Launched: 2018-09-07No. Members: 95,693 – Be the next – Open an account and receive $10 for registration – HERE >>
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The law of attraction suggests that everything that happens in your life, good or bad, are attracted to you.
We all have some experience in the law of attraction.
For example, you may want to buy a car of certain model, suddenly you see a lot of such cars on the road.
You may have question about something, suddenly you come across a book that has the answer to your question.
That’s the law of attraction in action.
Everything we need to achieve what we desire is already around us. The problem is we can’t see it.
It’s like the car model that is always zooming pass us but we never notice it until we have the intention to buy one.
Or the book that is already in the market yet it doesn’t arouse your interest until you have a question in need of an answer.
The law of attraction goes hand in hand with my understanding of the subconscious mind.
See how the Law works in slides presentation – HERE >>
Law of attraction
Our reality is basically a delayed reflection of our subconscious mind.
Whatever that we impress upon our subconscious mind will eventually be revealed to us through the law of attraction.
If so, how do you use the law of attraction to your advantage?
Well, the first thing you need to do is don’t sabotage yourself, i.e. stop having negative emotion such as doubt and fear, and don’t talk negatively.
If you can simply do that, half the battle is won.
The next thing to do is to keep a clear goal of what you want to achieve.
In success, I realize that the hardest thing to do is to formulate a clear goal.
Once the goal is clear, the law of attraction will start to work.
You will start to read what you need to read, meet the people you need to know and experience a series of events that will eventually lead you to your goal.
Law of attraction
The last thing to do is to take action. The law of attraction can only attract the resources you need to you. Ultimately you have to use that resource to produce result.
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I first heard this from motivational speakers like Tony Robbins, Jim Rohn, Zig Ziglar, Dennis Waitley, and others…
But I wanted to go deeper, so I chased it down the source… all the way back to 1952.
You’ve probably heard this concept of “Be – Do – Have” before. But few people really grasp how important it really is.
If you want to learn how to generate leads in network marketing (HAVE a full sales pipeline), you must first BE a lead generator. Assume that identity.
If you want more of your leads to sign up with you (HAVE a better close rate), you must first BE a good communicator. Assume that identity.
If you want to create wealth in network marketing (HAVE more money), you must first BE a network marketing professional. Assume that identity.
See where I’m going with this?
This may be one of our best videos to date. I hope you’ll take this to heart and apply it to your life and business. (Hint: you’re going to want to watch this twice)
New Distributor Training
I first heard this from motivational speakers like Tony Robbins, Jim Rohn, Zig Ziglar, Dennis Waitley, and others; and I wanted to go deeper, so I chased it down the source… all the way back to 1952.
You’ve probably heard this concept of “Be-Do-Have” before too. But few people really grasp how important it really is.
If you want to learn how to get rich or create wealth in network marketing (HAVE more money), you must first BE a network marketing pro (professional).
Assume that identity.
If you want to learn how to generate leads in network marketing (HAVE a full sales pipeline), you must first BE a lead generator.
Assume that identity.
If you want more of your leads to sign up with you (HAVE a better close rate), you must first BE a good communicator.
This video above to be the first and most important lesson for new reps (or a rep who needs to start over).
Tim Sales is a 30-year veteran in Network Marketing.
He’s a million-dollar earner in multiple companies, he’s been interviewed by Larry King and Grant Cardone, and now he’s sharing his knowledge on how to build a successful network marketing business of your own, with real-world examples from his 30-year experience in the industry.
He’s breaking down the industry into little bite-sized pieces, so you have exactly what it takes to really have success in network marketing.
We’re building the world’s most human financial company. – Michael Katchen, CEO
What we do:
Wealthsimple started by providing smart, simple investing, without the high fees and account minimums associated with traditional investment management. We invest your money in a globally diversified portfolio of low-cost index funds, and our cutting-edge technology helps you earn the best possible return, while optimizing your tax bill. This means we do things like automatic rebalancing, dividend reinvesting, and tax loss harvesting — services that were only available to the ultra rich until now or that most people found too time-consuming and tedious to do on their own.
Our expert financial advisors are always available when you need them. They can help plan your financial milestones and answer questions you might have about potential risks or what sort of investment accounts you should have.
Investing is just one part of your financial picture. So, we’ve introduced more ways to reach your goals and manage your money. High interest savings. Commission-free trading. And features — like automatically investing your spare change — that make it easier to save for your future. That’s because we believe that everyone should have access to the tools they need to make smart financial choices.
Wealthsimple Trade Tutorial
Wealthsimple Trade Tutorial || Building a Beginner Stock Portfolio from Scratch (2021)
In today’s video (above), I set up a brand new Wealthsimple Trade account, fund the account, and buy some stocks to start building up my new RRSP portfolio. I think Wealthsimple is the best platform in Canada for trading in Canadian dollars.
The new account is an RRSP, but you can also set up a TFSA and a cash account with Wealthsimple. My strategy with this account is to only buy index funds and exchange traded funds (ETFs).
Almost every prospect I’ve ever spoken to about my network marketing products asks about the price at some point in the conversation.
But that doesn’t mean they’re objecting. They simply need someone to explain why network marketing products cost what they do, and demonstrate the value to them.
Is Price Most Important?
I’m going to dive into this particular topic because the network marketing product price objection is one of the most common that the field hears.
So when someone asks why your network marketing products are so expensive, what you need to do is help them understand a few basic thoughts about value and price.
The very first question that we need to address is whether price is the most important thing in business. Well, to Walmart, I’d say yes, because that is their value proposition. But, I’m not sure that being the lowest priced product is always good for businesses.
If the cheapest price was the number one thing that determines if a person will buy something or not, then you would say every single person is going to have a $13,000 car, because that’s the least expensive car in 2019. Then you look over and you compare it to a $500,000 car. Who in their right mind would pay $500,000 for something that will do the same thing?
It’s All About the Value We Place on the Things We Buy
Whether or not something is “too expensive” depends on two things:
We buy things based on the value we think that item has
We buy things based on our education or understanding of how that item is going to make our life better
For example, is there any difference between a Ferragamo bag and a knockoff bag? The Ferragamo bag is $1,000. You can get a knockoff version for $89. Some people say, “A bag is a bag,” but there might be a difference.
I know when I carry a backpack on an airplane that I have a brand that I have utter loyalty to, because the zippers don’t break. So maybe in the Ferragamo bag the strap doesn’t break, and you would have to buy ten knockoff bags for every Ferragamo bag because of that.
Is there any difference between a fast food meal and a restaurant meal? Why in the world would you ever spend $15 instead of $5 for a meal? It doesn’t make any sense, unless it matters to you, because obviously a meal of salmon and fresh vegetables is going to have a different effect on your body than a burger and fries from a fast food place.
Marketing Products Price
But some people, because they don’t have knowledge in particular areas, or don’t care about that, they are going to choose the fast food burger over the salmon and vegetables.
And it’s the same kind of idea with your company’s network marketing products. Your contacts and potential customers will get stuck on this “your products are too expensive” objection if they don’t understand what makes your product unique, or if they simply don’t care about it.
Do Ingredients Play a Role in the Price of Network Marketing Products?
I’ve seen a lot of raw ingredients that go into products, and the answer is, YES, ingredients play a role in the price of a network marketing product, or any product on any store shelf for that matter.
For example, how about grape seed extract? You can get it for $20 a kilo and you can get it for $450 a kilo. This particular one which is $450 has 120 patents on it and 700 studies to back up their results from it.
Typically, one of the unique selling points of network marketing products is that they contain high-quality ingredients.
If you happen to have read the studies on these things and health matters to you, then yeah, it really does matter.
That’s what I mean when I say that some people need education on these things in order to make a better buying decision.
“Some people need education in order to make better buying decisions.”
Tim Sales
If there’s anything that I feel that network marketing is the best at, it’s when a product needs explanation. That’s where network marketing products shine, because we’re able to have a conversation with somebody and educate them and fill in that knowledge gap.
Marketing Products Price
Network Marketing Products Are Expensive Compared to “What?”
If customers want to make a decision to have a better product, and see the value in your network marketing products, then we can explain it to them. These are the types people that I’m interested in as customers.
I’m not looking for the people who don’t want to make that change. People who do want to make a change, however, like to know how the product is different.
So anytime somebody says to me, “Well, these network marketing products are expensive,” I normally ask, “Compared to what?” and that opens up the conversation so I can discuss it with them.
Do Commissions Increase the Price of Network Marketing Products?
One of the questions that sometimes gets asked is, “Do commissions paid to reps increase the price of a network marketing product?”
Well, the answer to that is, “Of course it does. But is it any different from other companies?” The way it works is that a network marketing company has got executives, it’s got employees, a building. It does research and development, it does various different things and they have a whole pie chart as to where they allocate heir resources to. And one of those is advertising.
They pay their advertising dollars toward representatives that sell the network marketing company’s products. That is where their advertising budget goes to.
Network Marketing companies take money allocated to the advertising budget and pay that in commissions for network marketing products that are sold to consumers.
But is it any different than, say LeBron James getting $90 million from Nike? Do you think that adds a little bit of money to the cost of those shoes?
How about Beyoncé? Do you think that soda costs a little bit more because they paid her $50 million in order to a drink that Pepsi?
So instead of paying celebrities, or paying for advertising on television, network marketing companies simply pay it to the person who’s going to add value to the prospect or to the customer if they choose to buy a network marketing product. That’s the fundamental difference between network marketing companies and any other type of business.
“Instead of paying celebrities, or paying for advertising on television, network marketing companies simply pay it to the person who’s going to add value to the prospect.”
-Tim Sales
Help Your Customers See the Value of Your Network Marketing Products
Everybody splurges on some things and everybody is frugal on other things and it’s their own value choice. What you have to do is help your customers see how your network marketing products are a fair price for the value they get out of the product.
That is why it’s valuable to have somebody who is a professional in network marketing who is able to differentiate these things, and can educate customers on the value of the network marketing products they offer.
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What is the MLM success rate for people who join? Who really succeeds, and what can you do to beat the odds? A recent report painted a pretty dismal picture, but is it accurate, or misleading propaganda from an industry skeptic? We decided to take a closer look at what the numbers really mean, and what you can do to ensure your own success. This video may even give you a new perspective on WHY I believe this is the best industry in the world.
MLM Success Rate
Recently, I was reviewing a paper published by a PhD called “The Abysmal Numbers of MLM.” This author focused on the success rate in network marketing, and said that 95% of everybody in network marketing quits, 5% break even, and 0.15% reach the top income level. He calls it abysmal.
Be aware that anyone can make a stat tell any story they want provided they hide or conceal or skew the definitions of the data they are evaluating. Oftentimes, shortcuts are taken to further a specific narrative or issue they are trying to push. But, if everyone is on the same page of what the definitions are and where the data is coming from, and the data is reliable and valid, then yes, there is a science to getting accurate data that would otherwise be misconstrued.
Math Does Not Choose Who if You’re Successful – You Do
So, let me get into this document a little bit. One of the statements that is said right at the very top is, “Just do the math. The numbers don’t lie.” Now do me a favor, and consider this concept: How does math, not a person, but math itself, decide if you are going to be a 95% person or a 5% person or a 0.15% person?
It may be that 95% of people quit their network marketing business, but I don’t think it’s a numbers game and math decides who is going to fail and who is going to be successful. What I would suggest to you is that our behavior and our education/training is what determines the outcome we have.
So this PhD said 95% quit, and 0.15% reached the top. If that’s true, it would be mathematically almost impossible for me to have reached the top twice. My network marketing company that I was with for almost 24 years bought my business back from me. Then I joined another one and reached the top income level. So how could I do it twice if it’s a mathematical certainty that only 0.15% reach the top?
It doesn’t make any sense to me. And also, just in the seven years I’ve been with the second company, there are now 57 millionaires on my team. That to me just doesn’t mathematically equate with what that PhD is saying.
My conclusion is that the only value of a statistic is to find out why a number is what it is, and what led to it. What are the sub-components that created the results? Math does not choose which side you are going to land on. You choose that. And it’s knowing the sub-components and being willing to learn how to do each of the sub-components. It’s not enough to just know it. You’ve got to do it.
MLM Success Rate
The Sub-components of Network Marketing
Any person who is in sales, who has had any kind of success (it doesn’t matter whether it’s network marketing or something else), does these steps, which I call the Prospect Pipeline:
Generate leads
Contact a person
Set an appointment to see a presentation
Give the presentation
Follow up until you get a yes or no
That’s it.
That’s the game, and doing these sub-components equals customers and reps.
If somebody wants to make a seven-figure residual income, they have to get good at it. If you want to make $100,000 a year, you’re going to have to get good at it. If you want to make a few hundred dollars, well then, you could probably just keep drawing numbers out of a hat and it would eventually work. But if you’re going to really make a profession out of it then these steps are how you do it.
Elite Teams
I want to share with you how elite teams are built. Being in the Navy spec ops, I learned this well. Here’s the way it works, whether it’s a sports team or spec ops in the military:
First, as the leader, you know the sub-components, and then you put a team member in there and have them do some base-level number of them. Let’s say it’s push-ups for spec ops, and so the person is going to have to be able to do at least 50 push-ups to even join the team. There’s a bare minimum, but everybody’s got to meet that standard.
So in network marketing it would be:
Generate one lead Then contact that person. Set the appointment. Do the presentation. If you don’t get a presentation out of it, do this with a second lead. And I would keep on going until they get one person to see the presentation. And that would be the standard. And then I raise the standard. I say, “Now do four.”
You raise the standard, and by continuing to raise the standard, you create elite people. This is how you build a team.
My entire philosophy across the network marketing spectrum is that there is no such thing as a person who can’t do network marketing successfully. Only someone unwilling to learn and get great at each of these steps is someone who can’t do network marketing.
In summary, what I really was trying to get across to you is:
Don’t do what quitters do.
Do pay attention to the 99.53% who fail. None of that matters.
Identify who is successful in network marketing. Get after them and earn the right for that person to train you.
Find and learn the sub-components if they aren’t already known. If somebody is achieving success in network marketing, they probably know the sub-components.
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