Credibility is at stake everywhere. The financial crisis is hitting hard because there is a serious lack of confidence and trust in the system. What is a capital guarantee for if the guarantor could be bankrupt? Which corporation can we trust if even the big names like Lehman Brothers and Citibank can turn out to be so vulnerable? What about the likes of Bernard Madoff who could turn out to be a bag of lies? Or that letter of credit that cannot be honored? Or that milk powder which turned out to contain melamine?
When the pendulum is tilted too much to the one side, people will favor things that bring back the equilibrium. When credibility is at stake, you will see more things to restore credibility, and that in itself is an opportunity.
The core value of Network Marketing (or MLM) is credibility. It is through word-of-mouth or referrals. Why should I believe in what you say? ….because I know you, and I take you as one that I can trust. This connection is important.
Besides, network marketers are themselves “product of the product”. In other words, they are users of the products they promote. This adds credibility.
There is also an element of knowledge transfer in the process, or “intellectual distribution” as Paul Zane Pilzer put it. For instance, if you are looking for a multivitamin, you would likely get more relevant and in-depth information from the network marketing (MLM) connection than the salesperson over the selling counter. The value of enhanced knowledge means that the average consumers are better able to select the choice of product that fits their needs.
When a consumer is so happy about the product that he/she doesn’t mind spreading the words around, it could mean the start of a lucrative passive income business. But, that is another story.
Live Life, Junius.
p.s. With Christmas and the New Year just round the corner, my best wishes go to everyone of you and your family for a joyous and safe festive season, and a solid progress in 2009.
Filed under General, family, health, leisure, passive income, relations, self improvement, true wealth by .
This is going to be a key question when we face our choices of food everyday.
The incidences of the melamine contamination in milk powder, eggs, chicken feed, and wheat gluten remind us once again the kind of risk that general consumers like you and I are exposed to.
As the way goes, contamination seems an inevitable part of our modern day living. We kind of accept that vegetables would come with pesticides, the piece of meal on the table might contain some residues of hormones harmful to the body, and virtually all the processed food would have artificial things there including additives, and preservatives.
However, we never can imagine that things could be so sinister and disastrous when it comes to greed by even a few. Vegetables end up so much contaminated with heavy metal just because someone takes the easy way out using industrial waste/sewage for irrigation. What about fish farmers using contraceptive pills in their feed, or DDT used on vats of pickles to keep the bugs away, or opiates added in the soup to create an addiction by customers.
How relevant is the motto “buyer beware” these days!
Even health supplements are no exception. The incidence of cross contamination leading to the collapse of the public company, Pan Pharmaceuticals, in Australia in 2003 is still fresh in our minds.
When we come to choosing products like fish oil (Omega 3) as an example, it warrants to check out what really is free of heavy metal and organic contaminants. Most of the products on the shelves would not meet this criteria because they are only food standard GMP (Good Manufacturing Practices).
The world is like a toxic cradle. By becoming aware of the likely risks, and also staying away from these likely dangers would be the best policy.
Live Life, Junius.
p.s. by the time of this writing, it has been reported that the milk powder contamination has caused at least 4 deaths and over 13,000 children being hospitalized in China.
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