Posts Tagged Pyramid Scheme

Is network marketing a viable business to build and live off of?  Of course it is and many people do.

I have made it very clear to my friends and family that I will quit my full-time corporate job at the end of October to go full-time with my network marketing business with Nikken. It turns out that they didn’t believe me and now that it gets closer they are starting to question me on it.

My father attacked my plans pretty aggressively calling network marketing a pyramid. I was surprised by this coming from him since I have been talking about my plans for a few months already. So, I had to answer the pyramid question again. First of all, Nikken doesn’t qualify legally as a pyramid because I don’t make a penny to recruit people. I only make money when product is sold. As far as the actual structure is concerned, a corporation like he works for and I currently work for is more of a pyramid than network marketing.  In the corporate world I cannot advance up the ladder unless there is an opening available.  In network marketing my rank advances solely on my efforts and doesn’t depend on openings above me. In another perspective, I am a business owner and therefore already at the very top of my company and Nikken is just my supplier.

A friend also called my plans into question. Again, I have been talking about this for a few months and for some reason he responded like this was brand new news. This friend started talking about the security of having a job and having good benefits.  As everyone knows, a job no longer equals security. Companies have been cutting benefits regularly over the past few years to deal with rising health care costs and recently cutting people to deal with the economy. This has been a boon for network marketing recruiters because some of these people who have lost their job are now joining network marketing companies in the hopes of never having to go through unemployment again. There is much more security in having your own business and taking control of your own financial future. He did get one thing right though. A job is very low risk and with low risk you can expect low returns.

I have learned that if you have plans to outgrow your current position then you either need to keep them to yourself or only share them with people who you know will support and encourage you. Another good idea is to increase the amount of time you spend with people who are already where you want to go. With that in mind, I bought plane tickets and made hotel reservations to spend another three days with Loral Langemeier and her team in Chicago for the next Cash Machine Workshop. If you have aspirations to take control of your own future then I would love to see you there. I will be one of the guys wearing a black “staff” shirt. I paid for the first Cash Machine Workshop I went to and it was worth every penny.

Wayne Woodworth
Don’t let other people’s expectations for you hold you back.

Tags: Business Marketing, Business Owner, Cash Machine Workshop, Corporate Job, Economy, Friends And Family, Full Time, Health Care Costs, Healthcare Costs, Ladder, Loral Langemeier, Marketing Network, Marketing Recruiters, Network Marketing, Network Marketing Business, Network Marketing Companies, Nikken, Perspective, Pyramid, Pyramid Scheme, Rising Health Care, Rising Health Care Costs, Security Companies, Unemployment, Viable Business