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A pyramide scheme... how interesting!
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Re: A pyramide scheme... how interesting!
Sometime people call the mlm industry pyramid scheme because of their lack of intelligence of actually researching. Bad on their part. Also bad experiences that someone they one gave mlm.
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Jacob Cruz
Company: MyLeadSystemPRO
Contribution Level: 2 - Posts: 72
- Joined: Fri Oct 28, 2011 1:39 am
Re: A pyramide scheme... how interesting!
Oh, I've been asked this many times...and it's usually at the top of their list with questions. Unfortunately, it's the 95% of people who FAILED at network marketing that are making a bad name for people like us who are successful network marketers, or are working hard at our business to grow our team. Unfortunately, it's just ingrained in people's minds now. The only thing I can do is put them on my followup list to contact when they see that I'm AM growing my team and becoming more successful. To be in this business, you have to beat all odds and be that 5% who DO make it to the top.
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Deanna Byrd-Ferrino
Company: ViSalus Sciences
Contribution Level: 2 - Posts: 14
- Joined: Wed Feb 08, 2012 12:08 pm
Re: A pyramide scheme... how interesting!
Hi Jessica... I used to hear this a lot in my earlier days but once I changed my approach, I found that objection hardly ever came up. What my approach did was handle the objection (and many others) before they even thought it. Not to mention, not only was it what I said but how it sounded.
If anyone is still getting this objection, I highly suggest to change your approach because a part of it is leading them to believe it is a pyramid.
I'll give you a bit of breakdown for those of you who wondering how to approach this...
1. I follow an indirect approach for people I don't know as well. I build a relationship here. If it's someone I do know well, I will go the direct approach route - catching up with them quickly but letting them know why I am calling.
2. When it's time (you'll know when it is) - I compliment them. I do this for many reasons. The first one is because that compliment is something I'm looking for in a person who wants to be a part of the team. The second reason is because people like to hear that, so why not tell them what you've observed.
3. I ask them a qualifying question. In the QQ I present the opportunity to them by integrating how to avoid pain (their objection), satisfy pleasure (saying their motivational factor) and then ask if they would be open to taking a look.
4. If they say no, move on and learn more about them. If they say yes, make a suggestion to share with them what is so special about your team.
5. Before you get to the presentation, ask them what they know about network marketing. If you're in network marketing then you better be passionate about it and not be afraid to ask this. If you're afraid then you better work on your confidence. What you say here is critical...personally what our team says is usually the deciding factor in peaking someone's interest.
6. Present to them
That's the flow our team follows and it works like magic. Give it a try.
Jerome Ratliff
If anyone is still getting this objection, I highly suggest to change your approach because a part of it is leading them to believe it is a pyramid.
I'll give you a bit of breakdown for those of you who wondering how to approach this...
1. I follow an indirect approach for people I don't know as well. I build a relationship here. If it's someone I do know well, I will go the direct approach route - catching up with them quickly but letting them know why I am calling.
2. When it's time (you'll know when it is) - I compliment them. I do this for many reasons. The first one is because that compliment is something I'm looking for in a person who wants to be a part of the team. The second reason is because people like to hear that, so why not tell them what you've observed.
3. I ask them a qualifying question. In the QQ I present the opportunity to them by integrating how to avoid pain (their objection), satisfy pleasure (saying their motivational factor) and then ask if they would be open to taking a look.
4. If they say no, move on and learn more about them. If they say yes, make a suggestion to share with them what is so special about your team.
5. Before you get to the presentation, ask them what they know about network marketing. If you're in network marketing then you better be passionate about it and not be afraid to ask this. If you're afraid then you better work on your confidence. What you say here is critical...personally what our team says is usually the deciding factor in peaking someone's interest.
6. Present to them
That's the flow our team follows and it works like magic. Give it a try.
Jerome Ratliff
"Imagine how different your business would be if you had more CONFIDENCE... FREE Success Report"
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Jerome Ratliff
Company: Nu Skin Enterprises
Contribution Level: 4 - Posts: 181
- Joined: Wed Feb 06, 2008 7:53 pm
Re: A pyramide scheme... how interesting!
There's a couple of ways to address this objection:
1. Ask them "what is a pyramid scheme?" My BP did this once with my prospect and he gave a quick nonsensical answer that made him sound like he didn't know what he was even talking about, which he didn't! Most people don't know and have only heard things from their broke friends or family.
2. Tim Sales recommends, if they have the "slimy" perception of network marketing, to ask them what they define as a professional business. If they say "people going to work at a certain time, certain place, " etc., you can follow their answer with something like "well what if the company is building nuclear bombs, does that make them a professional business". The prospect should say "no", and you can follow with "isn't a professional business simply one that makes people's lives better?" They can't really say no to that. So you lead them out of their negative perception.
We are in network marketing to help people, but if they don't want to help themseleves, let em go.
1. Ask them "what is a pyramid scheme?" My BP did this once with my prospect and he gave a quick nonsensical answer that made him sound like he didn't know what he was even talking about, which he didn't! Most people don't know and have only heard things from their broke friends or family.
2. Tim Sales recommends, if they have the "slimy" perception of network marketing, to ask them what they define as a professional business. If they say "people going to work at a certain time, certain place, " etc., you can follow their answer with something like "well what if the company is building nuclear bombs, does that make them a professional business". The prospect should say "no", and you can follow with "isn't a professional business simply one that makes people's lives better?" They can't really say no to that. So you lead them out of their negative perception.
We are in network marketing to help people, but if they don't want to help themseleves, let em go.
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Patricia DiMaggio
Company: Numis Network
Contribution Level: 1 - Posts: 7
- Joined: Fri Sep 16, 2011 9:20 pm
Re: A pyramide scheme... how interesting!
Great response, I have never been asked if my business is a pyramid scheme, but if anyone ever does, I know how to respond now 
thanks for sharing
thanks for sharing
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Angela Love
Company: Resorts 360 Vacation Club
Contribution Level: 2 - Posts: 15
- Joined: Sat Mar 17, 2012 2:38 pm
Re: A pyramide scheme... how interesting!
If it sounds too good to be true, it is probably a pyramid scheme.
san francisco tours - definitely not a pyramid scheme.
san francisco tours - definitely not a pyramid scheme.
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Alicia Annesi
Contribution Level: 1 - Posts: 1
- Joined: Wed Apr 04, 2012 11:33 am
Re: A pyramide scheme... how interesting!
I noticed that anyone who asked that question don't really want to know or they should be ready to check out the information. If the person is not interested say so. Then it is time to move on.
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Mario Sanders
Company: Life Force International
Contribution Level: 6 - Posts: 1794
- Joined: Tue Aug 17, 2010 11:55 pm
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