Thoughts On The iLearning Global Shutdown
March 18, 2010 by Dennis Volz
Filed under Company Reviews
If you’re anywhere in the MLM or Network Marketing world you’ve probably heard of the iLearning Global shutdown of the network marketing arm of their company. Overnight all of the hard-working reps that built this company are out of a paycheck. No muss, no fuss, just GOOD-BYE.
Sounds like a terrible tragedy, I know. The really… It’s not all that uncommon in the world of network marketing. Companies actually plan for this event.
Yes… they really do.
If you’ll read the Policies and Procedures (P&P’s) (the Contract) of any company you’ll see something like iLearning Global quoted in their open letter to their marketing reps:
Here’s an excerpt: (from http://marketer.ilearningglobal.tv/?page_id=1349 )
Per the Marketer agreement terms and conditions section five (5) and Policy and Procedures section 11.4, we are providing a 30-day notification of the termination of the network marketing model.
From Terms and Conditions Document point five (5) which is available at marketer.ilearningglobal.tv: “… iLG reserves the right to terminate all Marketer Agreements upon 30 days notice if the Company elects to: (1) cease business operations; (2) dissolve as a business entity; or (3) terminate distribution of its products and/or services via direct selling channels. Marketer may cancel this Agreement at any time, and for any reason, upon written notice to iLG at its principal business address. iLG may cancel this Agreement for any reason upon 30 days advance written notice to the Marketer.”
From the Policies and Procedures section 11.4, which is available at marketer.ilearningglobal.tv under the doc tab: “…iLearningGlobal.TV reserves the right to terminate all Marketer Agreements upon thirty (30) days written notice in the event that it elects to: (1) cease business operations; (2) dissolve as a corporate entity; or (3) terminate distribution of its products via direct selling.
In doing so we recognize the effort you have put into building your business and wish to show our gratitude for your efforts by providing the following:
- You will have been paid your regular commission for the February earning period on March 15th.
- You will also be paid for the March commission period. (If you remain an active marketer through March) The commissions for March, which would normally be paid on April 15th, will actually be paid 15 days early on a special commission run March 31st. This is simply a courtesy to you and reflects our desire to assist you as you begin to move forward.
- You will also be grandfathered into the company’s new offering (which brings together DailySuccessStream, EDGE and Premium – currently $180 per month) The new retail price will be $59.95, but you will receive all of this for $39.95 for as long as you remain an active member of iLearningGlobal. Your new price structure of $39.95 per month will be charged on your regular anniversary/billing date during the month of April.
===================================
As you can plainly see, the groundwork for this shut down was clearly spelled out in the P&P’s that were presented to every rep as they signed on with the company.
Problem is that very few network marketers ever read the P&P’s of the company they invest their time, money, effort, heart and soul into.
There’s simple things you need to look for in any contract with your network marketing company to protect yourself from this potentially catastrophic turn of events in your own life.
You can get a free copy of my eBook that outlines all of these for you. If you get the book, I’ll forward you some additional information if you’re interested.
Get the book here: http://www.MLM-Toolkit.com
Just looking out for you.
Dennis Volz is the owner of The Red Hot Millionaire Marketing Alliance and the author for The MLM Resource Center .com.
www.TheMLMResourceCenter.com
www.MLM-Toolkit.com
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
