Thursday, January 15, 2009

US foreclosure filings up 81 percent in 2008

Yahoo News reports: "WASHINGTON – More than 2.3 million American homeowners faced foreclosure proceedings last year, an 81 percent increase from 2007, with the worst yet to come as consumers grapple with layoffs, shrinking investment portfolios and falling home prices."

The future is looking very bleak for many people. Foreclosures are up, bankruptcies are up, unemployment is up, the stock market is operating like a roller coaster, and the forecasters are saying that 2009 isn't going to be any better.

What they don't know and understand is that it's going to be one of the best years ever for the network marketing industry. It's been reported that during the great depression there were more millionaires created than in any other single period of time in the U.S. history. Now, we aren't in a full blown depression (yet), but we are in a major economic downturn that is spiraling further down and network marketing prosperes in this kind of market.

If you have a network marketing business, you've got the answer to the woes of many people in your area. In other words, there are many more people than normal who are in the "looking zone." They are looking for a solution to their financial struggles and fear about the financial future and you've got it. It's time to start sharing your business with everyone you know.

A few months ago, I jumped back into network marketing after being retired for seven years. I had built a large international network between the years of 1995 and 2001 and then retired with a lucrative full time income. I've been enjoying the time and financial freedom ever since. But as I began to see the signs of this economic collapse, it became clear to me that I was going to need another stream of income, so I'm back in the game.

This time around, I've found it very interested that so many more people are open to looking at my business. I'm sure you will find the same thing, if you just get out of your comfort zone and start talking with people. Ask them, "are you open to ways to bring additional income into your household?" OR "would you be interested in looking at a way you could increase your income?" OR "with this major downturn in the economy, it just makes financial sense to have multiples streams of income - do you?" If these questions don't work for you, come up with your own. The key is to ask a question that will begin a dialog where you can present your business as a solution to the financial situation both now and in the future.

It's time to turn off the television (there's nothing worth watching anyway), minimize the distractions, put the blinders on and start building your business. If you're with a good company that is going to be around for many years to come and you just work hard and smart for the next couple years, you will be very wealthy and enjoy an amazing financial future. The timing is perfect. Are you going to catch this wave or stay in your comfort zone and miss out on probably the best opportunity you will see in your lifetime? The choice is yours! I just hope you make the right choice.

Rod Nichols
Author, The Twelve Power Secrets for Network Marketing Success