The lure to make easy money is has a powerful pull on many people. The need to fast cash to pay off the wolves banging at the door is strong.
What many people don’t know or understand is the risk they are taking when they sign up for an illegal program better known as Ponzi scheme or illegal pyramind scheme. Being a participant or a promoter of these types of programs can lead you into the type of legal troubles that can devastate you and your loved ones.
Some people are aware of what constitutes as a Ponzi scam and still participate knowing the risks. Or they may even believe, “I won’t get caught”, or even think, “its chump change, they have bigger criminals to catch”. What ever they tell themselves to validate their participation, it still boils down to an illegal program. Period.
I encourage you to read the ebook Success in 10 Steps and listen to the 2 follow up audios, which I will send to you myself. Audio #2, “5 Pillars to Your Success” is absolutely brilliant. Michael defines a simple and very effective way to evaluate a business or program so that you can ensure it is the right one for you. Above all that, to help you to avoid scams and Ponzi schemes that could cost you not only your hard earned money but more importantly your freedom.
Your lack of success is NOT your fault. Without all 5 Pillars to your success in place, your success is greatly reduced. You wouldn’t drive a car with just 3 wheels would you? Would you live in a house with all 4 walls and roof but that is missing the floor? Of course not. Well, when your building a network marketing company, and your goal is to build a big enough business to retire on and keep growing while your away on a 6 month vacation, you NEED all 5 Pillars in place.
Let’s take a look at Pillar #2. Timing in the Company; Timing in the Industry
How good of a gambler are you?
99+% of the new companies do not make it in the first 2 yrs. Why would you spend any of your precious time, money, effort or blood, sweat and tears promoting a company that has a thin chance of survival? Oh I know! Because someone convinced you that getting in on the ground level is the best place to be in the company.
Why not wait? Wait until all the shipping, web design and programming issues, the problems getting the checks out, problems opening some of the countries are all straighten out. Do you really want to be the guinea pig that all the hurting and experiments are done on? It’s just NOT smart business.
Why not wait until the minimum of 2 yrs. has gone by and all the major mistakes and corrections have taken place? There is not real major grow in a company until at least 3-7yrs in.
An example of Timing in a Company.
There is a company that sells a type of juice product. Great product. But, if you are a distributor in Canada, you better order a whole bunch of your product before winter hits. Why? Because the company does not ship for 3 months out of the year. Ya that’s right. The company didn’t find an insulated box to put the product in so that the Canadian distributors could get product during the winter months. How insane is that? How well would Walmart do if they couldn’t have products distributed in Canada from Nov.- Feb.?
An example of Timing in the Industry
A while ago when they deregulated phone service, a reseller came along and launched their new company. They promised to save you money. When it was time for their new customers to have their phone service switched to the new company, the old companies wouldn’t release their customer to the new company. It took the new company 2 whole years to get the courts to force the old phone companies to release the customer to the reseller.
So after the 2 yrs., the company became very profitable. That was until about 10 yrs later and all the resellers of phone service, drove the prices down on phone service and now there are no margins left to derive a profit from.
Don’t burden yourself with the company’s growing pains. IF they are still around after 2 years and you still want to join them, then do it.
Simple right.
If you want to hear more wisdom from Michael Dlouhy and other brilliant networkers, download this ebook and let’s connect
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