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Time, Wealth & Happiness in your own Business!
There are very specific differences between the poor, middle and wealthy class people. It helps to understand these differences.
The following terms are described to further your understanding:
A house is usually considered an asset. Your house is a liability when you owe money on it; it becomes an asset when you are renting it out for a profit.
Poor people on payday buy stuff - inexpensive things people buy that they don't need to survive. This stuff includes dollar store, garage sale stuff – which is justified by the fact that the items were cheap and didn't cost much.
Creating wealth is not a mystery, it is a formula.
The middle class, society thinks they are rich. What they buy on payday are liabilities; cars, boats, houses, credit card debt. Their expenses go above their income levels so they have to work to cover their liabilities.
Wealthy people buy assets. Buy assets that produce cash, then buy more things that produce cash.
Things that are cash producing assets are stocks, bonds, real estate, education, businesses; especially those that can create a passive income -- passive meaning once you build it up it pays you whether you are building it or not.
Example: A pinball machine in a barber shop. You save the profits to put another one in another barber shop and so on...
You can't find these passive money businesses unless you are open to them. Then once you find them be willing to research them.
Network Marketing is a Business Model that Works. I built a $25 million business with no employees and no inventory. That would not have been possible without leveraging the work that I do by teaching others to do the same and for doing so receiving a small portion of their efforts.
With all the false promises out there for making $10,000 in a week, I hope you will be able to recognize a professional business model when you see one.
These 4 principles of business are essential:
How do you get in front of large trends, in 1946-1964 1 billion babies were born. The baby boomers create the largest trends. They control 65% of all the money; if you can predict what a billion people are going to want to buy you can make a fortune.
Which industries are expanding or are about to expand? The baby boomers are in the age group of 41-59 and every 8 seconds for the next 18 years someone turns 59…
Employ others so you get more done!
If you work for someone else you are working to make them rich. If you are a professional such as a doctor, attorney, or accountant you get your education and then you sell your expertise. You work long hours and have little time.
You can own your own business but you can't do it all yourself, so you employ others so you can get more done. Your employee will never work as hard as you do because they will never have as much to gain as you.
Wealth is created by people at work or money at work.
Suppose you own a company and you employ me, you get paid for 16 hrs of work leveraging through my work. Again, no employee will work as hard as you on your business.
A broker and an agent both earn commission. The broker did the advertising and the training. It's in the agent’s best interest to work hard to earn money because he is working for himself.
The problem with this structure is that the broker can leverage and have multiple agents, but the agent cannot. This makes the agent want to be a broker. Now the agent is my new competitor and knows all my good stuff.
The new broker hires his own agents who do the same on and on.
Is this an intelligent way to expand business?
I am going to empower you to become a broker and provide you with the same opportunity for growth I have.
I will continue to earn a percentage of your sales. I trained you and this percentage is my incentive to always help you and your agents. It's a win/win for all parties involved.
Isn't that the same as a pyramid scheme, only the people at the top earn money?
This is not a pyramid and people at the top do not necessarily make all the money.
Perception at a corporation is that you have the CEO who earns the most money, the President earns less and the Vice Presidents earn less. What would happen if the Vice Presidents earned more money? Total Confusion! This is the chain of command.
Network Marketing reaches true leverage and everyone has the same amount to gain.
In most network marketing companies everyone can earn a certain number of levels deep.
If you build a larger more productive organization than me you will earn more than me. The majority of your income would be on your 4th level out of my reach.
What do you call that? Fair.
If you bring in more profits then you deserve more profits.
Warren Buffet recently bought a network marketing company. Why would he buy a network marketing company?
Network marketing is a very efficient model to distribute products.
Advertising, TV, Billboards, call center, sales reps, are all costly ways to sell products.
There are people who earn $10,000/yr and those who earn $10 million.
Here is a time productivity comparison.
It's easier to just do it myself than to try to get others to do it. This mindset is with the lack of understanding of what it is to train others.
When you fully understand how valuable it is to train others so you get more done you will understand time productivity.
In network marketing you are rewarded exponentially when you train others.
Wealth is hidden from those who do it themselves. Wealth exposes itself to those willing to train others.
Let’s say you have a 4 yr old son. You can teach him to tie his shoes or do it yourself. You can do it faster, but if you are patient and teach one loop at a time, he will learn to tie his shoe and you will save that minute every day.
Teach a man to fish he can feed himself, Teach a man to teach his children to fish he will end world hunger!
FAQ
Who sells the product?
Gears drive sales volume. The 1st gear is research volume, people trying the product, and loving the product. The 2nd gear is wholesale consumption, continuous loyal users of the product. The 3rd gear retail sales - buy low and sell high.
A new distributor gets 3 gears turning.
Do you need sales experience? - No you already have plenty - a satisfied customer is the best person to sell a product, people do it all the time with movies, cell phones, telling friends and family about the great thing they need to see, do or have just like yours. Communication is the key.
Are the costs of the products more in network marketing? Often they are less because of reducing some of the traditional distribution costs. Also look at the value of the product.
Soda costs 6 cents US for soda and a can, it goes to the national distributor, regional distributor, local wholesaler, advertising and retailer all have their markups on up to as much as $2.00.
Network marketing changes the distribution cost from the manufacturer to the national distributor who setup distributors with incentives to find more distributors and to do retail sales. We are cutting a few costly links in the marketing chain of traditional product distribution.
Are you concerned about marketing to friends? Who do you feel comfortable making money off of? How do you justify a product for sale? You have a great product at a fair price. You wouldn’t choose a product to sell unless you thought it was a great value. Your friends would rather give their money to you than a stranger for something they would buy anyway.
Do you have to get in during the beginning? Yes - No - I don't know. There are pros and cons in both. You can wait until the company has had time to prove itself or jump in when it's brand new and do great or watch it fail???
Looking for something more secure with a steady paycheck? Corporate jobs are only lasting 3 to 6 years at best. Businesses close. Your own business you keep building. Don't kid yourself by thinking you have security in Corporate America.
Do you know someone who failed in network marketing? Worst thing you can do is compare yourself to someone else’s success or lack of success. You will be as successful as the effort you put into it.
It is what you make of it. You can be good at it, I know.
Is your family, friends, or your spouse discouraging you? If you are the kind of person that needs everyone’s approval then you will never do it. Do you think anyone who was successful got approval?
You are you. You've got your own visions, dreams and goals.
Can you succeed at it? I don't know you but I think you can. How did you get good at what you do now? You learned it. Face what you are not good at and change it. If you need communication skills learn them. Either you have excuses or you have results. Your right now spending valuable time learning something. Don't sell yourself short working for someone else’s dream.
Great places to start...
Booming Energy Drinks -- growing by leaps and bounds! http://www.legitworkathome.com/act
Absolutely free and 98% of everyone over 18 uses credit cards! http://www.freecardmatrix.com/referal.aspx?refid=legitwah
And this is a dream come true of mine, maybe for you too! http://www.shopgbg.com/?ID=wow
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“Is this the right time in your life that you could take action if
presented with something that had enormous financial potential?” |
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