Be Careful With Brand New Passive Income MLM Promises
- Author Deji Fadina
- Published January 29, 2008
- Word count 1,308
The main reason why many Mlmers do generate the automatic
passive income
that they expect out of the Multi-Level opportunities that
they join,is usually because they did not do any research.
They just jumped on the bandwagon solely on trust.
Every business worth its name must have a history, or
what is called its track record. I mean, when you go out
in search of an offline job of note, don't you have
some kind of resume?
It's the same with business entities. They have a record,
whether it is enviable or not.
Going after this information is what is called doing your
due diligence. You diligently, i.e. carefully,
deliberately and in a sustained fashion, pursue facts, real
world expectations . Firstly, you need to ask yourself what
kind of income you want. Is it short-term,direct affiliation,
where you get paid for the business you and only you attract?
Is it long-term, team-work determined, with automatic profit,
passive income,residuals that pay you years after years?
While in the first case, just a few coordinates (good website,
attractive pay, some quality products, which people buy
once and for all) are necessary,the second type is more human
quality intense. We are talking of involving yourself with
many people that you do not, a priori, (right from the beginning)
know.
If you find yourself here, then you want to go after specific
information that should help your decision as to
whether you want to get involved with a particular
business opportunity, or not.
If you really want to know where people make absolute asses
of themselves, by investing six figures, based solely on
some website promises, with no due diligence made, go to
the search engine, Google.com, and check out the HYIPs.
Somebody is always running off with their millions. After
crying blue murder for sometime, they go off to invest,
to do, exactly the same way in the next idiocy. Its like
a drug.
Many people behave exactly the same way with mlms, internet-based
network marketing, leaving bloody footprints all over the mlm horizons.
Whatever is dangled before you, you need to know
something about the crowd that is inviting you to join.
That is why promises of a windfall for being part
of a ground floor opportunity is pure hogwash.
Such ideas only turn multilevel marketing into a
hare-brained, absolutely unfocused phenomenon, not a sustained
passive income generating machine.
The windfall, ground floor opportunity syndrome tends to
make people to suspend judgement, enticed by greed.
They forget that in 95-98% ofcases, no history, no track record,
means no sustainability.
Any MLM business opportunity worth considering will
either have a track record that you can investigate
and evaluate or it will have a clear statement of the
plan, the potential, and the up-front costs.
Before investing any time or money in a specific MLM
business opportunity, there are some questions you
should consider first.
How about the experience of the company? How old is it?
Has it gone through the teething period which every
new business, or new-born baby, has to go through.
How long has the business opportunity been in
business?
This is one thing you want to know before you start
throwing your time and money at it.
Unfortunately, many new businesses want to discourage this
because they are too anxious to make money off you.
However, it is important that, before investing time and
money in marketing an MLM business opportunity, you want
determine how long it has been operating.
New concepts are so exciting, with all those geometrical
progressions and quantum jumps of profits calculated on
the basis of every dollar, every member, every product
doing its job, multiplying one another all over the place,
promising you millions within all sorts of mad matrices
(matrixes), concocted on foundations of wet-lipped greed.
They spin the figures so wildly, you are no longer sure
if it is products and good management that serve as engine
of value and of continuity, or it is the fertile imagination
of mathematics, absolved of any responsibility towards reality.
Many of us have been made trillionaires many times over by projections
by people who want to lure us into their mlm programs that we should
have our stinking feet on the heads of every President,King, Queen or
Prime Minister, just to show them who was boss.
Listen, just take it that, If it's a new concept that has
not been proven in the marketplace, forget all that maths.
You have no assurance that it will even work.
Very often, I have gone through pages and pages of MLM hypes,
looking for addresses and telephone numbers of people to
give me information. They either do not exist, or, as in the
case of telephone numbers, they only take messages. Of course,
they never get back to you.
Trust me, the obvious is always not the rule on the internet, and
thousands of companies operate with nothing more than
a website and an email address.
Many of them are here today and gone tomorrow. Make
sure the business you intend to deal with has a fixed
address, physical location, and established phone
number.
Really, should you be doing business with total
strangers? People you do not know or who were not
referred by reputable people that you know?
The rule of the 'copy', killer letters, pages
optimized to hypnotize you and get you rushing for your wallet,
have made sane choices an endangered specie on the internet.
You should therefore go one step further. Insist on talking to
a real human being before you join.You need to talk to people
who have made something out of the business and I am not talking of
all those untrustworthy testimonials that now litter the 'trust me'
horizon of the internet..
Asking and getting information will not only provide you with valuable
first-hand information about the program, but it will
give you a list of advisors who might be willing to
help you along the way.
Cost Of Engagement:
How much initial investment is required? In many cases
a proven MLM business opportunity with a successful
track record will involve some kind of initial
investment.
You should not assume that a business opportunity that
is free to join is a better investment. Usually a
free-to-join business will involve other costs such as
marketing and advertising fees. Just keep in mind that
nobody gives away "opportunities" for free.
What you have to determine is whether a specific MLM
business opportunity has a successful track record, is
managed by honest people and offers you a realistic
chance of actually making some money.These are the
things you must weigh against the entry costs.
What is the realistic income potential of the
business? Have a careful look at the numbers and
projections provided by the business opportunity. Then
talk with actual members who are using the program to
determine if they have been able to turn those numbers
into reality.
Are there extra fees such as yearly or monthly
subscription fees, shipping costs, or minimum purchase
requirements? Make sure to get a detailed list of all
the fees involved in operating the new business. These
things may not seem significant now, but they can
easily eat into your profits later.
How much control of your new business will you have?
Be clear on who owns the business, and who controls
the way it is developed and marketed? You may want to
diversify your product offerings in order to avoid
being at the mercy of a "head office.
The MLM business opportunity should require low
initial investment and have high profit potential both
in the short term and in the long term. It should
allow you to build a profitable business of your own
that will be a source of income far into the future.
Deji Fadina, an mlm and internet marketing practitioner since September 1999, published a doctoral thesis at Universite d'Aix-Provence, France in 1977, on Contemporary Critical Studies, was CEO to Industrial starch producing company in Nigeria, seasoned administrator with governmental international experience,and currently hosts http://MayDayAffiliates.com
a window on tested and proven multi-level marketing opportunities.
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