| Nov. 20 2006 at 5:02 PM |
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With the E-commerce we would have to be able to sustain a long term and effecient marketing plan. One option would be hooking up with something like Sam's Club and doing an email and mail campaign to all their customers nationally. I am shooting ideas. Pity wer don't have this all set, as I may have the chance to appear on an infomercial (I don't want to say too much, not to jinx it) early next year and could have plugged it for us, particularl,y a mall and including Organic, as well as Ayurvedic products.  We have pool of excellent talent and I am sure we will work out a model that is low risk, and high yield for everyone to benefit. Happy Turkey Day Everyone!!!Katherine Appello
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| Sep. 27 2007 at 1:08 AM |
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Hello,
I just wanted to comment on SuN's comments in Step 2 (Choosing A Business model) regarding MLM.
An MLM business that focuses on upline distributors selling / marketing products to downline distributors i
s by FTC (Federal Trade Commission) description a "PYRAMID SCHEME". And yes...PYRAMID MLM
business practices are 100% illegal.
SuN's description of "LEGITIMATE and LEGAL" MLM is incorrect. To get a "true and legal" understanding
of MLM one should rely on the opinion that was handed down in 1979 by the FTC regarding Amway Corp.
To date, this FTC decision is used by the FTC and State Attorney Generals in determining MLM legitimacy.
Edited by: Brian - Jul. 18 2008 at 2:37 PM
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| Oct. 26 2007 at 2:07 AM |
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This pertains to Multi-Level Marketing as a business model.
 I tend to disagree at some point on the notion that people at the top makes all the money and people at the bottom loses money.
Based on research 95% of the people that join an MLM company fails - that implies only 5% succeeds. There are alot of factors that attribute failure - just the same with other business models. For one, the person that invited him/her into the business has not fully comprehended network marketing as a business - and that it is a get rich slow business not an overnight success. That person was only there as a wholesale buyer not a business builder.
Some companies are just simply putting up hype which caused the failure - in another way to put it - the company is a good company but the distributors are putting up the hype. While some are just simply to defraud people to pyramid scams. This also to this because of people's greed of money through get rich quick schemes.
In some cases, networking marketing is not the best way of product/service distribution but in others it is the best way.
So, research is the best way to determine. 
In business with a burning passion, making people's life better - Health, Wealth and Happiness.
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| Apr. 09 2008 at 10:27 PM |
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MarriageConversationDoc wrote: Business model. I teach young entrepreneurs that your business model resides within. "You are your business model" takes them from the old school paradigm of thinking the answer is out there somewhere to committed diligent inner work.
Dr. Frueh,
I love that perspective. Someone else in this discussion said that their business plan and life plan (from Step 1) are essentially the same. That is how I want to live.
Thanks for your insight,
John
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| Apr. 13 2008 at 11:05 PM |
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I whole heartedly agree that any business model must begin with 'Who Are You?'. Many times people jump into things like MLM, Affiliate Marketing or something equally as challenging without first considering their own working style.
There's nothing wrong with the models, they just aren't the right models for everyone I tell every reader of my blog, usually more than some care to know - be honest about what you are willing and able to do before you waste time trying to make a bad business model fit.
Knowing your temperament, how much energy you can muster after a 3 hour commute and 8 to 10 hours on a job, family commitments, sleep and un-wind time is critical to deciding what kind of part-time business to start. There are a number of business models that can wipe a person out just trying to get out the gate!
My business plan was created After my life plan also and except for a few minor mis-steps, has grown to the point that the model is 'joined at the hip' to my life plan.
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