Comments on: Thank you! http://www.nextgenerationlaw.com/thank-you/ Ideas for the next generation lawyer Wed, 28 Jul 2010 20:14:14 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Tex http://www.nextgenerationlaw.com/thank-you/comment-page-1/#comment-959 Tex Wed, 22 Apr 2009 12:02:57 +0000 http://www.nextgenerationlaw.com/?p=472#comment-959 IBO's are often referred to as "business partners" and "teammates", or if these specific words are not used, the culture of the various groups imply this relationship. This is how the upline teaches IBO's to talk about them when showing the marketing plan to prospects, and you hear it on tapes/CDs, at seminars, etc. In fact, the former Amway group and now Mona Vie group is named TEAM, and there are others with similar implied meanings. It's impossible for me to accept a business partner or teammate who doesn't provide proper disclosure of the basic profit mechanisms. So to answer your question directly, Bill should disclose the average Emerald and above Amway and tool profit. I think it would be silly, if not impossible, to state this particular house came from Amway money, and this jet came from tool money, for example. If he made outside investments that had a significant impact on his ability to buy $52 million jets, 5 homes, and a 200' yacht (all of which he stated in my recently posted commentary of his last "Britt School" tape series in 2000), he should also state this as well. I view this as similar to someone looking at buying a McDonald's restaurant, and talking to a current franchise owner who just won the lottery. The McDonald's restaurant business worked out well for him, as he shows the prospective owner his lottery lifestyle without mentioning he won the lottery. It would be lying by deception, and so is the tool scam. In fact, in this example, the tool scam is worse, because at least the McDonald's owner got his money from another source, not the back pocket of the prospective owner! IBO’s are often referred to as “business partners” and “teammates”, or if these specific words are not used, the culture of the various groups imply this relationship. This is how the upline teaches IBO’s to talk about them when showing the marketing plan to prospects, and you hear it on tapes/CDs, at seminars, etc. In fact, the former Amway group and now Mona Vie group is named TEAM, and there are others with similar implied meanings. It’s impossible for me to accept a business partner or teammate who doesn’t provide proper disclosure of the basic profit mechanisms. So to answer your question directly, Bill should disclose the average Emerald and above Amway and tool profit. I think it would be silly, if not impossible, to state this particular house came from Amway money, and this jet came from tool money, for example. If he made outside investments that had a significant impact on his ability to buy $52 million jets, 5 homes, and a 200′ yacht (all of which he stated in my recently posted commentary of his last “Britt School” tape series in 2000), he should also state this as well.

I view this as similar to someone looking at buying a McDonald’s restaurant, and talking to a current franchise owner who just won the lottery. The McDonald’s restaurant business worked out well for him, as he shows the prospective owner his lottery lifestyle without mentioning he won the lottery. It would be lying by deception, and so is the tool scam. In fact, in this example, the tool scam is worse, because at least the McDonald’s owner got his money from another source, not the back pocket of the prospective owner!

]]> By: Kevin Thompson http://www.nextgenerationlaw.com/thank-you/comment-page-1/#comment-957 Kevin Thompson Tue, 21 Apr 2009 20:56:42 +0000 http://www.nextgenerationlaw.com/?p=472#comment-957 Tex, as for profits from the sales of support materials, I agree that disclosure of those profits is important. But the million dollar question: how much of those profits do you disclose? If Bill Britt talks about flying around on a private jet, does he need to disclaim that the plane was purchased with tool income or amway income? Or is a broad disclaimer at the end sufficient? What say you? Tex, as for profits from the sales of support materials, I agree that disclosure of those profits is important. But the million dollar question: how much of those profits do you disclose? If Bill Britt talks about flying around on a private jet, does he need to disclaim that the plane was purchased with tool income or amway income? Or is a broad disclaimer at the end sufficient? What say you?

]]> By: Kevin Thompson http://www.nextgenerationlaw.com/thank-you/comment-page-1/#comment-955 Kevin Thompson Tue, 21 Apr 2009 18:05:59 +0000 http://www.nextgenerationlaw.com/?p=472#comment-955 Anon, in my view, the DSA does fail in this regard. They've stated on their blog (direct selling 411) that the DSA's job is to keep direct selling companies in business. They're advocates for the companies, not for consumers. Anon, in my view, the DSA does fail in this regard. They’ve stated on their blog (direct selling 411) that the DSA’s job is to keep direct selling companies in business. They’re advocates for the companies, not for consumers.

]]> By: Tex http://www.nextgenerationlaw.com/thank-you/comment-page-1/#comment-954 Tex Tue, 21 Apr 2009 15:39:05 +0000 http://www.nextgenerationlaw.com/?p=472#comment-954 Also, I doubt Amway held a gun to the uplines' head and dictated they had to charge enough for tools to ensure the resulting profit was several times more than their Amway profit. Also, I doubt Amway held a gun to the uplines’ head and dictated they had to charge enough for tools to ensure the resulting profit was several times more than their Amway profit.

]]> By: Tex http://www.nextgenerationlaw.com/thank-you/comment-page-1/#comment-953 Tex Tue, 21 Apr 2009 14:55:20 +0000 http://www.nextgenerationlaw.com/?p=472#comment-953 By the way, there probably isn't a single Open meeting or Seminar, let alone Major Function, where #1 above isn't broken. The mere mention of being "retired" from your job is plenty to break the above directive. By the way, there probably isn’t a single Open meeting or Seminar, let alone Major Function, where #1 above isn’t broken. The mere mention of being “retired” from your job is plenty to break the above directive.

]]>