From June last summer----MLM meets Crypto continues!!!
Smart Contract "Builders" v. "Producers" Forsage
Network Marketing has taken the crypto smart contract space by storm in 2020.
Less than the four months ago, Forsage launched and has grown to over 350,000 members worldwide as the "first mover" baseline on the Ethereum Smart Contract.
Now more offerings are entering the market since Forsage has initially proven to be effective and the blockchain has supported the smart contract effectively. Yet the fundamental challenges for these opportunities are little different than the old network marketing programs.
A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code.
The code and the agreements contained therein exist across a distributed, decentralized blockchain network.
The code controls the execution, and transactions are trackable and irreversible.
Smart contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism.
The decentralized system has attracted many affiliate marketers as well given the contract has eliminated third parties and the time delays in which an affiliate is compensated for recruitment . In the Eth Smart Contracts the payout is generated immediately and visible on the contract via Etherscan.
The issue now with 350,000 members is that the majority of the "Producers" have already worked their lists and these individuals are already within the Forsage membership. "Producers" are those that have generated massive lists usually in the form of emails via sales funnels used in other projects. The majority of the major "producers" have already filled in all twelve levels on x3 to generate referral bonuses for all those they place in the downline under them. "Producers" rarely support or engage in the education of the downline. Once they "hooked" the member or "sold the prospect" they are on to mining more members from their lists and sales funnels.
This action routinely sours many within any network marketing program. Once people are members they are left typically to generate their own referrals. Many may never had been tasked with having to recruit others or have the knowledge base to begin to attract others to the opportunity. They will use the "Producers" for support which will be provided in a means that actually in the end provides the "producers' with greater value than the member. The "producer" gets the contact email for future opportunities or can even sell their list or rent the list to other marketers.
"Builders" are your friend. "Builders" are the personalities you want to work with and follow. These are leaders that have masted how to excite, inspire and educate members in the opportunity and stay with them in the process and support them through training and mentoring.
For example, "Builders" are more apt to explain to members exactly what cryptocurrency is and how it is traded in the markets and how it relates to the actual smart contract that holds the key to the success of the entire project. "Builders" are explainers and are more in tune with the situation of each of the members on their teams. They seek to build the team one member at a time and providing value to each and every one to be passed along to those members can bring in or attract to the opportunity.
New members have to pay particular attention to the person whose referral link they use as they will be tied to that individual for the duration of the smart contract. Most however are unaware of this. Many sign up with the first person or first sales funnel they may see offering the opportunity without determining the person that will lead them.
The "Producers" have massive lists. One such "producer" placed over 200 members in one day in Forsage.
The issue Forsage will face in the coming months is the rate of replication or duplication. If the "producers" have maxed out the lists it will require new ones to come into the project to sustain the growth in truth. In fact, today while Forsage appears to still be growing at the top line in truth in its only the first three levels with two thirds of all member participation in the project. Statistics reveal that the higher levels eight through twelve have much lower levels of participation as a percentage of overall membership. If you consider Level 12 as of last week had around 125 members out of 344,000.
Spillover for those in x4 levels will slow especially when you consider that if more people enter only at those first three levels there are more members at those levels to share in the spill thus slowing its rate. If members do not work x3 and refer others than the passive income will slow for them over time. They will never reach the massive earning that "producers: are claiming can be made in Forsage. Much of their own earnings is through the x3 line garnering the returns of the downline under them.
Good leaders inform members of these things. Mentor them on how to use smart contract strategies to increase passive income and generate referrals. Educating members how to use the market volatility to purchase Ethereum in order to leverage the smart contracts. The leaders also inform members concerning "gas fees" and the like that members often are unaware of until it comes time to transfer from their wallets. This results in a blindside to many.
When Forsage launched many members purchased ETH at the 285 USD level. Today ETH has fallen below 220 USD. Entering the project today is much less expensive than three months ago. Forsagers also need to keep in mind that as ETH declines in value so to will the returns for member as earnings are paid out in Ethereum.
Cryptoballers Mastermind implements various strategies for group members to leverage the crypto market and Eth Smart Contracts with integrity seeking to provide a transparent financial opportunity for consideration.
