Aug 18 2008
YTB’s Legal Problems…..An Ex-YTB Power Team Leader Is Not Surprised
As a former Power Team Leader at YTB Travel, I find YTB’s mounting legal problems predictable and boring because 85% of people who join any MLM fail. This failure rate statistic is well known, and widely accepted by MLM industry analyst. As a result, MLM’s like YTB are blamed, investigated and sued on a regular basis as follows:
People join MLM’s and Network Marketing companies because of the products they provide, percieved product demand and “all that money they’re going to make.” Any MLM’s basic “sales” strategy is to sell everyone you know, and they will sell everyone they know. After a short period of time, they aren’t making money, blame the company and quit. When enough people blame the company, the State’s Attorney Generals and BBB’s get involved because that’s what they do for a living. The movie “Ground Hog Day” comes to mind when I see this happen to MLM’s over and over again…..
How does this happen so often and why? To keep it simple, any MLM can provide legitimate products, have a great compensation plan and provide training for those who want to learn. The problem is that this business model attracts the wrong kind of people who lack the ability, experience and skills to even get started. For example, I have attended large YTB, Your Travel Biz, training meetings where 95% of the group had no previous sales experience, limited computer skills, little or no understanding about the Internet, do not know enough people to sell to, cannot implement the training, and don’t have the time required to be successful in any home based business. In addition, they aren’t committed to really learning the product line, have great difficulty in understanding the compensation plan and truly believe that their downline is going to make them rich. Most importantly, they don’t realize that they will have to work harder than they have ever worked before to become a successful home based travel agent.
To make matters worse, they are constantly reminded of all the people making lots of money that are doing the same things that are causing them to fail…Now they are sensing fraud and deception. It’s time to put on their legal pants and march straight to the local BBB.
On the other hand, there are many YTB Reps who aren’t suing YTB, or complaining about their home based travel agency to the States Attorney General. They won’t because they have a successful online travel agency and are making money. They often use lead generation systems, have good computer and Internet skills and understand the art of sales. They also work very smart and put in the long hours. They usually take advantage of real sales training and know to sell outside of their friends and family. They use business tools to grow their business. They do not depend on their downlines to make them rich, but rely on themselves to meet that goal. They take the time to learn the business, and don’t rely on their upline to give simple presentations….
Technorati Tags: Home Based Travel Agency, Your Travel Biz, YTB, YTB travel, home based travel agent, online travel agency
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So are you still in YTB? I thought that I read that you terminated your relationship with them.
If you are not associated with YTB, what are you doing now?
Did they make you quit?