Hi Bob
This review you did on Webprosperity is very Good. I really like the way you used to evaluate it.
I know I am to busy to even think about it at the present time.
Dave
Hi Bob,
The five critical criteria for evaluatiing any MLM opportunity are:
1. The Company — it’s owners, management, executive team, industry experience, track record, and its principles, policies and practices. The company is always the #1 risk to network marketers because, if the company folds, so does your business.
2. The Compensation Plan — how much YOU get paid, and how that’s calculated. Is it fair? Balanced? Does it reward ALL stakeholders? (Download three FREE white papers from http://REALnetworkmarketing.com/?page_id=335.)
3. The Products — Are they real? Legal and ethical? Are they suited to the network marketing distribution model? Do they meet the Three Criteria of Fulfilment? (http://profitclinic.net/3criteria )
4. The Support Systems — Do they exist? Do they work? Are they free or do you have to pay for them?
5. The Upline Team — Do they provide adequate, worthwhile training, communication, recognition and support? Is it free or do have to pay?
WebProsperity hasn’t yet launched (at time of writing), so some of these criteria can only be assessed on the basis of published information and past performances by those involved. On that basis, I have some serious reservations with the company and especially the compensation plan. The products are an unknown quantity at this stage, so I can’t comment here. So, too are the support systems and upline team. But the first two criteria are, by far, the most important, because they directly affect your prospective success and sustainability.
Serious Red Flags: How is this opportunity being promoted? Are the primary appeals to your rational, objective reason — this is a BUSINESS decision, remember? — or do they target the Big Five Failure Factors?
* Fear of loss
* Greed
* Laziness
* Ignorance
* Gullibility — or, if you’ve been bitten before, plain, old-fashioned stupidity
Here there’s no doubt or uncertainty. ALL FIVE Failure Factors are being heavily and directly targeted by the company and by “heavy hitter” promoters and their clones.
Bottom Line: there are too many issues, uncertainties and questionable track records involved in too many aspects of the opportunity for me to be able to support it, in principle or practice.
ALERT! ALERT! ALERT!
If you decide to join WebProsperity, think seriously before complying with the company’s recommendation to allow it access to your personal contact lists: you may leave yourself exposed to the risk of prosecution and/or litigation for breaching privacy laws. Your contacts did NOT give you permission to release their private contact details to the company!
John Counsel
CEO, The Profit Clinic
The blog for WP says they are keeping "pre-launch" live for another week instead of going live today. This either means a) they want to have more people in the system for a bigger spash, or 2) they have technology issues and they aren't ready for launch. Or perhaps a combination of the two.
Either way, I will not be adding more commentary until after I get back from the cruise.
Bob
It seems that the pre-launch will be extended until Tuesday, January 13th at 12 Noon EST.
Once again, great stuff!
Josip Barbaric
Bob,
Thanks for this timely and useful information. A former business associate presented a new MLM opportunity to me and I have been evaluating its potential. Your article provides the insight I need to make my decision.
Thanks,
Brian