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I came across this blog in a business social networking site and it is being reproduced here to give you an insight into your EZ Wealth Solution business.
Blog Heading:
"What do you think about the GPT businesses vs. traditional mlm opportunities???"
• Posted by Monica R on May 13, 2008 at 11:07pm
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I happened to come accross a post on another site that was talking about GPT (get paid today), 'high end' opportunities that usually have a start-up cost of at least $1,500 and up. There were a lot of interesting (and true) points that were brought up (even though I am a fan of businesses that the masses can afford to begin). The author was saying that he believed that these business were far superior to the traditional mlm's, that have a lower start up cost, and tend to attract people who aren't as serious as those who would join a GPT type business. He said that we put in the same amount of time with both businesses, but yield a far greater financial reward from the GPT. Also, he points out that we have overrated residual income. He pointed out that it is far better to get $100,000 right away this year versus have it spread out over the next couple of years (as residual income). He also points out that many of these people that we're getting a couple of bucks off of each month, will most likely drop off any way, so why not get a one time, up-front payment of say $1,000 for recruiting each person! Another interesting point that he made was that with the GPT business, you usually pay a one time lump sum of at least $1,500, but, with the regular mlm, by the time you factor in the monthly product or service cost (usually $50-$200), you've still paid out more than a couple thousand over the year anyway!
He also spent a lot of time talking about the 'quality' of teammembers that you get with the GPT: serious, professional entrepreneurs. Basically, he said you need to fish where the big fish are! With the traditional mlm's, he pointed out that we're recruiting people who are brand new to network marketing, and who, even though they've joined, they still require a lot of 'hand-holding', convincing to actually WORK their business, and who whine a lot and blame YOU for their lack of success with the business!
What do you think about all of this? Agree, disagree? or you're too busy or too far into your business to care or even think about changing course at this point???
My Response to Monica R: (March 30, 2009) (By Virginia Reynolds)
Monica
Your author is basically correct about Get Paid Today (GPT) - though since May 2008, GPT has evolved a little. There is a model that has different price entry points (5 of them - the first one is free as the sponsor pays forward the entry fee.)
I have a blog in my profile that goes into more depth here.
About attracting a "better class' of entrant - well - I am not too sure about that. Some people, who have no clue about running a business and the dedication involved, can still be attracted to the GPT model. They get sucked in by the hype then rely solely on their sponsor to do the hard yards for them. So, attracting and finding good people is just as challenging.
My approach is to get people to at least see what the GPT business is all about (some are even too lazy to see an 18 minute video all the way through) and then only work with those who "get it" and run with the ball. I certainly keep out of the "convincing" business.
One thing, it's important to build an extra resources site and keep in regular contact. They have to have something to work with once they are qualified and thus leave your incentivized mentorship. I am very strong on this point. Anyone who qualifies under me will get everything that I use (eg Rotators, where to post etc) so that they can mentor their people and so on down the line. If prospective entrants can see this then they are more likely to join up. Now, only those who have been through the mill and know what it takes to make ANY online business succeed will have the foresight to appreciate this. So, in a sense, the GPT model does sort the wheat from the chaff as far as attracting good people are concerned.
Also, I don't worry about creating competitors out of my qualified people. To me, they are still in my team - and if they work their business right it will just increase favorable overall awareness of the GPT model to the whole online community. There are enough fish in the ocean and always will be. Saturation is not an issue.
What I DO have issue with are GPTs, matrixes, mlms etc that promote products with little or no value-proposition to anybody. These drag the whole home e-commerce industry down and opens the way for legal entanglements and for projecting a poor image to others.
I hope that this is a useful contribution to the discussion you have started here.
best regards
Virginia Reynolds
Your EZ Wealth Sponsor
Online Business Professional
ezyhelper@gmail.com
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