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Simple way to make money online without doing any work 100% legit and paying




Making money online is no longer a new thing to us, but how to you get a legit and paying work from home biz with little startup capital? let's go straight down to the point.
today i am going to show you a system that is working 100% i am not just introducing this online business to you i have tested it and its working fine, 100% paying, no issues on withdrawal.

Take a look at the screenshot below, withdrawal proff for last six hours.
This screenshot shows my earning for the 6hrs i joined.
This system is called perfectmetrixcash. 
THIS IS WHAT YOU WILL START RECEIVING 20% OF $2.5 PAID BY 2,441,496 MEMBERS
You Will Be Receiving :
$2.5
$6.25
$31.25
$156.25
$781.25
$3,906,25
$19,531.25
$97,656.25
$488,303.75
You Don't Need To Advertise
You Don't Need To Sponsor Anyone
You Don't Need To Sell Anything
All Work Needed Will Be Automatically Done For You
All You Need Are :
A Facebook Account
how does this system really works?

What Is PerfectMatrixCash ? 
It is a program that is sharing every $2.5 received among Nine Members. Entry Fee is $2.5 One Time Payment and the money is shared among Nine Members.
PerfectMatrixCash will be giving you 20% and 10% of the money paid by those people placed under you on the program. You will be paid $0.50 and $0.25 for each of the 2,441,496 people that will be placed under you.
You will receive $0.50 on each of the First Five People placed under you.
Totalling - $2.5
For the First Five People under You.


You will be receiving $0.25 starting from Number 6 to 2,441,496 people placed under you. The $0.25 is on each of them.

How Much Does It Cost To Join PerfectMatrixCash ?

The cost of becoming a full member is $2.5( One Time Payment ). There is no Daily, Weekly, Monthly or Yearly Subscription.


Do I Need To Sponsor / Refer Anyone To Earn ? 
No. You don't need to personally sponsor or refer new members to earn money from the program. PerfectMatrixCash will get everything done for you automatically. All every member needs is Five People.
PerfectMatrixCash will get you the Five and also give each of those Five their own Five People.
This Program is using 5 X 9 Advanced Forced Matrix as its Compensation Plan.
                          5 X 9 Matrix Means : 
          5 - Five Downlines under Everyone
          9 - Up to Nine Levels or Generations
You will be receiving $0.50 ( N100 ) and $0.25 on everyone placed in your Nine Levels or Generations.
PerfectMatrixCash will be giving everyone Five People needed. You will get your own Five. The Five will also get their own Five. It will continue this way till your Nine Levels or Generation is completed.

 What Is Needed From You Are : 
         A Facebook Account (compulsory)
A Twitter Account(optional)
  A Linkedin Account (optional)


You will need a Facebook Account which will be connected to PerfectMatrixCash's Automatic Downlines Recruiting Website.

It is through this connection you will receive your Five Downlines. Your Sponsoring / Referring / Recruiting Link will be advertised on Facebook Automatically every Two Hours.

Your Friends, Friend of Friends, Members of Facebook Money Making Discussion Pages You Liked and Money Making Discussion Groups You Joined will be attracted to join you on PerfectMatrixCash.
Flyers will be used for the advert and it will contain Text Message with your Personal Sponsoring / Referring / Recruiting Link.

Everyone that click the link and join PerfectMatrixCash will be automatically placed in Your Levels / Generations. You will be paid $0.50 for each of those people in Your Level One ( 5 People ) - $0.50  X 5 = $2.5 
Starting from level Two to Level Nine, you will be receiving $0.25 ( N50 ) on each person placed there.

Can I Have Multiple Accounts or Matrix Positions ? 
Yes, you are free to have more than One Account. You can have as many accounts or Matrix Positions as you want. With One Account, you can go for Multiple Matrix Positions. All you have to do is log in and click on " Purchase Position " twice ( if you prefer Two Matrix Positions ) or Ten Times ( If you prefer Ten Matrix Positions ).
Multiple Matrix Positions gives you Multiple Earnings. Each Matrix Positions cost $2.5  So for every $2.5 ( N500 ) you pay, you will be given One Matrix Position. 
If you want to go for Multiple Matrix Positions, you can pay for them at once.

When & How Will I Get Paid ? 
On PerfectMatrixCash, you can withdraw your earnings if it is up to $5 and you will be paid within Two Hours. No waiting for Long Hours, Days, Weeks or Months.
You will be paid using the same Method of Payment you used to pay for Your Matrix Position.

What Are The Methods Of Payment ? 
You can pay and also withdraw Your Earnings using : 
Payza, SolidTrustPay, Okpay, Bitcoin, Payeer, PerfectMoney, GTBank, Zenith Bank, Western Union, Money Gram and Your Local Bank Accounts.
You can pay using Mobile Transfer, ATM Transfer, Online Transfer. There is a form to fill where you will submit Your Payment Details for Verification & Approval.

I Don't Have An Online Account ( Payza / Solidtrustpay / Perfectmoney / Okpay / Bitcoin ), Can I Still Join PerfectMatrixCash ?
Yes. You can use Your Local Bank Account to collect / receive Your Earnings.

How Long Does It Take For My Payment To Be Approved ?
All Payments are manually approved within Two Hours!

What Are Other Membership Benefits ? 
As a member of PerfectMatrixCash, you have access to advertise your Other Programs on the program and Facebook using Our Automatic Downlines Recruiting Website for free.
On PerfectMatrixCash, you will be helped get / attract downlines for all your other Programs / Business for free. There is a form where you will submit your adverts and they will be automatically posted to Facebook every Two Hours without Limit.
Whatever Program / Business you have and wants to advertise so far it is not illegal, PerfectMatrixCash will help you advertise it and attract Downlines / Customers for You for free.


Is My Personal Information Protected With Your Company ?
Any personal information that you provide to any of our businesses are privacy protected. Your information will never be shared or sold to anyone.

This is a legit opportunity you wont have to miss, stop joining all this fake scam site that promise to pay and dont pay join a legit and 100% paying program. 2.5$ is a little amount give it a try and come back here to thank me later.

ALL YOU NEED TO DO NOW IS CLICK HERE  And proceed to the registration page.


CLICK HERE TO REGISTER



then proceed to the registration page and fill out the form and join perfectmetrixcash.

on a successful registration you will get to your dashboard

now click on purchase position

then select your payment methods
Payment are
Payza 
SolidTrustPay 
Bitcoin 
PerfectMoney
Okpay
Payeer
GTBank 
Zenith Bank

then purchase the position. now go and make the neccessary payment of 2.5$ in any of the payment getways below
Our Payment Accounts You Can Pay To Are : 
Payza ID : aladcharlly1919@gmail.com
SolidTrustPay ID :touchint
Bitcoin ( Blockchain ) : 1EkEP1fCbtjDajacueKpfoDm9W5NJppxQc
                                         Bitcoin Email : aladcharlly1919@gmail.com
PerfectMoney : U7908740
Okpay : michogundana@gmail.com
Payeer : P16193157
GTBank : 0113128414 ( Oluwaseun Aladesiun )
Zenith Bank : 2083298701 ( Oluwaseun Aladesiun )

please confirm this payment method in the official website click here  

ONCE YOU ARE DONE WITH THE PAYMENT

Make The Payment & Send :
Your Username
Amount Paid 
Account Paid Into 
To Any Of Our : 
Email : perfmatcash@gmail.com
BBM : D3D478A5
Whatzapp : +2349058250452
Imo : 2349058250452
Viper : 2349058250452
Skype : oluseunsina
Phone : 1-850-281-8512 or 2347052060120.
Now you are done. your account will be approve in not more then 2 hrs mine was approve in 20mins. so it can be less.
once it is approved send a mail to Email : perfmatcash@gmail.com to update your facebook profile to Automatic Downlines Recruiter and you will start receiving your downlines. 
happy earnings. 

always get in touch with me like my facebook page lets connect together.
CLICK HERE





CLICK HERE TO REGISTER










7 reasons why you need to start a network marketing business

Today, I am going to talk about 7 reasons why you need to start a network marketing business, especially if you are considering starting a new business or you are unepmloyed.

Like Robert Kiyosaki asserts, there is no such a thing as a "safe and secured job". Before you disagree with kiyosaki, I want you to take a good look at the present state of Nigeria and you will come to realise that it is no longer news that there are no jobs to engage all the Nigerian graduates. The fact that you went to school and graduated with good grades is not a guarantee that you will get a job or become successful after school. Even if you do, chances are you will not be paid your real worth. You are also not in control of your time, destiny and the the way you live your life. You can be laid off anytime when you least expect and that will leave you stranded wondering what to do next.
It is risky leaving your destiny and financial future in the hands of an employer. Infact, it shouldn't be an option. Financial experts have come to a conclusion that the only way to secure your own future, is to start your own business.

WHY SHOULD YOU CHOOSE NETWORK MARKETING?
Robert Kiyosaki in his book Cash Flow Quadrant" states that there are four kinds of people; The Employee, The Small Business Owner, The Investor, and The Big Business Owner. Majority of the world's population are on the E quadrant living on paycheque because they are working for someone else. But if you seek true financial freedom, you have to move to the S (small business) I(investor) or B(business owner) sides. Starting a small business is good but the caveat is that your presence will always be required for your business to run effectively. You may also be required to do the job of different people, e.g you will be the manager, accountant, supervisor, head of operations etc and you don't enjoy LIVERAGE in any way. If for any reason you fall sick or you travelled out for 3 months, your business won't generate you any money when you are back. True financial freedom has to do with the fact that your business is making you money even while you are away and that's what you get when you are in the I and B quadrants.
Below are seven reasons why you need to start a network marketing business

1. FINANCIAL FREEDOM
"There is no true freedom without financial freedom"- Robert Kiyosaki. One of the main reasons you need to own a network marketing business is that it transits to financial freedom. True financial freedom means you being able to earn lots of cash without your presence been needed. However, in a job you are selling your time and expertise for money. What that means is that, when you stop working you stop making money. In a network marketing business, there are hundreds and thousands of customers that are already generating the income. You can even go on vacation and the money will still keep hitting your bank account.

2. BUILD YOUR FORTUNE, NOT SOMEONE ELSE'S
On your current job, who is making a living and who is building a fortune? That is a question you need to answer with all sincerity. The person who is building a fortune is whoever owns the asset because the asset is the business. This is where the control and wealth is. When you are working as an "employee" you are spending your 8 hours daily building an asset for someone else. You are paid just 5% of how much money you are generating for your employer in a month. You are earning a living while the business owner (your boss) is building a fortune. Let's take the case of a bank marketer for instance, he goes into the street in search of customers under the sun or in the rain and he generates billions of naira for the bank, only to be paid a tiny part of how much he makes for the bank as his take home pay. You can do this same job in your network marketing business and build a fortune.

3. GET FREE 5* HOLIDAYS, DRIVE A LUXURY CAR AND LIVE IN A LUXURY MANSION.
Can your present employer get you an all expense paid 5 nights vacation abroad?
Can your present employer reward you with a luxurious car for your hardwork ?
Can your present employer reward you with a mansion for your hardwork? The answer is a capital NO. Top network marketing companies rewards their members with these great incentives as appreciation for their hardwork. These incentives includes 5* all expense paid trips to foreign countries, luxury cars, mansions etc. If a network marketing business can pay for all these then what is the essence of saving up your salary for years just to aqcuire all these? No employer will reward you hansomely like a network marketing company will do.

4. CREATES A SYSTEM AND LIVERAGE
As an employee, you will never get this anywhere and it is one reason why you need to start a network marketing business. When you are an employee, you are selling your time and expertise for money. If you fall sick or stop working, you stop being paid. In network marketing, you earn income consistently on sales of products and services generated by your organisation, even when you may not need the money it will still be flowing into your bank account and without you been present. Successful millionaires understands this secret and they capitalise on it. Let's take the case of the riches black man in Africa for instance. Let's assume Dangote has 50,000 staff working for him globally. These 50,000 people are spending their TIME and ENERGY to generate income for Dangote everyday. They exchange that their TIME and ENERGY for a paycheck working 8hours daily. Let's do some analysis. 50,000 people working for 8 hours daily-this equals to 400,000 hours (approximately 45 years of work delivered to one man in a day), you now know why he is the richest man in Africa. Now, assume you want to work for 24hours non stop, it will take you 45 years to earn the same amount of income Dangote makes in a day. That is the power of LIVERAGE. You may want to ask, why will over 50,000 people work for Dangote? The answer is not far fetched, he has created a SYSTEM that these people can operate to earn him cash and this is the second secret of successful millionaires. With network marketing business, you can create a SYSTEM and LIVERAGE and have people in your organisation do the work for you while you keep earning even while you are sleeping and snoring or on vacation far away in Dubai.

5.TIME FREEDOM
A major disadvantage of a traditional business and the traditional 9 to 5 job is that of lack of time freedom. You sell your time in a job of 9 to 5 for a fixed income. You don't have the freedom to decide when to go to work or when to close. Your employer decides when you should be at work and when you go home. This is no way different from the traditional business model. While you may enjoy the benefits of being a boss of your own, there chances you will end up working longer than you would had you been an employee. You become a slave to your customers. On the other hand, network marketing removes these barriers. Like John Kalanch put it in his book, Being The Best You Can Be In MLM, he says..."No other support system of which I am aware...so completely honors the freedom and responsibility of the individual. From your very first day in Network Marketing you are free.
You choose with whom you want to work...
You choose when you want to work...
You choose where you work...
You choose your style of working: person-to-person, through the mail, over the phone, in small groups or huge gatherings of people. Every single aspect of your business is up to
you. It's your choice because it's your business."
Yes, with network marketing you have this freedom.

6. BECOME A MILLIONAIRE
Your present job cannot make you a millionaire. Infact, I have not seen any employee anywhere in the world become a millionaire by relying solely on his paid job. Research has shown that the network marketing industry makes more millionaires more than any other industry in the world. The Network Marketing Industry over 80 years has recorded the largest Self made Millionaires in less than 5 years. What job can you do that will give you such leverage. Think about this! But with a network marketing business, you can attain that millionaire status within a short while once you are focused with your business and determined.

7 SELF DEVELOPMENT
When you start a network marketing business, it gives you an ample opportunity to train yourself as a leader because you also have to train those you recruit into your business. You will realise that you will begin to read books and study about your business and self-development so as to be a better leader in other to carry those in your organisation along. When you sign up under a supportive upline, he/she will also begin to to give you tips on self-development and how to succeed in your business because they understand that your success is their success and this makes you a more better person. In network marketing, you can learn skills such as public speaking, mentoring, coaching and how to relate with people.

I hope you find value in the 7 reasons to start a network marketing business.

Please share

10 Things You Must Do Before Quitting Your Job To Start Your Company - Career

You have a dream but you need a checklist to achieve it.
So you've decided you're ready to take the plunge, quit your job, and get your own company up and running. You have an amazing ">business idea you are ready to launch. You're probably excited and nervous at the same time, which is perfectly understandable. If this is the case, you need to take a step back and remember that you simply can't walk into work tomorrow with your resignation letter.
Being impulsive could be a huge mistake so you need to create a list of the advantages and disadvantages you will face when quitting your job. If you decide it's still what you want to do, there are a few things you must put in place before you quit.
To help you get ready before your big day of freedom, I've highlighted 10 things you should do before quitting your job and starting your own company.
1. Do research.
Quitting your current job before getting your company off the ground may seem like the best option, but trust me, it's not. The best way for you to get the wheels rolling in a safe and profitable way is to grow your business while you are still employed. This will make your transition from an employee to an entrepreneur a little smoother.
You can't jump head first into building your new office block or warehouse if you haven't done your research. You need to know that you have a product or service that you know the ins and outs of, that is unique, and above all, that will sell.
Background research you need to do includes, but is not limited to:
Learning everything about your product or service
Knowing your audience and buyer personas
Researching your competitors
Finding the right teams
Knowing what your most profitable sales and marketing channels will be.
2. Create a business plan.
Once you've done your research, you need to put it on paper. Laying out a business plan before taking the plunge will be a key success driver. Your business plan will be something you will show to potential investors, partners, and other company stakeholders. It typically includes:
An overview
An executive summary
A company description
Your objectives, vision, and mission statement
Information about the market and industry into which you are entering
The strategy you are going to follow to enter the market
The team you will have
A marketing plan
An operational plan
A financial plan
An appendix with more detailed information
3. Outline Your Funding Options
Before looking at funding for your company, you need to have your own personal finances in check. If you quit with just a couple of hundred dollars in your pocket, with rent, insurance, and your phone bill to pay, you may find it difficult to focus your efforts on your new company.
In addition to planning your personal finances, you will need to have a plan for your startup. You'll typically have three options:
One or multiple investors
Your personal savings
A grant or award for your project
Either way, you need to plan in advance because if you can't get the capital to get started, your business will stagnate and you will be faced with very few options.
4. Create the structure for your business.
You need to have the structure for your startup in place before you can quit your job, specifically, your legal structure. There are various types of businesses entities you could become:
A corporation
A limited liability company
A partnership
Sole proprietorship
You need to consider:
The operational complexity
Liability
Taxes
Control
Capital
Licenses, permits and regulations
5. Leverage your resources.
Of course, you do not want to spend money if you can avoid it. You need to look at the resources that are currently available to you. For example, you may have a friend who is a web developer; they might be able to give you special rates and work for you on a need-to-know basis.
You should contact friends who have started their own business and ask them if they know a good accountant, marketing expert, and so on. Think about joining an online book club to learn more about entrepreneurship, try Read with Entrepreneurs by Cynthia Johnson.
Lastly, contracting all your experts could become expensive. Consider investing in online education for your team that will teach them skills, such as SEO, email marketing, and much more.
6. Leave on a good note.
Quitting your job without working your notice period, gossiping across the office, not completing your final assignments, and not training your replacement could be the worst decision of your life.
Of course, you are leaving to start your own venture, but you cannot be sure that tt will be a success or that your old company won't come in handy one day. Leave without burning any bridges amd you may be able to cash in a favor one day. Your old employer may even send clients your way knowing that you are a trustworthy businessperson.
7. Don't forget the smaller planning details.
As an entrepreneur, it's easy to become the type of person that can see the big picture. Unfortunately, if you don't focus on the small details, you won't be able to mold the perfect company. Planning is key, and little things such as choosing the right social media channels, keeping up to date with emails, or even remembering to file your taxes are vital to your success.
8. Choose your new office space.
When planning the day when you quit your job, many assume that they will work from home until their company is off the ground and they have a team backing them up. Although this could work in the short term, it's not a feasible option in the long run.
If you choose to work from home, you need to find a balance between your personal space and work space. Working in bed, on your computer, all day, every day will lead you towards an unhealthy lifestyle that could have a domino effect on the progress your startup makes.
9. Create a portfolio or resume.
You may think that owning your own company means you'll never have to create another resume in your life. Wrong! Bulking up your resume and/or portfolio is a key driver when building your new business because you will need to prove to your investors, teams, and even clients that you are worth their money.
10. Finally...
Remember that starting a new business is going to be more challenging than you imagined. You're going to have to make the planning process your full-time job before you even see an income. That said, with the tips outlined above, you could make it the best, most profitable adventure you've ever embarked on from both a professional and emotional point of view.
Source: https://gabrielatanbiyi.blogspot.com.ng/2017/06/10-things-you-must-do-before-quitting.html

FG seeks $5bn loan from World Bank to improve electricity

The Federal Government is seeking a loan of $5 billion from the World Bank Group to boost power availability in Nigeria.
The World Bank had in April stated that a delegation from Nigeria was in Washington DC to discuss assistance for the nation’s power sector, but did not disclose the details of the talks.
However, Punch reports that the Federal Government was actually seeking a loan of $5 billion for the power sector in order to boost electricity availability in the country.
Present at the April 25, 2017 meeting in Washington DC were the Minister for Power, Works and Housing,
Babatunde Fashola ; Minister of Finance,
However, investigation by our correspondent showed that the Federal Government was actually seeking a loan of $5bn to be channelled into the power sector in order to boost electricity availability in the country.
Present at the April 25, 2017 meeting in Washington DC were the Minister for Power, Works and Housing,
Babatunde Fashola ; Minister of Finance, Kemi Adeosun ; Chairman, Senate Committee on Power, Steel and Metallurgy, Senator Enyinnaya Abaribe ; and Chairman, House of Representatives Committee on Power,
Dan Asuquo.
At the end of the meeting, the Director of Operations at the Multilateral Investment Guarantee Agency, an arm of the World Bank Group, Sarvesh Suri , said a full range of instruments would be deployed to help the government mobilise investments directly from the private sector and through private sector guarantees.
The bank said addressing energy needs in Nigeria required investment from the public and private sectors, adding that working with the World Bank Group could help catalyse significant private investment in an environment that best assured successful delivery of increased power supply.

MLM vs. Pyramid Scheme know the difference



Fraudulent pyramid schemes — like Ponzi schemes — are illegal but often try to disguise themselves as MLM (multi-level marketing) programs. Traditional MLM programs are legal because there is a real product that is being sold through the channel.



Comparison chart

MLM versus Pyramid Scheme comparison chart
MLMPyramid Scheme
What is it?Marketing StrategyFraudulent scheme
SetupCommission is paid to distributors at multiple levels when product is sold.No real product is sold.
Promised compensationEnrollees are asked to pay money upfront in order to enroll. Participants in a MLM scheme make money from enrollment fees AND by selling products.Enrollees are asked to pay money upfront in order to enroll. Participants in a pyramid scheme make money primarily from enrollment fees rather than by selling products.
LegitimacyLegalIllegal
ProductMLM is usually used as a channel for selling tangible productsThere is no product except a fake investment



Contents: MLM vs Pyramid Scheme

  • 1 Definition of MLM and Pyramid schemes
  • 2 Setup
  • 3 Legitimacy
    • 3.1 Caution
  • 4 Compensation Plans and Models
    • 4.1 MLM Compensation Plans
    • 4.2 Pyramid scheme compensation models
  • 5 Examples
  • 6 References

Definition of MLM and Pyramid schemes

Multi-level Marketing (MLM) is a marketing strategy designed to promote their product by through distributors, offering multiple levels of compensation.
Pyramid schemes are, however, fraudulent schemes, disguising as an MLM strategy. The difference between a pyramid scheme and a lawful MLM program is that there is no real product that is sold in a pyramid scheme, and commissions are based only on the number of new individuals one introduces into the scheme.

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Setup

The main idea behind the MLM strategy is to promote maximum number of distributors for the product and exponentially increase the sales force. The promoters get commission on the sale of the product as well as compensation for sales their recruits make Thus, the compensation plan in multi-level marketing is structured such that commission is paid to individuals at multiple levels when a single sale is made and commission depends on the total volume of sales generated.
In the case of pyramid schemes, money is charged simply for enrolling other people into the scheme and no real product is actually sold. Only a few people (those who are involved in starting the scheme) make money, and when no new individuals can be recruited, the scheme fails and most of the promoters, except the top ones lose their money.

Legitimacy

The Federal trade Commission (FTC) has set guidelines that help consumers discern legitimate plans from illegal ones. The difference between MLM and pyramid schemes under these guidelines are as follows:

  • Sales of actual product or services to consumers, MLM offers products whereas Pyramid schemes do not
  • Commissions are paid on sale of products and not on enrolments; MLM has a hierarchical commission set up on the sales of products, whereas pyramid schemes are based solely on new enrolments.
  • Company buys back inventory from participants at the time of termination, pyramid schemes do not have any inventory.
Pyramid schemes quickly become unsustainable because there aren't enough people in the world to support it.

Caution

Regardless of legal status, it is very important to note that a lot of people have lost money participating in MLM companies. Even for MLM companies that are legal, the bulk of the profits (if any) come not from selling products but from recruiting other members. This was covered well in this segment of HBO's Last Week Tonight:

As reported in that segment, chances of success are remote and most distributors receive no commission from the MLM company. As an example, 93% of Nu Skin distributors received no commission in a given month.
Before joining a multi-level marketing company, you should try and meet former members/distributors and learn from their stories. The Internet is full of these stories and there are also support groups where people meet to warn other potential members.
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Compensation Plans and Models

MLM Compensation Plans

MLM strategy has different compensation plans which differ slightly based on how the commission is distributed among promoters. The plans include Unilevel, Stairstep Breakaway, Matrix, Binary and Hybrid plans.
The Unilevel model is the simplest one. The design is such that a person can recruit unlimited “frontline” distributors for the product. The frontline distributors are encouraged to recruit more distributors, and thus the cycle continues. Commissions are paid up to seven levels deep.
The Stairstep Breakaway model is designed to encourage individuals as well as group sales. In this model, a group leader is assigned with multiple recruits under them. The goal is to achieve as set of volume of sales in a set time. Once that it achieved, the distributors move to a higher commission level. This pattern continues up to a certain limit, after which the distributor breaks away and this pattern of commission ceases. From this point onwards, other commissions and incentives are provided to the representative.
Matrix models are similar to the first type, except that a limited number of distributors can be sponsored at any level, and once that preset number is reached, another matrix can be started.
Binary models allow only two distributors to be sponsor in the frontline, and if there are more sponsors, they spill over to the next level. So at any level, only two distributors are required to complete the compensation plan. Also, the compensation has to be balanced between the two distributors at any level, such that the volume of sales does not exceed a certain percentage of the distributor’s total sales.
Hybrid models, as the name suggests, combine any of the above mentioned compensation plans.

Pyramid scheme compensation models

The models include in the Pyramid Scheme include 8-ball model and Matrix scheme. In The 8-ball model each person has to recruit two people into the scheme. These people have to pay a sum to enter the scheme called a “gift sum”. The captain or the person at the top receives the gift money from 8 people before exiting the scheme. The remaining people move up the scheme, and this pattern continues as more people are recruited into the scheme.
Matrix scheme is also a pyramid scheme except that people are required to pay for a product in advance and wait in a queue in order to enter the scheme. When the recruited person further recruits a certain number of people, he or she receives a product like a camcorder or television that is worth much less than the money paid, and exits the scheme. This scheme collapses when no more people are willing to pay and join.

Examples

One of the recent examples of a pyramid scheme is Malaysian SwissCash. Examples of MLM companies include Amway, Mary Kay, Max International, Herbalife, Kyani, Le-vel, Nu Skin and Jusuru etc.

need a genuine MLM company to partner with? CLICK HERE 

References




7 Tips for Network Marketing Success

You probably have an image firmly planted in your mind of what network marketing (also known as direct sales or multilevel marketing) is all about--housewives buying and selling Tupperware while gossiping and eating finger sandwiches, or a high-pressure salesperson trying to convince you how easily you can become a millionaire if only you and your friends and their friends and so on would buy and sell vitamins with him.

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Both of these images couldn't be further from the reality of network marketing. It's neither a hobby nor a get-rich-scheme but an opportunity for you to earn money running your own part- or full-time business.

But what does it take to succeed in this industry? Vincent J. Kellsey, director of member services for the Direct Selling Women's Alliance, an organization that provides a variety of resources to women and men in the direct-selling industry, offers these tips for making it:
Choose wisely. There are six key elements you should be looking for [when selecting an opportunity].
Number one: stability. How old is the company?

Number two is excellent products or services that consumers will use and need more of.
Number three is the pay plan--how even and fair and generous overall is the distribution? This is really crucial as the pay plan represents exactly how you'll get paid--or not get paid.
There are really only two questions to ask [regarding this]: How many pennies out of each sales dollar get paid back to the distributors each month, and how fair is the distribution of these pennies between the old members and the new members?

Number four is the integrity of the company and the management. As much as possible, [investigate] the experience of the CEO, [their] experience in the network marketing industry, and their background. [Have] they been successful in other companies in the industry? Do they have a good reputation?
Number five is momentum and timing. Look at where the company's at, what's going on with the company, and if it's growing.

Number six is support, training and business systems. You may have [chosen] a great company with excellent management, products that make a difference, a pay plan that's uniquely fair and very generous, and momentum and stability, but if you don't have a system in place that works, all of that [doesn't matter].

Most companies will have a transferable training system that they use, and that's where mentorship comes in.
Practice what they teach. [To succeed,] you need to be willing to listen and learn from mentors. The way this industry is structured, it's in the best interests of the [MLM veterans in your company] to help you succeed, so they're willing to teach you the system. Whatever [your mentor] did to become successful, it's very duplicatible, but you have to be willing to listen and be taught and follow those systems.

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The higher-ups. It can be called various things, but the general term is the "upline," meaning the people above you.
How supportive are they? Do they call you? Do they help you put a plan in place? Are they as committed to your success as they are to their own? You should be able to relate to [the people in your upline] and be able to call them at any time to say "I need some help."
How much support there is from the people above you in the company is very important.
Take up the lead with your downline. There's a term in the network marketing industry called "orphans"--when somebody is brought in and then the person who brought them in is just so busy bringing in other people that they don't spend the time to teach and train [the new person].
You should be prepared to spend at least 30 days helping a new person come into the industry--training them, supporting them and holding their hand until they feel confident to be able to go off on their own. 

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You really need to ask yourself, are you willing to do that? Are you able to do that? This is really about long-term relationship building. It's not about just bringing people into the business and just moving forward. It's about working with these people and helping them to develop relationships.
On the net. People are utilizing [the internet] as their main marketing tool. [You can set up your site] with autoresponders so when you capture leads, the autoresponder can follow up with that person. One of the greatest keys to success in this industry is follow-up. Many people will have someone call them who's interested or they'll call the person and say they're interested, but then they don't follow up with it. Automation on the internet has allowed a much more consistent method of following up.

The only drawback with the internet is people who utilize it to spam. If there was one thing I could put forward to say, "Do not do" when utilizing the internet as a marketing tool, it's spamming because that can give a very bad reputation not only to you but also to the company you're working with.

Taking care of business. This is a business, and just like if you were running a franchise or a storefront, you [should have an] accountant. You have all the same write-offs tax-wise that you have with running a [full-time] business, so it's very important to [do your research] prior to getting involved, before you start making money from it. How is that going to affect you tax-wise? What are your write-offs?
It's important to set up a [support] team around you. I'd suggest seeking out lawyers who deal in network marketing, so they're very versed in all the laws and how that affects [your business.]. There are also accountants who specialize in dealing with homebased businesses specifically in the direct-selling industry.

Don't quit your day job...yet. Never leave your full-time position unless you're absolutely certain that the income that's coming in with this company is going to be there. [Be sure that] you've been with the company [for awhile] and that you know it's a stable company, and the income that you're earning is equal to or greater than the income you're earning from your job before quitting.