There are some downsides to be exposed. A necessary evil
The risks and the opportunities
I want to discuss the backside of the medal of being an affiliate marketer. You work towards to build a name for yourself. You work for building a reputable business and a brand.
To do this you need to expose yourself self as a person. How much is of course up to you. Just your first name, a picture of yourself and details of your business is perfectly fine.
But either you have quite few details of yourself, there are chances of people getting more information of you which you might not want to share, or give out to everyone. Like your phone number.
You have a good friend on your Facebook page, the kind of you go out with on a Friday night for a couple of beers. Chances is he, or she has your phone number.
Time goes by and you have shared your well written content from your website at Twitter, Instagram, snapchat, Facebook and whatever.
The Wolf pack is lurking in the shadows
Your friend takes notes of how thorough your work is. He or she notices how much work you have put into it. But you don't know that your friend is part of a MLM business or a pyramid scheme business. And referring you to the mix. Your friend aren't even aware of it.
Your friend then tells you that there will be a meeting the next day with both of you and someone who have a good proposal for you.
Before I go further into my point....
What is MLM and what's a pyramid scheme? What's the difference? how does it work?
Multi level marketing, or MLM, is a form of direct sales home business in which independent representatives sell products or services from a company to an end consumer.
The multi-level aspect refers to each representative's ability to recruit and train other representatives to start their own business, and earn a commission on their reps' sales.
Income earned in MLM comes from the commission earned on personal sales, as well as a percentage of the sales earned by other reps recruited by you.
Unfortunately, not every multilevel marketing opportunity is a legitimate business opportunity.
Many pyramid schemes, frauds designed to part the unwary from their money, are disguised.
Like multilevel marketing, pyramid schemes depend on recruiting people to become distributors of a product or service.
The pyramid scheme offers the opportunity to make money by signing up more recruits and by accomplishing certain levels of achievement.
MLM is legal and pyramid schemes aren't.
But it can be very difficult for the person looking for a business opportunity to tell the difference between a legitimate MLM opportunity and a pyramid scheme at a glance.
The big difference between MLM and a pyramid scheme is in the way the business operates.
The entire purpose of a pyramid scheme is to get your money and then use you to recruit other distributors.
The entire purpose of MLM is to move product. The theory behind MLM is that the larger the network of distributors, the more product the business will be able to sell.
Attention! Scheme alert!
Now that we have sorted that out, let's go. After you have the phone call meeting with your friend and the person who calls himself mentor of your friend, your alarm bells go high wire.
They want you to invest x amount of money so you can make y amount of money by referrals. There are no clear answers to what products or service involved. Other than planning to make money through some services that could benefit you. In time.
Then you have to convince your friend there are better options out there to learn how to make money online. Like Wealthy Affiliate of course.
The reason I want to make this blog is that it happened to me today. The marketer involved are/was part of WA. I contacted Kyle soon as I found out the marketer showed up after a search at the search bar.
As this isn't enough, I blocked 2 users at Instagram who got in touch with me and tried to get me into forex trading. I was alarmed when they said "their forex business"
This is the downside of exposing yourself or your business. Just be careful and don't get lured into any scheme. It can ruin your personal life and your business.
This is actually a good thing!
Is there anything positive sides of this? Actually there is!
It shows that people actually takes notices of you and your business. And you can turn those into referrals! Sharing in social media works.