Network Marketing Definition
Most people are afraid of failure, and for them it may be better and easier to live life in a rut. Others are satisfied or even happy with their jobs, incomes, or lifestyles, and that’s great for them.
But if you want to succeed, you must Adapt and Challenge yourself to a new way of living.
“The ultimate measure of a man is not where he stands in moments of comfort, but where he stands at times of challenge and controversy.” – Martin Luther King, Jr.
And if you’re one of millions who yearn for more freedom and control in your life, you must understand the following three principles to achieve true success.
1. What is 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.
“If you had the choice of doing a job and earning $500 once, or getting paid $100/mo for one year, which would you choose?”
You’d be surprised at how many answer $500! These people either, 1) thinks that the world will end in 3 months time or, 2) desperately in need of money. That question is one quick and simple way to pre-qualify people. Those who don’t understand that principle may never achieve their true potential.
Obviously $100/month will surpass a ‘one time’ $500 relatively quickly. Producing enough passive residual income can make you a VIRTUAL MILLIONAIRE in a relatively short time, compared to working for someone else and scrimping and saving for 30 – 40 years.
A VIRTUAL MILLIONAIRE is someone who has enough money coming in every month, WHETHER THEY WORK OR NOT , to support the lifestyle THEY CHOOSE, for as long as they live.
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.
A critical component to building long term residual income is offering high quality, high demand, value-priced, ‘consumable’ products or services that people use and re-order month after month.ive
2. What is LEVERAGE?
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 income is limited by the number of hours in a day.
By learning to leverage your time (and money), you can also benefit from a percentage of other people’s efforts, and dramatically increase your income and freedom. It is also an important step toward gaining financial independence and time freedom.
“I would rather earn or have 1%
from the effort of 100 people rather than 100%
from my own effort!” – J.Paul Getty
There are only two sources of money:
1) PEOPLE AT WORK, and 2) MONEY AT WORK…
3. GEOMETRIC GROWTH – DUPLICATION – POWER OF TWO:
If you start with one cent, and double it every day for 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?! ($5,368,709.12 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? Unlike franchises or conventional businesses, MULTI-LEVEL MARKETING or NETWORKING is the ONLY business model that take advantage of all three of the most important, yet misunderstood principles of: alive
Passive Residual Income – Leverage – and Geometric Growth
If you can UNDERSTAND and BELIEVE IN those three principles, and find the RIGHT company, 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 truth is….in NETWORKING, there are no limits to what you can achieve in your lifetime.
NETWORK MARKETING is the ULTIMATE Business Model that stood the test of time…This is the FUTURE!