| |
For many Baby
Boomers, who are turning 60 years old at the rate of one every seven
seconds, as they realize that they have not succeeded in
establishing the nesteggs necessary to fund adequate retirement plans,
panic is setting in.
Many Baby Boomers
have not succeeded in building wealth through time and consistency of
habit, and, perhaps, because they don't know of any better
alternatives, many
continue to hop from one popular Multilevel Marketing (MLM) Plan to
another, repeating the tiring mantra, for each new home based business
opportunity, "This is the best thing since sliced bread!"
Most often, there is no question
that the companies, or manufacturers of products, are financially
stable, and the products, themselves, are high-quality products, but,
because the product unit is a relatively low market demand "low
price-ticket item," the promised residual income becomes a
chased-after illusion!
Yes, even if a distributor
recruits three, who each recruit three, who all recruit three... for
seven generations, generating a team of 2,187 (unrealistic), all trying
to make money distributing a "low price-ticket item," the bottom falls
out for most all distributors!
Though it is understood that the
compensation plans to the distributor are, most often, legal, even if
just by a fine line, through disguising "Bonus" Plans with marginal
product sales provisions, such
Pyramid Schemes are designed to achieve market saturation and, again,
where most individual distributors are concerned, the profit-making
opportunity evaporates.
In fact, as noted in results of
probing surveys of
CPAs and other tax preparers, the failure (no profit made)
rate for distributors involved in MLM
Plans is a whopping 99.9%! The odds are much better in Las
Vegas!
Why are MLM
Plans, or network
marketing systems, then, so popular? One reason is that promoters
of MLM Plans are masters of motivation and inspiration! Illustrating
this theory, it has been found that people absolutely crave praise and
recognition even more than they desire a paycheck! Just think
about it. How often do employees get such praise and recognition at
their "9 to 5" jobs?
Another reason
for the popularity of MLM Plans is "The Dream." Everyone
wants to be somebody special, and that is a good thing! The greatest of
inventions and accomplishments all started with a vision, or a dream!
Contrary
to all the hype and claims of many MLM Plan promotors, though, the lack
of desire and discipline is a relatively minor reason hard-working
distributors fail. Again, selling "low ticket items," such as
soaps, vitamins, health juices and phone plans, just does not provide
the vehicle to enable achievement of "The Dream."
Unfortunately, the popularity
of network marketing is not limited to the Baby Boomers,
as it seems to be the business opportunity narcotic loved by those of
the younger Generation
X and Generation
Y, as well!
Evaluating Multilevel Marketing & Similar Plans
Isn't it time to discuss, with a
reputable and experienced professional, alternative and realistic plans
and strategies to accumulate meaningful wealth, including residual
income?
Throughout virtually all of the
first 28-years of Phil's career; even before such a thing came of
fashion; and even in fast-paced "Silicon Valley" California,
|
|
