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If You Have a MLM Home Based Business This Will Scare Your Pants Off

BY: Ilka Flood | Category: Others | Submitted: 2010-11-27 16:29:56
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Article Summary: "If you think the MLM Home Based Business you are building is really yours you could be sadly mistaken. You could lose it anytime. Find out how to protect yourself and your business..."

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Think the MLM Home Based Business you are building is really yours? Think again?

Imagine this scenario...

For the past 10 plus years you have been steadily working on your MLM Home Based Business and from one day to another the company you represent decides to change the payplan. You are trying to keep your downline but you can't prevent people from leaving.The bottom is falling out of what you have been building for years. To top it all off, the company doesn't like your discontent, sees you as a risk and decides to put a hold on your commission check. Worse yet, decides to terminate you.

Think it couldn't happen to you? Think again!

Different scenario...

You just joined up with a new startup company and are on top of the world. It's just what you were looking for. You put a lot of time and effort in building your team. You've got everyone else excited to follow your example and then from one day to the next the company decides to no longer use the network marketing business model. You've reached the end of the road.

News Flash ...

You may have been told that you are your own boss building your own business, but if it's a MLM Home Based Business it couldn't be further from the truth.

Your business is owned by the company you represent and they can take it from you at any time and for any reason!

You are an independent contractor!

Nothing more. You don't really own your MLM Home Based Business. And if you don't play by the rules the company spelled out for you ....and may amend at its own sole discretion at any time... it's "Game Over".

Scared yet? You should be!

So how do you defend yourself?

Well, you start by reading your company's Terms of Service, sometimes also called Policies and Procedures or Distributor Agreement. Go through it with a fine-toothed comb and if there's anything in it you don't agree with, don't sign it.

Understand that you are an independent contractor of the company which will pay you commissions for selling their products or services as long as you are in good standing with and comply with their rules.

Although you are your own boss you don't own the MLM Home Based Business you are promoting.

Brand yourself not your company.

Build yourself up as an expert. Develop your strengths. Learn new skills become more marketable. Make a name for yourself in the industry. Network with leaders, shadow them and learn from them.

It's these skills that once learned you own and which you can take from company to company and build on. So brand yourself not the company you represent.

Invest your income.

Many top income earners in the industry invest their income from their MLM Home Based Business in other markets, like the real estate market for example. Investing your income is a very smart decision should something go wrong with your company. Tip: Always consult a trusted advisor to help you make intelligent investment decisions.

Yes, you are building a MLM Home Based Business, but the company you endorse owns it. They supply you with the product or service, they ship it, they have the overhead, etc. and they pay your commissions. You only do the marketing part.

So, don't be left in the cold if something should go wrong.

About Author / Additional Info:
To learn more about how you can have dramatic results in your MLM Home Based Business it's essential to start at the basics. Visit the following link to find out how top industry leaders generate an on-going stream of FREE MLM Leads for their business

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