According to a 2006 Yahoo poll, two-thirds of Americans want to venture out and create their own home business.
Most of us have been approached by someone, maybe a friend or family member, who is trying to sell us the latest vitamin or home product. They have just joined “the best company” out there and you need to get in on this deal before it’s too late.
They are Network Marketers.
This is the vision most of us get when we hear the words Network Marketing or Multi-Level Marketing.
But the truth is, when done right, Network Marketing can be one of the most powerful business plans available today. The most important part of the previous sentence is “When done RIGHT”.
Networking allows anyone and everyone the chance to create their own business. Do it for very little money down and start part time after work or on weekends.
The problem:
The lure of easy money and testimonials of a few people who are making 6 figure incomes or tens of thousands of dollars every month have drawn thousands to the ranks of network marketing. They have been promised that they too can achieve this amazing wealth but are never trained to do it. Hence around 95% of them fail.
They warn their friends to stay away and bad mouth any person or plan they see that mentions network marketing. Network marketing has become the most maligned industry in the U.S. today.
So why should you want to start a business that involves Network Marketing. Because the 6 figure income is possible; you just need to get past the negative word of mouth and see how when done properly the Network Marketing Business Plan allows you to do something you love, be your own boss and still make a very nice living.
Here are some of the top reasons you should consider network marketing as your entry into a home based business.
1. Time Leverage – For most of us, we go to work, we put in our 40 hours for the week and we get a paycheck for the hours we put in. We trade our time for money. The only way to make more money is to put in more of our time or if you’re lucky, convince your boss to increase your pay.
Networking Marketing, however, frees you up to increase the time you get paid for. As you build a team and increase the number of people working with you in your downline, you also increase the number of hours worked in the business. You get paid for your 40 hours a week but you also get paid for the hours they put in.
This is leveraging your time.
Now let’s say you decide you only want to work 10 hours this week in your network marketing business. If you have 20 people in your downline that also decide to work 10 hours this week, you will get the benefit of your hours and theirs. That’s a total of 210 hours. Can you imagine trying to work that many hours at your “real” job this week? You only need to put in 30 hours a day!
As J. Paul Getty said, “I would rather earn 1% of 100 peoples efforts than 100% of my own efforts.”
2. Duplication – According to the dictionary duplication means … “To make an exact copy of” or “To repeat”.
For network marketers it means teaching, showing and helping other people to repeat or carry out a series of actions. Duplicating yourself means teaching someone else to follow a simple set of plans and repeat what you are doing. They in turn will duplicate themselves and your business will grow. This will result in your organization growing and taking on a life of its own.
This is how to begin to leverage your time.
3. Residual Income – The true power of network marketing is the power of residual income. It is the ability to get paid over and over for years to come on the hard work you do today.
When you first start your business you have not yet duplicated and therefore don’t have any time leverage. The hard work of planting the seeds will develop and grow into a wonderful harvest. The harvest is the residual income you earn from developing and leading others in planting their seeds.
This duplication creates time leverage and in turn creates a residual payout from the work of the downline you have grown.
Working and helping others to achieve their dreams builds your success. This is the TRUE POWER of NETWORK MARKETING. Your success depends on the success of those you train. It is in your best interest to help those below you and build them up. It’s a business plan of helping others instead of climbing over and stepping on those below you to reach the top.
4. Tax Advantages – Creating a home office can be one of the smartest things you ever do. Having a network marketing business that you work out of your home allows you to take advantage of many tax savings. The only requirement is that you do your work like a business and keep records of all the things you do. A journal is a great way of doing this and it’s easy too!
By having a home office, you can write off part of your house mortgage and the costs to maintain that part of your house. You can write off your car, lunches at the restaurant, trips, and many other things you are already doing. As long as the cost is business related and you document it, you can write it off.
The tax advantages gained by opening up a network marketing business out of your home can save you hundreds if not thousands of dollars each year. So before you have even signed up any downline or sold any product, you are already, in a sense, making money from your home based business.
Network Marketing truly is a powerful business plan. It makes everyone work as a team towards a common goal; A goal of success!
No business works itself.
There is no such thing as free money.
But there is a way to leverage your time, duplicate yourself, and create a residual income that can truly make your dreams come true.
It’s all in the POWER OF NETWORK MARKETING!
By: Michael Tomberlin
Archive for September, 2009
The Power of Network Marketing
September 30th, 2009Robert Butwin’s ‘Street Smart Network Marketing’
September 29th, 2009are somebody who wants to start your business and attain ultimate freedom using Network Marketing, you should know (or learn to know now) who Robert Butwin is.
Robert Butwin grew up in a successful family of self-made millionaires. However, he later pursued a more personally satisfying life in Network Marketing. He is a more than successful Network Marketer as he has twice been named “Distributor of the Year” by the professional trade organization, MLMIA.
Butwin has published a book titled ‘Street Smart Network Marketing’ which guided Network Marketers, including me personally, in exploring the street smart wisdom of master networkers. According to Robert Butwin, “A Street Smart Networker is a man or woman who has a clear vision of the big picture, plus the common-sense ’street smarts’ to know how to play the game and win – and to do it with integrity.”
In his book, he stressed some very important points to help Network Marketers achieve their one goal which made them start this kind of business in the first place: to be free! Free from a job, free from a boss, free to earn as much money as they choose, free to spend time with families and friends… and so much more.
Some of the most important things a Network Marketer should have or do to succeed are:
Join the right company.
The company you choose to represent will be your ‘car’ to your success and financial freedom. So when choosing a company, be as cautious as you would be when buying a real car. The company, the product, their marketing resources and tools should all have integrity. Find a company which sells a product that you could love and that is so good that sells itself. Choose a company that has such great marketing tools that you could easily duplicate and literally ‘plug-in’. Or a company with a duplicable business system. And of course the company should pay a juicy amount of comissions. Here is an example of a company of those qualities: Success University.
Find a mentor.
Every successful network marketer have a whole bunch of mentors, trainers or coaches. Network Marketing is about duplication! They can help you avoid the mistakes they once made in the past and help you stay on track as you move on. Mentors are valuable resources of new ideas and approaches. Communicate often with them. Successful mentors will always be happy to help because your success is their success too.
Change your mindset.
It’s all in your mind! If you believe that you can make $10,000 per month, then you CAN! Networking mentor John Milton Fogg calls this “habitudes” or habits of attitude. In his book, Robert Butwin explains in detail the powerful ‘habitudes’ for Network Marketing. In order to be able to *do and have* what you want in life, you must first *be* the kind of person you want to become.
Set your goals.
Goals are tools to keep you focused and help you become more and more determined to succeed. Be specific when writing down your goals. How much money would you like to earn in 1 year? 2 years? 3 years? After writing it down, put your goals everywhere, so you will be able to see it all the time.
Dedicate your time and effort to your team.
Network Marketing works differently from a conventional business. In a conventional business, you work for a boss who works for his boss, and his boss works for his boss and so forth. In network marketing your focus and
dedication should go to your team, the people you lead because they joined you. Whatever you are planning to do with your business, do it for the sake of your team. Your team’s success is your success. And even with an excellent network marketing company, your upline’s success will be your success too. Success University is one of the companies that allows this kind of benefit for both uplines and downlines.
“No” is not a personal rejection of you.
There will be numorous of people who will say ‘no’ to your business. Don’t take it personal. Some people does not have the big picture about becoming free or about the unlimited opportunity that network marketing has to offer. No matter what you say to them, they will just never say ‘yes’. Make sure that you spend your energy only for those who share the same big picture with you. These people should be your target.
You will find more valuable tips on how to become a Street Smart Network Marketer in Robert Butwin’s book. In it he shares in great detail what he has learned – things that have worked, and things that haven’t. Guided by his step-by-step practical advice, you will be able to avoid common mistakes people make and duplicating successful strategies that has been proven. This way you will not be like many people who fails and turn their back on this
industry. In doing so, they turn their back on unlimited possibilities.
In the back office of Success University, students and network marketers have free access to a course based on this book, Street Smart Network Marketing. The 30-day free course has helped hundreds of students and networkers become successful.
By: Dinar P. Wiria-atmadja