Thursday, May 7, 2015

But I Don't Know How To 'Millionaire'



Big money and I mean REALLY BIG money can be had in the network marketing industry.  One of the reasons I dropped out so many times is that I often times was broke long before I could make those millions.  Seriously, I was the butt of many jokes after I first joined the NFL (NO FRIENDS LEFT) Club in 1997.

"HEY, BILL!!! ARE YOU RICH YET?!!!" they would say taunting and teasing me.

Not like I care.  Real friends wouldn't taunt you like that.  Their loss.

While those same detractors were teasing and taunting me behind my back at least I was trying while they are trudging away at the same boring jobs most of them will be at 40 years from now.

But even in my great defiance of the cultural norms, I have to admit that I really didn't know anything about what I was doing and I was doomed for failure simply because I had no respect for whatever potential money that could come in.  In 1997 I was 21 only cared about getting drunk and getting a fast car and had I made 10,000 a month I would spend 15,000.  I just would have gotten drunk faster and my car and I would have went down in flames.

Now that I am older and have a grasp on how money works I understand that I should have looked at the baby steps before I decide on what color I want my new Bentley to be. 

What I am talking about is looking at realistic goals and having a measurable benchmark that can be achieved through reasonable means and without breaking the bank in the process.  Start small in other words.  $10,000 a month might not be a right-out-the-gate reality in the beginning.

Most prospects don't have a grasp of money beyond their own situation.  They will talk in terms of car payment, mortgage, utility bills, cable, insurance payments and having too much month at the end of the money.  As much as you would like to tell them about the millionaire potential they have they simply cannot appreciate it as they are so wrapped up in their own situation and have never been exposed to anything else.  How can you explain that they can earn more money in one week that they can earn in one month if they have never seen it for themselves?

These days when making a presentation I am very conscious of what figures that can be realistically earned at first.  Unless you are a sales and recruiting rockstar with pre-sold prospects following you around like an entourage then your won't make a million in your first month, however,  having an extra $200-$300 helps you sleep better at night.

Your first step to being a network marketing superstar is paying your basic business expenses: autoship, website, business cards, marketing materials, etc. When you reach this step you will ahve breathing room and more energy to scale up the business.  It's funny how momentum works.  An avalanche starts off as a snowflake.

From that point you can start re-investing your profits into your company.  Whatever worked for you to make the first dollar, keep doing it and keep pressing forward.  Once that first check is in hand then you can have more checks coming in the future.  Take a part of your profits and put back into the business.

When you are finally getting ahead, invest your remaining dollars or start paying off debt.  I personally suggest paying off personal debt first then start investing. Once you get debt out of the way you will really have breathing room.  How would it feel if your income from your business helped pay off your car loan, mortgage or credit cards?

It's not going to happen right away.  First you have to manage hundreds and be a hundred-aire.  Then you can make thousands and be a thousand-aire.  With all the hard work and investment you'll eventually become the MILLIONAIRE you deserve to be.

Saturday, May 2, 2015

Innocent Questions That Help Prospects Make Decisions - NOW!

I love Tom "Big Al" Schrieter's stuff.  He and I share the same personality type.  You can find his stuff here.

The following is an excerpt from his newsletter dated April 27, 2015.

I’m sitting across the prospects’ kitchen table. They are afraid to make a decision.
They’re thinking:

"We don’t want to make a mistake."
"What if we make the wrong decision?"
"Let’s think it over and delay any decision until we have to."
"What if we fail?"
"Maybe we should just take our time thinking about this."

And they’re thinking . . . and thinking . . . and thinking. Oh, if they would only make a decision, any decision, it would be wonderful. I could go home. They could get on with their lives.

But no. That would be too easy. The prospects insist on torturing themselves with indecision. They don’t realize that "not making a decision" is really making a decision to keep things just as they are.

For example, the train is pulling into the station. You don’t know if you should board the train or not. So you think, think, think . . . and soon, the train has already left the station. Your indecision actually made a decision:

You’re not going to be on that train.

You and I know this. Our prospects don’t.

Our prospects don’t realize that when they delay making a decision about our business, they are effectively making a decision to keep their lives the same.

And keeping their lives the same is okay. It’s just that they should be consciously making that decision.

So here are a couple of questions that you can ask your prospects. They’re innocent, non-aggressive questions. These questions will help your prospects make a conscious decision on what is best for their lives.

1. What will happen if you don’t join our business?

Of course the answer is:

"Nothing."

But you don’t answer that question. Let the prospects mentally answer that question for themselves. They’ll probably be thinking this:

"Life will be the same. Tomorrow will look just like today. We’re going to wake up early, commute to work, come back late, grab a quick meal, watch a few minutes of television and go to sleep. Yep, we’re going to go through this routine over and over again – until we’re too old to work."

Not a very pretty picture, is it? Now if the prospects choose to leave everything the same, if they choose to avoid your opportunity . . . that’s okay. They are making a decision. And that’s all we ask.

Want a few more questions like this? Try some of these to see if one fits your style.

2. If you don’t start your own business now, do you see yourself always working for someone else?

3. What do you think will happen next year if you decide not to make any changes this year?

4. Do you think your job routine (five days a week, two weeks of vacation every year) will ever change?

5. I see that you’re kind of stressing out about risking a change in your daily life. Why not just relax and enjoy your life as it is?

6. You don’t have to make a decision to start your own business tonight. Instead, you could simply make a decision to not start your own business and keep your present job routine.

7. You know, you might be thinking, "My daily routine isn't so bad. Maybe I’ll keep living this way." And that’s also a good decision. Do you think that might be best for you?

All of these questions remind our prospects that the pain of their problems won’t go away by putting off a decision.

So make it easy for your prospects.

Help them make a conscious decision about their future.

And remember, this technique is rejection-free.

We’re not attached to the outcome.

We’re not responsible for the decisions they make in their lives.

We’re only obligated to give our prospects the choices.

The rest is up to them.