Many people looking to join a home based business believe joining a company that is publicly traded is a GREAT idea. Not necessarily so. The only great thing about considering a publicly traded company is that you can, if you chose to research, review their annual reports.
Here is an excerpt from the E-book, Success in 10 Steps. Written by my good friend and personal mentor, Michael Dlouhy.
Companies say, "We Keep 93% of Our People!"
They lie.
Truth: There was a phone company a few years back that had to publicize their retention rate, because they were publicly traded.
Take a guess. Out of every 100 people they signed up, how many were still in the business a year later?
50%? HAH!
25%? As they say in the Hertz commercial, "Not exactly!"
10%? You're getting warm ...
The public record showed 6% to 7% retention. That's not
67% ... it's 6 to 7% retention. So you build your business for a year, you buy advertising, you do 3-way calls, you go to meetings, you talk to all your friends & relatives, and you wind up recruiting 100 people! Yippee! You're almost rich.
Well, not exactly. Why? Because what you have left is 6 to 7 people out of 100 (!) still building the business.
Ooops ... wait ... that's not all you've got. You also have smashed dreams, maxed-out credit cards, and probably a LARGE bunch of people who hide when they see you coming.
Whatever you do in network marketing must be duplicatable
for the masses. Six to 7% retention is not smart business.
That brings up the next big lie.
Who controls your commissions when you join a publicly traded Network Marketing Company? The stockholders control YOUR check. If you think they won't cut your commissions in exchange for higher dividends... You are not considering the realities....
To learn more and further your education, feel free to download the complete E-book. It's free and WILL SAVE YOU years of failure and frustration.
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Download Success in 10 Steps
To YOUR Success
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