|Ðð©'§ Network Marketing Information Library|
Understanding The Power Of Network Marketing
Terms such as Network Marketing, 'MLM', and Multi Level Marketing all refer to the same type of business model. This industry has had more than it's share of scumbag crooks and con artists that have used and abused the concept. However, if you do your homework and get involved with a legitimate network marketing organization, this business model has exceptional income potential.
Network Marketing can produce outstanding results if you know a few simple concepts, the understanding of which is critical to your success.
Network Marketing, MLM, and Multilevel Marketing are unlike franchises or conventional businesses in that they take advantage of all three of the important, yet misunderstood principles of:
1) Leverage (of Time and Money)
Unfortunately these principles are not well understood by many of the people that undertake network marketing. And that's just one of many reasons why so many fail at network marketing. There are lots of other reasons, and it would take volumes to cover them all. But this is one of the more common ones. Because if you don't comprehend and believe in these principles, it's impossible to help others fully understand and appreciate them.
First, lets look at LEVERAGE:
Every successful person or business takes advantage of leverage. There are 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. As a side note, I have heard of cases where an occasional lawyer was billing more than 24 hours per day...but, I guess that's another story. By learning to leverage your time, you can also benefit from a percentage of other people's efforts, and dramatically increase your income while creating more free time for yourself.
The unique and wonderful thing about the Network Marketing business model is that everyone has the same opportunity to become the 'owner' of his or her own business - with a fraction of the investment of time and money of a franchise or traditional business.
In network marketing the people at the top definitely have a vested interest in helping others on their team succeed.
Would you rather receive 100% of one person's efforts, or 5% of the efforts of 100 people?
Obviously 100% of one is always only ONE. But 5% of 100 is FIVE.
Not only will the total result with leverage almost always be amplified, but your income is not dependent on only one person. If your income is produced by the activities of many, it is much more dependable. Even if something unexpected or negative happens to one or more of those people, it only has a minor effect on the TOTAL production.
It's great to get paid while you're sleeping or away on vacation. That's one of the many advantages of leveraging your time.
Now, lets consider RESIDUAL INCOME:
When someone mentions residual income many people automatically think of actors or musicians.
Residual income is recurring income that you continue to receive long after the work you've done to produce it has ended. There are lots of ways to produce residual income. However, many people don't understand it, and still others have never thought about or been exposed to it.
A very simple example of residual income is interest earned on money in the bank or investments. You continue to receive this income without having to invest any more time to produce it.
Suppose you had the choice of doing a job and earning $1,000 once, or getting paid $50/month for the rest of your life...which would you choose? If you chose the $50/month you obviously "get" the concept of residual income.
Clearly, $50/month will surpass a single payment of $1,000 relatively quickly. And if it lasts for a few years, or better yet - the rest of your life - it will really be a blessing.
Residual income is certainly not about "getting rich quickly", even though with the right opportunity it's possible to produce a substantial residual income stream in a relatively short time.
Most people who fail at network marketing either choose the wrong network organization or just give up too soon and quit because they expect overnight results. It is important to recognize that the real beauty of residual income is on the back end, not the front, and that once you build it you have the financial security and time flexibility to do just about anything you desire for the rest of your life!
Last, but not least, lets address GEOMETRIC GROWTH (DUPLICATION):
The classic illustration of geometric growth is the frequently used penny-a-day example.If you save one penny on the first day, and double it every successive day, (day two you have 2 pennies and day three you have 4 pennies, and so on) how much will you have at the end of 30 days?
The answer, to the astonishment of many, is $5,368,708! Amazing, but true.
That's a simple and dramatic 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. As this duplication or geometric growth process goes on and on, it can produce some amazing results in a relatively short period of time, just like the penny example above.
So there you have it, understand and apply these three principles
1) Leverage (of Time and Money)
and, given sufficient time and effort, you should enjoy a successful and financially rewarding network marketing experience.
Kirk Bannerman operates a successful home based business and coaches others seeking to start their own home based business. Visit his website at Legitimate Home Based Business for more details.
MLM Training - MLM Recruiter? MLM Sponsor? MLM Babysitter? MLM Mentor?
There are many Leadership factors involved in building an mlm downline, but none are more frustrating than the roles a Network Marketing Leader can play when recruiting and engaging a new person in this business.
Network Marketing! Whats It All About?
Every day millions of employees go to their place of employment for their employers to use their time and effort to build a business --- a financial future, without any "REAL" consideration for their employees future!
How Network Marketing Can Help You Build A Second Income Fortune
We live today in an age of inflated money- where every necessity and luxury costs us more each year. To live well, we need a larger income. For many, running harder and faster in the rat race of a 'job' yields that bigger paycheck. At some state whilst jogging the marathon of life, one comes to the realisation that running harder for someone else means we are making them richer and only wearing ourselves down.
When MLMs Go Bad
There is no such thing as a totally fair MLM. The person at the bottom of the line always misses out. That's not to say they don't have their place in the web marketing industry, people just need to understand what that place is.
Business Team Leadership: Pull Them, Dont Push Them
This article is primarily directed toward people who work at home in a business that happens to involve teamwork in a network marketing environment.
Internet Marketing Idea: Use Internet Marketing to Sell Network Marketing or MLM
Experienced Internet Marketers and beginners alike have one thing is common. They need products or services to market on the Internet.
Network Marketing Does Not Only Build Serious Business, It Also Builds You
Network Marketing is an easy way for an ordinary person to build a massive worldwide business. The business you build is just like any other business but with many of the hassles removed.
How To Run A Successful Home Sale Party
Coaching the Host
Network Marketing Offers ? Which One Should You Pick?
Network Marketing is awesome! It's a powerful 75-billion-dollar-a-year industry, practiced all over the world! According to published data, of all the millionaires emerged in the last 10 years, approximately 10% of them earn their money through Network Marketing.
Why One Should Chose A Network Marketing Home Based Business
There are many advantages for having one's own business but I believe a network marketing home business has to be the crème de la crème. Network marketing above any other online business will continue creating the most online entrepreneurs. Firstly ask any of the successful online entrepreneurs are they happier with the amount of time they spend with their families and the answer will be predominantly yes. That has to be the biggest advantage.
Business Tips from The Incredibles
Today I sat down and watched "The Incredibles" with my two boys. My mind is never idle, so I thought I would share a few thoughts, and tips I learned about Network Marketing from this movie.
The Secret to Why Network Marketing will ALWAYS work!
Some people believe that network marketing really doesn't work. To put it lightly, they're WRONG. I am going to take the next few minutes to explain to you why network marketing will always work so that the next time someone takes the time to tell you that network marketing doesn't work you explain to them how misinformed they truly are.
MLM Training: The 5 BLAZING Secrets to SCORCHING MLM Training
What do you do to build a SCORCHING HOT MLM Training Program that will develop new distributors quickly? There are many answers, but we have found that there are 5 main Secrets to Training that sets new distibutor's Success on FIRE.
The First Step To Massive Success Is Personal Development
A man with doubtful mind, lack of self confident, inaction, lack of persistence and determination if given the best proven tools and systems for success will still fail. Success comes in three 3 steps. These 3 steps must be in order for a man to have anything in life.
In the world of business, there are a few things to watch out for before you get involved as an owner, affiliate, or investor. These are important everywhere, but nowhere more important than for the so-called "internet newbie" who is looking for additional income and/or a better lifestyle. Hype and unrealistic promises that sound oh, so good are everywhere. Let's pick a few of them apart. Learning to step back and think logically can be a financial lifesaver. It might even help to look at each offer and ask if you would want your kid or your grandparent or your best friend to get involved. If the answer is "NO!" then you shouldn't, either!
Making Money With Any MLM Program
Multi-level Marketing companies abound by the thousands. A great many well-known economists are predicting this form of selling to become the prevailing method of selling by the turn of the century.
Do It! A Guide to Starting an Internet Business
The first thing I did was start searching the internet for a work at home business that would fit me. You name it and there are tons information on the Internet about every conceivable subject that you can possible think of. Each website has a "guru" who purports to teach you everything you need to know about starting online businesses.
I Was Loosing a Lot of Money with MLM... What I Changed to Keep that Money in My Pocket!
What is the Secret About a Multilevel Marketing Business?
Maybe it is the stigma attached to it, that all MLM businesses are scam, fake and plainly out there to get your money. In fact nothing could be further from the truth. Yes, there are some nasty people out there who operate MLM businesses, but there are a whole lot of ethical, honest and fantastic business opportunities out there who will give you a once in a lifetime chance of becoming financially independent.
The Single Greatest Reason People Fail At Network Marketing
How many times have you found yourself in one or more of the following situations:
|Home | Site Map|
|Copyright © 2005-2007 - Ðð©'§ pcMedix Computer Group Help Sites. All Rights Reserved.|