”Success in this industry isn’t in finding the best person, but in turning into the right person.” - Mike Dillard
As an employee there's a limit to how much you can earn from your individual efforts. Business owners create wealth by leveraging off the work done by their employees. However, building wealth through employees can be very difficult, as a general rule: employees will never work as hard as the business owner because they are not receiving the same level of rewards.
TRUE & ETHICAL WEALTH can be generated with help from others, BUT it only occurs when everyone in the business has the same potential to benefit from their efforts.
The fact that EVERYONE can benefit equally ... makes Network Marketing the Perfect Business!Network marketing is an innovative way of achieving wealth by working smarter. While most people who do not pay close attention to market trends may skeptically dismiss the concept, during recent years, network marketing has become part of the marketing curriculum at major universities, and has been employed as a main marketing tool by the most successful companies in the world: Coca Cola, General Motors, AT&T, Microsoft, IBM and Toyota – to name just a few.
So why is Network Marketing such a great Business Opportunity?
To answer that question, let's start by explaining ...
How is Wealth Created?
There are THREE main ethical ways you can make money today:
- Work for someone else
- Be a professional (e.g., doctor, attorney, accountant)
- Own your own business
Can you achieve wealth confining yourself to one of these strategies? The first two require constant effort on your part, and generally do not help you get ahead. The challenge of the third is that, sooner or later, you run out of time or talent. That is why, to be successful in owning a business, you have to employ people and “Leverage” off their efforts. True wealth is beyond our reach without the use of leverage!
The best approach is to initially make money by having other “People at Work” for you and then have that “Money at Work” to build true wealth.
However, it can be very difficult achieving leverage through employees. Employees will never work as hard for your company as you do, because they don't own it. For you to have true leverage, you have to create a situation where everyone has the same amount of potential gain.
Classic Organizational Structure
Agents who want to earn a greater income need to branch-out and start their own money making business structure. This is not good for the broker, he or she not only loses an income source and the time and money spent in training the former agents. They now have an additional competitor, what’s worse this person has detailed knowledge of their way of doing business.
This scenario is common in practically every industry. Those who work temporarily at a certain place in order to earn “experience” are taking advantage of their employer’s hard-earned knowledge, and later use it for themselves. This is not an intelligent way of expanding your business.
Network Marketing Structure
The business model that does just that is called Network Marketing.
Network marketing is a different formula than the one generally called a pyramid. People tend to view the latter as one where people at the top make all the money, while those at the bottom do all the work. In fact, every organizational structure in the world has this shape. A typical corporation has a CEO followed by a hierarchy of presidents, vice presidents, middle management, and stuff. The highest levels of hierarchy make more money than the lowest, while the CEO is leveraging off the productivity of all the employees of the corporation.
The unfairness is that the CEO is the only one with leverage. In network marketing, you, the individual are given the same opportunity as the CEO to have leverage.
In most network marketing companies everyone can earn the same number of levels deep in the organization they build. Such a structure gives everyone the same tools, but rewards best the most productive people, as opposed to using an impressive resume or years of seniority as the measuring stick for compensation. Therefore, at any given time, there will be people at lower levels gaining more money than the upper levels, only because of their largest productivity.
Warren Buffet, who created his wealth by investing in and buying the very best companies, recently bought a network marketing company called The Pampered Chef. Companies such as Citibank, Xerox, AOL and Sun Microsystems are only a few among many who distribute some or all of their products and services through network marketing. They have found it to be a very efficient model because it allows them to spend money in marketing only when their products are sold. Their joining ventures with network marketing companies marks the “coming of age” for this growing industry.
Time / Productivity Connection
What is the difference between the two?
The latter understand the time / productivity connection. Inability to understand this relationship is the main reason why people never reach their financial dream. How often do you hear people say? … “It's quicker to just do it myself than to try to get others to do it.”
These “busy” people lack an understanding of what a powerful investment it is, to train others. Network Marketing is structured in a way that rewards exponentially for your efforts in teaching those you introduce, be successful. The reason is that, by educating others, you are actually multiply yourself – that is, you multiply your earning potential.
Wealth is hidden from those who think they have to do it themselves.
Wealth reveals itself to those who train others to be successful.
This principal is well known and employed by wealthy people. Network marketing offers you the same opportunity to build substantial wealth of your own.