Is it true networking business is good?

[e_migz]

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network marketing or simply "networking" is just a system... It's the company who takes advantage of it...

[anrose]

Any business basta molihok lang jud ka ug maka ginansya sa imo baligya, "GOOD BUSINESS" jud na. Tanan klase business basta ma mis handle nimo, MAPORDOY jud ka. Ayaw jud tuo kon naay moingon nimo nga magnegosyo ka din mokita ra ka bisan dili ka molihok, ILAD JUD NA. BEWARE of HYPE network marketers. By the way I am also in network marketing, OFFLINE & ONLINE and me and my brother EARNED A LOT. Take note: PRODUCT should be the CORE of Networking business, secondary nalang na ang marketing plan. Unsa may i market kon walay product? The Product should be CONSUMABLE para segurado ang repeat orders.

[wealthyhead]

Any business basta molihok lang jud ka ug maka ginansya sa imo baligya, "GOOD BUSINESS" jud na.

I don't think so. Good Business is more than just profits.
A Good Business should have products or services that answers the NEED of people.

[lorenzoleo]

Good business will matters most on the Leadership and management of the Owner, not soley for profits.

[darkdruid]

Good business will matters most on the Leadership and management of the Owner, not soley for profits.

yep... leadership, and management of owner does matter if speaking of business... BUT network marketing schemes are never a good business like they claim they are. plus its never your business at the first place.

[anrose]

Good business will matters most on the Leadership and management of the Owner, not soley for profits.

Of course, importante sad jud nang leadership. Mao bitaw uban company dali ra mawagtang kay dili maayo ang mga leaders, maihap lang ang nag seryoso. 2nd, basta i abuse pod ang system or ang maayo nga systema usbon sa mga leaders for their own good. wala nila hunahunaa ang bag-o pa nga mga members.

[wealthyhead]

There are only three reasons why anyone stays with a binary compensation plan…

1. They don’t have a clue — and don’t question anything. Not a promising prospect as a potential sponsor for you!
2. They know exactly what’s going on and plan to profit at YOUR expense — and the expense of their other downline drones (that’s how they see you). Not the most attractive quality in a prospective business associate either, true?
3. They’re already upline heavy hitters who are profiting at YOUR expense!

[wealthyhead]

a good read for reference..


The ugly truth about Binary plans

Most “hot, new trends” in MLM compensation plans are nothing more than tweaked-up reincarnations — fancy new names with dazzling new packaging — of tired, discredited old barker’s eggs that companies trot out for another spin because they earn so much hidden, windfall profit from them.
Binary compensation plans are just re-hashed attempts to breathe fresh life into the notoriously-flawed 2 x 12 automatrix plans of the 1980s and early 1990s.
The 2 x 12 automatrix (or forced matrix) was the most unstable of all matrix systems. They were notorious for collapsing and taking thousands of people’s money with them.
So why do companies keep resurrecting and re-inventing them?

One simple, HUGE reason:
MASSIVE BREAKAGE


Breakage is bonus income that distributors (especially part-timers) fail to qualify for because of punitive group volume and downline rank requirements in most compensation plans. So it rolls right past them on its way upline. It’s the secret that network marketing companies never want to talk about, because it’s one of their biggest sources of hidden profits… at your expense!
Click the link below for a Special Report on Breakage and how MLM companies use it to fleece their networks — especially their part-time distributors, who make up 90% of all networkers!

Why BREAKAGE is your #1 threat in network marketing

No other compensation plan comes close to a BINARY plan for creating massive breakage that rolls up to the heavy hitters and the company.
In a typical binary plan, you only earn bonuses (usually at pitiful percentages, too) on the volume of your poorer leg. Your richer leg is untouchable by you. And then all that untouchable volume “flushes” every month in most binary plans.
Even that word — “flushes” — is deceptive. It creates a mental image of going downhill, with the force of gravity… it goes “down the drain”. But what really happens? The unpaid bonus income does anything but “flush”. It zooms straight upline to the handful of heavy hitters at the top of the organisation, and to the company’s coffers. If there’s anything “flush” about it, it’s the fact that their bank accounts are “flush” with money YOU couldn’t get hold of, despite YOU earning it for them!
Smart distributors do all they can to maintain as fine a balance in their legs as possible, so that they can maximise their income.
The problem is that you need to sleep at some time… and most companies operate globally. Spillover from upline can very quickly throw your delicately balanced volume right out the window. So you go to bed happy with your group balance, only to wake up to find that your upline has piled new people into your stronger leg — which pays you zilch!
Of course, you can usually buy more than one “business centre” (read “front-end loading”, which is a classic feature of illegal pyramid selling schemes), which lets you create more legs. But now you’re just juggling more balls in the air in the vain hope that you can outguess and outgun your upline as they pile more and more spillovers into the wrong leg.
The ONLY people benefiting from all this frenzied juggling are your upline heavy hitters and the company.
It’s a well-known fact amongst savvy network marketers that true income growth comes from width. As Tom “Big Al” Schreiter says, “if you want more milk, get more cows!”
He’s right. Payout on depth will always be limited because product prices are limited. The company can only pay out so much from the wholesale price of its products. So the only way you can earn BIG money from depth is by robbing your downline! (That’s where breakage comes in.)
A company simply sets unreachably high group volume qualifications so that the majority of distributors fail to qualify. Too easy… the money rolls right up to the top of the tree and to the company!
So if you want to REALLY rip off the part-timers, you just

• limit their ability to build WIDE and
• force them to build DEEP!

So you invent a plan which allows them only two legs wide… but then pay them on only ONE of those legs — and the weaker leg at that!

[darkdruid]

network marketing business has been designed to fail. but those who stick up to sales, will always remain.

---it has been true before until the present. its not to be questioned.

[lorenzoleo]

http://pinoy-business.com/content/view/13/90/ <- Tips on how to choose a legit and real MLM business
http://pinoy-business.com/content/view/320/90/ <- Beware of Ponzi schemes.