There are bad apples in every bunch, and this industry has more than it’s share. But it can produce outstanding results if you know how to find the RIGHT company. And to MAXIMIZE YOUR POTENTIAL, there are a few simple concepts that are critical to your success.
The Three Pillars of Success in Network Marketing are:
1) Residual Income
2) Leverage (of Time and Money)
3) Duplicability or Geometric Growth
Network Marketing, ‘MLM’, and Multi Level Marketing are all terms that refer to the same type of business model. While many close-minded people outside the industry (and others who’ve tried it and failed), have biased or negative wrong impressions, and despite the fact that it is used and abused by many crooks and con-artists, this business model has exceptional performance potential.
There are bad apples in every bunch, and this industry has more than it’s share. But it can produce outstanding results if you know how to find the right company. And to maximize your potential, there are a few simple concepts whose understanding is critical to your success.
Unlike franchises or conventional businesses, Network Marketing, MLM, and Multilevel Marketing are the only business models that take advantage of all three of the important, yet misunderstood principles of:
Passive Residual Income – Leverage – and Geometric Growth.
And the combination of all three of these elements is what gives the Network Marketing business model it’s synergy and exceptional performance potential. In fact our ResidualIncomeModel have actually built and designed synergy into this model.
On the other hand, with the advent and popularity of the Internet and the rampant quest to “Get Rich Quick for Doing Nothing”, many people have gotten all excited about affiliate, associate, referral, or co-op programs as they are sometimes called. But very few of the thousands of these being promoted have any real chance of making any significant money for the vast majority of people who get involved.
True Success in Network Marketing.
1) RESIDUAL INCOME:
Residual income is recurring income that continues to come to you long after the work you’ve done to produce it has ended. There are lots of ways to produce residual income. But many people don’t understand it. Others have never thought about or been exposed to it. And unfortunately, many ways of producing it are out of reach for ‘average’ people.
Successful authors, actors, musicians, and insurance agents are some of the more familiar avocations that produce residual income. Probably the simplest and best example of passive residual income is interest earned on money in the bank or other investments. It gets paid or credited to you without you having to invest any more time to produce it.
There are only two sources of money:
1) PEOPLE AT WORK, and 2) MONEY AT WORK…
The simple goal of Retirement & Financial Planning is to make sure you accumulate enough money (or income producing assets), so that when you decide or are forced to retire, it will produce enough PASSIVE RESIDUAL INCOME for you to enjoy the lifestyle you choose for as long as you live.
The same concept holds true in Network Marketing. But Leverage, and Duplication or Geometric Progression, can help you build it much faster in the RIGHT Network Marketing program.
Residual income is NOT about “get rich quick”, even though with the right opportunity it’s possible to produce a small fortune in a relatively short time.
If you’re especially talented or have the time and money to invest, you may have some success in less than a year. And many people do. But without a major investment of time or money it takes most ‘typical’ people a year or two of part time work to generate a decent income, and another year or two to really hit the big time. But achieving success with 2 – 4 years of part-time effort beats the widely accepted ‘standard’ plan of slaving 20 – 40 years working for someone else to make them wealthy!
Most people who fail at network marketing either choose the wrong company or just give up too soon and quit because they expect INSTANT results. But because the real beauty of residual income is on the back end, not the front, once you build it you have the financial security and time freedom to do anything you want the rest of your life!
The RIGHT network marketing opportunity allows anyone, with no prior experience, special skills, or large capital outlay, to build long term, passive residual income.
Every successful person or business (in or out of Network Marketing) takes advantage of leverage. There’s only 24 hours in a day! And no matter how talented you are or how much you get paid per hour, if you don’t take advantage of leverage you’re limited by the number of hours in a day. By learning to leverage your time, you can also benefit from a percentage of other people’s efforts, and dramatically increase your income and freedom.
If you’re reading this article on the Internet (on my website or someone else’s), or in a magazine, that’s one simple example of leverage. I don’t have to be physically present to teach you something. I may be sleeping, or vacationing on the other side of the world while you are learning or sharing this information.
3) GEOMETRIC GROWTH – DUPLICATION – POWER OF ONE:
The best illustration is a penny-a-day example. It’s also frequently used to illustrate the benefits of tax free compound interest.
If you start with one penny, and double it every day 30 days, how much will you have at the end of 30 days?
If you haven’t heard this before or don’t remember, go ahead and take a guess. Day two you’d have 2 cents; day three you’d have 4 cents, then 8, 16, and so on. How much at the end of 30 days?
I’ve never had anyone who hadn’t heard this before come close. So don’t feel bad if you don’t, and I promise not to laugh. Ready? Did you pick a number?
Would you believe over FIVE MILLION DOLLARS?! ($5,368,708 to be exact!) That’s right! Most people don’t believe it until they punch it out on a calculator. And even then it’s sometimes hard to fathom. But it’s true. Isn’t that amazing?
That’s a simple illustration of how networking can work. If I can teach you, I’ve doubled myself. If we each teach someone else, we’ve doubled again. And as this goes on and on it can produce amazing results in a relatively short period of time, just like the penny example.
The easier your program is to do and the lower the cost to get involved, the more people you can appeal to and the more potential for geometric progression to work. Programs that are too complicated or expensive for ‘average’ people to do will always hinder your growth.
Great salespeople can succeed at almost anything they apply themselves to. But not many people have the talents, skills, or desire to be great salespeople. IT’S NOT DUPLICATABLE!
The Network Marking business model is about a lot of average people doing a little, not a few talented people doing a lot.
While lower cost of entry can be an advantage, many programs that are ‘free’, don’t offer any real potential for significant income, and often attract people who aren’t willing to work to build their business. So REALISTIC INCOME PRODUCING POWER is an important area to consider.
Joining a ‘downline club’ or any other program that promises any variation of – “we’ll do everything for you” – will never produce significant LONG TERM passive residual income, because the majority of people who join are looking for a free ride or are too lazy to build anything significant. None of these programs have ever worked long term and none ever will. It’s a simple fact of life successful networkers accept early on.
The penny a day example is a great model for illustration, but in ‘real life’ it never works exactly like that. Some people never recruit anyone, and others find 10 – 20 – 30 or more. It helps to understand human nature, and an IMPORTANT, but little known reality called REVERSE GEOMETRIC GROWTH.
If you can UNDERSTAND and BELIEVE IN those three principles, and with US, you will succeed in Network Marketing. If you’re willing to TEACH these THREE principles to a few others, the results might just amaze you!
The beauty of Network Marketing is that you can get started with very little investment of time or money, and no major changes in your present lifestyle. Eventually, passive residual income can give you the FREEDOM to live the lifestyle YOU CHOOSE, and pursue and enjoy your dreams – whatever they are!
I read somewhere that, “according to IRS statistics, in 1984 20% of NEW millionaires came from Network Marketing. By 1994 it was 50%. It’s predicted that by 2004, 70 – 80% of NEW millionaires will come from the booming Network Marketing industry.” I don’t really believe those statistics. But no matter what the percentages are, certainly many new millionaires are created every year in the Network Marketing industry.
If I had to sum it up in one word it would be FREEDOM! – Freedom to work as much or as little as you want, to come and go as you please, and to spend more time doing whatever is important to you. Once you experience this FREEDOM, you’ll wonder how you ever lived any other way!
There’s no free lunch though. It’s like riding a bike. If I asked, “Would you rather ride a bike uphill or downhill?” most normal people would say, “down.” But in order to coast down the hill, you first have to ride your bike up. Once you start, you may find yourself enjoying the exercise and additional benefits of improving your strength, endurance, and health. The same is true in this business. You have to ‘climb the hill’ (learn the business) before you can ‘coast’. Many people learn to enjoy the process of becoming better people, helping others, and improving much more than just the financial part of their lives.
There are many routes to the top of the hill. Some people choose to take a gradual incline and may take a little longer to get there. Others prefer the direct route, and choose to pedal directly up the steepest side. The beauty is, the choice is yours. We can show you the routes, and you decide what’s best for you. We’ll be there to encourage and guide you every inch of the way.
Best wishes for True Success and a HAPPY, HEALTHY, PRODUCTIVE LIFE!
“TRUE SUCCESS” IN THIS WORLD IS NOT DETERMINED BY HOW MUCH MONEY YOU MAKE, OR BY HOW MANY POSSESSIONS YOU HAVE, BUT BY THE POSITIVE IMPACT YOU HAVE ON OTHER PEOPLE AS YOU WORK TOWARD YOUR GOALS AND DREAMS IN LIFE !
If I can be of any help, feel free to visit my websites or contact me directly.