I've seen a huge increase in ads relating to Network Marketing Companies where your sponsor promises to build your downline. I am sure that some of them are on the shady side. That's the way it is. However Maglia Emre Can , I have personally seen some very respectable companies which allow the technique.
First: a bit of history.
Traditional Network Marketing Companies have used the term "tap root" for years. It refers to your best downline leg. Often, your sponsor will help you build this leg. It is called a tap root since it is supposed to anchor your business; hopefully supplying the nutrients (cash) needed to break even. In the meantime, you take the knowledge you are gaining by watching the work that is being done on your tap root, and establish additional legs. The additional legs provide the excess cash you want in order to improve your lifestyle.
Next: the Internet. How has this tap root idea been applied?
Commonly Maglia Mario Mandzukic , you sign up for a program. You are placed at the bottom of one of your sponsor's legs. Additional prospecting by your sponsor andor their upline places people under you. In most cases you do not even know the people being placed under you. However, as these new people buy products from the company, you get a bonus cheque. "Great! I'm getting rich and all I'm doing is buying product and watching my upline add more people!"
Not so fast. Study the compensation plan. Do the calculations. You will probably find out that you max out at a bonus that is less than the cost of your required minimum purchase. You are at best getting a quality product at a discount. Big deal.
"Well then, how do I get rich?"
It's no different than the traditional model. You have to start new lines Maglia Andrea Barzagli , or legs. Yes, YOU. If you have a good sponsor, they will help you here as well. They may use your ID in some of their ads in order to give you a quick start. Same as it has always been. If they get you excited and do a good job of teaching you, you will eventually go solo. Then your sponsor can cut you loose and move on to another prospect. They have created some residual income. That is the goal Maglia Blaise Matuidi , right? Residual Income.
Now, one problem remains. How do you get those prospects that you require? Cold calling? Your warm market? Ads on Yahoo? Ads on Google or Overture? Ads in e-zines? That's another article!
I want to leave you with one other fact to ponder.
If you spend $6,000 promoting a web site and your opportunity, and you succeed in developing a basic $300 a month residual income Maglia Alex Sandro , what is your return on investment (ROI )?
Well, that $300 a month is (300x12) $3,600 a year. That works out to a simple interest rate of 100x36006000 = 60%.
How many of you have an investment that returns 60% ?
Have a great future,
Richard
About The Author
Richard Killey is webmaster of and publisher of the popular humour e-zine Maglia Douglas Costa , Jerry and Jenny Stories. He also helps people to begin making money on the net with little or nothing down. He can be reached at rwk@ In the last post I shared with you three more questions to ask yourself on your path to achieving your best year yet. Altogether here are the six questions presented to this point.
1. What did I accomplish in the past year? Or what did I accomplish in the last 12 months? You can start having your best year yet at any time.
2. What were my major disappointments?
3. What did I learn?
4. How do I limit myself and how can I stop? This question, to me, is one of the most challenging. You have to take a deep introspective look at yourself and come to an understanding of how you may limit yourself and how can you stop.
5. What are my values? As with the other questions, there are no right or wrong answers here. If is important to define your values. It will give you a mirror into how you conduct your business and your life. It will show you your priorities in how you accomplish things.
6. What roles do I play? This is critical. Identify all the roles you play in your life. Most people are fascinated when they discover all the roles they play?
In this segment Maglia Paulo Dybala , I will finish up with the last four questions. As I have shared in the last two posts, I do business coaching in The Woodlands and surrounding areas, including Houston. Not all business coaches offer the same types of services. I am definitely not the business coach for everyone. It is important that you interview your coach thoroughly and that they do the same for you. This is a collaboration. My practice includes not just the business, but the personal side. The two Maglia Cristiano Ronaldo , in my opinion are strongly linked and it is a must to address both areas in order for a client to achieve the success or results he or she desired. My role at times can be strictly as a business coach. Other times it can be more focused on self-improvement business coaching. And, when you put it all together it adds up to what is personal business coaching. All business coaching, in the end, is personal. It is about what you Maglia Sami Khedira , not the coach, is going to gain from the coaching relationship.
In striving for your best year yet, it is important to have someone to hold you accountable. This may be a coach or someone else. Regardless, when you have accountability Maglia Miralem Pjanic , you increase your odds greatly of achieving your goals.
On the road to your best year yet, here are the last four questions.
7. What are my goals for each role? You have defined the roles you play. Now what are the goals for each role.
8. What is my major role for next year? This is a great question because your answer guides you to where you will want to focus a large part of your time and energy in the coming year. And most importantly, it starts you on the path to creating priorities.
9. What are my top 10 goals for next year? This brings greater focus.