Is This Pyramid Selling?
Posted by: Glenn Bolton in MLM, Opinion, tags: 360, Marketing, Pyramid, Pyramid Selling, SellingGot this question for a distributor the other day and thought there might be a few others with the same question rattling around in their heads.
Q: “Hehe, quite honestly, I have no idea what I signed up for… At first glance it seems like a pyramid scheme of some sort ;) So what exactly is the story? Everyone who signs up tries to sell this stuff and the people above them get a cut?”
A: Firstly, pyramid schemes are illegal. This is NOT a pyramid scheme. The pyramid shape is everywhere. Government, business, animal kingdom etc…
We use high quality nutritional products to improve our health and build a team of people under us who want do the same. A proportion of the sale price (about 50%- not unlike retail shops) is made available as commissions via a compensation plan to those that share this information by “word of mouth” advertising. This is opposed to normal retail that pays its share in rent, advertising, wages etc…
The business we are involved in called Network Marketing does not pay any rent or advertising or wages. They pay us to tell others about what is available.
May I suggest you take a look at a presentation called “Brilliant Compensation”. I will be able to make copy available for you or I can find a link on the web so you can watch an animated version.
“Everyone who signs up tries to sell this stuff and the people above them get a cut?”
Not quite.
People sign up for FREE and buy the product if they choose to. If they like it, they will share it with friends and business contacts.
If you have a group of people who join under you, just like you did, you will receive a commission to help pay for your own purchases. If the group under you keeps growing, the commissions grow. There is no limit to how big it can grow and the commissions that can be earned.
The 360 business at this stage is just a “look and see” for FREE. When you have all the information on the products, prices, compensation plan etc. then you can decide if you want to put your money on the table.
What we have seen so far it is a bit like Microsoft giving us an option to buy shares when their company had not even reached the share market.
Did they think they had a good product? I am sure THEY did.
Will 360 grow like Microsoft?
I am sure Microsoft did not realize that it would do so well at the time.
The same goes for 360.

