Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword or section
Like this
38Activity
0 of .
Results for:
No results containing your search query
P. 1
Pyramid Schemes: Saving the network marketing industry by defining the gray

Pyramid Schemes: Saving the network marketing industry by defining the gray

Ratings:

5.0

(5)
|Views: 19,710|Likes:
Published by kevin_thompson
In these trying economic times, responsible network marketing companies are positioned to offer viable opportunities for people that desperately need them. They combine passion for products with individual ambition to create a powerful testimony to the unyielding principles of free enterprise. With a fair compensation plan, an exciting product, and proper education, independent agents across the globe can leverage the power of networking to dramatically change their financial circumstances while working from home.

But while the industry is poised to meet increased demands for unique products and viable opportunities, the law remains confusing! The legal pitfalls are severe, cumbersome and complex. The penalties range from civil liability to jail time. And unfortunately, there’s not much guidance to help companies stay on the right side of law. While less sophisticated organizations view the law as an impediment to profits, responsible organizations value legal assistance as necessary tools for long term sustainability. In these uncertain regulatory times, organizations that cultivate the right sales culture early will thrive. In this industry, legal issues go largely unnoticed until they’ve caused serious damage. An ounce of prevention is worth a pound of cure.
In these trying economic times, responsible network marketing companies are positioned to offer viable opportunities for people that desperately need them. They combine passion for products with individual ambition to create a powerful testimony to the unyielding principles of free enterprise. With a fair compensation plan, an exciting product, and proper education, independent agents across the globe can leverage the power of networking to dramatically change their financial circumstances while working from home.

But while the industry is poised to meet increased demands for unique products and viable opportunities, the law remains confusing! The legal pitfalls are severe, cumbersome and complex. The penalties range from civil liability to jail time. And unfortunately, there’s not much guidance to help companies stay on the right side of law. While less sophisticated organizations view the law as an impediment to profits, responsible organizations value legal assistance as necessary tools for long term sustainability. In these uncertain regulatory times, organizations that cultivate the right sales culture early will thrive. In this industry, legal issues go largely unnoticed until they’ve caused serious damage. An ounce of prevention is worth a pound of cure.

More info:

Published by: kevin_thompson on Mar 25, 2009
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

02/21/2013

pdf

text

original

 
 
P
YRAMID
S
CHEMES
:
 
Saving the network marketing industry bydefining the gray
byKevin Thompsonkevin@theadvocategroup.net
copyright of Advanced Advocates, LLC.
 
!
!
I.
 
I
NTRODUCTION
 
In these trying economic times, responsible network marketing companies are positionedto offer viable opportunities for people that desperately need them. They combine passion for products with individual ambition to create a powerful testimony to theunyielding principles of free enterprise. With a fair compensation plan, an exciting product, and proper education, independent agents across the globe (also referred to asdistributors) can leverage the power of networking to dramatically change their financialcircumstances. Network marketing companies are responsible for providing itsdistributors with marketable products and compensation plans that rewards andmotivates the sales force. Ideally, the rewards are designed to be commensurate with the work performed.
With a good product and a fair compensation plan,
 
"
!
the average person is given an opportunity to completely redefinetheir finances while operating a home based business.
 Distributors earn income primarily in two ways. First, they can purchase products atwholesale and mark them up for retail sales, thus earning an immediate profit.Secondly, they can form a “downline” by recruiting additional distributors and earncommissions on their sales to customers and purchases for personal use. Sincedistributors are paid commissions on sales made at “multiple levels” down a fixed salesorganization, network marketing is commonly referred to as multilevel marketing.In his book titled The New Professionals, authors Charles King and James Robinsonhighlight the historical roots of direct sales. The roots of direct selling can be traced back to the colonial peddlers selling various goods door to door.
1
Until transportation

Activity (38)

You've already reviewed this. Edit your review.
1 thousand reads
1 hundred reads
Chris Susan Beesley added this note
Excellent information - just wish the "jo public skeptic" who wants to call everything a pyramid scheme would just read this
Ronen Brown added this note
Excellent information and insight. Reading this reinforces the knowledge I have of being in the right MLM company, with 50% of its sales coming from real preferred customers, because of a product that works fast and is changing people’s lives. Thanks for your work.
Mujibur Rahman added this note
Good Read - I love Multi-Level Marketing and the infinite potential it offers.
ShunENDO liked this

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->