Why iLearningGlobal (iLG) Company Shutdown?
Posted on 17. Mar, 2010 by admin in MLM Review
I just got word of some news regarding the ILearningGlobal (ILG) shutdown. Why the shutdown? What happened that caused it to shutdown?
The only way to determine this is to start from the beginning. Who Is iLearningGlobal or iLG?
ILearningGlobal is a fairly new network marketing company and it has had quite an impact in the MLM/network marketing industry. It is a community of individuals and professionals who deliver personal development and business training to its members 24/7. As a member of iLearningGlobal, you have access to speakers and trainers in high definition, full screen video , as well as audio programs, ebooks, live webcasts, and much more.
Members of iLearningGlobal.tv promote the opportunity as independent marketers through direct referral, word of mouth, and networking. The iLG representatives sell subscriptions and generate a part of the residual profits from the company.
Founder Of iLG (iLearningGlobal):
Brian Tracy, who is a personal development speaker and writer and wanted to help people. He has had a successful reputation in sales and marketing, real estate, investments, and other business ventures. He decided to partner with a company whose goals were more then just profits and sales. He wanted the company to have a purpose and that purpose was to be in personal development.
What Caused the Shutdown?
iLearningGlobal officially shutdown on 3/17/2010. For many iLearningGlobal representatives, this was their primary business. Many of its members were devastated by the news. I went to its official website, iLearningGlobal.tv, and there is no mention of a shutdown.
So, why the shutdown? The truth of the matter is, no one knows why the shutdown, other than the company owners. The only thing that is known is that there will be no more paychecks printed. I am sure those who are earning a steady income from iLG, didn’t expect this. There were no signs or warnings. Rumor has it that the business model was the contributor towards its shutdown. The cost to be a member of iLearningGlobal.tv was $180 per month. This was a tall order to fulfill for most people and not many are willing to pay that much for personal development. But, I am only speculating. I really don’t know anything about the cause of the shutdown. I am sure that the truth will eventually come forward.
If you happen to be one of the individuals who was impacted by this news, I am so sorry that this happened to you. But, keep in mind, you are an entrepreneur and as entrepreneurs, we are capable of finding a solution to whatever problem is presented to us.
Solution For iLearningGlobal Reprentatives (iLG Reps):
There is a solution to your current predicament. If you are willing to be open minded and move forward, there is a company called Numis Network that is growing fast and furious. In fact, I happen to be on the number one team in Numis Network. The product we promote is money. Numis has a phenomenal duplication rate which has lead to the company’s fast growth. I have never seen duplication like this and I have been a member of a number of MLMs and network marketing companies. People are staying because they are making money and making money quickly. For example, one way to generate income is to sell one of the packages. To become a member of Numis, he or she must first purchase one of the packages. When you make a sell, you will earn $100.00.
The company has a binary pay plan but you don’t just earn off the weak leg, you also earn off the strong leg. In other words, you earn off both legs. To find out more about the payment plan, go to: Numis Network Comp Plan
Why Market Money?
Do you have to ask? How many people do you think would like to get money each month? Do you know of anyone who would not, especially during these times? I don’t. Look, think of it this way. If you put in a large order and they brought that order to your house in a very large truck, would you want that order to be juice, or vitamins or money? I would prefer that the order be money because even if I could not sell it all, I still have a garage full of money.
My advice is to first, don’t give up. It is not the end of the world. Yes, mourn if you must, but GET UP and find a solution to your problem. Take a look at Numis Network and see if this is the company for you. Times are difficult I know but you are a winner, not a loser, so don’t quit. Take control of the situation and move forward.
Here is the Solution For iLearningGlobal Members
Jim
20. Mar, 2010
iLearningGlobal is alive and well. Don’t believe the shutdown rumors. They have simply chosen to become a retail model. In actuality this is great news for the MLM industry. For about a quarter of the price anyone has access to all the great educational materials that can help them in whatever MLM endevour they choose to pursue.
Jim
admin
21. Mar, 2010
Hi Jim,
I am glad to see that you are loyal to iLearningGlobal. MLM’s and network marketing companies need more people like you. You are correct. After writing this article I did learn from a business partner of mine that iLearningGlobal did shutdown the MLM portion of the company. But in saying this, doing so hurt many who were making a 5-figure, 6-figure or more in the company. My business partner, although there for only six-months, worked his tail off to get to a point where he, on average, was generating a 5-figure per month income. When he was informed that he would not be receiving any more pay checks, he had to bail. He could not afford to continue to remain after he and his wife just purchased a home on the beach, not a big house but a house comfortable for the two of them. What he managed to do was incredible. But, after switching to a company that I too am a member of, he now makes more than he did in the six months he was involved with ILG. He made the choice that was best suited for him and his wife and I am sure he is not the only one making this choice. If you work hard to build a business, you should be rewarded for your efforts. The company still continues to earn an income off every one of those individuals he worked hard to bring in, but he doesn’t. That’s not right. Just my opinion.
I do thank you for sharing…
Lawren