About 3 months ago, my Dad asked me to attend a multi-level marketing seminar involving Voice Over Internet Protocol (V.O.I.P) products. He asked me to attend the seminar in his behalf because he had another meeting and because he did not understand what the product is all about. So I reluctantly attended the seminar.
The product was very good. The well dressed and eloquent american that gave the presentation sounded very convincing. But the most interesting part of the presentation he made was when he called for people to join the multi-level marketing company.
He said that if you are an entrepreneur and you wanted to get rich a good business strategy is to find something that would be the trend of the future and start developing it. If you are an investor then one of your investment strategies is to invest in companies that does this.
He continues that a company that applies this business strategy is Microsoft, currently worth more than $ 200 Billion dollars and one of the richest and one of the most successful company in the world. Without a doubt if Microsoft would come knocking at your door, you wouldn’t hesitate to invest in them.
Let’s say we have the ability to time travel and go back to the year 1978. Several casually dress, long haired, hippie looking geeks asked for a meeting with you. Their agenda was to ask you to invest in their company or even work for them. They said their product called “computer software,” something unheard of during those days would eventually change the world in the near future. A skinny little geek insisted that you do invest with them because if you dont you would regret it. Do you think you would be convinced with their investment strategies? Are you sure you would have invested your time or your money?
For those people who decided to invest during that time later one became millionaires and even billionaires. Those who left after several years didn’t enjoy the wealth that the company brought.
For certain, nobody expected that those casually dressed, long haired, hippie looking geeks later on would be included in the list of the world’s richest people aside from the fact that they shaped and changed the world that we currently live in. But one thing is certain those who invested in those casually dressed, long haired, hippie looking geeks certainly reaped the benefits.
The speaker ended his presentation by asking people to have the foresight and take the chance by jumping at the opportunity to join the multi-level marketing scheme involvoing the VOIP product. Without a doubt both the the product and sales pitch were good. But sad to say, experience tells me that any multi-level marketing (MLM) based business will only be good after a certain time. Most MLM based business switch to traditional marketing after the market becomes so saturated leaving those at the bottom of the with nobody to recruit. It would have been a different story of the speaker asked people to buy shares of stocks. Certainly, I would have bought some. Investing in companies who has the foresight to know the trend in the future is always part of good investment strategies. Before I forget, the company he was referring to was Microsoft and the skinny little geek wearing the blue shirt is of course, Bill Gates.