Monday, May 28, 2012
Residual Income - For The Love Of Money (Part 2)
Here's Part One of Residual Income - For The Love Of Money (Part One) Okay back to what happened to Rick in his new business. Well he waited a week for his check to come, and he was patient and waited another week. Now he decided to call the company to find out what happened and why he didn't get his check. This is when he found out that he would not get one yet.
They told him he had to wait until he reached the minimum payout amount or he could use what he had accumulated so far as payment on his monthly subscription. Rick thought to himself, everyone who joined him would have to do the same thing too. At his recommendation they all paid $50 too, he didn't realize it was a monthly subscription. Another thing he didn't understand was the 2x5 force matrix.
He did not know what that meant, so he needed to understand just what that meant in terms of how he would get compensated for his efforts. He focused his time on learning how a 2x5 matrix works and he learned about it and knew what he needed to do. He proceeded to educate his friends and others who joined him on what they had to do.
A month and a half has passed by, everything looked good to Rick. He and his business partners are getting customers that's purchasing and the only thing that's bothering him is "why hasn't he received a check yet?" He has been paying his monthly subscription but the company have not paid him anything. He's believes that he must have the minimum payout and nothing has come in the mail.
What he doesn't know is, he has to request payment.
The company has been taking his monthly subscription from his account, and he has a significant amount that's sitting there and he needs the money because his daughter has become sick and he has to pay the hospital bill that was left. Money is getting a little tight and people in his team are wondering when they are going to get paid. Rick hasn't been actively marketing his business for a month because he is helping his wife with taking care of their daughter.
Another month has passed and his daughter is getting better, so now he goes to look at his account from his business and he gets a message that his account don't exist. He immediately calls the company and they inform him that since he was inactive for over 60 days this is what happens. He asks them about the money that was in his account, they informed him that his money was gone because of him failing to keep his position active and staying qualified each month. They informed him that because of his inactivity in his business this resulted in him losing his money. You agreed to this when you signed up because it is in our policies and procedures.
Rick thought to himself "I had over $300 in that account. How can they do this?"
He told them that he would be talking with his lawyer about this. It's my money and I worked hard for it, and what about the people I got to join, what happened to them?
The company rep told him, they are still in the company and were placed under someone else.
Rick thinks "What will my team think of me? I'm no longer in the company because my daughter was sick and could not work like I wanted too. It's not fair to do this to me. It wasn't my fault my daughter got sick. Don't this person understand, why can't she help me. Why won't they pay me what's mine. I need that money now and it's gone."
Rick asks them to speak to someone with authority to make decisions about payment of his money that was in his account. The company rep informed him that it would not do any good because when he signed up, he had every opportunity to read the policies and procedures before joining. They asked him did he read them completely and understand what he read. He answered that he only read part of it.
They said I am sorry about your daughter being sick but their is nothing we can do, it is in the policies and procedures. It's all right there and the fact remains you agreed by signing, this is perfectly legal. Is there anything else I can help you with?
Rick said no and hung up feeling real sick now. What was he going to say to his wife, daughter and all the people that he got in. That night he couldn't sleep because of all that he had just learned. So he got up and went to read those policies and procedures. He found out everything was true and learned a whole lot more after reading them completely.
The lesson to this story is, always read your policies and procedures before joining any affiliate or network marketing program. It is your contract with the company and it is a legal and binding agreement, you will know if they have integrity and learn about the company's management experience.
What really amazes me about many people I meet on the internet is, they are so willing to believe the hype of a companies website and will not take the time to read their policies and procedures. This is very important for the success of any business opportunity that you are thinking about joining. If you don't understand the language that is in them, then I have the solution for you.
You see that book located to your right, click on it and get my FREE e-book about network marketing. What's in it?
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Mentor with a servant's heart
"Live and learn in the now"