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Member You - Ponzi, Pyramids and MLM's
It seems to me that everywhere we shop these days, or any service we require involves long waiting times. Stores used to hire enough clerks, cashiers, and service people to meet the needs of their customers. As a business person who understands how to calculate percentage ratios, this makes no sense to me.Mostly in business we set up our labor and many other business expenses based on sales figures. So if we consider larger stores doing revenues of $30,000-$50,000/day, and their average cost of labor is
3. Everyone who works hard in an honestly run MLM can make MORE MONEY than the person who got in ahead of them. With a Ponzi, that’s impossible, and a key distinction.The later people’s mo
On this second anniversary of the Indonesian Tsunami, the principles of resilience have a poignant significance. While those rebuilding lives and countries commemorated the event with religious services, memorials, events of state and moments of silence, I spent this day with a small group of medical students. These students came to Central Florida to donate their time and holiday vacation to help severely disabled children and their families.Medical school is a grueling experience. These students recei
Your basic pyramid scheme ( which Charles Ponzi perfected in 1920’s Boston) is just that…a scheme—one to get your money out of your pocket and into someone else’s. An elaborate swindle, and sadly one that is still alive and well today.
One unfortunate casualty of this type of “crookery” is the legitimate business that markets its products using Multi-Level Marketing. Other names are “network marketing” or just “networking.” Because they look similar to pyramid / Ponzi schemes, they are often dismissed as such out of hand. So, how can you tell the difference? Here are the clues:
1. Legit MLM’s sell real products or services that generate a profit that is shared among the participants. Ponzi’s offer fantastic promises of huge profits with NO WORK! (Where have you heard that before?)
2. With real MLM’s, everyone pays the same modest “starter fee” which is often refundable. The start-up fee usually covers training materials, sales literature, sample product and registration paperwork. The cost of these materials do nt result in profits or points for the immediate recruiter. Nobody makes anything until someone sells a product or service. No one can buy a better position within the organization with more money— you have to EARN that. Pyramids, chain letters, etc. promise you that the more you pay in, the more you’ll make.
3. Everyone who works hard in an honestly run MLM can make MORE MONEY than the person who got in ahead of them. With a Ponzi, that’s impossible, and a key distinction.The later people’s mon
China is the fastest growing aviation market in the world thanks to the expansion of its air freight and air passenger industries. With air freight growth volumes predicted to drop off this year, how will the country’s significance in the aviation market be affected?The growth of China’s air freight industry has led to a surge in the Asian cargo business over the last few years. This is reflected in the fact that air freight from Asia to Dallas Fort Worth airport (which is the leader in As
1. Legit MLM’s sell real products or services that generate a profit that is shared among the participants. Ponzi’s offer fantastic promises of huge profits with NO WORK! (Where have you heard that before?)
2. With real MLM’s, everyone pays the same modest “starter fee” which is often refundable. The start-up fee usually covers training materials, sales literature, sample product and registration paperwork. The cost of these materials do nt result in profits or points for the immediate recruiter. Nobody makes anything until someone sells a product or service. No one can buy a better position within the organization with more money— you have to EARN that. Pyramids, chain letters, etc. promise you that the more you pay in, the more you’ll make.
3. Everyone who works hard in an honestly run MLM can make MORE MONEY than the person who got in ahead of them. With a Ponzi, that’s impossible, and a key distinction.The later people’s mo
Make More Money Making a Name for YourselfCalling all realtors, financial planners, insurance brokers, multi-level & network marketers, and anyone else who works in the precarious and often misunderstood position of operating under a large company brand umbrella yet operating as a separate business unto itself. You may find that you're standing under the umbrella and you're still getting wet-- not enjoying the unlimited personal and financial rewards that business opportunity offers.
1. Legit MLM’s sell real products or services that generate a profit that is shared among the participants. Ponzi’s offer fantastic promises of huge profits with NO WORK! (Where have you heard that before?)
2. With real MLM’s, everyone pays the same modest “starter fee” which is often refundable. The start-up fee usually covers training materials, sales literature, sample product and registration paperwork. The cost of these materials do nt result in profits or points for the immediate recruiter. Nobody makes anything until someone sells a product or service. No one can buy a better position within the organization with more money— you have to EARN that. Pyramids, chain letters, etc. promise you that the more you pay in, the more you’ll make.
3. Everyone who works hard in an honestly run MLM can make MORE MONEY than the person who got in ahead of them. With a Ponzi, that’s impossible, and a key distinction.The later people’s mo
Think age diversity doesn’t affect your workplace? Before you respond, read the following situations and highlight those that you’ve observed in your organization:·Baby Boomers who insist on calling meetings for everything. ·Gen X’ers who appear to only be in it for themselves. ·Younger workers who assume that if you don’t have an I-pod you are computer illiterate. ·Seasoned employees who keep reminding everyone the way things used to be. ·Younger managers struggling to gain the res
3. Everyone who works hard in an honestly run MLM can make MORE MONEY than the person who got in ahead of them. With a Ponzi, that’s impossible, and a key distinction.The later people’s mo
When leading a change programme, the bare minimum requirement of a leader is to be seen to be in control.The people you are leading will have a range of anxieties about the change which different individuals will feel to a different depth. The nature of the anxiety and the depth of the anxiety will change over time, sometimes precipitously.The leader, however, must be seen to be in control. More than that, except for the odd private lapse of confidence which bedevils the best leaders, the leader
3. Everyone who works hard in an honestly run MLM can make MORE MONEY than the person who got in ahead of them. With a Ponzi, that’s impossible, and a key distinction.The later people’s money is simply used to pay the early birds’ profits, and because it generates to real income, the guys at the bottom of the pyramid lose. “ Last one in is a rotten egg.”
4. MLM’s pay you for work—selling a product or service and recruiting other people to do the same. Again, it’s the work that generates the money. You do NOT get a dime for enrolling someone in your organization. If they don't succeed, you don’t succeed. Quite a concept, huh? If you are lazy, you get zip. if you work hard, you get paid, sometimes handsomely!
What are MLM’s? The concept of multi-level marketing is not new or even remotely unique. It is simply an opportunity to build a business around a sales force of commissioned salespeople. The hardest part is finding people who want to do the same thing— that is to enroll or recruit people who want to sell products and recruit and build their own business. That is easier said than done, especially with the shadow of Mr. Ponzi over anything that involves getting others to join. Often mistakenly called a pyramid scheme, MLM’s are actually better viewed as multi-level pyramids—with each member having the equal opportunity to build as big an organization as they are able, and can potentially make more money than the person who recruited
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