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Benefit #2 of Having Your Own Business: LEVERAGE!
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The difference between the wealthy and the middle class is leverage! The wealthy have an "EMPLOYER" mentality rather than an employee mentality!
The very wise and wealthy J.Paul Getty said it best, "I'd rather get paid 1% of 100 people's efforts than 100% of my own!"
With leverage, you can turn one hour of work into 100! How? Well think about it! If you have 100 people working for you and they each work 1 hour, that's 100 man (or woman!) hours, right? Right! Well, would you rather work those 100 hours yourself or have 100 people do it for you?
That's what having your own home based business in the network marketing industry can do for you! By employing the efforts of others as you build your network, you'll be able to experience true financial fre.edom through TIME LEVERAGE!
Don't worry about HOW to build the network, we've got that wired!
1) You MUST Understand that it is about LEVERAGE.
You have heard this before. But understand why leverage is so important: Leveraging time is the single greatest secret of the wealthy. They understand that if you leverage your time, you can then create an army doing the job that normally one person would do by himself, thus creating greater effort and results.
You MUST leverage your time and income to create wealth. Yes, you must work very hard, but having 25 others working towards building your business as well as their business is the most powerful form of leverage there is. All corporations leverage other people's efforts, and then combine all the employees efforts to create a business!
Multi Level marketing does the same thing. It allows you to build a team of distributors and then leverage their time and effort, and combined with yours, can potentially build a solid business.
There is NO wealth of any kind if there is no leverage. You either are leveraging effort, time, money, or people. Multi level Marketing allows you to leverage all 4.
2) You MUST understand that it is about DUPLICATION.
We all have heard this before many times: You gotta DUPLICATE!
But what exactly do you duplicate in Multi level marketing? Simple. You duplicate TASKS, and then form them into a PROCESS that is step by step path to Success.
You cannot duplicate personalities, we know that. But you CAN duplicate the tasks that are necessary to create the results that will form a Success in Multi level Marketing.
The tasks you duplicate are prospecting, contacting, presenting, following up,and getting the decision. You also duplicate training, recruiting, building for events, and getting a new distributor started, among other tasks as well.
3) You MUST understand that it's about MULTIPLICATION.
Get this Secret: Duplication creates paychecks. Multiplication creates wealth in Multi level Marketing.
What do you multiply?
LEADERSHIP. You MUST multiply Leaders in your group, and they must multiply the duplication process, and results with their team.
Multi level Marketing should be called "Multiplication marketing," as it truly is about MULTIPLICATION, not just duplication.
That is why most people fail in Multi level Marketing. They focus on Duplication, but never Multiplication. You MUST Multiply Leaders and Leadership in your group. If you don't, your business will never create the Power within it that creates wealth.
If you multiply Leadership in your group, and duplicate tasks and processes by leveraging yours and other people's time and effort, you will have discovered the True Secret of Success in Multi level Marketing.
Contributed by Doug Firebaugh
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For one of the best business using leverage that I have ever seen, check out my We Close Your Sales System. Our professions do all the work closing your business, leveraging your time, and effort. They talk to your prospects for you, present your business, and then close the sale... and send you $1000 checks, all while you do other things! |
