{"id":1258,"date":"2017-05-29T19:00:24","date_gmt":"2017-05-29T19:00:24","guid":{"rendered":"https:\/\/www.fatrank.com\/?p=1258"},"modified":"2022-01-19T08:01:26","modified_gmt":"2022-01-19T08:01:26","slug":"real-entrepreneurs-stay-clear-of-multi-level-marketing","status":"publish","type":"post","link":"https:\/\/www.fatrank.com\/real-entrepreneurs-stay-clear-of-multi-level-marketing\/","title":{"rendered":"Real Entrepreneurs Stay Clear of Multi-Level Marketing"},"content":{"rendered":"

The Real Entrepreneurs<\/a> Stay Clear of Multi-Level Marketing because they have morals and work ethics.<\/p>\n

In life to be a successful entrepreneur, you have to earn hard-earned money with honest, trust and integrity<\/a>.<\/p>\n

Earning money by conning the weak and selling them a dream of passive income through a course is a classic MLM method.<\/p>\n

You may be asking ‘Is MLM Entrepreneurship?’ and we are going to go into detail on this.<\/p>\n

What is\u00a0Multi-Level Marketing?<\/h2>\n

Multi-level marketing is a strategy that some direct sales companies use to encourage their existing distributors to recruit new distributors by paying the existing distributors a percentage of their recruits’ sales.<\/p>\n

The recruits are known as a distributor’s “downline.” All distributors also make money through direct sales of products to customers.<\/p>\n

Wikipedia explains it as\u00a0Multi-level marketing<\/b> (MLM<\/b>), also called pyramid selling<\/b>,\u00a0network marketing,<\/b>\u00a0and referral marketing. <\/b><\/p>\n

It\u00a0is a controversial marketing strategy where revenue by a non-salaried workforce is derived from a pyramid-shaped commission system via two potential revenue streams according to the MLM’s specific “compensation plan”: from commissions on sales directly to their own retail customers, and from commissions based on sales by other distributors below them.<\/p>\n

Network marketing, or MLM, is a legitimate business strategy, though it is controversial. There are problems with a pyramid scheme, which uses money from new recruits to pay the people at the top.<\/p>\n

They often take advantage of people by pretending to engage in a legitimate network marketing business. You can often spot pyramid schemes by their greater focus on recruitment than on product sales.<\/p>\n

So, why does a real entrepreneur avoid MLM?<\/p>\n

The Contrepreneur Formula<\/h2>\n

The term contrepreneur is a phrase started by Mike Winnet.<\/p>\n

Mike Winnet’s guide to how he became a #1 Amazon Best Seller with a Blank book which he wrote is a classic example of him following The Contrepreneur Formula.<\/p>\n

They all use the same method and Mike Winnet calls this all the contrepreneur formula.<\/p>\n

    \n
  • The same language.<\/li>\n
  • Similar backstories.<\/li>\n
  • The same bullshit sales tactics.<\/li>\n<\/ul>\n

    This video Mike created shows the same methods used on multiple MLM sales events.<\/p>\n