I was absolutely stunned when I heard that EIRO Research, a network marketing company specializing in health and wellness products has officially closed down all of their operations. The front page of their website (eiro.com) is now a cessation of operations letter. You can read the letter below.
Network Marketing / MLM really seems to be a hotbed of activity recently. On September 1, 2010, eFusjon closed it's network marketing distribution arm. They had 10's of thousands of distributors working the business and all of a sudden their paychecks went pffffffffffffffftttttt. Eric Worre recently left Agel for Send Out Cards. Pre-Paid Legal's 4th quarter 2010 results were frighteningly poor – new sales associates enrolled decreased 54.3% . Melaleuca's got problems. And only God knows what else is going on.
Network Marketing companies come and go all the time – and this is true for ALL businesses.
Businesses, traditional and network marketing, open and close all of the time for a variety of different reasons – product issues, management issues, legal issues, financial issues, morality and ethics issues. Business is business regardless of which sector it is in and every business involves risk of some sort. Everyone needs to understand and accept that from the get go. I know … easier said than done … especially when a family's livelihood is at stake. For some people, it is the end of the world when their network marketing company closes and they turn their backs on Network Marketing forever. For others, it is the most exhilarating of times filled with infinite possibility.
What has really gotten my attention about the EIRO closing is that a few of Eiro's Field Leaders, Ty Tribble and Bo Short specifically, are very UNIFIED and totally committed to finding a solution that will serve the best interests of their team. Ty and Bo both know that their top producing team is very valuable. They have already been approached by several owners of network marketing companies and are expecting to find a new home for their team within the next few days.
These two men are true servant leaders. They are busy communicating with their team members … reassuring them through this tough time, letting them know that everything is going to be ok … that they are working, day and night, behind the scenes to find a good solution for everyone on their team – a company which will ultimately serve everyone really well.
Both of these gentlemen know that a tightly knit team of people focused on a common goal is virtually unstoppable – regardless of the circumstances they find themselves in. When you build people first … people stick with you and those people will build a business with you. It really has very little to do with the company or the product per se and it has everything to do with leadership and team building. Bo and Ty know how to build, empower and mobilize very large teams of people.
One man can not take down what a whole team has worked to build
People who work together will win,
whether it be against complex football defenses,
or the problems of modern society
Kudos to Bo and Ty for being true professionals and REALLY caring first about the well-being of their team and their families. I have absolutely no doubt in my mind that everyone on their entire team will experience an amazing 2011 – and help thousands of other people do the same!
Take a minute to share your thoughts below!
I am very interested in what hearing what everyone has to say!
… sharing is caring …
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Rose Mis is the author of “Dead Blogs Don’t Lie ~ 7 Secrets To A Wildly Popular High Traffic Blog” and the editor and publisher of The Frugal Networker Newsletter. She is the creator and Executive Chef of the internet's only Award Winning Attraction Marketing Training Kitchen. Rose is one of the top MLM / Network Marketing bloggers in the blogoshpere and is a featured blogger at thatMLMbeat.com. You are invited to stop by the Kitchen anytime you have any questions about blogging, marketing or mindset. Rose is here to help you get the results you are looking for as quickly and cost effectively as possible.
EIRO Research Officially Ceases All Operations – Bo Short and Ty Tribble Exemplify Leadership In Action http://bit.ly/hlcTLi
Bo Short and Ty Tribble Exemplify Leadership In Action in the wake of EIRO Research Officially Closing – http://bit.ly/hlcTLi
EIRO Research Officially Ceases All Operations | Attraction … http://bit.ly/fWWgO7
Of course Bo and Ty are united. Their pump and dump operation requires the movement of a large group of sheep to the next pump and dump operation
I have been following the MLM industry for 40 yrs. Nothing has changed
Hi Frank … I had never heard the term “pump and dump”before. Did some research … I think the term is typically used with unethical stock investing practices … however, it can be extended to many other situations as well which is why you used it.
It is pretty obvious to me that you are doing your best to “protect” the sheep of the world from being shorn and I applaud your intentions. It is incumbent on those who can to do so!! And the best way to protect anyone is through education.
It would have been far more proactive to teach people what to look for and to give them a list of really well thought out questions to ask about the MLM industry rather than talking about “pumping and dumping” in response to my blog post. Which you qualified with the humongous generalization that you have been “following” the MLM industry for 40 years and “nothing has changed”. I’ve been following basketball for 40 years …How does that qualify me to give anything other than my opinion about something???
Good stuff and Bad stuff happens in EVERY industry …. and in EVERY sector of the business world. Take a look at what is going on in the world right now. VERY disturbing stuff in my opinion. What the world needs now, more than anything else, are LEADERS who step up to HELP and SERVE people at the highest level possible.
How does one help and serve BEST ???… by teaching people what they really need to know and doing it in such way that the lesson is music to their ears and their hearts. You are a Pastor .. you already know this. You were a business man … you were successful because this is what you did to assist people in making an informed decision to do business with you or not.
Did people refer their family, friends and acquaintances to your insurance company because of the great service you provided? I m sure they did. Did you pay them a referral fee? I sure hope you did!! If there were people who regularly referred other people to you because of their connections, they helped put the bread on your table and the roof over your head.
MLM / Network Marketing / Direct Sales is not on trial any longer. It is a proven business model that is supported by some of the wealthiest business people in the world and it is actually being taught to business majors in fully accredited universities and colleges across the United States. How wonderful that we are actually going “grass roots” again. That is what made this country great and that is what we lost when getting a good corporate job became synonymous with “The American Dream”.
I salute Bo Short and Ty Tribble for being LEADERS and SERVANTS. The company they represented closed. So have lots of other corporate companies. Instead of handing out pink slips, they rallied people together and are working hard to get the information they need to assist helping people to get INcome coming IN again. Each and every one of their team members has the freedom to choose whether to get involved again or not. Dump and Pump … I don’t think so!
Yes, I too was astonished to hear another MLM bite the dust!
Especially to Ty Tribble.
I am sure He and his team will overcome this challenge,
As with every true leader, they do know how to care for
We got enough on our plate already, to succeed at building
our future in this industry – without having the rug yanked
out from under our feet!
The worst MLM nightmare just happened to one of our best
leaders, so it just shows that no one has immunity…
…let us at least do our due diligence to try to reduce the odds
of this tragedy to happen to more of us!
Actually, I did recently find an evaluation test that can
determine if an MLM company will be of the 20% of those
that stay around and prosper. (on my blog)
Hello I am here to say that the planning and forecasting that I learned from Dr. Greg Chapmans course is the best money I have ever spent. Especially the sales pipeline and tracking inquiries + conversions
Do it for your business and see the future open up in black and white and $$$
Tuc Markandu Director Topless Events Australia -Australia Top Male talent