MLM Scams, Pyramids, Ponzi Schemes, Fads and Just Plain Bad Business Practices

I had a revealing conversation with a Network Engineer a few days ago. He tried to convince me of three things. First, he said he is an entrepreneur. It turned out that he is an employee who has never started a business. He’d traded his time (working for free) as a network administrator for a 1% equity interest in a startup that didn’t start. Second, he said he is an expert in networks, franchises and business ownership. Having never started or owned a successful traditional business, network or franchise, his ideas were at best uninformed opinions. He had no first hand knowledge and no expertise as an entrepreneur. He had lots of ideas but no facts. Third, he explained that he had data why networking doesn’t work. When I asked for the data and his sources, it turned out he had read up on franchising and assumed the industries were the same. An incorrect assumption.

 

Just because someone thought it or felt it doesn’t make it true. Just because someone has an idea or an opinion doesn’t make it true. Even if someone looks at ALL the REAL data (which most never do) certainly doesn’t mean their interpretation is correct, valid or not twisted by limiting beliefs and personal agendas.

 

I am always shocked at how poor most people’s discernment is. The first business I looked at, I did my “research”.  What a joke. I surveyed employees and self-employed people that had no success at leveraging good franchising systems and creating residual income. Today people “Google” something and wrongfully assume that what they read is true. Others read the opinions of people that failed at something and now have the time to write negative articles or blogs about the businesses they didn’t build or school they didn’t complete or job they were fired from. The questions to ask: Are they speaking the truth and or just spewing their own opinions? Defending a poor work ethic? Protecting an ego? Blaming others for an unwillingness to learn?

 

How sad it is that our society surveys the opinions of others who have no success in an area and, by doing so, limit their own futures by accepting the fears and doubts of others as reality.

 

Let’s get into reality.

– If you have the courage to lead and finish!

FADS:

Is it something everybody will have in the next 2-5 years? Is it based on a hero product? Weight Loss? Water Quality? A Limited Nutritional Line? Launching a new currency? Services the company doesn’t own the rights to? Something that will be in Costco in the next 5 years? A luxury that people stop buying in a bad economy?

 

POOR COMPANY PLANS:

– Crowd Funding?

– Let the Network do the advertising, then put the product in Retail stores and close the Network.

– The Owners create an IPO and sell the Network when it gets big enough.

– The Owners are underfunded or inexperienced and freak out & quit when it gets tough.

 

BAD MARKETING:

– Defame the competition?

– High Pressure Closes?

– Big Startup Costs?

– Buy in at Higher Levels?

 

WEAK COMPENSATION PLANS:

– Owners make the vast majority of profits?

– Signup Bonuses with little residual (very common).

– Super inflated pricing? (Captive Audience)

– Contract You have no say in? (They own you)

 

WRONG SUPPORT SYSTEMS – WHAT DO THEY TEACH?

– Sign people up on Your Mom’s credit card

– Hold a Spot to sell later

– Get Rich at home

– You don’t need to learn or grow

– Do it your way (don’t duplicate what works)

 

TRYING TO BUY TALENT – MASTER DISTRIBUTORS:

– People try to sell leads, sell their downline, sell a downline they lured away from someone else, get signing bonuses, or get a beneficial position. All things they didn’t earn (but will take credit for).

– Very few people have built a large team (1000 to 100,000 people) on their own efforts.

 

FRUIT CHECK: WHAT ARE YOUR RESULTS?

– If You have 1 Team chances are You didn’t do it (you’re not the leader)

– If You have 2 Teams You might have done it (you could be the leader)

– If You have 3 Big Teams, It’s YOU, You did it (You are a Leader)

 

AT THE END OF THE DAY YOU CAN WORK WITH NICE PEOPLE:

– That don’t finish – You lose.

– That can’t do math – You lose.

– That are weak under stress – You lose.

– That have poor discernment – You lose.

– That are ego driven – You lose.

– That see people as a benefit to themselves – You lose.

– That are Super Talented w/ a poor system – You still lose.

 

Many businesses have systems. That doesn’t mean the system works or creates a real residual income. “The E-Myth Revisited” by Michael Gerber is a great read on this issue. If you’re going the wrong direction, speeding up won’t help!

 

WITHOUT A DREAM, NO ONE STARTS.

WITHOUT COMMITMENT, NO ONE FINISHES!

 

THINGS THAT WORK: BEST PRACTICES

Is it based on something everyone can do?

Like Bonvera:

– “Eat, Drink, Shop – Make Money”

– “Retail & Refer others to do the same – Make More Money”

– “Leverage the XO System – Create a Residual Income”

– Market Pricing

– Transparent

– You Own Your Business

– A Field Elected, Field Run Board

– A Replacement Driven Leadership Training System

 

As in EVERY industry there are a few Good companies and 1 or 2 GREAT Companies!

Learn the differences, Discernment (Wisdom) is still the most important skill to always be developing.

 

Welcome to the Future of E-commerce!

Welcome to Bonvera powered by XO!

– Chris Mattis

You can’t do that!

You can’t do that. You’ll fail before you even open. It’s a scam. Banks won’t touch you. That won’t work. It’s laughable. Another MLM. It’ll never work. The #’s don’t add up. Just another pyramid scheme. No one has ever done that before. No one would join until everything is in place. There’s no margin. Shipping’s too high. You can’t compete w/ online malls. It’s too much of a moving target. Who’s going to back you? It would take at least 18 months. They won’t deal w/ you. Wrong timing. We’ll see. Big companies won’t agree to that. You’re too small. You can’t do partner stores. Why would people shop there.

And these were the nice things our doubters and haters said.
Bonvera in 4 & 1/2 months has lived up to every promise we’ve made. In our 1st 9 days we grossed more than Amazon’s 1st year. Registrations were so much higher than predicted we almost ran out of Phyzix. It took weeks to enter all the new associates at kickoff. So many attended events Extroda had to run extra tickets multiple times. We completed the 1st month north of 7 figures.
And we are only at the front end of a soft launch. Private label, everyday brands, Partner stores and Affiliates are being added regularly. The distribution center is in full swing. Our 1st Big Game (national event) was Electric. It was great to see so many vendors attending, people winning, belief in everyone’s eyes and leaders having so much fun.
Bonvera – The Compensated Marketplace
Eat, Drink, Shop, Refer, Profit
Build Marketshare
 – Customers & Associates
Now it begins!
The Gold Rush is on!
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For information about shopping on Bonvera watch on Vimeo and goto Bonvera
To inquire about becoming an Associate email or direct msg: Twitter  FB  LinkedIn

Comp Plan Reaches New Heights

Some comp plans are designed for the people at the bottom. Other comp plans are designed for the people at the top. Still others for people in the middle. Bonvera’s comp plan is designed for the performer. We pay the people that do the work.

Have you ever had a job where you outwork to your coworkers and still got paid less? Have you ever given something you’re very best and still not gotten a result? Have you ever built something only to have someone else take credit for it?

At Bonvera we will recognize, celebrate and pay you for your efforts. You do the work, you get the reward. You build more profitable business you get paid more than those that would be for you. More successful you are, the more secure the company is. We want you to win.

We will help you every step of the way.

The first way we do this, is to help you fund your business. The first order bonus is the fastest way to cover the expense of starting a business. If you sign up for the first order pack, $199.95, which includes one case of each of the energy drinks and a half case of each of the protein bars, we rebate your registration Kit. You have also qualified for a first order bonus on everyone you register with a first order pack. That’s an extra $50 per first-order pack registration on top of your normal commission. This allows someone new to register four associates with first-order packs and recoup the cost of their first order pack. Imagine registering 20 people with the first-order pack and getting 1000 extra dollars in your check that month?

Now you’re an associate in Bonvera with samples to create retail profit. It’s the lowest cost most effective way to get started. Now time to get permanently profitable. Put those Phyzix energy drinks on ice and go share them with potential customers. Every customer of a tier one product you can earn as much as 20% on their purchases. For those that register as “Smart Shoppers”, just $19.95 per year, you can earn up to 15% of their purchases. Both of which can take advantage of Bonvera replenishment programs. Creating for you a residual source of income from their repeat shopping.

Now you have funded your business and are ready to begin creating marketshare. Welcome to Bonvera, The “Compensated Marketplace“!

The Meaning of Bonvera

Bonvera means “Good Faith”
The Latin Roots are:
Bon – Good or Well
Vera – Faith or True

Bonvera was chosen because of its meaning. Because of what it represents to the world. A good and true opportunity. Not a guarantee of success, there is no such thing. But a truly even playing field, a real chance for a person to create something.

Bonvera represents the best principles and practices combined into one business. It is a Compensated Marketplace where you are rewarded for the work you do. You are on an even footing, even with those who have gone before you. Bonvera is a commitment to the future.

Welcome to Your Future.
Welcome to Bonvera.

A new kind of business – A Compensated Marketplace

Imagine having a chance to build market share on line for You and Your family.
Imagine turning household expenses into income.
Imagine being able to make your biggest liabilities Assets.

Bonvera is doing that for the average person – Today!

We are Disrupting Commerce as the world knows it.
Win – Win – Win
Our Suppliers gain Loyal Customers
Your Customers save Time and Money
You create Market Share and long term Income

Bonvera combines a vast online marketplace with motivated supply partners and systemized business ownership to the general public.

Customers enjoy convenience and time savings.
Smart Shoppers purchase at below market prices on exclusives, saving time, and money.
Associates can create marketshare, making time and money.

People join because they want more choices. We want to remove time and money as an issue in our lives. We want the option to create our futures on our terms. We want Freedom.

Bonvera.com

Saving People Time and Money
Making People Time and Money

#BonveraRocks

The Unicorn

Every culture has an ideal, a set of hopes for the future. Sometimes those ideals have been turned into myths, other times they are relayed through parables to teach from. But on that rare occasion, they are actual, attainable goals to strive to become.

The world of commerce is no different in its pursuit of ideals, a place where synergy between supplier, vendor and customer creates a perfect storm of Win – Win – Win. In every world there are doubters, who can’t see the future, but love it when it arrives. Others begrudge anything new or that they didn’t invent. They don’t want the future and refuse to enjoy the gifts that it brings. But a rare few see the future before them with almost a sixth sense, knowing what’s right about it. They are people that run to it and ring it in to make life better for all.

Are You the kind of person that looks at the future and says:
How can that work?
or
That can’t work.
or
What if it does work?

“What if it does work?” are the kind of people that create their future. And What if it does work companies improve the lives of everyone in their communities. These kind of people and this kind of company have converged today to create a Unicorn in the world of commerce.

~ save people time and money ~ bands you love ~ names you trust ~ convenience ~ anyway money ~ creates a framework to build a business ~ profits and recognition to those that do the work ~ ability to create a legacy for your family ~ build long term market share ~ loyal customers ~ real partnerships with suppliers ~ turning expenses into incomes ~ turning liabilities into assets ~ create time and money ~ seeks input and improvement from the field, suppliers and customers ~ the leadership earns their living in the field ~ board run ~ no majority share holders
– to name a few

This Unicorn is called a “Compensated Marketplace”

A marketplace where ownership is as easy as changing where you shop. Where taking money you already spend; can create a long term, ongoing income for you and your family. Where manufacturers and vendors seek your business and partner with you. Either as an associate to help you build marketshare and income. Or as a customer looking for quality shipped to your door at great pricing.

This Unicorn is Real. This Unicorn in Now. This Unicorn is named – Bonvera

Using Pain to Focus and Improve

My Mentor, Tim Marks, says “Pain is weakness leaving the body.”   When I was twelve I rode one morning on my bike down my street, wearing only shorts.   It was a warm southern california summer day and I in my joy rode without my hands on the handle bars.   You can guess what’s next, I hit a rock and fell end over end, skidding 20 plus feet.   Skinned up, bleeding and out of breath I arose and walked home.   I sat unmoving at home for five hours, in pain and thinking until my mom came home.   It was the first time I remember pain focusing my thinking.   It was not the last.

Fast forward a few decades to, one of my daughters is out of control.   I am in more pain, emotionally, than ever before and I know it’s my fault.   I had a choice, ignore it and hope someday she would figure it out.   Or do something about it and give her a chance to have a life.   Or do whatever it takes to change and help her have a life now!   Thanks to the influence of a Tim Marks and the books and scriptures he led me to, I was able to take courage, face my doing, and change with prayer, study and accountability.

 

Today that daughter is a beautiful, kind, self sufficient young lady and I couldn’t be prouder of who she has chosen to be.   Going through pain isn’t fun, even though The Bible says “take joy in your long suffering”, it still hurts.   If we can remember God is really Sovereign life is a lot easier because the outcome longterm will be good.   This verse has helped me many times, I hope it brings you peace too.

“And after you have suffered a little while, the God of all grace, who has called you to his eternal glory in Christ, will himself restore, confirm, strengthen, and establish you.” – ‭‭1 Peter‬ ‭5:10‬ ‭ESV‬

Whatever circumstances you’re in, remember they are only temporary and God plans good for you not harm.   So lean into Him, pray, read, get counsel, reframe, get better and overcome.

Focus there is more to see. – Chris Mattis<><