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Is MLM Just a Dirty Word

Is MLM Just a Dirty Word. …or a potentially fulfilling home-based business opportunity?. My MLM Story Kathy Paauw. Your Retirement Plan. 1. When would you like to retire? In ___ years 2. What’s your plan to achieve that goal?

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Is MLM Just a Dirty Word

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  1. Is MLM Just a Dirty Word …or a potentially fulfilling home-based business opportunity?

  2. My MLM StoryKathy Paauw

  3. Your Retirement Plan 1. When would you like to retire? In ___ years 2. What’s your plan to achieve that goal? 3. How much money do you need coming in monthly to retire comfortably? $_________/month 4. What’s your plan to receive that monthly income? 5. How much would you need to have invested at 6% return to generate the amount you wrote down in Question #3? (To determine this amount, multiply your answer by 200.) $______________ 6. How do you plan to accumulate that much money?

  4. WhyRIGHT NOW is the best time for Network Marketing • Born in the 1950s • In the 80's, Network Marketing was taboo. • Today economists & successful entrepreneurs write positively about this business model: Paul Zane Pilzer Jim Rohn ZigZigler Robert Kiyosaki Jack Canfield Donald Trump Brian Tracy

  5. Is this a Pyramid Scheme? http://www.youtube.com/watch?v=zZiw15VgWoI

  6. What Jack has to say about MLM… “Network marketing has been in existence for more than fifty years, and it isfinally earning the respect that it deserves. Today it is considered to be the bestbusiness model around for creating financialfreedom and lifestyle freedom. It isthe great equalizer—empowering anyone from anywhere, with any educationalbackground, and with any social, ethnic, and financial heritage—to build athriving business. The only limitation is how big one can dream.” --Jack Canfield Taken from the Foreword in The Music of Your Heart (Kathy Paauw)

  7. Network Marketing enables people to do part-time work receive full-time pay and lifetime benefits!

  8. Baby Boomers • Started reaching retirement age in 2011 • 78 million US baby boomers turning sixty-five between 2011-2031! • Retirement-age people are excited about network marketing opportunities! Replace lost retirement funds: work from home, set own hours • 50% of college graduates cannot find work in their field. • Emerging generation does not like the "corporate" model. • Lifestyle freedom is of high importance to this generation. • No special education or previous experience is necessary to do well. • Pursue passions while earning residual income. • Financial success = having your own business

  9. Recession & High Unemployment • In this economy, network marketing companies experience exponential growth. • Bad economic news for most people is good economic news for network marketers.  • People will come up with the money for the things they are interested in doing. People have money to spend.   They just need to believe that the offering is worth the investment.

  10. Global Appeal • Many countries around the world have unstable economies – network marketing offers a global financial solution (especially for women). • Other business models (franchise, traditional) require major $$$ to get started, no profits returned for years. • Start-up costs are low for network marketing (under $500)-no barrier to entry.

  11. Get-rich-quick? • The US Federal Trade Commission (FTC) can shut a company down if their distributors share income claims with prospects. • Most claims create unrealistic expectations that are usually not met. • 95% of people don’t make any money in MLM. Why? Because they quit orkeep switching companies before they generate a profit! Win a trip! Fast money! Win a BMW!

  12. 8 Success Factors in MLM #1. The company you choose needs to be the right fit for you. Be passionateabout what you have to offer, either because of the productor because of the offer itself. • What makes your heart sing? • How can you incorporate that into your life work?

  13. 8 Success Factors in MLM #2. Be clear about your financial goals. • Pay for your own product usage? • Generate a few hundred dollars extra? • Have a Plan B that will enable you to quit an existing job or retire? • Create lifetime residual income that will enable you to enjoy financial and lifestyle freedom, even after you stop working? • Provide an asset that gets passed down to your heirs? Understand enough about the compensation plan to be sure that it meets your financial goals.

  14. 8 Success Factors in MLM #3. Create a culture and a community with attributes and values that attract others: • Integrity • Authenticity • Encouragement • Recognition • Empowerment • Generosity • Respect • Kindness • Friendship • Fun

  15. 8 Success Factors in MLM #4. Be clear about why business success is important to you. • What’s your WHY? (the why thatmakes you cry) “People don’t buy what you do; they buy why you do it. The goal is not to do business with everybody who needs what you have. The goals is to do business with people who believe what you believe. What you do serves as the proof of what you believe.” -Simon Sinek

  16. 8 Success Factors in MLM #5. Be a student of personal development. “Network marketing is much more than a business model. It is a way of life.Those who get deeply involved in building a network marketing businessundergo one of the most rewarding andchallenging personal developmentexperiences they’ll ever have. As the business grows, onelearns that there are nolimits on us except the ones we impose on ourselves. That’s why the emphasison personal development is so important.” --Jack Canfield Taken from the Foreword in The Music of Your Heart (Kathy Paauw)

  17. PERSONAL DEVELOPMENT TIPS… “Youaretheaverageofthe fivepeopleyouspend themosttimewith.” —Jim Rohn PERSONAL DEVELOPMENT TIPS… The quality of your RELATIONSHIP with SELFand OTHERSis critical to your success! “Surround yourself only with people who are going to lift you HIGHER.” -Oprah Winfrey

  18. 8 Success Factors in MLM #6. Be disciplined! • Discipline yourself to do the right activities consistently, over time, and teach others to do the same. • Do what you are committed to do, whether you feel like it or not. Do what you don’t feel like doing NOW, so you can feel better LATER. “Discipline is the BRIDGE between GOALS and ACCOMPLISHMENT.” –Jim Rohn

  19. 8 Success Factors in MLM #7. Never quit on a bad day. Less "skin in the game" = easier to quit when disappointed Shutdown #1: People you are certain will be your best prospects have no interest in what you have to offer. Shutdown #2: You are certain that a new team member you just sponsored is going to be a big business builder. They’re very excited and talk about plans to build a huge team. Suddenly they disappear and won’t even return your calls. Shutdown #3: You will hit plateaus as you build your team. (Kody Bateman, MLM Blueprint) Understand the law of averages!

  20. 8 Success Factors in MLM #8. Be responsible and do whatever is necessary to take care of your basic needs while you are building your business, so desperation does not creep in. Desperation kills opportunity!

  21. When can I quit my day job? Network marketing is designed to be worked as a part-time business until you get it going. Remain gainfully employed until you can meet these four conditions: • You are covering your business expenses, including your own product purchase, personal development costs, and travel to team and company events. • For at least six consecutive months, you have generated enough income from your MLM business to meet the basic needs of you and your dependents. • You have paid off all debt (exception: affordable mortgage on your home). • You have enough cash reserves to support you and your dependents for at least six months in the event that something unforeseen happened.

  22. Would you rather … • Do 40 years of hard labor to help your boss be rich, OR create your own residual income? • Set a daily alarm and drag yourself to work when you’re still tired, OR wake up whenever you’ve had enough sleep? • Have someone else tell you how much money you can earn, OR decide how hard you choose to work and how much you’ll earn? • Have limited time with family and friends, OR enjoy the freedom to do what you want, when you want, where you want & with whom you want? • Toil away at a job you have no passion for, OR do whatyou love? • Have a few weeks of vacation a year on someone else’s schedule, OR vacation whenever, wherever and however often you want?

  23. Path to Freedom • Design your schedule and activities according to what makes your heart sing. • The WHAT and HOW of running your business is built into the network marketing model. • You have incredible freedom withWHEN, WHERE, & WITH WHOM youbuild your business. “Always be a first-rate version of yourself instead of a second-rate version of someone else.” -Judy Garland

  24. “My boldest dream is to free millions of people from a life of limitation, helping them to achieve financial and lifestyle freedom while sharing their gifts and talents in a way that makes their heart sing.” -Kathy Paauw Path to Freedom

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