A Scam or a Pyramid Scheme?
Read what this billionaire said about Network Marketing and a Pyramid Scheme!
Remember: A scam or pyramid scheme is when a company/organization have others invest their hard-earned money into a group or "pool" with little to no return on investment. But Mintbuilder or Quicksilver are not a pyramid scheme because they're literally putting wealth into your hands each month! How? Let me explain...
The company pays you a commissions for simply selling silver and gold products while helping others do the same. This is perfect for individuals looking for extra income or starting their own business with minimal capital requirements.
The company pays you a commissions for simply selling silver and gold products while helping others do the same. This is perfect for individuals looking for extra income or starting their own business with minimal capital requirements.
The Federal Trade Commission
Here is a profound statement I made earlier that I need you to remember: “The company pays you commissions for simply selling silver and gold products”. The main goal of joining a Network Marketing company is to SELL THE PRODUCTS! This is how a company should make money. The compensation plan should be balanced whether you
You should be able to earn an income by doing one or the other OR both without restrictions. Is this just my opinion? Apparently not because the FTC (Federal Trade Commission) said the same thing within the lawsuit and settlement with Herbalife this year. Details of this settlement actually gives individuals the main clues on what to look for before joining any Network Marketing company. Here are some of the statements from the article and the links to read them in depth. |
"Ackman Dealt Blow as Herbalife Settles With FTC"
Herbalife, based in Los Angeles, sells protein shakes, snacks and other weight-management products through a network of distributors who also can sign up new recruits and get paid based on a portion of their sales. The settlement “forces the company to implement a major restructuring of its business operations,” FTC Chairwoman Edith Ramirez said. “We focused less on the [pyramid] label than on making sure [the FTC’s case] alleged what we considered to be the core problem with Herbalife’s business practices,” which the FTC called unfair and deceptive. The settlement requires Herbalife to reward actual retail sales instead of the recruitment of distributors.. Herbalife “does not offer participants a viable retail-based business opportunity” and instead encourages “the recruiting of additional participants who will fuel the enterprise by making wholesale purchases of product,” the FTC’s legal complaint said. The commission said the “overwhelming majority” of distributors make little or no money, with a “substantial percentage” losing money. http://www.wsj.com/articles/ackman-dealt-blow-as-herbalife-settles-with-ftc-1468623989 http://cdnus.melaleuca.com/email/PDF/Herbalife_FTC.pdf |
This is good for the industry as a whole. Why? Because it forces companies to create a true business model that gives individuals the ability to make money by SELLING PRODUCTS vs. taking money from them through a down line scheme. Right now, both companies has a great compensation plan for their Precious Metals Dealers AND the products are competitively priced to keep the business afloat.
A Win-Win
A scam is only interested in taking value from you instead of bringing value to you.
A scam is only interested in taking value from you instead of bringing value to you.
Let's suppose you joined Mintbuilder or Quicksilver for 12 months. During this time, you are saving in precious metals, trying to build a customer base and group of distributors to assist you, but you are not successful. Below is an illustration of what you would have had for 12 months with their company versus ours. Mintbuilder and Quicksilver has eliminated the loss rate with its products and at the same time, given you a business to build income.
Sadly, most people have the wrong mindset about the direct sale market by automatically declaring it as a "scam" vs. diligently researching the company(s) to see how it can benefit them.
There is an overwhelming disbelief that it's impossible to make money in Network Marketing because it requires "going against the norm" and "thinking outside of the box". They also have a tendency to believe that the only way to make "good money" is get a high-paying job and work 40 hours a week.
But as with any business venture, there has to be a level of consistency from its owner(s) in order to succeed. So the question you may have for me is: "Can I really make money with these companies?" The answer is "Yes", IF YOU put forth the effort to work it as your business and not your hobby. You are the only one in control of how much money you make in life. But what are you willing to do to make it?
If you are seriously interested in getting started, click the links below to take a tour of the company.
There is an overwhelming disbelief that it's impossible to make money in Network Marketing because it requires "going against the norm" and "thinking outside of the box". They also have a tendency to believe that the only way to make "good money" is get a high-paying job and work 40 hours a week.
But as with any business venture, there has to be a level of consistency from its owner(s) in order to succeed. So the question you may have for me is: "Can I really make money with these companies?" The answer is "Yes", IF YOU put forth the effort to work it as your business and not your hobby. You are the only one in control of how much money you make in life. But what are you willing to do to make it?
If you are seriously interested in getting started, click the links below to take a tour of the company.