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Multilevel marketing

Multilevel marketing

What is Network marketing?

Network marketing is a type of business opportunity that is very popular with people looking for part-time, flexible businesses. 

Network marketing, also known as multi-level marketing, is a business model which involves a pyramid structured network of people who sell a company’s products. The participants in this network are usually remunerated on a commission basis. That is, people in this network get commission every time they perform the specified task, like:

  • Make a sale of a product.
  • Their recruits make a sale of the product.

In simple words, this model involves a pyramid structure of non-salaried participants who get paid whenever they or a person below them in the pyramid makes a sale

Network marketing is a direct selling business model in which salespeople work independently promoting products or services. The salespeople or agents work independently. Whoever recruited them encourages them to recruit and train more agents. They then encourage the agents they recruited to do the same, and so on.

Network marketing programs feature a low upfront investment–usually only a few dollars for the purchase of a product sample kit and the opportunity to sell a product line directly to friends, family and other personal contacts. 

History of Network marketing

Network Marketing has been around for over 50 years. In 1934 California Vitamin Company came up with a concept of Multi Level Marketing. This company started out as a direct sales company signing up sales people that would use the product for their personal use and sell to it to their family and friends. In the process they would earn an extra $50 per month which was a substantial income at that time. Their friends and relatives not only liked the product but they started to realise that they could benefit financially themselves by buying the product at the wholesale price and in turn selling it to others.

In 1943, California Vitamins changed their name to Nutralite Corporation which implemented the first true Multi Level Marketing compensation plan. Everyone involved in the company got paid on multiple levels of sales made.

In 1949, Jay Van Andle and Richard Marvin DeVoss joined Nutralite Corporation as Members and for the next ten years the company grew and prospered. They regarded conventional sales jobs as unfair – being paid only once for the work that they did even when the company continued to make a profit from their labours for many years afterwards. They believed that they should be paid relative to the benefit the company continued to get from their original work. In 1959 Jay and Richard decided to go in a different direction and start their own Multi Level Company called Amway.

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In 1975, US consumer protection agency Federal Trade Commission decided to take Amway to court because they thought that Amway was involved in a Pyramid Scheme. A pyramid scheme is when you sell a system without a product. A number of different pyramid schemes sprang up with the advent of MLM.

Because Amway was the biggest MLM distribution company at the time, the Federal Trade Commission decided to make an example of them to prove that Amway was involved in an illegal business. For four years Amway fought in the courts to prove that MLM was a legitimate business finally winning the case in 1979. This paved the way for many more MLM companies to enter the industry.

In the early Eighties the Multi Level Marketing term was replaced by Network Marketing. Right now Network Marketing is poised to become a giant that will out grow any other form of conventional business. Currently it is the fastest growing method of distribution in the world and now you have a ground floor opportunity to grow your business and prosper in the years ahead.

Multi Level Marketing or Network Marketing as it is called world over happens to be a fast growing phenomenon. The fact that anyone, anywhere can become a distributor and earn income from building the network without having to sacrifice any other occupation or additional investment into this business makes it very attractive for people from all walks of life to attempt at joining the network. It is estimated that in US alone over 70 percent of the Direct Selling Revenues come from Network Marketing. Though no figures are available to confirm the revenue figures at national level, over 50 million people are estimated to be engaged in Multi Level Marketing all over the world.

Though there are a lot of criticisms and charges levied against this system and companies both by the industry watchers as well as the trade and Governments, the figures reveal that the concept has been successful in the growth of more businesses in recent years. The Direct Selling Association of US reported that about 25 % of its members were engaging in MLM channel of selling in the 1990s whereas by the year 2009, it was found that over 94% of the members had been practicing this method contributing to about 97% of the total Direct Sales.

How Network marketing work?

In Network Marketing, we have our initial start up costs anywhere from just a few dollars to several hundred dollars, where most network marketers fail is they feel that they don’t need a marketing budget for advertising, they don’t seek out the education required to succeed.

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Network marketing is based on word of mouth advertising which is the most effective form of advertising. Think about it when you go out, watch a great movie, you will go out and tell people about it.

Network marketing is known by a variety of names, including multilevel marketing, cellular marketing, affiliate marketing, consumer direct marketing, referral marketing, or home-based business franchising.

Companies that follow the network marketing model often create tiers of salespeople. That is, salespeople are encouraged to recruit their own networks of salespeople. The creators of a new tier (or “upline”) earn commission on their own sales and on sales made by the people in the tier they created (the “downline”). In time, a new tier can sprout yet another tier, which contributes more commission to the person in the top tier as well as the middle tier.

How MLM works

Advantages and disadvantages of Network marketing

Everything has its advantages and disadvantages, so is Network marketing, the following are lists of advantages and disadvantages of the network marketing business:

Pros of Network Marketing

  1. It is a way to share a product or service that people are truly passionate about.
  2. It can be an easy way to start a business opportunity.
  3. There is a chance to leverage your income through network marketing.
  4. Great Companies Will Provide Training and Marketing Material²
  5. It’s an Affordable Business to Start
  6. You Can Work at Your Own Pace

Cons of Network Marketing

  1. Most people don’t get rich through network marketing.
  2. It takes time to grow.
  3. There is a lot of rejection involved.
  4. There are many network marketing scam.
  5. Compensation Might Be Very Low.

How are promotional contents and promotional Media important in Network marketing?

Social media is quickly becoming one of the most important aspects of digital marketing, which provides incredible benefits that help reach millions of customers worldwide. And if you are not applying this profitable source, you are missing out an incredible marketing opportunity, as it makes it easy to spread the word about your product and mission.

The following are reasons why promotional media and promotional content important in the network marketing industry

  • Improved brand awareness
  • Cost-effective
  • Engage with your customers
  • Improved brand loyalty
  • Healthier customer satisfaction
  • Marketplace awareness
  • More brand authority
  • Increased traffic
  • Enhanced SEO rankings

We cannot deny the fact that Social media marketing has many advantages for startups and established brands. By regular updating the right social media marketing strategy, it will lead to increased traffic, better SEO, improved brand loyalty, healthier customer satisfaction and much more. Your competition is already increasing on social media day by day, so don’t let your competitors take your probable customers. The earlier you start, the faster you see the growth in your business.

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Frequently asked questions

1. Is Network marketing an illegal pyramid scheme?

Businesses that involve selling products to family and friends and recruiting other people to do the same are called multi-level marketing (MLM), network marketing, or direct marketing businesses. Some MLMs are illegal pyramid schemes. 

2. Is Network Marketing a Get-Rich-Quick-Scheme?

I can say  network marketing is a get-rich-quick-scheme when I compare it with our routine jobs and I can also say it is not when I compare it with other illegal schemes like Ponzi schemes and pyramid schemes. 

3. Is Network marketing easy?

The honest truth about network marketing is that IT IS NOT EASY. What keeps you grinding is the mindset in you, network marketing is very rewarding but requires a lot of hard work and consistency. 

4. Why do most network marketing fail?

Failure is a stepping stone to success’ – one of the most famous proverbs and it’s a truth! Many people consider failure as an opportunity. For MLM companies, failure statistics need to minimize. The goal of direct selling is positive and experts consider it an opportunity to extend product selling to a new horizon.

MLM companies need to follow laws, and many companies fail to follow them. It creates a scam and according to experts, it’s not failure but utilizing the industrial identity for their benefits. Failure applies to genuine direct selling companies that follow every guideline and fail to progress to the future.

Why do most Network marketing fail?

Failure is a stepping stone to success’ – one of the most famous proverbs and it’s a truth! Many people consider failure as an opportunity. For MLM companies, failure statistics need to minimize. The goal of direct selling is positive and experts consider it an opportunity to extend product selling to a new horizon.

MLM companies need to follow laws, and many companies fail to follow them. It creates a scam and according to experts, it’s not failure but utilizing the industrial identity for their benefits. Failure applies to genuine direct selling companies that follow every guideline and fail to progress to the future.

Conclusion

Network marketing is a really nice choice of business to venture into, it’s one of the businesses you can start with few dollars and become a millionaire. It has pros and cons as stated above, all you need is excellent education on it. 


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Metafi Yielders.com Review – Don’t join until you read this!

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Metafi Yielders.com Review

Is Metafiyielders.com a scam or the best that will make you an absolute fortune, let’s jump in and find out.

You are wanting to know if Metafi Yielders is a safe safe place to put your money or not. Let me give you a little bit of background, for four years now I’ve been involved in investing with stock market with private companies, with cryptocurrencies and so on.

Introduction

I’m not coming here from an affiliate perspective with Metafi Yielders. I’m coming here independently to give you some solid information that you can evaluate for yourself whether Metafi Yielders is a safe place to put your money.

If you are in a rush, jump through to the Red flag section using the table of content because I started with the soft warning flags first of all through to the seventh which is be a no-brainer for you to realize that Metafi Yielders is actually ponzi scheme and therefore a fraudulent scheme and the most likely scenario is that you are going to lose your entire money that you put into Metafi yielders.

What is Metafi Yielders?

Metafi Yielders is a cryptocurrency lending platform that you want to use to make money. Simply put, you deposit your cryptocurrency on the platform, choose a plan, and the company pays you a daily return of 1% to 3.3% on your investment.

Metafi Yielders website

“Profits Without Risk on the Crypto you Invest, stake, or transfer”.

“Investment team and a simple and secure platform to give you the most reliable returns on your investment.”

How does metafi Yielders work?

Metafi Yielders claim to pay investors from 1% to 3.3% every 30 business days. I claims to make you money by investing, staking and transferring, you are required to choose a plan and get started.

Metafi Yielders contact

Metafi Yielders provided the following contact details:

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Physical Office Address: 16 Jones Street, BLACKTOWN NSW 2148

Email: admin@metafiyielders.com

Facebook group: facebook.com/groups/metafiyielders

Discord group: discord.com/invite/9PsRuKaD8X

Telegram group: https://t.me/metafiyielders

Are these details true? Keep reading we will find out soonest.

Metafi Yielders Who.is Domain information

Metafi Yielders is registered on GoDaddy server, the domain was registered on the 16th of March, 2022 and it will expire on the 16th of March, 2027.

Metafi Yielders who.is details

The details of the domain registrar were hidden by DomainsByProxy.com.

Who is the owner of Metafi Yielders?

According to Metafi Yielders official youtube channel, the owner goes by the name Mr. Michael Daher. We will find out below.

7 Red flags of Metafi Yielders

Read this article carefully to educate yourself on how these scams work, I will run you through the seven warning signs (red flags) in Metafi Yielders that you should be aware of to keep your money safe.

Red flag 1

The first red flag we will look at is the video of the CEO below on an official Metafi Yielders Youtube video he stated at exactly 4:28 that Metafi Yielders has been working for 10 years.

Yet, their website metafiyielders.com was only registered on the 16th of March, 2022. This website is very new, either Michael is lying that they’ve not been doing it for 10 years or they decided that even with this incredible technology they wouldn’t bother registering a domain name until the 16th of March, 2022.

Red flag 2

Below is a youtube video where Mr. Michael is being interviewed and he explains that how many team members now have, again remember we’ve just seen that he said that they were going for 10 years and making potentially 3.3% per day on their yield farming, well if that is the case I guess you would expect to have quite a number of staff but let’s just see how many people they’ve got.

I’m shocked for real, did you just hear that? They are 7 people in the company including Mr. Michael.

Red flag 3

Look at where the actual hosting is located for the website, check the image below from hypestat.com.

Where is Metafi Yielders located

We asked where Metafi Yielders is located and it’s actually in Belize City, now this isn’t a massive red flag but it is still a warning sign because Belize is one of those areas of the world where it’s very difficult if regulators want to step in close down a website, tax elites also go there all sorts of problems so Belize is a warning sign.

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Any company that is hosting in Belize, there are some pretty strong reasons to why they’ve chosen that location and usually those reasons would tend suggest that perharps they are operating illegally or outside the law and that’s why they want to remain difficult to close down when they host in a country like Belize.

Red flag 4

We’ve seen a lot of Videos from Mr. Michael The CEO or the self-proclaimed CEO and we’ve seen a long-term resident of Western Australia and yet they’ve chosen the company as 16 Jonesstreet blacktown, new southwales 2138.

That is the address on the official company website, if we do a simple google search on that website address we would see that this actually is a residential address not something you would expect. The image below is a bungalow Chalet type building not the sort of address you would expect for a legitimate corporate company that is going to be handling hundreds of millions of funds in cryptocurrency.

Metafi Yielders physical address

That address is nowhere near Perth Australia, it’s actually over in Sydney Australia and that gap between Perth and Sydney is huge and makes no logical sense whatsoever.

Red flag 5

Another red flag is that Metafi Yielders is already being promoted by people who are known to have promoted lots of scams in the past, you can make a search on youtube and see for yourself, look at these promoters past videos.

Red flag 6

Red flag number 6 is a major redflag, there are financial regulators around the world who are there to protect the consumers from scams, they’re not registered to be regulated with the SEC. We can tell from the traffic they’re receiving to their website. They’re are attracting huge American audience and anyone who is offering a financial investment scheme which would be securities in America, they are very strong.

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The CEO Michael openly admited that they don’t have any regulations and they wouldn’t get it either even though it is clearly an investment scheme. We can all see clearly that this is a ponzi scheme and nothing more than that.

Red flag 7

This is a logical red flag, the interest which Metafi Yielders offer does not stack up at all, let’s go to a compound calculator and actually run through some numbers, numbers which are realistic according to Metafi Yielders. Check the image below.

Compound calculation for Metafi Yielders

You can do this yourself by visiting thecalculatorsite.com and I’ve said we are going to start with an initial balance of 3.50. Now, that’s actually less tha you can put in with Metafi Yielders but I’ve chosen this number just to demonstrate the ludicrousy of what is going on here. So, if you could start with just 3.50 dollars and you have a daily interest rate of 3.3% you could compound that for 36 months that’s just 3 years and remember Metaphy had said they’ve been going on for 10 years now.

The compund calculation for 3.50 initial investment for 36 months is $257,297,352,437.72. That’s insane. This is actually the networth for the richest man on earth.

Conclusion

Protect your money from scammers like these at all cost, find legitimate platforms and processes where you can make perfect chance of good returns of your money.

Average Trust score

  • FINANCIAL SECURITY: 1%
  • WEBSITE QUALITY: 30%
  • CUSTOMER SERVICE: 5%
  • SOCIAL STATUS: 1%

Average weighted score: 37%

CURRENT STATE: PARTIALLY PAYING

Is Metafi Yielders legit?

Metafi Yielders is not a legitimate platform, stay away from this poor scam, you have to be very careful with it.

Is Metafi Yielders a scam?

Due to the obvious Red flags, we’ve exposed in Metafi Yielders, we have no option but to conclude that it is a scam, do not invest in it.

Thank you for reading our honest review on Metafi Yielders, If you have any questions or comments, you can leave them below in the comment section.

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Top finance niches for Blogging & YouTube

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Top finance niches for Blogging & YouTube

Introduction

If you want to be a successful blogger this year or in the coming years, then the personal finance niche is one of the finest options. Most of us desire to blogging after hearing about it but we have a hard time deciding on the niche for our site.

Finance niche google search trend

We’ve all been told that starting a financial blog is a good idea because there is more money to be made in this field, but there’s a lot of competition in this industry.

The purpose of this post is to break down the finance niche into numerous evergreen financial sub-niches that will help you succeed by lowering the competition.

What is personal finance niche?

First of all, let’s discuss what is the personal finance niche, What is the finance niche? Niche means topic and the meaning of finance means is the area where you get knowledgeable content to solve each query related to the finance field, it can be textual or video content.

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Check: Top Crypto Niches for Blogging & Youtube

Best finance niches to work on

Now, let’s know the best niches to work on, so here’s a list of 16+ personal finance niche ideas to get you started.

1. Financial planning

2. Personal finance for beginners niche

3. Budgeting

4. Reducing debt or getting out of debt

5. Savings as a student

6. Retirement

7. Creating a new stream of income

8. Money management

9. Banking advice

10. Startup Ideas

11. Financial tools and how to use them

12. Surviving bankruptcy

13. Working within a budget

14. Investing

15. Jobs

16. Trading

Conclusion

You may simply establish a blog based on these sub-niches and cover all the questions relevant to your chosen micro-niche to make money with a blog.

Thank you for reading this article, kindly share.

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Minima Project Review and Incentives – The mobile blockchain

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Minima Project Review and Incentives

In this article we are going to look at the Minima project which is going to launch in the near future, we will look at the project functionality, how you can participate in it by running your own nodes, and of course receive tokens for this before the launch and we will look at the project’s future and what is about to come, so you get the information before everybody else does.

Table of Contents

What is Minima?

Minima is a blockchain protocol reimagined and re-engineered, Minima is mobile-native, it will have the ability to connect smartphones and IOT devices to create the largest most decentralized network possible, it is designed to be complete, scalable, quantum-secure, compact, and future proof fit for mass adoption.

Minima Website

Introduction

The beating heart of Minima is a new user-centric proof-of-work consensus that unlike any other proof-of-work blockchain has removed the need for centralized miners instead Minima uses a collective power of collaborating mobile phone users to provide the proof of work needed to secure the chain.

Every device on the network will run a complete node and share the work. Think of Minima as an army of ants working together compared to other proof-of-work blockchains which are like a few lumbering elephants. In fact, the protocol is small enough that a complete node can run in full on a mobile phone using a similar amount of energy as a regular messaging app making it more efficient and more sustainable than other proof-of-work blockchain protocols or legacy network solutions.

Minima is decentralization in the purest form giving equal power to all users rather than select few, it is a paradigm shift in blockchain and decentralized computing, whilst there have been attempts to create mobile hardware that supports blockchain technology until now there hasn’t been a blockchain designed for existing devices.

Minima is a protocol solution that will have the ability to integrate into applications on mobile and IOT devices, each device will be an equal participant in the network enabling a new world of decentralized mobile consensus that has never been seen before.

It is designed to be scalable and interoperable with layer 2 technology such as lightning and sidechains and will have the ability to run native tokens on the network put simply it will allow people across the world to create, build and access smart contracts decentralized applications and products across multiple use cases for e.g IOT, finance, utility content and the sharing economy having been in development since 2014.

Minima has recently undergone a full code audit by Swisscom blockchain AG achieving a 100% pass rate along with a successful test net run over three continents because the protocol is mobile native, the go-to-market strategy is to work with the mobile telecommunication industry to create a tokenized systems for data voice and SMS replacing their inefficient outdated systems.

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This allows mobile telecommunication companies to provide data access in new ways to better serve and attract customers, each mobile operator will be able to issue their own custom tokens on the Minima network and as Minima will run tokens natively on its blockchain every token transaction will work to support and secure the network.

The opportunity for Minima to run more complete nodes than any other blockchain would, making it the most decentralized and the most complete network in the world building the foundation for the next generation decentralized internet.

Protocol Layers

The way the blockchain of Minima is going to look like is that it’s going to consist of two layers, layer 1 which is called Minima, and layer 2 which will be called Maxima.

Minima is basically a layer 1 solution for the blockchain which will be extremely decentralized and secure but because of the high decentralization and security they will need to sacrifice the scalability so basically fast and cheap transactions this layer because of the blockchain trailer which we’re having right now it’s impossible to pick all three of the blockchain criteria because the technology is not just there yet.

Blockchain scalability trillemma

Basically, we’ve got scalability, we’ve got security, and decentralization as they say pick two you like the most. So, layer 1 blockchain of Minima is security and decentralization, so the blockchain is going to be really secured. The second layer on the other hand or the layer 2 maxima is going to be infinitely scalable really fast transactions and with free transactions also, for running smart contracts, Dapps on the Maxima platform and minima platform of course.

So basically, these two layers are going to be interconnected inside the blockchain and the blockchain will be highly distributed and decentralized, and secure with fast and free transactions.

Minima functionality

To understand how these two layers will be interconnected to each other and how they are going to work, we need to understand how the consensus is going to work. Let’s first start with the example of bitcoin and if we keep it really short then we can imagine bitcoin as a big distributed ledger, basically, there are a lot of nodes that validate the transactions which we’ve just seen and every node is keeping a record of the whole blockchain and every time somebody in the blockchain is making a transaction every node needs to record it and pass it over to the other nodes and basically every node needs to record it.

This is why the bitcoin blockchain weighs like tons of gigabytes, now it’s a lot of information because of the transactions. They don’t go anywhere they are just storing the information and the bitcoin blockchain is really slow because they need to exchange the data between all the validators and all the nodes.

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The way the Minima blockchain is going to work will be a little bit different, it will also use the proof-of-work consensus mechanism but combined with the proof-of-history consensus mechanism and this basically means the way it is going to work will be best seen, for e.g we want to make a transaction from our wallet into a different wallet and before we can send the transaction our device may be a mobile phone or maybe a PC needs to make a little bit of computational power so basically proof-of-work for the network and only after this we may send our transaction as a part of this proof-of-work or the energy that we used up will go into fueling their transaction on layer 2.

Sending our tokens to the other wallet, another part of the work is going to go the layer 1 for securing the whole blockchain and for finalizing the transaction in the finished layer 1 blockchain of the Minima. This type of consensus assures that every user at least every active user on the blockchain needs to make some proof-of-work over time, so the hash rate of the blockchain is distributed evenly between all the users and as we know or as we understand from the beginning of the article, the amount of the hash rate in the blockchain is not the most important thing, of course, it is important so there is no 51% attack but it’s also just equally as even not more important how this hash rate is distributed to 51% because if like 51% of the hash rate is allocated to one miner that’s not really secure.

The more the hash rate is distributed inside the blockchain the more it is decentralized and the higher the security. The best and the simple way to imagine how the minima blockchain is going to work is to imagine bitcoin where we’ve got like a book and the same copy of the book is being distributed between every node or every full validating node on the bitcoin network, with Minima we can imagine the same book but not every note has this book, every note has only one single page from this book and all other pages are distributed between the network.

How to get Minima Tokens?

This is the most interesting part of this article and below is the tokenomics for Minima project.

Minima Tokenomics document

A really important thing to note is that Minima token will not be used for paying for transactions just like ETH on the Ethereum blockchain, and it’s not going to be used for staking or anything similar. The whole value of the token is going to come from its decentralization and high security which will raise the demand for this token.

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There is going to be a fixed supply of 1 billion Minima tokens and at the launch, the Minima protocol is designed to be completely finished requiring no future hard fork. This basically a project which will be completely done once it is in the market and once the tokens are there and it will have no updates, no future hard fork just because it will really be hard to force a hard fork if 51% of the users do not agree to the hard fork.

The other important thing is that all the Minima tokens will be distributed to the users at the launch of the project and once the project launched we will only be able to get the token from the market basically just buying them off an exchange and below is how the tokens will be distributed as contained in the tokenomics document):

  • Development grants: 5%
  • Team & Advisors: 15.85%
  • Seed: 21.56%
  • Private A Round: 10%
  • Ecosystem: 1.59%
  • Community incentives: 30%
  • Public Sale: 16%

Link to download Minima Tokenomics document: https://docs.minima.global/minima_pdfs/Minima_Token_Economics_2022.pdf

How do I get involved?

Create your incentive account here. Use my invite code: HDCFTLDK

How many Rewards can I earn?

You will earn 1 x Minima reward each day. These rewards will be added to your balance daily. You can also earn rewards by finding bugs as a tester, participating in one of the test cycles. Let one of the team know in Discord if this is of interest.

What equipment do I need?

To participate, you will need an Android mobile, PC, Mac or Linux. Minima currently doesn’t run on iPhone/iOS, but this is on the future roadmap.

Minima contact details

The best way to learn more and ask questions is to join our community channels below:

Conclusion

All considering the blockchain itself, Minima is going to be a project and a blockchain with Maximal decentralization and also with really fast and free transactions also supporting smart contracts and decentralized applications while maintaining high security and again really high decentralization layer.

The projects is still in its early stage and its typical in all these blockchain projects and stories if we start participating in a blockchain and solve that early on like for example; half a year before its launched the rewards are pretty great at the end but we need to wait for a little bit time.

Notice: We put a lot of hard work and research before writing this article, if you must copy make sure you link back with a do-follow link.
You will be reported to DMCA and other relevant authorities if you copy this article and ignore to link back to the original source.

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