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Digg it UP - The Truth About Network Marketing (MLM)
What is a CNC Machine? CNC stands for Computer Numeric Control. Sounds complicated, but it isn’t. Years ago, it was just NC, or Numeric Control. Since, they’ve added computers to control the machine.In the simplest of terms, think of a drill press. It’s a machine that drills holes. But before you can drill the hole, you have to loosen the chuck, install the correct drill bit, drill the hole in the correct place, turn off the drill, and remove the drill bit. Manually, this could be time consuming and cause fatigue over the course of numerous parts. This is a simple example, but throw in some lathe or milling machining and you have a greater chance for error.With the CNC machine, all of this drilling can be done automatically instead of the manual process listed above. Mac
Countless times have I been approached by some of my friends who have discovered this “NEW” business opportunity and talk to me about how good the opportunity is but can’t get up in front of a group of two people to do a sales presentation. To me, he would not be very convincing. If he is not successful in this business, how can he expect me to be successful?
This leads me to the next topic, duplication. Duplicating oneself is one of
"The subprime loan debacle will make it more difficult for borrowers to get mortgages and will cause U.S. home prices to fall this year for the first time on record", the National Association of Realtors said."The 2007 median price for an existing home likely will decline 0.7 percent to $220,300, the first drop since the real estate trade group began keeping records in 1968 and probably the first decline since the Great Depression," said Lawrence Yun, an economist with the Chicago-based associationWith a few dozen of the big name lenders, New Century for example, either filing for bankruptcy or are in dire financial trouble... it seems as though the US Government is currently not willing to accept that this situation is a problem.“Despite those warning signals the leadersh
What about network marketing a.k.a. multi-level marketing (MLM)?
In this article, I will attempt to explain the truth about MLM and their advantages and disadvantages.
Let’s face it. The 9-to-5 rat race just won’t cut it these days. With living expenses going up, and gas prices escalating to a new high, gone are the days when families lived on the father’s salary and the mother was a stay-at-home mom raising the kids. Gone are the days when you received a big fat pension when you turn 65.
Nowadays, many American families still find it hard to make ends meet. The mom’s salary is not enough to pay the bills too. What are we to do? Develop a tertiary income?
One of the ways to develop a tertiary income is through a business model called multi-level marketing, or network marketing to some folks.
What is network marketing? Network marketing is a form of direct sales where you sign up as a distributor, pay your signup fee, purchase products from your distributorship, and share the business opportunity with others and hope that they can be your distributor too. When your distributors buy from their distributorship, YOU get paid a commission.
The beauty of this business is that there is no overhead, no employees, no commute, and no inventory to stock up. Pretty cut and dry. Right? Wrong!! There is more to it than this.
To be successful in this business, one must:
1. develop good sales presentation/face-to-face selling skills,
2. be able to duplicate himself,
3. get a good mentor,
4. have a reasonably priced product/service that sells.
The truth of the matter is that successful network marketers must be good in closing a sale. He/she must be good at doing face-to-face selling or sales presentations to a prospective recruit or a group of recruiters. A successful MLM’er will have a greater success ratio of recruiting prospect if he himself is doing the sales presentation as opposed to having some big name person in the company, like Robert Allen, do all the smooth talking for him.
Think about it. If your friend wanted you to check out a sales meeting for some obscure MLM company, and you found out that your friend is not doing the sales presentation, then it is your friend that is NOT doing the selling to you, but rather the person who is doing the dynamic public speaking. Yet your friend wants YOU to buy into the opportunity even though he is not selling you any anything. Your friend wants you to sign up so that he can earn a commission off of your signup fee. Does that make sense?
Countless times have I been approached by some of my friends who have discovered this “NEW” business opportunity and talk to me about how good the opportunity is but can’t get up in front of a group of two people to do a sales presentation. To me, he would not be very convincing. If he is not successful in this business, how can he expect me to be successful?
This leads me to the next topic, duplication. Duplicating oneself is one of
In 2003 we saw the introduction of the CAN-SPAM act which, regretably is a step in the wrong direction by the US government. This article provides my own personal opinion of why.Firstly, let's look at what the act does do. It makes it legal to send spam, but only in a specific way. It is illegal to send spam through virus infected or compromised machines - but then use of these things is illegal anyway. Spam must be sent from a valid e-mail address, and must provide a valid opt-out method.Essentially what this means is that spammers can send anyone they want a mail and it is up to the recipient to opt-out of receiving more. Let's apply this reasoning to other laws - I can rob you once, and if you would prefer I discontinued please send me a letter. I can rape you or kill
Nowadays, many American families still find it hard to make ends meet. The mom’s salary is not enough to pay the bills too. What are we to do? Develop a tertiary income?
One of the ways to develop a tertiary income is through a business model called multi-level marketing, or network marketing to some folks.
What is network marketing? Network marketing is a form of direct sales where you sign up as a distributor, pay your signup fee, purchase products from your distributorship, and share the business opportunity with others and hope that they can be your distributor too. When your distributors buy from their distributorship, YOU get paid a commission.
The beauty of this business is that there is no overhead, no employees, no commute, and no inventory to stock up. Pretty cut and dry. Right? Wrong!! There is more to it than this.
To be successful in this business, one must:
1. develop good sales presentation/face-to-face selling skills,
2. be able to duplicate himself,
3. get a good mentor,
4. have a reasonably priced product/service that sells.
The truth of the matter is that successful network marketers must be good in closing a sale. He/she must be good at doing face-to-face selling or sales presentations to a prospective recruit or a group of recruiters. A successful MLM’er will have a greater success ratio of recruiting prospect if he himself is doing the sales presentation as opposed to having some big name person in the company, like Robert Allen, do all the smooth talking for him.
Think about it. If your friend wanted you to check out a sales meeting for some obscure MLM company, and you found out that your friend is not doing the sales presentation, then it is your friend that is NOT doing the selling to you, but rather the person who is doing the dynamic public speaking. Yet your friend wants YOU to buy into the opportunity even though he is not selling you any anything. Your friend wants you to sign up so that he can earn a commission off of your signup fee. Does that make sense?
Countless times have I been approached by some of my friends who have discovered this “NEW” business opportunity and talk to me about how good the opportunity is but can’t get up in front of a group of two people to do a sales presentation. To me, he would not be very convincing. If he is not successful in this business, how can he expect me to be successful?
This leads me to the next topic, duplication. Duplicating oneself is one of
Shredders are devices used to destruct documents such as receipts, bank statements, and other sensitive records.1. What else can a shredder destroy other than receipts and papers?Shredders also destroy cardboard boxes, carbon ribbon cassettes, file folders, plastic bottles, floppy disks, CD?s, aluminum cans, cartridges, and more.2. What are the different types of shredders?Personal shredders, general office shredders, commercial shredders, industrial shredders, multimedia shredders, and cardboard shredders are the different types of shredders.3. What are the two standard configurations of shredders?Strip cut and crosscut versions are the two standard configurations of shredders.4. What is difference between a strip cut and a crosscut shredder?istributors buy from their distributorship, YOU get paid a commission.
The beauty of this business is that there is no overhead, no employees, no commute, and no inventory to stock up. Pretty cut and dry. Right? Wrong!! There is more to it than this.
To be successful in this business, one must:
1. develop good sales presentation/face-to-face selling skills,
2. be able to duplicate himself,
3. get a good mentor,
4. have a reasonably priced product/service that sells.
The truth of the matter is that successful network marketers must be good in closing a sale. He/she must be good at doing face-to-face selling or sales presentations to a prospective recruit or a group of recruiters. A successful MLM’er will have a greater success ratio of recruiting prospect if he himself is doing the sales presentation as opposed to having some big name person in the company, like Robert Allen, do all the smooth talking for him.
Think about it. If your friend wanted you to check out a sales meeting for some obscure MLM company, and you found out that your friend is not doing the sales presentation, then it is your friend that is NOT doing the selling to you, but rather the person who is doing the dynamic public speaking. Yet your friend wants YOU to buy into the opportunity even though he is not selling you any anything. Your friend wants you to sign up so that he can earn a commission off of your signup fee. Does that make sense?
Countless times have I been approached by some of my friends who have discovered this “NEW” business opportunity and talk to me about how good the opportunity is but can’t get up in front of a group of two people to do a sales presentation. To me, he would not be very convincing. If he is not successful in this business, how can he expect me to be successful?
This leads me to the next topic, duplication. Duplicating oneself is one of
A few months ago, arriving at a client’s office to begin a group meeting, I discovered that two women, who had committed to joining us for a series of meetings, had changed their minds. In less than two minutes, I convinced them to join us. Did I use some sort of magic? You bet I did. Would you like to know that magic?Neuro-Linguistic Programing (NLP), a science that studies the language of the mind, breaks down, step-by-step, the strategies humans use to connect with others. Most people believe that we communicate primarily through language and words. Yet, many business people are aware of body language and its importance in interacting with people. Some may be aware of studies that show that language has less influence on others than physiology and tonality. If we want to connect with
Think about it. If your friend wanted you to check out a sales meeting for some obscure MLM company, and you found out that your friend is not doing the sales presentation, then it is your friend that is NOT doing the selling to you, but rather the person who is doing the dynamic public speaking. Yet your friend wants YOU to buy into the opportunity even though he is not selling you any anything. Your friend wants you to sign up so that he can earn a commission off of your signup fee. Does that make sense?
Countless times have I been approached by some of my friends who have discovered this “NEW” business opportunity and talk to me about how good the opportunity is but can’t get up in front of a group of two people to do a sales presentation. To me, he would not be very convincing. If he is not successful in this business, how can he expect me to be successful?
This leads me to the next topic, duplication. Duplicating oneself is one of
Your finances are not an area where you want to take major risks, especially with a company that has the potential to take away your cash and leave you in a lurch. When contemplating a reverse mortgage, you need to ensure that you approach the most respected reverse mortgage companies available. You need to take a long and hard look at the different companies in the market before you take out a reverse mortgage on your home.By now, you should know that to be eligible for most reverse mortgages, you must own your home and be 62 years of age or older. Thus, reverse mortgages are usually for retired people.A reverse mortgage is a loan against your home that you don't have to pay, for the time that you are living there. Only when the home has been sold or you cease to live there, d
Countless times have I been approached by some of my friends who have discovered this “NEW” business opportunity and talk to me about how good the opportunity is but can’t get up in front of a group of two people to do a sales presentation. To me, he would not be very convincing. If he is not successful in this business, how can he expect me to be successful?
This leads me to the next topic, duplication. Duplicating oneself is one of the biggest aspects of network marketing that is hard to achieve. Training your recruits to become leaders by teaching them sales presentation and/or public speaking skills is one of the most difficult things to do for your recruits. The fear of public speaking is what prevents people from doing a sales presentation. It amazes me that people would rather die than to get up and speak in front of a group of people. If the opportunity is so good, then how come your friend isn’t getting up there and doing some public speaking?
Another thing that makes a successful networker successful is working under the tutelage of a success coach or a mentor. It is unfortunate that many sponsors would say anything or promise you the world to get you to fork over the $329 or so signup fee only to disappear on you after he gets his recruitment bonus. Too often this leaves the new recruit left in the cold with no help whatsoever. If you plan to join an MLM company, make sure that you get a good mentor who can help you succeed. Make sure that your upline knows people who can provide you a good mentor. After all, he is not successful unless YOU are successful.
Finally, a successful network marketing distributorship should have reasonably priced products. Is the product reusable? Do people come back to buy more? How much is the product? Shampoo, for example, is a good product that some MLM companies peddle. Yet, some of these shampoo bottles cost way up to $50 a pop! Who in his right mind would spend $50 for a bottle of shampoo? That is ludicrous. If you see an overly priced product like a $50 bottle of shampoo being marketed by MLM’ers, you must think twice if their opportunity really is worth it, or if the upline really makes money off these big, fat price tags.
Speaking from personal experience, I have been with over 10 different network marketing companies. From my past experience with all business opportunities, I have found MLM to be both financially and emotionally draining. I never made a dime from any of those companies. Mainly because I was unable to satisfy all four requirements mentioned above.
Does that mean that MLM is bad? Of course, not. It just means that network marketing simply does not fit my abilities and current talents. Donald Trump, for whom I have the utmost respect, did not start off with a network marketing company. He started off in real estate. Real estate is very expensive, yet he was good at it. But he is not good at network marketing. He found a business opportunity that fit his natur
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