1. What is network marketing?
Network marketing is a business model that helps people to achieve their financial goal. It helps to bring the entrepreneurial spirit in you. According to Ralph Emerson, it is the age of self reliance.
2. What is residual income?
This is the kind of income you earn by leveraging on other people’s efforts. John Paul Getty aptly captioned it: "It is better to earn 1% each from 100 people’s effort than to earn 100% from your effort alone".
3. What is Premium Success Pace Ltd?
Premium Success Pace (PSP) Ltd is a network marketing system rendering financial services to its members. Its system is opened to those who are 18 years and above.
4. How does PSP defer from other network marketing systems?
PSP is in the service category of the network marketing industry. It offers broad educational and health support services. To those with a mission to contribute positively towards the advancement of knowledge and health in any way, this system is for you.
5. Is this not a pyramid scheme?
Every traditional organization is pyramidal. That is why you have one man at the top who earns more than every other person in the organization. The base is large with everyone striving to get to the top. From the President of the country to Managing Directors of organizations pyramids exist.
But in a typical network marketing system there is pyramid too; but inverted. Everyone starts from the base with equal opportunity to earn and grow simultaneously. The top is large and is for everyone and anyone who can get there; not restricted to any particular person or group. This is the kind of system that PSP represents.
6. How is this system different from a Ponzi scheme?
A Ponzi is a scheme where no values are derived from the system. In PSP, there are financial and material values and other wonderful incentives flowing continuously in the system to the delight of members and are attractive to prospective members. Besides, the rewarding system is based on multiples of levels. It is neither a one-off event nor is it an investment scheme.
7. What is the assurance that this system will last?
We make bold to say that this system is formed and wholly owned by Nigerians. Members of the management team have varying degrees of experiences in the network marketing industry which play crucial roles in the modus operandi of this system. Impeccability and trust are our watchwords. We exist primarily to contribute significantly towards the advancement of education and health sectors. An enlightened healthy citizen is a freed and sound society. Besides the seamless nature, it is not a get-rich-quick system.
8. Can I have more than one account?
Yes, you can! The system does not limit the number of accounts a member can or should operate.
9. When and how often do I get paid?
You get paid every day and every time there is activity in your team. There are different types of bonuses:
- Sponsoring Bonus
- Pairing Bonus
- Stage Completion Bonus
- Matching Bonus
- Material Incentives
- Other Financial Benefits
Note that financial bonuses can be withdrawn every day, while the material incentives are not later than a week upon completion of the level for that specific incentive. Every withdrawal is subjected to 7.5% for bank and administrative charges.
10. Are the material incentives convertible to cash?
Yes! The choice is yours to take the car and other material incentives or convert them to cash.
11. How long is PSP in existence?
PSP was launched in Nigeria on 18th November, 2017.
12. What is the opinion of the rich?
13. Who do I contact for this business to grow?