Who Is This Network Marketing Scam Artist?
Network marketing scam artists are all over the world working hard to separate you from your hard earned money. They are using network marketing models and filling your head with dreams of hot women (or men), sports cars, and a big huge mansion on the shores of Costa Rica. But what makes these people tick? And can we get them to give of their secrets of success?
I know what your thinking, why would I want the secrets of success from a network marketing scam artist? Well lets face the facts, 99% of all network marketing companies are legitimate business opportunities. Unfortunately, there are 1% that give the entire industry a bad name. Now I will say that within those 99%, there are a few “network marketers” who are using shady scam artist techniques to sign people up into their business.
And these network marketing scam artists are actually the people we can thank for the, Is this a pyramid scheme question. You see these people are telling prospects to focus only on building their down line and completely disregarding the product all together. And since that was the focus of the marketing and phone calls, they made it appear that the business was the product. And that no actual “item” needed to be purchased, thus the question of legality came to be.
Any legitimate network marketing company will focus primarily on the product they produce rather than the business opportunity they provide. And when you are approached by network marketers who are doing the right thing, it will be for their product first, then the opportunity.
Let me say this though, don’t disregard a network marketing company if your approached with the business building aspect during your first contacts with representatives. 99% of marketers are simply doing what they are told from their leaders. Its not a bad thing, its just not the most effective approach.
How Not To Be A Network Marketing Scam Artist
Ok, so first let me qualify myself for you. After all you don’t want to take advice from someone who has never been there right? I am a recovering scam artist. And to be 100% truthful I used to be one of those guys who made all kinds of promises or promoted products blindly. So I think its safe to say I was an all around scam artist. But I have been on the road to recovery and have come over to the good side of the force (Star Wars reference).
Since I have made the transition I have to tell you life is a whole lot easier. And I have no problem sleeping at night knowing that the very few products that I promote these days I can truly say work. I might miss out on the initial launch of a product and not get a ton of sales but I am OK with that. And the same carries over to my network marketing business as well. I am in two separate companies currently and slowly building my teams which is fine with me because I know that the people who join me will be around for the long haul. And that is the approach that you need to take when building your business, its a marathon not a sprint.
With that being said you need to know what mlm is so that you can properly address the network marketing scam objections.
To help you understand what network marketing is, I must first explain what it isn’t. First it isn’t a pyramid scheme. Pyramids are programs similar to chain letters where people just invest money based on the promise that other people will put in money that will filtrate back to them and somehow, they’ll get rich. A pyramid is strictly a money game and has no basis in real commerce. Normally, there’s no product involved at all, just money changing hands. Modern-day pyramids may have a product, but it’s clearly there just to disguise the money game.
Network marketing is a legitimate business. First, it’s based on providing people with real, legitimate products they need and want at a fair price. While some people do make a lot of money through network marketing, their financial benefit is always the result of their own dedicated efforts in building an organization that sells real products and services.
Pyramids are illegal and are based on taking advantage of people. For a person to actually make money in a pyramid scheme, someone else has to lose money. But in network marketing, each person can multiply his or her efforts, skills and talents by helping others be successful. It has proved itself as part of the new economy and a preferred way to do business here and around the world.
It isn’t about taking advantage of your friends and relatives. Only a few years ago, network marketing meant retailing to, and sponsoring people from, your “warm list” of prospects. Although sharing the products or services and the opportunity with people you know is still the basic foundation of the business, today we see more people using sophisticated marketing techniques such as the Internet, conference calling and other long-distance sponsoring techniques to extend their network across the country.
It isn’t a network marketing scam get-rich-quick scheme. Of course some people do make large amounts of money very quickly. Many would say those people are lucky. But success in networking isn’t based on luck. (Unfortunately, money won’t sprout wings and fly into your bank account no matter what someone has promised you.) Success in network marketing is based on following some very basic yet dynamic principles.
Now let’s discuss what network marketing is. Its a serious business for serious people. It’s a proven system where the design, creation and expense the corporate team has gone through becomes a road map for your own success. Just follow the simple, proven and duplicable system that the good companies provide.
The real key is this: its all about leverage. You can leverage your time and increase the number of hours of work effort on which you can be paid by sponsoring other people and earning a small income on their efforts. J. Paul Getty, who created one of the world’s greatest fortunes, said “I would rather make 1 percent on the efforts of 100 people than 100 percent on my own efforts.” This very basic concept is the cornerstone of network marketing.
For example, most successful people building a business do so in an organized method. They work a few dedicated hours each week, with each hour of effort serving as a building block for their long-term business growth. Then they sponsor other people and teach those people how to sell the company product and sponsor others who duplicate the process.
By helping the people you personally sponsor to sponsor others, you duplicate yourself. As this process continues, you create compound growth that can lead to hundreds or even thousands of people coming into your business. You leverage your time by helping others be successful and earn an income from all their efforts.
With network marketing, there are no big capital requirements, no geographical limitations, no minimum quotas required and no special education or skills needed. Its also a low-overhead, homebased business that can actually offer many of the tax advantages associated with owning your own business. Its a people-to-people business that can significantly expand your circle of friends. It’s a business that enables you to travel and have fun as well as enjoy the lifestyle that extra income can provide.
So are you still interesting in a network marketing scam, lol. Its a great industry and I know that with the right mentor and motivation your going to do fine. Just have patience and be willing to put in the work to succeed.
In closing, I wrote this post because network marketing scam claims are all around the internet and its about time the industry stood up for itself rather than not addressing it. Leaders are people who take on the challenges of guiding people to the hard right versus the easy wrong. By not ignoring network marketing scam claims and meeting them head on, your doing your industry a favor.