Have you watched the Panorama program entitled “Who will save the savers” yet? You can still check it out on bbc iplayer.
Comments made include:
Average pension pot is £25,000 paying £1800 per year, (that is astonishing and frightening at the same time)
Government has let us down, people feel aggrieved and betrayed
Government does not know what it is doing on pensions
People having to work until they are 70 -75
We are heading for a disaster if we do not get a grip, what are we going to live on?
Share prices down 30%, could take decades for the markets to recover, (if they do)
Spain property prices down 40%
UK property prices down 20%
91% of final salary pensions in the private sector are now showing a deficit.
Public disorder could happen
Observations
I hadn’t realised that the pension situation was a bad as it obviously is. We all want to live to a ripe old age, but it is looking like the majority of people are going to live in poverty.
People need to review their pension pots urgently in light of the recent stock market and banking turmoil and ask themselves four questions.
What sort of lifestyle do I want (deserve) when I retire?
What date am I going to retire?
Will my pension give me that lifestyle?
And if not what am I going to do about it?
What is my point here?
My point is that there is another business opportunity out there that will give you the security you are looking for. Network Marketing will pay you a residual income every single month and your income is willable in full to the next generation so that your children can carry on earning the ever-increasing income for years to come. How fantastic is that?
There are record numbers of people who are now joining this business, why?
Because they have had enough of the system, (because it clearly doesn’t work) and they more than anything want to take control of their lives.
Saturday, 28 March 2009
Thursday, 19 March 2009
Have you got what it takes?
Network Marketing is not a job in the strictest sense of the word, because the way it pays you is different from the normal. You get paid on your efforts and your results. So the opposite is therefore true, no effort no results, no pay. Lots of people in hourly paid work can get away with not doing a lot and still get paid. That doesn’t work with NM.
As I said in blog 3 what you are doing is “Creating a life for yourself where you take personal control and responsibility”
Can you do this business, seriously, can you?
This is the key to you being successful, because the one thing you have to have to do this business is belief in yourself. If you have this then you will achieve your goals for your life. Because when you believe you will focus on your goals. This is why so many people fail in this business. It is not the products or services necessarily it is their commitment.
Belief = Commitment + Focus
Another issue with NM is that people will do it part time, a “bolt on” to the day job and therefore it is very easy to get blown off course and also the compensation plan will not reward you in the early days, (remember it is an exponential curve). So in the early days you will not earn as much as you thought you would. This can be difficult to explain to the “other half” and is another major reason why people fall off. However having said that once the curve starts to really bend you will earn a lot more than you thought were going to earn. So what is five years in the scheme of things, if you believe in the company and you believe in its products and services?
Look at it like this, in the early years you are putting down a foundation built on rock, (we will come back to this later). You are not going to earn a life changing income for 2-3 years maybe, (some people will blitz it in 18 months but I am talking about most people here). But as long as you keep doing it you will be successful. I say to people do as many hours as you can, because the more hours you do the quicker you will achieve the goals you have set for yourself, (obviously) and I also say, never give up.
The problem for many people is that they are looking for quantum leaps, get rich quick schemes, they don't happen guys. I think five years in the course of your life is a pretty quick time period if you think about it. No plan, no success is also the reality, what is your plan B?
Network marketing is the ideal vehicle for people who seriously want to take charge of their lives and are ready to do it. If the “light goes on” you are there. There is nothing stopping you.
Sunday, 15 March 2009
Network Marketing and Pyramid Selling
Did you know that NM is a 120 billion $ industry operating in 100 countries and involving 67 million people. All those people cannot be wrong.
The definition of Network Marketing
“Network Marketing is the dominant form of Direct Sales where there are two opportunities; the first is the Direct Sales income opportunity to build a customer base. The other is a business opportunity to develop a Marketing Network from which you will earn commissions on the sales of multiple levels of Networkers. This is why it used to be called Multi-Level Marketing, or MLM”.
The excitement of Network Marketing is that with a minimal investment there is the possibility to create an enormous and residual income. The flexibility of the opportunity allows for incomes from a few hundred pounds to many thousands of pounds (and even millions are possible) from the same basic Network Leadership franchise concept.
What I want to do now before we move forward is to nail the bane of our lives The Pyramid, save to say it has proven to be the most resilient structure ever to be built by man, (ironic).
People bracket NM and Pyramid selling as one and the same, questioning whether it is legal or not. We are plagued by this phantom beast called “Pyramid Selling”. It is the tool used by sceptical and uninspiring pessimists to attack less confident distributors. As I have also explained people do not know what they are talking about when they ask is it a pyramid?
The facts are:
· The term Pyramid Selling is coined when the majority of income for the company is made from the money people invest when they join, rather than from product sales. Companies that employ this Strategy are no more than recruiting schemes where for every winner there is a loser. Customers are the only people who can introduce profit into a business and make it legitimate.
· Franchising was originally called Pyramid Selling because companies made their money based on people joining rather than customer sales so many people failed, losing their investment in the process. The British Franchise Association was created primarily to try to disassociate reputable franchisors from pyramid selling operations which had proliferated in the late 1960’s and early 1970’s.
So you can see that Pyramid selling came out of the franchising industry and not the direct selling industry. See you didn’t know that and neither does anybody else. So when the next person says is it a pyramid ask, “Please tell me what you understand is pyramid selling and then please tell me how that relates to Network marketing”?
A pyramid scheme is simple to detect. You do this by looking at the product and by asking yourself whether it offers real value and excitement to a set customer target market? If it does not and customer sales are unlikely then the scheme will eventually be totally focussed on recruiting people and is, therefore, a pyramid.
The definition of Network Marketing
“Network Marketing is the dominant form of Direct Sales where there are two opportunities; the first is the Direct Sales income opportunity to build a customer base. The other is a business opportunity to develop a Marketing Network from which you will earn commissions on the sales of multiple levels of Networkers. This is why it used to be called Multi-Level Marketing, or MLM”.
The excitement of Network Marketing is that with a minimal investment there is the possibility to create an enormous and residual income. The flexibility of the opportunity allows for incomes from a few hundred pounds to many thousands of pounds (and even millions are possible) from the same basic Network Leadership franchise concept.
What I want to do now before we move forward is to nail the bane of our lives The Pyramid, save to say it has proven to be the most resilient structure ever to be built by man, (ironic).
People bracket NM and Pyramid selling as one and the same, questioning whether it is legal or not. We are plagued by this phantom beast called “Pyramid Selling”. It is the tool used by sceptical and uninspiring pessimists to attack less confident distributors. As I have also explained people do not know what they are talking about when they ask is it a pyramid?
The facts are:
· The term Pyramid Selling is coined when the majority of income for the company is made from the money people invest when they join, rather than from product sales. Companies that employ this Strategy are no more than recruiting schemes where for every winner there is a loser. Customers are the only people who can introduce profit into a business and make it legitimate.
· Franchising was originally called Pyramid Selling because companies made their money based on people joining rather than customer sales so many people failed, losing their investment in the process. The British Franchise Association was created primarily to try to disassociate reputable franchisors from pyramid selling operations which had proliferated in the late 1960’s and early 1970’s.
So you can see that Pyramid selling came out of the franchising industry and not the direct selling industry. See you didn’t know that and neither does anybody else. So when the next person says is it a pyramid ask, “Please tell me what you understand is pyramid selling and then please tell me how that relates to Network marketing”?
A pyramid scheme is simple to detect. You do this by looking at the product and by asking yourself whether it offers real value and excitement to a set customer target market? If it does not and customer sales are unlikely then the scheme will eventually be totally focussed on recruiting people and is, therefore, a pyramid.
Saturday, 14 March 2009
Misconceptions
I just want to expand on yesterday’s blog where I said that “There is something going on that has to be put right” in that we need to sort out the image for NM.
Two more people asked me yesterday. “Is it a pyramid” I might as well left the room at that point because I could virtually see the shutters coming down. I asked one of them, (a professional mortgage broker working for a bank) “Please tell me what you understand is pyramid selling and then please tell me how that relates to Network Marketing”. Reasonable question don’t you think? Guess what he said. “I don’t really know to be truthful”.
That my friends sums it up. If a professional mortgage broker hasn’t even got an inkling then we have a credibility problem caused by misconceptions and misinformation. I have always known this, but this just reaffirms my perceptions. So what are we going to do about it?
Firstly lets discuss another strand at this point, Careers and Jobs, as this puts NW into the picture, I will come back to what we are going to do about it later.
Would you not agree that the career landscape has changed forever? Its scary out there, lay offs across the board, very challenging for everybody. There is no such thing as job security any more, (we have known about that for a long time). This is now reality, it’s happening all around us every day. Annual pay rises will no longer be a given, any bonuses will be based solely on performance. Companies are using the credit crunch to cut out any “dead wood”, impose wage freezes and short time working. If you want to keep your job you will have to take a wage cut.
I could go on but what is the point, if you do not believe this yet wait and see what happens, the recession has only just begun. The stress and anxiety levels within the working population over the next few years is going to be enormous.
That is my quick take on what is going on out there, I am sure there are people who would argue with aspects of what I am saying, but no one can argue with the fact that we are living in very challenging times.
In Network Marketing we have an alternative career path.
Because of the state of the economy people are now “open to looking” and we therefore need to get the message across that NM is indeed is an opportunity you need to explore.
NM is also performance based strangely enough, you perform you get paid. But fundamentally what you are doing is “Creating a life for yourself where you take personal control and responsibility” You are your own boss.
So there are three strands we are going to pursue.
· Re-educating Jo Public on NW
· Re-educating Yourself, the skill sets to be successful
· Educating you on how to go about finding the right company.
As I said it is education, education, education.
Two more people asked me yesterday. “Is it a pyramid” I might as well left the room at that point because I could virtually see the shutters coming down. I asked one of them, (a professional mortgage broker working for a bank) “Please tell me what you understand is pyramid selling and then please tell me how that relates to Network Marketing”. Reasonable question don’t you think? Guess what he said. “I don’t really know to be truthful”.
That my friends sums it up. If a professional mortgage broker hasn’t even got an inkling then we have a credibility problem caused by misconceptions and misinformation. I have always known this, but this just reaffirms my perceptions. So what are we going to do about it?
Firstly lets discuss another strand at this point, Careers and Jobs, as this puts NW into the picture, I will come back to what we are going to do about it later.
Would you not agree that the career landscape has changed forever? Its scary out there, lay offs across the board, very challenging for everybody. There is no such thing as job security any more, (we have known about that for a long time). This is now reality, it’s happening all around us every day. Annual pay rises will no longer be a given, any bonuses will be based solely on performance. Companies are using the credit crunch to cut out any “dead wood”, impose wage freezes and short time working. If you want to keep your job you will have to take a wage cut.
I could go on but what is the point, if you do not believe this yet wait and see what happens, the recession has only just begun. The stress and anxiety levels within the working population over the next few years is going to be enormous.
That is my quick take on what is going on out there, I am sure there are people who would argue with aspects of what I am saying, but no one can argue with the fact that we are living in very challenging times.
In Network Marketing we have an alternative career path.
Because of the state of the economy people are now “open to looking” and we therefore need to get the message across that NM is indeed is an opportunity you need to explore.
NM is also performance based strangely enough, you perform you get paid. But fundamentally what you are doing is “Creating a life for yourself where you take personal control and responsibility” You are your own boss.
So there are three strands we are going to pursue.
· Re-educating Jo Public on NW
· Re-educating Yourself, the skill sets to be successful
· Educating you on how to go about finding the right company.
As I said it is education, education, education.
Thursday, 12 March 2009
Good Press Bad Press, straight talking
What is it with NM; people have this fear, concern or downright aversion to it. You must agree it has a stigma attached to it. Having said that I have met very few members of the public who knows what they are talking about when it comes to Network Marketing. There is nothing funnier than listening to someone who thinks they know what they are talking about when they have obviously done zero research on the subject. It’s pretty sad don’t you think? If I had a pound for every time someone asked, “is it a pyramid”? I would be rich by now. And I am not even going there.
There is something going on that has to be put right.
There is nothing wrong with Network Marketing, in fact in my opinion and in many other peoples opinions it is an excellent opportunity for people who would like to earn extra income and lets say it also, if you want to get filthy stinking rich it can also provide that for you as well, your choice. Even the likes of Donald Trump and Robert Kiyosaki (Rich Dad Poor Dad fame) are now extolling the virtues of NM as a business opportunity for people.
But there is a problem and that is that most people do not know this. So it’s all about education, education, education, (I think someone else said that first). What people like me have to do is to give you the information so that you can make a valued choice yourself as to whether you want to pursue an NM career.
Fundamentally when people are shown this business they have to be made aware that they are going to be the key element as to whether they are going to be a success. It does not matter how good the NM company is or how good the products are, or how good the training is, if you are not going to work the business then you will not succeed.
Whether you are a success or not is nothing to do with Network Marketing.
With conventional businesses I think the statistic is that 80% of new businesses will go bust within three years. So do we talk about that statistic in the same light as NW, no we don’t. The reason conventional businesses go bust is because it was the wrong type of business in the wrong place at the wrong time. The reason why people are not successful in Network Marketing is exactly the same.
So it is about personal education, making sure you have the right skill sets for you to succeed and making sure that you are joining the right company at the right time with the right products.
Wednesday, 11 March 2009
Network Marketing
Network Marketing
What is going on in the market place?
Background
Consumers are now choosing to save rather than spend, and retailers are cutting back on inventory, not just in anticipation of weaker sales but to conserve cash flow for survival. Governments around the world are printing money and pumping millions or trillions into their economies in a bid to kick-start their battered industries.
However as you realise the damage has already been done and we will have to wait to see how it will play out. We are certainly in a period of economic weakness lasting between 2 and 4 years, depending who you are listening to at the time. Where is the bottom to the housing and stock markets? The recessionary cycle has only just begun, and business will almost certainly get worse before it gets better. My take on this is that it will last between 3 and 4 years. One inevitable outcome will be a very large rise in unemployment whichever country you are looking at. Thriftiness is now becoming the new badge of honour.
So where does that leave the Network Marketing business model. The weakened economic environment will clearly have an impact. According to DSA data from the US it appears that the most severe impact on US sales trends has been in the party-plan model, where more discretionary products are generally sold. In the traditional person-to-person side of direct selling, there has also been economic impact on sales trends, but for some, particularly in the nutritional-products segment, sales have held up relatively well to date.
My background is that I have been made redundant twice and companies have gone bust on me twice in the course of the last 20 years. Enough is enough I told myself; never again will I work for a company where at the end of the day I am expendable, anytime. I also worked in manufacturing which has taken a particular hit in the UK in the last 20 years and I would also be deluding myself if I thought I would fall into another senior position, it just doesn’t happen any more. I had my personal reality check and decided to become my own boss; that was 5 years ago.
Becoming your own boss will be the no:1 aim for many more people in the future. Like me many people have had enough, they want to control and manage their own futures. I opened my eyes and my mind to what types of opportunities were available to me and that was when I discovered the Network Marketing business concept. My “light bulb” moment.
The right business at the right time.
If you are going to be your own boss then you need to get it right first time, (you have all heard that before). Your key to your Network Marketing future is finding the right company to be running with, ie the right business at the right time.
What is going on in the market place?
Background
Consumers are now choosing to save rather than spend, and retailers are cutting back on inventory, not just in anticipation of weaker sales but to conserve cash flow for survival. Governments around the world are printing money and pumping millions or trillions into their economies in a bid to kick-start their battered industries.
However as you realise the damage has already been done and we will have to wait to see how it will play out. We are certainly in a period of economic weakness lasting between 2 and 4 years, depending who you are listening to at the time. Where is the bottom to the housing and stock markets? The recessionary cycle has only just begun, and business will almost certainly get worse before it gets better. My take on this is that it will last between 3 and 4 years. One inevitable outcome will be a very large rise in unemployment whichever country you are looking at. Thriftiness is now becoming the new badge of honour.
So where does that leave the Network Marketing business model. The weakened economic environment will clearly have an impact. According to DSA data from the US it appears that the most severe impact on US sales trends has been in the party-plan model, where more discretionary products are generally sold. In the traditional person-to-person side of direct selling, there has also been economic impact on sales trends, but for some, particularly in the nutritional-products segment, sales have held up relatively well to date.
The downturn is offset some what by improved recruiting due to people looking for secondary income streams to bolster there main income. Many workers have been put on reduced hours and have taken a consequential pay cut. These people are looking for additional income streams and many have as much as 10 hours a week or more available for a part time business opportunity.
My background is that I have been made redundant twice and companies have gone bust on me twice in the course of the last 20 years. Enough is enough I told myself; never again will I work for a company where at the end of the day I am expendable, anytime. I also worked in manufacturing which has taken a particular hit in the UK in the last 20 years and I would also be deluding myself if I thought I would fall into another senior position, it just doesn’t happen any more. I had my personal reality check and decided to become my own boss; that was 5 years ago.
Becoming your own boss will be the no:1 aim for many more people in the future. Like me many people have had enough, they want to control and manage their own futures. I opened my eyes and my mind to what types of opportunities were available to me and that was when I discovered the Network Marketing business concept. My “light bulb” moment.
The right business at the right time.
If you are going to be your own boss then you need to get it right first time, (you have all heard that before). Your key to your Network Marketing future is finding the right company to be running with, ie the right business at the right time.
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