{"id":5138,"date":"2010-07-09T09:23:17","date_gmt":"2010-07-09T14:23:17","guid":{"rendered":"http:\/\/www.sequenceinc.com\/fraudfiles\/?p=5138"},"modified":"2012-03-13T11:04:33","modified_gmt":"2012-03-13T16:04:33","slug":"ufirst-financial-this-is-what-a-collapsing-pyramid-looks-like","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/ufirst-financial-this-is-what-a-collapsing-pyramid-looks-like\/","title":{"rendered":"Ufirst Financial: This is What a Collapsing Pyramid Looks Like"},"content":{"rendered":"<p><a href=\"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-content\/uploads\/2010\/01\/pyramid.jpg\"><img decoding=\"async\" class=\"lazyload alignright size-full wp-image-4453\" title=\"pyramid\" src=\"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-content\/uploads\/2010\/01\/pyramid.jpg\" data-orig-src=\"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-content\/uploads\/2010\/01\/pyramid.jpg\" alt=\"\" width=\"191\" height=\"126\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27191%27%20height%3D%27126%27%20viewBox%3D%270%200%20191%20126%27%3E%3Crect%20width%3D%27191%27%20height%3D%27126%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-content\/uploads\/2010\/01\/pyramid-300x198.jpg 300w, https:\/\/www.sequenceinc.com\/fraudfiles\/wp-content\/uploads\/2010\/01\/pyramid.jpg 350w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 191px) 100vw, 191px\" \/><\/a>The demise of United First Financial is apparently imminent. The company has had anemic sales for more than a year, and it seemed it was only a matter of time before Ufirst folded. The end is coming nearer, as people at the top of the pyramid are looking to\u00a0 the best people (not those bad ones who just get drain cash from the company every time they get a commission check) to find a new way to sell this crappy software via an MLM model.<\/p>\n<p>Witness this email from Rich Schaffer, a pyramid-topper who gives excellent details about just how awful U1st Financial is doing!<\/p>\n<p>Sent: Thursday, July 01, 2010 10:59 PM<br \/>\nSubject: Proposal for a New Company!<br \/>\nFrom: Richard Schaffer<!--more--><br \/>\nEveryone,<\/p>\n<p>In lieu of all the challenges and difficulties that we have all been struggling with over the last 12-18\/m,\u00a0 I genuinely believe that it is time that we all accept a few very harsh realities. But before I get into that, the primary reason for this e-mail is that I have an idea, a proposal really, that I truly believe with everything in my soul can absolutely change the direction of our Company moving forward!<\/p>\n<p>What I am about to say is not intended for anyone (nor has it been shared with anyone) not included in this e-mail. But I think it\u2019s time that someone said what everyone is already thinking \u2013 but everyone is apparently afraid to actually say out loud. Let me begin by trying to set the stage with 10 main points regarding what is really happening, how everyone (actually) feels, and what is going to inevitably occur if we don\u2019t take some very drastic measures fast!<\/p>\n<ul>\n<li>The \u2018Network\u2019 is dead, and it\u2019s not coming back. This is not intended to be negative, it is simple being honest and realistic. I don\u2019t think it even matters if we launch V5, complete \u2018Step\u2019 3, change the Company\/Product name or change our comp plan or the MLM commission platform. There has simply been too much damage done for too long. That is no one\u2019s fault in particular. Sometimes business is like life and relationships; even with all the best of intentions and even between 2 people that are \u2018right\u2019 for each other, the timing or the circumstances are simply not right. Or a relationship ends because the couple simply shares too much \u2018reality\u2019 due to all that has happened and it dies \u2013 and it can never be the same.<\/li>\n<li>I believe Private Labeling and HR have tremendous potential!<\/li>\n<li>I believe as much as ever that our product is awesome \u2013 and needed more than ever in the marketplace!<\/li>\n<li>We are unfortunately (legally) stuck paying far too many people O.R. Commissions that don\u2019t do anything or provide any value to the Company \u2013 which is sucking up commission dollars that could otherwise be paying the (few) active Leaders in the Field that matter.<\/li>\n<li>The Private Label and HR Initiatives will end up capturing most all of our truly \u2018key\u2019 people. This is both good \u2013 and bad. Good for the obvious reason. Bad, because in the process it will ultimately cannibalize the \u2018Network\u2019 and cause some very real friction (if not lawsuits \u2013 or both) in the Field when Leaders\/Uplines begin to accuse the Company of \u2018taking\u2019 their key people that they recruited, trained etc and end up NOT getting pd for their future efforts\/production.<\/li>\n<li>Compromising by paying a few levels will NOT solve the problem (as regardless of how many levels you do pay \u2013 it will always be one too few for someone!) Also, in so doing, we will effectively dilute the entire basis of what we are looking to accomplish with those Campaigns to begin with! So it will end up being counterintuitive.<\/li>\n<li>We cannot rush the release of V5 at the risk of it being anything but perfect! There is FAR too much riding on it with large Company\u2019s on the line! We will have ONE shot to get that right! So, we need to (collectively) buy as much time as necessary to do so!<\/li>\n<li>The Company is no doubt literally hemorrhaging cash right now. And we have to do everything possible to keep it from getting any worse than can be helped by keeping as many people active as possible. Including keeping key potential PL and HR candidates into play (at least on the sidelines as spectators) until they are fully ready to go.<\/li>\n<li>Corporate is no longer \u2018in love\u2019 with the Network \u2013 and unfortunately, neither are the key Leaders. It is simply a fact. Therefore, none of us will probably ever really get behind it the way that would be necessary for it to work \u2013 at least not enough to really make it worth it.<\/li>\n<li>We cannot either justify financially or logistically having a National Convention at this time. Both due to finances and the negative perspective that having only 300-400 people attend would create. Instead we should set a date (say Oct) that the 10 of us along with 25-50 from each Organization come together to LAUNCH our NEW direction! This would allow us to bring together maybe 100, maybe even 250 of the very BEST Leaders and Agents that we have hand selected to be a part of our NEW COMPANY!!<\/li>\n<\/ul>\n<p>I think if you are all being completely honest with yourselves, you cannot help but agree with most, if not all of what I just stated above. Therefore, I propose that instead of just sitting back and watching the Network die like a rabbit that you just ran over on the side of the road; that we collectively take ownership of it \u2013 and PROACTIVELY phase it out! Strategize it so that we can effectively \u2018spin\u2019 it in a positive direction of OUR choosing instead of the one that will inevitably be created by the Field.<\/p>\n<p>We take the Top 5 most visible and identifiable Leaders in the Field; Steve, Dave, George, Mike and Myself, and we go thru our entire Company and collectively SELECT each of our TOP 20,25 even 50 people in our Organizations and we divide them among the Leaders just mentioned. NOT as \u2018level\u2019 agents in a \u2018Network\u2019 but rather specifically to market our Program thru the HR and PL platforms. They would report to us directly just like account executives. This may apply primarily to the PL Initiative as we may have to structure the HR component somewhat differently. But we would clearly play major roles in that Campaign as well. We would take possibly $1.00 from EVERY P.L. Deal and put it into a Pool for the 5 of us to encourage everyone to work together and to avoid any backbiting etc. We would also want a limited equity stake in at least the P.L. Initiative and some degree of nominal subsidy during the next 3-6\/m while we are building this new platform and completing this process.<\/p>\n<p>There are numerous details that we\u2019d have to obvious sort out, but you hopefully get the idea. This would address nearly every issue that we have \u2013 and will inevitably face within the next 6\/m. It would also keep the top Leaders in the game (very key) keep as many agents producing during this \u2018transition\u2019 as possible \u2013 and \u2018buy\u2019 us the time necessary to complete all of the tools and resources required to ensure that those Initiatives are successful. It also allows us to trim the fat and (legally) carve out anyone that, quite frankly, we simply don\u2019t want anymore. But more importantly, allow us to cherry pick the very best! Those that we actually like, trust, respect and know are genuinely capable of helping us to be successful with our new direction.<\/p>\n<p>I am also VERY confident that with the Leaders behind it, we CAN \u2018sell\u2019 this in a very positive way!! This IS the best overall solution to the numerous challenges that we are all struggling with \u2013 I believe it in the depths of my soul!!<\/p>\n<p>I would like to suggest that we try to get EVERYONE (at the SAME time) on a call to discuss this ASAP!! Time unfortunately is NOT on our side right now. And I just don\u2019t want to see us blow this chance when we still have some very key people on board that could ensure that this is a major success<\/p>\n<p>Please consider this with a very open mind and take the time to fully digest the overall picture that I have tried to paint here. This could truly be the best way for us to salvage what we have \u2013 and maximize what we\u2019re looking to do.<\/p>\n<p>Rich<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The demise of United First Financial is apparently imminent. The company has had anemic sales for more than a year, and it seemed it was only a matter of time before Ufirst folded. The end is coming nearer, as people [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[824,184],"tags":[],"class_list":["post-5138","post","type-post","status-publish","format-standard","hentry","category-consumer-protection","category-pyramid-schemes-mlm"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6Z0e-1kS","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/5138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/comments?post=5138"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/5138\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=5138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=5138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=5138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}