By Rachel Henke, © 2007
Network Marketing is a controversial industry. It is not
for those who have no dreams and who are not willing to
learn some new skills. Here are some key points about why
you may want to get involved.
21st Century Business Model.
Network Marketing is now a 100 billion dollar industry,
operating in well over 100 countries which is often a
surprise to those looking at the industry for the first
time.
Most Efficient Distribution Method.
Network Marketing and Direct Sales are the most
efficient distribution methods on the planet, saving both
time and money, cutting out the middle man and improving
service and efficiency. This has been recognised by
companies such as Dell who now distribute with the direct
sales method.
Excellent Investment.
Warren Buffet owns network marketing companies and has said
it is the best investment he has ever made.
Credibility.
Many network marketing companies are now public companies so
credibility is high. Pyramid schemes are now illegal in the
UK and many other countries. There were lots of growing
pains and issues in the industry over the years since it
began with the first direct selling company in 1903!! Amway
was accused of being a pyramid but was legally validated
with a final order in 1979. The industry is strictly
regulated these days and as a result no company can last
very long if it is not 100% ethical and legal.
The Real Life Business School.
Robert and Kim Kiyosaki,of Rich Dad, Poor Dad fame,are great
ambassadors of the industry. The reason people like this,
along with Donald Trump, are validating Network Marketing is
because they are visionaries and understand what a valuable
business model it is. Recently I had the pleasure of hearing
him speak at a convention. Robert said that Network
Marketing is the best 'business school' for the average
person to learn the skills of leadership with successful
mentors. He also says that the world is desperate for more
leaders and entrepreneurs and network marketing is the
answer.
For People Who Like Helping People.
No one can build a huge organisation in Network Marketing or
MLM without many many many people succeeding in a big way.
Therefore it is a win win business model and the only people
who lose are those who think they will get rich without
developing their skills and of course without doing much
work.
The Truth About Network Marketing.
I have learned more in network marketing about real business
than I could ever learn in a one man band start up where no
one wants to share their winning strategies with you.
Traditional business is dog eat dog. I have access to some
of the most successful mentors in the business world today
and they invest their time in me with no charge. The only
commitment on my part is that I do my absolute best to
become a leader and to empower others to do the same. No one
ever says in the business that you will become successful
without changing your mindset and becoming a more skilled
person than you are when you join. All the tools and
training are there for you to succeed, and obviously some
companies have better systems but that is true for all
things.
Finally then yes... the truth about Network Marketing is
that you actually do need to become a leader to earn a lot
of money. That's why it is an inspiring business to be in,
and why it has enabled me to be at home looking after my
kids and still earning a good income whilst other people are
busting a gut and making someone else wealthy.
ABOUT THE AUTHOR: Rachel Henke coaches people to work from home with a proven system and millionaire mentors. Find out how you can escape the rat race at her website: Escape The Rat Race Free Tour
Tuesday 25 September 2007
Thursday 6 September 2007
10 Reasons To Seek Out Mentors
By Rachel Henke, © 2007
Introduction
Recently I realised that many people in my network marketing organisation do not yet understand the value of mentors. They tend to look upon their mentors as their bosses because that it is the only context they can find to relate to them. Here are some important points about why good mentors are so valuable.
1) It is difficult enough as it is to start a new business but to do it totally on your own, with no mentors is close to business suicide. A mentor knows the pitfalls and can alert you when you are about to fall hard and fast. You don’t have to be the lone ranger, in fact you can learn from the guys who have gone before you and hacked through the jungle.
2) If you have good mentors, you have a strong support system. You can talk things through with them and they will listen to you when times are tough, and you need someone to talk to who understands what you are doing. Their time is valuable of course and you must respect that.
3) Money is something that is acquired along the way by those who learn how to deliver value to the market place. The people who have done this have often become amazing human beings on their journey. You can learn so much wisdom from them it is priceless.
4) Financially successful mentors will give you multi million dollar financial tips just because they can. They know what’s realistic and what’s insane. They can help you formulate a sound business plan. For instance many people going into business for the first time feel compelled to quit their job and dive in head first. A good mentor will urge them not to do so unless there is no other way to make the business work.
5) Get connected! One mentor will lead you to another. It is a widely accepted fact that we are highly influenced by the people closest to us. Therefore it is common sense that we should want to expand our circle to include people whom have achieved the particular skill set that we aspire to have. It can be a scary thought that our income is likely to be the average of our five closest friends, especially if they are in the low income bracket.
6) Resources – mentors have their resources and they may share them with you especially if you are part of their business organisation. Mentors are usually good teachers. In the process of learning from them they can teach you how to teach. Leaving a legacy and passing on your knowledge is an awesome contribution.
7) Great mentors have heard it all before. The chances are that as experts in their field there is no situation that they haven’t dealt with before. The benefit of hindsight can save much worry and stress for the new business owner just starting out.
8) Mentors are fun! You can make it your goal to attract different mentors for different areas of your life. The one important thing to remember is that your mentor must be someone who has done what you want to do and has immersed themselves in that activity in a practical way. Don’t try to learn from people who have only read about it in a book!
9) Invoke the universal law of give and receive. This is a powerful way of thinking which can help you to attract a network of people into your world whom you can mould yourself upon, and aspire to their success. The rule of the mentoring system is that you must prove yourself worthy, and to be a person of action or your mentor will soon grow weary of investing their time in you.
10) Your mentors will inspire you to grow and to push through hidden barriers of the mind. A good example of the power of the mind is in that of Roger Bannister, becoming the first person to run a mile in under 4 minutes. Up until that time people believed it couldn’t be done. Guess what? Soon after it became a standard achievement. A classic case of ‘well if he can do it maybe I can do it too!!’
ABOUT THE AUTHOR: Rachel Henke coaches people to work from home with a proven system and millionaire mentors. Find out how you can escape the rat race at her website: Escape The Rat Race Free E Book
Introduction
Recently I realised that many people in my network marketing organisation do not yet understand the value of mentors. They tend to look upon their mentors as their bosses because that it is the only context they can find to relate to them. Here are some important points about why good mentors are so valuable.
1) It is difficult enough as it is to start a new business but to do it totally on your own, with no mentors is close to business suicide. A mentor knows the pitfalls and can alert you when you are about to fall hard and fast. You don’t have to be the lone ranger, in fact you can learn from the guys who have gone before you and hacked through the jungle.
2) If you have good mentors, you have a strong support system. You can talk things through with them and they will listen to you when times are tough, and you need someone to talk to who understands what you are doing. Their time is valuable of course and you must respect that.
3) Money is something that is acquired along the way by those who learn how to deliver value to the market place. The people who have done this have often become amazing human beings on their journey. You can learn so much wisdom from them it is priceless.
4) Financially successful mentors will give you multi million dollar financial tips just because they can. They know what’s realistic and what’s insane. They can help you formulate a sound business plan. For instance many people going into business for the first time feel compelled to quit their job and dive in head first. A good mentor will urge them not to do so unless there is no other way to make the business work.
5) Get connected! One mentor will lead you to another. It is a widely accepted fact that we are highly influenced by the people closest to us. Therefore it is common sense that we should want to expand our circle to include people whom have achieved the particular skill set that we aspire to have. It can be a scary thought that our income is likely to be the average of our five closest friends, especially if they are in the low income bracket.
6) Resources – mentors have their resources and they may share them with you especially if you are part of their business organisation. Mentors are usually good teachers. In the process of learning from them they can teach you how to teach. Leaving a legacy and passing on your knowledge is an awesome contribution.
7) Great mentors have heard it all before. The chances are that as experts in their field there is no situation that they haven’t dealt with before. The benefit of hindsight can save much worry and stress for the new business owner just starting out.
8) Mentors are fun! You can make it your goal to attract different mentors for different areas of your life. The one important thing to remember is that your mentor must be someone who has done what you want to do and has immersed themselves in that activity in a practical way. Don’t try to learn from people who have only read about it in a book!
9) Invoke the universal law of give and receive. This is a powerful way of thinking which can help you to attract a network of people into your world whom you can mould yourself upon, and aspire to their success. The rule of the mentoring system is that you must prove yourself worthy, and to be a person of action or your mentor will soon grow weary of investing their time in you.
10) Your mentors will inspire you to grow and to push through hidden barriers of the mind. A good example of the power of the mind is in that of Roger Bannister, becoming the first person to run a mile in under 4 minutes. Up until that time people believed it couldn’t be done. Guess what? Soon after it became a standard achievement. A classic case of ‘well if he can do it maybe I can do it too!!’
ABOUT THE AUTHOR: Rachel Henke coaches people to work from home with a proven system and millionaire mentors. Find out how you can escape the rat race at her website: Escape The Rat Race Free E Book
Are You Tired Of Being An MLM Grinder?
By Rachel Henke, © 2007
IntroductionRandy Gage tells us that 95% of Network Marketers are grinders! In a closed door session I was lucky enough to be in recently, Randy Gage, the legendary ‘millionaire maker’ revealed the reasons why there are so many grinders in the industry.
Firstly what is the definition of a Grinder?
If you don’t do it, it doesn’t get done.
There are highly paid grinders in the business who earn big money but that doesn’t mean they are not grinders. They earn a nice income but their life is not their own. These are the guys who are forever on the telephone. You can’t have dinner with them without them having an ‘urgent’ phone call etc. and if they take their foot off the gas for a couple of weeks their whole organisation starts to collapse.
Then there are the poorly paid grinders. These are the guys who drive around town delivering products to their customers. Possibly they have a magnetic strip on their car, or they wear t-shirts and buttons on their clothes to advertise their products. Some companies have such high monthly qualifications that the distributors can barely take a breath, never mind go on holiday, without filling orders and phoning high maintenance customers everyday. It is exhausting – I know because I was a grinder for 3 years before I woke up to reality.
Do you have true residual and passive income?
95% of distributors do not have true residual income
98% don’t have true passive income
There is a qualitative difference:
Residual income means income that comes to you month after month as a result of work you have already done.
Passive income means income that comes month after month whether you work again or not.
True Passive income comes from having leaders underneath you in your organisation who are trained on the infrastructure i.e.; the recruitment system and materials are in place and used to duplicate the business by their entire downline. It means that even if you died and were obviously not active in the business at all… passive income would continue to be paid to your distributorship forever.
If your income goes up month after month whether you are around or not then congratulations you are an MLM rock star!
These are the people making more money than those investing sometimes as much as $10 million to start a traditional business.
Did you know there are hundreds of thousands of grinders?Sometimes they are waiting for their business and/or their company to hit momentum. The scary truth is that approximately only 1 in 5-10 companies’ hits momentum and that is only 1 company in every 10-15 years!! There are many grinders who are taking correct actions but are in the ‘right’ company at the wrong time. Some companies simply never hit momentum at all, and are still predicting it will hit soon … hmmm…. whereas the mature companies have often already hit their huge momentum long before you joined. Therefore they are fine for an income but not for the true wealth of a legacy position. These companies are the industry pioneers and we stand on their shoulders but most of the top earners in these companies who joined as different countries were opening, and have a slice of those markets, would be hard pressed not to admit that it would be close to impossible for them to repeat their rapid growth if they joined today. If you haven’t thought about this before then I urge you to think about this now. It is logical but is something that many people don’t let themselves think about because they are too committed to ‘grinding’ in their current company. The truth of the matter is that network marketing grinders pay a high price and they deserve better. They need to be loyal to themselves and to their families, not to a company that is already turning over billions of dollars and has all of its legacy position vacancies filled.
Will you be just another MLM grinder or are you destined for greatness?Only you can answer that. If you are in the same company you have been in for more than a couple of years and your income is stagnant and you have no leverage then the sad truth is that you are a grinder. If you are highly paid but are like a juggler hoping all of your balls don’t fall out of the air at the same time then you are most likely a grinder too. Take an objective look at your business today and see what the real chances are of you gaining the kind of leverage and financial freedom you dream of. The answer is in your heart and in your bank statement.
ABOUT THE AUTHOR: Rachel Henke coaches people to work from home with a proven system and millionaire mentors. Find out how to be an MLM Rockstar at her website: Free Audio And Info Pack
IntroductionRandy Gage tells us that 95% of Network Marketers are grinders! In a closed door session I was lucky enough to be in recently, Randy Gage, the legendary ‘millionaire maker’ revealed the reasons why there are so many grinders in the industry.
Firstly what is the definition of a Grinder?
If you don’t do it, it doesn’t get done.
There are highly paid grinders in the business who earn big money but that doesn’t mean they are not grinders. They earn a nice income but their life is not their own. These are the guys who are forever on the telephone. You can’t have dinner with them without them having an ‘urgent’ phone call etc. and if they take their foot off the gas for a couple of weeks their whole organisation starts to collapse.
Then there are the poorly paid grinders. These are the guys who drive around town delivering products to their customers. Possibly they have a magnetic strip on their car, or they wear t-shirts and buttons on their clothes to advertise their products. Some companies have such high monthly qualifications that the distributors can barely take a breath, never mind go on holiday, without filling orders and phoning high maintenance customers everyday. It is exhausting – I know because I was a grinder for 3 years before I woke up to reality.
Do you have true residual and passive income?
95% of distributors do not have true residual income
98% don’t have true passive income
There is a qualitative difference:
Residual income means income that comes to you month after month as a result of work you have already done.
Passive income means income that comes month after month whether you work again or not.
True Passive income comes from having leaders underneath you in your organisation who are trained on the infrastructure i.e.; the recruitment system and materials are in place and used to duplicate the business by their entire downline. It means that even if you died and were obviously not active in the business at all… passive income would continue to be paid to your distributorship forever.
If your income goes up month after month whether you are around or not then congratulations you are an MLM rock star!
These are the people making more money than those investing sometimes as much as $10 million to start a traditional business.
Did you know there are hundreds of thousands of grinders?Sometimes they are waiting for their business and/or their company to hit momentum. The scary truth is that approximately only 1 in 5-10 companies’ hits momentum and that is only 1 company in every 10-15 years!! There are many grinders who are taking correct actions but are in the ‘right’ company at the wrong time. Some companies simply never hit momentum at all, and are still predicting it will hit soon … hmmm…. whereas the mature companies have often already hit their huge momentum long before you joined. Therefore they are fine for an income but not for the true wealth of a legacy position. These companies are the industry pioneers and we stand on their shoulders but most of the top earners in these companies who joined as different countries were opening, and have a slice of those markets, would be hard pressed not to admit that it would be close to impossible for them to repeat their rapid growth if they joined today. If you haven’t thought about this before then I urge you to think about this now. It is logical but is something that many people don’t let themselves think about because they are too committed to ‘grinding’ in their current company. The truth of the matter is that network marketing grinders pay a high price and they deserve better. They need to be loyal to themselves and to their families, not to a company that is already turning over billions of dollars and has all of its legacy position vacancies filled.
Will you be just another MLM grinder or are you destined for greatness?Only you can answer that. If you are in the same company you have been in for more than a couple of years and your income is stagnant and you have no leverage then the sad truth is that you are a grinder. If you are highly paid but are like a juggler hoping all of your balls don’t fall out of the air at the same time then you are most likely a grinder too. Take an objective look at your business today and see what the real chances are of you gaining the kind of leverage and financial freedom you dream of. The answer is in your heart and in your bank statement.
ABOUT THE AUTHOR: Rachel Henke coaches people to work from home with a proven system and millionaire mentors. Find out how to be an MLM Rockstar at her website: Free Audio And Info Pack
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