Tuesday, August 5, 2008

The 10/90 Rule -- The YTB Story

In a previous article, I explained the 10/90 rule as "the first 10 percent of time that you invest in finding out the underlying laws, principles, rules, methods, and techniques of successful action in any field will save you 90 percent of the time and effort required to achieve your goals in that area."

Well, I just read a press release by the Attorney General of the State of California. It exposed a "gigantic pyramid scheme" by a very well known network marketing company -- YTB. This is what can happen when the 10/90 rule is violated. Michael Dlouhy of Mentoring for Free and Rod Cook of the MLM Watchdog and many others who have done their due diligence and invested the time learning the industry saw this coming and have been warning about this for years.

If you have not invested the time to find out the underlying laws, principles, rules, methods and techniques of successful action in network marketing, this may very well be the perfect time to do so. Get started here.

Be empowered to prosper!

Irma White
A Mentor with a Servant's Heart

3 comments:

Henrietta TheMentoringMom said...

Irma youre right on top of the latest information. This is a great blog you have going. Thanks!
Henrietta Hakes
TheMentoringMom

Paula said...

Thanks for posting this Irma. I know a lot of people in this business and I even signed up for it -- but have cancelled my monthly fee. In fact, I called and sent an e-mail a couple of months ago to cancel the monthly membership and it never happened. So I have had to go an alterate

It is (was) a good deal for people who actually travel a lot. The FAM trips are incredible. AND I personally know some people who are making LOTS of money from it. BUT, the key was to get in early(when everyone was skeptical)and of course, to recruit like crazy. The other big money opportunity is on booking cruises. Of course that's "down the road" versus immediate money. Thanks again for posting this. Interestingly enough I haven't received any
e-mails yet from YTB about it. Guess everyone is headed to "convention."

Ms Irma said...

Thanks, Paula,

You said two crucial things: 1) You had to get in early and 2) you had to recruit like crazy. This is how to know if something is a scam. With a legitimate company, it doesn't matter when you join because everyone will have the same opportunity to earn money based on his/her efforts. You don't have to get in early. Also, like we teach with mentoring for free, if your business stops when the recruiting stops it is a scam.

Another problem with YTB and many other companies is this: if you make you biggest commission from the recruiting side of the business -- scam, scam, scam. That is how most YTB reps make their money. Very few make money from booking cruises.

I hope this sheds more light on the subject.