this same mistake.
Your friend for life Juanita Waterman
Thanks for education the world!!!!!!!!!!!
It does happen so Listen to the advise from Lynn!!!!!!!!!!
Great article Jan
Thanks for education the world!!!!!!!!!!!
It does happen so Listen to the advise from Lynn!!!!!!!!!!
Great article Jan
THRU THE RINGER
I have had negative in this marketing, I can't wait to read this Success book.
Straight Simple & To The Point!
This is a great article full of knowledge and wisdom, I can feel your heart through this article. Sometimes taking time out to read 10-20 pages can be overwhelming, hard to understand, and very time consuming. It's a lot easier to just check the box, get started, and get back to it later, especially when the presentation was just full captivating dream selling. Thank you Lynn for your words of wisdom...
Failing to do a background check
Thank you for posting this article Lynn...too many people do not read the p&p and the ones that do really do not understand it, I didn't either. You are helping many.
Thank You!
Alice McCarthy
We wouldn't even finance a car...
...without reading the terms of the contract and BEFORE we obligate ourselves to a comparatively short-term expenditure. Yet we "spend" our most precious asset - our time - working under a contract we haven't even read - without a second thought! It is important to keep getting the word out.
Great Information Lynn
We research the purchase of most of the items in our homes and when we grocery shop we read the labels but when we join a network marketing company we just jump right in. This is great advice and will save many people from failure and frustration. Thank Lynn!
Timothy C Burns
LYNN, COMPANIES, COMP PLANS, BANKRUPTCY, P&P, GREAT ARTICLE
Here is a profound article about companies and what is going on today with them. Companies are going out of business, People are losing their compensation plans. I don't understand why people don't read there policy and procedures. If you want to learn more about companies, get in touch with Lynn, she is an expert when it comes to companies, polices & procedures, comp. plans and she'll be able to tell you whether or not your company is a good one Great Article Lynn with excellent value.
Making A Serious Income Takes A Serious Mind~
It truly blows my mind Lynn when I see so many who join network marketing to make a pile of residual income but who don't treat it like they just invested a million dollars. Is a 10-20K monthly income worth making sure our contract is safe and there is no gottcha clauses to come bite us in the butt down the road? Your article hit the nail on the head Lynn. Thank you for this excellent write, keep them coming!
Think, think, think, read, read, read
Wow, look what a little critical thinking and reading of your companies P and P's can do for you. Reading your P and P's is worth your while.