Eiro Research, a multi level marketing company specializing in health and wellness products, has shut it’s doors. I hate to report this again, but it is now in writing. It was created in the fall of 2009.
There are a few mistakes that we make as network marketers and Mistake #9 is
being “Totally bamboozled by every shout of “Prelaunch! Ground Floor Opportunity!”
Some people seem to be forever joining the next ground floor opportunity. And the next and the next and the next … BAM, the next thing you know your new start up company has gone out of business. And you the distributor have wasted your time and money, blood, sweat and tears to make this “Best ever cycling matrix, pulsating downline” work for you.
Another mistake is getting caught up in the fact that the company has joined up with a “BIG” name. Actor Danny Glover joined in April of 2009, a good actor for sure, but his name could not keep Eiro Research in business.
The Blue personality type is especially susceptible to this. (I know – I’m a Blue!) You’re looking for excitement, and what could be more exciting than something new? So you just jump, and you are never in one place long enough to ever build anything.
Unless you own the Fountain of Youth, you’re going to get older, just like the rest of us. The worst words to hear in network marketing are: “ground floor opportunity”. Over 90% of the companies that get started, don’t make it 2 years. And most of the rest are gone after 5 years.
Here is proof of this statistic coming true again. Eiro Research starts in fall of 2009 and GONE by November of 2010. It is like I have some sort of crystal ball. Not really, I just educated myself about this industry and how things work or don’t work. How long a new company lasts or does not last. It is not rocket science by any stretch of the imagination. A new network marketing company is no different than a new traditional business starting up. There are bumps and hiccups along the way. Some of which the company will make it through without stumbling or blinking an eye. But MOST never make it to the other side of the first year.
Your chances aren’t much worse playing the lottery or the slots in Vegas.
It’s important to pursue success with a company that has proven it will be around long term. Pre-launch deals don’t qualify. Only a very small percentage of them will last even last 2 years. Checking the background of the company management team would not hurt either.
How do you measure if a company will be around long term? Your measuring stick should be that the company has proven itself sustainable for at least 2 years. It takes that long to knock the kinks and cobwebs out of it.
It takes 2 years to get their ducks in a row, to get their campaigns together, to get everything approved in different countries, to get warehouses built, and all that stuff. They’ve already survived a lot of the normal growing pains. They have much better long term prospects than any “pre-launch”.Make them prove themselves by being around 2
years before you commit your time & money to that business.
The really sad thing is you or someone you know will read this article and jump right back into a “pre-launch” “ground floor”, start-up” opportunity. WHY do YOU want to be the guinea pig for a new company when you could find lasting success with a company that has already proven itself for years?
Here is the letter the distributors and customers received provided thanks to MLMWatchDog.
STOP!!! BEFORE you join ANY network/MLM opportunity, you owe it to yourself to get educated and learn how to avoid failure, frustration and scams. Contact us and we would be honoured to help you with education on the industry. How would you feel if you were never scammed again?
Commit To Success Today
Dave and Darlene Mills
Leadership With A Vision
“You cannot teach a man anything. You can only help him discover it within himself.” — Galileo
PS: You can find some free audio training at this site: http://mlmtraininginfo.daveanddarlenemills.com