Getting
Started Earning Residual Income
Build your Team
Your
team is chosen from your downline members. They are the ones that
work hard and are productive. They are also the ones that are
strong in areas that you may be weak in, so together you will
make a complete team with strong characteristics in all the necessary
business areas. Working together you will support yourself, your
team and the rest of your downline.
1.
Pick your team-mates like you were hiring employees or
management staff. Like you would if you were building a corporation
from scratch. You want to find self starters that bring something
to the table, more than just their appetite to make money.
I know this is not
mainstream thinking but when someone asks me what I going to do
to support them, ask them what skills, energy and experience they
are bringing to the team. I spend more of time supporting people
who get results, Why? Because my time is important too, and I'm
doing this to make money. People will tell you all kinds of things
to get your attention but in reality ask them to show you not
tell you. The people that learn quickly, can plan and are willing
to work towards goals are the ones that will stick around, the
rest are just shopping.
Many people are looking
for hand holders. It's OK to hold someone's hand from time to
time but you can never make a success out of someone who is not
willing to work and think things through. As in most occupations
the majority of people are waiting for someone else to do all
the work. When you find these people send them to those other
guys that spend all day hand holding because they haven't accomplished
anything worth duplicating. Just being a friend is not enough
it takes skills that are learned over time through effort.
If it's true that
every seed gives birth to fruit of it's own kind you are looking
for those seeds that are right. You would never plant a peach
and expect to grow a watermelon it's not in it's nature, just
as you would never plant cactus in the rain forest.
How do
you find out what they are? Simple listen - I think God gave us
all two ears and only one mouth for a reason.
2)
Think long term. Over 90% give up before making much
money. Don't spend extra money just to save time in the beginning.
Don't ever allow yourself to be rushed. Sales scams depend on getting
others to feel that they must act this minute. Your results will
always depend on your efforts, timing is more important once you
have already made money not when your starting at zero. Take your
time. It's more important that you choose wisely in the beginning,
you can't go back and do the beginning over. That's why people quit
because they get rushed into something that's not right for them,
if they start over it's usually with another program then another.
In order to make the big money you need to learn how to make some
money, when you have made some you can teach what you now know to
others. When you help others the same money you will always make
more and more yourself.
Once you
start making money - grow till you make at least $ 300 a month
and then add diversify to your business. You must learn to make
your business grow first how else would you get the funds to diversify.
You diversify so that all your eggs are not in one basket.
If McDonald would
have stopped with the first hamburger stand it never would have
become the giant it is today, but if McDonalds had gone into the
car business after their first success they wouldn't have been
able to leverage or convert their success experience. Once your
making money start planning how to leverage what you have already
learned.
Again this is not
mainstream thinking. Most people will go with the proven winner.
But what if your chosen business runs into difficulty. The nature
of Network marketing is that - what is the rage now may be replaced
by the new & better products compensation plans etc in the
future.
Your first On-line
business should be at least somewhat HOT in the marketplace but
just as any good investor will buy conservative stock and sometimes
buy a risky but more profitable stock, in the long run develop
a mix conservative long term businesses that will work year after
year. Only shoot for the stars as a sideline like others do with
the lottery - it's just as much fun you have better odds.
I worked one business
for almost a year and used most of the profit to diversify now
I am comfortably working several. I couldn't have been successful
working several until I learned how to make one business work.
3.
BUILD ONE TEAM: In multi-level marketing it's called
a downline. I consider it to be more like a team. What I call the
Mastermind alliance is just helping others with your strengths and
getting help from others in their areas of expertise. In a perfect
world everyone would do what they were drawn to and good at.
I prefer to call
multi-level marketing cooperative marketing. Why start with new
people every time you find a new opportunity. Isn't it smarter
to bring in many of the people you have worked with before - or
to go with them when the opportunity is perfect for their skills
and interests. Build a team, learn when to be a team leader and
learn when to be a team member, regardless of your position.
Once you learn how
to be a leader you can learn when to serve. You will find that
if you focus on making your team money you will end up making
more yourself, you cant help it. You do this by learning then
teaching. If you build your co-op right, you will find other leaders
to work with, or they will find you. You may all focus slightly
on different businesses but using cooperative teamwork and synergy
you all earn more and do a better job.
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