Guru Shmuru
The following is a piece from my new blog. This stand alone page was created because this issue needs some serious attention. A lot of so called gurus are getting away with some pretty shady dealings. Time to pull back the curtain on these dirty deeds.
If you have been around the internet marketing world for any length of time, you have surely seen tons of so called ?gurus? with various programs they promote. After time, you can start to see right through these shams.
If you have been around the internet marketing world for any length of time, you have surely seen tons of so called ?gurus? with various programs they promote. After time, you can start to see right through these shams.
Let me elaborate with an example.
When
I was first starting out, I saw a splash page on a traffic exchange
with a video of a guy talking about how simple it was to start making
money on the internet. He spoke of a system he had developed that would
get you started making money in less than 30 minutes. It all sounded
really good, and being the newbie that I was, I signed up.
The program consisted of several components. There was a link to join a well known revenue sharing social media site, an auto responder, training program, lead CO-OP,
and a place where you can view your sponsor?s primary business and
either join or enter another business of your choice. Each of these was
intended to be a separate income stream. To make life easier for the
newbie, a splash page is provided. All I had to do was post my link on
several traffic exchanges and start pulling in referrals.
I did this, and the referrals started coming in. Slowly at first, but then things picked up fairly quickly. Before I knew it, I had quite a few referrals. YEA ME! Not really. What I found was, about 1 in 15 referrals would
actually take the next step, after entering their email address, and
actually register for anything. Of those, even fewer ever showed any
activity. In short, 1 in about every 50 referrals who filled in the opt-in form would actually try to build anything.
When
you are promoting something, and building your list, keep this in mind.
Many who opt in are only tire kickers. If you work at building a
relationship with these people, in time, they may see the value in what
you are doing.
The
biggest problem with this system was the total lack of support. The
idea as that you would not have to do anything for your people, they
could learn everything from the website. Network Marketing is a people business.
To get training in this program you had to pay a fairly steep monthly
subscription. Of course, you are supposed to be able to make more money
off this training when the people you recruit sign up. I have a real
problem with training that someone is making money simply by providing
it to me. There are more agendas at work there, and credibility takes a
hit when that happens.
The
real kicker came later. I came across something that sounded very
similar. When I investigated, I learned it was the same guy who was
promoting the exact same system with a different name and different
graphics. Apparently the first one had pretty well played out, so he had
to develop a whole new wrapper and repackage the same old program.
Since then I know of at least two other times the same person has done
this. Yes, that makes 4 different versions of the exact same program
floating around out there under different names.
One more thing to point out in this example is the lead CO-OP. To put it bluntly, buying leads is a scam. For one, it is not duplicatable. Many people on your team will not be able to afford it. What's worse is how these leads are generated. Typically, these so called "targeted leads" are gathered through less than reputable means. There are 2 main ways these lists are developed.
Number
1 is from MLM companies that fail. Over 90% of MLM companies never make
it 4 years. When they close, the only real asset they have is their
distributor list. These get sold to leads companies and now the people on the list are being bombarded by offers from people who bought that list.
The
other method is more devious. What happens is, a new company will come
along. They will start heavily promoting their pre-launch phase. Often
times they offer a big incentive such as being able to join for free
only during the pre-launch. Lots of people register and start promoting
the program and it grows virally. The devious part is, the owners have
no intention of actually running a company. In this instance, just
before the launch date, this "company" will release some sort of
statement claiming difficulties and stating the they are closing. This
is if you are lucky. Many simply disappear without a trace. The owners
then sell the list of everyone who registered to a company who will turn
around and sell them to individuals as "targeted leads". Don't laugh, I have seen it happen.
This
leads me to my final point. You see a similar phenomenon taking place
frequently in the internet marketing world. Some ?guru? released his
latest eBook. It?s usually free to download it, but if you want
re-branding rights it will cost you a monthly subscription fee. These
books are loaded full of affiliate links. Again, if someone is trying to
share knowledge, but has to fill the book with affiliate links to make a
buck off sharing it, what is he really trying to do? More often than
not the information is not the main focus. They hope to get as many
people signed up and paying for those re-branding rights as possible so
that they will go out and recruit even more people to do the same thing.
The problem is, these things play out really quickly. You will see them
promoted all over the internet for a few weeks to a couple months, and
then nothing. It dries up completely. So, what does the ?guru? do next?
Well, he already has his next eBook almost ready for release. The cycle
starts over and now this new book is the next ?BIGGEST THING TO HIT THE
INTERNET? or however they hype it.
If
you have seen this too, and are looking for something different, check
out the Mentoring page. While you are there, click on the eBook
download. This is a different kind of eBook. You will not find a single
affiliate link in it. Only solid information on what is working in
network marketing TODAY! After reading the book, you will have the
opportunity to get plugged into a system, totally free, where you will
have access to training calls 5 nights a week.
Now THAT is a breath of fresh air.
If you are just finding this site through this page, click over to the home page and check out our BIG mlm Tip of the Day.
See you around,
Bill
That concludes the original piece. If you would like more info on this or other topics, please visit my blog at http://billsbigmlmblog.blogspot.com/. This blog provides daily tips for growing your business as well as some tools and resources to assist you along the way.
If you are just finding this site through this page, click over to the home page and check out our BIG mlm Tip of the Day.
See you around,
Bill
That concludes the original piece. If you would like more info on this or other topics, please visit my blog at http://billsbigmlmblog.blogspot.com/. This blog provides daily tips for growing your business as well as some tools and resources to assist you along the way.
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Comments (2)
Neville Dinning10
Independent Consultant
A very thought provoking piece Bill. I will have to go through and re-read it to get the full meaning of the post, and like Corey I have added myself to the followers of your blog.
The whole issue of branding and re-branding is something that I am working through right now, so your article is very timely.
Corey Blackmur8
Blackmur Global
Hello Bill; what a loaded article (not saying this is a bad thing), a lot of information in a short piece. I feel like I want to comment here - But it would be on several issues you list, so instead I am following you on your blog, although in saying that, I am already a follower of "mentoringforfree", but I am interested in following along on your posts.
I issued my email address to follow your ezine posts as well.
Looking forward to the information you'll put out.