Donald Trump on Network Marketing

Did you know Donald Trump endorses network marketing? Here is a sample of what he says about it:

“Network marketing has proven itself to be a viable and rewarding source of income, and the challenges could be just right for you. There have been some remarkable examples of success, and these successes have been earned through diligence, enthusiasm, and the right product combined with timing.” Pp 311-312; Trump, D.J. and Kiyosaki, R.I. 2006. “Why We Want You To Be Rich: Two Men, One Message.”

Pyramid Scheme?

Here is a quote from Robert Kiyosaki:

“I am often asked if network marketing is a pyramid scheme. My reply is that corporations are really pyramid schemes. A corporation has only one person at the top, generally the CEO, and everyone else below. A true network marketing business is the exact opposite of a traditional business model. A network marketing business is designed to bring you up to the top, not keep you down at the bottom. A true network marketing business does not succeed unless it brings people up to the top.” Pp. 307-308. Trump, D.J. and Kiyosaki, R.I. 2006. “Why We Want You To Be Rich: Two Men, One Message.”

Now check out his videos on the subject.

http://www.youtube.com/watch?v=ZZQqyVG5czQ

http://www.youtube.com/watch?v=nDPcHwvCJFY&feature=related

Kiyosaki's Cash Flow Quadrant (click to enlarge)

Network marketing is B quadrant activity

Reasons why you should consider network marketing (Kiyosaki & Lechter, 2005)

· There is a low entry cost to get started in a network marketing business
· No formal education or degree is required to qualify for most companies
· The industry is open to everyone, regardless of your gender, age, or race
· Companies provide established systems, already proven successful, available for you to use to build your business
· Many companies provide good education and training programs to help you become successful
· There are mentors, successful in the business, ready to assist you in your business
· You can start a network marketing business part-time and build it while you keep your job
· There are many tax advantages available to a business owner, which are not available to you as an employee