When we take a job or a salaried position, we know what our hourly wage or our annual salary will be before we start. If we buy a business, we will have projections and reasonable estimates of income.
Why is it that when we start a home based business, we don’t even think about asking those questions? It would be like starting a job and finding out months later what we are being paid!
When we start a home based business, we should know how hard we will have to work to achieve our goals.
Michael Dlouhy has taught us to ask The 10K Question:
“How many active distributors do I need in my business to generate a walk away residual income of $10000 per month?”
We like the question for several reasons.
1. It leaves out products. We don’t get into discussions like “My long distance is better than your legal plan! My lotion is better than your potion!”
2. The word ‘active’ avoids discussion of attrition rates and the commitment levels of your team.
3. The phrase ‘walk away’ makes us investigate our policies and procedures to make sure we can actually retire and pass our business on to our children’s children. It also ensures that if we do take a break or vacation, our business will still be there when we come back, and our team will continue to be well taken care of.
4. The word ‘residual’ makes us calculate how much money we will make from retail or wholesale sales, not just from recruiting.
5. The figure of $10000 makes us think big. It’s also fair to the company, as most or all of the commissions and bonuses will have kicked in by then.
If we started a job or bought a traditional business, we would know our salary or the income projections from the previous owner. When we start a home business, however, we rarely ask that question, and we should!
We worked for five years in a business and discovered too late that it was going to be almost impossible to reach our goals. We wished we had asked the 10K question before we started.
If you do not know the answer to that question in your present business, find out before you waste five years as we did.
If you are considering starting a business, ask the question. If your sponsor or upline or company rep support cannot answer you, RUN! As Michael Dlouhy says, “Run far and run fast!”
If you’d like some help to calculate the 10K answer for your company, we will be glad to work with you. We can also help you analyze your company’s policies and procedures to see if your business is protected for you and your family.
Start by downloading the free ebook Success In 10 Steps
As soon as you download the book, we’ll contact you to show you the rest of the free training system, the audio version of Success In 10 Steps, and many archived training calls - all free and all generic.
Showing posts with label success. Show all posts
Showing posts with label success. Show all posts
Monday, January 12, 2009
Thursday, January 8, 2009
Spring, Summer, Fall & Winter
After fall comes winter and after winter comes spring. I promise you that will never change. The next 3 to 5 years will probably be just like....... the last 3 to 5 years. Don't Hope things will change. Don't WISH things were easier. WISH you we're better. In order for things to change YOU have to change. The good news is you can start doing that today and right now. If you wish too. Some people just rock along not making much change. And that's okay. But if you want to make the next 3 to 5 years totally different than the last. You can start right now.
http://JohnClay.bigmlmtruths.com
http://JohnClay.bigmlmtruths.com
Labels:
additional income,
business,
change,
network marketing,
success
Tuesday, January 6, 2009
My 2 Minute Story
This might save you a lot of grief and frustration, might not. It takes about two minutes. Do you want to hear it? Read on.............
If you could learn the skills to succeed in your business and you never had to go to work again, would that be okay with you?
In 2000, my job was outsourced and I knew I had to find something to bridge the gap between the income I was forced to accept and my expenses.
I was looking for something to replace my income, about $5000 per month.
I knew that working again with another company and facing the same circumstances with the current economy was not the answer, and that's when I discovered network marketing.
Over about seven years, I made just about all the mistakes we could make and found myself with maxed out credit cards, a remortgaged house and a bad case of the “What’s Wrong With Me’s?”
At that point, we decided to stop repeating our mistakes and we read Success in Ten Steps, started to listen to Michael Dlouhy's lessons, especially the Five Pillars to look for in a company.
I found that I had been choosing companies missing pillars, some with NO pillars!
With his help, I found a five pillar company that requires only about 250 people in my downline to generate $5000 per month instead of the 2500 or even 10000 people I would have needed in my previous businesses.
Now I don't know how to find all 250 people myself, but I now have a system I am using to find them. I figure that if I learned to drive a car, I can learn this system!
So I got thinking, which is going to be easier? To carry on making the wrong decisions and continue to waste time getting farther in debt, or learn a system that helps me achieve the success I deserve?
If you'd like me to help you the same way Michael helped me, just let me know!
Start here with my F.REE Business Skills E-book http://johnclay.successin10steps.com/
If you could learn the skills to succeed in your business and you never had to go to work again, would that be okay with you?
In 2000, my job was outsourced and I knew I had to find something to bridge the gap between the income I was forced to accept and my expenses.
I was looking for something to replace my income, about $5000 per month.
I knew that working again with another company and facing the same circumstances with the current economy was not the answer, and that's when I discovered network marketing.
Over about seven years, I made just about all the mistakes we could make and found myself with maxed out credit cards, a remortgaged house and a bad case of the “What’s Wrong With Me’s?”
At that point, we decided to stop repeating our mistakes and we read Success in Ten Steps, started to listen to Michael Dlouhy's lessons, especially the Five Pillars to look for in a company.
I found that I had been choosing companies missing pillars, some with NO pillars!
With his help, I found a five pillar company that requires only about 250 people in my downline to generate $5000 per month instead of the 2500 or even 10000 people I would have needed in my previous businesses.
Now I don't know how to find all 250 people myself, but I now have a system I am using to find them. I figure that if I learned to drive a car, I can learn this system!
So I got thinking, which is going to be easier? To carry on making the wrong decisions and continue to waste time getting farther in debt, or learn a system that helps me achieve the success I deserve?
If you'd like me to help you the same way Michael helped me, just let me know!
Start here with my F.REE Business Skills E-book http://johnclay.successin10steps.com/
Labels:
additional income,
business,
debt,
expenses,
income,
learn,
network marketing,
story,
success
Sunday, January 4, 2009
5 Key Factors For Your Business Success
5 Key Factors For You To Be Very Successful In Your Business
Great Attitude
Strong Belief
Set Some Goals
Get Motivated
Be Positive
If you have those five elements, you'll be very successful.
What's that you say? You have all those or did and you're still not?
That's because you need skills.
You need to know,
What to say and what to do and then it becomes automatic.
http://JohnClay.bigmlmsecrets.com
Great Attitude
Strong Belief
Set Some Goals
Get Motivated
Be Positive
If you have those five elements, you'll be very successful.
What's that you say? You have all those or did and you're still not?
That's because you need skills.
You need to know,
What to say and what to do and then it becomes automatic.
http://JohnClay.bigmlmsecrets.com
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