Is This A Pyramid Scheme?

You know what? I almost bought some prime real estate in Egypt But it turned out to be a Pyramid Scheme!

If you happen to be in MLM or a Network Marketing Business, you’ll eventually get asked the question “Is this  a pyramid scheme?” How you handle it, if you do at all may decide the fate of this prospect. The type of person that asks this question, in my experience is either negative to begin with or is parroting something they heard or read someone else say and are Is This A Pyramid Scheme?simply ignorant to what they are even suggesting.

Want to shut them up quick?  When they ask you ,”Is this one of those pyramid schemes?”, You say without hesitation, “Why Yes! Yes it is! I wouldn’t be involved in it if it wasn’t”. Then give them your presentation URL and send them on their way. You’ll probably never hear from them again but that’s really what you want in this situation. Someone that starts off from a negative mindset will not last long in this business. And if they do sign up they are likely going to be very needy and will be looking for excuses to say it doesn’t work because they don’t have the same do what it takes mentality that an open minded, entrepreneurial mindset type person possesses.

It is unfortunate that most people don’t realize that the real Pyramid Scheme is the one they’ve been brainwashed into believing is the only way to make money and that is working a regular job for some big company. Do everyone have the chance, where you work, to become the CEO? Um … NO! One person has that position and he isn’t giving it up any time soon and he’s likely deciding on how much of a raise you get this year and most of these CEO’s and even department heads get bonuses for holding down raises to a minimum.

In Network Marketing or MLM everyone has the ability to be a CEO. To be successful though you must do what others in the business are doing to create success. It  may take you out of your comfort zone a bit but that is how you grow.

When talking to prospects pretend you are talking to a close family member or friend. Don’t pitch them or you will be automatically rejected. Ask them questions and let them answer. Draw them out. Find out their goals and dreams and then Simply direct them to your company presentation and follow up.

The main thing here is not to let objections throw you for a loop. My biggest mistake,  when I first started, was that I just didn’t know when to shut my pie hole and listen to my prospect. I blabbered on and on about my home business instead of listening and taking note of the persons reasons, their why,  for wanting to have their own business and addressing their concerns.

Do this and people will say no just to get rid of you. You must learn to relax and be passive and by doing so you are showing them that they don’t need to be a salesman. Guide them to an online business presentation or give a phone number for a live opportunity call or address for an online webinar that explains the business and they’ll start thinking, “Hey I can do that!”  The easier you can make it look, the more they will realize that this is not rocket science or having to pitch like a used car salesman.

I hope you Love Your Pyramid Scheme as Much as I Love $2.9 mill in commissions in only  3months… see how.

 

Incoming search terms:

If you enjoyed this post, make sure you subscribe to my RSS feed!

Related Posts

Tagged with: • • • • • • • • •

Filed under: Empower Network • Internet Marketing • Mindset • network marketing

Like this post? Subscribe to my RSS feed and get loads more!