One of the more popular avenues of achieving “financial freedom” is network marketing. The vision of working hard for a while and then having “residual income” forever “without working” is appealing on many levels.
So how does that work in practice? I am not going to bore you with statistics and case studies, although I could share my own undistinguished experiences. I want to take a look at the mechanics from a coaching stand point and offer some strategies that may help you succeed if you choose this business model.
What does it take to succeed in network marketing? I think there are three keys – passion, purpose and planning.
Passion for your products and business
In any business you need to be passionate about what you are doing if you want to succeed. The passion fuels your desire and sustains your efforts.
Purpose
Identifying your purpose can come from examining your natural abilities (strengths), passions and pastimes. What we do without effort is a clue to the tools we have to perform our purpose.
Planning
We’ve all heard the old saying, “failure to plan is planning to fail.” In business, and I would say especially network marketing, that planning should include the need for support.
Photo by WorldIslandInfo.com
Dave West on July 23rd, 2009 at 12:54 am
As a writer and publisher I have seen many “biz opportunities” come and go and it serves no real purpose to go-over why they failed and folk lost money.
Suffice to say that so long as we identify the vital ingredients in an MLM: a superb product, realistic and lucrative payplan and honest and talented people at the helm, then we stand a good chance of seeing our money and efforts prove a wise investment.
If you recognise the absolute need for a financial safety-net in the current marketplace downturn, wish to max yours, your family’s and other folks’ lives, then I believe James Lee Valentine, a published author of some 60+ titles, may have the answer for you.
James is an inspirational writer, speaker and motivator in empowering people’s lives all over the globe.
He has now turned his attention to the online media and chosen to re-launch his ongoing works via networking. This launch is imminent and already those many net leaders who have the ability to pull in vast numbers of people have been active in a “soft launch”. The full launch is early August.
All of those taking part in this grand venture – including myself, as some one who welcomes another stream of income and also shares an interest in powers of the mind on our lives, are now quite excited.
This MLM is on subscription and though referring is optional to maximise income, so long as you are paid up then you are going to make an ever increasing monthly residual income.
James’ works are so important, relevant and inspirational that, coupled with being in profit very early on (there will be some spillover), no one is likely to cancel and so the residual income that disappears in so many schemes will not happen with Millionairex1.
Why “Millionairex1″. It may seem a bit off-putting if this lines the business alongside the many grandiose schemes we have seen that “will make you a millionaire”.
In this case all it implies is that for those “big-hitters” who wish to work at it full-time, it will be possible to make a million dollars with this. There will be millionaires created. But for those of us with smaller targets, the format will work just as well.
The company stress that they would prefer members who are prepared to put in some work, though it is not necessary to sponsor new referrals.
However, the compensation plan is based on the accepted 2 x 2 (6 members total) and for a $30 monthly subscription those six people will pay you $100 monthly.
After your first month there is no need to add to those six if you choose not to because your second month’s subscription buys you another 2 x 2 matrix and those same six people follow you in, to pay you a further $100 added to another $100 from your first month’s matrix, which remains open.
Your residual income builds month after month and it is entirely possible – maybe for the majority – to have an income of $12,000 in a short few months . . . much more if you are prepared to sponsor.
I think that James and his advisers in Millionairex1 have covered all the bases with this and come up with what could prove to be the sensation of the year.
I have provided a link to a bullet-point summary. Please also click the link on that page to go to my personalised “Millionairex1″ website. You can get a website just like mine, personalised with your photo. Join me and I promise 24/7 support.
Dave West, JK Publishers, Linton Press.
info@jkpublishers.com
Oscar on July 23rd, 2009 at 12:20 pm
Passion is incredibly important for being successful. I’m sure every entrepreneur knows that the first try is likely not going to be very successful. The successful entrepreneur keeps going at it and tries all sorts of avenues. Entrepreneurs now should be realizing that if they haven’t been doing to well, they finally have a shot now, harnessing social media and social networking for great marketing opportunities. For example, uploading a video onto YouTube, Veoh, and AdWido can generate a lot of interest in your brand — and the time and cost for this is relatively very little.
HGardner on July 27th, 2009 at 11:37 am
I have only been in the MLM industry a short time, but in that time I discovered the freedom MLMs offer. I haven’t replaced my full time job yet, but my goal is to be a full time marketer within five years.
I am choosing to build my team slowly. I’ve seen many people come and go because they were never trained how to succeed. I have a team website for new team members and many custom capture pages, that keep me going with fresh leads.
My advise is if you are interested in joining an MLM first see if the product(s) is something you would use on a daily basis and if it is, is there a support system in place to help you succeed.
Blessings,
HGardner