Tony's Tip of the Month! - MAY '11

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"Einee minee minee moe... Part 2"

As promised, this month’s tip continues from last month with “eenie meenie minee moe” in April’s tip. I've done my due diligence. I've researched company after company – their track record, compensation plan, cost to start and product. There are some that are better than others. I’m not endorsing any particular company over the others. Only you know what you’re looking for and what will suit your needs. So this begs the questions… what makes one better than the other?

Let me explain some of the benefits you should be looking for. Before you invest time, money, and effort, here are some things to look for:

  • Is it legal?

We’re all looking for some extra money or even some “not-so-extra” money. This can make us all extremely susceptible to Get-Rich-Quick money games, scams and the like. Even seasoned professionals are not always aware of some of the red flags. I’ve compiled some easy ways to spot a rip-off money game scam.

It May Be a Scam if…

  • You are required to send someone money and you can’t verify if the company is legitimate.
  • You have to pay with cash or money orders only.
  • The company does not accept credit cards or personal checks and you are not able to process (or cash) them.
  • The company does not pay commissions with a company or corporate check.
  • The company does not, or even intends to, send you a 1099 to report your income. This is very important! If they are flying under the radar, they jeopardize your earnings as well.
  • There is no company name, address and phone number that you can use to verify authenticity, and you can’t talk to a live person.

There are some of the most obvious signs to look for, but certainly not all! When all else fails, trust your gut.

The good news is that many scams are of the “flash in the pan” variety. They will ultimately crash and burn, hopefully without taking too many victims. You certainly do not want to become collateral damage.

Here are key questions to ask before you commit.

  • How long has the company been in business?

Sometimes, a start up company can be a good bet. We all like the idea of getting in on the ground floor; but it can also mean there is no proven track record. You might want to pass until you can be reassured that it’s here for the long haul.

  • What product will you be selling?

What’s most important is that the product is something you either believe in or can convince a client that you believe in it. If you can’t get behind it, for whatever reason, it’s going to be a tough sell.

  • How easy is the marketing system?

If you need an advanced degree to figure out the marketing plan or – worse yet – to try to explain it to prospects, maybe you should pass.

  • What’s the support system?

Who do you direct questions to? Are there simple and straightforward answers to your questions? Can you contact this person during reasonable times of the day?

  • The bottom line is simple – “SHOW ME THE MONEY!!”

How much money must you invest and how much will you make? How and when will you get paid?

We will discuss, in future tips, how to evaluate a pay plan.

Congratulations! Because you’ve read this monthly tip, you won’t have say “eenie, meenie, minee, moe” to decide which network marketing opportunities to work!

You’ve been introduced to many points to consider before tossing your hat into the ring.

With all this information in hand, guessing is not necessary. You don’t have to rely on happenstance. You can make an informed, intelligent decision that will only enhance your financial prospects.

And that’s what separates us from the children.

You may fool all of the people some of the time; you can even fool some of the people all of the time; but you can’t fool all of the people all of the time.” – Phineas Barnum

**To find out what Tony is working right now, CLICK HERE for info!**



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