Tuesday, March 14, 2006

Getting Rich in Today’s Marketplace

Dr. Eileen Silva © 2006
email: ensilva@aol.com
web: http://www.easilymakingmoney.com/


If you’ve been in networking for long, you’ve heard the stories: “I earned $10,000 my first month . . .” “Never work for someone else again . . .” “Live the life of your dreams with no products to sell, no investing, no risk . . .”

Some of the top networkers today have built fortunes by telling those kinds of stories, and they can be true. Taylor Hegan earned over $11,000, while I earned over $8,000 during our first month with a weight-loss company in 1988. But, let’s face it: we had a unique set of urgent-build circumstances, and we had the entire single-product company positioned as our downline, since Taylor had brought the company into the United States from Canada, and my organization was 65% of his.

We have consistently earned a six-figure income since 1986, but we have done it with persistence, patience, and vision. Some of that persistence, patience, and vision was imparted by one of the industry’s legendaries. He had come through Dallas some years ago and had done a weight/health balancing consultation with me. After we concluded the consultation, we began to chat about the business. He had reportedly earned 1.8 million his last year with the, now-defunct, Phoenix cookie, so I really perked up when he asked me if I know why most people failed to make much money with the industry.

I said, “Yes, they quit before they have had a chance to be successful.”

“Exactly!” he confirmed. “But, do you know how to keep them from doing that?”

I mumbled something about persistence and vision, but he was insistent on being specific.

“Do you know about the 12-month chart?” he asked.

What happened in the next few minutes changed my life. If you can understand what this chart means, you will be unstoppable.

Take a piece of paper, divide it into 12 sections, and number them. Each section represents a month of your first year in network marketing. Now, you need to decide on the income you want to generate your first year in networking.

For purposes of this illustration, I’m going to decide for you. You want to make $100,000 your first year. That will put you in the top 1-2% income-earner bracket in the United States.

We now put the figure $100,000 below your chart. Here is your magic formula for actually calculating what you need to make each month to earn that total dollar amount: Begin with month 12, divide your $100,000 by 2, filling in $50,000 for that month. Continue dividing by 2 and filling in your sections, working backwards.

Simply learn to double monthly production to trigger a residual income explosion. Below are the figures you should have on your chart:


Your 1st year income (in months)

1
$24.41
2
$48.83
3
$97.66
4
$195.31
5
$390.63
6
$781.25
7
$1,562.50
8
$3,125
9
$6,250
10
$12,500
11
$25,000
12
$50,000

Goal $100,000

Are you discovering that if you make less than $25 in your first month and less than $175 in your first quarter, but learn to double monthly production, remaining committed, focused, and in a serious build-mode, then you are on track to become one of the highest income earners in the United States within 12 months?

Now, as I am fond of pointing out to “wannabe” entrepreneurs, you probably won’t double each month consistently. Statistically, very few people in network marketing ever make a $1,000 or greater monthly checks . . . most quit before that becomes possible.

For most inexperienced networkers, $100,000 is a yearly figure they can’t identify with, so water it down. If they are currently earning $20,000 --- calculate it with maybe $30,000 as the total income.

However, I have been in this business since 1982 and have consistently made a six-figure income and genuinely earned millions of dollars in network marketing as a distributor like you. I can honestly tell you that I have developed some people with absolutely no inborn potential for networking, except perhaps the trait of being “coachable,” and taken them to above $12,000 a month. It’s not easy, but it can be done.

If you can relate to the insight in this success-building tip, then you will not be able to sleep tonight as you analyze who in your downline needs to have an income-chart business session with you immediately.

All that is required is that you get truly committed, stay committed and share your vision with lots of people. You, like many before you, can become financially free and design a life for yourself and your loved ones that totally fulfills your dreams. Do it now!

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