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Book Summary: Unlimited Wealth – Theory and Practice of Economic Alchemy by Paul Zane Pilzer

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The basics of economics are supply, demand and scarcity. Economics best describes how to divide these scarce resources up amongst a growing population. Paul Pilzer takes a very different approach to Economics. He believes in Unlimited Wealth and shows examples of why technology and human ingenuity are the keys that unlock that wealth.

Why is this important to me?

I am not doing this summary to waste your time. It is my vision to provide concise action steps that you can adopt right now to enhance your financial life. Paul Pilzer writes of unlimited wealth creation. His spin is Alchemy is the creation of wealth while Economics is simply the method for moving it around.

I am really intrigued by the concept of unlimited wealth creation. If you look at human progress in free societies, the real difference has been in creation. Commodities and resources are in fact finite but the way we use them is what is unlimited. The ideas are unlimited. An acre of land today produces far more food than an acre a generation ago.

Unlimited Wealth discusses several major topics. For the sake of time, I will review the salient points outlined by Paul.

1. Supply Side Alchemy – The Wealth Equation: W=PT^n – This equation means – W (Wealth) = P (Physical Resources) x T (Technology) to the nth power where n is the effects of the technological advances. The expansion of physical resources depends on the technological advances. Supply side Alchemy consists of three laws. The key to this equation is what Paul calls the third law of Alchemy – The rate at which a society’s technology advances is determined by the relative level of its ability to process information. Let’s look at how society has progressed based on the third law of Alchemy. Humans figured out how to write, then the printing press was created, then the computer was created and purchasable by the average consumer. Now we have the internet, social media, search engines and everything else to share knowledge. The speed of information exchange is exponential hence so is our level of wealth.

2. Demand Side Alchemy – The demand side alchemy consists of the fourth and fifth laws. The fourth law states – By providing us with new products and processes that change the way in which we live, technology determines what constitutes a need, and hence the nature of consumer demand. In a nutshell, demand can be created by creating and innovating new products. Apple is on its way to be the first company to hit a Trillion dollar valuation. All of their products were created first and then the demand came from it.

3. Sixth Law of Alchemy – The immediate economic potential for an individual, an industry or society can be explained by examining the technology gap, the best practices possible with current knowledge, and the practices in actual use. This is important today because China and India are way ahead of the U.S. in terms of science and math. Technology strives on science and math and societies that adapt it faster will create wealth faster. This is where the balance of power can shift over time.

Unlimited Wealth is definitely a controversial study based on regular Economics theory. Since I am in the technology field, I agree with Paul that Unlimited Wealth can be created through technology and innovation. Products are being created right now that no market exists. Some of these products will fall flat while others will explode. Take a look at Facebook. This company came from nowhere and is now valued at over $50 billion.

I hope you have found this short summary useful. The key to any new idea is to work it into your daily routine until it becomes habit. Habits form in as little as 21 days. One thing you can take away from this book is scarcity is a negative mind set. I say this because if you believe in unlimited wealth creation then ideas will flourish.

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Source by Joe Mosed

Views: 0

February 1, 2020
A Review of Have More Money Now

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John Layfield’s book “Have More Money Now” which was published in 2003, caught my attention years ago when he had been on CNBC giving financial advice and even contributed to Fox News. John Layfield is also known as JBL, and was a professional wrestler; it was different seeing a professional wrestler in a suit giving a serious commentary about finances.

Layfield’s story is a little different. He never had to overcome being in debt, but he did go through many years of not having very much money. In fact there were plenty of times when he had no money. When he had to quit playing football he got into professional wrestling. However, wrestling for him was far from the glamour you see on television. He was paid $3.00 for one match when starting out. Sometimes he made $10.00 or $25.00 for a match. He gives a great account of the struggles he went through while trying to make it in the wrestling business.

John Layfield doesn’t mention in his book if he consciously made choices when he was younger that stopped him from accumulating debt. He just didn’t spend money he didn’t have. As he says many times in the book when referring to delayed gratification “have when you have”. If he had to live in a tent or go without heat he would do it. He only bought the necessities he needed with the money he had. Many of the promotions he worked for would provide him some kind of meager accommodations while he wrestled for them, but he wasn’t making much money at all back then. By living only on whatever cash he earned he saved himself from the problems of accumulated debt.

Some of the lessons learned in “Have More Money Now” by John Bradshaw Layfield

-Forget the past. Focus on the future. Whatever happened in the past can not be changed. Rather than sweating over what you should have done, focus on what you can start doing now. How can you reduce your expenses, increase your income, or increase your financial education?

-Don’t be average. Do what you care about and excel at it. If you are doing what you want to do, you will work at it much harder and that passion dramatically improves your chances of being successful.

-Delayed Gratification (“Have when you have”) Layfield stressed “living within your means” many times and he certainly practiced what he preached. For years he struggled to make enough money just to buy basics. Even though times were hard he never went into debt buying things he simply wanted. Part of his success came from avoiding the trap of debt.

-Poor choices and behaviors will cause debt. Layfield says, “The key to being out of debt is to first stop incurring debt”. Old habits have a tendency to lead you into spending more than you should be.

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Source by Michael B Bowman

Views: 0

January 15, 2020
Book Summary: The Millionaire Messenger: Make a Difference and a Fortune Sharing by Brendon Burchard

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I read this book sitting in a Thai food restaurant on the Oregon coast. The food was outstanding and what was very interesting was the fact that at the cash register there was a book and DVD set talking about going to college for free. The author was a young guy who graduated from Harvard. The whole book series was designed to show college students and parents how to find money to pay for college. Come to find out the author was the restaurant owner’s son. This is a classic example of the Millionaire Messenger in action.

Why is this important to me?

I am not doing this summary to waste your time. It is my vision to provide concise action steps that you can adopt right now to enhance your life. The best way to financial freedom is through a business. Now most people cannot simply quit their jobs and to start a new business. Typically you need to work your job and your new business until you have enough sustainable revenue to take your business full time. The Expert Industry is a caring community of people who share their advice and knowledge with the world and get paid for it.

You may be thinking I am not an expert in anything. This mindset has everything to do with Self-Esteem & Self-Confidence. Brendon addresses these concerns in the book. Think about this – every person has a unique finger print and unique life experiences. Those experiences with additional research can yield you an expert.

I want to start with a potential example of being an expert in something. I have a good friend of mine that has been doing cement work for over 20 years. He does this with his four brothers. He does not think of himself as an expert. Have you ever considered how successful Home Depot is as business? They cater to the do it yourself community. My friend could simply film different cement jobs and sell them as a do it yourself venture. It would look like this:

1. Create simple how to videos on the basics and give them away for free.

2. Create a deeper video series on how to do a full patio, sidewalk or stairs and sell it with a checklist manual.

3. Offer paid for consulting for job layouts with customers.

4. Take high priced large concrete jobs that are above the do it yourself community and name your price.

This is a simple example of releasing 100 years of combined cement expertise that could easily be parlayed into a seven figure business model.

The Millionaire Messenger is packed with great how to advice. For the sake of time, I am going to chat about the 9 reasons you should consider unlocking your knowledge and passion in the expert business.

1. Your work is based entirely on your passion and knowledge. This is really important because it no longer seems like work when you wake up each morning doing what you love.

2. Relating and Creating – Your work activities center around gaining trust and relating to your audience as well as creating useful content that add real value to their lives.

3. Anytime / Anywhere – Creating information how to products allows you the comfort of working on your schedule from anywhere. I can tell you from personal experience that setting up your business to do this one great step toward personal freedom.

4. Work with who you want – This is a big deal because stress statistics show that stress related illness is interconnected with who you work with or bad working relationships in general.

5. Promotions based on promos – The amount of money you make is directly related to the promotional efforts you put into marketing your content. This is all up to you and your work ethic.

6. Pay equals value – This is the strongest and most relevant point in the book. If you deliver great value, people will pay you for it and you can decide what to charge. You are not trading hours of your life for dollars.

7. Small Teams – You do not need a big team to do this. You can outsource several of these steps so that your payroll does not spiral out of control. There are information marketers that make millions of dollars a year with very little staff.

8. Tools are cheap – Technology today really is cheap. There are so many excellent software packages that are free that you can craft your whole infrastructure for next to nothing.

9. Financial Income can beat that of other industries. There are six ways to market your stuff and each has a different price point. The best business models are summed up in one phrase – “one to many”. Creating something once and selling it over and over is the true key to unlocking the wealth puzzle.

The Millionaire Messenger is a good book that will give you the direction you need and the questions required to get you on the path to personal wealth and freedom.

I hope you have found this short summary useful. The key to any new idea is to work it into your daily routine until it becomes habit. Habits form in as little as 21 days. One thing you can take away from this book is one to many. When crafting your business model or tweaking an existing model, remember to leverage the power of “one to many.” In our software business, we create a software module once and sell it many times. This is how Microsoft and Oracle generate billions of dollars each year.

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Source by Joe Mosed

Views: 0

January 7, 2020
How to Find the Best and Real Affiliate Programs on the Internet

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Affiliate marketplaces are a really good place to kick off your affiliate career, and find products to promote. They act as coordinators of the affiliate web between merchants and affiliate agents, as well as responsible for payment processing from the customer to the agent. There are two ways to find a product or an affiliate program, first one is by either contacting the merchant directly, browsing websites or seeing what other affiliates in your niche are promoting, second one is signing up in an affiliate marketplace. Both are kind of unsettling decisions to make, specially questions of trust.

The fears surrounding affiliate programs you have as a new affiliate in the big wide affiliate world are really rational fears, specially considering all the bad experiences newbies have. It is a necessary thing to do know certain basics on the market and how it runs before you embark out of sheer excitement on marketing activities. We are, in the article, attempting to answer a fundamental question of what are the things you must be aware of before joining or signing up for an affiliate business.

These are three things to look for in an affiliate program: (We are using Clickbank as an example, an affiliate marketplace that is considered by most affiliates to be the best and most reliable).

1-Commission: Low commission is not worthy of your time and effort, even as a beginner affiliate, this depends on the price and quality of the products you are promoting. To know whether the commission is low or high, let’s take commission in Click bank as an example, the minimum commission is 60%, knowing that most products’ prices range between $30-$70, it means a minimum of $18 per sale guaranteed in the platform. There are few exceptions of course when the prices are higher than $70, which is only positive.

2-High Gravity Rating: This basically means that the product in question is selling well, so you as well will get a good sum of money out of selling it. The gravity rate is determined and based on sales made by other affiliates. Never take on an affiliate program with low gravity, unless you check the sells page in case of new products.

3- Reputation of Product and Marketplace: This is a crucial thing, a profound research is needed before you sign up for anything. It can make your experience so traumatizing or put you off affiliate marketing for a while to sell untested and unreliable or harmful products, moreover, if the platform where you work will not pay you at the end of the day.

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Source by Raymond R Johnsen

Views: 0

January 5, 2020
Cash Register Basics and Functions

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A cash register is one of the devices that are used within a sales establishment and which are being operated by a sales clerk. This is usually used to calculate the total number of sale a customer was able to purchase, and will also give the people the proper change and the respective receipts with what they are buying. Attached to a cash register is a cash drawer, and this drawer will open during the process of the transaction and will allow the cashier to make the change necessary for the customer. If there are no changes required, the receipts will just immediately comes out from the said device. Cash register is commonly seen within a department store, since it is one way where they can give fast services to their customers.

Instead of making manual calculations with all the items being purchased by the customer, cash register is one way for you to calculate all the sales right away and without any waste of time, you can immediately give the fast services that your customer expect from you. In order to start the process with this cash register, the sales clerk will only scan a certain item with its corresponding bar code scanner, and this will allow the register to display the current price of each item being purchase by the customer. When the sales clerk is done with it, she will then put the payment amount on the register and immediately calculation will certain follow. If there are change that should be given to the customer, the cash drawer will also open immediately for the cashier to get the change, and the receipts will immediately follow.

A receipt will come out when the process is already completed, and the items are being keyed out of the store’s inventory records right away. This record will help the store to have an accurate check during their inventory. In every item being purchase, there is also a corresponding record on it. The register will going to keep each record of every item being purchase, and it will be printed out at the end of the day for their inventory. It is also advisable that cash drawers will be counted from time to time in order to ensure that the cash register always has its appropriate amount of money in order to conduct the process. If you are going to handle the said device, make sure to observe strictly the procedures and safety precautions, so that all transactions are made to be safe. The safety rules, programming of the department key, basic set up of the said device, and all transactions necessary to operate the cash register must always be taken into consideration.

Cash registers make every transaction fast and easy especially for the sales clerk. A simple scan of every item will immediately program the different records of each item. This device will not only benefit the customers, but in the same manner it is also a great advantage for the store owner since it will enable them to have an accurate inventory at the end of the day.

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Source by Louisse Deannise Medina

Views: 0

January 3, 2020
Learn Options Trading – Option Strategy Basics

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Before you learn the basics about how to trade options and the strategies, it is important to understand the types, cost and risks before opening an options account for trading. This article will focus on stock options vs. foreign currencies, bonds or other securities you can trade options on. This piece will mostly focus on the buy side on the market and the trading strategies used.

What is a Stock Option

An option is the right to buy or sell a stock at the strike price. Each contract on a stock will have an expiration month, a strike price and a premium – which is the cost to buy or short the option. If the contract is not exercised before the option expires, you will lose your money invested in your trading account from that contract. It is important to learn that these instruments are riskier than owning the stocks themselves, because unlike actual shares of stock, options have a time limit. There are 2 types of contracts. Calls and Puts and How to trade them and the basics behind them.

What is a Call Option and how to trade them?

A call option contract gives the holder the right to buy 100 shares of the stock (per contract) at the fixed strike price, which does not change, regardless of the actual market price of the stock. An example of a call option contract would be:

1 PKT Dec 40 Call with a premium of $500. PKT is the stock you are buying the contract on. 1 means One option contract representing 100 shares of PKT. The basic thought and learning how to trade call options in this example is you are paying $500, which is 100% at risk if you do nothing with the contract before December, but you have the right to buy 100 shares of the stock at 40. So, if PKT shoots up to 60. You can exercise the contract and buy 100 shares of it at 40. If you immediately sell the stock in the open market, you would realize a profit of 20 points or $2000. You did pay a premium of $500, so the total net gain in this options trading example would be $1500. So the bottom line is, you always want the market to rise when you are long or have purchased a call option.

Trading Strategy vs. Exercising and Understanding Premiums

With call options, the premium will rise as the market on the underlying stock rises. Buyer demand will increase. This increase in premiums allows for the investor to trade the option in the market for a profit. So you are not exercising the contract, but trading it back. The difference in the premium you paid and the premium it was sold for, will be your profit. The benefit for people looking to learn how to trade options or learn the basics of a trading strategy is you do not need to buy a stock outright to profit from it’s increase with calls.

What are Put Options?

A put option is the reverse of a call contract. Puts allow the owner of the contract to SELL a stock at the strike price. You are bearish on the shares or perhaps the sector that the company is in. Since selling a stock short is extremely risky, since you have to cover that short and your buyback price of that stock is unknown. Bet THAT wrong and you are in a world of trouble. However, put options leave the risk to the cost of the option itself – the premium. Learning or getting information on how to trade Puts starts with the above and looking at an example of a put contract. Using the same contract as above, our anticipation of the market is completely different.

1 PKT Dec 40 Put with a premium of $500. If the stock declines, the trader has a right to sell the stock at 40, regardless of how low the market goes. You are bearish when you buy or are long put options. Learning to trade puts or understanding them starts with market direction and what you have paid for the option. Any basic strategy you take on this contract must be done by December. Options normally expire toward the end of the month.

You have the same 3 trading strategy choices.

Let Option Expire – usually because the market went up and trading them is not worth it, nor is exercising your right to sell it at the strike price.

Exercise the Contract – Market declined, so you buy the stock at the lower price and exercise the contract to sell it at 40 and make your profit.

Trading The Option – The market either declined, which raised the premium or the market rose and you are just looking to get out before losing all of your premium.

Conclusion Basics

Trading Options carries nice leverage because you do not have to buy or short the stock itself, which requires more capital.

They carry 100% risk of premiums invested.

There is an expiration time frame to take action after you buy options.

Trading Options should be done slowly and with stocks you are familiar with.

I hope you learned some of the basics of options buy side trading, investing and how to trade them. Look for more of our articles. American Investment Training.

More on Options and Trading Strategies

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Source by Nick Hunter

Views: 0

January 2, 2020
Holly Mann Honest Riches Review – Is This a Scam?

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Honest Riches was written by Holly Mann, a mother and disabled veteran. She started internet marketing to supplement her income. After several requests she decided to write the Honest Riches ebook. This book teaches you how to successfully start an online affiliate business with little start up money. Several of the strategies mentioned are free. When Honest Riches was updated, Holly added more information and changed the name from Breakthrough Money Making Secrets Revealed.

Here is a break down of what you will receive with Holly Mann Honest Riches:

Chapter 1:

This chapter is primarily for beginners. It explains how to pick a topic that will yield the fastest results and greatest chance of success by selecting a sub topic (niche). For example, if you are interested in cars, you might want to choose a niche on custom auto wheels.

The next topic is how to obtain information for free. Holly provides links to several free websites to improve your site’s ranking. Search engine optimization basics and domain name selection are explained. I wish that I would have read this book before picking my domain name. Your domain name is very important. Most people don’t give it enough thought.

Holly explains how to get inbound links by submitting articles. She gives you the actual links to the best sites. This is very helpful and will increase your search engine optimization. Keyword selection is the next topic. Holly provides links for several tools to help make setting up your website easier. Some are free.

She provides enough information to help the beginner get started on a budget. This chapter also explains how to see what your competitors are doing. The next section is about setting up a partnership if money is tight. A sample contract is attached.

Chapter 2:

This is a relatively short chapter on how to find content that will drive more people to your website for free. Links are provided to search for free content.

Chapter 3:

This chapter explains how to get a free website up in minutes. Holly explains how to set up your own free blog. She than provides some ideas on how to make money with blogs and how to improve your ranking. You don’t have to spend any money to get ranked on Google and other search engines. A free tool is provided to update your blog.

Chapter 4:

This chapter is about advertising your website. Links to free online advertising directories are provided. AdWords advertising is also briefly mentioned.

Chapter 5:

This chapter explains how to get free site traffic from Forums. This technique is completely free and has worked very well for Holly. She also explains how to start your own group or forum. Paid advertising is also mentioned here.

Chapter 6:

This chapter lists the top paying affiliate programs to sign up with. This is completely free. Holly provides information about each affiliate program. She also mentions a few of the highest paying affiliates to promote.

Chapter 7:

This chapter is about drop shipping and Wholesalers. A list of 6 droppshippers is provided.

Holly also provides a nice bonus tip for eBayers at the end.

Holly Mann’s Honest Riches teaches you how to successfully make money online with very little start up money. Holly gives you several methods that are totally free. This ebook is also very easy to understand. Everything is explained well.

Because I am always looking for free or very low cost advertising, I have used some of the techniques in Holly Mann Honest Riches, and they have worked very well for me. This is one of the best books to get you started if you are on tight budget. Holly has also added a free website and forum for anyone that purchases Honest Riches.

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Source by William Miller

Views: 0

January 2, 2020
Basics of Money Management

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Money plays an important part in our every day lives and making the most of what we have will help us live a life free of financial pressures. By learning some basic rules, you can make life easier for yourself and for those who depend on you. Here are my basic rules.

Rule one. Don't borrow money for consumable goods. What are consumable goods? They are stuff that lose value over time. Stuff you want but can live without. Examples are electronics, subscriptions to magazines, auto mobiles etc.

Rule two. Live within your means. In other words, spend less than you make. I know that may sound hard if you are on a tight budget but to just take easy credit when it is available to you is simply inviting financial disaster.

Rule three. Become financially educated. This can only be done by reading all you can about the various investment options available to you. There is really no excuse for not being kept up to date with all of the financial news because there is so much information on financial matters available on and offline.

Rule four. Diversify. A mistake that some investors have made in the past is to put all of their eggs in the one basket only to find that the company they invested their money in went bellyup. Prudent investors diversify. That is spread their money around in various companies to minimize their risk.

Rule five. Keep good company. There are people about who have bad attitudes toward financial planning and money in general and if you spend too much time with these people there attitudes can affect your thinking.

Rule six. Take responsibility for your own finances. Some people will ask others for advice just so that they have someone to blame if things do not work out for them. A financial advisor will tell you to do this or that but at the end of the day it is your money and you are the one who reaps the rewards when the markets are up or takes a hit when they are down.

Rule seven. Take a long-term view of your investments. Investing your savings is a long-term game and in order to take advantage of the gains in the markets you have to take a hit sometimes which means not panicking when the markets are going down.

Rule eight. Keep the big picture in mind. In other words have a target or goal in mind. Are you saving for a house deposit or your retirement?

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Source by Robert Alan Stewart

Views: 0

December 29, 2019
Boho Beach Style

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Summer is defined by sun, sand and the water. People typically focus on their swimsuits and throw on a t-shirt and a pair of shorts on top and their outfit is brought down a level. It’s time to pay more attention to our bohemian-chic tunics as cover-ups for our bathing suits, making you look more stylish and draw attention as soon as you step out of your house.

We can start with the basics: a tunic/kimono dress. An oversized poncho in a light shade or a shift/flowy dress lets the breeze right in, keeping you cool. The light shades are good to look for when shopping for oversized clothes, especially with the beach, in order not to drown you in the fabric and to avoid the ruthless sun. Light shades let the light shine through while complementing a nice tan. A yellow brings a happy aura around you while a light pink compliments your skin tone. For those who like to have less fabric, shift dresses are ideal; the shift style still allows for a chill vibe but is a bit more fitted to the body. Any shade of color goes well with boho shift dresses, but the ideal summer colors would be a bright blue or blazing orange, summer is all about bringing more color into your day, in contrast to the winter months. Flowy dresses are my preference, letting my skin breathe but not too baggy, simple and chic. Simply printed bohemian dresses add the extra touch to my outfit: hand painted flowers bordering the neckline and the hem of the dress are enough to finish off the outfit.

Want to show off some of your new bathing suits while still covering up? Flowy sari pants are the way to go. Flowy pants never go out of style as they make your legs look like they go on for miles. Accent your bathing suit by bringing out the undertones or detailed colors with a complementary colored pant. A rich red pant coordinated with the small red detailing of your top brings out your tan and looks stunning along the water. Want to show your inner yogi? Wear the perfect bottoms that work for the lovers of yoga and the beach. Pants of lightweight recycled silk fabric with a cinched bottom and a bright pattern do amazing things for the transition from morning yoga to a beach day.

No shirt, no shoes, no service? An embroidered tunic kurti is the perfect throw on dress for lounging around. Kurtis come in a variety of styles depending on your mood. Short white kurtis with colored embroidery continues the summer beach theme from the flowy pants. Vibrant colors give a new look and the white hand embroidered tunics are so comfortable and chill.

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Source by Era Chandok

Views: 0

December 25, 2019
MLM Training – How To Answer the 30 Most Common Questions And Rejections In MLM or Network Marketing

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Ok, so you’ve made the call, initiated the invitation, but things didn’t go as smoothly as what you expected.

Your prospect started to ask some tough questions.

Gulp, all of a sudden your tongue got tied up! You panic and said something stupid.

Just yesterday, one of my downlines asked me after she made her first few calls to some prospects.

What do you say when they ask you, Is this MLM? or Do I need to sell stuff? or Do I need to spend a lot of time?

Here are your answers to the 30 most asked questions in MLM or Network Marketing.

1. What is this business all about?

Answer 1 (refer back to your website): Well, everything is explained on my website. Can you check it out today?

Answer 2 (if your company does not provide a website): Well, I can’t explain it over the phone, so the best way is to meet up either today or tomorrow so that I can show you the details.

* Now, the reason why we do not want to explain over the phone, is simply because there is no way the prospect can see the full big picture with some words transferred over the phone! Remember, our responsibility in MLM is to pass the message on and the clearer the message, the lower the chance of rejection or misinformation.

2. Is this MLM?

Answer: (Answer a question with a question) Why do you ask that? Have you done MLM before?

* In this case, we answer a question with a question because we want to know if the prospect is NEGATIVE towards MLM. If the prospects answers your question with a negative response eg. Yes I have and I failed terribly or No I have not, but my relative/friend was involved with some MLM and failed, then you must be more tactful and answer Well, its not what you think or have seen. Check out my website or I can show you the details when we meet up today or tomorrow.

3. Is this one of those pyramids or money games?

Answer: No, of course not. Why do you say that? Did you have a bad experience with something like that?

*Again, we want to find out if the prospect had a negative experience and we want to reassure them that our business is nothing like that.

4. So do I need to sell anything?

Answer: No, this business is not about being a super salesperson if you do not like sales.

*The reason why we say this is because more than 90% of the worlds population does not like sales. However, its more of a fear of having to sell stuff because they do not see the benefits or whats in it for them.

5. Do I have to sell stuff to my family and friends?

Answer: No, you do not have to if you do not like doing that.

* Most people fear peddling products to their family and friends, however most of the time, their opinion will change when they realize how good the products are and how they can benefit from those products.

6. Do I have to make cold calls?

Answer: No, you do not need to make cold calls if you do not want to.

7. Do I have to spend long hours to do this business?

Answer: Well, its actually flexible and totally up to you. The more time and effort you put into the business, the more you will earn as there is no limit to the amount of money you can make.

8. I don’t have many friends.

Answer: Its ok. You do not need to depend on your friends and relatives to succeed in this business.

9. So what do I need to do?

Answer: You need to go through our company training and learn the basics of the business, then follow our step by step system to guide you towards success.

10. Do I need to invest a lot of money?

Answer: That’s the beauty of this business. You do not need to invest a huge sum of money to start the business. How much will you need to start a McDonald’s or Kentucky Fried Chicken franchise?

*The idea here to make a powerful reference to a business like McDonald’s which everyone knows or has heard about. Then, inform the prospect that a McDonald’s franchise takes something like US$1 million dollars to start. However, our business just needs a few hundred or thousand dollars to get started. Comparatively, that’s not a huge investment at all!

11. I can’t talk as well as you.

Answer: In this business, its not about being able to talk well. Besides, well be guiding you with our step by step system that does not require you to talk well or be a good salesman.

12. I am just too busy.

Answer: Will you like to have more time freedom then?

*Explain to the prospect the ideas I shared in WHY MLM about exchanging your time for money and exchanging OPT(Other peoples time) for your wealth. Many people think they are doing well, but they don’t realize they are still caught in the rat race.

13. I don’t think MLM or Network Marketing is a professional career.

Answer: Have you heard of Donald Trump(ultra rich billionaire property mogul in the hit show THE APPRENTICE) or Robert Kiyosaki (World famous author of the book RICH DAD POOR DAD)? If both of them strongly recommend network marketing or MLM as one of the best businesses for people to get rich with, do you think that they will risk their reputation on something that is not professional?

*The best way is to show them Donald Trump and Robert Kiyosaki’s book which they co-wrote together, Why We Want You To Be Rich? and flip to that one entire chapter where both of them recommend that we join network marketing in order to get rich!

14. Have you made any money yet?

Answer(if you just started): No, I just started the business and any business takes time to generate income. However, I can introduce to my upline who has made money already and is very successful. You can check out his website or I can arrange a 3 way call for a conversation with him.

15. How long will it take for me to make any money?

Answer: Its up to how much time and effort you put into the business. However, give yourself at least 3 months to learn the ropes first.

16. What if I run out of friends?

Answer: As I mentioned, you do not need to limit yourself to your friends and family. We will guide you step by step how you can have an unlimited number of people to share the business with.

17. I don’t think I can afford the money to start.

Answer: Do you really seriously want to achieve your dreams? If yes, figure out a way you can get the money to start. You can start saving up now so that you can start later.

18. You are already successful, that’s why you can do it but I am not like you.

Answer: Do you want to change your life then? If yes, start by being a good student and learn how to do it. We are willing to guide you towards success.

19. Do I have to become a products expert?

Answer: No, we are only the messengers who pass the information on to others. We do not need to become doctors, or nutritionists or product experts.

20. Can I build my business overseas to other countries?

Answer: Yes, of course. With the internet, we are able to share our business opportunity with anyone in any country around the world. So long we are able to deliver the products there, anything is possible.

21. Can I start part time and still succeed?

Answer: Yes, of course. Many of us start part time and build up a significant income before we go full time.

22. How long will it take to achieve a full time income?

Answer: Just like any business, give yourself at least 6 months to 1 year to build up a significant income.

23. Can I register a company to do this type of business?

Answer: Yes of course. You are already considered a self employed business owner by starting this business, so you can register a sole proprietorship, partnership or incorporated company to do this business and enjoy all the tax benefits.

24. Can I do this business together with my spouse?

Answer: Yes of course. In fact, we have seen many success stories of couples who work together as partners in this business and it not only helps with their finances, but their marriage as well.

25. The money in network marketing is too slow for me.

Answer: Well, if you’re looking for fast money, usually its associated with high risk. However, if you want low risk, but highly leveraged passive residual income i.e. income that grows while you sleep without risking high investments, network marketing will give you that if you work the business for 1 to 2 years.

26. Too many people fail in MLM.

Answer: Isn’t that true in any industry? Example, insurance, property agents, even 9 of 10 traditional businesses fail in any given year. Be it in MLM or in any industry, the only people who fail are those who give up. And those who succeed are those who never ever GIVE UP.

27. I hear too many horror stories and negative comments about MLM.

Answer: There is nothing wrong about MLM as a business model. Its just misunderstood by the general public. However, did you know that when franchising first started in USA, everyone said it’s a scam? The same thing happened when personal insurance policies were first introduced to the general public. It took more than 20 years before the public started to accept that personal insurance wasn’t a scam to cheat your money but a necessary protection instead. But if you had been one of those pioneering leaders in the Insurance industry, today you will be very rich! So its the same situation for MLM, when less people understand it, that’s when the opportunity is BIG.

28. Do I need to convince people to buy products?

Answer: No. Your responsibility is to pass the information to them so that they can review the DVD, website or magazine so that they can convince themselves if they are interested. You do not need to do any convincing at all.

29. I have no extra time to do this.

Answer: If today I told you that I’m selling my ferrari sports car for $1000 and you only have until tomorrow to grab this limited time offer, will you find the time to get $100 to me right now? If yes, it means that the point is whether you really want it bad enough to find time to do it. So do you really want to succeed or are you just fooling around?

30. I have no idea where or how to start.

Answer: No problem, let me guide you step by step with our new distributor orientation training system and quick start checklist.

* By this time, your company or your organizations training system should have a simple step by step checklist or training guide that you can use to duplicate your new downline to get started.

So there you have it!

The 30 most common questions, answers and rejections in MLM or Network Marketing.

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Source by Dennis Bay

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December 22, 2019