BUILD a real estate business. Go beyond being IN the real estate business. Wouldn't it be nice to be paid every Friday?
Build your business beyond the Panhandle. Build a nationwide business. We are expanding nationally, and in the near future, internationally.
[link removed]
Replies
227
Skunky
Re: Take your real estate business to a whole new level
A blurb from Clark Howard's website regarding multilevel marketing:
multi-level marketing
You make money in two ways in a multilevel marketing organization: you buy products from the company and resell them to customers, and you recruit people into the organization and earn a commission off their sales.
Don't join a multilevel marketing organization unless you have sales ability, you believe in the product, and the product is priced fairly.
Don't join if the main purpose of the organization is rounding up new recruits. Such an organization may be an illegal pyramid.
If you're an outstanding salesperson who would do well at multi-level marketing, you would probably do better by selling through a traditional sales channel, where you don't have to split your commissions.
A blurb from Clark Howard's website regarding multilevel marketing:
multi-level marketing
You make money in two ways in a multilevel marketing organization: you buy products from the company and resell them to customers, and you recruit people into the organization and earn a commission off their sales.
Don't join a multilevel marketing organization unless you have sales ability, you believe in the product, and the product is priced fairly.
Don't join if the main purpose of the organization is rounding up new recruits. Such an organization may be an illegal pyramid.
If you're an outstanding salesperson who would do well at multi-level marketing, you would probably do better by selling through a traditional sales channel, where you don't have to split your commissions.
SoWal Insider
Re: Take your real estate business to a whole new level
To those 3 people who are interested in GRM, I suggest you read this link: (http://www.vandruff.com/mlm.html) entitled "What's Wrong with Multi-Level Marketing?
The link reads in part:
The People Machine
Chernobyl had a control system that failed. MLMs have no control mechanisms at all.
Where is the "switch" that can be flipped in an MLM when enough sales people are hired? In a normal company a manager says, "We have enough, let's stop hiring people at this point." But in an MLM, there is no way to do this. An MLM is a human "churning" machine with no "off button." Out of control by design, its gears will grind up the money, time, credibility, and entrepreneurial energy of well-meaning people who joined merely to supplement their income. Better to just steer clear of this monster to begin with.
There is simply no way to avoid the built-in failure mechanism of MLMs. If a company chooses to market this way, it will eventually "hire" (with no base pay and charging to join) far too many people.
Thus, the only "control system" will be the inevitable losses and subsequent bad image the MLM company will gain after it does what it was designed to do: fail. And sooner or later we have got to stop blaming this particular MLM company or that, and admit that the MLM technique itself is fundamentally flawed.
New Solution: A Retarded MLM
Some modern incarnations of MLMs attempt to address this particular problem by limiting the number of people you can sponsor, say, to four. But the same geometric expansion problems exist; the failure mechanism has just been slowed down a bit. And now there is the added problem of even more unnecessary layers in the organization.
The claim that an MLM is merely a "common man" implementation of a normal real-world distribution channel becomes even more absurd in this case. Imagine buying a product or service in the real world and having to pay overrides and royalties to five or ten unneeded and uninvolved "distributor" layers. Would this be efficient? What value do these layers of "distributors" provide to the consumer? Is this rational? Would such a company exist long in a competitive environment?
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3 People: You've been sufficiently warned.
Mr Seal: What say you?
To those 3 people who are interested in GRM, I suggest you read this link: (http://www.vandruff.com/mlm.html) entitled "What's Wrong with Multi-Level Marketing?
The link reads in part:
The People Machine
Chernobyl had a control system that failed. MLMs have no control mechanisms at all.
Where is the "switch" that can be flipped in an MLM when enough sales people are hired? In a normal company a manager says, "We have enough, let's stop hiring people at this point." But in an MLM, there is no way to do this. An MLM is a human "churning" machine with no "off button." Out of control by design, its gears will grind up the money, time, credibility, and entrepreneurial energy of well-meaning people who joined merely to supplement their income. Better to just steer clear of this monster to begin with.
There is simply no way to avoid the built-in failure mechanism of MLMs. If a company chooses to market this way, it will eventually "hire" (with no base pay and charging to join) far too many people.
Thus, the only "control system" will be the inevitable losses and subsequent bad image the MLM company will gain after it does what it was designed to do: fail. And sooner or later we have got to stop blaming this particular MLM company or that, and admit that the MLM technique itself is fundamentally flawed.
New Solution: A Retarded MLM
Some modern incarnations of MLMs attempt to address this particular problem by limiting the number of people you can sponsor, say, to four. But the same geometric expansion problems exist; the failure mechanism has just been slowed down a bit. And now there is the added problem of even more unnecessary layers in the organization.
The claim that an MLM is merely a "common man" implementation of a normal real-world distribution channel becomes even more absurd in this case. Imagine buying a product or service in the real world and having to pay overrides and royalties to five or ten unneeded and uninvolved "distributor" layers. Would this be efficient? What value do these layers of "distributors" provide to the consumer? Is this rational? Would such a company exist long in a competitive environment?
----------------------------------------------------------------
3 People: You've been sufficiently warned.
Mr Seal: What say you?
Beach Fanatic
Re: Take your real estate business to a whole new level
Really interesting thread. Here's my unsolicited 2 cents-
Scenethief, I admire your ability to remain positive and professional despite the tone of many of the responses. I think you will do well in whatever you do. I wish you the best...
I thought Kurt said that if someone is posting something with the intent to sell it [or promote it] that the rest of us should reserve commentary that poo poos it...
With that in mind, I find that the posts in this thread that help clarify, define and uncover the specifics of Scenethief's program are totally appropriate. But those that cast judgement based on preconceived notions or other negative experiences in MLM (or that speculate whether or not potential recruits/realtors would find value in the program) are arguably unfair and inappropriate...
If Scenethief had started a thread that says, "What do you think of the potential success of joining something like this?" then that would be a different story...
2 Cents...
Cheers,
George
P.S. Full disclosure: I am not part of any MLM business, nor have I ever been.
Really interesting thread. Here's my unsolicited 2 cents-
Scenethief, I admire your ability to remain positive and professional despite the tone of many of the responses. I think you will do well in whatever you do. I wish you the best...
I thought Kurt said that if someone is posting something with the intent to sell it [or promote it] that the rest of us should reserve commentary that poo poos it...
With that in mind, I find that the posts in this thread that help clarify, define and uncover the specifics of Scenethief's program are totally appropriate. But those that cast judgement based on preconceived notions or other negative experiences in MLM (or that speculate whether or not potential recruits/realtors would find value in the program) are arguably unfair and inappropriate...
If Scenethief had started a thread that says, "What do you think of the potential success of joining something like this?" then that would be a different story...
2 Cents...
Cheers,
George
P.S. Full disclosure: I am not part of any MLM business, nor have I ever been.
SoWal Insider
SoWal Expert
Re: Take your real estate business to a whole new level
http://www.humphreyestate.com/Loader.aspHumphrey Estate -- an entire website devoted to the founder's home and auto collection.
http://www.humphreyestate.com/Loader.aspHumphrey Estate -- an entire website devoted to the founder's home and auto collection.
SoWal Insider
Re: Take your real estate business to a whole new level
John Edwards is an amateur!
John Edwards is an amateur!
Beach LoverAuthor
Re: Take your real estate business to a whole new level
You are right, Joe.
We pair up the newbie with a field trainer who may/may not be the agent who recruited the newbie. The field trainer will help the newbie on their first few sales, and get a portion of each sale. The other portion of the 20% is divided according to the agreed pay plan.
In one of the four videos on the link you provided, it was stated that the agent who recruited a newbie took a portion of the recruit's commissions. It also stated that those commissions went right up the chain to the agent who recruited the agent who recruited the agent who recruited the newbie who actually worked for the commission. I believe that is where it cut into the 80%.
You are right, Joe.
We pair up the newbie with a field trainer who may/may not be the agent who recruited the newbie. The field trainer will help the newbie on their first few sales, and get a portion of each sale. The other portion of the 20% is divided according to the agreed pay plan.
Beach LoverAuthor
Re: Take your real estate business to a whole new level
Check this one out too: www.wlgfoundation.com
Humphrey Estate -- an entire website devoted to the founder's home and auto collection.
Check this one out too: www.wlgfoundation.com
Beach LoverAuthor
Re: Take your real estate business to a whole new level
I am a huge Clark Howard fan.
We don't get paid when a recruit signs up. NO ONE gets paid unless a real estate side is closed or a mortgage is closed.
A blurb from Clark Howard's website regarding multilevel marketing:
multi-level marketing
You make money in two ways in a multilevel marketing organization: you buy products from the company and resell them to customers, and you recruit people into the organization and earn a commission off their sales.
Don't join a multilevel marketing organization unless you have sales ability, you believe in the product, and the product is priced fairly.
Don't join if the main purpose of the organization is rounding up new recruits. Such an organization may be an illegal pyramid.
If you're an outstanding salesperson who would do well at multi-level marketing, you would probably do better by selling through a traditional sales channel, where you don't have to split your commissions.
I am a huge Clark Howard fan.
We don't get paid when a recruit signs up. NO ONE gets paid unless a real estate side is closed or a mortgage is closed.
Beach LoverAuthor
Re: Take your real estate business to a whole new level
Greetings from Atlanta! I am at our corporate headquarters this week for more Kool Aid consumption. We even had a large bonfire last night and we all danced around the fire like wild Injuns (kidding).
I have met BROKER/OWNERS from California, Missouri, North Carolina, the list goes on that, like I, think that the Kool Aid is DEEE-LICIOUS.
Jimmy, your argument is convoluted and just plain ignorant. We follow the laws according to the individual state(s) that we are licensed in: 37 states with more to come.
You're scaring me, scenethief -- your posts sound like you've been drinking out of that kool-aid vat.
Most MLM schemes I've seen over the years are based on building one's business, not only by recruting one's network/downstream/whatever, but by bringing a product or service to the consumer that's new/different/cheaper/not available elsewhere, like Amway or vitamins or pre-paid phone cards, etc.
what's being brought to the consumer here, that they can't get elsewhere? and, feckless or not, why on earth does an agent in Oklahoma want some of his $$ to go to me in Florida, other than to get a chance for him to get $$ from agents in other states? This is the chain-letter, house of cards aspect that I find very objectionable. Like any pyramid scheme, it only works because eventually there's no one else to recruit down at the very bottom. There's no magical well of $$ that flows six layers up.
Greetings from Atlanta! I am at our corporate headquarters this week for more Kool Aid consumption. We even had a large bonfire last night and we all danced around the fire like wild Injuns (kidding).
I have met BROKER/OWNERS from California, Missouri, North Carolina, the list goes on that, like I, think that the Kool Aid is DEEE-LICIOUS.
Jimmy, your argument is convoluted and just plain ignorant. We follow the laws according to the individual state(s) that we are licensed in: 37 states with more to come.
Edited
Beach Lover
Re: Take your real estate business to a whole new level
If you're going to call me names, at least read my post & debate me on the issues raised -- you didn't address my points about the nature of MLM at all. And, BTW, I didn't claim that no one would want in, and I didn't claim this was illegal.
As others in the thread also state, I maintain that the "override" $$ comes from somewhere, from someone, and eventually there'll be no one left downstream to pay the people that came late to the party. And, I asked you what you're bringing to the consumer that they can't get elsewhere.
I have met BROKER/OWNERS from California, Missouri, North Carolina, the list goes on that, like I, think that the Kool Aid is DEEE-LICIOUS.
Jimmy, your argument is convoluted and just plain ignorant. We follow the laws according to the individual state(s) that we are licensed in: 37 states with more to come.
If you're going to call me names, at least read my post & debate me on the issues raised -- you didn't address my points about the nature of MLM at all. And, BTW, I didn't claim that no one would want in, and I didn't claim this was illegal.
As others in the thread also state, I maintain that the "override" $$ comes from somewhere, from someone, and eventually there'll be no one left downstream to pay the people that came late to the party. And, I asked you what you're bringing to the consumer that they can't get elsewhere.
Beach Fanatic
MLM discussion
Supposedly it is a legitimate mulit level marketing company affiliated with AT&T, Verizon, Nextel, Dish Network, etc...
Of course you are paid according to how many people you can sign u and so forth. Apparently this thing is pretty hot right now and supposedly you can make up to 50k/month blah blah blah.
I was wondering if anyone had experience with this company? I am having a background check done on them right now including pending lawsuits and financial health.
I know many people who have made money in these programs, am just looking for info on this specific company.
Supposedly it is a legitimate mulit level marketing company affiliated with AT&T, Verizon, Nextel, Dish Network, etc...
Of course you are paid according to how many people you can sign u and so forth. Apparently this thing is pretty hot right now and supposedly you can make up to 50k/month blah blah blah.
I was wondering if anyone had experience with this company? I am having a background check done on them right now including pending lawsuits and financial health.
I know many people who have made money in these programs, am just looking for info on this specific company.
SoWal Expert
Re: Anyone know Fortune High Tech Marketing?
the question you have to ask is, are you making money by selling products, or are you making money by signing people up? If the first, it might be decent, but if the latter, RUN! What will you be selling, phone services?
the question you have to ask is, are you making money by selling products, or are you making money by signing people up? If the first, it might be decent, but if the latter, RUN! What will you be selling, phone services?
Beach Fanatic
Re: Anyone know Fortune High Tech Marketing?
It's both SJ. From the best I have heard you get money for each person you sign up and the people they sign up. You also receive residuals on money they are saving.
The companies who have affiliated with Fortune High Tech offer discounts to those who use them. For example, when your cell phone contract runs out you sign up with one of the affiliates through FHTM. You then receive a 5-20% discount on your monthly bill through that affiliate. So essentially you are saving yourself money on things you are already paying for.
They say that these corporations are paying them big money as to gain long term clientele. I know several reputable people in this area that have jumped in hard. Didn't know if anyone here was involved and if they made any $?
It's both SJ. From the best I have heard you get money for each person you sign up and the people they sign up. You also receive residuals on money they are saving.
The companies who have affiliated with Fortune High Tech offer discounts to those who use them. For example, when your cell phone contract runs out you sign up with one of the affiliates through FHTM. You then receive a 5-20% discount on your monthly bill through that affiliate. So essentially you are saving yourself money on things you are already paying for.
They say that these corporations are paying them big money as to gain long term clientele. I know several reputable people in this area that have jumped in hard. Didn't know if anyone here was involved and if they made any $?
Beach Fanatic
Re: Anyone know Fortune High Tech Marketing?
They are having a presentation and question/answer time tonight. It's at 7:30 tonight at Houston 8. Houston 8 is located between Sarah K's and Subway in the Best Buy parking lot.
I'm going to check it out. I'll look into anything that may make some money on the side. It's open to the public so anyone that may be interested should be there.
They are having a presentation and question/answer time tonight. It's at 7:30 tonight at Houston 8. Houston 8 is located between Sarah K's and Subway in the Best Buy parking lot.
I'm going to check it out. I'll look into anything that may make some money on the side. It's open to the public so anyone that may be interested should be there.
SoWal Expert
Re: Anyone know Fortune High Tech Marketing?
Sounds like a pyramid telemarketing scheme.
Sounds like a pyramid telemarketing scheme.
Beach Fanatic
Re: Anyone know Fortune High Tech Marketing?
In a way, but it seems like there's an opportunity to make some money. It's not really a scheme, but seems to be a legit business set up in that fashion. The background check just came back pretty clean. I just read several articles on the internet about the founder Paul Orberson that were very positive about him.
If you think about it a lot of businesses are kind of set up the same way. A Real Estate office is kind of set up the same way. Money trickles down from the broker. I know plenty of Real Estate companies that pay bonuses to agents for recruiting also.
In a way, but it seems like there's an opportunity to make some money. It's not really a scheme, but seems to be a legit business set up in that fashion. The background check just came back pretty clean. I just read several articles on the internet about the founder Paul Orberson that were very positive about him.
If you think about it a lot of businesses are kind of set up the same way. A Real Estate office is kind of set up the same way. Money trickles down from the broker. I know plenty of Real Estate companies that pay bonuses to agents for recruiting also.
SoWal Expert
Re: Anyone know Fortune High Tech Marketing?
I'd be running the other way. You are essentially a recruiter, and are not selling anything. How much money are they charging for you to attend the seminar, or to start up?
I'd be running the other way. You are essentially a recruiter, and are not selling anything. How much money are they charging for you to attend the seminar, or to start up?
SoWal Expert
Re: Anyone know Fortune High Tech Marketing?
Josh, you are right about some real estate offices being set up for sharing income of people who you bring aboard. Keller Williams is one of those companies. However, most agents at Keller Williams are on board to sell real estate. Recruiting is secondary. The scenario in the model you present, you are not selling anything. You are simply recruiting people who recruit people, who recruit people.
Josh, you are right about some real estate offices being set up for sharing income of people who you bring aboard. Keller Williams is one of those companies. However, most agents at Keller Williams are on board to sell real estate. Recruiting is secondary. The scenario in the model you present, you are not selling anything. You are simply recruiting people who recruit people, who recruit people.
Beach Fanatic
Re: Anyone know Fortune High Tech Marketing?
They are selling a service. They recruit people to use a service provider that is affiliated with them. Then when you switch to their provider you get a discount on your bills anyway. Essentially you would be saving yourself money. I don't know enough about it, but my interest has been peaked.
It's a $299 set up fee, but you would make that back after signing up 3 people. I just got off the phone with my private investigative buddy in California who told me that he hasn't ever been sued and been in business since 2001. That's pretty impressive for anyone running a business.
They are selling a service. They recruit people to use a service provider that is affiliated with them. Then when you switch to their provider you get a discount on your bills anyway. Essentially you would be saving yourself money. I don't know enough about it, but my interest has been peaked.
It's a $299 set up fee, but you would make that back after signing up 3 people. I just got off the phone with my private investigative buddy in California who told me that he hasn't ever been sued and been in business since 2001. That's pretty impressive for anyone running a business.
Beach Fanatic
Re: Anyone know Fortune High Tech Marketing?
"This is not a pyramid scheme. It only looks kind of like a triangle..."
"This is not a pyramid scheme. It only looks kind of like a triangle..."
SoWal Expert
Re: Anyone know Fortune High Tech Marketing?
So they make $300 per person who signs up. You make $100 per person you sign up. I have plenty of information to know that you should RUN. I've ran a business longer than that, and knock on wood, I haven't been sued either. The Club isn't necessarily illegal. It is much like a buying club, where members receive discounts on items they buy from certain vendors who pay to be in the Club and they have to offer discounts in return. The company which is setting this up is really the only one making any money. Cell phone contracts are highly competitive right now, and anyone who knows what they are doing can negotiate with the cell phone reps for better rates or discounts on phones. If Alltel has the best reception around here and your Club doesn't have Alltel as a carrier, and you go with Company X, because they offer a discount, but now don't have decent reception, you have not gotten a deal. You have gotten hosed.
So they make $300 per person who signs up. You make $100 per person you sign up. I have plenty of information to know that you should RUN. I've ran a business longer than that, and knock on wood, I haven't been sued either. The Club isn't necessarily illegal. It is much like a buying club, where members receive discounts on items they buy from certain vendors who pay to be in the Club and they have to offer discounts in return. The company which is setting this up is really the only one making any money. Cell phone contracts are highly competitive right now, and anyone who knows what they are doing can negotiate with the cell phone reps for better rates or discounts on phones. If Alltel has the best reception around here and your Club doesn't have Alltel as a carrier, and you go with Company X, because they offer a discount, but now don't have decent reception, you have not gotten a deal. You have gotten hosed.
SoWal Expert
Re: Anyone know Fortune High Tech Marketing?
I remember when a guy I knew made an appointment to talk with me one day, many years ago. I thought he wanted to talk business, with him buying my services, because that is what he indicated. This was a retired man, former military. He came in as scheduled and started to tell me about the great business of selling long distance for telephones. I was polite, and declined, but I wanted to kick him out and slam the door. This is no different. Start pitching your friends and acquaintances about switching service providers and you will not have any friends.
I remember when a guy I knew made an appointment to talk with me one day, many years ago. I thought he wanted to talk business, with him buying my services, because that is what he indicated. This was a retired man, former military. He came in as scheduled and started to tell me about the great business of selling long distance for telephones. I was polite, and declined, but I wanted to kick him out and slam the door. This is no different. Start pitching your friends and acquaintances about switching service providers and you will not have any friends.
Beach Fanatic
Re: Anyone know Fortune High Tech Marketing?
I don't disagree with you yet SJ. Yes, I would say that it is very similar to that type of club.
Also, there's a big difference in not being sued running a very large corporation and being a Realtor.
So they make $300 per person who signs up. You make $100 per person you sign up. I have plenty of information to know that you should RUN. I've ran a business longer than that, and knock on wood, I haven't been sued either. The Club isn't necessarily illegal. It is much like a buying club, where members receive discounts on items they buy from certain vendors who pay to be in the Club and they have to offer discounts in return. The company which is setting this up is really the only one making any money. Cell phone contracts are highly competitive right now, and anyone who knows what they are doing can negotiate with the cell phone reps for better rates or discounts on phones. If Alltel has the best reception around here and your Club doesn't have Alltel as a carrier, and you go with Company X, because they offer a discount, but now don't have decent reception, you have not gotten a deal. You have gotten hosed.
I don't disagree with you yet SJ. Yes, I would say that it is very similar to that type of club.
Also, there's a big difference in not being sued running a very large corporation and being a Realtor.
SoWal Expert
Re: Anyone know Fortune High Tech Marketing?
IMO it's sketchy and you are making yourself seem sketchy on a board of potential clients!
I remember when a guy I knew made an appointment to talk with me one day, many years ago. I thought he wanted to talk business, with him buying my services, because that is what he indicated. This was a retired man, former military. He came in as scheduled and started to tell me about the great business of selling long distance for telephones. I was polite, and declined, but I wanted to kick him out and slam the door. This is no different. Start pitching your friends and acquaintances about switching service providers and you will not have any friends.
IMO it's sketchy and you are making yourself seem sketchy on a board of potential clients!
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