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SELECTED PRESS RELEASE:
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posted on:
6/1/2012 6:52:34 AM EST
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Read The Fine Print – Avoid Losing Your Network
Beware Success, Company Policy, Marketing tricks
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Have you read the Policies and Procedures of your Business Opportunity?
If you said no, then perhaps you should. It may save you heartache and money.
Why? Because there may be some fine print in there that enables your up-line or your company to kick you out for breaching “policy” leaving your up-line with the “income producing network” you built.
Think I’m kidding? Well be prepared for a reality check.
I recently read about a person who rapidly built their network and was at the top of the company’s compensation plan within 4 months. But here’s the “kicker” – they had not read the fine print.
Tucked away in the company’s Policy was this little gem. In essence the policy stated that a member of the business could not generate income from any other marketing or affiliate opportunity. And furthermore, this policy applied not only to the individual but anyone else living in the household. Breach of the policy could result in termination of membership and residual income.
In this case, the person was not involved in any other opportunity, but the fiancé who lived in the same house was. And guess what – just before receiving a $7,000 bonus the company terminated the person’s membership. Her up-line leader, who suddenly inherited the person’s entire network (and income), told her she was terminated because her fiancé was in another opportunity and that (although not married) they were considered to be the “same person” for the purposes of company policy because they shared a house.
Oh, and just to rub salt into the wound – this person had told both the up-line and company about this situation before they joined the opportunity – no mention of the policy when it came to signing up.
So learning points from the above:
* Always read the Policy before ticking you agree with it
* Get to know you up-line leaders well
* Stay away from any opportunity that does not allow you (or anyone in your household) to be in another opportunity – you are an “Independent Business Owner”, not an employee
* If you have not done so, go and check out the Policy of your current opportunity(s) now
The above may be an “extreme” example of what can happen, but the fact that it can happen at all is a concern (especially in terms of limiting your freedom to market products of your choice).
If you want to join an opportunity that doesn’t restrict you (or anyone in your household) from having complete freedom to join other programs, and actually allows you to market these other opportunities in their system, then you can check it out here. goo.gl/CcHHp
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BUSINESS OWNER COMMENTS:
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 | | Thanks to all for reading - like many of the comments here, I find it astounding that a business opportunity would try to restrict your ability to be an Independant Business Owner. These type of "restrictions" are basically trying to make you an employee - so check the fine print. |
| | |  | | There are several programs with that policy,and true not many people read the fine print |
| | |  | | Great blog Bruce. I always look at different opportunities and if there's too much of that fine print, I pass! This is one of the reasons there is such a high failure rate in Internet Marketing. These so called businesses start up and in a couple years they're gone. What is also gone are the dreams of its members. This is why when we tell people we're involved in MLM/Internet Marketing, it's like telling someone you have a contagious disease. A TL&B for you my friend. |
| | |  | | Bruce, bless you for pointing out the need to review these things. Everyone should review the sometimes awful rules before signing up! |
| | |  | | In this current economy there is no reason for requiring that a person (much less their household) to be exclusive to a single entity as an independent business person. It is important to understand the policies and procedures of a program. Some programs really do make for better long term opportunities than others. Thanks for reminding us that details are important, Bruce. |
| | |  | | Oh dear - yes, looks like fine print is important here. Never would have thought about this. Thanks for the info Bruce! |
| | |  | | Bruce, a good and interesting blog indeed. One I totally must recommand people to take the time and read.
Sig - TeamSig |
| | |  | | Thank you thank you for this post. I always tell people who I mentor to read their policies and procedures. It is your contract with the company and you must know what they can do and will do if they have to. It's sad that companies put such clauses in their P&Ps. In the case you shared today, I can imagine the person is devastated and has learned a valuable lesson from it. My advice to them--Don't quit! |
| | |  | | This is the preferred guide |
| | |  | | READ THE FINE PRINT!thanks. |
| | |  | | Excellent post Bruce.... I had the same experience and is the reason why I don't join mlm companies. Instead, I run my own business and have complete freedom over the products I market, without having to worry about being terminated for branching out my business.... Once again, Excellent Post ;-) |
| | |  | | Excellent advice. I have never heard any of these horror stories, but I'm sure they happen. Thanks for sharing. |
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