OPPORTUNITY OR PYRAMID SCHEME?- Gillian Giorgio
OPPORTUNITY OR PYRAMID SCHEME?
World Financial Group/Virtuity Financial Partners is one of the largest and most aggressive network marketing companies in the world. It is backed by Transamerica, which is owned by Aegon. Aegon has been added to the list of nine too-big-to-fail insurers as published by the Financial Stability Board. This means World Financial Group/Virtuity Financial Partners is owned by a company that is essential to the stability of the global financial system. World Financial Group/Virtuity Financial Partners help people from all walks of life build a better future, they create opportunities for people that will provide financial freedom, the ability to live a quality lifestyle, and help their family, friends, associates, and their social network the same opportunity.
Does this sound like a pyramid scheme? Why? Is it because of its marketing approach… one of the most successful business models for increasing personalized service where there is a huge dramatic need, eliminating distribution costs, and exponentially increasing business exposure? Their business model is part of the revolutionization of industries that are exploding like Amazon, Uber, Airbnb, and Starbucks. These companies were ridiculed at first, but now their respective industries see the power of their business model.
Is it a pyramid scheme, because it empowers people who want to start their own business, but avoid the high costs of starting a business on their own? It is businesses like ours that allow individuals to start part-time or full-time and grow at their own pace, with low risks and start-up costs, but with the support of an established brand, no inventory, marketing, mentorship, and the advantages of modern technology.
Or is it a pyramid scheme, because approximately 75% of the people do not follow the required steps of the business model and give up, about 15% end up feeling as if success is taking too long (this is NOT a get-rich-quick business) and slow down their efforts and don’t earn much, and 10% follow the system, go all in, max out, remain laser focused, reap the fruits of their labor and become 6 & 7 figure earners? The 10% believe in the business, they know why they are doing the business, they build, work hard on building their businesses, are coachable, know how to educate and motivate people around them, and they understand the power of the business system.
If you are employed, your job performance is evaluated. It does not matter if you are the Chief Executive Officer, or the receptionist; if you do not perform or if you are costing the company money, your job is on the line. In our business, you control your success and you evaluate your performance. You are truly your own boss.
I recently interviewed someone who was working for one of wall street’s leading financial services firms. I asked them why they were dissatisfied with their current work. They said they didn’t like having to meet quotas, feeling overworked and underpaid, working solely to increase their assets under management, and the dreadful cold calls. After a brief discussion of our business model and how our company helps people, the person appreciated our “no pressure approach”, decided to make a career change and started with our company immediately.
Bottom line, don’t take my word for it, do your research. Always use a reliable source. https://www.bbb.org/central-georgia/news-events/news-releases/2017/07/is-it-a-legitimate-opportunity-or-a-pyramid-scheme/
Collaboration by Jewel Johnson and Gillian Giorgio