How you can be financially free in five years. I know a huge statement! But is it really possible? Frustrated networker, if you avoid these 5 mistakes that you don’t know you are making, it is possible.
Well if you find the right opportunity you sure can. The opportunity being network marketing. However the thing is that in network marketing you do have to do your due diligence, look around and review compensation plans and policies and procedures. And you have to know what to look for to be able to determine if you have indeed found a good opportunity.
You see it is ALL in knowing how hard you have to work (how many active customers and partners you have to have to make a recurring income of $10,000.00/month), what qualifications you have to meet and what commission your company is willing to pay you for all of your efforts that will determine whether you become financially free in five years. It is about finding business partners who are volunteers. The ones who really do want to change their financial future and become financially free. They are LEADERS!!!
In a 5 Pillars company (company that has 5 components in place that will give you a much better chance of success…a lack of these 5 pillars is the mistake that most are making and don’t know it) it is possible to accomplish your dream of retiring in 5 years…and it all begins with finding four LEADERS. If you have four people in your first year, you are right on track to retire…..but many people feel they have not achieved much of a milestone or built fast enough and quit.
Let’s imagine for just a moment that you have five people on your team; beginning of this year, you and four other team members; LEADERS. (You could actually have sponsored more than four business partners, however some people sponsored will not be business builders. They may be hobbyists. and that is ok, they do bring volume to your group.) Also assume that each of the four partners will be able to sponsor two people the coming year and those will be able to sponsor one new business partner each.
Remember that things do not actually work this perfect in real life, but this is a good estimate of the power of four…. and those four leaders keeping their vision and goal in front of them at all times. It is a lesson in persistence, determination and delaying instant gratification. It is also a lesson in decision making. Deciding to keep going even when it seems impossible.
So over a period of five years building and adding new team LEADERS you would eventually accumulate 3,125 people. (Team effort, remember you do not personally sponsor all 3,125 individuals) How much in recurring income would you be making a month?
If each person on your team were purchasing only $20 a month in product, it would be $62,500 per month!
What would be easier for you to do in the next 5 years:
Saving $12.4 million from your current personal income of which you have no extra expendable income so you can earn 5% interest in a savings account to be able to have $62 thousand per month!
or learn though education, mentoring and coaching which compensation plan actually pays you for all your efforts. A 5 Pillar company does this!
Are you in a 5 Pillar company? If you are not sure would it make good business sense to find out?
Remember it is about numbers…what % is your company willing to pay you…1%, 2%, 5% or even 7%. Not bad percentages, but how about 10%, 20% or even 53%? Are you in a company that is paying that kind of commission….and on ALL business brought to the company? Not just on your “weak leg”, not just down 5 levels but on infinite width and infinite depth. That my friend is how you will be able to retire in 5 years…
Practice the Slight Edge philosophy, find a good 5 Pillar company and this is a great example of what can happen for you in about five years. So, that’s it. What do you think? It’s up to you.
If you would like to avoid the compensation trap that most networkers find themselves in and would like discuss your compensation plan then contact us and lets figure out how hard you have to work so you can retire in 5 years.
Commit To Success Today
Dave and Darlene Mills
Leadership With A Vision
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Vision without action is merely a dream. Action without vision just
passes the time. Vision with action can change the world. Joel A. Barker Vision without action is merely a dream. Action without vision just passes the time. Vision with action can change the world. by Joel A. Barker