In part 1 of MLM Due Diligence, we set the criteria for assessing a company from the outside. If a company fails on any of those tests, it’s best to leave it and move on. Now we really get into the meat and potatoes…
First of all, why is it so important to pick a good company to build with?
Simple. The reason why Warren Buffett is so wealthy is because he is very, very careful with his investment decisions.
Only when he is absolutely confident that a company will continue to grow and be profitable long into the future, will he put his money into it.
I heard that of the thousands of potential investments he studies every year, he is happy to make just ONE good investment decision. That’s just amazing! [click to continue…]
If you want to build a solid network marketing business that will pay you a lifetime of income and that you can pass on to the next generation, you must choose a good network marketing company.
In my opinion, the company you choose to build with will account for as much as 40% of your long term success. The other 60% comes from YOU.
There are big, brash leaders in network marketing who will tell you that your success is all up to you. It’s all your fault if you’re not successful. “If it is to be, it is up to me!”
That’s a half-truth.
Sure, you can become the most highly developed individual, have a super positive mental attitude, have a magnetic personality and still end up in an illegal pyramid scheme that gets shut down by the Federal Government, and gets you sent to jail.
The company you choose WILL have a major bearing on your long term success. You must choose wisely. [click to continue…]
A while ago, I received an email from my mentor. He was telling a story about how one day, he found an entire downline genealogy of an existing MLM company for sale on the internet.
He knew the owners of the company, so he called them up and said “Hey! What’s going on? My gosh, your company is doing good, isn’t it?”
“Yeah. Company is doing great. But we couldn’t afford to buy the software, so we leased it. And part of the lease deal is, the software company owns the database.”
The software company decided it needed more money, so it sold the entire database to 10 third party MLM lead companies for $10,000 each, pocketing a nice $100,000 off the backs of the hard work of the distributors.
Can you imagine that? [click to continue…]
Have you ever focused so strongly on a goal, been inspired by it every day, got that utopian feeling from it, and then when you finally achieved it, it was a huge anticlimax?
Have you ever thought “Is that all there is?”… I know I have.
Before you get the wrong impression, I’m not diminishing the importance of setting goals or focusing on one’s dream every single day until it happens.
Having dreams and setting goals is essential, because if you don’t know what you want, you are just going to settle for whatever you’re given. And this is what most people do. [click to continue…]
How many star recruits do you need in order earn the “big money” in network marketing? Most leaders will tell you that their big money comes from only a handful of superstars in their downline.
MLM legend Tom “Big Al” Schreiter claims that less than 10 great frontline partners is enough to bring you true financial freedom. Now there’s a thought.
Just how do you find this handful of super high quality people? That’s the biggest challenge of any network marketer. It’s like finding needles in a haystack.
A “shortcut” is to use a magnet. In the business world, that magnet is GOOD MARKETING. [click to continue…]
Have you ever wondered how wealth is created in network marketing? Perhaps you’re still wondering if it’s a “real” business, as there are no “bricks and mortar” involved.
First of all, what is wealth?…
When most people think about wealth, they think about “money getting”, or making more money. But Robert Kiyosaki has a very simple definition for creating wealth – it’s not about how much you make, it’s how much you keep!
Joe Sugarman has a very profound view on this as well. He says, whatever you focus on expands. If you focus on your health, then your health expands. If you focus on your business, your business expands. But if you focus on money, you will always chase money because money is NOT REAL. [click to continue…]
