A sure fire way to create great wealth is to put yourself in front of powerful emerging trends. -Randy Gage
I just finished a book by Randy Gage called “Why You Are Sick, Dumb and Broke…And How To Get Healthy, Smart and Rich!. It is a great read with tons of insights about why we, the “herd mentality” are sick, dumb and broke. He examines how we (the herd) got there and ways to break free from the herd. Randy then suggests how to take advantage of the new prosperous attitude by considering 3 business models, one of which is network marketing.
In short, in order to break free from the herd, you must develop a prosperity mind-set and once you do that, all kinds of opportunities will open up for you.
A prosperity mind-set is critical in order to create great wealth.
Spending 15-30 min a day on personal development will help you to overcome barriers and resistance that you might be experiencing on your way to a prosperous and abundant life.
Three Business Models he suggests for the prosperous mind all have one thing in common in that they leverage our time, other people or our money. Let me review them below.
Real Estate: this business model leverages your money more than anything else but is also the most risky and can require a lot of capital which budding entrepreneurs usual lack in the very beginning. It also requires a lot of knowledge of the housing markets and strategies for buying real estate. I wouldn’t recommend this model when you are first starting out.
Informational Entrepreneur: this is an attractive model as it does require less money. This model involves exchanging money for useful practical information. Speakers will fall into this category. It can be quite lucrative, you choose your own hours and where you work. What is required for you to be successful is to develop certain skills and acquire some critical knowledge. You will need to learn how to package your information and market yourself. This can be quite a daunting task for most beginning entrepreneurs.
I will say though if you join an affiliate marketing system, they have all the products ready for you to sell and usually some very good training and support to go along with it. Affiliate marketing can make you a supplemental income but maybe not the full time income that you were thinking. For a turn-key affiliate marketing system and program, Click HERE.
Network Marketing Entrepreneur: For the beginner entrepreneur, this model is the best to consider. This model involves joining one of the many tried and true direct selling companies that are selling products by the millions and billions every day. I am not talking about ponzi schemes or pyramid schemes which are out there. So choose wisely if taking on this business model.
You have the advantage of being an independent distributor and backed by a company. You have an upline who has a vested interest in you to succeed. They will usually train you for free and give you endless support. Below are 12 other reasons the network marketing industry makes a good business model.
Here are 12 reasons why the Network Marketing Industry is a Great Business.
- The moment you join a direct selling company you are in business.
- You don’t have to reinvent the wheel. The way most companies are set up is that they design their programs for success around duplication.
- You don’t have to do it all by yourself. That is what networking is all about networking with other people.
- You will be forced to stretch yourself. Being your own boss requires some skill sets that you don’t have at the beginning. And you would be surprised that it is mainly mind and habit skills that need to be developed to help make you successful.
- You will find mentors and experts.
- You can create passive, residual income. BIG PLUS! Read my earlier blog post about residual income.
- You make a new circle of friends. If you are quitting your day job for your new business, you might need a new group of friends.
- You don’t have to retire. Your business becomes your lifestyle so no need to retire.
- You get to help others. How would it make you feel to be able to help others be successful in their business?
- You make your own hours. TIME FREEDOM!!
- Is less expensive to get in than many businesses. A serious business distributor would want to buy into the company somewhere around $200-$1500.
- It can be a family business.
Here are just a few but there are many other reasons to join too. One last interesting statistic that Randy Gage wrote is by Paul Zane Pilzer in his book “The Next Millionaires”. “He forecasts that 10 million new millionaires will be created in the United States over the next decade and predicts that many of them will be created through network marketing. Will you be one of the 10 million?
Did This help You? If so I’d love to hear from you by leaving a comment below.
P.S. Click here to find out how you can get more Tips, Tricks and Strategies on Building Your Network Marketing Company.
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