You are currently browsing the monthly archive for August 2009.
Or I should say look who’s #18. Inc Magazine recently published their “Top 500 fasted growing company” list. You can view the entire list here. There is a Network Marketing company in the top 20 of this prestigious list. Can you guess which one? Hint: It’s number in the food and beverage category.
MonaVie! Congrads to MonaVie teams.
Some other honorable mentions:
Send Out Cards at 158
5Links at 274
I could find no other network marketing companies in the Top 500. Of course I only browsed the list which requires that I know of the company (there are no flags that say “this is a network marketing company”). Hardly very scientific – there may very well be other network marketing companies hiding in there that I don’t know about. Check it out and let me know if you spot any others.
But that aside, it’s good to see some growth among network marketing companies. This list is based entirely on business growth and any business that is growing these days deserves some recognition. Most of the more established, well known network marketing companies did not make the list. You won’t find Amway, Herbalife, Avon, Arbonne, USANA, Melaleuca, Forever Living and most of the top are missing from this list.
Does that mean these more established aren’t doing as well as they should be? No, that is not what that means. Well established that are not on this list simply because they are not experiencing the kind of exponential growth that a newer growing company might experience. This list is also restricted to privately held companies. A lot of the more established network marketing companies (like the many of the ones mentioned above) have gone public. Check it out!
Summer is nearly over. Are those sighs I hear? Well it’s true. Labor Day is only a little more than a week away and that seems to be the unofficial end of summer. Ok so it’s time get back to work. Know what else is new?
8/31/09 marks the end of the line for free for all Voice Broadcasting. Voice Broadcasting is a system that lets you blast a short message out of as many folks as you want (and can afford since they charge by the minute). You have probably been the recipient of one of these calls. On 9/1/09, the rules change thanks to the FTC.
Gov’t addresses robocall annoyance with new ban
Starting 9/1 Voice Broadcasters will no longer be able to blanket ‘blast’ messages out to leads unless you have their express permission. It will become a lot like email; where they recipient must “opt in” to receive any Voice Broadcasts. Certain things are exempted like fundraisers and surveys. This is mainly aimed at people trying to sell something via this method.
I was using Voice Broadcasting earlier on, but began to wind that practice down when this ruling was announced last year. Frankly there are better ways to reach people than blasting messages onto their phone. It’s sort of like throwing things against the wall to see what sticks.
If you are involved in this practice for network marketing leads, you may want to wind it down before 9/1/09.
I was speaking with someone the other day about joining my network marketing business. As the conversation often does, it turned to questions about my success as in “how much do you make from this?”. I always refuse to answer that question directly for two reasons. 1) income claims are frowned upon and 2) my income varies from month to month. The way I answer that question is to say “I make a full time living from it” – which is a true statement.
He was one of those people who believes the 97/3 theory. That theory says that 97% of people to attempt a network marketing business fail at it, while only 3% actually succeed. I don’t really believe that statistic, but this person said “Oh you must be one of the lucky few who make money from this business”.
I assured him that luck had little or perhaps nothing to do with my success and bid him farewell. This turned out to be someone who didn’t really sound like he was ready for a home based business so I moved on. But I got to thinking about the luck thing later.
Imagine that? Some people think that you have to be “lucky” to be successful in network marketing! Oh, I guess there is potential luck involved. It would be ‘lucky’ if I happened to get a lead and signed up a person who turned out to be one of those ’super earners’. You know, one of those people who ends up building a team of 50,000 with me as the upline. That hasn’t happened yet but yet I still make a good income from network marketing. Perhaps it will happen and yes that would be lucky for me.
But an individual’s success in network marketing does not depend on ‘luck’ in the same manner as it does in ‘luck driven’ things like the lottery. In the lottery, your odds are in the 100 millions of winning and it depends almost entirely on luck – not just luck but ‘extreme luck’.
Network marketing on the other hand depends on persistence, attitude, perseverance, and many other attribute factors. And yes, a stroke of luck will help but you don’t have to depend on it.
Well this isn’t about Network Marketing directly, but it shows how low corporations have sunk into ‘procedures’ and why you can’t stand up for what you believe in with a J O B. A man came in to rob a Seattle branch of Key Bank. The Teller (Jim Nicholson) not only confronted the criminal but chased him to the ground. Prevented a robbery. What does Key Bank do? Fire him for not following standard operating procedures. The procedures call for just handing over the money. Full story linked below.
I think the worst that should have happened here, considering the procedure issue, was maybe to write him up or something but to fire him? This is like sending a message out to all would-be bank robbers: Come rob Key Bank! We’re easy to rob! Shame on you Key Bank for enabling crime with this message.
And the spokesperson for Key Bank, Anne Foster refused to comment. Hmm. I feel bad for this guy, but it is a reminder that when you work for a corporation, you cannot be yourself for at least 40 hours per week. This is a reminder to me why I quit corporate America.
