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Network Marketing can produce outstanding results if you know a few simple concepts, the understanding of which is critical to your success.
Network Marketing, MLM, and Multilevel Marketing are unlike franchises or conventional businesses in that they take advantage of all three of the important Emmitt Smith Jersey , yet misunderstood principles of:
1) Leverage (of Time and Money) 2) Residual Income 3) Geometric Growth Through Duplication
Unfortunately these principles are not well understood by many of the people that undertake network marketing. And that's just one of many reasons why so many fail at network marketing. There are lots of other reasons, and it would take volumes to cover them all. But this is one of the more common ones. Because if you don't comprehend and believe in these principles, it's impossible to help others fully understand and appreciate them.
First, lets look at LEVERAGE:
Every successful person or business takes advantage of leverage. There are only 24 hours in a day and no matter how talented you are or how much you get paid per hour Cheap Dallas Cowboys Hats , if you don't take advantage of leverage you're limited by the number of hours in a day. As a side note, I have heard of cases where an occasional lawyer was billing more than 24 hours per , I guess that's another story. By learning to leverage your time, you can also benefit from a percentage of other people's efforts Cheap Dallas Cowboys T-Shirts , and dramatically increase your income while creating more free time for yourself.
The unique and wonderful thing about the Network Marketing business model is that everyone has the same opportunity to become the 'owner' of his or her own business - with a fraction of the investment of time and money of a franchise or traditional business.
In network marketing the people at the top definitely have a vested interest in helping others on their team succeed.
Would you rather receive 100% of one person's efforts, or 5% of the efforts of 100 people?
Obviously 100% of one is always only ONE. But 5% of 100 is FIVE.
Not only will the total result with leverage almost always be amplified, but your income is not dependent on only one person. If your income is produced by the activities of many, it is much more dependable. Even if something unexpected or negative happens to one or more of those people Customized Dallas Cowboys Jerseys , it only has a minor effect on the TOTAL production.
It's great to get paid while you're sleeping or away on vacation. That's one of the many advantages of leveraging your time.
Now, lets consider RESIDUAL INCOME:
When someone mentions residual income many people automatically think of actors or musicians.
Residual income is recurring income that you continue to receive long after the work you've done to produce it has ended. There are lots of ways to produce residual income. However, many people don't understand it, and still others have never thought about or been exposed to it.
A very simple example of residual income is interest earned on money in the bank or investments. You continue to receive this income without having to invest any more time to produce it.
Suppose you had the choice of doing a job and earning $1 Cheap Dallas Cowboys Hoodie ,000 once, or getting paid $50month for the rest of your h would you choose? If you chose the $50month you obviously "get" the concept of residual income.
Clearly, $50month will surpass a single payment of $1,000 relatively quickly. And if it lasts for a few years Cheap Dallas Cowboys Jerseys , or better yet - the rest of your life - it will really be a blessing.
Residual income is certainly not about "getting rich quickly", even though with the right opportunity it's possible to produce a substantial residual income stream in a relatively short time.
Most people who fail at network marketing either choose the wrong network organization or just give up too soon and quit because they expect overnight results. It is important to recognize that the real beauty of residual income is on the back end, not the front, and that once you build it you have the financial security and time flexibility to do just about anything you desire for the rest of your life!
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