|A lot about MLM is a lot about stories.
Here’s a little exercise to stretch your brain.
Relationships no longer matter in banking.
What make this artice Fake News, by my definition, is that it looks like a real article about something newsworthy, but it really turns out to be an advertisement for something else.
It’s clever and effective when done well, and deceptive when done wrong.
After reading the article, here are the first five stories I can tell:
1) JP Morgan Chase is trying to disrupt discount online trading platforms with a “free for your first 100 trades product”.
2) JP Morgan Chase wants to announce to their 60 million customers and the world that they have a new product that will help them enter and trade more on the stock market to take advantage of historic stock market run. Their participation in MAGA.
3) JP Morgan Chase is trying to flood the market with a bunch of novice traders. These newbies invest lots of money. Expert traders can swindle them out of their funds “legally” with high speed trading they cannot compete against. The newbies will never know what hit them. (Helps bigger clients that pay bigger fees)
4) JP Morgan Chase realizes it’s easier to market a product to people you already have a relationship with.
5) JP morgan Chase is building a relationship with their customer so they like them more and stay.
I bet you can come with some stories of your own, too.
The point of the relationship stories is that MLM, banking, business in general, all seem to do better when they have a relationship with their customers. Real is better than fake. Not all of your Facebook friends are your real friends (just a reminder).
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MLM Companies are focused on developing MLM Customers as retail and preferred customers, which means Paying Customers. Customers are not part of the compensation plan, Distributors are. That’s a good thing. “Customers are good for business!” is a favorite quote of MLM Compliance Attorney Kevin Grimes.
If you are a network marketing distributor, you probably want to support the MLM industry whenever you can. When you buy a product from another MLM distributor from a separate network marketing company, you become a retail customer for that other MLM company.
If network marketing independent distributors ordered whatever they could in MLM from another MLMer, the retail customers this industry has would increase dramatically.
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Buy your MLM products here and tell your friends. Remember, supporting the industry is a good thing.
What’s the big deal about Network Marketing Retail customers? Because You Need Them, to grow your business.
Support the MLM Industry and do your part to he lp other companies with their MLM Retail Customers on the MLM Store on MLM.news
Peter Mingils offers Direct Sales and MLM training as part of his product line.
PM Marketing – NetworkLeads has been helping the Network Marketing Industry with sales training and motivation through live webinars, hundreds of archived calls, educational movies and live Radio shows.
This KISC movie is simple and effective in helping people stay on track.
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MLM.news is now another place for you to get your MLM News.
If you are not familiar, the .news domain name is now available.
Peter Mingils understands the MLM Industry needs a source for MLM and Network Marketing News… for current events as well as a bit of fun, education and inspiration.
Peter Mingils also hosts Building Fortunes Radio.
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