Network marketers who actually take action have experience success, and they are in the industry’s average of 1 in 50. The people who get into action are getting results, and their success becomes its own motivation.
At first it is hard to get the ball rolling to get momentum. You get motivated by the success you experience. When you break your momentum it is difficult to get things going again. Enthusiasm is not the only thing that will keep you going. When you lose your enthusiasm, when your attitude level drops, when obstacles come into your life that is the time when you need to demonstrate your sustainable motivation.
Most of the time, people think if they go out and act enthusiastic everything else will fall into place. You need to know that enthusiasm is not a long-term motivator. Most people drop the ball, and they don’t work consistently when they are going through challenges. In order to survive the setbacks in life, you have to develop an optimistic attitude and develop a sustainable motivation.
All the motivational books and speeches from your upline are external motivation. They will equip you for success and will help you develop a sustainable motivation. You have to focus on that internal drive or internal motivator which you must consistently cultivate. Your sustainable motivation is your internal unrelenting drive to overcome your obstacles with positive outcomes. Only you can provide this internal drive or sustainable motivation.
You must spend about 30 minutes every day reading something uplifting and positive. You have to learn something new everyday that will move you forward. Overtime you will develop that sustainable motivation. The internal motivation is within you.
When you face challenges and obstacles it will pop-up and will move your business forward. It does not mean that you will not get derail at times. With sustainable motivation it will help you to stay focus. It will help you to say this is what I must do even though I’m facing challenges that are difficult. I will make it through and achieve the things I want.
Sustainable motivation is not just having an affirmation and telling yourself good things will happen. It is getting into action and turning your dreams into reality. A lot of people think they need to be motivated first before they take action. You first have to get yourself started into action and consistently build momentum.
You have to take action consistently to develop your state of mind and sustainable motivation which will further help you to build your drive and passion. No body can tell you that you have sustainable motivation. One day you will realize you have it. When you face a huge challenge you will realize that you always had sustainable motivation.
Do you want to be the one to succeed in network marketing? Do you want to be the one to beat the odds? You can do it. Most of the people in the high 90% who want to build the business and are willing to take action are successful. Here is the key to your success. You have to tell yourself – “I can’t give up when things get tough.”
You can’t give up when obstacles come in your way, because obstacles and setbacks will show up to test your stamina and determination. One of the best way to make sure you are not going to give up is to be motivated by what you are doing. You have to consistently focus on prospecting and finding quality business partners whose time and effort you can leverage off in a win-win strategy to build the business.
It is not picking up the phone and doing the typical show and tell. It is using effective marketing strategies. This marketing strategy is based on the concept of sharing your favorite coffee with your friends. You are telling them how wonderful and tasty it is, and then you let them decide for themselves if they want it or not. It is a natural approach. If you are motivated by what you are doing, you are in a much different state that keeps you excited and passionate about what you are doing.
You are thinking about all the things you can focus on that is positive when you are building your business. Think about all the things you can feel good about as you build your business. Think about all the people you can help with your business. How can your business add value to their lives? How can your business improve their situations? Close your eyes and think realistically and not in terms of the get rich scheme. In this business everyone wants to make it massively rich and quick. Think about it in the real everyday life. What does an extra $500 per month means to many families?
In real life most people are looking to earn an extra $500 to $1,000 per month. Do you know what kind of a difference it will make to the income of most families? What would you have to do in your job to make and extra $500 per month? Even if you are making a good salary an extra $500 per month is a huge raise. What about $1,000 per month? What would you have to do to get that kind of raise? How much money would you have to keep in a CD to earn $1,000 per month? Do you know how realistic it is to make $1,000 per month in network marketing?
Think of how your business can impact your prospects in terms of their financial freedom and financial security. Think of how you can help to reduce their stress and worries and help provide financial independence for some families.
When you call prospects, focus on the positive side and the pleasure of helping them to achieve their goals, and you will find your business enjoyable and full of fun. When you start focusing on the positive conversations with prospects, not everybody will be interested in your offer. But people will respond to your message and that will be the highlight of your day, week, month, and your business will be the highlight of your life. And it will be great to see how you are impacting other people’s lives. When you did not think you could succeed in network marketing.
Thursday, May 29, 2008
Wednesday, May 28, 2008
You Can Be The One To Succeed:Connect With Prospects As Business Partners -- Part IV
As you bring people into your business, you have to connect with those people on the level of being business partners not as superstars who will take off and make you rich. You can't be thinking about 3 who gets 3 or 5 who gets 5. This is just a basic model to explain what network marketing is about. It is not a set of rule for you to follow. You have to get business partners into your business, and partners work as a team. It is not about one person taking off and generating a lot of residual income for you.
Network marketing is about a team. A team means together everyone does more. It is building relationships with ideal partners who are authentic, real, and have high moral authority. Team members are disciplined, focused and will get out and get the job done for the best interest of the team.
Business partners have an idea of where they are going and how they will get there. They are willing to sacrifice for the future. They learned the secret of giving before they receive. They are able to bond easily with people. They know how to communicate. They are believable and are visionary. They are supportive, and they don’t take rejection personally. They are inspirational, confident and enthusiastic. They are interested in the personal growth and development in themselves and their partners. They are also vulnerable.
It is import to develop strong relationship and bonds that produce loyalty. Partners are people who show compassion and are sensitive to other people’s emotions. They are persistent, teachable and committed to getting the job done. They don’t worry about what other people are thinking or doing. They are committed to leading by example and with actions. They are genuinely humble and willing to contribute to others. They strive for improvement as they work to develop themselves and build their organizations.
You want to look for people who fall in those categories. You have to keep in mind that not everyone you work with would be highly skilled in all of these areas with all of those strengths. These qualities are developed and nurtured over time. Are you a person with those qualities? Are you reliable and committed to getting the job done? Are you committed to investing into other people? Are you the type of person people want to do business with and to have as a business partner?
It is important for you to take a step back once in a while and ask yourself: “What can I improve on? To find a place where you have a problem is not bad, but once you know the problem you can fix it. Your optimistic attitude will lead you to action. You will succeed with carefully planned actions. Success will not happen on its own simply because you join a company at the right time.
The right time is one of those myths. Action will only happen when you act. Success is not going to happen without motivation. You have to have the drive to build your business. This drive comes from having a positive and optimistic view of life. It comes from your determination to find solutions to problems rather than finding excuses. Once you look for solutions, you will find them. It all comes down to the quality of questions we ask ourselves. If we look for the reasons why things are wrong, we will find reasons why things are wrong. If we look for reasons why things are going to improve or how we can improve these conditions, we are going to find answers to those questions.
Knowledge, experience, skill and even raw talents all are going to play into your experience. We all come to the table with different level of these ingredients. Some people have enormous amount of raw talent. They have a knack for connecting with people and building rapport. They are able to bond easily with other people, but they still have trouble with their business because there are other elements that are required to build a successful business.
You can have great talents and abilities, you can have great academic preparation, you can have great experience in your field, but all of these are irrelevant if you don’t take action today to build your business. Ask yourself this question, “What would my organization look like if my downline did half of what I did yesterday?” Everything duplicates whether it is positive or negative. Attitude, actions, and enthusiasm duplicate.
Network marketing is about a team. A team means together everyone does more. It is building relationships with ideal partners who are authentic, real, and have high moral authority. Team members are disciplined, focused and will get out and get the job done for the best interest of the team.
Business partners have an idea of where they are going and how they will get there. They are willing to sacrifice for the future. They learned the secret of giving before they receive. They are able to bond easily with people. They know how to communicate. They are believable and are visionary. They are supportive, and they don’t take rejection personally. They are inspirational, confident and enthusiastic. They are interested in the personal growth and development in themselves and their partners. They are also vulnerable.
It is import to develop strong relationship and bonds that produce loyalty. Partners are people who show compassion and are sensitive to other people’s emotions. They are persistent, teachable and committed to getting the job done. They don’t worry about what other people are thinking or doing. They are committed to leading by example and with actions. They are genuinely humble and willing to contribute to others. They strive for improvement as they work to develop themselves and build their organizations.
You want to look for people who fall in those categories. You have to keep in mind that not everyone you work with would be highly skilled in all of these areas with all of those strengths. These qualities are developed and nurtured over time. Are you a person with those qualities? Are you reliable and committed to getting the job done? Are you committed to investing into other people? Are you the type of person people want to do business with and to have as a business partner?
It is important for you to take a step back once in a while and ask yourself: “What can I improve on? To find a place where you have a problem is not bad, but once you know the problem you can fix it. Your optimistic attitude will lead you to action. You will succeed with carefully planned actions. Success will not happen on its own simply because you join a company at the right time.
The right time is one of those myths. Action will only happen when you act. Success is not going to happen without motivation. You have to have the drive to build your business. This drive comes from having a positive and optimistic view of life. It comes from your determination to find solutions to problems rather than finding excuses. Once you look for solutions, you will find them. It all comes down to the quality of questions we ask ourselves. If we look for the reasons why things are wrong, we will find reasons why things are wrong. If we look for reasons why things are going to improve or how we can improve these conditions, we are going to find answers to those questions.
Knowledge, experience, skill and even raw talents all are going to play into your experience. We all come to the table with different level of these ingredients. Some people have enormous amount of raw talent. They have a knack for connecting with people and building rapport. They are able to bond easily with other people, but they still have trouble with their business because there are other elements that are required to build a successful business.
You can have great talents and abilities, you can have great academic preparation, you can have great experience in your field, but all of these are irrelevant if you don’t take action today to build your business. Ask yourself this question, “What would my organization look like if my downline did half of what I did yesterday?” Everything duplicates whether it is positive or negative. Attitude, actions, and enthusiasm duplicate.
Tuesday, May 27, 2008
You Can Be The One To Succeed:Think Like A CEO -- Part III
You have to gain the basic skills and knowledge to be able to go out and succeed. Your improved skills will help to change your attitude, make you more confident in your quest to build your business, and help you to progress and get better results with prospects. If you are not succeeding in your business, you have to take control of your business and start succeeding. You want your business to grow. You have to think like a CEO. It begins with your attitude, and it will filter throughout your organization.
“The 4 Major Reasons Why People Fail” in the business are lack of:- 1) Money 2) Skills 3) Customers 4) Action. To succeed in any business, you have to be motivated, be educated, and be equipped with the skills to succeed in the business. It is not about just wanting to succeed. You have to be willing to build the business. The whole foundation is based upon your attitude and developing the skills so you can build the business.
You are the CEO of your business. The CEO is responsible and accountable for building the business and to keep it competitive and successful in the marketplace. You can’t just jump into network marketing to get rich quick by expecting to find one or two people who will become blazing stars and for the rest of your life you will have residual income.
In this business you have to think like a CEO. You have to think about profit. You have to think about cash flow. You have to think about your marketing budget. You have to be working from a plan. You have to be taking consistent action to make sure you have a steady flow of the right prospects, and contacting your prospects the right way. It all comes down to developing the necessary skills to get the job done. Deep down inside, you must have the attitude and willingness to do what you know you have to do as a CEO to put yourself on track and to achieve the results you want.
It goes back to thinking like a CEO. You have to look at the bottom line. You have to look at cashflow. You have to look at how you business is growing. You have to look at what is working and what is not working. You have to develop the state of mind of a CEO, and maintain a certain posture when you are talking to your prospects. You have to be confident and let your prospects know what you are doing. You have to learn to leverage off the credibility and success of your upline and company who are there to help you succeed.
You have to maintain a positive posture with your prospects. You don’t have to get overly hyped or enthusiastic with your prospects and all excited because they are interested in taking a look at your business. You have to focus on taking them through the process. You have to help them make an informed decision. You have to become involved in the process from the stand point of developing relationships with your prospects. You can’t look at it as just getting a couple of people who will become superstars. If you think this way, your business will crumble.
You have to let your prospects think better of you. You want them to think of you as a person with a CEO state of mind. Are you the type of person people want to do business with? Why would they want to do business with you? You need to develop these skills. Don’t let these skills keep you down because by developing your skills you will attract people who want to do business with you.
It is not about having a positive attitude and then all of a sudden things will happen for you. You have to get into action because consistent action over time will help you to develop a stronger state of mind. Are you the type of person people want to partner with in business? Don’t think of your downline as people who will be great superstars in your business. You have to think of your downline as business partners. You are the CEO of your business, and you have to think like a CEO.
The right training can help you succeed in your business. You have to think like a CEO and assume the position of the CEO, because you are the CEO of your business. It puts the weight on your shoulders. You have the control, responsibility and accountability for the growth of your business, the profits, and cash flows. You are the CEO. You have to guarantee the growth of your profits. You have to assume the position and the mindset of the CEO of your business.
“The 4 Major Reasons Why People Fail” in the business are lack of:- 1) Money 2) Skills 3) Customers 4) Action. To succeed in any business, you have to be motivated, be educated, and be equipped with the skills to succeed in the business. It is not about just wanting to succeed. You have to be willing to build the business. The whole foundation is based upon your attitude and developing the skills so you can build the business.
You are the CEO of your business. The CEO is responsible and accountable for building the business and to keep it competitive and successful in the marketplace. You can’t just jump into network marketing to get rich quick by expecting to find one or two people who will become blazing stars and for the rest of your life you will have residual income.
In this business you have to think like a CEO. You have to think about profit. You have to think about cash flow. You have to think about your marketing budget. You have to be working from a plan. You have to be taking consistent action to make sure you have a steady flow of the right prospects, and contacting your prospects the right way. It all comes down to developing the necessary skills to get the job done. Deep down inside, you must have the attitude and willingness to do what you know you have to do as a CEO to put yourself on track and to achieve the results you want.
It goes back to thinking like a CEO. You have to look at the bottom line. You have to look at cashflow. You have to look at how you business is growing. You have to look at what is working and what is not working. You have to develop the state of mind of a CEO, and maintain a certain posture when you are talking to your prospects. You have to be confident and let your prospects know what you are doing. You have to learn to leverage off the credibility and success of your upline and company who are there to help you succeed.
You have to maintain a positive posture with your prospects. You don’t have to get overly hyped or enthusiastic with your prospects and all excited because they are interested in taking a look at your business. You have to focus on taking them through the process. You have to help them make an informed decision. You have to become involved in the process from the stand point of developing relationships with your prospects. You can’t look at it as just getting a couple of people who will become superstars. If you think this way, your business will crumble.
You have to let your prospects think better of you. You want them to think of you as a person with a CEO state of mind. Are you the type of person people want to do business with? Why would they want to do business with you? You need to develop these skills. Don’t let these skills keep you down because by developing your skills you will attract people who want to do business with you.
It is not about having a positive attitude and then all of a sudden things will happen for you. You have to get into action because consistent action over time will help you to develop a stronger state of mind. Are you the type of person people want to partner with in business? Don’t think of your downline as people who will be great superstars in your business. You have to think of your downline as business partners. You are the CEO of your business, and you have to think like a CEO.
The right training can help you succeed in your business. You have to think like a CEO and assume the position of the CEO, because you are the CEO of your business. It puts the weight on your shoulders. You have the control, responsibility and accountability for the growth of your business, the profits, and cash flows. You are the CEO. You have to guarantee the growth of your profits. You have to assume the position and the mindset of the CEO of your business.
You Can Be The One To Succeed:"The 4 Elements Of Success" -- Part II
Some people fail in network marketing, but not all people fail in the business. There are people who are succeeding because they are plugging into to the right training that offers to help people to achieve success in their business.
Those who fail in the business fail because they lack “The 4 Elements of Success”:- 1) Money 2) Skills 3) Customers 4) Action. You can overcome those pitfalls and successfully achieve a return on investment (ROI) on your time, money and effort in building your business and consistently sponsoring more business partners.
Access to the best training will not magically change your entire business. But the best training will help you to change your odds and help you improve your attitude and give you the confidence where you know this is a business you too can build and succeed in network marketing. This awareness is the key to your success, because you are the most important element of your success. You can make the difference in your company and your marketing method which have to be in line with your values and morals and sense of ethics.
Before you join a company, you need to make sure you are in alignment morally with that company so that through disciplined action you can accomplish your goals. If you are not in alignment morally and you are doing what the company is asking you to do, it means you are out of alignment with your morals, values and belief system. And you are not going to have the discipline to go out and take action to build your business. You have to make sure your morals and values are in alignment with what you are doing. You must have a sense of ethics which is something only you can make a decision about, because you are putting yourself on a path for success or failure.
You can be the one to beat the odds and succeed, but you have to work on your attitude. In reality that will make you 1 out of 50 people that beats the odds. You have to start with an optimistic attitude, because attitude is what everything is built upon before you can move forward and succeed. Most people who get in network marketing are excited about the business. They are pumped up and genuinely excited about the business that will make their dreams come through. They are positive, optimistic, and enthusiastic. Some people get some success and start earning an extra $200 to $1000 per month then everything crumbles and falls apart.
Studies show that about 89% of these failures hinge back to attitudes and expectations. It is that optimistic attitude that says I’m going to find solutions rather than finding an excuse. My expectation is not met but I’m going to find a way to build this business. I will find out what I need to do in order to make the business work. Many people get held back because they focus on their fears. Everyday we all have to deal with fears, exhaustion and pains in different degrees. But an optimistic attitude is one that say I’m going to focus on the positive things and find solutions rather than on the negatives things and finding excuses.
History shows that attitude is the principal difference between the successful and the unsuccessful person and whether a person will have a positive life or a negative life. When the troubles of life come, the optimistic person takes the negative and turns it into a positive and achieve outstanding success. If you focus on the positive things in life to make things better, things will be better. If you focus on all the things that are wrong in your life, these things will continue to be that way, and you will not be able to stop this downward cycle.
The statistics in the network marketing industry show that 97% of the people failed to earn $200 per month. This number reveals that a lot of people are angry and frustrated about where they are in their network marketing business.
Acquiring proper training is the solution for a positive and successful outcome of your business. With proper training, you can learn the truth about network marketing, and you can use the statistics to beat the odds and build a successful network marketing business.
Those who fail in the business fail because they lack “The 4 Elements of Success”:- 1) Money 2) Skills 3) Customers 4) Action. You can overcome those pitfalls and successfully achieve a return on investment (ROI) on your time, money and effort in building your business and consistently sponsoring more business partners.
Access to the best training will not magically change your entire business. But the best training will help you to change your odds and help you improve your attitude and give you the confidence where you know this is a business you too can build and succeed in network marketing. This awareness is the key to your success, because you are the most important element of your success. You can make the difference in your company and your marketing method which have to be in line with your values and morals and sense of ethics.
Before you join a company, you need to make sure you are in alignment morally with that company so that through disciplined action you can accomplish your goals. If you are not in alignment morally and you are doing what the company is asking you to do, it means you are out of alignment with your morals, values and belief system. And you are not going to have the discipline to go out and take action to build your business. You have to make sure your morals and values are in alignment with what you are doing. You must have a sense of ethics which is something only you can make a decision about, because you are putting yourself on a path for success or failure.
You can be the one to beat the odds and succeed, but you have to work on your attitude. In reality that will make you 1 out of 50 people that beats the odds. You have to start with an optimistic attitude, because attitude is what everything is built upon before you can move forward and succeed. Most people who get in network marketing are excited about the business. They are pumped up and genuinely excited about the business that will make their dreams come through. They are positive, optimistic, and enthusiastic. Some people get some success and start earning an extra $200 to $1000 per month then everything crumbles and falls apart.
Studies show that about 89% of these failures hinge back to attitudes and expectations. It is that optimistic attitude that says I’m going to find solutions rather than finding an excuse. My expectation is not met but I’m going to find a way to build this business. I will find out what I need to do in order to make the business work. Many people get held back because they focus on their fears. Everyday we all have to deal with fears, exhaustion and pains in different degrees. But an optimistic attitude is one that say I’m going to focus on the positive things and find solutions rather than on the negatives things and finding excuses.
History shows that attitude is the principal difference between the successful and the unsuccessful person and whether a person will have a positive life or a negative life. When the troubles of life come, the optimistic person takes the negative and turns it into a positive and achieve outstanding success. If you focus on the positive things in life to make things better, things will be better. If you focus on all the things that are wrong in your life, these things will continue to be that way, and you will not be able to stop this downward cycle.
The statistics in the network marketing industry show that 97% of the people failed to earn $200 per month. This number reveals that a lot of people are angry and frustrated about where they are in their network marketing business.
Acquiring proper training is the solution for a positive and successful outcome of your business. With proper training, you can learn the truth about network marketing, and you can use the statistics to beat the odds and build a successful network marketing business.
Monday, May 26, 2008
You Can Be The One To Succeed -- Part I
The reality of network marketing is that less than 3% of people involved earn over $200 per month. People say they don’t make money because network marketing is a scam, and it is a pyramid scheme. Network marketing is not a scam. In 1979 in the Amway decision, the Federal Trade Commission (FTC) said network marketing is a legitimate business method for distributing products and services.
However, there are many scam companies that go into operation everyday. Some of these illegal companies flourish because there are many unethical marketers out there who are promoting those companies. Many companies are doing things that are in their best interest. They are recruiting people into the industry to represent them in unethical practices.
Not all network marketing companies or marketers operate that way. There are many ethical companies and ethical marketers who are working with honesty and integrity than those who are unethical and trying to take advantage of people. These unethical marketers are continually taking the spot light and casting dark clouds on the network marketing industry. It is a behavior pattern not only in network marketing, but also in franchising, banking, real estate, the securities markets, and other industries.
We will introduce you to the truth about network marketing success in real world terms. “How you could be the one succeed in Network Marketing without selling your soul in the process.” There are some myths in Network Marketing that are being promoted today to keep you from being successful in the business. These myths include:-
1. 3-way calls will help you build your business.
2. The product is going to sell itself.
3. You can make big bucks fast.
These are the kinds of myths that are misdirecting many new marketers’ effort, energy and money with many failures. The number one truth is, you are the most important factor in your business. There are a lot of pieces to the network marketing puzzle and only you can put it together. Success is up to you and that leaves you with the one overriding option. If you want to succeed, you need to improve yourself. You need to improve your attitude. If you have the right attitude and you build the skills, you will have 90% of the job complete.
You can be trained to build your attitude and skills with ethics and honor in the industry. But because you have access to the best training doesn’t mean you are going to be a successful leader over night. Leadership begins with developing the right positive attitude. The reason why many people fail in life can be traced to their attitude. There is enough scientific proof to show people who have experienced major failures in life have turned around their setbacks and achieved outstanding successes.
However, there are many scam companies that go into operation everyday. Some of these illegal companies flourish because there are many unethical marketers out there who are promoting those companies. Many companies are doing things that are in their best interest. They are recruiting people into the industry to represent them in unethical practices.
Not all network marketing companies or marketers operate that way. There are many ethical companies and ethical marketers who are working with honesty and integrity than those who are unethical and trying to take advantage of people. These unethical marketers are continually taking the spot light and casting dark clouds on the network marketing industry. It is a behavior pattern not only in network marketing, but also in franchising, banking, real estate, the securities markets, and other industries.
We will introduce you to the truth about network marketing success in real world terms. “How you could be the one succeed in Network Marketing without selling your soul in the process.” There are some myths in Network Marketing that are being promoted today to keep you from being successful in the business. These myths include:-
1. 3-way calls will help you build your business.
2. The product is going to sell itself.
3. You can make big bucks fast.
These are the kinds of myths that are misdirecting many new marketers’ effort, energy and money with many failures. The number one truth is, you are the most important factor in your business. There are a lot of pieces to the network marketing puzzle and only you can put it together. Success is up to you and that leaves you with the one overriding option. If you want to succeed, you need to improve yourself. You need to improve your attitude. If you have the right attitude and you build the skills, you will have 90% of the job complete.
You can be trained to build your attitude and skills with ethics and honor in the industry. But because you have access to the best training doesn’t mean you are going to be a successful leader over night. Leadership begins with developing the right positive attitude. The reason why many people fail in life can be traced to their attitude. There is enough scientific proof to show people who have experienced major failures in life have turned around their setbacks and achieved outstanding successes.
Friday, May 23, 2008
"How Can You Gain A Vision Of Your Dreams?"
“Do you see a man diligent in his business? He shall stand before kings.” Prov. 22:29
*“Diligence: Diligence is a learnable skill that combines: creative persistence, smart-working effort rightly planned and rightly performed in a timely, efficient and effective manner to attain a result that is pure and of the highest quality of excellence.” “The four steps to bringing diligence in your life:
1. “Wake Up To Reality.”
2. “Define Your Vision”
3. “Effectively Partner”
4. “Pursue Wisdom; Build Your Life Upon It.”
*“Vision Mapping Process To Establish A Road Map To Achieve Your Dreams: There is a “personal power source to drive us to our most distant and even impossible dreams. The power source is vision; the fuel is hope. The Incredible Power of Vision and Hope.”
*The Vision Mapping Process Steps: To gain a clear and precise vision of your most important dreams.”
“VISION: A vision is a precise, clearly defined goal with a detail plan and time table for achieving that goal.”
“HOPE: Hope is a well-founded and confident belief that a specific vision (goal, desire, or promise) will be achieved or fulfilled within a specific amount of time.
“True hope is knowing where you want to go, and having a precise map on hand to get there. It fuels your efforts in achieving your vision. True hope becomes the fuel that keeps you moving toward the ultimate fulfillment of a vision.”
“Partner: A partner or counselor is anyone who can provide needed insight, advice, wisdom, or practical help for the effective achievement of a specific project, goal, or dream.”
“Knowledge: The acquiring of information.”
“Understanding: Discerning and valuing important and practical truths. Understanding is learning how to distinguish between information that is true and practical, and information that is not.”
“Wisdom: The act of applying valued truths to any given situation and to life in general.” “Wisdom is the effective application of truth to your daily behavior. It takes those truths that have the greatest value and correctly applies them to situations, circumstances, or to life in general. True wisdom is never passive; it is always proactive or extremely active.
Acquiring true wisdom provides a solid foundation from which you can make a lifetime of wise decisions that can catapult your achievements from mediocrity to the stars. A life built upon wisdom is never stripped of its purpose, joy, or value.
Start living wisely. Solomon placed a great value on acquiring understanding and an even higher value on the application of wisdom. To avoid self-deception, we need a moral compass. The only compass that can enable us to clearly see and choose the best path in life is wisdom. To reap the rewards you must acquire and consistently exercise wisdom.”
*“Vision Mapping Process To Establish A Road Map To Achieve Your Dreams: The Vision Mapping Process helps to give us that initial hope, because by using it, we can see our destination clearly and realize how to get there. It is a goal-achieving process that will radically increase your productivity and raise the level of your achievements in any endeavor.”
Map your dreams in every important areas of your life. Write down a list of the areas of your life in which you would like to see significant improvements. Make a list of your most important dreams, desires, or projects for these areas of your life. Prioritize each list, starting with your most important dreams” for example:-
1) Closer Walk With God
2) Health
3) Marriage
4) Children
5) Business: Career and Financial
6) Social Relationships
*The Richest Man Who Ever Lived: King Solomon's Secret To Success, Wealth and Happiness
by Steven K. Scott
*“Diligence: Diligence is a learnable skill that combines: creative persistence, smart-working effort rightly planned and rightly performed in a timely, efficient and effective manner to attain a result that is pure and of the highest quality of excellence.” “The four steps to bringing diligence in your life:
1. “Wake Up To Reality.”
2. “Define Your Vision”
3. “Effectively Partner”
4. “Pursue Wisdom; Build Your Life Upon It.”
*“Vision Mapping Process To Establish A Road Map To Achieve Your Dreams: There is a “personal power source to drive us to our most distant and even impossible dreams. The power source is vision; the fuel is hope. The Incredible Power of Vision and Hope.”
*The Vision Mapping Process Steps: To gain a clear and precise vision of your most important dreams.”
“VISION: A vision is a precise, clearly defined goal with a detail plan and time table for achieving that goal.”
“HOPE: Hope is a well-founded and confident belief that a specific vision (goal, desire, or promise) will be achieved or fulfilled within a specific amount of time.
“True hope is knowing where you want to go, and having a precise map on hand to get there. It fuels your efforts in achieving your vision. True hope becomes the fuel that keeps you moving toward the ultimate fulfillment of a vision.”
“Partner: A partner or counselor is anyone who can provide needed insight, advice, wisdom, or practical help for the effective achievement of a specific project, goal, or dream.”
“Knowledge: The acquiring of information.”
“Understanding: Discerning and valuing important and practical truths. Understanding is learning how to distinguish between information that is true and practical, and information that is not.”
“Wisdom: The act of applying valued truths to any given situation and to life in general.” “Wisdom is the effective application of truth to your daily behavior. It takes those truths that have the greatest value and correctly applies them to situations, circumstances, or to life in general. True wisdom is never passive; it is always proactive or extremely active.
Acquiring true wisdom provides a solid foundation from which you can make a lifetime of wise decisions that can catapult your achievements from mediocrity to the stars. A life built upon wisdom is never stripped of its purpose, joy, or value.
Start living wisely. Solomon placed a great value on acquiring understanding and an even higher value on the application of wisdom. To avoid self-deception, we need a moral compass. The only compass that can enable us to clearly see and choose the best path in life is wisdom. To reap the rewards you must acquire and consistently exercise wisdom.”
*“Vision Mapping Process To Establish A Road Map To Achieve Your Dreams: The Vision Mapping Process helps to give us that initial hope, because by using it, we can see our destination clearly and realize how to get there. It is a goal-achieving process that will radically increase your productivity and raise the level of your achievements in any endeavor.”
Map your dreams in every important areas of your life. Write down a list of the areas of your life in which you would like to see significant improvements. Make a list of your most important dreams, desires, or projects for these areas of your life. Prioritize each list, starting with your most important dreams” for example:-
1) Closer Walk With God
2) Health
3) Marriage
4) Children
5) Business: Career and Financial
6) Social Relationships
*The Richest Man Who Ever Lived: King Solomon's Secret To Success, Wealth and Happiness
by Steven K. Scott
Are You A Leader?
“A leader must have a crystal clear vision, mission, purpose, destination, strategy and tactics for his journey.
He must boldly and confidently lead with decisive courageous conviction. He must always demonstrate the highest, ethical standards, integrity, equity, trust and respect for others.
He must be genuinely concerned about the welfare of his followers. He must lead with LOVE, COMPASSION, HUMILITY, and a deep of sense of APPRECIATION, and GRATITUDE.
He must always encourage his followers to share their thoughts and ideas. He must always challenge his followers to excel to greater heights. And above all, above all else, his leadership style must be so distinctly different, that at the end of the journey, his followers must be proud to have known him.
They must be able to say with unwavering confidence, “we loved him. He really challenged us to change our lives for the better. Thank God, in Christ Jesus, for leading us and allowing us to have met such a man as this.”
Leadership
“Things happen because of good leaders. Each of us responds to leadership whether it is good or bad. Leadership is the ability to have a vision and goals and capitalize on them. Leadership is sharing your vision. It is sharing your vision with passion so that it excites other people. How can you help more people become successful?”
“Every successful person first sat down and decided what it is they really wanted out of life. They then made a specific goal and devised a plan of action to achieve that very goal. Few people understand that a definite plan plus a burning desire for wealth are the only dependable means of accumulating wealth.
Achieving large amounts of wealth is possible and will only happen if you commit yourself to that goal. It isn’t the result of luck. It is the result of total commitment to a specific goal. And once you’ve made a firm commitment to you goal, it will happen because your mind will create new ways and alert you to opportunities to help you achieve your desired goal.”
He must boldly and confidently lead with decisive courageous conviction. He must always demonstrate the highest, ethical standards, integrity, equity, trust and respect for others.
He must be genuinely concerned about the welfare of his followers. He must lead with LOVE, COMPASSION, HUMILITY, and a deep of sense of APPRECIATION, and GRATITUDE.
He must always encourage his followers to share their thoughts and ideas. He must always challenge his followers to excel to greater heights. And above all, above all else, his leadership style must be so distinctly different, that at the end of the journey, his followers must be proud to have known him.
They must be able to say with unwavering confidence, “we loved him. He really challenged us to change our lives for the better. Thank God, in Christ Jesus, for leading us and allowing us to have met such a man as this.”
Leadership
“Things happen because of good leaders. Each of us responds to leadership whether it is good or bad. Leadership is the ability to have a vision and goals and capitalize on them. Leadership is sharing your vision. It is sharing your vision with passion so that it excites other people. How can you help more people become successful?”
“Every successful person first sat down and decided what it is they really wanted out of life. They then made a specific goal and devised a plan of action to achieve that very goal. Few people understand that a definite plan plus a burning desire for wealth are the only dependable means of accumulating wealth.
Achieving large amounts of wealth is possible and will only happen if you commit yourself to that goal. It isn’t the result of luck. It is the result of total commitment to a specific goal. And once you’ve made a firm commitment to you goal, it will happen because your mind will create new ways and alert you to opportunities to help you achieve your desired goal.”
Thursday, May 8, 2008
The Best Way To Promote Yourself And Build Credibility -- Part IV
Did your sponsor tell you to “make a list of 100 to 200 people, and we will do 3-way calls and recruit people for you?”
Well, neither your upline or your downline will build your business. You don’t want to become too dependent on your upline, and you do not want your downline becoming too dependent on you where you end up doing all the work for them. If you follow your upline’s 3-way call strategy he or she is preparing you to become a dependent and ineffective leader, and you will likewise produce an ineffective downline and your people will soon get fed up and quit.
Local business opportunity meetings, live conference calls, 3-way calls, and one-on-one business opportunity meetings may serve as tools for building your business. But the single most important thing is to properly qualify potential business partners. It helps you to get a good understanding of your prospects’ primary wants before they attend those events, and you will get better results. Always remember that you are looking for the right people to join your organization who want to build businesses so you can leverage off each other by using a “win-win” strategy.
What you want is to leverage your upline for guidance and resources. You want to learn to do things for yourself and be in control, because no one will build your business for you. You have to build your business yourself. You only have time to work with the right people in any business. You have to sell your products or services and form relationships with the right people who will not give you ulcers with their constant complaining, and you must commit to providing your customers and business partners “quality courteous service with integrity.”
If your upline is successful in the network marketing business, you need to know that successful leaders have very little time to spend with each business partner. That’s human nature. Let’s face it. As a leader in training, you will make mistakes while building relationships with prospective customers and business partners. You have to build trust and credibility with prospects. It begins by promoting yourself first which starts with your very first approach. You don’t want to lose control and influence of your potential business partners to your upline, because your people will be looking to you for leadership.
You have to realize that companies only pay compensation to people who develop relationships with customers and who sell products and services that stay on the books. What you bring to this business is you, and you have to be the best you because no one else upon earth can duplicate your unique qualities. Your prospective customers and business partners must be comfortable with you without feeling manipulated. You have to sincerely care about people, because business is people, people and people. You have to be the best you that you can be. So, let the real you shine forth and find your voice, and build your business.
You will look more like a leader to your prospects, because you are building rapport and relationship with them. There is just a handful of people who truly want to be leaders. You have to decide and make a commitment to be a leader and lead with decisive courageous convictions, integrity, compassion, and love in order to make it to the top, because the view from the top is always better. You have to position yourself to ascend to the “topper most” of your company. You will have to start developing your leadership skills, and lead by example.
You see, most people get into the business on enthusiasm which wears off in about six weeks, and that is when most people quit and give up on their dreams and themselves. You need to make a long-term commitment about the network marketing business that is grounded in reality and a sound decision.
The history is there to show that you too can beat the odds and earn a large income in this industry. But your income will be base solely on your commitment to applying and mastering the basics in this business, your own realistic goals, your consistent disciplined actions, and leading and building by example.
Well, neither your upline or your downline will build your business. You don’t want to become too dependent on your upline, and you do not want your downline becoming too dependent on you where you end up doing all the work for them. If you follow your upline’s 3-way call strategy he or she is preparing you to become a dependent and ineffective leader, and you will likewise produce an ineffective downline and your people will soon get fed up and quit.
Local business opportunity meetings, live conference calls, 3-way calls, and one-on-one business opportunity meetings may serve as tools for building your business. But the single most important thing is to properly qualify potential business partners. It helps you to get a good understanding of your prospects’ primary wants before they attend those events, and you will get better results. Always remember that you are looking for the right people to join your organization who want to build businesses so you can leverage off each other by using a “win-win” strategy.
What you want is to leverage your upline for guidance and resources. You want to learn to do things for yourself and be in control, because no one will build your business for you. You have to build your business yourself. You only have time to work with the right people in any business. You have to sell your products or services and form relationships with the right people who will not give you ulcers with their constant complaining, and you must commit to providing your customers and business partners “quality courteous service with integrity.”
If your upline is successful in the network marketing business, you need to know that successful leaders have very little time to spend with each business partner. That’s human nature. Let’s face it. As a leader in training, you will make mistakes while building relationships with prospective customers and business partners. You have to build trust and credibility with prospects. It begins by promoting yourself first which starts with your very first approach. You don’t want to lose control and influence of your potential business partners to your upline, because your people will be looking to you for leadership.
You have to realize that companies only pay compensation to people who develop relationships with customers and who sell products and services that stay on the books. What you bring to this business is you, and you have to be the best you because no one else upon earth can duplicate your unique qualities. Your prospective customers and business partners must be comfortable with you without feeling manipulated. You have to sincerely care about people, because business is people, people and people. You have to be the best you that you can be. So, let the real you shine forth and find your voice, and build your business.
You will look more like a leader to your prospects, because you are building rapport and relationship with them. There is just a handful of people who truly want to be leaders. You have to decide and make a commitment to be a leader and lead with decisive courageous convictions, integrity, compassion, and love in order to make it to the top, because the view from the top is always better. You have to position yourself to ascend to the “topper most” of your company. You will have to start developing your leadership skills, and lead by example.
You see, most people get into the business on enthusiasm which wears off in about six weeks, and that is when most people quit and give up on their dreams and themselves. You need to make a long-term commitment about the network marketing business that is grounded in reality and a sound decision.
The history is there to show that you too can beat the odds and earn a large income in this industry. But your income will be base solely on your commitment to applying and mastering the basics in this business, your own realistic goals, your consistent disciplined actions, and leading and building by example.
The Best Way To Promote Yourself And Build Credibility -- Part III
The best way to build your credibility is to focus on your prospects or on their needs and wants. Don’t start off talking about your company or your product. In stead ask them what their needs and wants are. You don’t know that person, but they surely know what their needs and wants are, and they know why they are looking for a product or business opportunity.
It is your responsibility to focus on their needs and wants instead of focusing on your own outcome. You need to focus on helping your prospects with the things they really want to accomplish. This is the consultative approach, and it is based in the relationship business which hinges on one key element, building credibility.
As a marketing consultant, you have to build credibility. Are you focusing on building credibility? Or are you just showing and telling your prospects why they need your product or services? You have to build credibility first, because until you build credibility you won’t harness the power of word of mouth in your business. And you won’t get the same level of trust compared to somebody the prospect already knows and has a long-term relationship with.
There will be times when you don’t have something that fits the prospects needs and wants. You just have to be honest and tell them. You will save them time and yourself time so you can move on to someone else who might be a good fit for your offer.
As an independent marketing consultant, you need to know your company, products and operations in order to show your prospects that you know what you are talking about. You need to be able to position yourself as an expert who has the resources to help your prospects solve their problems and achieve what they want.
When you call prospects, you don’t have credibility. You can build some credibility prior to the call by doing research to gather some information about your prospects. By knowing something about your prospects before you call, the conversation can start off as if you know them and help to put them at ease and make them receptive to receive your message. They will feel that you do understand them because you are focusing on the things that concern them most. They will feel that you really understand where they are coming from, and it helps to build rapport a lot quicker.
How you handle the questions and information with your prospects hinges back to credibility, because your prospects want to know if what you are offering is genuine. You want to approach your prospects with honesty in order to enhance your credibility. When you call prospects beware of the way you introduce yourself, the questions you ask, and your tone of voice. All of these things point back to your credibility. Always remember you start the call with a primary negative perception, and you only have 20 seconds to turn it into a primary positive perception.
The reason for this is, people are not happy to hear from you when you call them, because you are interrupting their schedule. So you first have to think of how prospects would feel receiving your call. What would make them comfortable? How would you like to be treated on the phone? Don’t delude yourself into believing you have a right to barge in and try to own the prospect because you have some information on them or because you sent them a free CD or webpage.
Your mindset for your first call is to introduce yourself positively, and to find out if it is a convenient time to talk about the challenges each prospect is facing. You have to build rapport and credibility with your prospects. You have to find out what their needs and wants are, and you have to focus on their wants and needs and offer practical solutions.
It is your responsibility to focus on their needs and wants instead of focusing on your own outcome. You need to focus on helping your prospects with the things they really want to accomplish. This is the consultative approach, and it is based in the relationship business which hinges on one key element, building credibility.
As a marketing consultant, you have to build credibility. Are you focusing on building credibility? Or are you just showing and telling your prospects why they need your product or services? You have to build credibility first, because until you build credibility you won’t harness the power of word of mouth in your business. And you won’t get the same level of trust compared to somebody the prospect already knows and has a long-term relationship with.
There will be times when you don’t have something that fits the prospects needs and wants. You just have to be honest and tell them. You will save them time and yourself time so you can move on to someone else who might be a good fit for your offer.
As an independent marketing consultant, you need to know your company, products and operations in order to show your prospects that you know what you are talking about. You need to be able to position yourself as an expert who has the resources to help your prospects solve their problems and achieve what they want.
When you call prospects, you don’t have credibility. You can build some credibility prior to the call by doing research to gather some information about your prospects. By knowing something about your prospects before you call, the conversation can start off as if you know them and help to put them at ease and make them receptive to receive your message. They will feel that you do understand them because you are focusing on the things that concern them most. They will feel that you really understand where they are coming from, and it helps to build rapport a lot quicker.
How you handle the questions and information with your prospects hinges back to credibility, because your prospects want to know if what you are offering is genuine. You want to approach your prospects with honesty in order to enhance your credibility. When you call prospects beware of the way you introduce yourself, the questions you ask, and your tone of voice. All of these things point back to your credibility. Always remember you start the call with a primary negative perception, and you only have 20 seconds to turn it into a primary positive perception.
The reason for this is, people are not happy to hear from you when you call them, because you are interrupting their schedule. So you first have to think of how prospects would feel receiving your call. What would make them comfortable? How would you like to be treated on the phone? Don’t delude yourself into believing you have a right to barge in and try to own the prospect because you have some information on them or because you sent them a free CD or webpage.
Your mindset for your first call is to introduce yourself positively, and to find out if it is a convenient time to talk about the challenges each prospect is facing. You have to build rapport and credibility with your prospects. You have to find out what their needs and wants are, and you have to focus on their wants and needs and offer practical solutions.
The Best Way To Promote Yourself And Build Credibility -- Part II
When promoting yourself and your opportunity you must remember that each of us is bombarded by over 5,000 advertisements everyday. You are competing for your prospects' attention against all other advertisements and opportunities out there.
So you want to differentiate yourself from all the other messages. You want to standout from the background noise and get noticed so that your prospects pay attention to your message. You have to build personal credibility before your can make a recommendation to your prospect.
Statistics show 1 out of 3 people will take a closer look at a personal recommendation of something by a friend, colleague or trusted advisor. They are more likely to act on a recommendation of someone they trust than to act on a marketing commercial. You have to make genuine recommendations to your warm market based on the credibility of the trusted relationship with the person who is looking out for your prospects' best interest which is long-term. Credibility is the key which you have to develop and maintain overtime.
Your sales calls do not develop credibility immediately because of so many hypes and unrealistic promises in the marketplace. As a marketing consultant, you need to focus and dig deep enough to find out what are your prospects' primary wants and whether you have what it takes to help them find solutions for their problems.
Always remember that when you make the first call, you are starting off bad because many people have been burnt too many times in the marketplace, and they are skeptical. And your prospects are asking themselves if your offer is real or if they can trust you to help them find solutions for their problems?
So you want to differentiate yourself from all the other messages. You want to standout from the background noise and get noticed so that your prospects pay attention to your message. You have to build personal credibility before your can make a recommendation to your prospect.
Statistics show 1 out of 3 people will take a closer look at a personal recommendation of something by a friend, colleague or trusted advisor. They are more likely to act on a recommendation of someone they trust than to act on a marketing commercial. You have to make genuine recommendations to your warm market based on the credibility of the trusted relationship with the person who is looking out for your prospects' best interest which is long-term. Credibility is the key which you have to develop and maintain overtime.
Your sales calls do not develop credibility immediately because of so many hypes and unrealistic promises in the marketplace. As a marketing consultant, you need to focus and dig deep enough to find out what are your prospects' primary wants and whether you have what it takes to help them find solutions for their problems.
Always remember that when you make the first call, you are starting off bad because many people have been burnt too many times in the marketplace, and they are skeptical. And your prospects are asking themselves if your offer is real or if they can trust you to help them find solutions for their problems?
Tuesday, May 6, 2008
The Best Way To Promote Yourself And Build Credibility -- Part I
Most independent marketing consultants are trained to “sabotage” their own success. They are conditioned to approach prospects by leading off with “I’m from BXY Company” believing that it gives them more prestige, instead of promoting themselves first. They then jump right into showing and telling prospects how great the company and product or service is -- ‘the best thing since slice bread’ and prospects need to get it now. But most prospects have no interest in the stories about their company, product or service.
In order to overcome this “self-sabotaging” behavior, you have to focus on promoting yourself first before even talking about the company you represent. You have to brand yourself because you are your best asset. But if you don’t know what you are doing, you can become your worst asset. You have to let your prospects know what makes you different from everyone else. You have to be yourself. You have to be unique and different, because you are the most important factor in your business. You have your own personality. You don’t have to be a clone.
You have to promote yourself first while you leverage off the experience, success and resources of your upline and your company’s success profile to enhance your own image and credibility. You have to present yourself as someone who is going to help your prospects because each prospect is only interested in his or her own success.
You have to find out right off the bat what it is the prospect is looking for and what it is the prospect really wants. You want your prospects to remember you as someone who is there to help so they can willingly open up and give you some answers to questions to identify out if they qualify for your primary offer or something else that might fit their needs and wants.
When you talk to prospects you don’t know, you have to build credibility. You have to promote yourself and opportunity in a way you would like someone else to promote to you. You have to put yourself in the prospect’s shoes. Ask yourself: Is this idea, product or business opportunity something I’d want someone to contact me about? You have to find out what your prospects needs and wants are.
In order to overcome this “self-sabotaging” behavior, you have to focus on promoting yourself first before even talking about the company you represent. You have to brand yourself because you are your best asset. But if you don’t know what you are doing, you can become your worst asset. You have to let your prospects know what makes you different from everyone else. You have to be yourself. You have to be unique and different, because you are the most important factor in your business. You have your own personality. You don’t have to be a clone.
You have to promote yourself first while you leverage off the experience, success and resources of your upline and your company’s success profile to enhance your own image and credibility. You have to present yourself as someone who is going to help your prospects because each prospect is only interested in his or her own success.
You have to find out right off the bat what it is the prospect is looking for and what it is the prospect really wants. You want your prospects to remember you as someone who is there to help so they can willingly open up and give you some answers to questions to identify out if they qualify for your primary offer or something else that might fit their needs and wants.
When you talk to prospects you don’t know, you have to build credibility. You have to promote yourself and opportunity in a way you would like someone else to promote to you. You have to put yourself in the prospect’s shoes. Ask yourself: Is this idea, product or business opportunity something I’d want someone to contact me about? You have to find out what your prospects needs and wants are.
Monday, May 5, 2008
What Are The Economic And Tax-Benefits Of A Home Business?
The benefits of starting a home-based business is that with a low start-up investment under $500 and a monthly marketing budget of $200 to $500+ you can realistically start earning an extra part-time income of $500+ per month consistently working 1 to 2 hours per day 5 or 6 days per week with the potential to replace a full-time income in 2 to 4 years or even create six figures.
As a home-based business owner these are some of the things you can look forward to:
No commute to work especially with rising gas price.
No oppressive boss to undermine your growth or defer your salary increases.
Lower chance of lawsuits compared to traditional businesses or franchises.
Operating your business without the headaches of huge storefront rents and overhead expenses.
No payroll or employee benefits requirements.
Many of the labor laws don’t apply to small businesses with no employee.
Take vacation whenever you want without asking anyone’s permission.
Our tax laws allow employees deductions for IRAs, 401(k), interest and property taxes on your home, and charitable contributions.
The same tax laws allow business owners numerous tax deductions such as: business vacations, cars, and food expenses in the course of conducting business.
High-income business owners with stable profits can set up their own pension plan 100% tax-deductible with larger lifetime pension and larger survivor benefits for their loved ones that outmatched government pension plans.
By owning a home-based business, Congress will subsidize your business, if the business produces a tax loss. The tax laws allow you to use your tax loss against other w-2 income, dividends, pension benefits, or interest income. You can also use your business loss against your spouse’s earnings, if you file a joint return.
You can carry back your loss two years and get a refund from the IRS or you can carry forward your loss for 20 years.
The IRS requires that “you must run your business with an earnest expectation to make a profit.”
The IRS will consider your business a hobby if you lose money 3 out of 5 years, and your business deductions are limited to your revenues. You business is considered a for-profit business, if you make money 3 out of 5 years.
You must keep proper documentation of business expenses for 3 years after filing your tax returns. It assumes you are running your business with “sincere attempt to make a profit.”
Your expenses must be ordinary and necessary for your business operation.
You have to consistently run your business like a business not like a hobby and keep a daily business activity diary.
You must spend at least one hour every day talking to people about your business with the expectation to make a profit.
You will need to hire a competent CPA who can help you to take all of the tax deductions and tax credits you are entitled to.
You owe it to yourself to find out about the hundreds of tax deductions, and keep a ledger of all expenses for your CPA to interpret what you are entitled to deduct.
Don’t expect your CPA to tell 300 to 500 clients individually about every tax deduction. You must find those tax deductions yourself, because only you know what goes on in your business, and the more you know the more money you will save on taxes.
Don’t be one of the small business owners who overpay billions of dollars income taxes every year, because they fail to take deductions the government allows.
George Brown, a CPA, once said “You get a raise every time you can legitimately avoid paying a tax on something.”
Julian Block said “The informed client gets the best advice.”
It is said only a ‘fool’ acts as his own lawyer, and only a ‘fruit cake’ prepares his or her own taxes, excpt for accountants and tax attorneys.
Hire a competent CPA pay his or her fee. Why would you want to face the IRS, if you fall in the 5% who are audited annually? That’s a CPA’s job, and don’t forget most IRS auditors are trained accountants. Would you perform your own by-pass surgery? Or will you find the best and most experienced cardiac surgeon?
Don’t be cheap! Hire a competent CPA who can keep you in the comfort zone with all the tax benefits business owners and their families are entitled to by law.
The tax laws are too complicated and are like ever changing quick sand. Studies show five top tax experts will produce five different results preparing returns for the same business. Why do you want to pretend you know what you don’t know?
And don’t goof-up and try to tell the IRS income tax is unconstitutional, because Our Founding Fathers did not mention it in the Constitution. They will put you away for tax evasion, and for many years you will go without those delicious Cross Buns on Good Fridays.
As a home-based business owner these are some of the things you can look forward to:
No commute to work especially with rising gas price.
No oppressive boss to undermine your growth or defer your salary increases.
Lower chance of lawsuits compared to traditional businesses or franchises.
Operating your business without the headaches of huge storefront rents and overhead expenses.
No payroll or employee benefits requirements.
Many of the labor laws don’t apply to small businesses with no employee.
Take vacation whenever you want without asking anyone’s permission.
Our tax laws allow employees deductions for IRAs, 401(k), interest and property taxes on your home, and charitable contributions.
The same tax laws allow business owners numerous tax deductions such as: business vacations, cars, and food expenses in the course of conducting business.
High-income business owners with stable profits can set up their own pension plan 100% tax-deductible with larger lifetime pension and larger survivor benefits for their loved ones that outmatched government pension plans.
By owning a home-based business, Congress will subsidize your business, if the business produces a tax loss. The tax laws allow you to use your tax loss against other w-2 income, dividends, pension benefits, or interest income. You can also use your business loss against your spouse’s earnings, if you file a joint return.
You can carry back your loss two years and get a refund from the IRS or you can carry forward your loss for 20 years.
The IRS requires that “you must run your business with an earnest expectation to make a profit.”
The IRS will consider your business a hobby if you lose money 3 out of 5 years, and your business deductions are limited to your revenues. You business is considered a for-profit business, if you make money 3 out of 5 years.
You must keep proper documentation of business expenses for 3 years after filing your tax returns. It assumes you are running your business with “sincere attempt to make a profit.”
Your expenses must be ordinary and necessary for your business operation.
You have to consistently run your business like a business not like a hobby and keep a daily business activity diary.
You must spend at least one hour every day talking to people about your business with the expectation to make a profit.
You will need to hire a competent CPA who can help you to take all of the tax deductions and tax credits you are entitled to.
You owe it to yourself to find out about the hundreds of tax deductions, and keep a ledger of all expenses for your CPA to interpret what you are entitled to deduct.
Don’t expect your CPA to tell 300 to 500 clients individually about every tax deduction. You must find those tax deductions yourself, because only you know what goes on in your business, and the more you know the more money you will save on taxes.
Don’t be one of the small business owners who overpay billions of dollars income taxes every year, because they fail to take deductions the government allows.
George Brown, a CPA, once said “You get a raise every time you can legitimately avoid paying a tax on something.”
Julian Block said “The informed client gets the best advice.”
It is said only a ‘fool’ acts as his own lawyer, and only a ‘fruit cake’ prepares his or her own taxes, excpt for accountants and tax attorneys.
Hire a competent CPA pay his or her fee. Why would you want to face the IRS, if you fall in the 5% who are audited annually? That’s a CPA’s job, and don’t forget most IRS auditors are trained accountants. Would you perform your own by-pass surgery? Or will you find the best and most experienced cardiac surgeon?
Don’t be cheap! Hire a competent CPA who can keep you in the comfort zone with all the tax benefits business owners and their families are entitled to by law.
The tax laws are too complicated and are like ever changing quick sand. Studies show five top tax experts will produce five different results preparing returns for the same business. Why do you want to pretend you know what you don’t know?
And don’t goof-up and try to tell the IRS income tax is unconstitutional, because Our Founding Fathers did not mention it in the Constitution. They will put you away for tax evasion, and for many years you will go without those delicious Cross Buns on Good Fridays.
Why You Need To Start A Home Based Business?
You need to consider these Cold Hard Facts. Recent studies show that even though corporate America had tremendous profits and economic growth over the last decade, the majority of Americans have been experiencing an uphill battle for economic survival.
Many working people have awaken to the reality that they may not have a job with a major company, the federal, state, or city government until retirement.
American workers are now accepting to the fact that the constant layoffs means the job market is no longer a stable place for employment. Moreover, the economy is continually putting families under more pressure than ever before. Those employees who are able to keep their jobs have no guarantee of career growth or more than 2% to 3% annual salary increases. Many employees are overworked, stressed out, frustrated and undermined by oppressive boss.
There is no job security in corporate America. Millions of people are out of work searching for the same kinds of jobs their employers eliminated. Today, temporary employment services are among the largest employers. Many companies are finding it less expensive to hire temporary employees to avoid paying benefits to permanent employees.
Starting a business has two limitations: money and special knowledge. Most ordinary people only have one option, a home-based business to achieve personal freedom from the “rat-race” of corporate America.
Starting a part-time home based business can provide a financial cushion of residual income to protect yourself against future downsizing.
Home-based business is the fasted growing segment in the U.S. economy. Many people are starting home-based businesses over traditional businesses to take advantage of lucrative income opportunities and tax advantages which the tax laws allow business owners.
Studies show that of the 76 million Baby Boomers (people born 1946-1964) in the United who will all reach retirement age in the next 20 years only 7 million are financially prepared to retire. The experts projected that many of us will need $1.4 to $4.6 million in capital to meet the uncertainties of Social Security, employer pension, rising healthcare cost, and a retirement that could last to age 100 plus. If that isn’t bad enough, the current federal, state and local income taxes and various sales taxes are taking an huge bite from middle-class workers. “We are working roughly 30% of the year – a full 101 days to pay taxes.”
Today, many households need three incomes just to survive. The experts said that earning an extra $15,000 from a second job does not necessarily leave many families with much more savings after additional federal and state taxes, social security tax withholdings, transportation costs, and eating out. The added take home pay is a miniscule amount for the time, effort and hassle.
The experts also said that many people will need to work during their retirement years just to survive, and anyone who really wants to get a head financially needs to start their own business. They also concluded that when you consider the economic and tax benefits, a person would be better off earning an extra $15,000 a year in their own part-time business than earning $15,000 a year from a second job.
The truth is, in America we have two tax systems. One system chisels away wealth from the middle-class with high income taxes and sales tax. The other system helps big businesses, small businesses, and self-employed people to create tremendous wealth with incredible tax deductions. The hard-working middle class has to learn how to use the tax laws to their benefit by starting their own businesses in order to create real long-term wealth.
A study done by The Entrepreneurial Research Consortium found that over 50% of the people who are trying to start businesses never opened their businesses after investing about 2 years of time and effort exploring their vision. Most people failed to make a personal commitment and investment in their business because of the high start-up costs for traditional businesses and franchises.
There are many statistics which show that new businesses have a poor chance of succeeding, because the odds are against start-ups.
A survey by the U.S. Commerce Department shows that for every 10 small businesses, 7 will survive the first year, 3 will survive after 3 years, and only 2 will survive after 5 years. Click Commerce Department http://www.osec.doc.gov/
A study by Dun & Bradstreet show that “Businesses with fewer than 20 employees have only a 37% chance of surviving 4 years and only a 9% chance of surviving 10 years.” Click for D & B http://www.dnb.com/us/
The National Restaurant Association (NRA) shows that 80% of independently owned restaurants fail within the first two years. Click for NRA http://www.restaurant.org/
The U.S. Small Business Administration (SBA) said more than 50% of all new businesses will disappear in the first 5 years. Click for SBA http://www.sba.gov/
Other studies show that the failure rate for new businesses is around 80% in the first year and only about 50% of those that survive the first year will be in business in 5 years.
Business experts said the high failure rate for new businesses will continue in the future because “People don’t plan to fail; they fail to plan.”
Reasons For Business Failure:
1. Most people enter into business with the entrepreneur’s dream, and when they are confronted by real problems they protect their dreams instead of seeking objective help from outside sources.
2. Business owners don’t have a realistic view about whether the idea, product or service offers a solution to an unmet need.
3. Business owners don’t have the knowledge and skills to run the business.
4. Most businesses failed because they ran out of money due to poor business planning.
5. Most businesses failed because of poor location, poor customer service, untrained employees, fraud, and business owners’ reluctance to seek professional advice.
Since most people do not have the necessary knowledge, skills, and capital to start a traditional business, the option for them is to start a home-based business. Also, since most home-based ventures are not profitable for most people, then the best option is a home-based network marketing business.
The network marketing business method has a proven success track record. It requires only a few hundred dollars start-up cost and monthly marketing budget. And it offers anyone who consistently puts in the time and effort an equal chance to achieve personal freedom, wealth, and security from a steady stream of residual income.
Many working people have awaken to the reality that they may not have a job with a major company, the federal, state, or city government until retirement.
American workers are now accepting to the fact that the constant layoffs means the job market is no longer a stable place for employment. Moreover, the economy is continually putting families under more pressure than ever before. Those employees who are able to keep their jobs have no guarantee of career growth or more than 2% to 3% annual salary increases. Many employees are overworked, stressed out, frustrated and undermined by oppressive boss.
There is no job security in corporate America. Millions of people are out of work searching for the same kinds of jobs their employers eliminated. Today, temporary employment services are among the largest employers. Many companies are finding it less expensive to hire temporary employees to avoid paying benefits to permanent employees.
Starting a business has two limitations: money and special knowledge. Most ordinary people only have one option, a home-based business to achieve personal freedom from the “rat-race” of corporate America.
Starting a part-time home based business can provide a financial cushion of residual income to protect yourself against future downsizing.
Home-based business is the fasted growing segment in the U.S. economy. Many people are starting home-based businesses over traditional businesses to take advantage of lucrative income opportunities and tax advantages which the tax laws allow business owners.
Studies show that of the 76 million Baby Boomers (people born 1946-1964) in the United who will all reach retirement age in the next 20 years only 7 million are financially prepared to retire. The experts projected that many of us will need $1.4 to $4.6 million in capital to meet the uncertainties of Social Security, employer pension, rising healthcare cost, and a retirement that could last to age 100 plus. If that isn’t bad enough, the current federal, state and local income taxes and various sales taxes are taking an huge bite from middle-class workers. “We are working roughly 30% of the year – a full 101 days to pay taxes.”
Today, many households need three incomes just to survive. The experts said that earning an extra $15,000 from a second job does not necessarily leave many families with much more savings after additional federal and state taxes, social security tax withholdings, transportation costs, and eating out. The added take home pay is a miniscule amount for the time, effort and hassle.
The experts also said that many people will need to work during their retirement years just to survive, and anyone who really wants to get a head financially needs to start their own business. They also concluded that when you consider the economic and tax benefits, a person would be better off earning an extra $15,000 a year in their own part-time business than earning $15,000 a year from a second job.
The truth is, in America we have two tax systems. One system chisels away wealth from the middle-class with high income taxes and sales tax. The other system helps big businesses, small businesses, and self-employed people to create tremendous wealth with incredible tax deductions. The hard-working middle class has to learn how to use the tax laws to their benefit by starting their own businesses in order to create real long-term wealth.
A study done by The Entrepreneurial Research Consortium found that over 50% of the people who are trying to start businesses never opened their businesses after investing about 2 years of time and effort exploring their vision. Most people failed to make a personal commitment and investment in their business because of the high start-up costs for traditional businesses and franchises.
There are many statistics which show that new businesses have a poor chance of succeeding, because the odds are against start-ups.
A survey by the U.S. Commerce Department shows that for every 10 small businesses, 7 will survive the first year, 3 will survive after 3 years, and only 2 will survive after 5 years. Click Commerce Department http://www.osec.doc.gov/
A study by Dun & Bradstreet show that “Businesses with fewer than 20 employees have only a 37% chance of surviving 4 years and only a 9% chance of surviving 10 years.” Click for D & B http://www.dnb.com/us/
The National Restaurant Association (NRA) shows that 80% of independently owned restaurants fail within the first two years. Click for NRA http://www.restaurant.org/
The U.S. Small Business Administration (SBA) said more than 50% of all new businesses will disappear in the first 5 years. Click for SBA http://www.sba.gov/
Other studies show that the failure rate for new businesses is around 80% in the first year and only about 50% of those that survive the first year will be in business in 5 years.
Business experts said the high failure rate for new businesses will continue in the future because “People don’t plan to fail; they fail to plan.”
Reasons For Business Failure:
1. Most people enter into business with the entrepreneur’s dream, and when they are confronted by real problems they protect their dreams instead of seeking objective help from outside sources.
2. Business owners don’t have a realistic view about whether the idea, product or service offers a solution to an unmet need.
3. Business owners don’t have the knowledge and skills to run the business.
4. Most businesses failed because they ran out of money due to poor business planning.
5. Most businesses failed because of poor location, poor customer service, untrained employees, fraud, and business owners’ reluctance to seek professional advice.
Since most people do not have the necessary knowledge, skills, and capital to start a traditional business, the option for them is to start a home-based business. Also, since most home-based ventures are not profitable for most people, then the best option is a home-based network marketing business.
The network marketing business method has a proven success track record. It requires only a few hundred dollars start-up cost and monthly marketing budget. And it offers anyone who consistently puts in the time and effort an equal chance to achieve personal freedom, wealth, and security from a steady stream of residual income.
What Is Network Marketing? : Can You Succeed In The Business? -- Part IV
Research shows it is not the business venture but it is the attitude of the business owner, knowledge and action that really determine success or failure in any business.
Most people who want the benefits of owning a business got excited and started a home-based business without the necessary knowledge. Many people quit before they acquired the knowledge, experience and skill they needed to build the business. They quit without realizing the tax brakes can be the best motivating factor for starting a home-based business.
By learning to duplicate the success strategies of successful people a person can achieve a level of success quicker and more effectively than going through the school of hard knocks.
Network Marketing Home-Based Business has the best track record when compared to the exorbitant start-up costs of traditional businesses and franchises. You can start the business with a solid company, with a few hundred dollars start-up investment and a monthly marketing budget, and without jeopardizing your full-time job.
The Network Marketing Business Model allows you to offer customers your services and products, to recruit business partners and leverage their time and effort in a “Earn While You Learn Program” with an equal chance to achieve personal freedom, wealth, and security from a steady stream of residual income.
One reason for the success of network marketing is that this business model is based on cooperation, not competition. Career advancement in network marketing comes directly from helping to create success with those people we introduce to our company. Up-lines involve themselves with the expectation to be compensated for their efforts. And they remember that somebody cared enough to show them the powerful benefits network marketing offers. They are actively involved because they want to positively affect the lives of their business partners.
Once you put in the time and effort and develop a solid sales and marketing organization, you will create on going residual income. Any ordinary person can use network marketing to launch a legitimate business with the potential of generating substantial income. It offers you the opportunity to lunch a business on a part-time basis and growing it into a full-time income. It requires the least amount of start-up capital and ongoing operating expenses of virtually any legitimate business model.
The history of network marketing has stood the test of time and has proven itself to be the most successful distribution model and home-based opportunity. It is recognized as one of the fasted growing industries in the world today with an estimated 50,000 people just like you, joining in the industry every week, and it is predicted to have significant growth well into the future.
It is being driven by a wave of entrepreneurs who continue to drive the concept of improving quality of life and working from home. The timing could not be better, and entrepreneurs who are looking for a home-based business opportunity need to seriously consider a network marketing business.
Network Marketing is all about gathering customers and business partners. It is about sales and distribution. It is about building your own sales and marketing organization to distribute products and service.
Compared to the exorbitant start-up cost for traditional businesses and franchises a Home-Based Network Marketing Business requires a low start-up investment of under $500 and a marketing budget of $200 to $500+ monthly. Any person who consistently works the business part-time 1 to 2 hours per day 5 or 6 days per week can realistically start earning an extra $500+ per month with the potential to replace a full-time income or create six figures in 2 to 4 years and fire an oppressive boss.
Network Marketing is a progression business, you start from where you are today and work your way to where you want to be in 2 to 5 years. The Income from network marketing is based on exponential growth. The first year's income is small. It grows exponentially with time as you build and grow the business.
Studies show that most people get into the business with an enthusiasm of making a high income in a short time. They bought into promises that sound too good to be true from smooth operators who gave false information about making $20,000+ per month in 90 days. Their enthusiasm wore off within four weeks, and they just gave up.
Most people quit and give up on their dreams in 4 months when they realize those huge incomes were not realistic for a person starting from ground zero without the required skills.
Many of these people BA, BBA, MBA, Phd with many years of experience in their current field. Some never earned $20,000 a month at their current job, but they bought into the false expectation of earning that much in 90 days with little or no personal effort. So, 97% of the people quit without seeking to acquire the necessary knowledge, experience and skills, and those dissatisfactions continue to add to the misinformation on network marketing in the marketplace.
The 97% who gave up did so without realizing the financial, economic and tax benefits a home-based business offers. They did not understand that a home-based business can significantly reduce their annual income taxes.
They did not understand that when the business becomes profitable in 2 to 4 years they could set up their own pension plan 100% tax-deductible to provide a larger lifetime pension plus a larger survivor benefits for their loved ones that surpass a government pension plan. They didn’t know business owners and their families are entitled to many fringe benefits, with the full blessings of Congress and the IRS.
Most people who want the benefits of owning a business got excited and started a home-based business without the necessary knowledge. Many people quit before they acquired the knowledge, experience and skill they needed to build the business. They quit without realizing the tax brakes can be the best motivating factor for starting a home-based business.
By learning to duplicate the success strategies of successful people a person can achieve a level of success quicker and more effectively than going through the school of hard knocks.
Network Marketing Home-Based Business has the best track record when compared to the exorbitant start-up costs of traditional businesses and franchises. You can start the business with a solid company, with a few hundred dollars start-up investment and a monthly marketing budget, and without jeopardizing your full-time job.
The Network Marketing Business Model allows you to offer customers your services and products, to recruit business partners and leverage their time and effort in a “Earn While You Learn Program” with an equal chance to achieve personal freedom, wealth, and security from a steady stream of residual income.
One reason for the success of network marketing is that this business model is based on cooperation, not competition. Career advancement in network marketing comes directly from helping to create success with those people we introduce to our company. Up-lines involve themselves with the expectation to be compensated for their efforts. And they remember that somebody cared enough to show them the powerful benefits network marketing offers. They are actively involved because they want to positively affect the lives of their business partners.
Once you put in the time and effort and develop a solid sales and marketing organization, you will create on going residual income. Any ordinary person can use network marketing to launch a legitimate business with the potential of generating substantial income. It offers you the opportunity to lunch a business on a part-time basis and growing it into a full-time income. It requires the least amount of start-up capital and ongoing operating expenses of virtually any legitimate business model.
The history of network marketing has stood the test of time and has proven itself to be the most successful distribution model and home-based opportunity. It is recognized as one of the fasted growing industries in the world today with an estimated 50,000 people just like you, joining in the industry every week, and it is predicted to have significant growth well into the future.
It is being driven by a wave of entrepreneurs who continue to drive the concept of improving quality of life and working from home. The timing could not be better, and entrepreneurs who are looking for a home-based business opportunity need to seriously consider a network marketing business.
Network Marketing is all about gathering customers and business partners. It is about sales and distribution. It is about building your own sales and marketing organization to distribute products and service.
Compared to the exorbitant start-up cost for traditional businesses and franchises a Home-Based Network Marketing Business requires a low start-up investment of under $500 and a marketing budget of $200 to $500+ monthly. Any person who consistently works the business part-time 1 to 2 hours per day 5 or 6 days per week can realistically start earning an extra $500+ per month with the potential to replace a full-time income or create six figures in 2 to 4 years and fire an oppressive boss.
Network Marketing is a progression business, you start from where you are today and work your way to where you want to be in 2 to 5 years. The Income from network marketing is based on exponential growth. The first year's income is small. It grows exponentially with time as you build and grow the business.
Studies show that most people get into the business with an enthusiasm of making a high income in a short time. They bought into promises that sound too good to be true from smooth operators who gave false information about making $20,000+ per month in 90 days. Their enthusiasm wore off within four weeks, and they just gave up.
Most people quit and give up on their dreams in 4 months when they realize those huge incomes were not realistic for a person starting from ground zero without the required skills.
Many of these people BA, BBA, MBA, Phd with many years of experience in their current field. Some never earned $20,000 a month at their current job, but they bought into the false expectation of earning that much in 90 days with little or no personal effort. So, 97% of the people quit without seeking to acquire the necessary knowledge, experience and skills, and those dissatisfactions continue to add to the misinformation on network marketing in the marketplace.
The 97% who gave up did so without realizing the financial, economic and tax benefits a home-based business offers. They did not understand that a home-based business can significantly reduce their annual income taxes.
They did not understand that when the business becomes profitable in 2 to 4 years they could set up their own pension plan 100% tax-deductible to provide a larger lifetime pension plus a larger survivor benefits for their loved ones that surpass a government pension plan. They didn’t know business owners and their families are entitled to many fringe benefits, with the full blessings of Congress and the IRS.
What Is Network Marketing? : Benefits Companies Offer Home Business Owners -- Part III
Network Marketing is a proven, preferred, and efficient method of product distribution used by some of the largest companies. These companies agreed it is a distribution channel that offers many advantages, because it lowers the distribution cost of products and services. Network Marketing companies do not pay for marketing, distribution, commission until after the sales is made and the product is delivered. The companies are able to transfer much of the training to representatives who receive incentives to train new recruits.
The network marketing business model allows companies to avoid costly traditional advertising campaigns. They are able to replace traditional advertising and marketing costs with sales commissions to the independent consultant.
Consultants are rewarded for sharing information on their products and services that produces sales. Network marketing empowers you to build your own sales and marketing organization from your professional contacts which empowers them to build their own sales organizations creating exponential growth.
You are the CEO of your own independent sales and marketing organization. You can earn income from the successful efforts of your business partners. It is a relationship business which helps people to build businesses selling products and services and recruiting other people who want to build businesses. It is all about building relationships that take time, effort, and patience.
The success of network marketing is based on recommending products and services we personally used and like to our friends. Our satisfied customers in turn refer their friends and family who buy our products and services. It is based on word of mouth advertising which is the most powerful and effective form of advertising. We get paid for word of mouth advertising and for building relationships with customers and other business builders.
These are some of the benefits Network Marketing Companies Offer Home Business Owners. The company handles the following:
Research & Development of product and services
Supplies the products and services
Marketing Material
Website development, Personalize Internet Website
Training & Support Resources
Management
Public relations
Customer service
Shipping and billing
Data Processing
Accounting and payroll
Commission payments to sales consultants.
The network marketing business model allows companies to avoid costly traditional advertising campaigns. They are able to replace traditional advertising and marketing costs with sales commissions to the independent consultant.
Consultants are rewarded for sharing information on their products and services that produces sales. Network marketing empowers you to build your own sales and marketing organization from your professional contacts which empowers them to build their own sales organizations creating exponential growth.
You are the CEO of your own independent sales and marketing organization. You can earn income from the successful efforts of your business partners. It is a relationship business which helps people to build businesses selling products and services and recruiting other people who want to build businesses. It is all about building relationships that take time, effort, and patience.
The success of network marketing is based on recommending products and services we personally used and like to our friends. Our satisfied customers in turn refer their friends and family who buy our products and services. It is based on word of mouth advertising which is the most powerful and effective form of advertising. We get paid for word of mouth advertising and for building relationships with customers and other business builders.
These are some of the benefits Network Marketing Companies Offer Home Business Owners. The company handles the following:
Research & Development of product and services
Supplies the products and services
Marketing Material
Website development, Personalize Internet Website
Training & Support Resources
Management
Public relations
Customer service
Shipping and billing
Data Processing
Accounting and payroll
Commission payments to sales consultants.
What Is Network Marketing? : Direct Sales vs. MLM -- Part II
Direct sales and MLM are subsets within the network marketing industry.
In Direct Selling the profits or commissions for a retail sale is paid to one or joint sales consultants.
In MLM the profit or commission for a retail sale is shared between the sales consultant and an up-line or recruiter. In MLM bonuses are paid based on recruiting activity provided the recruiting results in ongoing retail sales activities.
Direct Selling Association (DSA) is the national trade association representing the leading companies that manufactures and sell products and services sold directly to consumers, primarily through an independent contractor sales force. It is an elite rank of more than 220 active and pending member companies in the U.S.
Each DSA member company pledges to abide by the Code of Ethics, Standards and Procedures as a condition of admission and continuing membership in DSA. Click on this link to learn more about DSA. http://www.dsa.org/
DSA Code of Ethics expressly prohibits pyramid schemes, deceptive or unlawful consumer or recruiting practices, misrepresentation of earnings or sales potential, inventory loading and unreasonable entrance fees.
In 2006, U.S. direct sales were more that $32 billion with more than 15.2 million direct sellers nationwide. Approximately 90% of direct sellers operate their business part-time.
Before you jumping into any opportunity, you need to do your due diligence and look for companies with membership in the following organizations: Direct Selling Association (DSA), Multi-Level Marketing International Association (MLMIA), and Multi-Level Marketing Distributor Rights Association http://www.mlmia.com/ , and (MLM DRA) http://www.mlm-dra.org/. It is your life, time, and money, and you need to protect yourself.
Traditional Businesses vs. Network Marketing
In a traditional business a company has to spend millions of dollars on advertising, employee salary, benefits, support staff, travel, office space… before any product is sold.
The history is there to prove that very few employees will ever achieve personal independence or create residual income and freedom from a traditional job. Each of us, even professionals are only producing linear income.
We are constantly trading time for money. If we are not working or if a professional is not seeing clients or patients, there is no income to be received. For most of us our income is temporary, because if we couldn’t work for 90 days, there is no income. Our income is temporary. In network marketing, a person can stop trading time for money and create a stream of residual income.
In Direct Selling the profits or commissions for a retail sale is paid to one or joint sales consultants.
In MLM the profit or commission for a retail sale is shared between the sales consultant and an up-line or recruiter. In MLM bonuses are paid based on recruiting activity provided the recruiting results in ongoing retail sales activities.
Direct Selling Association (DSA) is the national trade association representing the leading companies that manufactures and sell products and services sold directly to consumers, primarily through an independent contractor sales force. It is an elite rank of more than 220 active and pending member companies in the U.S.
Each DSA member company pledges to abide by the Code of Ethics, Standards and Procedures as a condition of admission and continuing membership in DSA. Click on this link to learn more about DSA. http://www.dsa.org/
DSA Code of Ethics expressly prohibits pyramid schemes, deceptive or unlawful consumer or recruiting practices, misrepresentation of earnings or sales potential, inventory loading and unreasonable entrance fees.
In 2006, U.S. direct sales were more that $32 billion with more than 15.2 million direct sellers nationwide. Approximately 90% of direct sellers operate their business part-time.
Before you jumping into any opportunity, you need to do your due diligence and look for companies with membership in the following organizations: Direct Selling Association (DSA), Multi-Level Marketing International Association (MLMIA), and Multi-Level Marketing Distributor Rights Association http://www.mlmia.com/ , and (MLM DRA) http://www.mlm-dra.org/. It is your life, time, and money, and you need to protect yourself.
Traditional Businesses vs. Network Marketing
In a traditional business a company has to spend millions of dollars on advertising, employee salary, benefits, support staff, travel, office space… before any product is sold.
The history is there to prove that very few employees will ever achieve personal independence or create residual income and freedom from a traditional job. Each of us, even professionals are only producing linear income.
We are constantly trading time for money. If we are not working or if a professional is not seeing clients or patients, there is no income to be received. For most of us our income is temporary, because if we couldn’t work for 90 days, there is no income. Our income is temporary. In network marketing, a person can stop trading time for money and create a stream of residual income.
What Is Network Marketing? : Its History --Part I
J. Paul Getty said, “To succeed in business, to reach to the top, an individual must know all that is possible to know about that business.”
Knowing the history of network marketing will help us to understand the origin of the business, its past problems, its future expectations, and what we can do to ensure the highest standards of the industry.
The history of network marketing will help us to avoid future pitfalls, show us what to look for in a company, and how to become effective leaders in our organizations. It is important that you understand what network marketing is all about for yourself, your prospects, and your business partners.
The exact origin of Network Marketing (Multi-Level Marketing) is unclear. Various sources dated Multi-Level Marketing (MLM) around the 1920s. It is a legal and ethical business structure used for the distribution of goods and services. Today, it operates in all 50 states in the U.S. There are thousands of network marketing companies including FORTUNE 500 Companies. It also operates in more than 100 countries with over 50 million business operators worldwide and over $100 billion annual revenue. Click this link to learn more http://en.wikipedia.org/wiki/Multi-level_marketing.
In spite of it success, Network Marketing still faces resistance from many sides due to misinformation in the marketplace. Studies show that most people still do not understand the benefits of this powerful business model which is the most efficient way to distribute goods and services, and which offers the greatest opportunities to achieving wealth and financial security to individuals who are able to find more efficient ways to distribute products and services.
Some of the reasons for this misunderstanding are due: 1) people are comfortable with what most people accept, 2) they are fearful and resist change, and 3) they would prefer to stay in their comfort zone even when change can positively affect their lives.
In the early 1960s, the franchising industry was greatly misunderstood. Newspapers and magazines covered franchise as a scam and rip-off. In 1963, Congress came within 11 votes of declaring franchising illegal. Today, according to the International Franchise Association (IFA) "a recent PriceWaterHouseCoopers study found that the franchising sector generates 18 million jobs the United States alone and yields $1.53 Trillion in economic output. There are 760,000 franchised establishments or 10% of our private-sector economy". http://www.franchise.org/
Network Marketing is no different when it comes to scams and schemes that hurt an industry’s image. Real estate had its problems. Banking and Savings and Loans had their troubles. The stock market had insider trading scandal. Network Marketing has its peoblems like every other industry. The world is full of unsavory characters and there are new scams everyday that look like legitimate companies. So, you have to do your due diligence before you jump into any opportunity.
In the 1960s and 1970s, pyramid schemes proliferated in the marketplace, and these things continue to affect the network marketing industry to this day. Many companies came up with counterfeit version of scams from the late 1920s (The Ponzi Scheme) that looked like MLM.
In the illegal pyramids, money was the only commodity that moved through the programs. Products were attached to create a money pyramid to give the impression they were actually marketing products, but there was no underlining products or services. The schemes were developed with the purpose to recruit others into the programs.
Several high profile schemes led the reputable companies to petition government authorities to have the pyramid selling outlawed, and the regulatory investigation targeted MLM as a structure.
In the mid 1970s, the Federal Trade Commission (FTC) and state agencies embarked upon a mission to clean up the abuses of scams which took people’s money to get involve in business opportunities where there was no product being purchased. Click on this link for the FTC http://www.ftc.gov/
The FTC in 1975, filed suit against Amway alleging it was an illegal pyramid. Amway Corporation, Rich De Vos and Jay Van Andel, took on the might of the FTC. Amway spent four years and millions of dollars in legal fees to clear its name.
In 1979, the FTC ruled that Amway was not a pyramid because Amway’s revenues were generated from sales of its products. As a result of this case, the FTC acknowledged network marketing as a legal and efficient distribution system. The decision also led to the clarification of speculative or fraudulent schemes and legitimate direct sales activities. Today, MLM is regulated and there is a great deal of customer protection.
In order to spot the fakes and scams network marketing opportunity, ask the following questions to determine whether it is a legal company or a pyramid scam.
Are you required to retail the products or services before you can qualify for any recruiting or sales commission?
Does the company have a mechanism in place to prevent the stock piling of inventory?
Does the company offer its representatives who leave a buy-back provision on unsold, and unopened inventory?
In spite of its successful history of creating many millionaires, and even though it has been endorsed by many prominent business leaders and authors such as Brian Tracey, Robert Kiyosaki, Paul Zane Pilzer, Jim Rohn and Donald Trump for its merits as a proven business system for anyone who wishes to achieve financial success, Network Marketing is still mistakenly accused of being pyramid selling.
Same Walton, founder of Wal-Mart once said, “I’d rather run a profitable business in an unconventional industry than an unprofitable business in a conventional industry.”
Knowing the history of network marketing will help us to understand the origin of the business, its past problems, its future expectations, and what we can do to ensure the highest standards of the industry.
The history of network marketing will help us to avoid future pitfalls, show us what to look for in a company, and how to become effective leaders in our organizations. It is important that you understand what network marketing is all about for yourself, your prospects, and your business partners.
The exact origin of Network Marketing (Multi-Level Marketing) is unclear. Various sources dated Multi-Level Marketing (MLM) around the 1920s. It is a legal and ethical business structure used for the distribution of goods and services. Today, it operates in all 50 states in the U.S. There are thousands of network marketing companies including FORTUNE 500 Companies. It also operates in more than 100 countries with over 50 million business operators worldwide and over $100 billion annual revenue. Click this link to learn more http://en.wikipedia.org/wiki/Multi-level_marketing.
In spite of it success, Network Marketing still faces resistance from many sides due to misinformation in the marketplace. Studies show that most people still do not understand the benefits of this powerful business model which is the most efficient way to distribute goods and services, and which offers the greatest opportunities to achieving wealth and financial security to individuals who are able to find more efficient ways to distribute products and services.
Some of the reasons for this misunderstanding are due: 1) people are comfortable with what most people accept, 2) they are fearful and resist change, and 3) they would prefer to stay in their comfort zone even when change can positively affect their lives.
In the early 1960s, the franchising industry was greatly misunderstood. Newspapers and magazines covered franchise as a scam and rip-off. In 1963, Congress came within 11 votes of declaring franchising illegal. Today, according to the International Franchise Association (IFA) "a recent PriceWaterHouseCoopers study found that the franchising sector generates 18 million jobs the United States alone and yields $1.53 Trillion in economic output. There are 760,000 franchised establishments or 10% of our private-sector economy". http://www.franchise.org/
Network Marketing is no different when it comes to scams and schemes that hurt an industry’s image. Real estate had its problems. Banking and Savings and Loans had their troubles. The stock market had insider trading scandal. Network Marketing has its peoblems like every other industry. The world is full of unsavory characters and there are new scams everyday that look like legitimate companies. So, you have to do your due diligence before you jump into any opportunity.
In the 1960s and 1970s, pyramid schemes proliferated in the marketplace, and these things continue to affect the network marketing industry to this day. Many companies came up with counterfeit version of scams from the late 1920s (The Ponzi Scheme) that looked like MLM.
In the illegal pyramids, money was the only commodity that moved through the programs. Products were attached to create a money pyramid to give the impression they were actually marketing products, but there was no underlining products or services. The schemes were developed with the purpose to recruit others into the programs.
Several high profile schemes led the reputable companies to petition government authorities to have the pyramid selling outlawed, and the regulatory investigation targeted MLM as a structure.
In the mid 1970s, the Federal Trade Commission (FTC) and state agencies embarked upon a mission to clean up the abuses of scams which took people’s money to get involve in business opportunities where there was no product being purchased. Click on this link for the FTC http://www.ftc.gov/
The FTC in 1975, filed suit against Amway alleging it was an illegal pyramid. Amway Corporation, Rich De Vos and Jay Van Andel, took on the might of the FTC. Amway spent four years and millions of dollars in legal fees to clear its name.
In 1979, the FTC ruled that Amway was not a pyramid because Amway’s revenues were generated from sales of its products. As a result of this case, the FTC acknowledged network marketing as a legal and efficient distribution system. The decision also led to the clarification of speculative or fraudulent schemes and legitimate direct sales activities. Today, MLM is regulated and there is a great deal of customer protection.
In order to spot the fakes and scams network marketing opportunity, ask the following questions to determine whether it is a legal company or a pyramid scam.
Are you required to retail the products or services before you can qualify for any recruiting or sales commission?
Does the company have a mechanism in place to prevent the stock piling of inventory?
Does the company offer its representatives who leave a buy-back provision on unsold, and unopened inventory?
In spite of its successful history of creating many millionaires, and even though it has been endorsed by many prominent business leaders and authors such as Brian Tracey, Robert Kiyosaki, Paul Zane Pilzer, Jim Rohn and Donald Trump for its merits as a proven business system for anyone who wishes to achieve financial success, Network Marketing is still mistakenly accused of being pyramid selling.
Same Walton, founder of Wal-Mart once said, “I’d rather run a profitable business in an unconventional industry than an unprofitable business in a conventional industry.”
Are You Skeptical About Network Marketing?
“Belief is a great thing. Thought is the greatest forces in the world.” Let me be as straight as an arrow with you up front. I will be offering you a wealth of resources in the future that will positively impact your life. I’d like to be a part of the solution to your personal independence, and to provide you with the information for you to make an informed decision about starting your home-based business, but the choice and final decision is yours.
The very fabric of my nature is to live peacefully with everyone, if at all possible. It is not in my psyche to be deliberately confrontational or to maliciously offend anyone. But I’m by no means afraid to take a decisive stand when the situation arises. However, if for any reason, your feelings are hurt by my actions, I will say I’m sorry. Since a child I learned it takes a real big and strong person to say “I’m wrong; I’m sorry; Forgive me!”
As you read my blogs, you’re free to agree or disagree with me. It’s your call. But don’t get too upset, because while you are boiling with anger, just glance across the hall and you will see me cool, calm and resolute smiling with you. And when you get to know me, you’ll say to yourself, he’s such a nice guy, isn’t he?
Promise me this one thing, don’t ever allow anger or fear to consume you. Life is too short, too wonderful, and time is too precious to nurture a fearful and angry spirit. And when you consider the coming retirement and economic crisis that is rapidly approaching to smack us in the face, within the next 20 years, like a run away uncontrolled freight train, do you really have time to mince words with the fearful and timid of heart? Or do you muster your courage and use the resources you have to find practical solutions?
Right now, let’s agree on this one point. Most of the contents in my blogs are not my own original thoughts. They are the collective thoughts of many outstanding individuals upon whose shoulders I stand. In The Holy Bible, King Solomon, the wisest and richest man who ever lived, in Ecclesiastes, chapter 1 said “The eye is not satisfied with seeing, nor the ear filled with hearing. The thing that has been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun. Is there anything whereof it may be said, See, this is new? It hath been already of old time, which was before us.”
There is nothing new under the sun. What has been is what now is. The things you and I call new are old stuff that always existed in the universe that God allowed the ingenious human mind to discover. And the sharp human mind has packaged these things with slick advertising and marketing to make us feel we can’t live without them, including TVs, computers, cell phones, the worldwide web…. Do you remember how happy our seventh great grandparents were playing “hop-scotch” with their iPODs? “What the mind builds in imagination, the mind can indeed build in reality.”
What you and I call secrets are only secrets because we are hearing these things for the first time. For years many people were trying to get our attention to share many ideas. Many books sitting on shelves were shouting out to us. Pick me up! Read me and learn things that will empower you! For years we missed those calls, because we were too busy-- too caught up with ourselves. Later with regrets, we awoke from our hiatus like a desperate, hungry, and angry bear only to find it is a new season with new challenges. And, yes, we still can’t understand why we closed our minds and cheated ourselves out of so much great ideas and knowledge that could have benefited us years ago. “We really don’t know how much we don’t know.”
Well, be of good cheer! You are still alive! Be hopeful! Start paying attention from now on and aspire to change your future. Again, King Solomon in the Book of Ecclesiastes, chapter 9 said “…The race is not to the swift, nor the battle to the strong, neither yet bread to the wise, nor yet riches to men of understanding, nor yet favor to men of skill; but time and chance happeneth to them all.”
Sometimes life puts us through its ringers to test us, prove us, and refine us. Next time before you go around shouting “woe is me!” “Why me?” Just think of Joseph who was sold into slavery and sentenced to prison. Think of Daniel who was thrown into the lions den. Think of Jonah who was in the belly of the fish. Think of Paul and Silus who were thrown into prison. Think of the posture of King David. David comforted himself in his God.
Some of our problems are peanuts compared these men. We can learn a lot from each of them, and we must always remember that Jesus is in control of the whole show. He promised never to leave nor forsake you, and he will always provide a way of escape for us in our times of trouble.
Now, honestly, why are you skeptical about Network Marketing?
Read my other articles:
“So You Wanna Build A Successful Home Business?”
“What Is Network Marketing? – Part I
“What Is Network Marketing? – Part II
“What Is Network Marketing? – Part III
“What Is Network Marketing? – Part IV
“Why You Need To Start A Home-Based Business?”
“What Are The Tax Benefits Of Owning A Home-Based Business?
The very fabric of my nature is to live peacefully with everyone, if at all possible. It is not in my psyche to be deliberately confrontational or to maliciously offend anyone. But I’m by no means afraid to take a decisive stand when the situation arises. However, if for any reason, your feelings are hurt by my actions, I will say I’m sorry. Since a child I learned it takes a real big and strong person to say “I’m wrong; I’m sorry; Forgive me!”
As you read my blogs, you’re free to agree or disagree with me. It’s your call. But don’t get too upset, because while you are boiling with anger, just glance across the hall and you will see me cool, calm and resolute smiling with you. And when you get to know me, you’ll say to yourself, he’s such a nice guy, isn’t he?
Promise me this one thing, don’t ever allow anger or fear to consume you. Life is too short, too wonderful, and time is too precious to nurture a fearful and angry spirit. And when you consider the coming retirement and economic crisis that is rapidly approaching to smack us in the face, within the next 20 years, like a run away uncontrolled freight train, do you really have time to mince words with the fearful and timid of heart? Or do you muster your courage and use the resources you have to find practical solutions?
Right now, let’s agree on this one point. Most of the contents in my blogs are not my own original thoughts. They are the collective thoughts of many outstanding individuals upon whose shoulders I stand. In The Holy Bible, King Solomon, the wisest and richest man who ever lived, in Ecclesiastes, chapter 1 said “The eye is not satisfied with seeing, nor the ear filled with hearing. The thing that has been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun. Is there anything whereof it may be said, See, this is new? It hath been already of old time, which was before us.”
There is nothing new under the sun. What has been is what now is. The things you and I call new are old stuff that always existed in the universe that God allowed the ingenious human mind to discover. And the sharp human mind has packaged these things with slick advertising and marketing to make us feel we can’t live without them, including TVs, computers, cell phones, the worldwide web…. Do you remember how happy our seventh great grandparents were playing “hop-scotch” with their iPODs? “What the mind builds in imagination, the mind can indeed build in reality.”
What you and I call secrets are only secrets because we are hearing these things for the first time. For years many people were trying to get our attention to share many ideas. Many books sitting on shelves were shouting out to us. Pick me up! Read me and learn things that will empower you! For years we missed those calls, because we were too busy-- too caught up with ourselves. Later with regrets, we awoke from our hiatus like a desperate, hungry, and angry bear only to find it is a new season with new challenges. And, yes, we still can’t understand why we closed our minds and cheated ourselves out of so much great ideas and knowledge that could have benefited us years ago. “We really don’t know how much we don’t know.”
Well, be of good cheer! You are still alive! Be hopeful! Start paying attention from now on and aspire to change your future. Again, King Solomon in the Book of Ecclesiastes, chapter 9 said “…The race is not to the swift, nor the battle to the strong, neither yet bread to the wise, nor yet riches to men of understanding, nor yet favor to men of skill; but time and chance happeneth to them all.”
Sometimes life puts us through its ringers to test us, prove us, and refine us. Next time before you go around shouting “woe is me!” “Why me?” Just think of Joseph who was sold into slavery and sentenced to prison. Think of Daniel who was thrown into the lions den. Think of Jonah who was in the belly of the fish. Think of Paul and Silus who were thrown into prison. Think of the posture of King David. David comforted himself in his God.
Some of our problems are peanuts compared these men. We can learn a lot from each of them, and we must always remember that Jesus is in control of the whole show. He promised never to leave nor forsake you, and he will always provide a way of escape for us in our times of trouble.
Now, honestly, why are you skeptical about Network Marketing?
Read my other articles:
“So You Wanna Build A Successful Home Business?”
“What Is Network Marketing? – Part I
“What Is Network Marketing? – Part II
“What Is Network Marketing? – Part III
“What Is Network Marketing? – Part IV
“Why You Need To Start A Home-Based Business?”
“What Are The Tax Benefits Of Owning A Home-Based Business?
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