Network marketing has gotten all sorts of publicity, both good and bad. It has made many people very rich but it has also made many go into bankruptcy and into heavy debt.
When Donald Trump was asked on TV what he was going to do if he was to go bankrupt once again, his answer was simple. He said that he would get into a network marketing business. It seemed that the audience did not like his answer when they booed him. But everyone was silenced by his answer. He said that their reaction set the line between him and them; that the reason why he was rich and they were not because of this exact attitude.
Donald Trump is known for his innovation and quick-mindedness. His risk-taking coupled with sound judgment has made him one of the richest men in the world. His thought on network marketing thrives on the concept being a powerful one. He believes that it is in simply knowing the difference between good multilevel marketing strategies and pyramid scams. The sad thing is many people do not know the difference; they do not know a good thing when they see one.
Donald Trump has been in the business for so long and he knows a good strategy when he sees one. The principles that wrap around multilevel marketing is based soundly on existing theories. That is why there is no actual need to fear the business. The careful ones would really benefit from this type of business. Imagine earning from what you worked hard for today and from what you worked for months ago.
The funny thing is, after Donald Trump made that remark about what he thinks of MLM, many scammers took advantage of the situation and used his name in many promotional materials. This made his side retaliate by saying that he was not actually endorsing MLM but just made his opinion on it. After all, he made his billions through real estate. Real estate runs in his blood and would probably remain in that business forever.
It would really be helpful to think everytime you encounter a marketing scheme that when what it says is too good to be true, it probably is a fraud. It is highly recommended that be wary of frauds. Many scammers use names of famous people to make you think that these people are actually endorsing it. As always, it would be responsible to do intensive research on the company and the products or services it offers.
Let's keep it simple. There is no business that will make you rich overnight. All businesses take some sort of investment, nerve-wracking decision-making and a lot of hard work. There is no such thing as easy money. Donald Trump is right in saying that network marketing is based on a very powerful concept that when used properly will yield in the in-pouring of money. But not all MLMs that you see are legitimate. The secret in getting into the right kind of business is in knowing which are the real ones and which are the frauds. Base everything on proven facts and statistics and you probably would do no wrong.
Donald Trump Wedding Photos
There are other investors who are just as smart and creative, if not smarter and creative than Mr. Trump, but they lack something that Donald has perfected- almost right out the gate.
It is not his ability to locate below market value deals. It is not his ability to find financing of astonishing dollar amounts. It is not even his ability to identify patterns and trends in the commercial real estate market and make moves before other investors even know what was going on.
Donald Trump has charisma, can build relationships between many parties, and is an expert at selling the big picture. These characteristics are extremely important to the successful commercial real estate investor and will allow for accomplishments that otherwise would not even be possible. He has accomplished impossible deals and has made luxury lifestyle the premier way to live. His ability to add tremendous value to every property he has worked with had made him who he is today. Without charisma, his ability to build relationships, and sell the big picture, his wealth and reputation would not be what it is today.
Selling everyone on the pig picture is the ability to influence everyone who is affected by the value created in the deal. The community, the city, builders, developers, banks and even businesses around the location in which the project is growing all need to understand what is not there currently. As you know, these projects that were once old, dilapidated buildings that did absolutely nothing but bring the city down, can be turned into multi-million dollar establishments that can change the value of the entire city.
The next characteristic is being able to build relationships with everyone that you work with, is absolutely critical in the commercial real estate industry. You want to rub elbows with the decision makers in your city; those who run the chamber of commerce and zoning and planning committees at every level of the city. Get past the gate keepers and speak to the core people asking for their advice and become close acquaintances on a first name basis. These relationships can be implemented before you even think about doing a deal where their influence may be necessary. Relationships will not only get you insider information, but will give way for special favors and a good word to others who may influence your accomplishments.
Charisma is the ability to ignite passion and motivation among all those who are in an ear's reach of the person. Charisma allows everyone to breakthrough barriers that otherwise would remain standing. Those who are charismatic can make even opposing forces to agree on a common goal and move forward ambivalently. Donald can do just this- igniting passion and excitement that lines people up to follow in his direction. He becomes a true leader that others happily follow because they believe in him and his message. This characteristic will let you bring people on board that otherwise wouldn't even think about working in your favor. It is a very helpful and powerful characteristic to possess.
As you can see, there is more to commercial real estate investing then finding the funds. It involves many people skills that you must possess in order to be truly successful. Take these abilities and adopt them into your everyday life. Practice around those you know and then venture out in public places such as investor meetings. Who can you attract? Who can you influence? What can you learn from other successful people around you? Integrate these abilities and you will find your effectiveness increasing with everyone you work with.
Both Daegan Smith & Tony Seruga, Yolanda Seruga And Yolanda Bishop are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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