I’ve come here to ask for help

I’m starting my own finance blog… AND I WANT TO DO IT THE RIGHT WAY! Who better to ask than people who have been abused by the marketing “System?”
I am a graduate of 2 MLM’s (Amway…and if that wasn’t enough…Excel). I didn’t really make enough to pay my expenses, and was cheated out of many commissions through either not making my minimum or because the “company” only cuts checks for amounts over $10…(I wonder where that $9.95 I earned went to?)
So to make a long story even longer…

I’m looking for constructive input on how to shape this new loan program into something worthwhile for all involved.
So far (And keep in mind this business will not “kick-off” for a cuple of months) I have built the following features into “the plan.”
– NO Products to sell! (It’s a service and consulting business)
– No Monthly┬áMinimums! (Commission Bonus’ paid on all transactions no matter how small)
– 90 day waiting period BEFORE a person may become a rep! (Sorry, people need full-disclosure and need to complete “no cost training” beore they get involved!)
– LIMITED Potential (Yep…I said LIMITED). Bonus’ paid only to the 7th Level and a limit on how “wide” a person can grow! (It really is part-time).
– NO MOTIVATIONAL MATERIALS (Tapes, books, etc.) OR MEETINGS ALLOWED! (INCLUDING WEEKLY or MONTHLY “CORPORATE OVERVIEWS”).
– Representative “MONEY BACK” GUARANTEE or those who do not at least bring in enough to equal their “buy-in.”
– Recruiting of “reps” is limited to pre-existing “clients.”
– Clients share in the profits as well as reps.
– NO “PIN LEVELS”

– NO BONUS’ PAID FOR “RECRUITING REPRESENTATIVES“…Bonus’ paid only on clients.
– Full disclosure! If you have any positive and worthwhile commnets or suggestions about how to make an lender function so that none get hurt…please email me.
(P.S. Yhis is a service designed for Single, Widowed, or Divorced adults)

2 thoughts on “I’ve come here to ask for help

  1. you should contact Dr. Jhon Taylor as I hear he has some insights into what he thinks would make an loan marketing program-work. Don’t expect any moral support here. I would even suggest you drop the loan-concept altogether in favor of straight retail commission sales. You can then focus on recruiting a few hard-working salespeople with experience rather than a lot of unmotivated, inexperienced people not really cut out for sales.

    There are very good reasons why MLM has such a rotten reputation. You probably already know them, but visit Dr. Taylor’s site for details.

  2. Thanks or the link luther. The object of my MLM is to get a customer base…not a rep base. (By the way…I don’t expect sympathy from the folks around here…just advice). It’s important for me to make sure this doesn’t become a cult or a method for fooling people into thinking they’re going to get rich at the personal, emotional, or financial expense of someone else.

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