Thursday, September 15, 2011

Retiring Poor

Why should people be interested in network marketing?

There are many reasons - great products, tax benefits of a home-based business, personal development, meet new people, make more money, and many others. One of the main reasons should be so they don't have to retire poor.

In the past, a person could go to work for a company, work 40 years and retire with a comfortable pension. This is no longer the case. Corporate downsizing has basically eliminated the 40 year plan. You can no longer rely on a corporate pension for retirement.

What about Social Security? According to analysts, the movement of 76 million baby boomers into retirement age will bust the Social Security system early in this century. Plus, right now the highest monthly social security income is under $2,000 a month! Could you live comfortably on that? In fact historical data tells us that at age 65, 1% are wealthy, 2% are self-sustaining, and 97% are dependent on either the government or family. In the richest country in the world, only 3% retire with enough money to take care of themselves.

How about investments? The instability of the stock market and interest rates has made it difficult to build a good retirement portfolio. What it really comes down to, is that your financial security is in your own hands.

What is one of the best methods for securing your financial future? A residual income developed through network marketing. Instead of making that 40 year commitment to a job, make it to your business. Imagine what your residual income would be like if you did work your business for 40 years. There are people in Amway with residual incomes in excess of $1,000,000 a month after only 20 years!
In just 5 years I built a residual income that equates to interest income from a $1,000,000 investment portfolio. What else could you do that would enable you to do that?

Build your own retirement income and promote that as a feature of your network marketing opportunity. You'll be surprised at how that changes people's perspective on the network marketing industry and your business.

Tuesday, September 13, 2011

Quantum Leaps

Network marketing is a business that is fun to build fast and often frustrating to build slow. It is important that you have quantum leaps in your business. According to the book You Squared by Price Pritchett, here is what you need to do to create quantum leaps:

1. Change your personal rules for success - success is not achieved step-by-step. It is a achieved in leaps and bounds. You must change your attitude, get out of your comfort zone, do things that you might not normally do.

2. Quit trying harder - working hard does not create quantum leaps, only more work. You must work smarter. Shift gears. Change your patterns. Use different techniques.

3. Ignore conventional approaches - figure out what everyone else is doing (that really isn't working) and do something different. Find techniques that are working in other industries and try them with your network marketing business.
Analyze what you are doing and it's effectiveness on a daily basis. Keep doing what works and get rid of what doesn't.

4. Believe - whatever the mind can conceive and believe, it can achieve. If you can think it, you can do it. Keep an attitude of belief that you will be successful and do no let the naysayers sway you from your path.

5. Focus on the target, not the path - keep your eyes on the target and move into action. You will get there. The path is not so important, because you will probably change many times along the way.

6. Trust in the power of pursuit - it has been proven time and time again that if you continue to talk with people, sponsor, and help new distributors duplicate, you will be successful.

7. Seek failure - Babe Ruth is known as one of the greatest home run hitters of all times, yet he was also the strikeout king. He could never have hit so many home runs, if he wasn't willing to strikeout. If you move into quantum leap action, you are going to fail. Look at those failures as stepping stones to success.

8. Get out of your comfort zone - huge success in network marketing requires you to do things that aren't comfortable.
Get out there and talk with people, set up speaking engagements, walk around the mall and talk with people, call prospects on the phone, do 3-way calls, etc.

9. Fall in love - you must love your products, company, and upline. Fall in love with your business and every day will be a pleasure. As with all love relationships, there will be ups and downs, but love will prevail.

10. Just do it - don't worry that you don't know everything about the products, company and compensation plan. It doesn't matter if you can't answer every objection. Get out there and talk with people. You'll learn as you earn.