438: 3 Important Lessons from the Rodan + Fields Situation
Your Virtual Upline Podcast
Bob Heilig
4.9 • 1.7K Ratings
🗓️ 30 July 2024
⏱️ 39 minutes
🧾️ Download transcript
Summary
Rodan + Fields recently announced that they will be changing their compensation model, which is unfortunately the second company in our industry to do this over the last few months. In this episode, I share the 3 important lessons that can be taken from this situation, because I want to shed light on these really important conversations that we need to be having.
If we want to grow and become better as a profession, while changing the way people look at us, we need more transparency around the business practices. Not just for the consultants, but the companies too. I hope you find this episode not only educational, but inspiring as well. And as always, I’d love to hear any thoughts or feedback that you may have.
Listen to Learn
4:39 - Why I’m so passionate about discussing these things openly and the sense of responsibility I feel to be doing this
8:47 - A look at the role that private equity plays in our industry and how the ownership of a company today matters more than it ever has
12:44 - What always happens after a period of contraction in the economy
16:24 - The worst form of marketing that I see when situations like this happen and why it upsets me so much
17:31 - A special ask for you regarding how you can support this podcast and its message
18:14 - Some of the reasons that I have never been so excited about our profession than I am right now
19:48 - My message for Rodan + Fields consultants and the best piece of advice that I can give to anyone going through this type of change
23:04 - An important reminder that leadership is earned, and the need to look carefully at who you are following
32:13 - One easy way to tell if you’re going to the right company for you or not
34:44 - What the greatest threat to our future growth as a profession is and the things that we do still have control over
434: My Thoughts on What's Happening With SEINT
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Transcript
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| 0:00.0 | Hey Bob here and welcome back to the Your Virtual Upline Podcast where we give network marketers the mindset, strategies, and skills that |
| 0:16.2 | you need to build a business and life of your dreams. |
| 0:20.9 | Hey Bob here, here. Welcome back to the show episode 438. Today I'm going to share |
| 0:29.4 | with you three really important lessons that I think every single one of us that's in this |
| 0:37.9 | profession today can learn from what we have seen transpire over the last few weeks with the Rodanen |
| 0:46.3 | fields situation we'll call it. If you're not familiar so Rodanen fields just a few weeks ago announced that they were going to be |
| 0:56.2 | changing their compensation model. This is unfortunately the second time we have |
| 1:02.1 | had a announcement like this in the last few |
| 1:04.8 | months the one before that coming from saint but they announced that they're |
| 1:08.6 | essentially going to be terminating their field leadership and only paying what they are calling an affiliate |
| 1:17.1 | model where they basically just pay you commissions on your personal customer base. |
| 1:23.4 | And so, you know, make no two ways about it. |
| 1:26.4 | That is basically just terminating their sales field, right? |
| 1:30.0 | So people, many of which I have known very well. |
| 1:33.6 | Rodin Fields was one of the first companies |
| 1:35.7 | that I ever worked with, not corporately, |
| 1:39.2 | but just in terms of their leaders, |
| 1:41.6 | that have spent the better part of 10 years pouring themselves |
| 1:46.0 | blood sweat and tears into building a business for themselves and essentially helping grow the |
| 1:50.4 | company have had the rug yanked out from underneath of them. So I've got a lot of thoughts on this and I think |
| 1:57.7 | that there's some really important conversations that we need to have. You know, the first |
| 2:02.3 | thing I want to do today is I really just want to educate all of you. |
... |
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