Tag Archives: home based business

The One Thing You Must Have To Succeed Long Term in Network Marketing

After 10 years in network marketing and hitting the top position in at least 3 companies and sponsoring hundreds of people and having downlines of several thousand people. I can honestly look you in the eye and tell you that you have very little chance to succeed long-term in network marketing unless you get this one thing.  It took me 10 years and working in multiple companies to figure it out after having to rebuild my businesses multiple times and going broke a few times. In fact, I was able to get a check from one company for 3 years after I quit working it, and 5 years from another.  But the truth is by the time I got my final checks from both deals the checks were about 10% of what they were when I quit working the business.  That is not long term passive residual income.  It’s amazing I was able to collect a check for 5 years after I quit working it.  I don’t know too many network marketers who could admit to that one.

We all talk about building long-term passive residual income?  But is this possible?  I believe that it is, but only if your company has great products that people would buy without earning a check.  You see, when the downlines that I built prior slowly went downhill and eventually quit paying me.  It wasn’t necessarily because of my people.  It was because most of the people ordering products each and every month were like me – they were simply buying the products so they could earn their commissions.

You see, only about 20% of all people in any network marketing company are earning any money on a monthly basis.  The other 80% aren’t earning any money and when the company charges more for their products than what you can pay for it at the store, guess what? Yep, people go back to where they bought the product before for a fraction of the price.   In many cases the company is selling products you would never buy unless you were in the business (brain fuel, colon cleanser, toxin cleanse, etc).  I never really understood why network marketing companies would charge so much for their products when unlike retail, they have really no advertising or distribution channels, wholesalers, resellers, etc…  Wouldn’t it make more sense that their products should be of better quality and cheaper?  I honestly can say a few years back I actually met with an owner of a company who had a product that was made in China for $6 and then he was reselling to his distributors for $60.  If you understand profit margins, that’s unbelievable ROI (Return on Investment).  In fact, that is almost illegal.  Vegas, doesn’t even get that sort of return on investment.

The reason the prices tend to be much higher than retail in network marketing is that most companies re-ordering is done by the 20% who need to earn commissions.  The other 80% quit ordering eventually and this is why companies have to continually expand internationally as once they exhaust the 80% they have to go look for more 20% to keep the engine running.

So what is the one thing?  It’s really quite simple the goal of a company shouldn’t be to attract millionaire marketers and 20 percenters but to attract 80 percenters.  So how do you do that?  SImple, you don’t build your business model based on churning and burning.  You build your business just like Apple, Ford, Microsoft, and many other great American Companies were built.  You build your company with a focus on making a better product/service than whats in the marketplace.  In other words, you invest, you innovate, and you continually make better products.

Finally, you make your products affordable enough so they compete with whats on the shelf and that is how you keep the 80% and that is the only way you can ever make and keep your money in network marketing and quit working your business eventually one day and not have to worry about your checks dropping every month like what happened to me.  So my advice is to join a company that has great products that are affordable enough that people keep buying them whether they are earning a check or not (The 80%).

This is in my opinion why you will never be able to build a long-term passive residual income with most network marketing companies.

This article was posted by John Lowery
Skype: jtlmusic
Email: john@johnlowery.biz
Facebook – Facebook.com/johnloweryfanpage

 

5 Daily Things You Must Do To Have Success in Your Home Based Business

Succeeding in your home based business probably requires you to make a few phone calls every day – prospecting for business builders, and prospecting  for customers or posting on Social Media or writing a blog or article like this one.  In today’s blog, I want to share with you 5 things you must do on a daily basis to have success in your home based business.  In fact, these 5 things will almost guarantee you success in any business venture if you follow them daily.  These 5 things are probably not what you think about, but if you’re not in top physical and spiritual shape you will never be at the top of your game.

The 5 Things You MUST Do Daily To Have Success in Your Home Based Business.

  1. Prayer – if you believe in god or a higher power, I highly advise that you take a few minutes everyday preferably before you start your day and say a simple prayer – give thanks, ask for guidance, pray that god leads you to the right people for your business.  Get in the habit of doing this daily and your business will certainly grow over a period of time.
  2. Read – Take a few minutes every day and get in the habit of reading.  If you cannot read a book due to time constraints look for articles or quotes.  Just take a few minutes every day and read a few pages.  Challenge yourself to read 10 pages per day if possible. “Leader are readers.”
  3. Exercise – Take 30 minutes minimum per day at least 3 to 5 days per week and go for a walk, a run, or swimming.  Do something everyday to keep you in shape.  This will release endorphins that will make your day go so much better, plus it will build your immune system and help you to live a longer more productive life.  I personally try and surf at least 2 days per week and go to the gym 2 days per week and go walking or hiking the other 2 days.  In other words, Im getting exercise almost daily and it is so important for stamina and energy.  I’ve never personally met anyone who was super successful who didn’t exercise on a regular basis.
  4. Diet – Watch what you eat and eat at least 3 meals per day.  Learn about nutrition and make sure to get lots of fruits, protein, grains, and vegetables in your diet.  It’s almost impossible to get all of our nutritional needs through food alone, so make sure to supplement with vitamins.  Also, make sure to drink lots of water.  A good rule of thumb on water is to take your body weight and divide it into 2 (thats how many ounces of water you should be drinking per day).
  5. Rest – Studies now show that we all need around 7 to 8 hours of sleep per day.  Sleep is important and I know when I get 7 or 8 hours of sleep that I am much more productive throughout the day than when I only sleep 4 or 5 hours.  Make it a priority to get sleep and this will always put you at the top of the game when it comes to succeeding in your business.

I didn’t include this in my top 5 things you should do on a daily basis to have success in your home based business, but this should be on it – Meditation.  I have found that when I take 15 to 20 minutes per day and meditate that I not only slow down time but that I operate from a more heart-centered place.  It connects my spirit to my higher power in such a way that I feel contentment and serenity.  If you have never meditated before, but would like to, I highly recommend that you go to youtube and search for guided meditations.  This is a great way to kick off your day, every day.  Get in the habit of incorporating all 6 of my tips or a few into your daily activities and I can almost guarantee that you that you will not only grow as a person, but your business will grow too.

 

5 Things You Need to have – To Find Success in Network Marketing

I recently came across an article in a magazine that my company provides on the topic of 5 elements you must have to be successful in network marketing.  In this article that was written by John Haremza author of “Right or Almost Right” he goes on to share that the 5 elements you must have are the following:

  1. The Company (Leadership, debt-free, profitable).
  2. The Product (is it easy to share and something you or others would benefit from).
  3. The compensation plan (does it pay out well as much as 50% or better)
  4. The timing (is the company growing, dying, or staying the same – you want to be with a company that is growing and hopefully beyond the $2 Million a month mark).
  5. The Training (Does the company provide free ongoing training calls, and events to plug into.)

Those are the 5 things you are looking for in your opportunity or any opportunity if you want to be involved in network marketing (direct selling, mlm, home based business).

To learn more watch my video below.

5 Things You Need – How To Be Successful in your Network Marketing Business

If your company is missing 2 or 3 of the 5 above elements no matter how good you are – you are going to struggle in building your business.  If you are open to another opportunity, not growing where you are, struggling, or just simply need some coaching feel free to reach out to me at john@johnlowery.biz