Invest In Yourself, Invest In Your Future
Commonly held wisdom tells us that it is a very good idea to save 10% of what we earn. Many popular authors of financial self help books explain in great detail that after 20 to 30 years this 10% savings can likely help you retire from your day job. In fact, you probably know of such people that live in your neighborhood that have paid themselves first in this manner and over the years amassed considerable wealth. If you are able to sit down today and adjust your living expenses so that you can live on 90% of your income to start saving 10% you are fortunate indeed. Especially if you happen to live in an urban area where the cost of living is continually increasing. Additionally, if you, as many people do, already give regularly to a local church or charity 10% of your present income that will only leave you with 80% to budget. Most people think such a savings strategy to be extremely difficult if not impossible to follow. However if you read more closely to the advice given by popular authors, they are trying to tell you that you should use some of the 10% you are saving to improve your skills so you can earn more. Their message is to continually improve your earning ability in order to increase the amount you can earn. Nobody expects NEVER to get a raise or earn more money. They may not believe that this could happen any time soon at their current job but certainly they realize that their life's ambitions are not limited by their current situation. Unfortunately when they sit down and attempt to map out a financial strategy to get ahead they usually forget a basic fundamental economic principle. Learning new skills always means the ability to earn higher wages. Even in something as simple as weaving carpets there are lousy cheap polyester carpets and very expensive Persian wool rugs. Some created by lousy carpet weavers at minimum wage. Other's created by expert carpet weavers that have studied their craft and honed their skills in modern factories. Most people think earning more money means that they have to have a second and third and maybe even fourth job. How depressing! What they really need is an opportunity to earn more income and then have the income grow exponentially. In financial terms this type of income is usually called residual income. When you go to an investment advisor they always like to explain that if put X dollars in an investment and reinvest the interest then it will begin to grow exponentially. If you practice this type of investment strategy it can lead to a very large sum after 20 years. Especially if over those years you contribute monthly a small amount to cause the principle to grow. Network Marketing is a business opportunity that can lead to exponential income growth or residual income. You begin by starting a part time home based business usually called an independent distributorship that earns income by recommending the products to others and earning commission income on those referrals. The key to exponential growth in Network Marketing that is important to understand is simply this: You always introduce the business opportunity to others when they buy the products because you are expecting to find some people who will also be interested in the business opportunity. Those people you train to do the same as you are doing. Recommend and introduce. By sponsoring new distributors and teaching them to do the same a downline is created. Network Marketing companies pay a percentage of the retail cost of the products back to the distributors. This percentage is divided up amongst the distributors who had a part on recommending the products up to 8 levels deep in the downline. Like the interest investment, the goal is simply to continue recommending the products to others and training those whom you sponsor as new distributors to do the same. This activity ensures that you will experience exponential growth in your organization. Over time this simple duplicatable activity will lead to a very large group of people who are doing the same work of recommending the products every day in your organization. Over time this also can lead to very large commission cheques because of the exponential growth. By investing in yourself a small portion of the 10% savings to learn the art of network marketing you will have a new skill. This new skill will allow you to over a few short years to establish a business owned by yourself that's income is only limited by the number of people you introduce the business to as well as train them to do the same. Since there are considerable tax advantages to owning a home based business you should also consult a tax consultant for information for your province or state. Usually the tax savings amount to over 10% of your income so if you're careful you can create a business that breaks even in the first month. Success is not hard. It just takes a bit of work focused on the right activities, activities that create income. Ted Sullivan is a Tahitian Noni Independent Distributor who is helping others succeed at Network Marketing. He owns http://www.nonijuiceint.ca/ http://www.nonijuiceint.us/ and http://www.eplanetnews.biz/ and uses them to develop his business online.
Related News
3FN Strengthens Executive Team With New HR Director Appointment - PR Web (press release)
FutureOffice Network™ Presenting Smartcast Webinar on Immigration ... - PR-CANADA.net (press release)
BurnLounge promoter settles FTC complaint - NetworkWorld.com
BurnLounge promoter settles FTC complaintNetworkWorld.com, MA -Jul 1, 2008The FTC announcement comes a year after BurnLounge said it had reached an agreement with the agency to stop the "network marketing" portion of its business ... |
"Putting The Net In Network Marketing 2008" Event Announced - Emediawire (press release)
Virtual Worlds: An Untapped Healthcare Marketing Resource - LinuxInsider.com
NO tourism organizations studying merger plan - The Times-Picayune - NOLA.com
NO tourism organizations studying merger planThe Times-Picayune - NOLA.com, LA -2 hours agoThe Multicultural Tourism Network, which has a nearly $400000 budget, occupies an office in the CVB building. Under the CVB's proposal, Marketing Corp. ... |
Nonprofits should make use of social networking - Houston Chronicle
Nonprofits should make use of social networkingHouston Chronicle, United States -22 hours ago"I can't actually do it for you," said Ed Schipul, founder and CEO of Schipul, a Web marketing firm that has a lot of nonprofits on its client list. ... |
Marketers urged to catch up, use online digital media tools - Manila Bulletin
ZONG continues innovating with 50-paisa call to any network - The Post
High Tech Communications, Inc. and Relationship Building Network ... - PR-CANADA.net (press release)
|
|
 |
|
|
RELATED ARTICLES
Network Marketing
When a person knows and knows not that he knows. Teach him.
How to Succeed With a Network Marketing Program
Network Marketing Companies abound by the thousands. If you type in network marketing into any of the major search engines, you will get thousands upon thousands of results. A lot of people have joined network-marketing programs and made lots of money from their efforts. Anybody with ambition and energy can probably find a company that suits them and join it and eventually attain financial freedom.
Network Marketing? What Is That?
Nowadays, network marketing is very popular in our society. Almost every body knows about that. But, part of them are skeptical about network working. They thought that it was impossible to become a rich man, just only take some people to their network marketing system. Actually, this people don't know about what is network marketing and how much powerful the system.
How One College Student Quit School to Reach Financial Independence? No It Not Texas Hold-em!
College is a great place where many people relax between High School and the real world. Bill Gates one of the wealthiest men in the world dropped out of college to form Microsoft. Many of the New Age Internet Billionaires either dropped out of college or made their Billions in spite of college.
MLM Recruiting - The REAL Reasons Why People Join Network Marketing Companies
If there was a way that you could guarantee to explode your MLM recruiting, and touch people in such a way that most would follow you to the moon if you went...
To MLM or Not to MLM?
I was posed a question the other day about MLMs, why it leaves a
bad taste in some peoples mouth, the term MLM even triggers spam
filters. Some programs even advertise "This is not MLM" as though
that is a plus for it. Is MLM really bad?
MLM Success - In MLM, Why Do People Resist Change?
The MLM Rule of Life.
How To Start A MLM Business
When considering whether to start a MLM business, begin with a good look at yourself. You must determine your needs and motivations to see if running a MLM business is right for you. What are your goals? What amount of income do you need for the business to provide? Do you want to work full or part-time? Do you need additional training to start the business? What will my start-up costs be? A world of questions must be answered before venturing out into the world of direct marketing.
Make Your Online Party A Success
Online parties are quickly becoming the better alternative to the traditional "In Home Party". Online parties can be more accommodating for the company rep and the hostess for various reasons. There's no driving to another persons home, getting the snacks ready, loading and unloading all your products, cleaning your house and best of all no dressing up!
Purposeful Web Site Planning - Dont Get Started Without Goals
It seems like everyone has a web site these days. And those who don't have one are probably thinking about one. If you're in the thinking stage, congratulations! Having a web site is a fantastic way to grow your business by making you more visible to the world. But before you jump on the web site bandwagon, ask yourself this question: "WHY do I want a web site?" The answer is NOT, "Because everyone else has one."
Profiles Of Three Successful MLM Companies
Looking at MLM companies, you will find some of the largest and most successful companies in America. The following is a sample of the largest MLM companies and a brief description of their history. If you are considering starting your own MLM business, one of these companies might be the one you are looking at closely.
Network Marketing and its Future
Internet marketing has had phenomenal growth and this trend will continue with no signs of abatement in foreseeable future. Individual entrepreneurs and small business organizations will increasingly look for fresh avenues on the Internet. By all indications network marketing will continue to grow providing fresh opportunities for serious marketers.
Five Steps That Will Help You Succeed in Niche Marketing
Niche marketing is a manifestation of how much internet marketing has evolved in recent years. Niche marketing is based on a real world model, that is, it is a business strategy that is focused on real people with real needs and with real money to spend.
MLM Leads- MLM Leads Success Training- Part 1
MLM Leads are a great way to not only create activity in your MLM Business, but also find some great people for your business. Many people are looking for a home business, and MLM Leads have proven to be a great source of Success with lots of folks.
Finding Targeted MLM Leads
The objective of multi-level marketing (MLM) is to sell the product or service and to encourage the client to become an independent distributor, who then sells the service or product as well. Leads are vital for any business to grow, and in order for the business owner to have the greatest success, the leads must be curious enough in the business opportunity to have expressed an interest. The prospects that have expressed an interest in becoming distributors are known as Targeted MLM Leads.
Tips to Setting Boundaries: Making Your Office Your Own
The American Dream. Quitting your 9-to-5 job to start your own
business and work at home. More and more people are making their
dream come true. But before you quit that job and set up your
home office, there are a few issues to consider.
Network Marketing Companies
Network marketing companies are mushrooming up everywhere these days. It's really hard to distinguish between good, reliable network marketing companies and those that are just scams. And of course there are a lot of network marketing companies in between ? those that do have good intentions, but do not have a good track record, for whatever reasons.
How To Succeed In Network Marketing (Part 2)
So, you've found a company that you truly believe in. You've researched it and learned the business plan.
Using Testimonials To Create Traffic to Your Web Sites
Most good sales pages for internet marketing products,
services or programs have testimonials. Everyone has seen
them and many of the people in the testimonials have become
familiar faces to those who are into the internet marketing
industry.
How to Build Your MLM Business by Not Talking
In my last article entitled "How to succeed in MLM without really trying" we discussed limiting your recruiting efforts only to those people who have indicated a discontent or an unwanted condition in their life.
|