Most people work for a linear income and get paid in a linear format. Working 9 to 5 for a 40 hour week...pushing hours for what the job is worth and earning, on average, 2K, 4K, 6K per month. The problem with a linear income job is when you stop working the income stops too! It not only has an earning cap, it's also based on you continuously working.
Network marketing is a serious business for serious people. It's a proven system where the design, creation and expense the corporate team has gone through becomes a road map for your own success. Just follow the simple, proven and duplicable system that the good companies provide.
The real key is this: Network marketing is all about leverage. You can leverage your time and increase the number of hours of work effort on which you can be paid by sponsoring other people and earning a small income on their efforts. J. Paul Getty, who created one of the world's greatest fortunes, said "I would rather make 1 percent on the efforts of 100 people than 100 percent on my own efforts." This very basic concept of leverage is the cornerstone of network marketing.
Understanding the concept of leverage is crucial to developing a 3,4,5 figure or more monthly income.
There are 2 Basic Fundamentals of Network Marketing
1.Distribution:
The ability to sponsor, enroll, or introduce others to the business
The ability to show others how to sponsor others. When you show others how to sponsor you create process of duplication and duplication is essential in creating significant income!
Most successful people building a network marketing business do so in an organized method. They work dedicated hours each week, with each hour of effort serving as a building block for their long-term business growth. They sponsor other people and teach those people how to sell the company product and sponsor others who will duplicate the process.
By helping the people you personally sponsor to sponsor others, you duplicate yourself. As this process continues, you create compound growth that can lead to hundreds or even thousands of people coming into your business. You leverage your time by helping others be successful and earn an income from all their efforts. With a large network marketing team of 100, 500, 1000, 5000 people or more...all of whom are consuming, ordering, re-ordering, and marketing product on a daily, weekly, monthly basis, you can greatly leverage your income earnings.
Your income is no longer contingent on your efforts, your income will continue based on the consumption of product by your customer base. The more customers consuming the bigger your income. Once your network is in place that income continues whether you choose to work or not! This income is passive, residual by nature and is continuous. That's the difference between leverage income and linear income.
With network marketing, there are no big capital requirements, no geographical limitations, no minimum quotas required and no special education or skills needed. Network marketing is a low-overhead, homebased business that can actually offer many of the tax advantages associated with owning your own business.
Network marketing is a people-to-people business that can significantly expand your circle of friends. It's a business that enables you to travel and have fun as well as enjoy the lifestyle that extra income can provide.
2.Duplication: How to sponsor
New members often say, "I love the product, I'm excited about the opportunity, I know who I want to talk to, BUT, I have no idea as to what to say to another person, well look no further!
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