How Not to Create Multiple Streams of Income

I just read an article by an mlm guru. The guru stated he believed in multiple streams of income because at least four mlm companies had failed him in the past. Did you get that? Four network marketing companies failed him. In fact, he said that the owners of the first company he joined were not the type of people he wanted to be associated. His second company was a start-up company that ran into legal issues after the very first year. He only joined that company because of their proprietary, cutting-edge products. The third company switched from multi-level marketing to direct sales, thus, eliminated the multi-level compensation plan and thereby cutting their commission checks by 90%.

For this reason, he always has more than one network marketing business going so as not to put his eggs in one basket.

His experiences are not unique to network marketers unless they have a crystal ball. Okay, there is no such thing as a crystal ball. Oh really. I beg to differ. The Mentoring For Free Training & Education System is just that. Mentoring For Free teaches you exactly how to know that you know that you know if a network marketing company will fail you. We teach you how to determine if the mlm company owners have integrity (a company that changes from mlm to direct sales does not have integrity.) We teach you why to never join a start up company (too risky as most start-ups never survive past two years). We teach you that having proprietary, cutting-edge products should not be the main reason to join a company. While I agree with him that nothing is ever 100% guaranteed, there is a way to know if you at least have a chance to create residual income in a work at home business that will last for years to come.

These are only a few things we teach at Mentoring For Free.

While I believe in multiple streams income, I don't believe you should have more than one mlm business at a time. If you do, where do you focus. If you do, which product or service do you promote. If you do, will anyone take you seriously? Our heavy-hitter guru feels that all you need to do is use an automated downline builder to generate leads and sell your products and/or enroll your new distributors. Then all you have to do is focus your energy on training your new affiliates after they join you in business. He hasn't realized that network marketing is a relationship business and people generally do business with people they know, like and trust.

What about you? How do you feel about multiple streams of income? As I mentioned, while I believe in multiple streams of income, working more than one network marketing business is not how to create those multiple streams.

Be empowered to prosper!

Irma L. White

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

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.

How to Stop Bargaining with Life for a Penny

As I mentioned in a previous post, your desire must become a burning obsession. So, the big question is "How do you develop a burning desire??" Here's what my friend, Sarah Thompson, shared on the weekly Mentoring for Free mastermind call.

1 Take full responsibility for where you are or are not.

2. Look inside you and find Your why. (Read Chapter 2 in Success in 10 Steps to help you develop it.)

3. Burn Your bridges (DO NOT STOP YOUR income). First plan the day and then take action to achieve your desire.

4. Fill your environment with desire boosters. Make a vision board, a dream board - create images of your desire. Mastermind with like minded people - commit to be here every week. Do whatever it takes to make new friends who will help you keep your commitment.

5. Feed your mind with positive empowering information on a daily basis.

6. Stop all negative incoming data ALL of it. (News, Newspapers, Gossip, etc.)

7 Develop your self talk.

8. Take action NOW. !!!!

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.

Are You Bargaining with Life for a Penny?

Each Wednesday, my mastermind group reads a chapter of Napoleon Hill's 'Think & Grow Rich." Here are highlights from Chapter 2, Desire - The Starting Point of All Achievement.

1. Have a definite burning desire backed by plans;

2. Everybody wishes for money. But, the accumulation of money can not be left to chance, good fortune or luck. There has to be a burning desire for it. There must be a money consciousness.

3. Whatever your desire, stick with it until it becomes a burning obsession. The method by which DESIRE for riches can be transmuted into its financial equivalent, consists of six definite, practical steps. (Listed in the chapter);

4. Stake your entire future on the ability to get what you want. Burn all bridges 'cause it's win or perish;

5. Be a dreamer. Remember, a dream comes through a multitude of activity (Ecclesiastes 5:3) Dreams are not born of indifference, laziness or lack of ambition. They don't come by a multitude of words. There is a difference between WISHING for a thing and being READY to receive it. No one is ready for a thing, until he believes he can acquire it. The state of mind must be BELIEF, not mere hope or wish;

6. Be tolerant and open-minded. They are practical necessities of the dreamer today, thus, translate your dreams into organized thought. Open-minded is essential for belief. Closed minds do not inspire faith, courage, and belief;

7. Life will yield what you demand. If you bargain with life for a penny - that's what you'll get. No more effort is required to aim high in life, to demand abundance and prosperity, than is required to accept misery and poverty. Our only limitations to receive abundance are those we set up in our minds.

If you are a tolerant, open-minded dreamer with a desire to succeed in network marketing, the Success in 10 Steps ebook will help you organize your thoughts. It was written by my good friend and mentor, Michael Dlouhy. He has 30+ years in network marketing, and is currently, actively today using what he teaches to build his own solid mlm business. Therefore, it is not the superficial or elementary knowledge you will find in other places (often with a heavy price). The Mentoring for Free System will help you devise your plan and learn the required skills to follow Michael's footsteps. The mastermind group will help you turn that desire into a burning obsession.

For a free audio on how to turn your whimsical fantasy into a burning desire, or to inquire about joining the weekly mastermind group, contact me. I am more than happy to help you.

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.

Do You Have Network Marketing Staying Power?

Finally I finished the requirements to enter my quilts into an upcoming quilt show. Boy, was that tedious. Each quilt needs several things to be be ready for entry into the show: 1) a sleeve on the back so it can be hung, 2) a label to identify it (the label is like its birth certificate), 3) its own cloth bag or pillowcase, and 4)the bag must have the entrants name on bag. And, of course, each entry needs to be submitted on a separate form. All of that after having already spent hours upon hours to make them in the first place.

Okay what does that have to do with network marketing? Well, just like in network marketing at times I was frustrated. Like network marketing, it started off fun and exciting but then reality sunk in -- this is work. I didn't have a realistic expectation of the process and it was more work than I bargained for and the results took longer to accomplish than I initially thought. But, if I wanted the satisfaction of showcasing my projects, I had to complete the process.

At times I thought, is it worth it? Do I really want to do this? But then, I saw my quilts on display at the arts center. I felt the joy of sharing my creations with people who would appreciate them.

So it is with network marketing. You have to know where you're going and see the end result. You have to know why you're doing what you're doing. You have to be willing to put in the work -- yes, WORK. It can be frustrating at times and you may wonder is it worth it. But, then you remember your why. Your why will keep you sticking with it. Your why will keep you motivated and drive you to action.

If you have never taken the time to think about "why" you are a network marketer, take the time now to do so. Your why will give you staying power and keep you in the game. As my good friend and mentor, Michael Dlouhy, says in Success in 10 Steps, your why is critical to your success. You need a strong written why to stick around long enough to be successful in this business. So, get serious, find your why. Chapter 2 will help you pinpoint it.

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.

Pentacle Leader - What is Is?

If you're attempting to build a home business, you need solid Pentacle Leadership for success. Find a Mentor. You must have a mentor to be a mentor. You want a mastermind group of like-minded people who want YOU to succeed. You want up-line support available when you need it.

Pentacle Leadership means Michael mentoring Irma, Irma mentoring Lidie, Lidie mentoring Diane and the people Diane will mentor is endless. THIS type of leadership creates your mastermind group.

Want to make a Million Dollars?

Mastermind with Millionaires!

Consider this VERY carefully: For most people, their yearly income is the average of their 5 closests friends.

Do YOUR 5 closest friends have what you want? If not, why would you EVER listen to their opinions on business?

How do you develop this line of Pentacle Leadership? Start with the Success in 10 Steps book. If you don't have your mastermind group, feel free to plug into mine anytime.

Be empowered to prosper!

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

This information was taken from Chapter 1, in Success in 10 Steps.

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

What is Your Freedom Factor?

When are you financially free? You're financially free when you're living your dream lifestyle without having to work or rely on anyone else for money. It's when you are free to do what you want, when you want, with whom you want.

What is Your Freedom Factor?

Don't know? Try this!

1. When would you like to be financially free?

In one year
In two years
In five years
In ten years

Great! What's your plan to achieve this goal?

2. How much money do you need monthly to be financially free?

$1,000
$2,000
$5,000
$10,000 or more

Great! What's your plan to receive this monthly income?

3. Multiply your answer from Question #2 by 200*. This is the amount you need to invest at 6%interest to receive your desired monthly income.

$ ___________x 200 = $

Great! What's your plan to accumulate this money?

So, what is your freedom factor? It's your answer to Question #3. Your Freedom Factor is "The Factor" that allows you to "Own Your Life". In this case, your Freedom Factor is the amount of money you would need invested in real estate, in the bank, in the stock market, etc. in order to become financially free.

POP QUIZ

Q. How much money would you need to save every month, over the next 5 year, to save $1 million?

a) $160
b) $1,600
c) $16,000
d) $160,000

Answer: C

"Can you save $16,000 every month?"

That's $16,000 a month after you pay for food, gas, utilities, credit cards. After you pay your mortgage or rent, car payment, insurance, etc.

The $1 million you saved would give you a royalty income of $5,000 a month ($60,000 a year). Whether you went to work or not, you'd get that money.

Here's the Good News. Some people have found an easier way to create $5,000 a month ($60,000 a year) in royalty income. Would you like to find out how?

Be empowered to prosper!

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

Info taken from Freedom Magazine Volume 1, Issue 3

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