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Article Description: ==================== If you believe in the linear income model of "trade your time directly for money," no matter how much you earn per hour, day, week, month, or year, your earnings will always be limited by the number of hours you're willing or able to work. Additional Article Information: =============================== 1569 Words; formatted to 65 Characters per Line Distribution Date and Time: Fri Mar 24 02:01:06 EST 2006 Written By: Michael Duffey Copyright: 2006, All Rights Reserved Contact Email: mailto:[EMAIL PROTECTED] Article URL: http://thePhantomWriters.com/free_content/d/d/you-are-not-an-elephant.shtml For more free-reprint articles by this Author, please visit: http://thePhantomWriters.com/free_content/d/index.shtml#Michael_Duffey --------------------------------------------------------------------- You're Not an Elephant - Don't Settle For Peanuts! Copyright © 2006 Michael Duffey, All Rights Reserved Rich Dad Six http://www.RichDad6.com Are you getting paid what you're worth? If you believe in the linear income model of "trade your time directly for money," no matter how much you earn per hour, day, week, month, or year, your earnings will always be limited by the number of hours you're willing or able to work. There is a better way! Unfortunately we've been conditioned since birth to believe that getting a conventional education and finding a job or career is the only pathway to success. But, you don't have to look far today to find many sad examples that disprove that theory. "Job Security" is a thing of the past and after decades of sincere effort, many more people retire near the poverty level than retire "financially independent." As Napoleon Hill said in "Think and Grow Rich," - the most powerful personal development book I've ever read - "If you can conceive it, you can achieve it." (I'd be happy to gift anyone with an email address an online version of that masterpiece. Just contact me and ask for it.) Very few people understand that the business model for network marketing offers almost unlimited potential for anyone willing to learn and apply a few critical strategies that are the keys to success. Because of these "3 Millionaire Secrets," some people on my team have created streams of ongoing passive recurring income of $5,000 - $10,000 per week - in less than 2 years! Many others are delighted with monthly incomes in that range. The important point to appreciate is this: They could all walk away today and go travel the world, lay on a beach, or retire to a deserted island, and their income will still be coming to them 10 years from now. That's financial security! And when they pass away, it will be there as an ongoing legacy to pass on to their children's children, other loved ones, or their favorite charity. Is YOUR current financial plan doing as well? If you're serious about LONG TERM significant income or financial security, it's critically important to understand the MLM business model. Then you have to know how to pick the RIGHT company and the RIGHT compensation plan. But, MLM compensation plans can be complicated and confusing. Very few distributors or home-based entrepreneurs truly understand them, so they end up working for peanuts. If you're not an elephant, don't settle for peanuts. Below are THREE SIMPLE KEYS to understanding really GREAT compensation plans. All compensation plans have some pros and cons, and we all have our favorites. Different personalities are attracted to different plans. And, depending on your personality type, some plans will be impossible for YOU to be successful with. But that's another article. If you have an interest, just ask me for more information on the "Four Colors to Success." With the RIGHT company and compensation plan you do NOT have to be a "super-recruiter" to create lifelong financial security. All you have to do is learn and apply a few simple secrets. Then just teach one other person like you who is willing to do the same. Repeat this simple process a few times and watch the magic begin! The BOTTOM LINE with comp plans should always be, "What kind of LONG TERM RESULTS will it produce for ME?" - not for the company. Many comp plans are deliberately designed to produce good results primarily for the company and a few "heavy hitters" at the top, not for the rank and file distributors. Answering THREE SIMPLE QUESTIONS below is the best way to simply and accurately evaluate or compare ANY comp plan. Many companies may do well in one area. But the important KEY is to... Find a company that does well in ALL THREE AREAS! 1) How many customers does it take (in your ENTIRE organization) to make "X" dollars/month - every month - whether you work or not? We're talking about PASSIVE, RECURRING, ONGOING, RESIDUAL INCOME here folks, not "trade your time directly for money" or "make a quick one-time commission from a sale." Understanding and applying this important principle is one of the "3 Millionaire Secrets" that allows you to spend your TIME doing whatever is important to you. You have to fill in the "X" dollar amount above that is important or realistic FOR YOU. It could be only $500 or $1,000? But, using $10,000 as an example, there are great companies where you can earn $10,000/mo. with less than 400 people in your entire group. There are others where you need 1000 - 2000 - 5000 or more! Using COMMON SENSE, if you understood this and everything else was equal, which would YOU choose? Can you see how there could be HUGE difference in the EFFORT or TIME it may require for YOU and other members of your TEAM to reach a given dollar amount of income? But, most distributors have never stopped to calculate this important number. 2) What percentage do you make on your own personal customer purchases? Customers are the lifeblood of any legitimate business. Many shortsighted or "pseudo" network marketing companies and distributors ignore this crucial UNIVERSAL TRUTH and focus only on recruiting more distributors. That business model will eventually "crash & burn" every time. With the RIGHT company and compensation plan, some people who aren't interested in building a large organization, or aren't good at it, can still make a decent income just gathering customers. But the company has to reward everyone fairly and offer incentives for customer acquisition. Eliminating the unethical and usually illegal "money games" from this comparison, the best compensation plans with legitimate companies pay as much as 40-50% commissions on individual customer purchases - and still offer great value to their customers. Others may pay LESS than 10 - 20%, and do not offer any better value to the customer. If you're wondering how this is possible, I'd be happy to explain it. Please contact me directly and I can send you information or point you to a website about successful "forward-thinking" and "streamlined" business models. Again, can you see how a difference in just this one area can have a HUGE IMPACT on YOUR profit potential? But once again, few distributors factor this important element into their decision- making process. 3) What percentage of TOTAL VOLUME in your entire organization will you be paid? In other words, if you added up all the products purchased by the people you introduced, and the people they introduced, and the people they introduced, ad infinitum, what would YOUR PERCENTAGE of that TOTAL VOLUME be in commissions? Have you ever calculated this number for your current or previous favorite company? It may be a shocker! Some VERY good plans may pay in the 10 -15% range. Some good ones may pay in the 5 -10% range. Some of the really bad ones pay a lot less. In some compensation plans much of the volume you SHOULD get paid on ends up outside your "pay leg." Where does it go? It usually flows to the company through something called "breakage." Of course, every company has a "sales pitch" explaining why their comp plan is so great. Using common sense and answering the 3 questions above will separate the wheat from the chaff. The three numbers above are easy to calculate once you've started building in a company. But they're not always easy to get beforehand. Many distributors have no clue how important this simple information is and may have never given it much thought. Others may not be anxious to share the truth, and some may selectively skew their numbers to help "get you into their deal." Can you see how knowing this information before you "marry" a company, could have a HUGE impact on YOUR personal profit potential and your happiness in that "marriage?" Unfortunately, most distributors make emotional decisions to get involved with a company based on all the wrong reasons, instead of objective analysis of important facts. Once a decision has been made, most people find ways to rationalize it rather than objectively consider the possibility they may have made a poor choice. If you're an elephant it's easier to accept peanuts and fairy tales from your trainers than to risk stepping out of your comfort zone to see what's outside your cage. There are several critical factors that go into making good business decisions. Great products are important, but they're not the only things. The fact that your best friend is involved, or that the company has some celebrity endorsement, rarely has anything to do with making the best choice about YOUR future financial security. Do your best to answer ALL THREE questions above before you join ANY company. If you are in a company already, run ALL THREE NUMBERS ABOVE for yourself. It may be GOOD NEWS or it may be BAD? But, you need to know the truth. Potential partners who are smart will be asking those hard questions. Your HONEST answers WILL impact your business and your level of LONG TERM success. Although compensation plans are very important, they are only one of the "5 Pillars to Success." If you have an interest in living your dreams or achieving uncommon lifelong success, I'll be happy to freely share important information on ALL "5 Pillars." All you have to do is ask. Wishing you lifelong... Good Health, Wealth, Financial Security, Happiness, and FREEDOM. ----------------------------------------------------------------- Copyright Mar. 2006 by Michael K. Duffey - All rights reserved. No part of this may be copied or used IN ANY FORM, without the express WRITTEN consent of the author. ----------------------------------------------------------------- --------------------------------------------------------------------- Mike Duffey is a Success Coach, Small Business Consultant, and veteran network marketer. He shares ALL his "Crystal Ball" secrets for LONG TERM success at: http://www.RichDad6.com He can be reached at his home office near Green Bay, Wisconsin at: 715-758-7550 (8am-8pm CT) or at his 24hr Toll Free Msg. Center: 877- 832 - 7487 (US & Canada only). His T.E.A.M. offers Generic FREE Coaching, Training, and Mentoring. FREE Coaching site is: http://www.RichDad2.info Invaluable FREE e-book written from 26 years of real life experience available at: http://www.RUwealthy.info This one book can literally save you years of frustration or failure. --- END ARTICLE --- ..................................... 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