MLM is a Pyramid Scheme?

 

 

I am going to take a moment today and dispel the mystical myth of the greatest network marketing objection of all time – “I don’t want to join your opportunity because it is a pyramid scheme.”
First, what is a pyramid scheme? Does anyone not in network marketing have a clue to what it is? After 2 years of being in this industry, I have learned that it is a blanket statement used to avoid any further discussion or investigation of the opportunity being presented, much like saying, “I can’t afford it.” Anyone who sees enough value in something will find the money. If I gave you keys to your favorite 2012 car, all tricked out, and said for $700 you can have this car out the door that next day I would have $700 from you.

First - Pyramid Schemes "The Fraud" (Investopedia)
The problem is that a pyramid scheme cannot go on forever because there are a finite number of people who can join the scheme (even if all the people in the world join). People are deceived into believing that by giving money they will make more money ("with an investment of just $100, you will receive $900 in return"). But no wealth has been created; no product has been sold; no investment has been made; and no service has been provided.”





"If you don't want a pyramid objection, don't draw a pyramid to describe your business.
So let's see: a pyramid scheme has no product and no service. Pretty easy to figure that one out, yes?
Okay, so now we can know that if a company has a product and you can share it with someone else and get a paycheck, you are good.

Let’s also understand that a pyramid scheme really is where you are now working when it relates to business. How about your family? Is it the shape of a pyramid? How about our churches? Boy and Girl scouts? All shaped like pyramids.

MLM is a Pyramid Scheme?

1. Corporate America – When I was ranking up at 24 Hour Fitness, my goal was to be CEO. At the time, it was more of a goal of ego I think. I made it District Manager before I resigned to open a gym of my own. But now looking back, it was a smart goal as the CEO is the top of the pyramid. No one makes more money that the CEO and they typically have the last word.

In Lifevantge, my MLM, I now make more money than my direct sponsor

 

 

2. How about Church? God is CEO there, then the pastor, etc
3. Boys and Girl Scouts, same concept

4. Any business, corporation, non-profit…all are pyramids. Now that we have a much better understanding, can we be open to an opportunity in the mlm arena?
If yes, I have one just for you; Lifevantage. Let’s remember the criteria to a pyramid scheme.

1. Must have a product – Lifevantage fashions the world’s only nrf2 activator. That means that Protandim turns on our body’s good antioxidants to support itself again.
2. Lifevantage pays us 6 different ways; weekly and monthly
3. Our service is teaching others how to earn money outside of their “Pyramid Scheme”

I hope this has helped to dispell some of the thoughts you may have had about network marketing. It truly is a business with the highest integrity. You pay yourself by how much you do. If you don't make money, it is becuase of you no one else. If you do make money, it is becuase of you and your team BELOW you not ABOVE you. In MLM we work for our team; when we help enough people get what they want, only then can we get what we want.

In a pyramid business scheme, we work for the man on top!

Making a difference around the world,
Patrick

p.s. if you enjoy writing, making extra money in your underwear, check out how I am getting paid right now with you reading this.