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Casual Articles - Have You Fallen Prey To The Multi-Level Marketing Money Myth
For several years, industry experts have warned of a pending retention crisis and the need to have a retention plan in place. If you haven’t done so already, it’s time to take this problem seriously and here’s why. According to TalentKeepers, the annual cost of employee turnover in the United States is a staggering $5 trillion. Furthermore, with the exit of the baby boomers from the workforce, the US Bureau of Labor has predicted 10 million more jobs than workers by the year 2010. How prepared is your organization?Here are four steps to improve employee retention rates and decrease the impact of attrition on your organization:1.Measure turnover and calculate the
That's the shame and
The concept of Six Sigma was first developed by Motorola Corporation as an approach to address the high defect rates within the company’s manufacturing processes. With the success of Six Sigma, Motorola has registered the Six Sigma brand name to the corporation. The concept of Six Sigma advocates that data be collected from processes to measure performance and determine the extent of variation from target performance measurements.This approach had been truly effective in ensuring quality in a manufacturing environment and was later adopted by the services industry during the 90s. However, as the Six Sigma framework relied heavily on the collection and analysis of data of in
Well, let's take a look at some real numbers and at the real myth. If you take the most Basic MLM plan that is 5 levels deep and you get just $1 per month as your share from each person below you on each of your 5 levels, the numbers can be pretty enticing. For example, let's look at the numbers with this minimal scenario of $1 from each level.
Do you know, that if you recruited just 1 person a month, who used the product or service (giving you your $1 from them) and they then recruited just 1 per month who did the same, in 3 years you would be making $119,000 every MONTH. No folks, that's not myth. So I hear screams coming back… "it sure didn't / doesn't work that way for me".
There is a myth out there alright. The real myth is in the minds of many ( if not most ) people who are enticed by those very real (but seemingly ever evasive) big numbers. The myth is in the way we usually extrapolate that figure in our heads. Our logic tends to go something like this: $119,000 per month in 36 months, so I'm starting from zero and that means if my income goes up by $3305 every month, at the end of 36 months my income will be at about $119,000. We usually are more realistic than that but tend to think that it migh take 3-4 months to get to the $3305 per month and then the growth should occur along that sort of a path. Well, that's logical IF the income growth were a linear progression but that IS NOT how it works.
This mythical linear progression thinking would have you making $19,830 in your 6th month and almost $40,000 in your 12th month. You start in this company and you're a hard working MLM wannabee. You work long hours learning and "following their system" and really put your heart into it. After 3 months of hard work you find that you have hardly made enough to pay the phone bill let alone gas, advertising, etc. etc. You start to think that maybe you were deceived or that there is something wrong with you. You hang in there for a few more months but when you hit 6 months and you're only making $197 (and that is GROSS) you say "forget it" and want to QUIT. NO, NO, NO, DO NOT QUIT!!!!
That's the shame and t
One surefire way to grow profit is to deploy sales resources that masterfully price your company’s products and services. The right price can boost profit more than improvements in the cost-of goods sold or reductions in SG&A. For example, a 1% improvement in price expands operating profit by about 12% whereas a 1% improvement in cost-of-goods sold (COGS) or selling, general and administrative expense (SG&A) only yields an operating increase of about 8% or lightly more than 2%, respectively. (1)Inappropriate discounting dramatically shrinks profits. TopMark’s analysis revealed that price cuts of .5%, 1% and 3% reduced gross profit by about 2%, 3% and 10% respectively. (1
Do you know, that if you recruited just 1 person a month, who used the product or service (giving you your $1 from them) and they then recruited just 1 per month who did the same, in 3 years you would be making $119,000 every MONTH. No folks, that's not myth. So I hear screams coming back… "it sure didn't / doesn't work that way for me".
There is a myth out there alright. The real myth is in the minds of many ( if not most ) people who are enticed by those very real (but seemingly ever evasive) big numbers. The myth is in the way we usually extrapolate that figure in our heads. Our logic tends to go something like this: $119,000 per month in 36 months, so I'm starting from zero and that means if my income goes up by $3305 every month, at the end of 36 months my income will be at about $119,000. We usually are more realistic than that but tend to think that it migh take 3-4 months to get to the $3305 per month and then the growth should occur along that sort of a path. Well, that's logical IF the income growth were a linear progression but that IS NOT how it works.
This mythical linear progression thinking would have you making $19,830 in your 6th month and almost $40,000 in your 12th month. You start in this company and you're a hard working MLM wannabee. You work long hours learning and "following their system" and really put your heart into it. After 3 months of hard work you find that you have hardly made enough to pay the phone bill let alone gas, advertising, etc. etc. You start to think that maybe you were deceived or that there is something wrong with you. You hang in there for a few more months but when you hit 6 months and you're only making $197 (and that is GROSS) you say "forget it" and want to QUIT. NO, NO, NO, DO NOT QUIT!!!!
That's the shame and
Finding a new job is an important activity you should carry on very carefully. This means that you should present yourself in a very serious, professional manner in order to convince the potential employer to hire you. In order to achieve your goal, you should follow some of these tips.The thing you should always do is to constantly pay attention to even the smallest, insignificant detail. Why? Because you will offer a professional image to the employer. Therefore, you should always check your cover letter for misspellings or grammar errors, provide the employer with the information he/she has requested, pay attention to the gender of the hiring person. Always double check
There is a myth out there alright. The real myth is in the minds of many ( if not most ) people who are enticed by those very real (but seemingly ever evasive) big numbers. The myth is in the way we usually extrapolate that figure in our heads. Our logic tends to go something like this: $119,000 per month in 36 months, so I'm starting from zero and that means if my income goes up by $3305 every month, at the end of 36 months my income will be at about $119,000. We usually are more realistic than that but tend to think that it migh take 3-4 months to get to the $3305 per month and then the growth should occur along that sort of a path. Well, that's logical IF the income growth were a linear progression but that IS NOT how it works.
This mythical linear progression thinking would have you making $19,830 in your 6th month and almost $40,000 in your 12th month. You start in this company and you're a hard working MLM wannabee. You work long hours learning and "following their system" and really put your heart into it. After 3 months of hard work you find that you have hardly made enough to pay the phone bill let alone gas, advertising, etc. etc. You start to think that maybe you were deceived or that there is something wrong with you. You hang in there for a few more months but when you hit 6 months and you're only making $197 (and that is GROSS) you say "forget it" and want to QUIT. NO, NO, NO, DO NOT QUIT!!!!
That's the shame and
Did you know that 6 construction workers die every day in the US, from largely preventable accidents? However, there are many safety precautions that can be taken, let's look at a few of the most important hazards and precautions for them:Air Purifying RespiratorsThese can be worn to prevent inhaling toxic fumes and particles from painting, sandblasting, road construction and more. Using a filter or blower method to keep breathable air around the head, they do not provide oxygen. Use of these can help keep workers lungs clear and healthy.AsbestosAbout 10,000 people die each year due to asbestos related diseases. While most uses of Asbestos have been ban
This mythical linear progression thinking would have you making $19,830 in your 6th month and almost $40,000 in your 12th month. You start in this company and you're a hard working MLM wannabee. You work long hours learning and "following their system" and really put your heart into it. After 3 months of hard work you find that you have hardly made enough to pay the phone bill let alone gas, advertising, etc. etc. You start to think that maybe you were deceived or that there is something wrong with you. You hang in there for a few more months but when you hit 6 months and you're only making $197 (and that is GROSS) you say "forget it" and want to QUIT. NO, NO, NO, DO NOT QUIT!!!!
That's the shame and
Have you ever heard of any of these people:· Dale Earnhardt· Dr. Phil· Martha Stewart· Donald Trump· Madonna· Billy GrahamRegardless of their chosen profession, business or discipline, each of them is successful for a variety of reasons; but one thing they all have in common is that they are or were relentless self-promoters.Being a self-promoter can conjure up many different images in the minds of many, some negative, some arrogant, some self-serving and some envy; but, in the end, this ability separates the also-rans from the supper successful. If you think of Herb Kelleher, (the founder of Southwest Airlines), you might th
That's the shame and the tragedy that comes from the myth we've fed ourselves with the assumptions we made about the linear progression. Let's look at the EXACT figures for the hypothetical example and you'll see this is more like a geometric progression (for you math guys). Here is the way it breaks down in each 6 month period from 1 to 36. Month 1-6: 1=$1; 2=$3; 3=$7; 4=$15; 5=$31; 6=$61.
Do you see that? This guy was ahead of schedule (to make $119,000 per month in just three years) and he was about to QUIT - when he was ahead of schedule!! Look at the rest of it. Month 7-12: 7=$113; 8=$197; 9=$325; 10=$511; 11=$771; 12=$1123 Month 13-24: 13=$1,587; 14=$2,185; 15=$2,941; 16=$3,881; 17=$5,033; 18=$6,427; 19=$8,095; 20=10,071; 21=12,391; 22=15,093; 23=18,217; 24=$21,805 Months 25-36: 25=$25,901; 26=30,551; 27=35,803; 28=41,707; 29=48,315; 30=$55,681; 31=63,861; 32=72,913; 33=82,897; 34=93,875; 35=105,911; 36=$119,071
Look at that and let it sink in! It takes time to duplicate yourself and for each new person to get up to speed. Every situation will be different but this shows you the PRINCIPLE. Drill that principle deep into your head and you will keep on and stay the course - that is where the money is made in Multi-level or Network Marketing.
This MLM industry is the greatest way there is for large numbers of people to earn their way to a million dollar a year income. Enjoy the journey. Treat your customers and especially your "downline" with respect and educate them to the realities of the industry. Do not let them quit without educating them on what the true income path really looks like. In fact, if you're wise, you won't let them even start training under you unless they understand the way the growth curve works.
This is not a get rich really quick business as it is so often portrayed to be (in order to entice the gullible to "get in"). But, if you are with a good company, have good products or services and stay the course - working diligently, it will make your V
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