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Topics > Business Planning How To's > ID: 1737

Are You Playing Truth or Dare with Your Business

Posted Date: Dec 3rd, 2008 23:07 | Hits: 579
Info Page: online advertising

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  • BrendanDalley
  • Executive Trainer
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Did you ever play the game truth or dare when you were a kid? It’s funny how when you were posed with a hard truth question you wanted to automatically go to a dare instead. Funny how the truth can be harder than some life dangering dare.

Are you still playing truth or dare when it comes to your business? I have consulted with many individuals who have gotten quite upset when the truth is revealed to them. This often happens when an individual is so in love with a company or product that they can’t understand why they are not making any money, or worse yet, they are like the old woman in the casino, puffing a cigarette, while having an oxygen tube around her face, pulling on the slot machine thinking that the next pull is going to make her a millionaire. All-the-while she is just killing herself quickly physically, emotionally, and financially.

So why are so many planning for failure? It’s because EMOTION is the driving mechanism and when EMOTION is in the driver seat, safety and well-being are out the window. Now EMOTION is natural to all of us and it’s not a bad thing. One just needs to regroup and recheck after their bliss of EMOTION has run it’s course. Just a word of caution, EMOTION will get you in debt and give you more heart ache and head ache in the morning than anything else. Go ahead and get excited for your opportunity but bring in LOGIC before you break out the wallet.

Here are some questions for LOGIC to ask:
1.  Is the company management run with Integrity? Google the owners and do some research.
2.  Does the company management have actual experience? Life doesn’t always count as experience.
3.  What’s the termination clause say in the policies and procedures? Can they terminate you for any reason?
4.  How long has the company been around? Is it a newbie (most fail) or has it run it’s course?
5.  Do you have a remarkable product for a good price? Cash Gifting does not qualify….EVER!
6.  How do the part-timers get paid? Part-timers will make up most of your organization. They should get paid well.
7.  How many people do you need in your downline to make the “residual” income you want? Most don’t have a clue on this and let Emotion take control of this one by using the word “potential.”
8.  Do you get paid on ALL product volume of recruits? Again many companies use recruiting as a benchmark and then they make it harder by having binaries and such.
9.  Does the company have a free duplicatable system to get results? It’s insane to pay large amounts of money for a system to make the company money (doesn’t make much sense).
10.  Does the company want you to make a list of friends and family and/or buy leads? Is so, be prepared to be shunned and lose large amounts of money.

Lead On,
Brendan Dalley

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Are You Playing Truth or Dare with Your Business Dec 3rd, 2008 23:07
Did you ever play the game truth or dare when you were a kid? It’s funny how when you were posed with a hard truth question you wanted to automatically go to a dare instead. Funny how the truth ...
How many MLM companies have you been in? Dec 1st, 2008 16:13
I am doing some research for an article and I would love your feedback. Please pass this on.

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Member's comment

pplcheryl63  Dec 5th, 2008
Alex Wrobel: Yes I agree that cash gifting does not seem like too good of a money making opportunity. I am not g
It's not too good of a money making opportunity, it's an illegal one! Just ask your local State Attorney General what the law says about them.

pplcheryl63  Dec 5th, 2008
BrendanDalley: Very well said. It just drives me insane to her people pitching cash gifting. Thank you for that res
If there is one thing guaranteed to make me climb up on my soapbox, it's cash gifting, especially when people mislead the unwary by using the tax code to support their claims. I think that it should be a felony with at least a 10 year mandatory sentence!

My advice to anyone considering a cash gifting program is to run it by your state attorneys office! Even "legal" paperwork will not protect you as members of the Women Helping Women scheme found out. All these programs will get you in the end is fines, jail time and a ruined reputation.

Alex Wrobel  Dec 5th, 2008
Yes I agree that cash gifting does not seem like too good of a money making opportunity. I am not going to bash the people out there doing it, however I think there are better ways to make money in a MLM type format.

BrendanDalley  Dec 5th, 2008
pplcheryl63: "5. Do you have a remarkable product for a good price? Cash Gifting does not qualify….EVER!" T..
Very well said. It just drives me insane to her people pitching cash gifting. Thank you for that response. I will be quoting you often.

helpfprmlm  Dec 4th, 2008
The truth is the concrete that builds a solid foundation which will support a dynamic team.

pplcheryl63  Dec 4th, 2008
"5. Do you have a remarkable product for a good price? Cash Gifting does not qualify….EVER!"

This has to be the oldest most worn out pyramid scheme around and people are still falling for it. They dress it up with a few ribbons and bows and then try to call it a legitimate opportunity and otherwise sane people will argue with you until the cows come home, grasp at straws in the US tax code anything to convince you that it is legitimate.

But when the scheme is revealed there is one winner and a bunch of losers. The one winner is the scammer who put the whole ball of wax together, that scammer distances himself from the opportunity taking whatever cash he can skim. The new people at the bottom have been scammed out of whatever money they put into it. The unsuspecting folks in the middle that were arguing so hard about the legality of the program are the real losers though. They may have made a few dollars but now they are being investigated by the FTC, the SEC and various state attorney generals, facing fines and jail time and that little check they got certainly isn't worth all of that

I don't care what opportunity you get into you must have a product or service that can be independently marketed to consumers outside of the program, consumers who will never become a part of your program. Otherwise it is ALWAYS a Pyramid or a Ponzi and there are no exceptions!


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