I’m sure you’ve signed up for something and checked the little box that says you agree before they let you click that last button to proceed many times.
You’ll be amazed at what you find in your own Policies and Procedures, the legal contract between you and your MLM company.
In MLM / Network Marketing, that box you check usually says something like this, “I have read, understand and agree to the Terms of Agreement, the Policies and Procedures, and the Compensation Plan.”
Wow! You just agreed to a lot of stuff and if you are like most people, you didn’t even read it. You don’t even know what they are. Isn’t that interesting…
We read contracts and agreements everywhere else in our lives, so why don’t we read them before we sign up online?
If there is just one phrase or one word that you do not understand, DO NOT SIGN! This is not a hobby you are starting. This is a serious business and should be treated seriously.
If you were buying a business that cost you thousands of dollars, would you read the contract or maybe have an attorney read it? Of course you would. But you get into your little business for very little money so it isn’t necessary. Really?
Here is a Real example:
This is a major company, name changed to [company] to protect the criminals. What a deal.
10.3. AGREEMENT TERMINABLE AT WILL
You may terminate your relationship with [company] at any time by providing a signed written notice to [company]. [Company] may also terminate the relationship with you (including any partnerships, corporations or other entity) at any time by providing written notice. You or [company] are not required to have any reason, nor do you or [company] have to claim or prove any cause to terminate this relationship. If and when the relationship is terminated, you shall have no claim against [company] nor any right to claim or collect lost profits, lost opportunities or any other damages. Termination will result in the loss of all benefits as an [company] Independent Consultant.
Imagine that every phrase in the contract you signed can and will be used against you, because that is what will happen.
If you are thinking, “Oh! They wouldn’t do this to me.” Ask yourself, “Why did they put it in the P&P if they weren’t planning to use it?”
The good news is that there is help to keep you out of this situation.
To learn more about how to protect yourself, start with Success In Ten Steps by Michael Dlouhy. It will save you years of failure and frustration.
If you enjoyed this post, make sure you subscribe to my RSS feed!
Pillar #1. Company Management Experience with Integrity.
