Date Archives May 7, 2019

Multi-level Marketing

A friend of ours asked us in a WhatsApp Group about a certain new pyramid scheme that promised a lot of money. To most of us it just seemed like another Ponzi scheme so we advised against it. Part of what came across in the question was the desire for more money (which most of us naturally have) and the natural tendency of human being to fall into other human beings’ tendency to take advantage of their friends and acquaintances.

Multilevel Marketing has been around for a long time and many people are already full abreast with the basics. Many people have also tried their hands on a number of options and gotten stuck or scammed along the way. Typical challenges are the unwillingness of people to join after a while, bad experiences of those who have gotten themselves involves in fake schemas and the high cost of the products marketed by companies using Muti-level Marketing.

I recently came across a book called the 45 Second Presentation written by Don Failla and available here which opened my eyes to the possible reasons people do not succeed at Multilevel Marketing. I must add here that key figures in the financial freedom world such as Dave Ramsey and Robert Kiyosaki both acknowledge genuine Multilevel Marketing as valid means of growing wealth if done correctly.

Both Dave Ramsey emphasize that many people give up along the way. (But think about it, many people give up or fail in every kind of business). They also both emphasize two key things about Multi-level Marketing:

* Valid Multi-level Marketing companies ALWAYS have a high quality products that create profit which pays members

* What really makes successful Multilevel Marketing Ambassadors is people who can recruit and train other members

One key conclusion that I have come to is that you must be very cautious when exploring Multi-level Marketing opportunities so you don’t fall into the wrong hands and if you discove r that the system is not for you, move along and find what suits you. If you are already involved, then make the best of it but do not be dishonest about the realities and challenges and please do avoid turning all your relationships into transactions.

If you would like to learn more about a specific opportunity that I am involved in, do send me a private message. Please note: it’s not for everyone.