Friday, November 14, 2014
The world as you know it has changed. It will be the worst of times for people who don’t recognize that fact but for the people who do, it will be the best of times.
Over the past 100 years, an interesting phenomenon occurred. The rise of the corporation became the standard of the society. The safe and respected place for people to exist in the world was as an employee.
Step 1: Go to school and learn how to be an employee.
Step 2: Find a company that will employ you.
Step 3: Work for that company for 40 years.
Step 4: Retire.
In recent decades, the promise of being rewarded by the company for your loyalty has been exposed as a myth. People began to realize that the loyalty they were giving to their company was not being reciprocated, so a different process evolved…
Step 1: Go to school and learn how to be an employee.
Step 2: Find a company that will employ you.
Step 3: Switch companies for various political and economic reasons every 3-5 years over the course of your career.
Step 4: Find out that you can’t retire comfortably after 40 years, so you keep working.
Now we’re going through the biggest shift in our lifetime. For a century, companies have paid people by the hour, week or year, that’s changing on a global level.
The world is moving towards a performance economy. In the future, you’re only going to be paid for your performance, not your time anymore. For example the server in the food industry are paid very low hourly wages which is required by law and they make their living through tips, based on their performance. You can imagine that being applied to virtually every profession in the world…
For the office worker, here’s an example.
Let’s say you earn $60,000 annually…
Step 1: The company will lower that salary to something like $50,000 because with today’s marketplace there are other people to take the job for a lower amount.
Step 2: They will reduce your “base” salary to something like $20,000
Step 3: They will tell you that you can get an additional $30,000 over the year if you hit certain performance benchmarks monthly.
This means that if you hit your numbers, you can make an additional $2,500 per month. Now the pressure is on, and the company is loving it. If you don’t hit your numbers, the company can save more money and if you do hit your numbers, guess what? They are going to raise your requirements.
Unless you’re extremely specialized, this will happen to you, if it hasn’t happened already; and it will happen to every single profession worldwide. The evolution has begun.
Why is this happening?
One: it is a better model for the company. They’ll get better results with less expense.
Two: The New Economy needs fewer people, so the company has more people competing for fewer and fewer jobs.
Why does the New Economy need fewer people?
The exponential rise in technology has changed everything…
Remember customer service call centers where you talked to people? Today, you talk to a machine and those jobs are gone.
Remember when companies had a massive amount of salespeople? Now people order online and those sales jobs are gone. I could go on and on…
Technology and efficiency are eliminating jobs every single day, and there’s nothing we can do about it. In fact, it’s only going to accelerate. If you’re sitting there waiting for the economy to bounce back and for jobs to return, don’t. They aren’t coming back.
Network Marketing is BETTER…
The best way to not only survive, but to thrive in the New Economy, is Network Marketing. More and more companies are going to choose Network marketing as a means to tell their stories to the world because it fits the New Economy. They can provide all the corporate support and pay distributors on a purely performance basis to promote their products. It’s extremely efficient because in the New Economy, word-of-mouth advertising continues to work better than any form of promotion.
What this means for you as an entrepreneur is that you can receive all the benefits of traditional business ownership without typical risks, and there will be no cap to your income because Network Marketing companies want you to make as much as possible.
If you’re going to be paid for your performance anyway, why live with the cap???
This article is an excerpt from Eric Worre’s book “Go Pro – 7 steps to becoming a Network Marketing Professional” Grab your paperback or kindle copy on Amazon. It is rich!
Wednesday, November 12, 2014
So I went researching to know what a good network marketing company should look like cos I realized that one thing that put people off and make them quit early is a lack of understanding of what to look out for in a good MLM company. Below are my findings… I hope they’re useful to you, cos they are quite useful to me and make me very confident in my MLM Company of choice. I’ll reveal that info pretty soon…
It’s important to understand what makes a successful multi-level marketing company. First it has to be a company with a proven track record that shows integrity with every business decision.
Look for these important business practices:
1. Quality Product
Innovative, quality products speak of the credibility of the company—and you as a Distributor. Look for a market leader with a proven track record
2. No Pass-Ups
Nobody in your downline should ever be promoted above you. A promotion for them should be a promotion for you too.
3. Financial Stability
Steady growth is a strong indicator of a successful future. Review growth charts and sales figures for the entire life of the company.
Look for a company with at least a 5-year track record of growth and strong management.
5. Consumable Products
An active customer base is critical to a successful home-based business. This can only be built with quality consumable products.
6. Extensive Support Network
Your success represents the success of the company. A good company will offer excellent training, seminars, incentives, and a support center.
7. International Presence
A company with an international presence demonstrates stability, growth, and ample industry experience.
Monday, November 10, 2014
Let’s face facts; everyday each one of us is involved in network marketing. For example, my friend sees my new suit, beautiful, elegant and so so fitting all the curves and she asks where I got it, I give her the name of the boutique and she goes there and gets one just like or almost like mine. Or, I need a good language school to enroll my son in and I post it on my BBM or Whatsapp and in a split second 5 or 6 friends bombard me with names of good schools or language teachers to contact, I get in touch with a few of the them, check them out and eventually pick one and enroll my son. I could give so many more examples, but I’m sure you catch my drift.
The only difference between what just happened above and network marketing is that my friend doesn’t get a discount because I referred her to that boutique, neither do I get paid by the boutique for referring her. I also don’t get a discount on the tuition from the language school because I got a referral neither does the one who referred me get paid. But in network marketing the exact opposite happens! When I refer you, I get paid and you get a discount cos I referred you. Which means that the more people I refer, the more I’m paid and when the people I refer in turn refer others, they get paid for the referral, I get paid for my referrals’ referrals and the referrals get the products or services at a discount because they were referred.
Robert Kiyosaki said that "the richest people in the world look for and build networks..." now that’s the way to go. Wouldn’t you want to build a network and make money while at it? Here's another instance. Let’s say at the end of a school term you have 10 families who have enrolled their kids in the same school your kids attend and they were all referred by you, do you know that is a network you’ve built?! At each PTA or family games you’d all form a team or something since you all knew each other and maybe if one of you were vying for a position in the PTA the rest of course would vote for him/her, but that’s all you get from that. How about if you were to get paid for all the ten families? And if you were paid a percentage of the tuition each term that each family paid their school fees? Can you imagine how much you’d make? And if each family in turn referred some more families to the school they get paid for each family they referred, you will also get paid for their referrals. This means that even long after your kids have left the school, as long as the families you referred and the ones they referred and the ones those ones referred and so on and so on keep referring more families and they keep paying school fees, your money keeps coming into your account from that school. It’s called residual income. Whether or not you are actively involved, you keep getting your income. How about that?
Let’s talk about active income and passive income. Active income is what we receive when we are on the left side of the quadrant, you know the E and S [Employee and Self employed/small business owner]. As long as you are working, either at a job or your small business, your income keeps coming and hopefully rising as well, but, the moment you stop. It stops. Highest the pension and/or savings will last you a few months or years but that’s it. This therefore means you either keep on working on someone’s job, i.e. helping someone else build their dreams, or struggling with your small business or your self employment. Now for those on the right side of the quadrant, they are the B=Big business owners and the I=Investors, what they earn is passive income. Whether or not they are actively involved, their income is constantly flowing and working for them.
Which side of the quadrant are you in? Which side so you wanna be in?
Adios! Let’s talk more soon