Tuesday, August 18, 2009

MLM vs. Top Tier Direct Sales

I get asked the questions all the time; which is better, MLM or Top Tier Direct Sales? Without just jumping right out and declaring one a victor over the other, there are some criteria you've got to go over. These to business models are very similar in the sense that you are going to be selling a product and be paid based on your volume. By the way, if you're going to join a business or opportunity and someone tells you that you won't be selling anything you should run. Without sales of some sort of product or service there would be no revenue except for the initiation fees and that is frowned upon by the government. I know, can you believe they actually want you to operate your business like a business!?! Anyway, let's get in to MLM vs. Top Tier Direct Sales.

Becoming Profitable: Many times with a Top Tier Direct Sales company you can be profitable after just one sale. This is simply because the amount of money you earn upfront is substantial (often in the thousands of dollars.) With your traditional MLM business it's going to take a lot of work a a very large producing downline before you begin to see thousands of dollars.

Residual Income: These days it's nearly impossible to research a company or an opportunity without being hit over the head a thousand times about residual income. I've got news for you, TRUE residual income produces whether you do or not. With traditional MLM if you stop recruiting and stop distributing you will eventually lose some of that hard earned residual income. And God forbid Johnny takes his wife and kids on a vacation, he's your #1 producer! What are you gonna do when he's not working. Or worse, what do you do when he decides to leave and do something else?

Lots Now, Lots Later or Both: Top Tier Direct Sales is known for allowing the relative new comer to stuff $5k-$10k/month in there pocket repeatedly. This is simply due to the commission structure. With a good Top Tier Direct Sales company it is realistic to make $400+k/yr. averaging one sale a week. Can you say the same about MLM? With MLM you need to build a HUGE organization before you begin to see big money.

At the end of the day it is up to you Mr./Mrs. Entrepreneur to do your due diligence and research the pros and cons on your own. However, if you want to get profitable right out of the gate and stay that way, I would strongly look into a career in Top Tier Direct Sales. There isn't a business model around that rewards those who want to work more than this industry. I've attached a video for your viewing pleasure. I hpe you like it. Until next time!

Thursday, August 13, 2009

Money Making Secrets Revealed!

Doesn’t that just sound exciting! I’m going to do my best to help you make heads or tails of making money. There are tons of ways that people just like you our out there every day making more money than they know what to do with. There are a few basic principles to keep in mind when trying to build a business. By the way, I’m just assuming you’re building a business or thinking about it. If not you should start down that thought process as it is next to impossible to amass any kind of real money working for someone else. So enough already, onto Money Making Secrets Revealed!

• Marketing: When I first started in business I wanted everyone to know what I did as a business. As time went buy I realized the #1 “hat” I had to wear in my business to make money was the Marketing hat. I don’t care if you have the best product in the world, if nobody knows about it your sales will never be what they could be or should be.

• Leverage: For the purposes of this article, Money Making Secrets Revealed, I’m going to talk specifically about leveraging your time. An easy example would be to have some sort of automated Marketing system that runs 24/7. If you’re going to have that going you may as well have a way to collect money 24/7. If you’re wondering how you’re going to do all of this, don’t worry it’s easier and more common than you think.

• Persistence: One of my favorite sayings is, “A shuttle burns most of its fuel during takeoff.” I’m certain this is why most businesses fail in the first year. Some sort of bump in the road happens and Mr./Mrs. Business owner throws their hands up and calls it quits. You’ve got to keep pushing if you’re ever going to make it.

This is by no means an end all be all article about making money. However pulling back the curtain on Money Making Secrets Revealed truly isn’t as complicated as most would have you believe. It is always the most simple yet practical plans and ideas that lead to the greatest successes. So as you move forward, keep these few key points in mind and you’ll be on your way to Making Money in no time.

What are the Best MLM Compensation Plans?

When deciding to get into an MLM company, there are a few things to keep in mind. Do you have some sort of passion or interest in the actual product? Is it something that is going to take you months and a lot of money before you’re profitable? And of course what is the companies’ compensation plan? Below are just a few things to keep in mind while looking at MLM Compensation Plans.

• Upfront Money: Does the company you’re thinking about offer you an opportunity to become profitable as soon as possible? What I mean by that is, are you going to be able to make some upfront cash before all of your accumulated points, volume, etc kick in for your residual income. This is something to think about as you could very easily go broke before your residuals kick in leaving you out of business before you really get started.

• Downline Structure: What happens if you build a HUGE downline and the next day one of your superstars decides he/she is moving to Tibet and getting rid of all their Western possessions? Are you going to be able to replace that income quickly, or are you stuck having to start from scratch?

• Volume: How much volume and/or points are you going to have to accumulate before this thing is truly profitable? Believe it or not, there are some individuals who work like crazy and recruit, recruit, recruit only to find that it still isn’t enough. Make sure you’re getting paid what you’re worth. This is HUGE when reviewing MLM Compensation Plans.

• Rollover: Do your points/volume rollover to the next pay period or are you going to have to replicate what you did every single week, month, year? Being able to carry over points/volume makes it much easier for you to stay in the Black.

Hopefully this has shed some light on what you should keep in mind. Please don’t mistake this as anything other than a business. If you are not in the Black, you are losing money. It truly is that simple. Do yourself a favor when reviewing MLM Compensation Plans, make sure you’re always able to make money right off the bat and that you aren’t going to be completely wiped out if something happens to ONE member of your downline. There are many very profitable companies out there. Pick one that works for you and get Rockin’ and Rollin’!

Tuesday, August 11, 2009

Millionaire Mindset for Entrepreneurs

What are you thinking about right now? Are you thinking of some sort of problem or some sort of solution? Most successful entrepreneurs have a Solutions oriented Mindset. One of the greatest books on success, “Think and Grow Rich” by Napoleon Hill says it best with whatever the mind of a man can conceive and believe he can achieve. I’ve listed a few easy transitions to begin building a Millionaire Mindset for Entrepreneurs.

• Understand Your Time: You need to understand how much time you spend on certain activities and if that gave you the desired result you were looking for. For one week monitor your time. How much time is really being spent on activities that get you closer to your desired outcome and how much time is spent somewhere else? Get clear on this first.

• Evaluate & Make Changes: Now that you’re clear about where your time is spent, let’s begin to capitalize on your time. Start with something easy. This could be as simple as reading a book for an hour instead of watching the T.V. Maybe you get right into work in the morning instead of checking email and getting ready to get ready. Whatever it is make a plan you’ll stick to.

• Work your Plan: Repetition breeds success. As you continue to work your plan you’ll notice things begin to free up a little. This is usually when you begin to make bigger distinctions and come up with bigger and better solutions. As this becomes routine for you it is no longer something you have to make yourself do. This will actually help you free your time.

• Associations: Who spend your time with and take advice from plays a big role in cultivating a Millionaire Mindset for Entrepreneurs. You can’t be one person during work hours and then someone completely different the rest of the time. As an entrepreneur, this is who you are. Look for those who you would like to model yourself after in all aspects of your life. This again is where you will begin to make bigger distinctions and bigger and better solutions.

Beginning to make just a few small changes will begin to cultivate a Millionaire Mindset for Entrepreneurs. Get clear about your time, evaluate how and when you do certain things, be consistent with your plan and begin to attract like-minded individuals. As with anything else you’ve got to be committed. Implement your own plan and see how far you really can go.

Creating Wealth Building Credit for Entrepreneurs

As an entrepreneur it is important to know where you stand in regards to your credit. With the way the Credit Reporting Agencies have become, your credit can help and hurt you. These days your credit is sometimes used as a judge of character. Not to mention the vast amounts of opportunity to be missed out on if your credit is not in good standing. Creating Wealth Building Credit for Entrepreneurs is easier when you know the rules. Here are a few items to keep in mind.

• Know your Credit Score: It’s hard to know where you’re going if you don’t know where you are! If you don’t know what your credit score is and what is on the report, how are you going to go about re-building it or making it stronger? There are many easy ways to get this done, one of them is www.annualcreditreport.com. Choose the tri-merge and know where you stand.

• Review Your Credit Score: Believe it or not, your credit report is not always accurate. Do yourself a favor and go over your report. You never know what may be on your report that you were not aware of or possibly something from the past you forgot about. In any case, it will benefit you to review your report.

• Understand your Options: If you are not sure what to do next in Creating Wealth Building Credit for Entrepreneurs, speak with a professional. Choosing someone with a proven track record is always a good idea. Just as with everything else, the pros usually know much more than we do. Talk to them about your particular situation and what it is you’d like to see as a result from their services. There are many rules and laws that the professional will be able to help you with.

• Maximize Your Credit: After dealing with any negative reports on your credit it is time to start the climb upwards. There are many ways to continue to build your credit. One simple thing is to make certain you stay ahead of the curve. Paying on time is something simple to do and can help build that rating. I’m sure after you’ve dealt with the professional you will have a great game plan for credit success.

Now that you’ve got a Blue Print in Creating Wealth Building Credit for Entrepreneurs it’s time to optimize that plan. Stay on board with your plan. The more consistent you are the better for your rating. It is a good idea to continue to know your credit score, review your report, understand your options and maximize on the potentials. With a little work you’ll be on your way to the top of the credit ratings. Imagine what simple things will be possible.