Welcome! If you're building a Network Marketing business, it's crucial to understand how Network Marketing works. You need to read the FREE chapters in The 45 Second Presentation. It's the Network Marketer's Instruction Manual!! ~ Jackie Bubis
What is true residual income?
Well, in a sense, a residual is a residual is a residual. You do the work once (like writing a book or selling a product) and you get paid over and over again.
In Network Marketing, every company talks about their opportunity being residual income. And they’re right…. up to a point.
But what if the customer stops buying? What if you downline stop their autoship? In this economy, we are seeing folks whittle back their expenses to just the necessary. And even the essential health products are not being ordered.
So, when is a residual a GREAT RESIDUAL. I guess I would say that would be when the product or service is in the "necessary" category.
That’s why I’ve made a change. I’ve made a move from a really good health and wellness company to a company that saves folks money on the things that they will give up LAST. Well, maybe just before food
Check out the video and see what I’ve decided to do.
I’ve also settled on a system, but that’s for another day.
Did you know the Hidden costs in your MLM Company before you joined? Most of us didn’t. Because we didn’t know to ask.
In many Network Marketing companies, the focus is not on customers buying their products. Their focus is selling distributor kits and brochures & books & CDs and DVDs to their distributors. Many distributors buy 100s or even 1000s of tapes at a time to use in mailings. Even in quantity, some of these companies charged reps $2 or $3 each for tapes that cost 20¢ to duplicate!
Then, there’s the monthly charge for your company website. And a fee for the back office. And pretty soon, they’ve $39.95ed you to death and you quit the business. They making a killing on the backs of their reps!
So if you’re considering joining a MLM company, this is something you’ll want to find out before you sign on the dotted line.
Often when new folks join your team, they go into a frenzy of study trying to become an expert at the company’s product line. Since the name of the game in Network Marketing is duplication, you need to question if this expert status is duplicatable and if you even want it to be.
Of course it’s duplicatable if you have a product training module for newly sponsored distributors. But what company has that? And why would you want to? Doesn’t that become another intimidation factor for the new folks looking on – heck I could never do that.
Here’s how I train my team on the products. 15 Words.
Ready? Here they are: Try it. You might like it. If you don’t, it has a money-back guarantee. Now, of course this only works of your company does have a money-back guarantee. But if it does, then what could be easier.
QUESTION: You hear so much about “multiple streams” of income, when should network marketers attempt to diversify their income ?
ANSWER: This depends on the person. In general this is my opinion.
Most network marketers who are talking about multiple streams of income and attempting to work multiple companies, have never made big income anywhere. They really don’t understand the difference between network marketing and affiliate marketing.
In 30 years I cannot name 1 person I have ever met who was making $10,000+ a month in two different companies working them at the same time!
You should never attempt to create multiple streams of income from multiple MLM programs under any circumstance.
Network marketing is about residual wealth building. It is not about creating multiple $100 checks, that is affiliate marketing. Network marketing is the most challenging, but most rewarding business model. Leaders must be focused and dedicated to their opportunity, their company and their team. If they can’t find a company they can dedicate themselves to then they need to find a new one.
My advice to all network marketers is to don’t even think about trying to create another income stream until you have mastered the skill sets and mindsets it takes in network marketingand you get your income to a full-time level.
Success in Network Marketing is about learning just two skills. Okay, that might be a bit of a deceptive sentence. Tru-ish. I’ll explain.
Remember back to the day you signed up in your Network Marketing business. The possibilities were laid out before you like a yellow-brick road. Glinda, the Good Witch, waved her magic wand. And, in a whirl of sparkles, with a voice of Sweetness and Light, pointed the way to the Emerald City. All you had to do was step on the road to Success and you would reach the ultimate goal, riches beyond your wildest dreams. Continue reading →
Napoleon Hill, in his book “Think and Grow Rich” has much to say about self talk. “The price of ability to influence your subconscious mind is everlasting persistence.” Yup, there’s the Slight Edge again.
We live in an instant world and we want instant results. We want our Network Marketing business to take off instantly and effortlessly and bring in grand money right away. Doesn’t work that way. The Heavy Hitters in MLM will tell you it does, but they’re lying to you.
The same with affirmations. If we’re going to be successful, Hill reminds us that we must create the right self-talk (affirmations/afformations) and persist until thing we’re affirming makes it into the material world.
I’ve had trouble with this in the past. But it’s time now – at the beginning of 2012 – to make some changes.
One of them will be in the self-talk arena.
Want to join me?
Get with your mentor and create some good self talk. Borrow someone else’s if you have to. My mentor’s self talk is free for the taking: I am having fun building a large, very profitable, high retention organization quickly and easily with education and team work.
That’s a great starting place.
Here are a couple of books you might look through: “The Don’t Sweat Affirmations” and “The Great Little Book of Afformations.”
What’s the difference between and affirmation and an afformation? Well the difference lies in the way the self-talk is worded. The proponents of afformations claim that wording your self-talk in a question will get by the believability alarms set up in your mind and that your mind will immediately begin to work on these statement. The believability alarm? You know, that little voice that says “yeah, right, that’ll never happen.”
Here’s an example of both an affirmation and afformation. It’s a subtle difference.
Affirmation: I am always in the right place at the right time doing the right thing. (I like this one.)
Afformation: Why am I always in the right place at the right time doing the right thing?
Once you have a few self-talk statements that you’re happy with (don’t take too long nit-picking them to death), then persistence is the key. Say them every day, maybe even 100 times a day. Put them on index cards in your car to say at stop-lights or in heavy traffic. Record them onto your iPod and listen to them as you exercise. Whatever you do: Don’t quit.
I wish you dreams coming true in 2012. Let’s work together to learn the skills to become successful in Network Marketing.
It was first truly duplicatable system I ever experienced. And in many years of many companies, this is a pretty remarkable statement.
I was frustrated and ready to toss in the towel. But I SO believed in the network marketing model.
I had no friends left, my family didn’t want to hear it any more, and when my trusted upline suggested a “system” that included spamming people, I was ready for something that fit in the “do unto others” model.
Then I downloaded the ebook, met some mentors who didn’t push their company on me AT ALL. I was actually suspicious. Can you imagine that? That’s a horrible commentary on what some people have done to Network Marketing.
So, if you’re looking…. at least check out the ebook. Stay in your company and learn for free. No catch.
My thanks to my friend and mentor Soren Egstrup for this wonderful post.
Truth: People are people – not numbers. They have goals, dreams and desires. They are mothers, fathers, sisters, brothers, aunts, uncles, nieces, nephews, grandmothers, and grandfather’s to someone that loves them. They are not a number, but real people.
Whenever I hear the term Drive-By Spammer, I think of Mrs. Doubtfire and Drive-By Fruitings. Do you ever find yourself wondering what some network marketers are thinking by their audacious spam? Do they think someone will actually respond positively?
This morning, I was watching a video on story-telling and scrolled down a bit to see some of the comments. Here’s what I saw.
Guy A: Comment on video…. great video, blah, blah, blah
MLM Fruiter in response: PRODUCT is the best for curing blah, blah, blah – one whole paragraph.
Guy B: Comment on video…. love this video, blah, blah, blah
MLM Fruiter in response: PRODUCT is the best for curing blah, blah, blah – one whole paragraph (SAME EXACT PARAGRAPH)
Guy C: Comment on video…. well done, blah, blah, blah
MLM Fruiter in response: PRODUCT is the best for curing blah, blah, blah – one whole paragraph (SAME EXACT PARAGRAPH AGAIN!!!)
This happened three times. If you’d been sitting next to me, you’d have heard me shout at this MLM FruitCake. Seriously? Do you not have a better system than that, Dude? Any system’s got to be better than that, doesn’t it?
Okay, I’ll step down off my soap box and continue on with my day. Cheers.
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