If you have been in network marketing for any length of time or perhaps you have only just got started. You may have or may experience what it is like when someone says to you ‘Is this one of those Pyramid Schemes?’ There is no doubting that this can be one of those make or break situations if you are not prepared. And it is important that you too understand what is or isn’t a pyramid schemes so that you can handle yourself in these situations.
But what I also want to cover today, is how to avoid these situations entirely. You see experienced network marketers hardly ever get asked this question and that is because they conduct themselves in a different way. It doesn’t mean they will never experience it again, but if they do, they will know just what to say.
But first let’s think about why networking marketing and MLM companies often get confused with highly illegal and unethical pyramid schemes. It also doesn’t help that popular culture and the mass media often depicts the network marketing industry in a seemingly unattractive, stupid past-time for people who think they are the next Donald Trump.
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Let’s look at some of the distinct differences.
I hope the table above gives some general signs of what to look out for. This is not an exclusive list and obviously in a fast based, digital online world, it is important that whenever we look to join any opportunity we take time to look at the opportunity in great detail. Pyramid Schemes pop up all over the place all the time, and whilst they are usually ratted out within the first 12 months of existence, they are undoubtedly going to get more and more sophisticated.
Anyway…back to the point of this post.
What should we do when we are hear those fateful words ‘is it one of those Pyramid Schemes?.’…
You can respond by asking them a question in return:
a.) What do you mean exactly…what is your idea of a pyramid scheme?
b) Who earns most of the money in your company?
c) What’s the shape of the organization you are in?
d.) How many people in your company can earn more than your boss/CEO?
Avoiding Pyramid Petes all together
If you ask an experienced network marketer how many times they bumped in to Pyramid Pete in the last 12 months, they would be able to count them on one hand. That isn’t because they are better than you or that they have some Pyramid Pete detector on their forehead. It’s because they are:
1.) Networking with leaders, business men and women and people already accustomed to the industry.
2.) They have a confidence and professionalism about them that attracts professionals and serious business minded people.
I am not saying you should not recruit your friends and family in the beginning, but they are the ones who are going to be the ones more likely to ask you about Pyramid Schemes so just be prepared. When you are making money and are confident in your business of course the people you want to benefit and also enjoy financial freedom are your loved ones so again, I will say it, be prepared.
I thought the best way to illustrate my point would be to share one of the best pyramid objection videos I have ever seen. It is one of my favourites and has me in stitches every time.
Leave you comments below, I would love to know how you manage pyramid scheme or any type of objections when marketing your network marketing business.
To Your Success,
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