Archive for the ‘blog’ tag
Mlm Talk Radio Show
MLM Training – When to Develop Multiple Streams of Income
I’ve made millions in network marketing, I’ve made millions through investments, and I’ve also lost a lot of money too. Profit from my mistakes and learn how to best invest the money you make in your MLM business.
Network Marketing professionals often ask me how to manage the profits earned from their MLM income.
Can you make more money by diversifying into investments such as stocks, bonds, real estate, etc., and have your money working for you in other areas besides an MLM business? Or would you make more money by really focusing and investing your money back into your MLM business?
There are three items to think about when answering this question for yourself.
A. What else would you do with your time?
B. What else would you do with your money?
C. What else would you do with your attention (definition: the ability or power to concentrate mentally)?
Every investment (stocks, bonds, real estate, your sister’s business) requires that you learn about it. And just the learning costs time and attention. And it is the using up of your attention that rarely gets factored into the “diversify your money” advice.
Probably what’s most important here is, the greatest amount of money you will ever lose, is that amount you will never make because of misuse of A, B, and C from above.
I was listening to a radio talk show about 10 years ago and the advice given was to “Select the top three stock market sectors based on trends. Put one-third of your investment capital in each. Wait 10 years and you should be wealthy off your passive investments.” I was making about 50 thousand dollars a month above my expenses – so I thought, “Why not?”
I chose the following sectors: Health Care, Technology, and Telecommunications. After losing about half of my money I changed to three different sectors. I looked at my portfolio today and I have lost another $11,848.78.
Don’t get me wrong; there have been times I’ve made over $50,000 dollars in the stock market in a day. Fun! And there have been times I’ve lost $150,000 dollars in a day. Not fun.
In addition to that, I’ve spent an enormous amount of time on my “passive” investments. Many hours (per week) have gone into “pondering” (wasting item C from above) what the stock market is going to do next. Reading newsletters, magazines, newspapers, watching the stock market news and commentaries on TV. And still my return has been negative.
The only thing that has remained very stable and predictable is my network marketing income. Had I taken the same amount of money, roughly $500,000 and invested it into promoting my MLM home-based business would I have had a greater return? Yes.
So what about the “Rich Dad Poor Dad” philosophy of “Buy assets that produce more income?” Or the more common way it’s stated, “Create multiple streams of income?”
As you may know, I created a prospecting tool based on that philosophy where I explain to prospects how wealth is created by investing in assets. So I’m very close to this subject.
However, if you listen closely to the way I stated it in the online movie, I say, “So what are assets? Well the most obvious ones are: stocks, bonds, real estate…” Then I say, “…education and businesses.” And to that I’m referring to educating yourself about businesses. Whether that be your MLM home-based business or your pinball machine business.
Two common mistakes in making decisions on A, B,and C from above are:
1. Making decisions based on now vs. decisions based on future. Of course you need to pay your bills now. They’re screaming at you! But keep in mind what I talk about in Brilliant Compensation – it’s not faster (in the long run) to tie your young son’s shoes than teaching him how to do it himself. If you tie his shoes for him you silence the screaming urgency, but you’re still stuck with the job UNTIL you teach him to tie his own shoes. When you make financial decisions make sure you’re looking at the long-term. Residual income that can be generated from an MLM business is sweet.
2. Making decisions based on “could you” instead of what you “will you” do with your time, money or attention. Example: A guy determines that it’s a poor use of his time and attention to mow his own yard, so he hires the boy down the street to cut his grass. Now, what does he do with that extra time (A), and the extra attention (B)? He watches TV. Bad choice. When he was making the decision to hire the lawn boy he thought, “It’s a waste of my time to mow the grass when I could be doing more important things like building my MLM business.” Make sure when you free up any of the three resources you use them wisely.
Summary: My personal opinion is invest your time, money and attention into KNOWING your MLM home-based business and getting really good and profitable at it. Find and study MLM training that is proven and effective, and master it.
Continually reinvest your profits back into your network marketing business by promoting it more, that’s where the high return is. When you have a surplus of income, buy a secure investment like Treasury Bills, until you’re ready to learn another business FULLY. By business I’m including all investment activities as well. Then focus your time, money and attention (from the surplus only) on knowing THAT business.
From my experience, diversifying my money has done nothing more than dissipated my focus, which has in turn lost a lot of money, time, and attention.
About the Author
Tim Sales helps network marketers gain the confidence and skills to be an MLM success. Learn how to become a true network marketing professional and sign up for his free MLM training newsletter and listen to free training at
www.brilliantexchange.com
Tony Robbins “THE MLM RADIO SHOW”
The Best Mlm Training
I need to work at home and I can train, but what’s not a scam?
I don’t want to do MLM or eBay or sell anything. I can type 65 wpm and I want to do something that entails a skill. What can I train for and where’s the best place to find good training?
Check out http://www.mtworkathome.com for free info on medical transcription as a career choice and a free Ebook all about it. Good luck to you.
Want The Best (Network Marketing Training) Available?
|
|
How to Sell Network Marketing Without Fear, Anxiety or Losing Your Friends! (Selling from the Soul. Ancient Wisdoms. Modern Practice) $19.00 It’s no secret that knowing ‘How to Ask the Right Questions at the Right Time’… and ‘Listening to What is Being Meant, Not Just What is Being Said’… are the essential problem-solving skills of the effective Distributor. These skills will get you what you want, faster and more efficiently. They will allow you to understand what others want before you start Telling your Story or Presenting. … |
|
|
Guerrilla Multilevel Marketing: 100 Free and Low-Cost Ways to Get More Network Marketing Leads $9.20 Guerrilla Marketing has become a bestselling book in 62 languages for one simple reason: it works like no other marketing: to maximize your profits and minimize your investment. With more than 21 million copies of Guerrilla Marketing books sold worldwide, and the many university MBA programs offering Guerrilla Marketing, this is now far beyond an opinion. Guerrilla Marketing is the best known mark… |
|
|
Questions Are the Answers $9.95 Presents simple field tested skills and strategies of network marketing business. This book teaches you how to achieve top of the line income…. |
|
|
PowerLine PSS60X Squat Rack $149.74 Body-Solid PowerLine Squat Rack Solid and stable, the Body-Solid PowerLine Squat Rack holds the bar safe and secure with the heaviest of weights. Bar supports feature height adjustments from 2′6″ to 5′ for doing flat, incline and decline bench presses, squats, curls, upright rows, shrugs, calf raises and much more! Wide and deep base for extra stability. Measures 2′6″ x 3′1″ x 4′ (5′ at full heigh… |
Mlm Magazine Mlm Information
What Makes a Good MLM Newsletter
Looking to create a good MLM newsletter? One of the most important ways to get training into your business is to publish a newsletter. Let’s look at what goes into making a successful newsletter that would encourage most anyone in any mlm business, to read and learn something from it.
Training has always been one of the strong points of any good mlm business. Much of that is centered on personal development. Due to so many people who join network marketing, face challenging obstacles that need mental and emotional strength to help overcome and conquer them.
1. What is the goal of your MLM newsletter? It should be to provide a combination of personal development and MLM nuts and bolts. Having access to useful information a person can use to build their business is as important today as the personal success tips you offer.
The reason for that is that a person can use the Internet to build a business and have very little one-on-one contact with individuals in their group. Your appearance and how you see yourself is not nearly as important as how many visitors you are following up with everyday by email.
2. Do not make it on any specific MLM business. If you do it this way rather than publishing a newsletter just about the MLM Company you are promoting, then you can use your newsletter to build credibility. That will give you the chance to enroll new distributors from other MLM businesses that are based on the same principles.
3. Make it a fund read. Multi level marketing is fun, if you choose to make it that way. Making an income and helping people is fun. So make your MLM newsletter enjoyable to read. People will want to read it and tell their friends about it, if you keep their interest and develop their mindset.
You make it real by telling true-life stories of people and what they are going through with their own businesses. Have you ever heard of Reader’s Digest or Life Magazine? These magazines have been around forever telling real life stories their readers find interesting and fun to read.
4. Publish your MLM newsletter on the Internet. This is much cheaper than mailing it and you can build a subscriber base of thousands of people much quicker this way. You can also use you newsletter as an MLM lead generation tool because some of your subscribers will want to be in the same business as you.
Keep these four things in mind to make your MLM newsletter good for you and for your subscribers. Be persistent and submit it on a scheduled plan and you will have more satisfaction and make some money with it
About the Author
Aubrey Richardson creator of LogoFax.com Logos & Clip Art and founder of a leading website that shows others how to build a successful online business. If you want to find out how you can benefit from his free popular ecourse, go here now => Internet Based Business Opportunity.com
How is (Top Network Marketer) Jeremy Leuchtag Changi…?
|
|
VITAL XP $49.95 VITAL XPTM Mind & Body Extreme Life Performance Don’t just ’survive’ the day – when you can ‘Thrive’ every day. VITAL XP is real science and nutrition for real results! Energize your Mind and Body for Optimal Performance! More X Factor: |
|
|
Wave 3: The New Era in Network Marketing $6.66 Catch the Wave!Fueled by new technology and innovative marketing ideas, cutting-edge network-marketing companies have set out to change the way North Americans live and work. To the corporate world, these companies offer a secret formula for lightning growth and global dominance. To people like you, they offer a chance to start a business at minimal cost, to work comfortably from your home and—f… |
