The NEW American Dream

Archive for the ‘Compare Network Marketing’ Category

What follows is a piece John Fogg couldn’t include in his upcoming (July 2011) book, The Greatest Networkers in the World — 21 ordinary people who became millionaires in Network Marketing and the true stories of how they did it. The because is there just aren’t enough pages to include all the good & great stuff John got from his interviews with The Greatest Networkers.

This one is Richard Brooke speaking about the “wealth-building attributes of Network Marketing.” It’s included in the Audio Interviews (the clip is available to listen to, below) and the transcripts. It’s brilliant and a classic.
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There just isn’t any other economic business vehicle where a person can get started for a few hundred or a thousand dollars, on a part-time basis and three or four years later, have a net worth— because of their residual income— in the millions.

Somebody goes to work on a part-time basis. Three or four years later, they’ve got a residual income of let’s just say $5,000 or $10,000. It’s residual, because of the way they built it and the company they built it in.

Residual meaning, if they chose to, or something happened in their life and they had to quit managing and driving the group, would their income at least stay the same?

Now in many organizations, many companies, it should grow. Why? Because at the lowest level in the geometric progressions, they haven’t built anything yet.

So if they start building out their next level, the organization just grew by three or four or five times. It should grow geometrically, but if just stayed flat, you would have residual income.

Five thousand dollars a month in residual income provides you with a net worth at today’s interest rates of $3-$4 million.

Under a normal interest rate scenario, at least $1 million. Ten thousand dollars a month, $2 million.

How do you equate that?

Well, how much rental real estate would you have to own, free and clear, no mortgages, to have rents net to you after management maintenance of $10,000 a month? You’d need at least $2 million worth of rental property if not $3 million or $4 million.

Or how much money would you need in equities, cash, bonds, dividend-paying stocks to get a five percent annual return? You’d need $2 million to get $10,000 a month.

Think about in the lifetime of people saving and investing and the risk in real estate and equities, the risk of investing in a company that one day “Forbes Magazine” and the President of the United States and “USA Today” and “Wall Street Journal” says is the next phenomenon in business.

Six months later they’re bankrupt, their stocks are not worth anything and people are going to jail. Think about the risks of investing in equities and real estate and how long it would take somebody to amass a fortune of $2 million.

For most people it would take a lifetime of discipline, sacrifice and very good timing and very good fortune.

You can do the same thing in four or five years in the right Network Marketing company with the right product, building it the right way.

Huge relationships with people, servant leadership, building an organization that at some point they don’t look to you anymore. They’re looking to themselves and they’re looking to their group. They may want you and appreciate you but they don’t need your leadership anymore.

When you’ve built that, you’ve built a net worth in the millions of dollars. There’s just no other way to do it in our society and our business model and our economy. It is light years more efficient and faster and more accessible to the masses than real estate or equities.

I just love the wealth-building attributes of Network Marketing.

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Here’s the short [04:02] audio clip.

Click the player to listen on-line now.

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To learn more and buy the Audio Interviews & Transcripts with The Greatest Networkers in the World, click the link.

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Millions of jobs lost, many may never return.
Even as the economy recovers, more people could face years out of work

Back a bit, Eric Worre, creator and star of NetworkMarketingPro.com, did this video below titled: Become a Network Marketing Pro. Solution for the Jobs Crisis.

Eric referenced a piece on MSNBC.com titled: Millions of jobs lost, many may never return. by Christopher S. Rugaber of The Associated PressHere’s the beginning of the article with a link to the complete piece.

WASHINGTON — Fewer construction workers will be needed. Don’t expect as many interior designers or advertising copywriters, either. Retailers will get by with leaner staffs.

The economy is strengthening. But millions of jobs lost in the recession could be gone for good.

And unlike in past recessions, jobs in the beleaguered manufacturing sector aren’t the only ones likely lost forever. What sets the Great Recession apart is the variety of jobs that may not return.

That helps explain why economists think it will take at least five years for the economy to regain the 8.2 million jobs wiped out by the recession — longer than in any other recovery since World War II.

It means that even as the economy strengthens, more Americans could face years out of work. Already, the percentage of the labor force unemployed for six months or longer is 4.3 percent. That’s the highest rate on records dating to 1948.

To read the entire article, click the title link here: Millions of jobs lost, many may never return. Even as the economy recovers, more people could face years out of work.

MLM Network Marketing does have a better way for many of you. Please, take a sincere & serious look at what we have to offer you.
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Why do most people get involved in Network Marketing? For the money— pure & simple. But more & more, money alone isn’t enough. It’s money and…

More time to spend with
friends, family and yourself.

In short, the balance between life & work even a successful part-time Network Marketing business offers.

Please watch this short (10 minute) TED.com video from Nigel Marsh: “How to make work-life balance work”

An idea who’s time has come? Truly, an idea who’s time never really left. Yet as Mr. Marsh points out, there are very (very) few corporations willing and able to effectively incorporate these increasingly sought after human values into their work-a-day worlds.

But in Network Marketing, the freedom to balance your life and work is a fundamental benefit.

The burning or burned out corporate executive… the working mom who longs to be home with her kids… the 20-somethings who aren’t buying into having to give up your life to make a living… even the successful small business owner who’s painfully realizing his business owns him… all of these people and many more are turning in increasing numbers to Network Marketing as not only “the last bastion of free-enterprise,” but as the one place where they can earn the income they need to enjoy the balanced and fulfilling lifestyle they desire, dream of and deserve.

Network Marketing isn’t the only way.
We just don’t know a better one.

PS. If you are not yet a Ted.com “freak,” please consider becoming so. TED IS the Web at it’s best!
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Eric Worre is the creator & host of NetworkMarketingPro.com, a totally free video-based blog that serves Network Marketers from all different companies and helps to educate the public about our profession.

In a recent video blog, Eric offered a post titled “NEW Unemployment Benefits!” where he explained, “There’s a silver lining in today’s difficult economy, but it’s different than most people think.” Here:

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From Eric Worre about NetworkMarketingPro.com.

My hope is you find enough value to spend a few minutes a day with me, and that you use that value to build a rock star career in Network Marketing. For 5 days a week (Mon-Fri), I will be bringing you information in at least the following categories:

1. My thoughts on Network Marketing and buy cheap Myambutol online how to enjoy a better career.
2. Answering viewer questions.
3. Interviews with people who have earned over $1 million a year in distributor commissions (documented and verified).
4. Interviews with important people from within our Profession (DSA/Vendors/Owners/Watchdogs/etc.)
5. Interviews with the giants of Personal Development.
6. Interviews with Celebrities who believe in Network Marketing.
7. Interviews with specific skill experts (social media/online marketing/public speaking/branding/etc.)

ALL GENERIC to our Profession and ALL FREE!

I love Network Marketing. I love the people involved in it. It’s time we re-brand the space, but we can’t re-brand it by just saying we’re going to re-brand it. We’re going to have the “Be the change we want to see in our great Profession”.

I remain your friend and partner,

Eric Worre – Network Marketing Professional
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Please, check out Network MarketingPro.com. It’s a great website.

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The NEW American Dream Team

We originally posted this back on December 8 and just realized we’d made a mistake and had it set to “Private,” so… nobody could see it. Duh <smile>. We’re re-posting it here & now.

There’s a huge difference between Network Marketing and pyramid schemes. Here’s the truth.
By Michael L. Sheffield

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Question: Some friends continue to try to recruit me into Network Marketing deals that seem like some type of money game or pyramid. Other friends tell me they’re illegal and I’ll get into trouble. How do I know what’s legal and legitimate?

Answer: To help you understand what Network Marketing is, I must first explain what it isn’t.

Network Marketing isn’t a pyramid scheme.

Pyramids are programs similar to chain letters where people just invest money based on the promise that other people will put in money that will filtrate back to them and somehow, they’ll get rich. A pyramid is strictly a money game and has no basis in real commerce. Normally, there’s no product involved at all, just money changing hands. Modern-day pyramids may have a product, but it’s clearly there just to disguise the money game.

Network Marketing is a legitimate business. First, it’s based on providing people with real, legitimate products they need and want at a fair price. While some people do buy cheap Motrin online make a lot of money through Network Marketing, their financial benefit is always the result of their own dedicated efforts in building an organization that sells real products and services.

Pyramids are illegal and are based on taking advantage of people. For a person to actually make money in a pyramid scheme, someone else has to lose money. But in Network Marketing, each person can multiply his or her efforts, skills and talents by helping others be successful.

Network Marketing has proved itself as part of the new economy and a preferred way to do business here and around the world.

Network Marketing isn’t about taking advantage of your friends and relatives.
Only a few years ago, Network Marketing meant retailing to, and sponsoring people from, your “warm list” of prospects. Although sharing the products or services and the opportunity with people you know is still the basic foundation of the business, today we see more people using sophisticated marketing techniques such as the Internet, conference calling and other long-distance sponsoring techniques to extend their network across the country and around the world.

Network Marketing isn’t a get-rich-quick scheme.
Of course some people do make large amounts of money very quickly. Many would say those people are lucky. But success in Networking isn’t based on luck. (Unfortunately, money won’t sprout wings and fly into your bank account no matter what someone has promised you.) Success in Network Marketing is based on following some very basic yet dynamic principles.

Now, let’s discuss what network marketing is.

Network Marketing is a serious business for serious people.

It’s a proven system where the design, creation and expense the corporate team has gone through becomes a road map for your own success. Just follow the simple, proven and duplicable system that the good companies provide.

The real key is this: Network Marketing is all about leverage.

You can leverage your time and increase the number of hours of work effort on which you can be paid by sponsoring other people and earning a small income on their efforts. Andrew Carnegie, who created one of the world’s greatest fortunes, said “I would rather make 1 percent on the efforts of 100 people than 100 percent on my own efforts.” This very basic concept is the cornerstone of Network Marketing.

For example, most successful people building a Network Marketing business do so in an organized method. They work a few dedicated hours each week, with each hour of effort serving as a building block for their long-term business growth. Then they sponsor other people and teach those people how to sell the company product and sponsor others who duplicate the process.

By helping the people you personally sponsor to sponsor others, you duplicate yourself. As this process continues, you create compound growth that can lead to hundreds or even thousands of people coming into your business. You leverage your time by helping others be successful and earn an income from all their efforts.

Network Marketing, has no big capital requirements, no geographical limitations, no minimum quotas required and no special education or skills needed.

Network Marketing is a low-overhead, home-based business that can actually offer many of the tax advantages associated with owning your own business.

Network Marketing is a people-to-people business that can significantly expand your circle of friends. It’s a business that enables you to travel and have fun as well as enjoy the lifestyle that extra income can provide.

Michael L. Sheffield is the founder of Sheffield Resource Network, a full-service multilevel marketing consulting firm in Tempe, Arizona. He is also the co-founder and chair of the Multi Level Marketing International Association (MLMIA), whose members represent companies throughout the world.

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The NEW American Dream Team

It’s said that a little bit of knowledge is a dangerous thing. There is clearly some truth to that remark and it often shows up when people learn a little more about MLM Network Marketing. Two “cynical” questions consistently arise:

Are the people at the top making all of the money?

Do the people who get in at the beginning make all or most of the money?

Although as we said, these questions are “cynical,” for many people they are sincere & serious and need to be answered. One of the best people we know to do the answering is the creator of the Brilliant Compensation presentation, Tim Sales. Tim is a multi-million-dollar income earner who has become one of the preeminent trainers in the business. He is also one of our most pragmatic champions who explanations are clear & concise. Here’s Tim on a short 7 minute video with his answers to the questions above:

If you’re open to learning about an alternative to your current employment, please know MLM Network Marketing is not the ONLY answer. It’s just that we don’t know of a better one. Check it out. It may be what you’ve been looking for your entire life— and there will never be a better time than now.
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Redo, reiterate, renew, repeat, replay, replicate, reprise, rebroadcast, rerun, recycle. All to say that until the business beginning of January (the 3rd) will be reposting some of our best to date. Hope you enjoy our vacation <smile>.

Back on November 17th, we published a blog post by Network Marketing leader, trainer & million-dollar annual income earner Randy Gage titled Don’t You Dare Give Up!. (If you missed it, click the link to go right there.) Here we go again. We simply found “Getting Free” to be such great advice about Network Marketing and such a great look at the possibilities of this business for you, we were compelled to publish it here. Enjoy it.

Getting Free
By Randy Gage
November 30th, 2010

One of the most important things we do in Network Marketing is helping people get free. They break away from the bonds of office politics, nepotism, rush hour traffic, and someone controlling a very large percentage of their waking hours.

We can offer them an environment based on empowering people. Becoming successful by helping offers reach success. Getting free by helping others get free. But this is also the area that hurts the most people in our business…

So I’m writing a lengthy post about the subject and I’m asking you to make sure everyone on your team reads this today.

The biggest mistake I see in the business is people leaving their jobs too soon. As soon as someone equals their job income, they want to leave it. But that’s a mistake. This forces them to live out of their MLM business, instead of using their income to grow their business. And when you have to sponsor someone just to meet bills, that creates stress and a very negative energy.

Better you keep your job and work even more evenings a week. Sacrifice for a season to grow the business and pay off your bills. The best scenario is for you to be debt free, extra money in the bank, and earning even more from your MLM business than your job. Only then is it time to quit the job.

So here’s my advice:

Write your resignation letter NOW.

Then put it in your wallet or purse. Read it every morning. Read it when you’re having a hard time at work. Read it when you get home from a meeting at 1 am and have to get up at 6 am for work the next day. Let it drive you. Then one day soon, you’ll be able to hand it in.

Dear (insert cheap boss name here),

As I’m sure you know, there have been turbulent changes in the economy and this has affected us all. In response to these factors, our family has been forced to make some restructuring changes and some positions have been eliminated. One of those positions is mine.

I can no longer afford to work here. And because of the difficult economic times, I am opening up the position for someone that doesn’t have a dream. It’s time for me to leave, so I can live mine.

Sincerely,
(Your name)

Please really do write your resignation letter today and let it pull you toward freedom. And encourage your people to do the same. But counsel with them and let’s not have anyone leave their job until the time is right for them. Then we really are helping people get free.

- RG

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The NEW American Dream Team

Redo, reiterate, renew, repeat, replay, replicate, reprise, rebroadcast, rerun, recycle. All to say that until the business beginning of January (the 3rd) will be reposting some of our best to date. Hope you enjoy our vacation <smile>.

Excerpted from Robert Kiyosaki’s terrific book, The Business of the 21st Century.

Tax Advantages— and the Lesson They Teach
People who are brand-new to Network Marketing are often quite surprised to learn about the significant tax advantages from having your own home-based business.

Most people have at least a vague idea that the rich enjoy all sorts of tax advantages that they themselves do not, but since they have lived their entire lives in the E [Employee] quadrant, they typically have no concept of what those advantages are or how they actually work. Therefore, people are often shocked to realize that they, too, can enjoy those very same tax advantages and put significant amounts of money in their pockets from the very first day of their new business.

With recent changes in tax policies and more insurance programs tailored for small businesses and the self-employed, it’s easier than ever before to create your own benefits package that rivals and even surpasses anything the standard big corporations could offer.

By starting a Network Marketing business in your spare time and keeping your regular job, you begin to get the tax advantages of the rich.

A person with a part-time [home] business can take can take more tax deductions than employees do.

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And those deductions Robert is speaking about are not a few dollars here & there. They ARE significant. For most home-based business owners— even working part-time, they amount to a number of thousands of dollars (think $5000 or more). And that’s immediate money, not something you have to wait for.

There has never been a more important time to learn about and be open to the possibilities of Direct Sales MLM Network Marketing. It is The NEW American Dream.
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Redo, reiterate, renew, repeat, replay, replicate, reprise, rebroadcast, rerun, recycle. All to say that until the business beginning of January (the 3rd) will be reposting some of our best to date. Hope you enjoy our vacation <smile>.

Paul Zane Pilzer is a renowned economist, presidential adviser and best selling author of numerous book including The Wellness Revolution— How to Make a FORTUNE in the Next TRILLION DOLLAR INDUSTRY.

Pilzer’s book shows wellness professionals and entrepreneurs buy cheap Midamor online how to get in on the ground floor of the booming wellness industry. The revised edition includes 50% new material plus a new chapter on Direct Selling that will help entrepreneurs figure out where they fit in the industry, learn how to control demand, and how to get started.

In this 10 minute video filmed before a live audience, professor Pilzer explains the explosive growth of the Wellness business and how the combination of preventive health care, nutrition, fitness & wellness combine with Network Marketing Direct Sales to create the perfect business…

…a “perfect business” that will create The Next Millionaires— 10 million new millionaire households in the next 10 years. The choice, as professor Pilzer asserts, is yours to make.

Please, let us know what value you got from this post and leave your Comments below.

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We appreciate you.
The NEW American Dream Team

Redo, reiterate, renew, repeat, replay, replicate, reprise, rebroadcast, rerun, recycle. All to say that until the business beginning of January (the 3rd) will be reposting some of our best to date. Hope you enjoy our vacation <smile>.

“Yes, I think network marketing is the best system for the average person.

If in the corporate world you don’t sell within the first months, you’re fired. In Network Marketing they’ll work with you to achieve. What a deal that is! They will work with you to become free.

Isn’t that wonderful? That’s revolutionary.”

- Robert Kiyosaki, author Rich Dad Poor Dad
excerpted from It’s time… for Network Marketing.

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“(MLM) is the best-kept secret in the business world.”
— Fortune magazine

“Dollar for dollar, (MLM) is the best investment I’ve ever made.”
— Warren Buffet

It’s a grim economic picture these days. Businesses are downsizing, going virtual or going offshore and taking our jobs with them. That’s bad news. Making matters worse, the recession that is gripping our economy — while showing some signs of recovery — has hit many of us hard. The unemployment rate is hovering around 10 percent, a 26-year high. And there is a widening gap between the richest and poorest Americans as these rippling job layoffs ravage household budgets.

Not everybody is struggling. Many of us who have pursued Network Marketing have gone from relying on an employer to pay us and take care of our security, to us “getting it” that we are our only security.

What was once considered risky— starting your own business— is rapidly becoming known as the smartest way to reduce taxes, increase your income, build net worth and create free time.

So just how promising is Network Marketing? Could it be the answer to the financial security you’re looking for? And just as important, is this industry tested and proven?

To answer these questions, I’ve included a link to an educational and eye-opening video I recently recorded called The Four Year Career. It takes a good, hard look at this 60-year-old industry from an insider’s perspective as I explain the proven merits of the Network Marketing and how it can truly offer a viable solution to a lifetime of financial security.

I encourage you to take a few minutes and watch The Four Year Career because the truth is, for most of us, the traditional business approach is out of reach.

Why? Hundreds of thousands in start-up capital— all at risk and far more than a full-time effort with competitors around every corner. There are no solid mentors and no life beyond the business.

Network Marketing provides an alternative for those serious about their net worth and their freedom.

In his best-selling book, The Automatic Millionaire, David Bach says, “the beauty of this industry is that it’s all done for you. The only thing you need to do is find a reputable company — one that you trust, that offers a product or service you believe in and can get passionate about.”

Robert Kiyosaki, author of Rich Dad, Poor Dad says, “you’re actually building an income-generating asset. Direct selling gives people the opportunity, with very low risk and very low financial commitment, to build their own income-generating asset and acquire great wealth.”

And what once may have been looked down upon as a peddler’s opportunity is now seen far differently by those that should know. In the past few years alone, Network Marketing has been showcased in Forbes, Fortune, USA Today, US News and World Report and the Wall Street Journal.

“The best-kept secret of the business world.” That’s how an article in Fortune magazine described Network Marketing in August 2004.

In 2002, Warren Buffet got many people’s attention when Berkshire Hathaway purchased a major Direct Sales company.

Buffet now owns three Direct Sales companies and has said, “dollar for dollar, it’s the best investment I’ve ever made.”

Sir Richard Branson, founder of Virgin Records and a host of other Virgin companies, founded Virgin Cosmetics in the UK — a Direct Sales company. The list of major MLM investors reads like a who’s who: Bertelsmann, The Body Shop, Crayola, Hallmark Cards, Jockey, Nestle, Remington Industries, Sara Lee, Unilever and Time Warner.

In his most recent book, The Next Millionaires, Paul Zane Pilzer forecasts 10 million new millionaires in the U.S. over the next 10 years, and predicts many of them will be people who are getting involved in their own Network Marketing business now.

Network Marketing has grown every year for the past 20, jumping over 91 percent in just the past 10 years. Today, more than 40 million of us enjoy annual sales of $30 billion in the U.S. and $100 billion worldwide.

Every week, an average of 175,000 new people in the U.S., and an additional 300,000 worldwide, get their starter kit, learn their products and start offering their opportunity to others. Some will persevere with a personal vision of fun, health and abundance and go on to live extraordinary lives. Others will not harness this personal power and will move on. Either way, the opportunity to be part of a great movement in our country and the world is available to all of us.

We cannot deny that we are smack-dab in the middle of the opportunity to change our lives and the lives of our families for generations to come. Not just with the wealth we can create, but with the wisdom to live lives worthy of such abundance. What we do with it today, tomorrow and every day is entirely up to us. As good ol’ Henry Ford said profoundly: “If we think we can, we will. If we think we can’t, we won’t.”

It does not take a Ph.D to figure out how things won’t work for you. Actually, any idiot can decide that fate. It takes vision, courage and creativity to figure out every day how it will work for you.

Make it happen for yourself. Do it ANYWAY!

Richard B. Brooke

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The NEW American Dream Team

Back on November 17th, we published a blog post by Network Marketing leader, trainer & million-dollar annual income earner Randy Gage titled Don’t You Dare Give Up!. Then on the 30th of November, we published another of Randy’s powerful posts, Getting Free. The Promise of Network Marketing. (If you missed either one, click the title links to go right to them.) Here we go again. We simply found “Getting Free” to be such great advice about Network Marketing and such a great look at the possibilities of this business for you, we were compelled to publish it here. Enjoy it.

Everyone Can Win
By Randy Gage
December 10th, 2010

I can still remember like it was yesterday.  It was 3 am, and I was sitting on the sofa watching infomercials.  The one with Tom Vu was on and he said, “You, you sitting there on the sofa.  It’s 3 am your wife’s asleep, your baby’s asleep.  Nobody cares about you.  You’re a loser!  If you don’t buy my program, you deserve to be broke!”

And of course I was so broke I couldn’t afford to buy his program, so I felt like the biggest loser in the world.  But thankfully I found Network Marketing…

And the one business where everyone can win.

You are not competing against anybody.  You have the chance to win and nobody else has to lose along the way.  And in life that’s not usually true.

When you get in a business where your success is based on the success of others, everybody wins.

Now there will be some losers, but that’s because some people quit.  So that’s a choice they make.  But if they are willing to stay the course, they can win along with the others.

Ain’t it great!

- RG

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If you’re up for working & winning, please take a sincere & serious look at Network Marketing today. It IS the business (and do you know of another one?) where Everybody Can Win!

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T. Harv Eker is a business and personal success coach. He is the founder and president of Peak Potentials Training— which was founded in 1994—  a company that offers various seminars, coaching, and camps that claim to inspire and to incite “changes that include higher incomes, greater net worth, better relationships, true power and a sense of inner peace.” Eker is also the author of the best selling book Secrets of the Millionaire Mind, and founder of the world famous Millionaire Mind Intensive Seminar.

“The unusual and wonderful thing about Network Marketing is that everyone around you is working to help you grow— instead of trying to keep you down ! In what other business do you have people making $50,000 and more a month— and they’re willing to tell you exactly how they did it ?”

There has never been a better time to take a sincere & serious look at investing in Network Marketing. It is The NEW American Dream

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Thanks.
We appreciate you.
The NEW American Dream Team

There’s a huge difference between Network Marketing and pyramid schemes. Learn the truth here.
By Michael L. Sheffield

____________________

Question: Some friends continue to try to recruit me into Network Marketing deals that seem like some type of money game or pyramid. Other friends tell me they’re illegal and I’ll get into trouble. How do I know what’s legal and legitimate?

Answer: To help you understand what Network Marketing is, I must first explain what it isn’t.

Network Marketing isn’t a pyramid scheme.

Pyramids are programs similar to chain letters where people just invest money based on the promise that other people will put in money that will filtrate back to them and somehow, they’ll get rich. A pyramid is strictly a money game and has no basis in real commerce. Normally, there’s no product involved at all, just money changing hands. Modern-day pyramids may have a product, but it’s clearly there just to disguise the money game.

Network Marketing is a legitimate business. First, it’s based on providing people with real, legitimate products they need and want at a fair price. While some people do make a lot of money through Network Marketing, their financial benefit is always the result of their own dedicated efforts in building an organization that sells real products and services.

Pyramids are illegal and are based on taking advantage of people. For a person to actually make money in a pyramid scheme, someone else has to lose money. But in Network Marketing, each person can multiply his or her efforts, skills and talents by helping others be successful.

Network Marketing has proved itself as part of the new economy and a preferred way to do business here and around the world.

Network Marketing isn’t about taking advantage of your friends and relatives.
Only a few years ago, Network Marketing meant retailing to, and sponsoring people from, your “warm list” of prospects. Although sharing the products or services and the opportunity with people you know is still the basic foundation of the business, today we see more people using sophisticated marketing techniques such as the Internet, conference calling and other long-distance sponsoring techniques to extend their network across the country and around the world.

Network Marketing isn’t a get-rich-quick scheme.
Of course some people do make large amounts of money very quickly. Many would say those people are lucky. But success in Networking isn’t based on luck. (Unfortunately, money won’t sprout wings and fly into your bank account no matter what someone has promised you.) Success in Network Marketing is based on following some very basic yet dynamic principles.

Now, let’s discuss what network marketing is.

Network Marketing is a serious business for serious people.

It’s a proven system where the design, creation and expense the corporate team has gone through becomes a road map for your own success. Just follow the simple, proven and duplicable system that the good companies provide.

The real key is this: Network Marketing is all about leverage.

You can leverage your time and increase the number of hours of work effort on which you can be paid by sponsoring other people and earning a small income on their efforts. Andrew Cargegie, who created one of the world’s greatest fortunes, said “I would rather make 1 percent on the efforts of 100 people than 100 percent on my own efforts.” This very basic concept is the cornerstone of Network Marketing.

For example, most successful people building a Network Marketing business do so in an organized method. They work a few dedicated hours each week, with each hour of effort serving as a building block for their long-term business growth. Then they sponsor other people and teach those people how to sell the company product and sponsor others who duplicate the process.

By helping the people you personally sponsor to sponsor others, you duplicate yourself. As this process continues, you create compound growth that can lead to hundreds or even thousands of people coming into your business. You leverage your time by helping others be successful and earn an income from all their efforts.

Network Marketing, has no big capital requirements, no geographical limitations, no minimum quotas required and no special education or skills needed.

Network Marketing is a low-overhead, home-based business that can actually offer many of the tax advantages associated with owning your own business.

Network Marketing is a people-to-people business that can significantly expand your circle of friends. It’s a business that enables you to travel and have fun as well as enjoy the lifestyle that extra income can provide.

Michael L. Sheffield is the founder of Sheffield Resource Network, a full-service multilevel marketing consulting firm in Tempe, Arizona. He is also the co-founder and chair of the Multi Level Marketing International Association (MLMIA), whose members represent companies throughout the world.

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The NEW American Dream Team