147: A FTC Warning Last Week to ALL Network Marketers!

Your Virtual Upline Podcast

Bob Heilig

Education, Careers, Self-improvement, Business

4.9 • 1.7K Ratings

🗓️ 29 April 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week we dive into a very SERIOUS issue for all of us involved in the network marketing profession. Just last week the Federal Trade Commission (FTC) sent warning letters to 10 different network marketing companies.

These warning letters were a result of distributors making health and earnings claims related to the Coronavirus. I hate to say this, but I saw this coming a mile away. I've been pretty vocal about how bad we've been falling as a profession on social media in response to all of this. Using this tragedy as an excuse to sell and recruit.

In this episode I go DEEP into what the warning letter said, and more importantly what this means to every single one of you in this profession. I actually did an entire YouTube Video on this topic that I'd love if you check out and share with your teams. Here's the link to video:

https://www.youtube.com/watch?v=0KUcdwTbhTw&feature=youtu.be

I also share with you 3 things you can be doing right not to help out in this area - to make sure that you are a part of the SOLUTION, not the problem. This is an unprecedented thing that's happened for our profession, and you need to make sure you are educated on what's happening. The long term viability of your business and this profession depends on it.

Here is the episode I did on the Love, Serve, Grow Framework:

https://bobheilig.libsyn.com/141-love-serve-grow

If you aren't already following me on YouTube - make sure you subscribe to my new channel! I'm creating brand new original content there every single week!

Subscribe Here: https://www.youtube.com/user/Rheilig73?sub_confirmation=1

Transcript

Click on a timestamp to play from that location

0:00.0	Hey Bob here and welcome back to the Your Virtual Upline Podcast where we give Network
0:12.4	marketers the mindset, strategies, and skills that you need
0:17.2	to build a business and life of your dreams. What's up all you cool cats and kittens Bob here?
0:27.0	Welcome back to the show.
0:30.0	Man I've been looking for an excuse or a reason to say that all week long. Yes, Shannon and I, we finally caved in. We watched the Tiger King on Netflix. If you haven't seen it yet you're probably
0:44.2	like dude what are you talking about but yes we did binge watch it quarantine
0:48.6	has come to that I just had to see what all the hype was about it, but I'll say this. It sure as heck was entertaining.
0:58.3	Hard to believe that all that is true, but anyway, today is a very serious episode.
1:06.6	Unfortunately, last week at the time of me recording this
1:11.3	on Friday, April 24th the Federal Trade Commission the
1:17.0	FTC sent warning letters to 10 major network marketing companies because there are violations
1:30.0	around the FTC Act which was passed in large part to help regulate our profession.
1:37.6	And I'll read exactly what the title of the press release was on Friday on the FTC website. The FTC sends warning letters
1:45.0	to multi-level marketers regarding health and earnings claims they or their
1:51.2	participants are making related to the Corona virus.
1:56.4	And listen, these are not small fly-by-night companies.
2:00.3	These are household name, billion- dollar companies that most of you are probably aware of a lot of you are probably in these companies companies companies
2:09.2	like Doaterra, Rodinin Fields, and Arbonne. Look, this is a serious issue.
2:16.0	This is a serious issue.
2:17.0	And I kind of was like shaking my head as I was reading this because like I saw this happening
2:26.7	man I saw this coming I mean if you're a new listener to the podcast welcome but if you've been
2:32.4	listening look I've been talking
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Bob Heilig, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bob Heilig and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.