The Three Main Powers Of Network Marketing
Network Marketing, 'MLM', and Multi Level Marketing are all
terms that refer to the same type of business model. This
industry has had more than it's share of scumbag crooks and con
artists that have used and abused the concept. However, if you
do your homework and get involved with a legitimate network
marketing organization, this business model has exceptional
income potential.
Network Marketing can produce outstanding results if you know a
few simple concepts, the understanding of which is critical to
your success.
Network Marketing, MLM, and Multilevel Marketing are unlike
franchises or conventional businesses in that they take
advantage of all three of the important, yet misunderstood
principles of:
1) Leverage (of Time and Money) 2) Residual Income 3) Geometric
Growth Through Duplication
Unfortunately these principles are not well understood by many
of the people that undertake network marketing. And that's just
one of many reasons why so many fail at network marketing. There
are lots of other reasons, and it would take volumes to cover
them all. But this is one of the more common ones. Because if
you don't comprehend and believe in these principles, it's
impossible to help others fully understand and appreciate them.
First, lets look at LEVERAGE:
Every successful person or business takes advantage of leverage.
There are only 24 hours in a day and no matter how talented you
are or how much you get paid per hour, if you don't take
advantage of leverage you're limited by the number of hours in a
day. As a side note, I have heard of cases where an occasional
lawyer was billing more than 24 hours per day