If running your own business is truly "The World's #1 Financial
Success Strategy", then why is it that so many people fail
miserably, and only a tiny percentage actually achieve the dream
of true Financial Freedom and Independence?
You may think from that question that I am not a believer in the
substantial benefits of running your own business. Quite the
contrary, I do believe that is "The World's #1 Financial Success
Strategy"! I'm also a strong believer in the network marketing
business model - the only business type I know of that takes full
simultaneous advantage of three powerful forces - Residual
Income, Leverage, and Geometric Growth Potential.
Few people truly understand that powerful trio. But using
leverage to build an ongoing stream of residual income can make
you a "Virtual Millionaire" much quicker than accumulating assets
by any conventional means. And helping others simply understand
those concepts can help light your favorite network marketing
business on fire! Details are available from me in a one page
free report, "3 Millionaire Secrets Revealed".
Not truly understanding the "business model" in the first place
is one reason why more people don't have the success they dream
of. Too many people jump into many "opportunities" for the false
promise of "get rich quick for doing little or nothing".
Unfortunately this "lottery mentality" runs rampant in our
society, and is understandably more exciting to some than the
proven concept of: Study - Gain some Knowledge - Develop some
Skills - then Take Action to achieve your dreams.
But if honesty and integrity are as important as I know they are,
those traits have to start with and be practiced by each
individual. If you're honest with yourself and use common sense,
which of the two "philosophy's" above are more likely to create
long term success?
Do people win the lottery? Sure they do! But what percentage is
that? It's only a fraction of one in many millions. But a much
higher percentage of people have "true success" in many areas of
life every day using common sense, integrity, and honesty.
So, what's the "secret" to having success with your own business?
Or more specifically what's the secret to having success in
network marketing, the most popular segment of the "home-
business" industry?
The truth is: There is no one, simple, magic answer. But if
you're willing to study and do a little research, use a little
common sense, and be honest with yourself, it's not all that
difficult to come up with what separates the 'winners' from the
'losers'.
My "Success Team" has identified five key areas we call the "5
Pillars to Success". I'm happy to send anyone with interest a
free, one page summary report that highlights all the details.
Like a chain with a weak link, ALL five areas are critically
important. If there's just one weak "link", it's impossible to
reach the readily achievable dream of long-term residual income,
financial freedom, or early retirement.
The first "Pillar" is: Company LEADERSHIP. Do they have Ethics,
Integrity, and Proven Experience?
There are many potential ways to come up with answers to that
question. But one of the best is to STUDY their "Policies &
Procedures". All distributors are supposed to read this document
before joining. But I'm amazed at how many I talk to on a
regular basis that never actually read their company's "P&P"!
That one document can tell you more about a company's honesty,
integrity, and intentions than anything else I know of.
I'll freely admit, for most of us, there are a lot more FUN and
seemingly productive things to do. But if you start reading some
of these company documents, you might be amazed at what you
discover. This industry is not immune to the greed and
corruption already well publicized in the corporate world, and
some well known companies have some shocking "secrets" in their
company "P&P's".
Talented salespeople and con artists can tell you lots of things
to appeal to your emotions. But true network marketing is NOT a
sales business, and facts are in "black and white" in the "P&P".
You don't have to be an attorney to read and understand some of
the better ones. On the other hand, if it's written in such
technical language or 'mumbo jumbo' that it's difficult for a
layperson to understand, that may be an early red flag.
Some of the questions you're looking to answer are: Is it fair?
Who does it protect more - the company or the independent
distributor? Does it favor one over the other? Does it allow
"walk-a-way income" - or are there requirements or key words in
it like "ongoing recruiting, training, sponsoring" etc.? Are
their "loopholes" to unfairly steal your commissions someday?
You might be surprised and disgusted by some of the true horror
stories of successful distributors who've been unfairly robbed by
unethical or unscrupulous companies.
Another important area that can give insights into a company's
"integrity factor" is the compensation plan. While there's
probably no other area with more confusion and misunderstanding,
a little study and research can go a long way. Comp plans drive
BEHAVIOR in the field! That one, simple, but little known fact,
explains a lot of unsavory things that happen in the industry.
And it's critically important to understand.
Does the comp plan reward you for promoting products - NOT just
for recruiting reps? Does it pay on VOLUME, not just levels? Is
there excessive "BREAKAGE"? Does it pay part-time people a fair
percentage? Does it promote the false promise of "spillover" or
"get something for nothing"? If you're interested, many articles
have been written that go into more details on these topics. And
joining a company without understanding compensation plans is
like taking a job with no clue how much you'll be paid.
As you can see there are many factors and questions to be
answered correctly if you're HONESTLY hoping for a REALISTIC
shot at the awesome benefits and rewards of running your own
SUCCESSFUL business. But if you're willing to look in a mirror
and proclaim that honesty and integrity are important to you, it
is possible to achieve your goals and dreams, and create a life
and lifestyle most people only imagine.
It's naive to believe there aren't "bad apples" in every bunch.
By the same token it's a mistake to believe you can't find a very
good one, just because some are "bad". Just use honesty and
integrity as your guides.
My favorite company's motto is, "Build it ONCE, build it BIG, and
build it to pay your children's children." That can only happen
with a core foundation of honesty and integrity running all the
way to the top.
If you're serious about long term or above average success with
your own business, do a little research and get educated. Then,
go out and enjoy the time of your life achieving your dreams!
Nothing is impossible. Our ONLY limitations are our own
ATTITUDES and BELIEFS. With an open mind, willingness to learn,
and positive attitude and beliefs, you might be amazed at what
goals and dreams you can accomplish and achieve.
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