Donald Trump is well known for his business acumen and his strong opinions, so it should come as no surprise that he has some very strong opinions on the issue of network marketing. The idea of network marketing is something that has generated a lot of discussion and publicity – some good, and some bad. There are a lot of people who have managed to generate huge amounts of money using network marketing techniques but there are just as many who have been plunged into debt by the system.
Because of how variable the results of network marketing can be, it is something that is met with a lot of skepticism. Some people think of network marketing as being a massive scam that is guaranteed to end in tears, debt or bankruptcy. Others believe that network marketing is what you make of it, and that it can be a legitimate money-making option.
Network Marketing for Everyone
The truth is somewhere in between. Network marketing can be incredibly effective, but you need to understand what you are getting into before you start it. When an interviewer asked Donald Trump, in front of a huge TV audience, what he would do if he was made bankrupt, his answer was clear – he said that he would get involved with a network marketing business.
This answer was not a popular one, and the audience was quick to boo him, but they were soon silenced when he answered them. Trump simply pointed out that there was a reason why he was rich and they were not – and the reason was because he did not have that kind of negative attitude.
Donald Trump is well-known for being quick of mind and for being an innovator. He became one of the richest men in the world precisely because he was willing to innovate and take risks. He is a believer in network marketing because he feels that it is a powerful concept, and that if you know the difference between a pyramid scheme and a sound multi-level marketing strategy then the potential to make profit is there.
Why Do So Many People Fail
He notes that the reason that so many people fail is because they do not know the difference between a good marketing scheme and a weak one. Because they do not know a good thing when they see it, they either invest in the bad schemes or are paralyzed by fear and invest in nothing at all.
Trump is experienced in the world of business and this means that he can identify the schemes that are worth his time and the ones that are not, and that he can tell what is worth investing in. He knows what a good marketing strategy looks like, and what makes a sound business plan.
Good multilevel marketing schemes are not all that far different from other sound business plans. The principles and theories that apply to other businesses apply just as well to multilevel marketing, so there is no need for anyone to fear the world of network marketing if they are willing to do their homework.
People who are careful – those who practice due diligence – can do well in the world of MLM and network marketing as long as they are not excessively risk averse. That is what sets Trump apart from other people. Trump knows how to formulate a business that lets you do well based not just on what you earned today, but also your earnings from months ago.
Some MLM Schemes Are Scammers
Trump made it clear that some MLM companies are scammers, and that they are not worth investing your time in. He made a name for himself in the world of Real Estate, and that is his first love, but since then he has looked at other ways of making money and found that he can apply his talents to almost any field so Donald Trump network marketing is not that outlandish an idea. However, he is quick to point out that if something looks too good to be true then it probably is.
Unfortunately, when trump said that he would use network marketing to get back on his feet if he were to ever lose his job, he found that his name became an unofficial “endorsement” of almost every MLM scheme going. He was put in a difficult position as fraudsters tried to capitalize on the publicity that his high profile and controversial statement earned him.
Trump proves that it is possible to make a lot of money in MLM, and he proves that it is possible to be successful online, but what he does not prove is that you can be an overnight success in any niche. He says that network marketing is an incredibly powerful concept, and that if you are willing to put the work in then you can get rich, but hard work is essential and Donald Trump network marketing approved ideas would require work.
The reason that trump is so successful is that he works hard and does his homework. He will not invest in any system unless he knows all the facts, and he will not trust or put his name to any system that does not have sound ideas behind it.
Network marketing is something that can work very well, but you need to make sure that the network marketing system you adopt is one that is based on proven statistics and cold, hard facts. No matter how much you want to be successful, you cannot let emotion take over. Emotions – greed, desire, desperation, are what make people make mistakes, and are the things that scammers and fraudsters use when they are trying to get you to invest in systems that are flimsy, weak or unlikely to make money for anyone other than the people at the very top of the pyramid. A Donald Trump network marketing idea would not be like this.
Long term success in any niche requires research and homework as Donald Trump network marketing statements show – but if you work out how to be successful in one area then you can apply that knowledge and those techniques to achieve success in almost any other area.