Showing posts with label homebasedbusinesstraining. Show all posts
Showing posts with label homebasedbusinesstraining. Show all posts

Tuesday, August 4, 2009

Are You Being Promised Spillover?

I received the following from my friend and mentor, Michael Dlouhy. Michael has been in network marketing for over 30 years thus he knows the ins and outs of the industry. He is like E. F. Hutton, when he talks, people listen and I hope you do too. Well, if not listen, at least read what he has to say.

Beginning of Michael's letter:

A caller recently told me he's joining an MLM company because they promised him spillover. I said, "They are lying to you!"

The guy called me back later and said, "I point-blank asked them if I'd get people put underneath me, and the guy said, Well, we can't guarantee that.'"

Spillover - Creating a Welfare Mentality

Good people don't want welfare. They want to build it themselves. They just want to learn the skills they need to build this business and create residual income, money that's coming in week after week, year after year, and they can will it to their children's children.

When you look at a lot of network marketing websites, you often see that word "spillover." The proposition, more or less, is, "get in now, today, and you'll get all this spillover."

In 27 years, I have never, ever, ever seen anybody get spillover, having somebody build it for them.

And if you look closely at the compensation plans of the companies that promote spillover, you'll find out that those who get spillover usually don't get paid on it. There are other hoops to jump through to get paid on that spillover, and these people rarely ever qualify.

So it's the person who actually does the work who gets the pay what a novel idea!
Companies & reps use "spillover" as a tool to drag in people who think they can build a business without doing any work. In other words, no sponsoring, no recruiting. It targets that type of person.

When You Say "Spillover", You Are Targeting Quitters!

When you see a network marketing company that promotes spillover on their website, they're looking for welfare-minded people. The problem for you is, you can't build with these people, unless YOU do all the work! That's what they expect. And when you don't build their business, they'll be off somewhere else, looking for a better welfare plan.

So really, when you or your company promote spillover, you are targeting people who will not be with you long-term. And in network marketing, that makes absolutely no sense. The failure rate will be 100%.

And Here's Why The Leads You Buy Tell You To Go Pound Sand!

The quickest way to build a huge list is to offer the moon and require nothing (no money, no work, no purchase) in return. You'll see companies promoting "we've signed up more people faster than anybody else in the history of network marketing." Problem is, there's nobody ordering any product. It's just a bunch of names on a list - but now they can call these people "network marketers."

Then they turn around and sell this huge database of worthless names (an "MLM genealogy list") For $10,000 each to 10 different list brokers. BAM! That's $100,000 profit! And then the list brokers sell these "leads" to all the people in network marketing who want to build their business - including YOU!

So you pay $2-$3 a lead for these people, you call them up, and they tell you, "Hey! You are nuts! I've never been in network marketing!" They don't even know what it is. They just opted in to some pie-in-the-sky list, hoping to get something for nothing.

Conclusion? Run like heck from any company focused on "spillover" - and ALWAYS generate your own leads.

End of Michael's letter.

Don't know how to generate your own leads? Find out here. You will not only learn how to generate your own leads but will learn what to do with them because you will also learn the skills needed to build this business and create residual income.

Be empowered to prosper!

Irma L. White
A Mentor with a Servant's Heart


If this information was helpful, click here for more free network marketing training, strategies, tips and resources to help you reach your business goals.

Tuesday, August 5, 2008

The 10/90 Rule -- The YTB Story

In a previous article, I explained the 10/90 rule as "the first 10 percent of time that you invest in finding out the underlying laws, principles, rules, methods, and techniques of successful action in any field will save you 90 percent of the time and effort required to achieve your goals in that area."

Well, I just read a press release by the Attorney General of the State of California. It exposed a "gigantic pyramid scheme" by a very well known network marketing company -- YTB. This is what can happen when the 10/90 rule is violated. Michael Dlouhy of Mentoring for Free and Rod Cook of the MLM Watchdog and many others who have done their due diligence and invested the time learning the industry saw this coming and have been warning about this for years.

If you have not invested the time to find out the underlying laws, principles, rules, methods and techniques of successful action in network marketing, this may very well be the perfect time to do so. Get started here.

Be empowered to prosper!

Irma White
A Mentor with a Servant's Heart

Monday, August 4, 2008

The Laws of Success -- Are You Violating the 10/90 Rule?


As Featured On Ezine Articles


What is the 10/90 rule? The rule is simply "the first 10 percent of time that you invest in finding out the underlying laws, principles, rules, methods, and techniques of successful action in any field will save you 90 percent of the time and effort required to achieve your goals in that area." Another way of putting it is this: You have to sharpen the ax before you chop down the tree.

I first learned of this rule from Brian Tracy in his book "The 100 Absolutely Unbreakable Laws of Business Success." If you have been on a quest for personal development for any length of time, you are probably familiar with Brian Tracy. He is one of the leading authorities on the development of human potential and I have learned a lot from him.

As I mentioned, I learned about the 10/90 rule from him. When I first read about this rule, it made me think about my network marketing career. For many years I attempted to build a network marketing business. And, I hate to, but must admit, I failed miserably. But, after understanding the rule, I know the reason I failed was simply that I took no time (let alone 10%) to find out the underlying laws, principles, rules, methods and techniques of successful action in the network marketing field. Notice, I didn't find out the successful action. I primarily listened to the thoughts, hype and opinions of those who themselves had never taken the time to investigate how to be successful. Does that remind you of the blind leading the blind?

Well, that is how it was. But, that is not how it is now. I have invested the time needed to find out the underlying laws, principles, rules, methods, and techniques of successful action in the network marketing field. I have gotten educated about this wonderful industry. By doing so, I have saved myself the 90 percent of the time and effort required to achieve my goals. I am no longer blindly following behind the blind. Investing the time to get educated has saved me from falling into the traps I used to fall into. I am now successfully building a solid home business around practical, proven techniques that work.

If you find yourself feeling frustrated and overwhelmed in building your network marketing business, there can be many reasons for that. So, if you desire to stop wasting time, I offer you a proven system to help you implement the 10/90 rule. This system is working for me and so many others and, if you work it, it will work for you too.

Click here to begin investing the time to find out the rules of success in network marketing.

Be empowered to prosper!

Irma White
A Mentor with a Servant's Heart

If this information was helpful, click here for more network marketing strategies, tips and resources to help you reach your business goals.