Hoping to Inspire you one Blog at a time.
IS THAT BUSINESS REALLY LEGIT?
HOW TO RESPOND WHEN YOU GET THIS RESPONSE
That sounds like a scam! Looks like a pyramid scheme to me! Is that even a legitimate business model?
Have you gotten these questions from others before? Or seen the look on their face when you start talking about your new plan and business you are doing?
Maybe even thought them yourself at some point? But, now want some good words to back but and explain to others.
How do you respond to people who come at you with this attitude, words, and questions?
Listen, I had to learn how to respond to this because my own husband came up with these questions. So, it could come from anyone…spouse, parents, friends and strangers. Best thing is to research and be ready to respond so you will fill confident answering and empowered as you talk about it and they will be so impressed by you. And, if not oh well becaseu you know you are awesome!
Today I going to share with you all the info I have gathered in order to do just that. Make sure you watch and not just read because there will be an extra expriement in there that I can not show you here in writing…so cool!
IS THAT BUSINESS REALLY LEGIT?
HOW TO RESPOND WHEN YOU GET THIS RESPONSE
INFORMATION IS POWER
I truly believe that knowledge gives you the power to and elevates your decision-making skills. Without knowledge on whatever topic you are thinking or talking about you are not able to make an informed educated decision because you simply do not have the full ‘information’ or ‘education’ on the topic.
This is where people speak from when they bring up these questions and this attitude to you when you mention this new plan. They either do not proceed or do with questions, caution and a prejudgment on the topic.
First, we have to know that we can not, and it’s not our job, to convince people to change their minds about this topic or any other. The only thing we can do is provide valid information for them to look at, if they are willing and open, and let them formulate their own opinion.
Second, we have to know how to respond and with what to respond with. Our belief and attitude coupled with this should allow us to go forth in confidence in our business. We also need to be humble as we meet others who have these questions because we don’t know what we don’t know until we know.
When we know then we can either change or keep moving forward with original thoughts an actions. And, those who don’t come to our side…it’s
BREAKING IT DOWN
Let’s break it down an address these one at a time, shall we?
Looking at the definitions alone will give a great look into answering all these questions and a definite foundation for explaining this to others who have these questions.
- Business – the practice of making one’s living by engaging in commerce
- Commerce – Activity of buying and selling
- Pyramid Scheme – is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal.
- Legit – conformity to the law or to rules.
Responses like this one
This is of no fault to them. They just don’t know and we can’t fault people be they don’t know and are not informed. And that’s where we step in.
Ever watch the news? I don’t anymore all negative and I just can’t handle it.
Why is it so negative? Why do those stories always make the news and that seems to be all that’s there? Because the world feeds on negativity. It’s like a bad accident we can’t take our eyes off of. It pulls us in.
By nature, we are drawn to it. The news is the same it’s mostly all negative because they know that’s what sells and that’s what people will tune into.
Google ANYTHING online and you will find negativity (if you haven’t watched the video you totally should because I did a cool experiment to prove this very point)
Google ANY Network Marketing company and you will have negative reviews in some way shape or form. If you don’t maybe they are new, just give it time, it will happen.
If their first thought is ‘SCAM!’, then again they are uneducated in this area and it’s our job to inform, not convince but inform.
Let’s chat examples. I was a volleyball player growing up so I am going to use this as an example.
If we go with the thought of this business model being a scam based on what the general population who are uneducated in this area thinks then being a volleyball player in school, club, college and in the pros is all a scam.
People who respond with this may say they know so many people who have tried and failed. Maybe they have tried and failed themselves. So because they did not make it or the people they know did not make it. They lost money and see only a small amount of people actually profit from this business model they see it as a scam.
So, back to volleyball. Only a small portion of volleyball players make it college and make money in the form of a scholarship to get their educations and even a smaller portion make it to the pros and make money and fame there.
So, therefore, playing volleyball in schools, clubs, college and even the pros are such scams and we should avoid it and not even try. In fact, we should tell our kids that the chances of them achieving a scholarship and/or becoming a pro is so slim they should not even play as a child.
Volleyball is not a scam and it ‘s not something we should avoid and not do for fun or strive to get a scholarship even if we know we will never go pro.
Network Marketing is not either. Just like anyone can play volleyball if they want to and can learn the skills needed to get through a game and improve themselves, anyone can join network marketing and learn the skills needed to grow and improve themselves.
Only a few make earn a scholarship and less make the pros because some things are limited. For example, you can only grow so tall and your physical limitations may stop
But, what’s awesome about Network Marketing is that there are no limitations.
Expect what you mind limits you to. Everyone has the opportunity to fail or have massive success. Your height won’t stop you from reaching the coveted 1% in your company if that’s your goal. And, if it’s not then you can enjoy just having fun with it and earning a small income.
There are no requirements.
You don’t have to have a college education, perfect credit, be a certain height, have specific family roots or money. It’s not tied to your performance before joining. You can come with no experience and make a good living. You just have to be coachable. Even if you are coachable in volleyball, or apply that to any sports if you wish, there are limitations that will stop you from going all the way to the top.
Not everyone makes it to the top in Network Marketing, that is also not everyone’s goal, but they could if that wanted to. Everyone has that opportunity if they choose. That’s no scam it just involves work.
I would rather work my butt off in this industry than to work my butt off in the corporate world only be capped at how far up I can go and how much money I can make. Why not create more income with no cap?
Typically people join this industry with little to no experience in marketing and are spammy
Two reasons why someone would respond with this response.
The structure looks like the shape of a pyramid an/or they have heard phrase but do not truly understand the meaning.
Can you think of any company out there that does not have a corporate or organizational chart in that shape? Really?
Almost anything out there has the pyramid-like shape to it and that has absolutely nothing to do with the legitimacy of the business model.
Next, they have heard the phrase but they don’t really know what that means.
If you were to ask them they might not even be able to describe what they mean by saying that.
First, these are illegal and when they pop up they are not around for long because Network Marketing has some of the strictest laws around. And because of this, Network Marketing companies they are extremely careful how they incentivize their reps who are building their team.
If you run into a company that only pays people based on recruiting HEAD FOR THE HILLS because they are probably not working with within these strict laws and won’t be around for long.
There have been some companies who have gotten shut down, others who are walking the fine line and have been told that they have to make sure their sales from products are at a certain percentage and not coming all from recruiting.
When things like this hit the news the media goes crazy for this and of course that gives the legit businesses a bad name. Know that this is a small percentage of MLM or NM companies.
Just know what this means, what to look for, how to research it and then how to explain it when you get into the industry because it will come up. Maybe not as much these days because everyone and their momma is joining Network Marketing (which is awesome by the way) but it will come up.
To have a legal business you have to build a compensation plan, formulate products or services and make a plan to market and sell that product or service.
Then, you have to structure everything you do business wise to make sure it’s legal. It’s been suggested while doing my research these companies have to do it more than the traditional ‘real’ businesses out there.
With that and by the very definition, we covered Network Marketing is legit by definition.
Network Marketing is just Personal Development with a compensation plan attached to it. Which has become my favorite part because I work on improving
We could stop right there. But, here is a little more.
There are some hurdles the industry has to jump through. By nature, people prejudge things and are attracted to that negative information. We touched on this not long ago.
Because people join and start spamming their friends, family and newsfeeds (no judgment here because I did the exact same thing. Remember, we don’t know what we don’t know until we know.) Everyone has a negative view of this industry and without research or the proper knowledge opinions and judgments are formed.
We have to jump these hurdles and fight against all those doing it the ‘wrong way’ to no fault of their own. Teach them the right way and turn the negative connotation that surrounds Network Marketing around.
So there is a cognitive bias out there, a flaw in our decision-making abilities. And, it’s something we have to overcome when sharing this industry and our business.
I am linking an article that goes into this more and better than I can explain and I highly recommend you checking it out as it has information on the whole idea of ‘Is this business legit?’ and this cognitive bias concept.
The author shares his personal experience with this topic and what awesome advice he received when asking how he should respond to this objection.
What’s the bottom line here?
Do not allow this to affect your excitement and business activities.
Go forward in the truth that you have researched and educated yourself on this and forget what others have to say because I bet you researched way more than they did.
Walk that walk and show them because actions speak louder than words.
That’s it! That’s what I have for today!
So…I like convos where it’s two way you know right? so I just spoke for a while so now it’s your turn.
QUESTION OF THE BLOG…
(feel free to post your responses below and/or on the video on SM)
Tell me your thoughts on today topic?
No discipline seems pleasant at the time, but painful. Later on, however, it produces a harvest of righteousness and peace for those who have been trained by it. Hebrews 12:11
Hey, thank you!
Thank you for jumping on this post!
Hopefully, I have added value to you here. I would love to hear from you on this post and/or on the live stream! Tell me what your experience is and what tools you use.
Until next time, have a great day!
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