MLM and Network Marketing Training, Network Marketing For Engineers

The Best MLM Business For Engineers

If you are an Engineer or other technical professional you are probably earning good money but also understand that time is the most valuable resource, and that is in short supply. If you have money but no time to enjoy it what is the purpose???

TIME AND MONEY!

Ideally we need both right? Time and Money! Yes that’s it, isn’t it? As with most high paid professions it can take a lot of time investment into a career to be successful. So how can you get both time and money? You need to consider leveraging your time to get more of it. As long as we trade time for money you will eventually run out of time in the day. There’s only 24 hours day for each of us. But how can we leverage it better?

 

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TIME LEVERAGING

The only way to get more time in your life is to be able to buy it back. You need to stop only trading time for money. The MLM or Network Marketing Business model works off a principle of time duplication. It is based on the J. Paul Getty phrase where he said ” I would rather get paid 1% of a hundred mens efforts instead of 100% of my own efforts”

That’s what the concept of network marketing and franchising is based on. In reality each and every one of us can use this method to build an income that is ongoing by building a team of like minded people who understand the power of the numbers in this model.

Consider this: If you asked most people if they would prefer to have a penny every day doubled or a million dollars they usually say the million bucks. But lets see how this would really lay out.

Day 1: $.01
Day 2: $.02
Day 3: $.04
Day 4: $.08
Day 5: $.16
Day 6: $.32
Day 7: $.64
Day 8: $1.28
Day 9: $2.56
Day 10: $5.12
Day 11: $10.24
Day 12: $20.48
Day 13: $40.96
Day 14: $81.92
Day 15: $163.84
Day 16: $327.68
Day 17: $655.36
Day 18: $1,310.72
Day 19: $2,621.44
Day 20: $5,242.88
Day 21: $10,485.76
Day 22: $20,971.52
Day 23: $41,943.04
Day 24: $83,886.08
Day 25: $167,772.16
Day 26: $335,544.32
Day 27: $671,088.64
Day 28: $1,342,177.28
Day 29: $2,684,354.56
Day 30: $5,368,709.12

Network Marketing is like that too. You don’t need to know a ton of people because if everyone just knows a few the numbers on your team will expand greatly. Remember it starts out slow but build over time.

WHAT SHOULD ENGINEERS LOOK FOR IN A MLM COMPANY?

If you are an engineer and understand everything we have just covered then what should you look for in a network marketing company? Here is my list of must haves:

  • Online Lead Generation System
  • Email Auto Responder to follow up
  • Online Sales Funnel Tool
  • Teaching and Training System
  • I growing product category that is consumable
  • Ability to work with like minded people
  • Excellent compensation plan with no income limits
  • Ability to work in your spare time
  • Little to no investment
  • No home, hotel or restaurant meetings
  • No need to attend rah rah functions
  • Stable company financial position
  • Most important Introverts can build it successfully

If you are like me and are better with computers and machines than people you can still build a second income that could allow you to work less hours and spend more time with your computer or robots. You can also invest that money into your retirement or even retire early if you wanted too. Who knows, you may even be able to buy a ticket on the first passenger space flights soon! It’s up to you and yes you can do it your way!

Thanks for reading!

To learn about my # 1 recommended MLM company for engineers and introverts CLICK HERE NOW!!!

Mark Balderrama

MARK

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Why Your Customers Are Important To Building Your MLM Team

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When building your MLM team the focus is always on recruiting members on the team. Most of the effort is centered around showing the business opportunity to friends and family and then on to warm and cold contacts. Of course there is nothing wrong with this approach as it needs to be done to expand and grow.

It does seem that many network marketers don’t want to have customers, so they use them only as a fall back position. Meaning; if the person did not want to get involved as a business associate in your mlm then make them a customer. If they order fine, if not you move on to another prospect, right?

Here’s something to consider. If the customer learns about your product and they find a lot of benefit and value they will share it naturally with their friends and family about the improvements they are seeing and feeling. Just like they share about a great restaurant or movie, they can share about what they like about your product and will help you by sharing their story with others. I have added many customers this way, and eventually some of those may want to join the team as well. That’s a process that can duplicate and bring you big growth and happy customers.

 

This is also one of the best ways to introduce people to what you are doing in your business. Some people are very uncomfortable just contacting others about the business opportunity. For some reason they don’t see it as sharing something that people need, in the same way as they do about sharing a product. In actuality they are both the same. You have something that people need, but they may not know it yet. That’s why taking good care of your customers can be a great way to expand your circle of contacts and prospects.

The key is to generate business volume because that’s what you get paid on. Use every method you can to do that.

Be friendly not pushy. Be helpful not angry. Be patient not rushed. I spent a lot of my early days in Amway just plowing through people and not really caring about them. That method does not bring long term success and can actually move your business backwards.

You have to have posture for sure but not arrogance. You don’t need to be rude or insulting to people who are not ready to buy from you or join your team. You never know what may change in their life that makes them come back to you. Make sure you treat them well so they come back to you!

 

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Mark Balderrama

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MLM and Network Marketing Training, Motivational, Personal Finance

How to Enroll High Income Earners in Your MLM Opportunity

 

Check out my new video on this topic. Don’t be afraid to offer the opportunity to everyone and let them make the choice. If you don’t offer it, then you made the choice for them and that is certainly not fair.

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Mark Balderrama

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If You Don’t Like Other People, Then Network Marketing IS For You! Really!

 

If you are introverted, shy or just don’t like working with other people then you can still being very successful. I have been a shy person most of my life. I have to “work” at being a bit more extroverted or people think I’m mad, angry, bummed or something. Most of the time I’m just thinking about things.

When I started in an MLM called Amway in 1989 I was having a very difficult time sharing the business idea with people, in person. That was way before we all had internet in our homes and on our phones. I had to learn to call cold contacts on the phone or approach them in person. Wow! That was a bit challenging but I finally got pretty good at it. I would even teach others in my group how to call people out of the phone book and set up meetings to show the business plan.

Today we don’t have to do that at all if we don’t want to. Although, I do still talk to other people face to face about my MLM; I primarily build it online using the same methods that you would for online dating in a way.  Instead of generating dates. I generate leads online using several different techniques. We share the business opportunity and products online, we can email or text. And many times we still have a phone call to go over the details of how things work and to get some questions answered that are harder to ask and answer in a text.

If we share everything else online and on social media so comfortably, then why not share about our business and learn to establish business relationships as well.

What’s really amazing is that I can build my business with 100% cold contacts and some people are joining my business that I have not even met or talked with at all!

Now, I do believe that you need to establish a relationship with your team members who are actively building. Ultimately you will want to develop your team and leaders. You just cannot do that by not communicating with them. Hopefully by that time you will have learned how to be better at working with others and you can learn this as your business grows.

Blend the best of both online and offline business build methods. Use all the tools available to you and don’t forget to read books and articles that help you grow as a leader too!

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Mark Balderrama

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Why Amway And Other MLM Companies Are Not Cults

The thought that some people have about Amway and other MLM companies being cults has always amazed me. There are times when I wished they were, because in cults people blindly do what the cult leaders tell them to do. Our team members all have minds of their own and businesses of their own and they can do what they want to do.

Anyone who has actually been part of building a network marketing team or organization can tell you that almost no one does what they are asked or told to do regarding building their business. Even when they are the ones asking! That right there should convince you it’s not a cult. But let’s examine some of the concerns people have stated that tells them it’s a cult.

#1 The People In MLM Have A Cult Like Attachment To Their Company

I find this one very interesting as most people have an attachment to their employers company but don’t seem to think it’s a cult. In MLM people are supportive of the company and its products because it is supporting their business too. As far as people having a cult like following, you should check into the companies like Facebook, Google, Yahoo or Apple. Their employees are the most involved, passionate, cultist people I have ever seen outside of a real cult. They have their own campuses for their people with living areas, chef run kitchens and lounge spaces to encourage you to be creative and dedicated at all hours of the day. People are driven to be part of these companies.

If the naysayers meant people who are dedicated to what they are doing in a business of their own, then that could be confused with a cult, I guess.

 

#2 The People Are Very Religious

It is true some people in network marketing are religious. Some are not. It is a business that accepts all kinds of people and has no prejudgment for religious affiliation. It seems like some of the people who have been part of a MLM business have been uncomfortable with people having a pledge of allegiance or a prayer before a meeting or  a seminar. I myself don’t think it should be part of the business proceedings and that it can be off putting for some people.

However it is a right that owning your own business brings. It is no different than what the founder of Chik-Fil-A decided to do. Many of the company’s values are influenced by the religious beliefs of its late founder, S. Truett Cathy, a devout Southern Baptist. Most notably, all Chick-fil-A restaurants are closed for business on Sundays, as well as on Thanksgiving and Christmas.

That does not make them a cult does it? Even the Federal government of the USA closes down on these holidays. We all happily enjoy the paid time off for holidays from our employers right? No double standard there right?

#3 The People Are Fanatical

This can be another true observation that some people in MLM are very passionate about their opportunity to build their own business. It shows us that the American Dream which is so alive in immigrants to the USA, can also be stimulated in the people who are already here. It’s too bad so many people have forgotten or never knew that the USA was built on people who had their own businesses not jobs,

Most people were farmers, tradesmen and artisans before the industrial revolution. You know , people like bakers, tailors, blacksmiths, barbers, weavers, apothecaries etc.

These people were also fanatics about what they did. If not; they would not be able to survive.

Owning your own MLM business is like that in a way. The way, that allows you to be excited to build something for you and your family. That brings out the passion and excitement in people that had no other opportunity to start a business of their own with very little money or training. Somehow being excited about your own enterprise is now a cult. I guess they have never seen the people who go on the show Shark Tank or the Profit. They are fanatical about what they are doing. Starting and owning their own business.

I think it just makes some people uncomfortable that they are bored and not excited about their jobs but don’t have the ambition to do something of their own. Sad really.

I think that people just need to give other people their space to do what they want to do. As long as it does not affect you or what you are doing then keep moving on with your life, would you? If you were offered an opportunity to build your own business by a friend or family member then feel lucky that they saw something in you, that maybe you don’t. Possibly they believe in your capability more than you do. Feel fortunate; not put off by the invitation. They had your best interest in mind.

And if you decided not to join them in their “cult” then you proved my point that network marketing companies like Amway and others cannot be a cult, since no one does what we ask or tell them to do in MLM. After all you did not join right?

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Mark Balderrama

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The Real Network Marketing Story

 

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Everyone seems to have some idea of what network marketing is and may have even been involved at one time or another in a network marketing company. Many people have heard of Amway, Mary Kay and Herbalife; which are all network marketing businesses.

Some of the people you talk to about your business opportunity or products may believe they know what it’s all about because they had a second cousin, who had a friend who didn’t make any money in network marketing. And of course they think they can’t either.

In my experience most people don’t really understand what we are doing but definitely have some preconceived ideas. To be able to help those people get a better understanding you need to be calm and provide clear answers. Its true many people don’t make any money in network marketing. But that is usually due to them not actually doing the work it requires.

If you don’t want to share what you are doing and you don’t want to promote your products or opportunity then network marketing is probably not for you.

However if you are excited about learning how to build your own business then with some hard work and possibly some additional personal growth you can learn how to be successful. It’s no different that when you first started to work a job. You needed to be trained. Here though you’r training to be your own boss. The CEO of your own business.

The good news is that your in business for yourself but not by yourself!

Look for  a network marketing company with a teaching and training system. In some ways you will be going back to school to learn how to become successful.

To learn more about what Network Marketing is and isn’t check out this great article from the Huffington Post.

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Mark Balderrama

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Amway made a lot of millionaires now there’s something new

I joined Amway in 1989. A high school friend of mine called me and asked me a simple question. “Was I interested in making an extra $2000 per month?” who would say no to that question, right?  I was about to get married and had a lot of expenses and was struggling to move up in my career as a R & D Engineer. I was invited to see the “plan” at his home. Later during the “follow up” I spent about an hour arguing with my friend that it could not work. Eventually he said “fine then don’t join”.

That really made me mad; him telling me I shouldn’t do something I want to do. Wait a minute here, now I want to do this? I remember telling him I’m going to do this just to show you it can’t work. Really dumb statement, I know.

I started to learn about how to build the network marketing business by sharing with my friends and family. Some of them actually joined us and we had a great time together. Then I moved on to the warm contacts. These were people that I worked with and knew from the past but did not have a current close relationship with. Then last but not least the dreaded “cold contacts”. We wrote a script and would call people we met during visits to shops and to the mall, looking at cars, whatever & whenever. Clearly this was the largest group of people and in fact many of the leaders in the group came from cold contacting.

We were following the examples and teachings of the leaders that were in my upline. Don Wilson and Randy Haugen. These people had reached a level of success we all wanted. They were millionaires many times over. They taught us how to do what they did and to build good size teams. It worked too! These leaders became very successful in Amway and we reached some levels of success as well.

Around 2001 Amway they created Quixtar. It was intended to be an online business concept where all customers could order online. You could enroll online and you had  a back office and all. This was going to revolutionize the business and I think the idea was a good one. Just a bit premature. Especially since we all only had “dial up” internet access. It was very slow and many people did not have access. We left Quixtar in 2003 and in 2007, Amway got rid of the name and went back to the name Amway Global.

What’s New Today?

A couple of years ago I started looking for the best network marketing companies today, and there are several.  I wanted to get back involved in this form of business because I had been involved in running conventional businesses over the last 20 years and really missed the focus on working as a team, helping other people, building something of your own and having unlimited earning potential. Plus there is no other business that allows you to duplicate your time as easily.

Now with virtually everyone having access to high speed internet service, cellphones in everyone’s hand, and constant social media viewing the network marketing business needs to change as well. There are still people trying to build the “old” way with face to face marketing and there is nothing wrong with it, if it works for you. What I have found is that people are moving at a faster pace than ever. It’s hard to get their attention and keep it, long enough to share the opportunity with them.

I felt that the network marketing building methods had to change somehow to take advantage of the current culture of being online and accessing social media almost continually.  Today we don’t call it “cold contacting” we call it “lead generation” and the whole process is flipped upside down from what we used to do.

In the old days we would ask a cold contact “if they have considered other business ideas” or “have you thought about owning your own business?”, or something similar. Sometimes we would hand out business cards or collect them. I even taught people in my group how to call people out of the phone book. I cannot believe that we used to do that. Wow! It worked but it was not for the faint of heart. Most people were deathly afraid of talking about a business opportunity to someone they don’t know face to face. Or even over the telephone. It was very hard to help people who said they don’t know anyone else, other than their broke brother in-law and their best friend who just got out of jail and really needs the business.

Frequently we would waste our time talking to someone who was not interested in doing something else other than working their job. They did not have a dream or goal to own their own business. Some just were not thinking of the future, just wanting to get by paycheck by paycheck.

Today we don’t need to ask people who are not looking. Today we make sure people who are looking can find us. By using social media, videos, websites and blogs we can draw in people who are searching just the way I was a few years ago. We have automated marketing systems and we can reach out to a much larger audience of “pre-qualified” people. I call them that because they are already clearly looking and they may be open to what your business opportunity is all about.

Once they locate you and join your team you just teach them the methods you use and so on. Now I am simplifying it a bit because we use some special tools and methods that only people who join our team get to use. However the principle is still the same.

Times continue to change so I plan to adapt to them in my network marketing business and continually improve. This is what will provide sustainability for years to come.

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Mark Balderrama

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The best way to make contacts in Network Marketing

I was involved in network marketing in the early 90’s and the way we built our network marketing business was initially by talking to our friends and family about the business and the products. A few of them decided to get involved with us and it actually worked out pretty good. With that start we built a good size team and were able to help others in our group achieve some of their goals as well.

Eventually we all run out of names on the friends and family list and need to work with our warm market. These are the folks we know as acquaintances. Some of these people are working with you or are involved with you in some fashion. For example the person who you see everyday at work. The pest service guy, the same person at the gym you go to who you’ve been talking to but don’t invite over to your home.

Talking to these people can be intimidating initially because now you are in a business of your own and it seems awkward. It didn’t before when you would talk about the weather or something in the news, right?  So what do you say now?

Remember they didn’t ask you to show them your business straight out. You have to listen to people. They tell you things that allow you to see how you can help them. Listen to what they complain about. Then you can offer a solution. Don’t be surprised if some people are not really interested in solving the issues they complain about. Some people just like having something to complain about. Don’t be upset, just move on.

Remember you have something to change their life for the better. You don’t have to feel bad about yourself because they were not interested. Feel bad for them, because they don’t see what you see…yet. Come back to them later. like in a few months or a year as things can “open” their window.

The next group of possible contacts is the cold market. These are people who you don’t know yet. I say “yet” because you will have to get to know them if you want to work together. There are many ways to do this today compared to the “old” days in network marketing. We used to go to shopping malls, look at stuff and meet people. We would gather business cards, we would hand out business cards too. I even taught people how to call people out of the telephone book. Wow! I don’t miss those days.

Today we use many different methods like social media, online ads and videos to generate interest. One of the problems I saw my team in the 90’s do, was to not pre-qualify the contact. They would start offering the business opportunity before they determined if they were even open to something other than what they were doing. Believe it or not, not everyone is, just because you decided to build a big network marketing business now.

Timing is everything. Using today’s methods it allows the people who are interested in  a business of their own to find you. This is the best of all worlds as the people who are led to you, are already interested in what you are doing. This makes it much easier to share the details and help them get started on the path to learning more.

Putting it all together today still takes work. It is just a different kind of work. When I started my MLM business again two years ago , I started the same as I had before. Except I skipped my friends and family this time around. No one was interested anyways. Weird how the people closest to you are the least supportive sometimes, right?

I was talking face to face to a lot of warm and cold contacts and not having much success really. It also took a ton of time. I started researching how to generate mlm leads and started looking for leaders in today’s network marketing and was fortunate to find some leaders who are doing it right. I just started following their examples and learned as much as possible from them. I am still learning actually and that’s a good thing.

If you want to learn more, consider joining my team and we will share with you specific, tested methods that work to grow your business. Take the free tour and learn more now!

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HOW DO YOU BUILD MLM? ACT LIKE YOU ARE A BUSINESS OWNER

investment4If you are serious about building a network marketing business you need to treat it as a big business from the start. This means you need to invest both time and money into making it successful.

How Much Should I Invest?

Many people treat MLM or network marketing as a small, part time business that I should not have to invest money into kind of thing. Not sure why that is, but it’s not the best way to build it.

In conventional businesses people will invest thousands of dollars into a building, signage, advertising, employees, inventory, insurance etc. before they have even opened their doors or made a single dollar.

Yet when they start their MLM business they seem to be reluctant to invest anything. It takes only two things to build a business of any kind: Time or Money and most times, both. If you have no money then you must invest your time and do so at a high level.

Expectations

You cannot expect to spend 40-50 hours per week for your employer and then spend 1 hour a week building you own business and expect the money to just flood in. Set time aside and be consistent in your daily business investment of time.

Additionally the MLM business does require some investment in the form of money. You will be using it for different things than a conventional business because we don’t need any of the traditional things. In network marketing you invest money into lead generation, advertising, and learning more about business meaning it’s an investment in your own education. Like with anything new, you need to invest time and effort.

If you already knew how to start and build a successful MLM you would have one already right? If you are looking to grow your MLM to the next level then invest again. So don’t be afraid of investing in your own business and in yourself. Ultimately it’s for you and your family.

Tax Deductible?

Remember that you are a real business owner and you are entitled to the real benefits available to you. Many of your business investments and expenses are tax deductible. Advertising, Lead Generating activities, meetings, educational expenses, meals and mile may all be deductible and reduce the amount of taxes you have to pay at during tax time. Check with your tax preparer to get the list of qualified item. You don’t get to write off your expense you incur while you are going back and forth to work do you?

So remember the money you invest pays you in more than one way now. It helps you grow your business and saves you money at tax time. Think about how great that is!

Small thinking versus big thinking

OK, here’s we we get personal a bit. Are you ready?

You are, where you are in life based on the way you think. It’s not the circumstances or your upbringing or someone else’s  fault here. You need to change the way you think about how you are spending your time and money. If you want to be a millionaire listen to one and do what they did. Just follow their success pattern.

You don’t need to do what they do for a business to benefit from their methods and thinking. Watch Marcus Lemonis on the the TV show “The Profit”. It is a really great show that teaches you about a lot of excellent and valuable business principles and methods and shows the right and wrong way to think about business. It is also very fun an entertaining at the same time!

If you are really interested in building a six figure income in network marketing then you have to change the way you think about investing . Give your own business as much as you can. It pays off in the next 2-5 years in the business and the investment in your education is your for life. You will take that everywhere.

If you want to be making $10,000 per month or more you need to align your thinking with people who do.

Think Big. Earn Big.

Small investment versus a big investment

Remember you don’t need a big investment to start your REAL network marketing business. It costs anywhere from $29-$299 to start your business. That does not make it any less real or reduce the potential of making big money because you did not have to invest $100,000 or more. Don’t get hung up on not having a building everyone can see with your name on the sign. This is a Huge benefit!

In any case the name of the game is getting people to see and experience the products you offer and the opportunity they can benefit from. In any business that will take both time and money.

MLM investments

If you want to learn how to get the most out of your investment of time and money you can learn our teams lead generation techniques that can yield you the lowest possible cost leads.

Join my team and we will show you how to do it. Then you show, the team members who join you. It creates fast duplication and allows a sustainable pattern for success that anyone can follow.

If you are NOT on my team yet, please fill out this quick form HERE

Believe in yourself, believe in your business and invest in both. You are worth having the lifestyle you want, but you have to work for it and invest in it.

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Mark Balderrama

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Why Network Marketing is not a Pyramid

I have been involved in network marketing for over 20 years. Over the years I have had people give me many different reasons why they are not interested in building a network marketing business. Some think its too good to be true. Others want a “real business”. You know the kind where you get a business loan, mortgage the house or borrow money from friends kind if “real business”.  Along the way you may also hear a common response from prospective business associates. It’s actually more of a common misconception; that some people think multi level marketing or network marketing is a “pyramid” or a “pyramid scheme”. This appears to be based their observation of the basic network marketing team structure. This being someone at the top of a tree and people below that person who; in their minds will get shafted later when the money runs out. They assume everyone who got enrolled before them will make all of the money off of the last person who joined.

I have always found this to be an odd perspective. Maybe it just comes from people who are just not really interested in building a business of their own and need a guilt free way to say “not interested”. Lets look at what a pyramid is and isn’t.

First off Pyramid schemes are illegal and generally don’t exist. One of the few things the government does well is place restrictions on businesses and prevents this type of activity pretty quickly. Most people that have this preconceived notion assume network marketing is a pyramid as soon as you draw out the network team structure. It always shows them at the top and other people under them. The also understand they are at the bottom of  someone else’s team/tree. Presumably yours.

Evidently this bothers some people who think you somehow are going to make money off of them and that this is NOT OK. After all you have to get them started and train them and provide support of all kinds for free. When you can help them become successful and build a good size income; then and ONLY then will you make a small percentage from the business volume generated. Keep in mind this is not money that will come out of their pocket either.  I really don’t see the issue. Get FREE help building your business and when you become successful the person who started and helped you gets paid something.

job pyramid

I don’t really think they understand that the only legal pyramid scheme is working a job. Look at any organization chart for any business in the world. There is always someone at the top and someone at the bottom. The President or CEO is above you right? Then the executive management team, next level managers then the workers below them. Right? Draw it out some time or look at your employers org chart. What do you see? Looks a lot like a pyramid in shape doesn’t it?

Who makes more? The people at the top or you? Can you make more than the manager or supervisor above you in the org chart? Probably not, unless you are in sales and earn commission. Frankly you probably work harder than your boss yet they make more money than you do. Does that sound about right?

mlm pyramid

In Network Marketing you are the CEO of your business and therefore, can make more money that the person who introduced you to the business and even more than anyone who is in the network before you; including the first person who joined. You just need to work harder and build a bigger team. It’s that simple really. That’s what we consider fair. Those that work harder and have a bigger business should always make more money than someone who doesn’t, right?

Think about it and really look into network marketing. It is still the best way to start your own business and have the lowest startup cost. The lowest risk and the training system to help you learn what to do and usually several people to help you personally when you need it.

Sounds like a pretty good deal to me. Check it out for yourself. What have you got to lose?

For two of the best Network Marketing Companies today, take a free tour by clicking on the buttons below.

Take the Free business tour of Hempworx

 

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Thanks for reading!

Mark Balderrama

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Twister sitting happy!
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