That WOW Moment!
For many years I sought out alternatives to trading my time for
someone else's money. That's because I am fully aware that the
more I do this the more my entire life and lifestyle is
determined by someone other than me. I grew up in a family that
was very entrepreneurial. My father owned many businesses and my
mom owned her own business as well. I knew that if I ever wanted
to be truly free that I would not only have to have my own
business, but that I would have to own one that did not put me
in the role of babysitter. I needed to grow a large company and
remove myself from the creation of my income and pay others to
work for me or otherwise find a way to remove myself from the
creation of my income. This is exactly what folks who start
their own companies and grow them to self sustaining entities
do.
Then one day someone showed me another way to accomplish the
very same objectives. What was it? Well it was one of those
pyramid things. So I promptly blew it off. I watched as my
friend Tom, who showed me this opportunity, went on to earn
millions and become a multi-millionaire. Just 5 short years
later he was basically retired with a huge income that continued
to pour in. All the while folks who knew Tom were saying
negative things about him both to his face and behind his back.
Now Tom makes over 10 million dollars per year and donates
nearly 1 million each year to charities for children and to his
church. He lived by and never changed his values.
After I witnessed this first hand and later became a successful
stock and commodity broker myself I took a more serious look
into this pyramid thing. What I discovered was astonishing and
may shock you. I compared what I found to what my other friend
and I were doing in life at that time. That is when I truly had
my WOW Moment!!
My friend Bob was a Real Estate broker. Now before we get into
the example please ask yourself a sincere question. What do
realtors do when they become successful? Yes I said realtors,
folks who sell houses.
Let me tell you what the successful realtors do. They go off
and become their own real estate brokers and hire other
realtor's. Right? Yes that's exactly what they do when they
become successful.
So what happens to the broker, like my friend Bob, who got them
started and paid for them to get trained, shared his call-ins,
walk-ins, advertising, leads, etc... with them?
Tell me what happens to that broker with that investment in
that realtor when that realtor walks out and becomes their own
broker? When that realtor decides to leave and start their own
Real Estate brokerage office does the broker, like Bob, who
helped that new realtor get started in the business get anything
for that? Silly right? Of course the broker doesn't, and Bob was
in exactly that position. In fact he had effectively trained his
competition when it happened to him not once, but twice in two
years.
Is that what you would call a good business model? Of course
not. Would you want to take on all the overhead of an office,
advertising and marketing, phones, computer systems, marketing,
mailings, etc... and help realtors get trained and started only
to have them go off on their own and become your competition
after you trained them? Foolish question right? Of course you
wouldn't. This is not a business model that I as a businessman
prefer to become involved with. Nor was it a business model that
my friend Bob enjoyed.
But wait! Why not have incentives for the new realtor to
succeed and become their own broker. Why not have incentives for
them to start their own office and at the same time have
incentives for the broker, like Bob, to encourage them to do
just that? Why not compensate the original broker for helping a
realtor become successful so that the original broker gets a
small percentage from the business when a realtor they have
trained becomes their own broker.
What if the original broker received an ongoing override
(albeit a much smaller percentage) when that realtor becomes a
broker? Maybe we could even provide further incentives for both
Bob, and the new broker Bob just helped to start the new
brokerage office. We could do that by giving both Bob and Bob's
new broker a small percentage when that new broker helps another
realtor start their own brokerage office?
Wouldn't that be a true win-win situation? It sure would. Isn't
that a much better business model? You bet because it is one
where everyone benefits and has a vested interest in helping
others succeed? Further, if I helped more people become brokers
than Bob even though Bob got me started couldn't I earn more
than Bob? Surely I could. Now that's a fair compensation plan.
THAT'S MLM!
Let's look at the business I was in at the time. I was a stock
and commodity broker. The person who ran the office I was in,
Rick, was friends with the regional manager. Rick received
override commissions on the production of the entire office I
was in consisting of over 50 brokers. There was also a regional
manager who received override commissions on the production of
all offices in the region. Then the national sales director
received HUGE bonuses based on the production of the entire
firm. While the CEO cashed huge even fatter checks and the owner
did nothing and was worth several hundred million dollars.
Now, let me ask you, what chance would I ever have from
removing myself from the creation of my income in that scenario?
Could I be the regional manager? Probably not as those were all
buddies of the national sales director or CEO. Would I ever work
my way into becoming the CEO or national sales manager? Highly
unlikely as they were friends of the guy who started the company
and were really appointed positions.
On the other hand had I participated in MLM as my friend Tom
had I could have been sitting on a million dollar per month
residual income that continued to thrive and grow even if I
settled into semi-retirement.
Subsequently I decided to try my hand at a network marketing
opportunity. I quickly found that not only was it challenging
but one absolutely had to do careful examination of the company
behind the opportunity before banking on success. Regardless of
how much time and effort I was willing to put in, that first
foray into MLM was not going to work because I really did not do
my homework and the company eventually went out of business.
As I knew this was a business that could lead to great success,
as evidenced by my friend Tom, I decided to learn all I could
about the business. I went to Tom and he suggested some reading
and also spent many hours with me over lunches and dinners
educating me on network marketing. I learned all about various
compensation plans, I studied all the books and material I could
find that were written by successful MLM professionals. What I
found was that there were several criteria that all the
professionals agreed were necessary for success. I have written
about them in the related article link you will find below.
After a solid understanding of the industry, compensation
plans, and success criteria I again became involved in network
marketing. This time I went in knowing exactly what I was
looking for and what to do to grow my business. The success I
have experienced since can only be defined as incredible. I
found an opportunity that meets all the success criteria that I
learned about.
The company is relatively young, debt free, has a patented
product, a fantastic management and leadership team, a great
compensation plan, loads of research behind their patented
product, tremendous business building tools and technologies are
provided free of charge, a free web site with a very
professional presentation, and it is unquestionably one of the
hottest opportunities on the planet right now! My success has
been nothing short of spectacular and I fully realize that
absolutely anyone can do exactly what I have done which is why I
am writing this little article.
I implore you, if you are seeking an opportunity that can truly
set you free you absolutely must investigate this business
thoroughly. Don't delay act today, and if you have any questions
feel free to contact me.