Chuck’s MLM Weekly Wisdom # 57: October 7, 2015
Dear Network Marketer:
I hope you are happy, healthy and well. Welcome to this week’s edition of Chuck’s MLM Weekly Wisdom. Enjoy the training.
# 1 Videos of the Week
Here are some videos I have recently watched on YouTube this week that I thought you might enjoy:
- Millionaire Prospecting
- Les Brown – I’m Going to Make It
- Success Is Something You Attract By the Person You Become
# 2 MLM as a Retirement Plan
As I see it, MLM can play an important role in your retirement plan, regardless of your current age. Most people save money their entire lives in hopes of building up a large enough nest egg that will provide enough interest income to live off when they retire. Sadly, most people never save anywhere near enough money to provide them the lifestyle they want and deserve.
For example, to earn $1,000 per month in interest income, which is $12,000 annually, you would need to have $600,000 in the bank earning 2% interest. That’s not even a very large interest income, and sadly most people will never even save up enough money in the bank to earn even $1,000 per month of interest income when they retire.
That’s where MLM comes in to play. As I see it, anyone can build up a residual income of $1,000 or more per month, working part-time, in just a couple years time with their MLM Business. Throw in the tax savings, personal growth, leverage, and potential for unlimited earnings and it is a winning 1-2-3 combination.
Disclaimer: I am not a financial planner and I am NOT telling you not to invest for your future, nor am I telling you to have your MLM Income as your only retirement income. I’m just suggesting MLM as an option to supplement your investment income.
# 3 Featured Podcasts
Here are some podcasts I did this week that I thought you might enjoy.
- How to Build a Long-Term Income in Your MLM Business
- Having Integrity in Your MLM Business
- How to Help the 98% in Your Network Marketing Team
- 10 Marketing Tips for Network Marketers
# 4 People I Follow and Study
Here’s some of my personal mentors whom I trust, respect and follow:
- Dan Kennedy – He taught me everything I know about marketing and direct marketing.
- Jordan Adler – He taught me about Lifestyle marketing and many of the basic business building principles.
- Mark Yarnell – He taught me the importance of personally sponsoring a lot of people.
- Dale Calvert – He is the no fluff network marketer.
- Eric Worre – He taught me how to be a network marketing professional.
- Ray Higdon – He taught me most of what I know about blogging.
# 5 Book of the Week
This week’s book of the week is “The Greatest Networker in the World” by John Milton Fogg. This is a wonderful parable about how to succeed in network marketing. It’s easy to read, captivating and loaded with great tips. Check out my review to learn more.
# 6 Featured Products
Here are two training courses I think you might enjoy.
- Attraction Marketing Formula – Learn how to create multiple streams of income in your business, generate leads on auto-pilot, and build your business online like I do.
- Facebook Cheat Sheets – Learn how to create winning ads on Facebook so you can get more leads for your business.
# 7 Quote of the Week
“Formal education will make you a living; self-education will make you a fortune.” – Jim Rohn
# 8 Featured Blog Posts
Here are a few trending posts on my blog this week:
- The Top 7 MLM Energy Companies
- List of Publicly Traded MLM Companies
- How to Follow Up with Your Prospects
# 9 Being Busy vs. Being Productive
Just about everyone I meet in the real world is BUSY. Just about every network marketer I meet is busy. Between your job, your family and all the other things you do in life, there isn’t always a lot of time for you to build your business.
I believe that anyone can build a successful network marketing business within three to five years, even by working their business just one hour per day. However, you have to learn how to work smart to make that happen.
Once again, there is a big difference between being busy and being productive. Being productive means you spend 90% or more of your working hours on money producing activities. Being busy means you create work for yourself and do things that take your time and do not grow your business.
Productive people focus ALL of their time on the money producing activities: prospecting, inviting, showing the plan, following up, training your team and getting customers.
Busy people watch videos, waste time on Facebook, clean their office, sort their files, read emails, study the products and do things that take time but do not grow their business.
Which one are you?
# 10 Why People Won’t Join YOU
If people are constantly telling you NO, it has nothing to do with your company or product line and everything to do with you. You see, people don’t join businesses. They join people. You have to be someone worth joining! That means you need to improve your skills. You need to provide value. You need to get better every single day.
People need to see you, and what you do, as a solution to their problems.
Even as you improve, you will never sponsor everyone. Most top recruiters only sponsor about 3 out of every 10 people they do a presentation with. Most new people in our industry sponsor about 1 out of 20 people they do a presentation with. Yes, individual results will vary, but those are numbers I have experienced.
To get better conversions you need to talk to quality people. You need a good follow up process. And you need to increase your value and skills. People need to know that they can rely on you. They want to know you are serious about the business, that you know what you are doing, and that you can help them.
Until you become that person you will struggle to recruit people in your network marketing business.
Thanks for checking out this week’s edition of Chuck’s MLM Weekly Wisdom. I hope you enjoyed the training. Feel free to send me an email or give me a call with any of your questions. Have a great day.
Articles You Might Enjoy
Chuck HolmesWebmaster, OnlineMLMCommunity.com
Phone: (352) 503-4816
Here's what you should do right now:
# 1 Sign Up for My FREE 7-Day MLM Bootcamp
# 2 Check Out These Awesome Tools and Resources
# 3 Join My Free Facebook MLM Mastermind Team