Everyday it seems there is a new ground floor MLM Opportunity announced. Find your direction to MLM success with this new one of a kind business opportunity. We have a patented advanced compensation plan, a product used by over 200 million people daily in the US alone. And with our proven duplicable MLM system, no one will be left behind because we do 95% of the work for you.
Sound familiar?
Today someone asks me to check into this new ground floor MLM opportunity for them. Where do all these gamblers come from? Don’t they know that the failure rate for new companies is around 95% during the first two years. Already this guy could be looking at only having one chance in 20 of making it to the third year with his business.
Oh, but not this new ground floor MLM opportunity. These guys have been around since 1999. They adopted the retail business model for their product. It didn’t work, but you know what, the MLM business model is what they should have gone with.
Here is what I found out in a few short minutes.
- The website does not list any information about the owners or managers so we can see what kind of experience they have in MLM or don’t have.
- They have a single category niche product. It failed in retail so now they want to go with MLM. They claim 200 million people use similar products daily in the US. Of course those products cost about one tenth to one twentieth the cost of this product. Looks like they described a different niche.
- There is no compensation plan on the web site. All I know is that they use the MLM compensation plan model.
- I checked out the product. I have seen it in the retail stores. Of course it is not there anymore. The price has gone way way up now. A package of the product is about $15. Similar products can be purchased retail for under $1.
- But there is science behind their product. Yep, one ingredient makes it different than some of the competition. But there is already competition well established who use this one magic ingredient.
- So I know nothing about the people running the company, or the compensation plan. But still I go to see what happens when I want to sign up. I have to agree to the terms and conditions. Guess what? By agreeing I am stating that I have read and understood the policies and procedures and the company’s compensation plan. They want me to lie right off the bat. Where are these items for me to read and understand.
There is more, but any of these things is reason not to look at this company seriously. Yet people will probably flock to it to get in on the ground floor MLM opportunity. They will not recognize how the company is spinning negatives into what looks like positives.
Sadly most will lose their money. Some will lose their trust in people and MLM. Some will feel their failure was all their fault.
But the first thing people should be doing is properly evaluating an opportunity. Before anything else, you must put yourself in the best possible position to achieve MLM success.
When you fall for a company with even a small amount of the kinds of problems listed above, you are reducing your chance to succeed.
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