Most people have no idea that when you begin to build a MLM business, you have chosen to agree to some company’s contract. You may not realize that, but it is true 100% of the time. Because you checked a box saying you read and agree to the Policies & Procedures. That step must be done in order to begin marketing any MLM product.
So the question is … did you actually read the Policies and Procedures? One of the things I have learned in my network marketing education journey is that the MLM Policies & Procedures is the legal contract between you and the network marketing company. Do you have a clue what you have agreed to? You might be surprised. Heck, you might be absolutely shocked.
What I teach people to do is search for the words “termination”, “on going” and “annual renewal fee”. It’s not that hard to do. If your MLM Policies & Procedures are in PDF form, then just do a search on those three words in your Adobe Reader program.
You are probably wondering why these words so critical. What does this mean to you?
Here is a common termination clause found in many companies…
- The Company at its sole discretion, may terminate any distributor at any time, with or without cause.
Everybody knows what termination means. I think it’s pretty clear by the terms “with or without cause” that the company is saying that they can end their relationship with you whenever they feel like it without giving a reason. Because they don’t like your hair color that day, or your shoes. Now, you might be thinking “they wouldn’t do that”; but if your policies and procedures say “with or without cause”, then yes they can.
Here’s a subtle and interesting one about your “ongoing” commitments…
- Regardless of level of achievement, you have an ongoing obligation to promote new sales to new customers and continue to service your existing customers
You know that customers are the lifeblood of our business and you should provide them with good customer service. At first glance, this policy may not sound too threatening; however once you look at it over the long term, what this clause is implying is that you can never retire from building your business because of the term “new customers”.
Most companies that have an annual renewal fee that they charge you to maintain your position in the compensation plan have this clause…
- This is a one year contract and must be renewed every year on the date of the anniversary
Because this is a one year contact, it is open ended. This gives the company the right to choose to renew or not renew your contact. If the company chooses not to renew your contract, you lose it all, and there’s nothing you can do about it! Image having spent hours of your life building your team and then the company decides not to renew your contract. Also, ask yourself who is keeping all that money from your renewal fees.
These are just a few of things I have learned to look for in my network marketing education journey. My journey started when I found a free – Success in 10 Steps. If you would like me to help you in the same way that Success in Ten Steps helped me, then just let me know.
Your power likes in taking action. Empower yourself and take action on something that inspired you here today.
Expect Success – Debi Talbert
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