This post is by Bruce Bates, President of The Marketer’s Cooperative.
Referral Bank is a concept I have been playing for awhile. It’s similar to the website referral key. Except that we operate in a Skype room. The idea is this:
Everyone wants to get referrals for their programs. And the best people to register are other business builders. That how MLM Recruit on Demand came about.
But you know what is better than inviting another networker to look at your business? Calling him up to join his… assuming he wants to do a fair and equal swap with you and your biz!
That Referral Bank. It’s called a bank because you build up your trust based on how long you have been in and how many swaps you have done successfully.
If you are not familiar with “The Secret”, it’s a modern redaction of the ancient Law of Attraction. I like the way Andreas Buttler, founder of Spiritologie puts it:
“All – and by that I mean actually just that, namely all – that you perceive and experience is exactly that, which you out of yourself, through your own causal thinking create, and indeed right…now!”
So when I see the Law of Attraction, I cannot forget my studies in Theravada Buddhism.
The first problem with the Law of Attraction is it presumes there is a You. The final realization in Buddhism is annicca, or no-self.
The second problem with the law of attraction is the that your thoughts and feelings create your reality. Well, most people are not conscious of what they are thinking subconsciously. And feelings of any sort show that you have fallen down the 12-dependant links of Origination into the Like-Dislike process.
Anyway, I sought sources far wiser than I to further confirm my suspicion and they had some excellent things to say.
Luonnon 1 point
The secret is that there is no secret.
It’s about knowing what you want,
setting a plan of action and following
This little gem came from Chris McLaughlin’s AIOP Team Build.
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The power of All in One Profits. All you need to do is make 1 sale per month for a year. And as long as your team-mates do the same, you are set.
|Month||Sales Made By You and Your Team of Payliners||Paylines||Residual|
|Month 1||You Make Your First Personal Sale and Start a Payline||1 Payline||You Earn $10|
|Month 2||You Make 1 Sale, pass it up, and Your Payliner Passes Up 1 Qualifying Sale||2 Paylines||You Earn $20|
|Month 3||You Make 1 Sale, and Your 2 Payliners Passes Up A Qualifying Sale||5 Paylines||You Earn $40|
|Month 4||You Make 1 Sale, pass it up and Your 5 Payliners Pass Up 1 Qualifying Sale||10 Paylines||You Earn $100|
|Month 5||You Make 1 Sale, and Your 10 Payliners Pass Up 1 Qualifying Sale||21 Paylines||You Earn $210|
|Month 6||You Make 1 Sale, pass it up, and Your 21 Payliners Pass Up 1 Qualifying Sale||42 Paylines||You Earn $420|
|Month 7||You Make 1 Sale, and Your 42 Payliners Pass Up 1 Qualifying Sale||85 Paylines||You Earn $850|
|Month 8||You Make 1 Sale, pass it up, and Your 85 Payliners Pass Up 1 Qualifying Sale||171 Paylines||You Earn $1,710|
|Month 9||You Make 1 Sale, and Your 171 Payliners Pass Up 1 Qualifying Sale||343 Paylines||You Earn $3,430|
|Month 10||You Make 1 Sale, pass it up, and Your 343 Payliners Pass Up 1 Qualifying Sale||686 Paylines||You Earn $6,860|
|Month 11||You Make 1 Sale, and Your 686 Payliners Pass Up 1 Qualifying Sale||1,372 Paylines||You Earn $13,720|
|Month 12||Do nothing but enjoy your residual income||1,372 Paylines||You Earn $13,720|
|Residual Income After 1 year
(ignoring the fact that you get multiple pass-ups)
- EvoBinary – automated forex trading service producing 27% monthly gains with documented track records. English Business Presentation – also has a powerful binary MLM – performance results and other info
- Recyclix – 14% profit every 5 weeks – enter F0C8-8D65-324A as your “Master” (a better word would be sponsor IMHO).
- SignalPush –
- All in One Profits – suite of internet marketing tools for affordable price.
- CreditCardRental – 10% referral fee and earn 55 – 100 every 60 days on each person you add to your credit cards (normally 2 people)
- The Billon Coin, CoinLeaders and any of the cryptocurrencies whose price only goes up
- ADSactly – a cooperative you need to be in so that you can hear what our members are up to and so they can hear what you are up to.
- Whole World Foundation – help a charitable foundation and help yourself as well.
- Guaranteed Solo Mails
- The Downliner
- Leads Leap – awesome traffic source.
- MLM Recruit on Demand – unlimited leads for only $15 or $115 or $100/month (depending on what you want in terms of prospecting, presenting and follow-up)
This is coming from a person who made RC. let’s keep it simple. First you dont get paid on consultants in the first level (MC – marketing consultant). You could have tons of consultants sponsoring tons of consultants and you would earn NOTHING on them, just because Ambit decided that you shouldnt be paid on them.
Next, the people above you get paid more on your business than you do. Consumer choice marketing got that one right and Ambit didnt.
Finally, I will let this ridiculous email directly from Ambit say the rest. I thought a network marketing business was about building walkaway residual income. Well not with Ambit!
Action Required on Your Ambit Business
Dear Terrence Brannon,
We’re glad to have you as an Ambit Energy Independent Consultant. We’ve noticed, however, you haven’t enrolled a new Customer or sponsored a new Consultant for a while. As stated in Section 10.2 of the Ambit Policies & Procedures document:
We show that you still have 15 days to maintain your active status. If you have any questions, please reach out to your upline, or call Ambit Energy Consultant Support at (877) 302-6248 Monday – Friday, 8:00 a.m. – 8:00 p.m., or Saturday, 10:00 a.m. – 5:00 p.m. CT.
The Ambit Consultant Support Team
iMarketsLive has one outstanding pro: the CEO is right in the trenches with you and directly available. That being said, having sampled the 3 products of iMarketsLive (live trading room, harmonic scanner and signals), I think they are all good products. However, with the breakup of membership in IML between marketers and customers, I think you would agree that many customers (such as myself) only want the signals. I personally cannot justify paying for services I cannot use. I wrote to support requesting that we be able to purchase trading services on a per-trader basis. They logged the feedback, but of course nothing will change immediately. Because you can only follow 2 traders, I am effectively spending $75.00 per trader. I can find traders for $20 to $50 per trader with stronger records here: