Here at “Mentoring for FREE” we talk a lot about the 5 pillars. I think there is a misconception about the meaning of some of the pillars so I wanted to briefly go over them.
1. Company Management experience with integrity.
Must be a leader in the industry and has been a distributor and has built a down-line. (CEO’s that have taken companies public mean pandering to stockholders not to distributors. – You will get screwed)
2. Timing in the company and timing in the industry.
This does not mean a start up. Most companies, who fail, do it within the first two years. You want to get in after they have proven themselves. If they go down, you go down with them.
3. Remarkable product line/ good products needed or wanted repeatedly.
Information is not a product. It should be consumable products that work, and that you would buy if there were no compensation plan attached.
4. Compensation Plan
Should be designed for the part-timer. (This is most of the people that will join your company) Should pay the most amount of money with the least amount of people. (To make $10,000 a month does it take 400 or 4000)
5. Proven system that duplicates.
There has to be a duplicatable system that has worked again and again that you can give those that join you .
If the company you are about to join doesn’t meet all 5 of these pillars, there’s a good chance that you are getting set up for failure.
Success in 10 Steps goes over this in more detail in chapter 9. You have to know what you are looking at when you are shown a business. These companies are very good at filling their policies and procedures with smoke and mirrors to keep you away from the parts that will screw you.
Take a look at your companies policies and procedures, is it 30 pages or is it 3. Chances are if it’s 30 pages there’s something BAD hidden in the legalese.
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