Dont Get Caught in an MLM Mouse Trap!

  Written by Nicholas Moniz on Feb 26, 2010 7:58 am

Read More: Companies

 
"Drink nothing without seeing it; sign nothing without reading it."
Spanish Proverb
 
So You're all Hyped Up!  You just finished watching
a 15 Minute Presentation OnLine of this Great New
Opportunity that has Just Launched in the MLM World.
You Whip out Your Credit card and fill out the 
Registration form with all of your personal Information.
 
You're On Your Way to Financial Freedom! but...
 
Three Months Later... The Company is Under Attack 
by the FTC and is Now Known as a SCAM!  So You 
just wasted 3 months and $500 bucks.  Ouch!
 
A lot of people say oh well its Only $500 dollars!
or I tried It and it didnt work out no big deal.  Well it 
is a big deal!  When you signed up for the opportunity 
You Gave them Your Personal Information!  You Gave 
them Your Address, Your Phone Number, Your Credit 
Card Information and Your Social Security Number.
 
Wish you did your homework now, huh!  
 
You see, With All of the Scams out there You Need to Do
Some Homework Before You join Any Company.  Most of
These Scams Do a Good Job Pretending to be Legitimate 
Companies.  They all look real on the surface but behind the 
curtain they are untraceable.  Up front you might not care 
about the time and money you lost by joining one of these 
Mouse Trap MLM's but thats Not the Only Thing that you
Could Lose.  Your Identity is at Stake.  Especially when 
Dealing with Over Seas Companies. 
 
All it takes is a little research to determine if a company is 
legite or not.  Who are the Company Owners?  Google 
them and find out what they've been doing and where they 
came from.  Don't know the company owner or cant find 
any information on them, Red Flag #1.
 
Where is the Company website registered?  Is it private or 
Over Seas?  How long is it registered for? 1 year? Red Flag
#2.
 
Have the Company and/or Company Owners been Sued by 
the FTC?  Are they Under Investigation for any Reason?
Are there Any Public Complaints against the Company?
Red Flag #3
 
Is there a viable product being sold?  or Do You only get 
Paid from Recruiting?  Red Flag #4
 
These are just some of the things You need to look out for 
When Joining an MLM Opportunity.  If You want to know
more on How to Spot these MLM Mouse Traps Then grab 
yourself a Copy of this Free eBook, http://bn.NickMoniz.com
It Will Save you Years Of Failure and Frustration.
 
You Dont Have Learn the Hard Way!

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About the Author: Nicholas Moniz

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Member Since: 01/20/2009

Company: Nick Moniz

Industry: Training and Development

Primary Web Site: http://BN.NickMoniz.com

Comments

What to Look For and Look Out for

Thanks Nick

This is a very Practical article...thanks for getting the wisdom down on paper...

Phil Sebastian

Dr Phil Sebastian — Fri, 02/26/2010 - 8:13am

Wish you had of been my Mentor when I started out

YOu would of saved me so many hours! And Wasted money. If I just had someone with experience to teach me what I needed to know! If you are fortunate enough to work with Nick take Notes you will learn alot! Your friend for life Juanita Waterman

Juanita Waterman — Fri, 02/26/2010 - 8:30am

Great subject Nick!

People are all to ready to whip out the credit card before doing their diligence. It can come back to haunt you later, in more ways then one...

Paul Murphy — Fri, 02/26/2010 - 8:30am

valuable information!

There is a ton of people who really need to be aware before they succumb to the hype and sign on the line. Thanks for the valuable information. Keep it coming, so some can be saved from losing time and money.

Lynn Jones — Fri, 02/26/2010 - 8:37am

Great Info

Wow, We must study, study, study. That is what we need to do to be safe!

Vikki Lawson — Fri, 02/26/2010 - 9:16am

FIRST THINGS FIRST

It sounds so basic but not many do it. Check out the company first to see where they are coming from & going to. Good Reminder, Thanks

Ernie Giordano — Fri, 02/26/2010 - 9:38am

Doing Due Diligence

If you are serious about building a business to help you reach retirement comfortably, it only makes sense to do your homework on any company you get involved with!

Thanks for a great post Nick!

Vicki Berry — Fri, 02/26/2010 - 9:55am

Hold Your Horses

Before we sign on the dotted line, it's so important to know what we are getting ourselves into. We wouldn't dare sign a contract for a mortgage agreement without reading it! Why in the world would this be any different? Do your homework and know the facts to avoid getting into something that just may be a trap.

Sabrina Coffin — Fri, 02/26/2010 - 12:42pm

Do your homework!

We all know what NOT to do. Right? Well, I always considered myself to be at least of average knowledge and intelligence, but I still whipped out my credit card (more than once :-o) because SOMEONE ELSE did THEIR homework and knew which "buttons to push" to make me believe that, this time, I was opening the door to my dream.

Thank you, Nick. I don't think we can be reminded too often... and you even gave us some "tell-tale signs" to look out for. :-D

Lyn Mullins — Fri, 02/26/2010 - 1:11pm

What We Don't Know Will Hurt Us!

Without accurate information, we are really treading in dangerous water, you are so right on the money Nick! I wished I would have treated my network marketing opportunity as a million dollar investment. Sometimes we need to go through in order to learn and beable to help others who are less fortunate and have not been educated with the truth yet! There is no better reward than to shine our light on someone who desires to build a nice nest egg for their children's children~ Excellent article Nick~

Jenny Wudtke — Fri, 02/26/2010 - 1:42pm

Great Educational Material!!

When people are all hyped up with the promises that their dreams are going to be fulfilled a lot of times this clouds over their logical making decisions and they take chances that they normally wouldn't make but once they know what to be aware of, it is certain to make them think twice before falling in the "Mouse Trap."

Thanks so much for sharing this Educational article Nick, you are always providing Awesome Value!

Marty Misner — Sat, 02/27/2010 - 1:49am

Thanks Nick for sharing this

Thanks Nick for sharing this information, if only everyone would really do their own research before joining a company, they are so caught up in the "hype" of it, they join because they are excited. Definately the wrong reason to join a company.

Stefanie Sanspree — Sat, 02/27/2010 - 8:53am

Are you serious about Building a Business online???

Nick great article, I know these days the economy has changed. Nick if I know now what I knew then, I would have saved myself thousands of dollars. This is great article posting. Nick you are a great professional leader for home base businesses/MLM. I wish I knew you when I first started marketing. Great value, thank you Nick.

Therese Catanzano — Sat, 02/27/2010 - 11:17pm

You Dont Have Learn the Hard Way!

Great tips on how to find a good company and avoid the many scams.

Alice McCarthy

Alice McCarthy — Sun, 02/28/2010 - 6:07am

With the right info we can avoid costly mistakes!

Thank you Nick,
This info will save many people from making what could be a very costly mistake in time and money!
Timothy C Burns

Timothy Burns — Sun, 02/28/2010 - 3:11pm
 

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