Apparently, the fine line between complying with the law and putting your distributors through the wringer is blurred when you get a bunch of lawyers involved…
Here is a copy of the lovely disclaimer that MUST BE READ ALOUD whenever the ZeekRewards compensation plan is presented verbally or by telephone, or included in it’s entirety when communicating in writing:
“If you make a purchase from ZeekRewards you are purchasing a Premium eCommerce subscription or you are purchasing bids to give away as samples. You are NOT purchasing stock or any other form of “investment” or equity. You MUST actually use the bids that you purchase or give them away as samples to help grow your business. Affiliates who present our products to others in a misleading manner or in a way that leads the buyer to believe he or she is making an investment or purchasing equities will be terminated and all commissions and awards will be forfeited. Buyers MUST read the entire How It Works and Get Paid pages on the ZeekRewards website and the Legal Disclaimers.”
Watch me read the disclaimer here:
Sounds like so much fun…
Do you think the Zeek lawyers are going overboard or do you think this is needed to reign in the get rich quick scammers who were running rampant?
I'm guessing they really needed to add it as affiliates are crossing the line. That's my take on it. Thanks for sharing Thank you.
Maybe, they are just doing their best to weed out the get rich quick people and stop people from make silly compensation statements, and understand that any MLM business needs to be ran like a business.
As with most things there is no clear cut line that says what is needed and what is too much. Zeekler has come a long way from its FS origin and has made more changes to its structure, comp plan and even product line than most companies would ever consider.
The reality of today's legal culpability and the finesse used by scam artists has many a company walking on egg shells. Being an old hand and dating from the days when the customer was always right (I miss those days) I see the lengthy legal mumbo jumbo as a bad sign. Any time a lawyer gets involved it becomes a morass of terms that speak in volumes but say little other than "You are responsible for any and everything bad that happens."
Like the term "Plausible denial" the TOS of companies like Zeek have the affiliate toeing a line that went from reasonable, in the interests of good business, to ridiculous. Yes there are many rules and government departments that must be followed and answered to but when the business becomes more about following the rules than it does about doing business, it has gone too far.
Just my 2 cents worth… O wait I mentioned money… does this contravene the TOS as it applies to income statements?
Hey Ty
I am missing something here.
Why do you think this legal disclaimer is a bad thing?
I don’t get it.
People speak about those companies for which their affiliates make those alegations that everyone will get rich quickly, saying it’s bad for the business, they should be shut down etc.
Then a company appears, and in order to protect consumers and future affiliates, creates a legal disclaimer which takes no longer than 2 minutes to read showing a transparent and clear statement about what the business is and what it is not.
it’s clean, to the point, and leaves no doubts about what this company it’s all about!
And you, a blogger and mlm professional, come up saying that you don’t know if this is a company to consider?
Ty, come on!
As Troy Dooly usually says: You are a network marketing professional, so act like one!
Still love you 😉
Alfredo Rodrigues
Alfredo, love you too but you are allowing your excitement for your business to blind you to the fact that the disclaimer is not a great part of a presentation if you are looking to get people to sign up with you. It’s weird and awkward and obviously written by lawyers and it will make it harder to close people if it’s really read. That’s just common sense.
Zeek rewards has almost run its course and the Legal team have tried to stretch it as long as they can. The site is not producing the sales compared to the numbers of bids giving away. If it is based on production what is there a certian wait time for Maturity (investment wording) should be changed by the legal team any day now…. why does it take 3 weeks to get a check? Their bid robots are being caught in action and complaints. The time bomb has started ticking. RUN!
Ty, I respectfully disagree with your perspective on the disclaimer. If an Affiliate explains how this company is leading the way for the industry in compliance (first ever mandatory compliance course taught by none other than Kevin Grimes) and is actively cleaning up the wild claims of a few affiliates, then pointing to the disclaimer CAN be a great part of a presentation, for it substantiates what seems to be a Good Thing: Operating a company to be squeaky clean and stay in business for the long haul. Also, according to Mr. Grimes, they were one of the few to actually get out in front of the new Business Opportunity regulations. Now, you might say I’ve drunk the Kool-Aid, but, full disclosure, I am a Zeek Affiliate and just took Keven Grimes’s course and was very impressed. Ya gotta have the steak to sell the sizzle, brother!