Category: MLM Resource

  • Ponzi Schemes Vs direct selling companies

    Ponzi Schemes Vs direct selling companies

    There are few things to keep in mind while differentiating between a ponzi scheme and a direct selling company. As per Wikipedia, the definition is given below. Rest in detail, you can read the points to understand more about ponzi schemes and direct selling companies.

    As per Wikipedia, A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Perpetuation of the high returns requires an ever-increasing flow of money from new investors to keep the scheme going.

    • In a Direct selling company, the distributor is given commission, when the services or the products taken by the distributor for personal use or when it is sold to others.
    • In a ponzi scheme, the earning to the network depends on recruitment of new people into the network.
    • In a genuine Direct selling company, the products or the services of the company are already established in the market place.
    • In a ponzi scheme, most of the times, the start-up cost to join is very low and the products or the services they offer are not recognized in the market place, basically they are cheap. It means, the person who is not connected to the company would not buy the product at the rate they are being sold.
    • In a genuine Direct Selling company, the entry to get started and the cost of starting to sell for a certain market for the first time is quite low.
    • In a genuine direct selling company,  the option to exit are always available.
    • In a ponzi scheme, they do not offer exit option.
    • In a direct selling company, a newly signed up person can earn even more than the person who had actually joined above and/or earlier than him.
    • In a ponzi scheme, the person who joined as an early bird makes more money than the person who joins after him.
    • In a direct selling company, the focus is on sales of products/services and therefore they emphasize on good amount of product training.
    • In a ponzi scheme, the focus is on meetings and recruiting of new participants into the system..
    • In a direct selling company, the business model is based on selling of the products/services to the right consumer and rewarding the people, who top the list.
    • In most ponzi Scheme, there are no functions, and no real trading occurs. The cash from new members is distributed among the ones, who started earlier. To make it simple, its rotation of money and nothing else. Currently, most ponzi schemes are involved with collection and distribution of money from external sources like Foreign exchange trading,  Stock exchange, Surveys, Blogging, Time shares, Emu farming, Goat farming, buying gold or land, etc.
    • In a direct selling company, the compensation plan which pay (from the margin assigned per product for distribution to the network) their distributors on the basis of products or services sold, not on recruiting.
    • In a ponzi scheme, the money taken from people against guarantee of a high returns in the future. Their business plan is unsustainable, considering that it assures returns which fully rely on getting financial investments from new members.
  • 7 tips on creating your own marketing material

    7 tips on creating your own marketing material

    7 tips on creating your own marketing material

    Don’t think small

    The first thing is to not think of yourself as a ‘small’ business or you will market yourself as ‘small’ business. If you define yourself as small then you will represent yourself as small & ultimately be perceived as small. It is about projecting the image that you want people to have of your business & cultivating a vision.

    Also; small is just a question of perspective &, to prove it, let’s look at some statistics: The 2.7 million ‘small’ businesses that currently operate in Australia pay 60% of the nation’s work force & make up 30% of Australia’s GDP (gross domestic product). Small businesses are BIG business!

     

    Try different mediums & go with what works

    Today’s busy media world presents lots of opportunities to get your message out there. It’s definitely wise to take a ‘360 degree approach’ to your marketing – try everything you can & then disregard what isn’t working & focus your efforts on what is.

    There is no such thing as a ‘bad medium.’ Some mediums will be more appropriate to you than others in reaching out to your target audience – don’t make too many assumptions but judge the results instead.

    You may want to use different mediums together as part of an overall strategy. Some mediums may be great for building brand awareness & others better for making sales. For example; social media is great for reaching out to large audiences but not so good at making intimate, human connections. It may be that you may generate a great deal of brand awareness through social media but make more actual sales with referrals via business cards.

    Try it, measure it, pursue it.

    Learn the conventions

    The trouble with creating your own marketing material is that we are not all graphic designers. There are, however plenty of things that you can learn by just looking around at some of the conventions used in the media that we are surrounded by. Here are some examples:

    – Layouts. (This is how the elements are composed on a screen or a page.) Look at some layout conventions used in adverts that you may like & may be appropriate to your business.

    – Text: There are generally 3 types of a text in an advert; headline, sub headline & body copy. The headline should be very brief & feature your business ‘key-words’ (consider it in SEO terms). The sub headline will be smaller in text size & will elaborate on & clarify the headline. The body copy is the smaller text that the main body of text is written in. Look at the conventions employed, considering the column widths & the text size etc.

    All 3 of these text types use different font styles. Often the same font style will be used with different derivatives for each purpose (this is called a font family). Look at fonts you like & are appropriate to your market. You will find that there are fonts that are designed for headline use & others for body copy use &, when used correctly, these can look great (& terrible if used incorrectly).

    Execution: When creating graphics for web use, they will need optimizing for this purpose & saved at 72 dpi. Print graphics need to be high-resolution (300 dpi) & the paper you use can really affect the end product. You’ll be amazed at the great results you can achieve with high-res graphics, a decent home printer & good quality (90gsm) paper – plus you can print what you want, when you want & even print stickers by using adhesive paper.

    Use emotive imagery that tells a story

    We all know the one about a ‘picture is worth a thousand words’. It’s true – & never more so than in today’s fast paced media landscape. Your marketing message needs to be clearly conveyed as quickly as possible & images really help to achieve this.

    Interestingly, research shows that women respond to imagery in advertising much more than men.  Women engage better with human faces & emotive images that have a narrative appeal.

    Are your customers women or men? Well, research also shows us that, regardless of product, over 80% of ALL consumer purchase decisions are being made by women. This not only tells us that women are a hugely important market, it also tells us that they are buying on behalf of others, & so by understanding how to market your products to women you are also capturing men & children by focusing on the decision maker.

    Be smart with your budget
    All businesses, large & small, have a marketing budget & the real trick is to be as wise as possible with this budget. For example; if you are spending all of your money on one large billboard in one spot then you may get a high-penetration rate with the people that are seeing it daily but you will be limiting your audience as it is not mobile. On a smaller scale; if you are spending your entire budget on a glossy brochure then, again, you will be limiting your potential audience to those that can borrow your glossy brochure.

    In order to give your business the maximum exposure you need promotional material available in volume. You want maximum quantities with a minimum unit cost, so creating your own is perfect for this.

    Consistency, consistency, consistency

    The most damage you can do to your business image is to be inconsistent with it. This is so detrimental to your credibility & so often comes about because people say; ‘right I’ll get business cards done first & then some flyers later, when I have some money to reinvest’. Later never comes in this scenario &, if it does, then the flyers are either sourced from elsewhere or created differently & simply make the business look small & unprofessional.

    Start as you mean to go on with a consistent, professional image throughout your entire marketing inventory – on day one. Also, remember that marketing your business is not a ‘nice to have’. It is essential. Being in business without marketing is like being in the water without paddling. When asked what he would spend his last dollar on, Bill Gates famously replied “I’d spend it on marketing.”

    …& MOST IMPORTANTLY!

    The most important thing about creating your own business marketing material is…. TO USE IT! Amelia Earheart said “The most effective way to do it, is to do it.” Taking action is the crucial ingredient to success. Planning, thought, consideration are all valuable activities but without action nothing will ever happen.

    Your business begins with THOUGHTS, these lead to FEELINGS & when you carry those feelings in to ACTION, you get RESULTS. (T+F+A=R.)

    If you are ‘waiting for the right time’ to start marketing your business then it’s today. Take control of your business promotional activity right now & start creating your own marketing material now.

     

    Aarron Dann is the Director and Co-founder of www.homebusinessprint.com A webiste that empowers small business owners to take control of their marketing with professionally designed templates, which can be edited, downloaded & printed in minutes.If you liked this article, you can get more great tips & advice at: www.homebusinessprint.com/blog

  • Top MLM Companies of Network Marketing in India

    Top MLM Companies of Network Marketing in India

    Currently at least 10000 Companies of MLM are operating in India. Their business revenues is more than 3500 Crores fiscal year 2009-2010, based on the Indian Direct Selling Association, IDSA. IDSA is an association put together by some top MLM companies in India relating to the core concerns associated towards this business and future consumers within the industry.

    IDSA Members list: Indian Direct Selling Association.

     

    List of Popular MLM Companies India

     If you think we have missed some Top MLM Company in India, then mention in the comment section.

  • A UNIQUE Payment Solution for all Payouts For MLM Companies

    A UNIQUE Payment Solution for all Payouts For MLM Companies

    A UNIQUE Payment Solution for all Payouts For MLM Companies

    Compiled by Pankaj L Shah

     

    Worried about Multiple Payment Cycles and timely disbursements?

    Worried about rising Processing and Disbursement Cost?

    Hassled by Payment through Cheque / DD / ECS?

     

    The SOLUTION!!

    ABC is a Company dedicated to offering payment solutions and prepaid cards in various categories like Payroll, Gift, Student and day to day payment requirements.

    The ABC – Alternate Channel was solely established to bridge the gap between the Bank & NM Companies considering the needs of the Networkers by researching, analyzing and providing effective viable solutions.

    ABC Company is a wholly owned subsidiary of Pheidon Capital Management Ltd. an organization with an asset base of Rs 650 Crores.

    ABC GPR Card

    ABC GPR Card is a low-cost payment instrument exclusively designed for Companies who have large number of Channel Partners and multiple Payment cycles. ABC Card assists these Companies to disburse periodic Commissions & Incentives in Safe and Convenient way.  

     

    Benefits to NM Companies

    • Reloadable Multi-use Prepaid Card which can be used at all VISA Merchant outlets, ATMS & for Online Purchases

    • More convenient mode of Payment

    • Reduces cost & processing time of  disbursement of Incentive to Members

    • Reduces Manpower requirements

    • Can load any amount up to Rs 50,000

    • Opportunity to enhance the Company’s Brand using co-branded Cards

    • Robust IT & BPO Support through parent Company’s infrastructure

    • Micro-level hand holding through Industry stalwarts, providing effective and viable solutions, viz. regular update of mobile number  thru SMS or Data exchange

    • Opportunity to start a closed loop Loyalty Program, thus creating an additional Revenue stream for the Company

    • Complimentary participation in ABC’s Rewards and other Loyalty programs enhancing the face value of the Card. ABC  strives to continuously upgrade / add such programs

    • Easy reconciliation thru  online MIS

    • Option to hotlist the Card if lost or stolen, decreasing Company’s liability


    Benefits to NM Members

    • Easy to use Multipurpose Prepaid Card

    • Immediate access to Incentive anytime, anywhere not dependant on Banks or Banking hours

    • Wide acceptance at all VISA Merchant outlets, ATMS & for Online Purchases

    • Minimum uploading of Rs 100

    • Daily withdrawal limit of  Rs  50,000 with

    • More secure than Cheque / DD

    • No need for a Bank Account

    • SMS & email alerts for Card load, reload and transactions

    • Can self Reload thru Net banking or by depositing Cash at the nearest branch

    • Complimentary participation in ABC’s Rewards and other Loyalty programs enhancing the face value of the Card. ABC strives to continuously upgrade / add such programs

    • Robust IT & BPO Support through parent Company’s infrastructure 24 x 7 Contact Centre

    • View Card Balance, transaction history; change ATM PIN through Card holder Portal.

    • Option to hotlist the Card if lost or stolen


    Parameters

    Prepaid Card

    Cheque

    DD

    ECS

    Cost

    Nominal Issuance and Reload fees

    Printing and Bundling Charges

    Printing  and Bundling Charges + Bank Charges

    Charges applicable as per Bank

    Processing time

    Instant  confirmation on load of amount

    Time Consuming task of Printing the Cheque  against each Name

    DD can be prepared only by Bank and printing DD’s can take  time depending on no of DD’s

    Transfer to be made against each name

    Member

    Instant Cash through ATM’s

    En-cashing takes 2-3 days

    En-cashing takes 1-2 days

    Transfer takes 1-2 days depending on bank

    Not necessary to have a Bank account

    Bank account required

    Bank account required

    Bank account required

    Loyalty Program on card usage

    N  A

    N A

    N A

    NM company

    No manual work ,Bulk upload

    High amount of manual work involved

    High amount of manual work involved

    Individual transaction consumes too much time

    No Courier Charges

    Courier charges applicable

    Courier charges applicable

    NA

    Easy to upload Commissions , Online reconciliation reports available

    Manually reconciliation against each Cheque

    Manually reconciliation against each DD

    Have to download day to day transaction and do reconciliation

    Safety

    Amount directly loaded on Card

    Chance of misplace, tear, damage

    Chance of misplace, tear, damage

    NA

     

    Conclusion: 

    The Author agrees that the Solution provided is “Old Wine in a New Bottle” but also emphasizes that the Solution has become more Mature providing New / Additional features which hitherto where not available.

    The Author can be contacted at

    [email protected]

    [email protected]

    Its a sponsored Article.

     

  • Future of MLM in India

    Future of MLM in India

  • Don’t Invest in Forex Trading: RBI Warned

    MLM News: If you are thinking of investing your hard earned in Forex then please have look at the notification by RBI. In this press release RBI has actually warned individuals that are involved in Overseas and also residential Forex Investing. RBI has actually explained that under Foreign Exchange Management Act(FEMA),1999 do not permit locals of India to trade in Forex in domestic/overseas markets.

    If any person ask you to trade in Foreign exchange, show them this notice. (more…)

  • Why You Should Work Smart Not Hard in MLM

    If you are seeking effective MLM systems but have actually not located one that helps you yet, you need to read on. You see, the traditional “traditional” method of running a network marketing company might have worked years ago, however it may not be as efficient today. There are lots of mediums that you could make the most of and for this reason increase your efficiency. By the end of this post I hope you will certainly have a better understanding of just what I am talking about right here. (more…)

  • 3 Books Every Network Marketer Should Read

    3 Books Every Network Marketer Should Read

    Knowledge is undoubtedly power, especially in network marketing. Those who are quite intellectual can devise ways to get what they want. That is one advantage of having a vast knowledge of how the world works, especially how the business world clicks. With great depth on this kind of knowledge, people can do anything they want whilst earning money. (more…)

  • Are You Thinking To Join An MLM/Network Marketing Program? See this

    Network Marketing Program

    Joining an mlm show is a fantastic thing for those who recognize just what they are doing. There is no automated results in anything in life, as well as MLM is no allowance. No one has definitely learnt a magic computer program that may systematically develop your checklist, get you multi level marketing customers and offer you outrageous profits. If there were such a program, your company would already have it as well as they wouldn’t need you. When you Google the key phrase “home based business program” you might obtain a ton of flashy results in red advising you relating to life-changing opportunities. Right here is the cool, hard truth: mlm is a business like another. You may have to invest a whole lot of time and also effort to turn into successful. In short, your success or failing may depend completely on how well you organize as well as implement your marketing. (more…)