WHAT IS THE BEST WAY TO EARN?
The BEST WAY to EARN is when your actions are not only focused on you but by the motivation of helping others. To attain success, one must do all he can to teach, develop and help others so in turn these people will do the same thing . This is the very opposite in other endeavour. If you do that in traditional business for example, you are inviting competition.
Now let us determine what is really that economic activity that maximizes leveraging, exponential growth and residual income. Before we go further, let us first understand this 3 terms.
Leveraging. Leveraging comes from the word leverage which a business dictionary defines it as the ability to influence a system, or an environment, in a way that multiplies the outcome of one's efforts without a corresponding increase in the consumption of resources. In other words, leverage is the advantageous condition of having a relatively small amount of cost yield but a relatively high level of returns. One can leverage time, effort and capital. The best explanation of how leveraging work is through these examples.
Leveraging Time. Employers leverage their time by hiring or using others to do the work for them. Multiplying their time by hiring employees to do the work which they are supposed to do is an example of leveraging. Another is riding on a vehicle instead of walking from one place to another place. This saves time for traveling and time saved could be utilized for other more important activity.
Leveraging Effort. People can leverage effort by using methods, tools or equipment to lighten the work for them. An example is the use of backhoe for digging instead of a shovel. The use of pump and pipes to deliver water instead of buckets. The use of a lever to hoist heavy object, instead of lifting it with the bare hand.
Leveraging Money or Capital. Investors leverage their money by using their money to earn income for them. They can also borrow money from a bank to increase their capital thereby increasing the money brought by their investments. It is simply saying "you let the money work for you, not you work for the money"..
The BEST WAY to EARN is when your actions are not only focused on you but by the motivation of helping others. To attain success, one must do all he can to teach, develop and help others so in turn these people will do the same thing . This is the very opposite in other endeavour. If you do that in traditional business for example, you are inviting competition.
Now let us determine what is really that economic activity that maximizes leveraging, exponential growth and residual income. Before we go further, let us first understand this 3 terms.
Leveraging. Leveraging comes from the word leverage which a business dictionary defines it as the ability to influence a system, or an environment, in a way that multiplies the outcome of one's efforts without a corresponding increase in the consumption of resources. In other words, leverage is the advantageous condition of having a relatively small amount of cost yield but a relatively high level of returns. One can leverage time, effort and capital. The best explanation of how leveraging work is through these examples.
Leveraging Time. Employers leverage their time by hiring or using others to do the work for them. Multiplying their time by hiring employees to do the work which they are supposed to do is an example of leveraging. Another is riding on a vehicle instead of walking from one place to another place. This saves time for traveling and time saved could be utilized for other more important activity.
Leveraging Effort. People can leverage effort by using methods, tools or equipment to lighten the work for them. An example is the use of backhoe for digging instead of a shovel. The use of pump and pipes to deliver water instead of buckets. The use of a lever to hoist heavy object, instead of lifting it with the bare hand.
Leveraging Money or Capital. Investors leverage their money by using their money to earn income for them. They can also borrow money from a bank to increase their capital thereby increasing the money brought by their investments. It is simply saying "you let the money work for you, not you work for the money"..
Exponential Growth
Exponential Growth could best be explained by these example. The example on the right shows that on the first day, one earns 1 centavo. If his income doubles everyday, the result would be dramatic.
Said condition is usually what happens in Multi Level Marketing. Upline1 recruits his first downline and teach him to do the work doubling his income through the effort of his 1st recruit and that of his own. Next, His first recruit, recruits another and share what his recruiter have thought him while upline1 recruits and teach his second recruit, having 4 now working as a team. Next, they recruit and teach 1 each doubling the group into 8. The 8 doubles to 16 and it goes on and on.
Residual Income. These are income that flows continuously by doing a task once. Even if you are not working anymore, income flows continuously. These kind of income are derived by authors, composers, artists, networkers, businessmen, investors, etc. Residual income is the best source of income. It is a kind of earning even while sleeping. An example of income derived this way are royalties earned by authors, artists, singers and composers. Networkers who has build a strong group can also expect to receive residual income through the effort of his group. To be able to determine if MLM is really the best way to earn we must be able to compare MLM as an income source with other ways how people earn income.
Said condition is usually what happens in Multi Level Marketing. Upline1 recruits his first downline and teach him to do the work doubling his income through the effort of his 1st recruit and that of his own. Next, His first recruit, recruits another and share what his recruiter have thought him while upline1 recruits and teach his second recruit, having 4 now working as a team. Next, they recruit and teach 1 each doubling the group into 8. The 8 doubles to 16 and it goes on and on.
Residual Income. These are income that flows continuously by doing a task once. Even if you are not working anymore, income flows continuously. These kind of income are derived by authors, composers, artists, networkers, businessmen, investors, etc. Residual income is the best source of income. It is a kind of earning even while sleeping. An example of income derived this way are royalties earned by authors, artists, singers and composers. Networkers who has build a strong group can also expect to receive residual income through the effort of his group. To be able to determine if MLM is really the best way to earn we must be able to compare MLM as an income source with other ways how people earn income.
WHAT ARE THE WAYS TO EARN?
1. EMPLOYEE. Employees work and receives salaries based on the time they work. If they don't work, they receive no pay. No matter how effective or efficient they accomplish their work they usually don't receive extra pay for extra effort. Employees don't enjoy leverage. Their salary don't grow exponentially also. They usually enjoy the fruit of their labor when they retire after working for about 40 years. When the time they retire, usually at age 65, they are not anymore in the best condition to enjoy life.
2. SELF EMPLOYED. Self employed professional (Doctors, Dentists, Lawyers, etc.) practicing their trade or professions and receive their income through the amount they charge their clients. Like employees, If they don't work they receive no income. They could multiply their income up to a limited extent but in general, self employed professionals earnings are considered linear income, that is, income earned by working on their own.
3. BUSINESS. There are different kinds of business and now let us compare them.
Kind of Business Systems
A. Traditional Business B. Franchising C. Multi Level Marketing
Capital Requirement No Less than 100K Over 500K Average of 8K
Permits & Licenses Required Required Not Required
Product Inventory May or may not be required Required Not Required
Place Required Required Not Required
Support Less Support More Most Support
Could be Free Part of Franchise Fee Free
Time required to establish About 1 month About 1 Month Immediate
Skill/Knowledge Required Required Not Required
Risk High High Low
Return on Investment About 10%/Month About 10%/Month 0 - to over 100%/Month
Leverage
Time Pay Employees Pay Employees Free from down lines
Effort Pay Employees Pay Employees Free from down lines
Capital Large Very Large Minimal
Growth Multiplied Multiplied Exponential
Residual Income Small Small Big
4. INVESTORS
Investors use their money and let their money earn for them affording them freedom to do things they love to do. People who belong to these group are the super rich (Donald Trump, Robert Kiyosaki, Les Brown, etc.). Their earning comes from leveraging their money and the residual income that flows continually.
How 1000% or more Return on Investment (ROI) can be attained in MLM.
In traditional businesses, an ROI (Return On Investment) of 10% per month is a good income. If you say you are earning an income of P 500,000 per month with a capital of only P 8,000.00, or with an ROI of 4000% per month, traditional businessmen would laugh at you. Let me illustrate how this is possible in MLM (Multi-Level Marketing).
We live on a 24 hours daily activity. If 8 hours of the 24 is spent to rest and the other 8 hours for leisures and other activities, only 8 hours can be spent for work. If you are earning 400.00/day it would mean a hourly income of 50.00.
In MLM earning big money is done through leveraging or duplicating yourself through others. That is, you multiply your time-making money in people within your network or group. If you, through the help of your downlines has 1000 people under you, and each one contributes 1 hrs of work each day, it would mean 1000 man-hours in a day, @ 50.00 per hour, it would mean 50,000 income in a day.
MLM is the only business system where you don't spend anything from the work of people under you yet you earn on them. The time they devote on the business is their time and your time as well.
MORE ABOUT MLM...
2. SELF EMPLOYED. Self employed professional (Doctors, Dentists, Lawyers, etc.) practicing their trade or professions and receive their income through the amount they charge their clients. Like employees, If they don't work they receive no income. They could multiply their income up to a limited extent but in general, self employed professionals earnings are considered linear income, that is, income earned by working on their own.
3. BUSINESS. There are different kinds of business and now let us compare them.
Kind of Business Systems
A. Traditional Business B. Franchising C. Multi Level Marketing
Capital Requirement No Less than 100K Over 500K Average of 8K
Permits & Licenses Required Required Not Required
Product Inventory May or may not be required Required Not Required
Place Required Required Not Required
Support Less Support More Most Support
Could be Free Part of Franchise Fee Free
Time required to establish About 1 month About 1 Month Immediate
Skill/Knowledge Required Required Not Required
Risk High High Low
Return on Investment About 10%/Month About 10%/Month 0 - to over 100%/Month
Leverage
Time Pay Employees Pay Employees Free from down lines
Effort Pay Employees Pay Employees Free from down lines
Capital Large Very Large Minimal
Growth Multiplied Multiplied Exponential
Residual Income Small Small Big
4. INVESTORS
Investors use their money and let their money earn for them affording them freedom to do things they love to do. People who belong to these group are the super rich (Donald Trump, Robert Kiyosaki, Les Brown, etc.). Their earning comes from leveraging their money and the residual income that flows continually.
How 1000% or more Return on Investment (ROI) can be attained in MLM.
In traditional businesses, an ROI (Return On Investment) of 10% per month is a good income. If you say you are earning an income of P 500,000 per month with a capital of only P 8,000.00, or with an ROI of 4000% per month, traditional businessmen would laugh at you. Let me illustrate how this is possible in MLM (Multi-Level Marketing).
We live on a 24 hours daily activity. If 8 hours of the 24 is spent to rest and the other 8 hours for leisures and other activities, only 8 hours can be spent for work. If you are earning 400.00/day it would mean a hourly income of 50.00.
In MLM earning big money is done through leveraging or duplicating yourself through others. That is, you multiply your time-making money in people within your network or group. If you, through the help of your downlines has 1000 people under you, and each one contributes 1 hrs of work each day, it would mean 1000 man-hours in a day, @ 50.00 per hour, it would mean 50,000 income in a day.
MLM is the only business system where you don't spend anything from the work of people under you yet you earn on them. The time they devote on the business is their time and your time as well.
MORE ABOUT MLM...