Category Archives: Training

The Law of 10%

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The Law of 10%

One of my mentors shared the law of 10% with us the other day. In fact there are really 4 laws that you should know of if you want to be successful in your network marketing business.

The law of 10% states, if you show 10 people, you will get 1. That’s it, if you show 10 you will get one. However, this law is coupled with the law of large numbers, meaning that you may need to show your business to 100 people to get 10.

What this law meant to me was that I did not have to be very good in my business for the law to work. What I mean is that I just had to be consistent and continually share my business opportunity. Continue reading →

THE POWER OF RESIDUAL INCOME IN NETWORK MARKETING

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In network marketing you might not make a lot of money right away, but as your team continues to grow each month, and the sales volume grows, so does your MLM “Equity”. In fact, even if it takes you 5 years just to earn a $1000 per month in passive income, it’s a pretty good deal.

• To earn $500 per month in passive income from an investment earning a 6% annual percentage rate, you would need $100k saved.

• To earn $1000 per month in passive income from an investment earning a 6% annual percentage rate, you would need $200k saved.

• To earn $2500 per month in passive income from an investment earning a 6% annual percentage rate, you would need $500k saved.

• To earn $5000 per month in passive income from an investment earning a 6% annual percentage rate, you would need $1,000,000 saved.

In other words, you would have to save $200k over a 5 year period to earn $1000 per month in passive income. Most people simply cannot afford to do that. Can you? Continue reading →