Network Marketing and the Economy: Recession Proof Your Income

I don’t watch the news too often because it’s usually filled with a bunch of negative garbage and the media hasn’t let me down this time either.  It seems lately, every time I pass through a news channel or talk radio, they ALL are talking about this recession we are in and the bailout plan. Yada, yada, yada.  I’m not going to get into politics right now; frankly I hate politics and think it’s all a bunch of bullshit.  Yes I said it.  It just depends on which bullshit you want to believe.  Now on to my point.

I want you to think about something real hard for me and please keep an open mind.  Ok we may be in a recession, which I’m not participating in, and people are losing their jobs, houses and cutting back on spending in some areas, but where do you think the money is going?  Money just doesn’t disappear.  The federal government isn’t setting it on fire in some empty field or sending it to the bottom of the sea for future use are they?  No.  There is the same amount of money, but the only difference is who has it. A recession is the redistribution of money.

Where do you fit in and how can you benefit from this?  People are starting to realize that going to school and getting a safe secure job is not the answer anymore like it used to be.  In this day and age, there is no such thing and more and more people are going to be looking for answers to take control of their own destiny and lives. They will be looking to start their own home-based business and network marketing could be the answer for them. 

Robert Kiyosaki and even Donald Trump believe everyone should have their own network marketing business, especially in times like these.  Robert has been preaching this for a long, long time.

Well, Mike Dillard hosted a call with Robert Kiyosaki talking about the state and future of the economy and stresses the importance of network marketing.  I have placed the call below for you to listen to.

WARNING: Robert may have some different views of the government than you have, so I am warning you ahead of time.

P.S. Now it’s your turn. Leave me a comment after listening to the call and let me know what you think.

Live, Laugh, Profit and Give,

Tim Largent

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34 Rules for Maverick Entrepreneur’s



34 Rules for Maverick Entrepreneur's

1. It’s got to be a BIG idea that you, your team and your
customers can “get” in seconds.

2. Strive to create 10x – 100x in value for any price you
charge. Your rewards are always proportionate to the value you provide.

3. You must charge a premium price so you have a large
margin to provide an extraordinary value & experience.

4. Provide a ‘Reason Why’ customers should do business with
you and pay you a premium.

5. Get paid before you deliver your product or service. And
when possible figure out how to create recurring revenue from transactions.

6. You get to make the rules for your business. Don’t let
industry norms dictate how you’ll work or who you’ll work with.

7. Create your business around your life instead of settling
for your life around your business.

8. Consistently and constantly force yourself to focus on
the ‘critically few’ proactive activities that produce exponential results.
Don’t get caught up in minutia & bullshit.

9. Seek to minimize start-up risk but have maximum upside
potential.

10. Get your idea out there as fast as possible even if it’s
not quite ready by setting must-hit deadlines. Let the market tell you if you
have a winner or not. If not – move on and fail forward fast! If it’s got
potential – then you can make it better.

11. Find partners and team members who are strong where you
are weak and appreciate being paid on results.

12. Your reputation always counts. Honor your obligations
and agreements.

13. Never, ever get paid based on hours worked.

14. Leverage your marketing activities exponentially by
using direct response methods and testing.

15. Measure and track your marketing so you know what’s
working and what’s not.

16. Bootstrap. Having too much capital leads to incredible
waste and doing things using conventional means.

17. Your partners and employees actions are their true core
– not what they tell you.

18. Keep asking the right questions to come up with
innovative solutions. “How?”, “What?”, “Where?”, “Who Else?” & “Why?” open
up possibilities.

19. You’ll never have a perfect business and you’ll never be
totally “done”. Deal with it.

20. Focus most of your time on your core strengths and less
time working in areas you suck at.

21. Make it easier for customers to buy by taking away the
risk of the transaction by guaranteeing what you do in a meaningful way.

22. Always have something else to sell (via upsell,
cross-sell, follow-up offer, etc) whenever a transaction takes place. The
hottest buyer in the world is one who just gave you money.

23. Always go back to your existing customers with
exceptional offers and reasons they should give you more money. It’s 5x less
expensive to sell to happy customers than go find new ones.

24. However the flip side is – fire your most annoying
customers. They’ll be replaced with the right ones.

25. The marketplace and competitors are always trying to
beat you down to a commodity. Don’t let that happen.

26. Develop and build your business’s personality that
stands out. People want to buy from people.

27. Create your own category so you can be first in the
consumer’s mind.

28. Go the opposite direction competitors are headed –
you’ll stand out.

29. Mastermind and collaborate with other smart
entrepreneurs if they have futures that are even bigger than their present.

30. Celebrate your victories. It’s too easy to simply move
on to your next goal without acknowledging and appreciating the ‘win’.

31. Make your business AND doing business with you FUN!

32. Do the unexpected before and after anything goes wrong
so customers are compelled to ‘share your story’.

33. Get a life! Business and making money are important but
your life is the sum total of your experiences. Go out and create experiences
& adventures so you can come back renewed and inspired for your next big
thing.

34. Give back! Commit to taking a % of your company’s sales
and make a difference. It this becomes a habit like brushing your teeth pretty
soon the big checks with lots of zeros won’t be scary to write. If you think
you can’t donate a percentage of your sales simply raise your price.

Live, Laugh, Profit and Give,

Tim Largent

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Network Marketing IS Your Continuity Program

Well, the predictions are out for how you will be able to generate additional streams of residual income in 2009.  Many are out there including social networking, but the biggest one I’ve seen and is in full force is continuity programs.  Yanik Silver, a well respected internet marketer, just released his Maverick Business Insider continuity program last month.  Believe me, there are others creating their own programs because it seems like every email list I’m on, they are introducing me to their own continuity program.

So what the heck is a continuity program?  Very simple.  It’s a membership that you pay a monthly fee to be a part of, that’s it.  Don’t get me wrong, with this membership fee and what I’ve seen so far, you are getting a TON of great information that if you take action, will help your business grow.  So I started thinking…And then it hit me.  I already have one and have since I started network marketing.  Not to say I won’t create another in 2009, but this one was right under my nose.  If you are in a network marketing company that has an auto ship program, which if you don’t you need to find one, you are golden.  Your customers and downline pay monthly to have the companies products shipped to them and you get a percentage of what they buy.  This is continuity built right in.  Network marketing IS your continuity program.  And the best part, they take care of ALL the back-end of the program including taking orders, taking payment, shipping, refunds, EVERYTHING and leave you to build your business.  It is a B-E-A-utiful thing.

P.S. If you would like to learn the criteria that other top network marketers use to pick a winning network marketing company, see my earlier post at=>

ttp://www.myresidualbiz.net/blog/how-to-select-a-network-marketing-company/

Live, Laugh, Profit and Give,

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How to Use Social Media Marketing the RIGHT Way

The social media marketing craze is happening, as you may already notice, so if you want to get ahead of the game you need to learn the proper way to use this type of marketing in your network marketing business.  A Twitter friend of mine, Perry Belcher and Mike Dillard put a couple of excellent videos together to teach you how to use social media in your business the RIGHT way.  Actually, until I saw these two video’s I didn’t exactly “get it.”  They do such a great job explaining it, I’m not even going to attempt to put it into words here.  I will just give you a link to the video’s so you can go right to them.  Again, as I was watching them, I had some “ah-ha” moments.  So check it out and leave a comment to let me know what you think.

Click here to watch the video’s=>

Learn, laugh, profit and give,

Tim Largent

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Mike Dillard’s Magnetic Sponsoring and Building on a Budget Now Available as E-books

I have great news for you today.  Mike Dillard sent me an email to notify me that he has now released his Magnetic Sponsoring and Building on a Budget courses as e-books.  So you now get instant access to the two most popular training books in network marketing without waiting a week or longer for the physical book to arrive in your mail box.  So if you are looking to move your network marketing or multi-level marketing business to a whole new level, I highly recommend, as do other top notch network marketers, checking out these two books.  You will get more value out of them that far exceeds the price.  I know I did.  These two books opened my mind to a whole new world for my business.  You will also learn Mike Dillard’s secrets for running a successful business.  If you are serious about treating your network marketing business as a business and not a hobby, then it’s a must to learn attraction marketing.  I hate to be so blunt, but it’s true.  If you are not seeing the results you want from the “old style” of network marketing then it’s time to learn the secret of how the six and seven figure earners in the business are doing it.  I once heard a saying that the definition of insanity is doing the same thing over and over and expecting different results.  And scientist Albert Einstein advised we can’t get out of a situation using the same thinking that got us into it.  Truuuuue dat.

Below is a portion of the email from Mike Dillard.

“The strategies I’ve always taught in Magnetic Sponsoring have been the
most
effective technique you could possibly use, but they’re going to work
that
much better now thanks to the economy and the increase in competition
which
is good news for anyone who’s read the course and used the turn-key
system we
provide.

So if you don’t open a copy of Magnetic Sponsoring, you’ll be
glad to know
that we just made it MUCH easier to get your hands on my
techniques…

As of today, Magnetic Sponsoring”, and “Building On A
Budget”
are now available as E-books with instant access.

Forget about
the shipping charges, and having to wait a week for your
course to
arrive.

Now you can place your order and have complete access to your
course, all
of the bonus items, and the #1 lead generation and affiliate
system in the
industry in less than 5 minutes.

And yes… Both courses
still come with our industry leading, 1-Year,
no-questions-asked,
Guarantee.

You either get the kind of results you want, or you don’t
pay.

It’s that simple.

I can almost hear the applause from our
international friends who’ve
always had to wait two week for their course to
arrive. ;)

Click here for Magnetic Sponsoring

Click here for Building on a Budget

Learn, Laugh, Profit and Give,

Tim Largent

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The Death of Blogrush

John Reese, the idea guru behind the free traffic generator called Blogrush, has decided to shut down the website over the next 24 hours.  He has said while Blogrush is servicing a few million impressions a day, he doesn’t see things improving for the users.  So if you have the Blogrush widget code on your website, you will need to remove it.

Blogrush

Unfortunately I have to agree with John on this one.  I have been using Blogrush for about five months now and have not seen a ton of traffic from it.

 

I know this is a bummer for John to see one of his ideas crash and not go the way he planned, but the positive and more important lesson to take away from this is that he took ACTION.  He came up with this Blogrush idea at 4am and got the ball rolling.  He didn’t just sit on it thinking about all the ways it wouldn’t work, he just got started and figured it all out along the way.  A true entrepreneur.

 

I want to thank John for the idea, implementing it and giving it everything he had to make it work, because although I didn’t get the traffic I thought would come from it, I did receive visitors coming to my site from just putting up the widget.  Thanks again John.

 

Go make a difference

One life at a time,

Tim Largent

 

 

 

 

 

 

 

 

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Emergency Video-How to Prosper in the Current State of the Economy

Frank Kern has put out a great video on how to prosper during the current state of the economy.  I have decided not to participate in the so called recession that we are in.  The people who prosper are the ones who see opportunity in every downtrend.  During the Great Depression, John D. Rockefeller proclaimed, “These are days when many are discouraged.  In the 93 years of my life, depressions have come and gone.  Prosperity has always returned and will again.” 

 

One concept that Frank points out is the massive and rapid transfer of wealth from people like “THEM” to people like “US”.

 

Check it out, I think it will give you some inspiration plus set you on the right track.

 

Click here to watch Frank’s video=> http://masscontrolsite.com/blog/?p=43

 

Enjoy and leave a comment on what you thought about it.

 

To your success,

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How to Select a Network Marketing Company

As I was doing a little research the other night, I came across a website by Daren Falter whom wrote a book called How to Select a Network Marketing Company.  No hype, just facts.  He wrote the book so you could do your due diligence and choose a winning company based on his seven criteria.  There are many companies out there, but by using his criteria you are sure to pick a winner.  By the end of 1995, Daren had compiled a list of over 200 top home-based business programs. Using his list of seven key criteria, he started scrutinizing and eliminating companies from his consideration.

 

When I started my search 10 years ago to get out of the rat race I had no idea what exactly I was looking for.  I just new there was a better way to live.  To make a long story short, I did a little research and found that network marketing was the way to go.  After deciding to move into this industry, I now had to choose which company or mini-franchise I wanted to work with.  I came across many different companies that wouldn’t have come close to meeting Daren’s criteria.  The fact is, I didn’t do my due diligence as Daren explains in his book.  I believe I contacted about seven different associates in different companies through newspaper ads, but there was one that stood out above the others.  Maybe it was just luck, but I’ve been in network marketing for 10 years now and have been with the same company the whole time.  That’s right, all 10 years.  This may be a little shocking to you if you have been in the industry for some time because it doesn’t happen too often.  I’ll have to share my story with you sometime because I think you will get a kick out of it.  Something happened in my search and I almost quit before I even got started, but my intuition kicked in and I knew I made the right decision.  As I was listening to Daren’s seven criteria, my choice in company has met ALL seven.

 

After reading this, you may be a little curious to see how your business compares to other business vehicles out there and see how many of the criteria yours fits into?  You are on the right track and I think that’s a great idea.  You may be a bit surprised. If you learn how to objectively evaluate each company, you’ll be much more effective in recruiting intelligent leaders into the company you ultimately choose. You can add How to Select a Network Marketing Company as a tool to understand how your company compares to the rest of the marketplace.  Keep in mind that his book was prepared to help you select the BEST network marketing companies, not to help you rationalize your way into a company and product that you think is great. To make the correct choices in business, you must push away your emotions and your impressions and focus on the facts. You must learn how to find and verify truth on your own so you don’t have to rely on someone else’s propaganda.

 

Learn to choose well, so you can help others to choose well.

 

And guess what?  How do you think Daren learned how to get his network marketing business started on the internet?  Well, one of his top resources and also my number one resource is none other than Mike Dillard’s Magnetic Sponsoring along with his other great programs.  Here’s what Daren had to say about Mike Dillard and his programs.

 

“Mike Dillard is such an innovative and powerful internet-based network marketer, that I had to feature an entire page on my BLOG for people to discover all of his programs. We don’t work the same MLM programs, but we use all the same online strategies. Mike is a master of teaching Online MLM.”

 

Not only has Daren tapped into Mike’s marketing system, but thousands of other network marketers are learning these new methods of marketing and are realizing that this is how the big dogs in the industry are doing it.  So here’s your chance to be trained by Mike Dillard himself.  He is giving you instant access to his 7 Free Videos to learn how to attract new prospects to YOU and be the hunted and not the hunter. 

 

Below is Daren’s website where you can pick up a copy of How to Select a Network Marketing Company.  Plus, he is giving away three *FREE* gifts worth over $200 to the first 300 visitors, so I would get there fast.

 

Click here for Daren’s website

 

Click here for Mike Dillard’s 7 Free Videos

  

To your success,

          

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Why The Network Marketing Business Will Continue To Grow

I was looking through my emails the other day and came across this one.  Maybe it will give you a little inspiration as it did me.  Whenever you get a third party to validate the business your in, although your friends and family tell you it won’t work, it can light a fire inside you.  That fire of desire you had when you first realized that this could work and you were going to make it work no matter what it took.  Robert Kiyosaki is just one of many best selling authors that agree that network marketing is here to stay and will only get bigger.

 

Why The Network Marketing Business Will Continue To Grow

By Robert T. Kiyosaki

 

For network marketers, the future looks very bright indeed, because there are economic trends already in process that will drive more and more people to participate in this business in the years ahead.

 

People Want More Freedom

 

Gone are the days when a person takes a job at age 25 and stays there for life, doing as he’s told to keep that job secure. Today, people want to be more mobile and have more choices. They want the freedom to live their lives on their own terms.

 

A part-time network marketing business offers people more control over their lives; ultimately, it provides more freedom. It provides a low-cost-of-entry, ready-made system for those anxious to make a change.

 

People Want to Be Rich

 

During my parents’ generation, the rules said, “If you work hard, the older you get, the more you’ll be paid, earning ever more money (within tightly proscribed limits) through incremental pay raises.” As you approached the end of your life, however, those rules reversed: when you retired you expected your income to go down. In other words, the assumption for my parents and their contemporaries was that one would work hard all one’s life–and retire poor.

 

No more. Today we have 25-year-olds who’ve never held down a job in their lives, yet have become billionaires by building a software company. At the same time, we have 50-year-olds looking for jobs, hoping to get back to a place where they can earn $50,000 a year. What’s worse, these same 50-year-olds have little or nothing to set aside for retirement; indeed, they may never be able to retire. These 50-year-olds don’t need jobs; they need the opportunity to get rich enough to provide a sustainable level of income for the rest of their lives.

 

That opportunity is exactly what network marketing provides. Network marketing companies offer this possibility by providing the necessary education, mentoring and business systems to assist these 50-year-olds build their own B quadrant [business-owner] businesses.

 

By the year 2010 (not that far away!) the first of 75 million Baby Boomers in America will reach the age of 65. Many will come to network marketing as a means of building that lifetime of security which their jobs did not provide.

 

Indeed, beyond meeting the basic needs of minimum-level financial security, a person who successfully builds a network marketing business may potentially join the ranks of the world’s ultra-rich, becoming far more wealthy than highly-educated and hard-working professional people, such as doctors, lawyers and engineers. They may even become wealthier than many sports stars, movie stars and rock stars.

 

If you are already an established network marketer, what does this mean for you? This is the best news of all: as the year 2010 approaches, many people who are already network marketers will do exceptionally well as millions of Baby Boomers come their way.

 

Individual Retirement Portfolios Will Be Wiped Out

 

Never in the history of the world have so many people bet their retirement years on the stock market. This is a recipe for financial disaster.

 

During my parents’ generation, retirees counted on the companies they worked for and the federal government to provide the income stream to support their retirement years. They didn’t have to worry about managing their retirement portfolio: the companies they worked for did that for them.

 

Today, more often than not, when you retire you’re on your own. Millions of Americans have 401k’s or similar retirement accounts–and that’s all they have. If your 401k runs out of money when you reach, say, age 78, you won’t be able to go back to your former employee and ask for help. There’ll be nowhere to turn.

 

There’s also a strong possibility that the US stock market will collapse by the year 2010–if not sooner. If this happens, many 401k retirement plans will collapse along with it, which will mean that millions of people will never be able to retire–or at best, they won’t have the pleasant retirements of which they had so fondly dreamed. Suddenly a person with $2 million in mutual funds in his retirement account may find that portfolio cut in half. On top of that, he may be stuck with a capital gains tax that could bankrupt the remaining value of the retirement portfolio. That’s the risk of betting your retirement years on paper.

 

The number of people who have bet their lives on the stock market is at an all-time high: if there is a crash, millions of people will be seeking other sources for financial security–such as building the kind of B quadrant business that network marketing can provide.

 

The Rules Have Changed

 

In 1989, when the Berlin Wall came down and the World Wide Web went up, the rules of the world changed forever. According to many economic historians, that’s when the Industrial Age ended, and the Information Age began.

 

In the Industrial Age, the rules were that if you worked hard, your company and the government would take care of you. In the Information Age, the rules are different: the new rules say, you had better be planning to take care of yourself. How? Starting now, by investing in your own network marketing business.

 

This passage is excerpted with permission from

The Business School for People Who Like Helping People, by Robert T. Kiyosaki, with Sharon Lechter, authors of Rich Dad Poor Dad.

 

To your success,

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New Year’s Resolutions

I was going through some papers that I have collected over the years from trainings I have attended and came across an interesting sheet of 8×6 paper colored with some green foliage and flowers in the background with the words New Year’s Resolutions on it.  I took it out and remembered why I kept it which I will explain at the bottom.  They handed it out during The 7 Habits of Highly Successful People training that I attended years ago and I wanted to share it with you. 

 

New Year’s Resolutions

 

People are unreasonable, illogical and self-centered.

    Love them anyway.

 

If you do good, people may accuse you of selfish motives.

    Do good anyway.

 

If you are successful, you may win false friends and true enemies.

    Succeed anyway.

 

The good you do today may be forgotten tomorrow.

    Do good anyway.

Leadership

 

Honesty and transparency make you vulnerable.

    Be honest and transparent anyway.

 

What you spend years building may be destroyed overnight.

    Build anyway.

 

People who really want to help may attack you if you help them.

    Help them anyway.

 

Give the world the best you have and you may get hurt.

    Give the world your best anyway.

 

The world is full of conflict and hurt.

    Choose peace of mind anyway.

 

                                    -Anonymous

 

I have come to realize that sometimes as leaders, in business and in our personal lives, we sometimes do things that make us feel a little uncomfortable, but we do them anyway.

 

To your success,

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