Monday, July 28, 2008

Free Network Marketing Training -- Can You Ever Retire from Your Network Marketing Business

I pray this day finds you prospering and in health even as your soul prospers.

In previous discussions, I pointed out how vitally important it is to read the contract before joining a network marketing company. This contract consists of the terms and conditions; the policies and procedures; and the compensation plan. I mentioned you should never join a company if the policies and procedures are not clearly visible on the company website. I also suggested you review you contract for clauses that can legally allow a company to terminate you. When you agree to the terms and conditions, you have no leg to stand on in a court of law when they decide to enforce the contract. If you are not making any money in the company (which most people never do), they probably won't. But, if you ever become a money earner, they can very well decide to terminate you, with or without cause. If you think they won't enforce them, think again.

In this article we will simply ask a question. Will you ever be able to retire from actively building your business?

Before we get to that, let me ask this? Do you intend to spend a few years building a solid business and then retire from it to enjoy the fruits of your labor? Or, do you intend to spend the remainder of your days constantly recruiting, recruiting, recruiting or selling, selling, selling? If you are a great recruiter or love selling and enjoy doing so, that may be your intent. But if you are like the majority of the population, who hates recruiting, who hates selling, I am sure that is not the case.

If the answer is yes to question one (do you ever plan on retiring from your business) do you know there is a clause in contracts that will prevent this from happening? Anytime you see ongoing sales, or ongoing recruiting, or mandatory autoship, or you must bring in new business each month or any similar clauses, the company is telling you you'll never be able to retire.

Okay, you don't see anything wrong with that. But, what if life gets in the way? What if, you or a family member has a medical challenge which prevents you from working your business. What if, like me, you are forced to relocate because the aftermath of a major hurricane destroys your entire city? Believe me, when I lost everything I owned in life because of Hurricane Katrina, ongoing sales and bringing in new business was the last thing on my mind. Companies do not care that life gets in the way. They will enforce those contracts. Again, if you are not earning any money, it is not a factor.

Here's another reason you may not be able to retire. If a company has wholesale and retail prices and you have retail customers who buy directly from you, you will never be able to quit or retire if you desire to continually earn that retail commission. I guess you think you can convert them to distributors but that would be out of the question since the difference in commission between wholesale and retail is so huge. In some cases, where you can earn $6.00 commission on retail, you earn less than $2.00 on wholesale. Of course, the company would love for you to do just that.

Anyway, if you're in it for the long haul, I hope this helps you in your quest to build your network marketing business.

Be empowered to prosper!

Irma White
A Mentor with a Servant's Heat

If this information was helpful, click here for more free network marketing training.

1 comment:

SuccessDiva said...

Hello Irma,

Great stuff! These are the things
people need to know before they get knee deep in trouble with companies. I'm sure many will benefit from this info.

Thanks for getting the word out,
Rena Williams