Networking isa wonderful opportunity where average people can make a huge difference in their financial future. But it does come with some warning….I don’t want to frighten people away from networking; but there are 4 warning signs that your MLM check is not safe from your CEO, the crooked evil opportunist.
Most people just sign up and never do any research, then a few months down the road when they are failing and frustrated networkers, wondering why? Do you know what to look for in a company and the opportunity attached to it (the compensation plan)? Most people don’t know the answer to that question!
Before joining any opportunity you should do your OWN due diligence. YOUR due diligence! Don’t leave that up to your friend or your sponsor. Chances are they did not research the company either and even their upline may not have done their due diligence. It creates a long line of the blind leading the blind who didn’t take their business opportunity seriously enough to check everything.
If you don’t know what to look for, that would normally raise red flags, then you don’t know what could be a problem even if it were right in front of you…so education is key…know what you should be looking for and where to look.
Be sure that you have the Policies and Procedures in your possession BEFORE you sign up; so you can study them and even take them to a lawyer or someone who has studied this sort of legalese, to be certain that the contract is fair for both you and the company. Make sure the contract is not leaning more in the company’s favour.
Be sure to study the compensation plan. If you do not understand compensation plans…most people do not…they see some circles in a presentation and think they only need to find 2 or 3 people to generate a good income. Compensation plans are much deeper than this and require some careful research and understanding of the numbers.
If you look at any company’s policies and procedures, for example, and see that there is a non-renewal clause this means that the company can decide NOT to RENEW your contract for any reason or for no reason at all. This means the company CAN terminate you for any reason with or without cause.
This is not a good clause to see in a contract because:
Companies from time to time decide that they would like to change the business model from networking to retailing…this my friends spells TERMINATION of your contract.
Many times distributors have been terminated because the company was going through financial trouble. When they become this financially strapped they will go looking for a clause to use against you.
That’s a bad thing, because if you build up a nice pay check and they decide they would rather not renew your contract because they need your check to pay for their lights, leer jets, big fancy office building, large legal team and office staff, you may be terminated and others to meet their financial burden.
Now you may be saying to yourself that all contracts are written this way and they would never terminate me.
Not all contracts are written this way but be sure that if your contract is riddled with the word”terminate” believe you me, they will use it (when necessary and for the companies greater good) and terminate anyone.
In 2008, we declared war on losing money and maxing out our credit cards. If you’d like to read the free report that showed us how we could pay off our credit cards and will turn things around for you, then be sure to download Are You Walking Past A Fortune?
Commit To Success Today
Dave and Darlene Mills
Leadership With A Vision
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Vision without action is merely a dream. Action without vision just
passes the time. Vision with action can change the world. Joel A. Barker Vision without action is merely a dream. Action without vision just passes the time. Vision with action can change the world. by Joel A. Barker