Is it for the products or the money?
In my early days of network marketing I would join a network marketing company solely because I fell in love with the product I was using at the time and that was that.
I would join up with a network marketing company and become an independent distributor, simply to acquire the product and/or service at wholesale direct pricing from the manufacturer.
I mean who doesn’t like to pay wholesale for products you are consuming. It makes total financial sense to join a network marketing company to buy wholesale.
Because that was the focus of why I joined I wasn’t that concerned about earning money.
As my focus changed and it became my intent to earn money working from home and earning a lasting residual income things had to change.
And change they did…. this began the start of my love affaire with residual income.
While I absolutely love the concept of residual income, most of the people I introduced back then didn’t see the big picture like I did. And as a result they didn’t stick it out because [among other things] they weren’t getting a return on their investment quick enough.
When they saw $300 per month going out of their checking account and $25 back in a month just didn’t cut it.
In realty this a good return. I believe this it is sad that the true value of these numbers was not understood.
Let’s do the numbers so you see what I’m on about.
$300 per month [300 x 12] = 3600 pa
$25 per month [25 x 12] = 300 pa
To receive $300 income you would need $6000 in a bank returning 5% [6000 x 5% = $300]
THE ULTIMATE PAY PLAN
Because I was intent on finding the compensation plan that would really benefit the part-time network marketer I used a formula known as the 20 plan. Simply put The 20 plan is you find 4 and help them find 4 each giving a total of 20.
Armed with my new formula the first thing I would say when approaching a company was “SHOW ME THE MONEY” What I was looking for was a company that would pay me $300 or more of residual income on 20 people consuming the product.
It took me a while but I did eventually find a company that paid more. In fact there were several that did.
CONCLUSION
The bottom line is you don’t have work you butt off to make a great income in network marketing. You just have to join a network marketing company that will reward you correctly for your efforts.
Related posts:
- Make Network Marketing From Home In case you want to start a network marketing MLM...
- Network Marketing may be always an opportunity In Network Marketing picking a company to market their services...
- Learning how to grow your MLM and Network Marketing Business using the Internet, Enhancing your Network with Internet MLM And Find New Ways To Build Your Downline for MLM And Network Marketing Using SEO Or Search Engine Optimization And More! Multi-level network marketing is a unique approach in selling specific...
- Attraction Network Marketing Network Marketing has always been and will always be extremely...
- Network Marketing Lifestyles- So you want to be a millionaire? Who doesn’t… in network marketing the chance is here to...