Every time we have ever seen a company or down-line explode and go away, it does so because of the same 2 reasons: GREED and EGO. True leaders are the Mentors with the servant's heart. It's never about the money. No Money Focus = No Greed. Build people and people will build the business. People are people. They are not a number. They have goals, dreams & desires. Network marketing is not a sales business. Network marketing is a teaching & mentoring business.
Pillar #2. Product.
In this industry if your product is not remarkable, you are invisible. You need a product people will buy even with no compensation plan. You need a system for your people to retail product to the consumer. Wal-Mart is the world's largest retail corporation. How big would their parking lot need to be if they only sold to their employees? In network marketing you have to retail to sponsor.
Pillar #3. Compensation.
You need a compensation plan that will work for the part-timer as well as the full-timer who wants unlimited income. 35% of the population are nurturers. They need a plan where they can help the most people, putting people under people under people to
nurture and help those people. 15% of the population just want to have fun. They need a plan that is fast-paced, exciting, with fast-start money. 35% of the population are detail-oriented numbers-crunchers. They need to see unlimited income in the leadership position. 15% of the population is all about money. They want to make more money than anybody else. They want a compensation plan that realistically offers Unlimited Income. They will leave you for more money.
Pillar #4.Timing.
When the timing is right, NON-network marketers will take your product to the marketplace. Like the skyscraper, the timing means NOW. Not 10 years earlier. Not 10 years later. I'll take timing over hard work every time. Millionaires have been made in this industry JUST because of timing alone. Nothing else. So how can you gauge the timing? It's not easy, but here are some tips:
1. You'll waste a lot of time, money & energy getting in too early, because a large percentage of these companies fail in the first year or two. 2. You'll waste a lot of time, money & energy getting in too late. If the company is a household name (Companies that's been around over 20 years), its momentum growth period occurred years ago. You're fighting a real uphill financial battle to start new in companies like these. You want to get in AFTER a company has proven it has staying power (maybe 3-5 years), but BEFORE its momentum growth period (in general, the time it takes a company to go from $100,*000,000 to $500,*000,000 a year). If you can find a company like this, and which also has the other 4 pillars in place, some fun work will give you the chance to ride a momentum wave to wealth.
Pillar #5. A tested, proven, duplicatable system for success.
Everyone you sponsor and everyone they sponsor needs a step by step system to get off to a fast start: on-line, off-line, one on one, cold market, warm market, retailing, recruiting, becoming a mentor to their personally sponsored people. Don't join a group unless they have such a system in place.
This will serve as a guide to help anyone to locate the right opportunity that will be around to pay there children's children. Also to avoid the ones that are out to steal your bonus check.
Rena Williams has sinced written about articles on various topics from Microsoft Excel Office. Rena Williams, Life Style Mentor and Successful Entrepreneur, is helping many become the next success story. Whether you're looking to create an extra few thousand dollars per month, be an ex-corporate executive, or the next millionaire Mom, Rena can as. Rena Williams's top article generates over 5400 views. to your Favourites.
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