What IS Network Marketing?

I’m reading another book this week and the subject matter is about: Understanding Network Marketing. If you asked 100 different people the question “What IS Network Marketing?” you would likely get close to 100 different answers. Some would tell you it’s probably a home based business. Others might go for specific company names they have heard of and then some might tell you that Network Marketing (NWM) is a scam. Yes, there are many who have tried and failed at NWM and as a result, instead of accepting the fact that THEY failed to do what is necessary to succeed and make money… they blame NWM as a whole. You may have met someone who has that opinion, right? Then there are some who will say that NWM is a Pyramid Scheme… (a common description a few years ago) and I simply tell them to go to Egypt if they want to see a pyramid. You really can’t win them all…

Cutting to the chase, the title of the book I’m reding is “The 45 Second Presentation That Will Change Your Life” by Don Failla. Network Marketing is also called Multi-Level Marketing or MLM for short. So WHAT is it? Marketing simply means moving a product or service from the manufacturer to the customer. Multi-Level refers to how the people doing that moving of product are compensated financially.

That’s a quick ‘what is it’ definition. We could talk for some time about the different ways companies compensate their team members but the bottom line is you get rewarded for moving products. The manufacturer makes product available for sale. You are able to purchase those products at wholesale and sell them at retail for a markup. The difference between those two prices is YOUR profit. You are also paid a bonus on the product volume you move.

Additionally, you are able to SPONSOR people into the business you are in as your team members. You are also paid a bonus on the product volume THEY move. This is where the ‘networking’ really comes into play as you network with others and find people who have similar wants and needs and are able to SEE the “bigger picture” that Network Marketing offers. When you Sponsor someone it becomes YOUR job to train them so that they understand what it really takes to make MLM work for them. If you don’t do that training… they will soon drop out and you’ll be looking for more people to Sponsor. People who don’t learn this often talk about having to get people in their business faster than they get out!

In the book, Don Failla says that you really don’t have anybody sponsored until you’ve taken them three levels deep. What does that mean? Let’s say you Sponsor Joe. Joe knows Sue and he Sponsors Sue. Sue is excited and knows everybody and brings on three or four new team members. About that time, if you have been doing training like you should and teaching your team members to do the same… Joe is really IN because he will be getting a regular check and he has something to lose should he quit.

This is such an interesting book. I have been involved with several different MLM companies and had I known what I am learning from this book… Life would likely be so different today for me and my family.

If you find this short post interesting and would like more information, reach out to me and I will get back to you.

David writes from Historic Frederick, Maryland
davidperkins045@gmail.com

facebook.com/pg/DavidPerkins045/posts/
LinkedIn.com/in/DavidPerkinsInMaryland

Understanding the Power of Leverage

I read a quote the other day about Leverage and it goes like this:

If you Don’t Understand
LEVERAGE…
You’re working too hard
.

The definition of Leverage from www.merriam-webster.com is: The action of a lever or the mechanical advantage gained by it; power, effectiveness; the use of credit to enhance one’s speculative capacity…

Leverage, in your life can give you a tremendous advantage over those who do not have it, don’t use it or even know it exists. Many of us have found our niche in Network Marketing and that is somewhere you can truly leverage yourself into an upper income bracket.

So, how do you do that? In my opinion, you can do that by sponsoring at least five people who really want to work with you to build their business too. There’s no benchmark that says how many people you’ll have to go through to find them but finding those five is key. As you get to know them, it’s essential to TEACH them to also SPONSOR at least five people who really want to work with them like they’re working with you. When you’ve done that… you will have 25 people in your team. That’s Step One.

The Second Step is to TEACH those 25 to also SPONSOR at least five people who really want to work with them in business. This will have your team at a level of 125 business builders. Are you beginning to get the idea?

Step Three is to TEACH the 125 business bulders to teach those 125 to also SPONSOR at least five people who really want to work with them in business. This will have your team at a level of 625 business builders.

When you have reached this level in your business you will have (assuming none of these successful people has quit) 780 people in your network. If they each purchase their normal minimum Product Volume (PV) to qualify for their monthly volume checks (typically 100 PV) then your volume would be… 78,000 PV. And then when you add in the customer sales and the occasional purchases of all the other people all 780 of your team signed up that are NOT Business Builders… you’re probably looking at 80K PV per month.

The scenario I just painted for you may seem like a pipe dream to you. Will it work? Not unless you get started. But, when it does work, you are seeing the power of LEVERAGE.

Keep in mind: You alone typically purchase products from your business that qualify you for YOUR bonus check (minimum of 100 PV) but you are paid on approximately 80K PV. That my friend is LEVERAGE.

The story above is an example of what can happen if you apply Leverage to the principles of Network Marketing in your life. There are NO guarantees that the numbers will work out like shown above. Actually, the numbers cah work out to be MUCH greater or… nothing at all. It all depends on YOU and the person that sponsors you. I wish you the best in your ventures.

David writes from Historic Frederick, Maryland

facebook.com/pg/DavidPerkins045/posts/
LinkedIn.com/in/DavidPerkinsInMaryland

Should I “Fire The Boss?”

It’s a popular line when many networkers are speaking to a crowd and they’re doing their best to “fire up the crowd.” They typically suggest the audience members should build their businesses to the point where they’re earning more in their ‘part-time’ business than they do at their ‘day-job’ and when that happens… the audience is told to go in and “Fire The Boss.”

Of course this fires up the audience and there is lots of applause and smiles… but is this REALLY the best thing to do?

On the face of it, well, it could solve problems for some of us but for the majority of us, we’re not really earning all that much at our current jobs and simply exceeding that in a ‘side-job’ isn’t all that big of a deal.

However, if we WERE making more in the side-job than at our full time day job… what if we took that extra money and invested it wisely? You do invest, don’t you?

YOU DON’T? Why Not? Oh, you don’t make enough in that day job to actually have anything left over to actually do any investing, much less save anything either. Hmmmm, I see…

Well, if you do have a side-job and you took what you actually clear (after expenses) and invested it, instead of firing the boss, after a few years you could actually have a sufficient nest egg either saved up or accrued so that you could politely quit your job and do what you wanted to. I see this as the MUCH smarter thing to do. Just sayin’

To build up your side-job to that point, you need contacts. I find lots of contacts through Social Media. Reach out to me on Facebook or LinkedIn.

David writes from Historic Frederick, Maryland

facebook.com/pg/DavidPerkins045/posts/
LinkedIn.com/in/DavidPerkinsInMaryland

Use the POWER of Social Media Marketing to build your list.

If you’re always on the lookout for new ways to find more prospects, you’re going to want to see this.

My friend and mentor, Gloria MacDonald, recently uncovered a brand spankin’ NEW way to attract prospects and recruit online.

It’s not through Facebook, and there’s ZERO advertising or marketing costs.

And by the way…

We’re talking about SUPER HIGH QUALITY prospects here.

The kind who are looking for you, and are eager to hear about what you have to offer.

Now here’s the thing…

There’s rarely anything “new” under the sun anymore, yet this method that Gloria discovered is virtually unknown, and is hardly used by any network marketers.

And it’s been shared with VERY few people on the planet!

Which opens the door to a MASSIVE OPPORTUNITY.

In fact…

Gloria personally earned multiple Six-Figures in her business, in just over 6 months using it.

And now, she’s revealing her entire step-by-step prospect generation, sales and recruiting system in a new training.

You can see all the details and register for the training right here.

We can chat soon so reach out and we can talk about this.

David

P.S. I discovered this system and started using it myself. And I can tell you… it’s revolutionized the way I prospect and recruit! You can get all of the information here.

*** https://fd426.isrefer.com/go/10Hacks/PP3403361/ ***

Can You Learn the Skills of Social Media Marketing and Set Yourself FREE?

It’s obvious that you have some Social Media skills or you wouldn’t be reading this article on Social Media or my blog.

Let’s talk about your PROFILE. Yes, your LinkedIn Profile. Do you have a professionally done photograph? Many do. So many of the people I see on LinkedIn use a selfie and that does not serve you well if you’re trying to make a true Professional impression on anyone.

How about your banner? Do you have one? Many who read this only have the blue background with the sparkles all over it. It’s highly recommended that you have your banner professionally done as well. There are people on Fiverr.com who will make you an awesome banner (and also one for you blog and website if you wish) for around $20 or so. This will give your visitors a much better impression of you.

Now… About YOU? And why you’re here on LinkedIn. Why ARE you here? To further you business? I suspect many are here on Social Media to promote some product or service that they offer.

My short discussion here will be about that part… your offer. And… do you really want to do that here? Did that last statement raise the hair on the back of your neck? After all, that’s what your mentor (or upline) told you to do, right?

Well… let me share a little secret. Research shows that it is far more effective to compose an article and talk about how you are using a product that is doing XYZ for you. How you used to suffer or how you were overweight and now this product is making you feel so much better.

And instead of plastering pictures of your product on the page, instead, tell your readers to drop you a comment if they’d like to know more about it. That way, you establish a connection you didn’t have and you can go off the page to messenger or even email or phone to connect with your reader. Let them choose which way to connect. Just do it!

Again, Research shows that this method is so much more effective. It’s the “curiosity” approach.

If you’d like to know more about this method and how to REALLY make YOUR Profile shine, connect with me and I’ll get back to you with that info.

David Perkins writes from…
Historic Frederick, Maryland

davidperkins045@gmail.com
301-788-3070