Network Marketing (MLM) Delivers (6)

There are a couple of things that have helped me mature and grow my business in network marketing (or MLM).  These ideas are not new, but when I make them part of the culture of the organization, they really have helped in growing a very sustained passive income business.

Firstly, think in terms of multiplication, not “addition and subtraction”. Whilst most people know the importance of compounding and duplication, many of them that I come across tend to focus on getting numbers.  Getting numbers is definitely good, but making duplication work even with smaller numbers is actually even better.  People come and go for various reasons. It is duplication that can make a lasting impact on the business.  A successful business can be as easy (or difficult) as finding 2-5 serious people and teaching them to do the same. Period.

Secondly, think in terms of building a residual income stream, not just extra income. How often do we tell our new people how they should look at the first cheque they receive in the first month?  Earning residual income is like earning interest on money in a bank.  Taking interest rate at 3% per annum, a first cheque for as little as  $50 could mean that you have effectively built a $20,000 deposit in the bank.  And $500 a month would mean $200, 000 in the bank….and so on.  Is this “pool of money” worth working for?  It is your choice.

Network marketing (or MLM) is a people business.  I find it fascinating because it makes me think more about people, about others, about myself, about relations, about human nature, about love, and about life….more so than any other things I do in the past.  It is a good way to learn how to lead a happier life, and build better relationships.

In the spirit of the late Nadine Stair, we cannot go wrong, can we?
“I’d make more mistakes next time. I would be sillier. I would take fewer things seriously. I would take more chances. I would climb more mountains and swim more rivers. I would perhaps have more actual troubles, but I’d have fewer imaginary ones……. I would travel lighter than I have. I would pick more daisies.”

If I can pick more cash as well, even better.

Live Life, Junius.
p.s. Thanks to my friend Danny, I had the opportunity of viewing Tim Sales’ latest video recording on Brilliant Compensation.  I find it an incredible educational tool on the subject of network marketing (or MLM).  The video lasts for about one and a half hours, but the time is definitely worth spending for.  You can click on the link and check it out for yourself.