One topic close to home for me is SCAMS. Wherever you live, whatever you do, SCAMS are a desperate persons way to relieve you of hard-earned money with a promise of overnight riches – or are they?
I have always worked hard and affiliated myself with legitimate business models and people. Yet people close to me still accuse my ventures as a ‘scam’. Known to one particular couple of friends as ‘Soni’s Scams’ I no longer share with them anything that I am affiliated with. Not because I am afraid of their mocking, simply because they are happy with their thing and not willing to purchase products from me. I have only ever offered them consumable products that would be beneficial to their health.
So, why do they believe that what I am involved in is a SCAM? simply because I do not have a shop front, employees and a massive bank balance. They have never seen any business presentations nor do they ask exactly how my businesses work.
Now, I contract to these friends, I spend approximately 13 hours of my time per week on their business, providing excellent service and maintaining their good standing in their particular industry. In return I receive about $15 per hour. They make money from the service I provide but pay me a set amount regardless of what they may receive.
I also contract to another service provider. I put in a lot of hours behind the scenes as well as representing their brand.
All up, just last week I worked 56.75 hours earning someone else money for their business. I was rewarded with approximately $17 per hour gross. I also spend another 22 hours helping my eldest daughter with her two children, babysitting and travelling.78.75 hours that I do not get to use doing the things that I would like to be doing.
Now please don’t get me wrong, I do enjoy what I do to earn income otherwise I would be out of there in a flash! I just wanted to put into perspective who is scamming who and the amount of my valuable time that I dedicate to these other ‘SCAMS’. You know, the ‘you only get paid a small portion of what is actually made because I own the business and I am making money by leveraging YOUR time so that I do not have to work as many hours’ SCAM.
In comparison, here is what I have learned about my ‘SCAM’ home business.
I consume a product. It tastes great and gives me a complete feeling of well being. Symptoms that I had due to getting older (aches and pains, slower getting started in morning, low energy) began to disappear. I then tell my friends about this product and ask if they would like to try it – no charge, no obligation. My friends try it, enjoy the taste and benefits as well and then purchase a months supply for their own consumption – and a bit more to share with their friends and family too.
I make a commission on the sale of the products – and if my friends sign up to receive the products at wholesale rather than retail, I get a little bonus for them doing that too as the company that supplies the product did not have to pay for advertising to gain a new customer. They pay me instead.
Repeat. My friend can do exactly the same and get paid exactly the same – for doing exactly what I did. I can not cap how much my friend can earn. If they get more customers than me, they will earn more than me. Simple. Monetary return for effort.
My income as a contractor remains the same rate regardless of how much effort I put in or how much I improve the good standing of the brand, how many referrals I send the business. Mmmmm….sounds like a SCAM to me!
There are many SCAMS to be aware of out in the world, both online and offline. Diligent research before signing up can sometimes protect you from falling victim to them however, some can be so cleverly marketed, made so tempting and virally attractive that you do not know you’ve been had until you play along for a while. Risks are a necessary process of searching for success and financial freedom. Making decisions that, despite your best efforts, end up being high risk, dead-end, no hope of ever seeing your money returned SCAMS are often so disheartening to some that they never attempt to even look at any other business models.
For entrepreneurs who are determined to change the lives of others, risks are simply an everyday occurrence. Live and Learn.
If you are an employer reading this, remember that your business would not even exist if not for the people who you employ to keep it operating. Never take them for granted nor think that a ‘same pay’ for everyone regardless of their efforts will keep valuable employees happy. They will be looking for ways to be recognised and to grow and stand out by themselves because they are not oblivious to their own worth.
Where are you at now? Are you helping others take holidays, get their beauty and fitness regimes all paid for while you are grinding along with little or no recognition and just barely living pay to pay? Or have you found that wonderful balance and freedom that comes from being able to attract an income that reflects your efforts and then some?