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Recognizing scams online. Use the "5 Pillars."
By Chysom Scott
@CJscott (4187)
Portage La Prairie, Manitoba
May 17, 2009 11:04am CST
Now, maybe you have heard of the 5 Pillars before, maybe even you heard it from me before, I have responded to quite a few discussions citing them. But perhaps you have not. And you know what I think. I think everyone should know and apply the "5 Pillars" test when thinking about signing up for any kind of online money making programs, from a marketing system, to ptc, to mlm. To anything really, you can even use some of them in real life job searches. All right then, let us begin.
Pillar #1 - Company Management Experience with Integrity
What this means is, have the people that run the company made money doing this? Are "more" concerned about making you money then themselves, because the know the more money YOU make the more money they make? It is a simple thing to find out, first google them, put there name in brackets, then put scam in the search so like.. "cjscott" scam. Or just search there name and read the pages, don't stop on page one though, they will have paid super computer knowledgeable people to put up sites that promote them, search around the 8-10th pages of google, where you will see people talking about it in forums and discussion groups. Do this also with the company name.
Pillar #2 - Timing in the Company, Timing in the Industry
Think about this, timing in the company. How long before a company proves it has staying power. I have read and heard from many places, that about 90% of all new businesses go under in there first year. And of those about half go under in year 2. So, wait till they have staying power. Now, this I think is MLM specific. You don't want to get in too late in MLM either, because if the company is a household name then it will be hard to get ahead. Right, so that is timing in the company, now for timing in the industry. Um, I'll make this simple. Do you want to get involved in a company that sells 8 track cassettes? or offer a technology that will be obsolete tomorrow due to advances in science and technology? Simple yes? Lets move on then.
Pillar #3 - A remarkable Product at a Value Price
The attorney general says "Would a logical thinking person pay for that product if there was not a business opportunity involved?" if the answer is no, then it is a scam. Be sure to look around and find out what the competition has to offer. Does your prospective company have competitive prices for there product or service? Do a google search to find out.
Pillar #4 - A compensation plan that pays the part timer
Does your company make more of its money from retail sales, or from you recruiting people? If it is from sales, then any body can make money working there, but it is from distributor sign ups, well, you have to convince alot of other people to sign up in order to make money, and if you stop "recruiting" the money stops coming in. Are you starting to see how it all ties together?
Pillar #5 - A Proven Duplicatable Training System for Success
So, does your company offer training for you to succeed the same way the top earners do? Does your personality fit the comp plan? Can you teach your friend to do the same thing? How about a complete stranger over the phone or internet from another country? If can't teach others to do the same thing your doing then you will never get ahead, especially in network marketing.
If you have any questions about any of this, I will be following the discussion closely, and you are welcome to add me as a friend and Private Message me. I am here to help in any way I can. If I can help you make money online, it makes me feel really good. Cheers.
2 people like this
2 responses
@moonchild1au (6237)
• Australia
18 May 09
That's very interesting to know...I think it will help me heaps but don't be surprised if I pm you for more help :p
1 person likes this
@CJscott (4187)
• Portage La Prairie, Manitoba
18 May 09
Hey, I welcome your questions. And if I can't answer from what I know, I have a huge team of dedicated professional network marketers there to help us both out. I don't know what the policy is on putting up my contact information on mylot, but if you are interested, I can send you the url to get started in the same team. It is all free, and if you can't make the live training, they record it so you can download it on to your ipod and take it to your "thinking spot" or on a run, or while doing errands... You get the idea.
1 person likes this
@moonchild1au (6237)
• Australia
18 May 09
I'd love to find out more - one question though, coz I'm in Australia, if I can't make the seminars, I don't have an ipod, can I download it & listen to it on my computer?
1 person likes this
@juanj5208 (51)
• United States
20 May 09
Yes it is a great discussion but right at this moment I don't think I'm going to use it becasue I don't have any money to invest. So there is no chance i can get scamed buying something but io'm sure that if I ever have the money I'm goign to use your 5 pillar.