Belief In MLM In 45-Seconds: How To Own Your Life
Achieve A Firm Belief In MLM In 45-Seconds:
Learn How To Own Your Life
A presentation by Don Failla that will change your life…
Once you understand the power of residual income, you will be self-motivated to persevere.
Once everyone in your organization understands the power of residual income, they will persevere. Attrition will become a non-issue!
This post is a follow-up to a previous post, The $300 Solution.
Review and understand the following numbers:
The ultimate goal for many people who become independent distributors in network marketing is an income of $10,000 per month.
$10,000 per month is “walk away money” for most people. This puts the earner in the top 5% of income earners in the U.S. $10,000 per month ($120,000 per year) is DOUBLE what most “successful” people earn in their J.O.B. With little in savings and an epidemic of foreclosures, it is obvious that $60,000 per year is NOT ENOUGH!
So what if you can grow your home-based business to the level where you are earning $10,000 per month? That would be the equivalent of living on the interest from $6 MILLION in the bank!
The question is: how are you going to accumulate $6 million dollars – that is, save $6 million AFTER taxes and all your household expenses?
The answer – and the bad news for 99% of Americans and others around the world – is that it will be virtually impossible!
Unfortunately, many people get involved in network marketing, and then quit within six months to a year because they are not YET making $10,000 per month! That is attrition. Attrition accounts for a turnover of as many as 80% of mlm reps each year!
These people do not understand the value of “getting rich quick, the SLOW way” (as Jordan Adler advises in his book, Beach Money.)
People who quit MLM don’t realize that:
1. 90% of your results come from the last 10% of the efforts you expend.
2. Residual income is cumulative. You need to commit to consistent efforts over a 3 to 5 year period.
It is possible to earn “Beach Money” in 3 to 5 years! This is an income that could not be duplicated in 40 years of corporate America!
It is also crucial to understand that you don’t go from zero to $10,000 per month overnight, or even in a straight line!
Before you can earn $10,000 per month in network marketing you have to earn $1,000 per month. And before you can earn $1,000 per month, you have to earn $100 per month!
So let’s take the comparison between residual income and interest or investment income a little further…
Did you know that earning $400 per month in residual income from your network marketing business is equal to the interest you would earn on $200,000 in the bank?
Think about that. Earning just $400 per month would be like someone making a $200,000 deposit in your bank account! You would be generating the same income!
Let’s cut the numbers in half: earning $200 per month would require a balance of $100,000 in the bank! Do you have $100,000 in the bank? Which will be easier to attain? $200 in commissions from your network marketing business or saving $100,000?
Side note: the business that Randy promotes and recommends pays a MINIMUM of $100 per new distributor! Which is easier: recruiting two new distributors per month or saving $100,000? In addition, distributors earn commissions on the retail purchases of their customers!
Also note: 80% of bankruptcies could have been avoided with JUST an additional $200 to $400 in monthly income!
MOST people don’t join a network marketing company to earn $10,000 per month! They join to earn $200 to $400 per month!
Watch the following two short videos as Don Failla explains the power of residual income and gives more examples:
Millions of people are facing an uncertain economic future. Some young families will lead lives at a lower standard of living than their parents. Many “baby boomers” will never be able to retire.
I invite you to watch these videos several times. Understand the power of adding $100, $200, then $400, and then $1,000 per month to your income. Is there any other system that provides the same “return on investment”?
Are you looking for an alternative? Are you searching for a system that can provide $200 to $400 per month – with the potential for $10,000 per month in 3 to 5 years? Then I invite you to CLICK HERE (or on the image below) to learn more about the business that Randy recommends – a business that can be marketed to any individual!/h4>
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Randy writes about topics that affect your finances, including Making Money and Saving Money. Randy is especially passionate about entrepreneurship. The Marketing Training section includes EXACTLY what Randy is using NOW to earn a full-time income as an online marketer - and how you can do the same! If you think any of the posts or articles would be interesting to others, please forward to your contacts. Follow Randy also on Twitter and Facebook!
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