work at home
53how to become a millionaire
HOW TO BECOME A
MILLIONAIRE USING
THE POWER OF MULTI-LEVEL
MARKETING AND YOUR
INTERNET CONNECTION
It is reported that, out of about 3,500,000 millionaires in the United States, more than 90% have earned their fortune with the business they originally launched. And a large number of those were started at home.
Quite a large number of companies listed in the “Fortune 500 magazine were borne in the head of ordinary people, in a basement, a garage or on a kitchen table (do we have to remind you the fabulous story of Coca-Cola, in example). And lots of them were created from scratch : no money and as a side-business.
Today, MLM is the second top way to make a million dollars in the United States. Last year, almost 28,000 ordinary people have made their first million dollars thanks to MLM.
May be you already heard of this, but, last summer, Donald Trump was the host of the David Letterman Show. David asked him what he would do if he was loosing everything tomorrow and being obliged to re-start all over from nothing. Without hesitating, Trump has replied straight that he would find a good company selling applying multi-level marketing methods and get hired. As the audience was opposing to this, Trump then said, after measuring his words : “This is the reason why I sit here and you sit over there.
More than 25,000,000 Americans are operating their own business at home. More than 5,000,000 of those are generating yearly incomes from $ 100,000 and $ 500,000.
Numerous people who are potential entrepreneurs believe â€" wrongly â€" that it is critical to own a somewhat important capital to start a prosperous business, while, in reality, a major part of the existing booming businesses have actually been created with less than $ 100.
The goal of this report is thus to show you how to get the power of MLM together with the power and effectiveness of the Internet to guarantee you comfortable incomes.
WOULD YOU LIKE TO HAVE A COMFORTABLE INCOME STARTING TOMORROW ?
Bulk mailings and classified ads are the best two methods you should privileged to build your own multi-level marketing, advertising and sales. But your results will depend on the actual circumstances you are in.
THE USE OF BULK MAILINGS TO SELL YOUR PRODUCTS
The following example is based on a reply rate of 0.2%, which means that, out of 1,000 e-mails sent out, only 2 people will reply and join the program.
Example #1: Sending out 25,000 e-mails monthly.
25,000 x .002 = 50 new people in your organization
1st level : your 50 associates with 5 € 250 €
2nd level : each of your 50 associates recruit 2 more (100 x 5 €) 500 €
3rd level : each of your 100 associates recruit 2 more (200 x 5 €) 1,000 €
4th level : each of your 200 associates recruit 2 more (400 x 5 €) 2,000 €
5th level : each of your 400 associates recruit 2 more (800 x 5 €) 4,000 €
ESTIMATED MONTHLY INCOME 7,750 €
ESTIMATED YEARLY INCOME 93,000 €
TO EARN $ 2,000,000, you need 21.5 years
If you increase the quantity of e-mails sent out every month, according to the same principle, your income increase proportionally, thus reducing the required lead time to reach the $ 2,000,000.
Consequently, if you send out 50,000 e-mails, your income would become $186,000 per year and you would reach your goal in 10.5 years. Double the quantity of e-mails again and your income will double while the goal would be reached in half the time. And so on.
FREE CLASSIFIED ADS
This example is based on a very conservative estimate, considering a reply rate of one order per month for each classified ad you place.
EXAMPLE #2: Placing 50 classified ads each month
50 classified ads = 50 new associates
1st level : your 50 associates with 5 € 250 €
2nd level : each of your 50 associates recruit 2 more (100 x 5 €) 500 €
3rd level : each of your 100 associates recruit 2 more (200 x 5 €) 1,000 €
4th level : each of your 200 associates recruit 2 more (400 x 5 €) 2,000 €
5th level : each of your 400 associates recruit 2 more (800 x 5 €) 4,000 €
ESTIMATED MONTHLY INCOME 7,750 €
ESTIMATED YEARLY INCOME 93,000 €
TO EARN $ 2,000,000, you need 21.5 years
If you increase the quantity of ads placed every month, according to the same principle, your income increase proportionally, thus reducing the required lead time to reach the $ 2,000,000.
Consequently, if you place 100 ads, your income would become $186,000 per year and you would reach your goal in 10.5 years. Double the quantity of ads again and your income will double while the goal would be reached in half the time. And so on.
This examples are voluntarily conservative, just to show better the proportionality closely linking income increase and work load.
Not to fall into such (bad) schemes, you must then set a marketing strategy.
HOW TO SET A MARKETING STRATEGY FOR YOUR OWN BUSINESS ?
May be have you been before in one of these exhibitions where business opportunities were offered, and where a skilful salesman was highlighting the benefits of “dreams and goalsâ€. Understanding such speech is not always that easy, but keep in mind that it is definitely CAPITAL.
Researches conducted about different businesses, including head managersâ€TM interviews and surveys completed inquiring entrepreneurs, show that business owners who succeed are first defining SPECIFIC FINANCIAL GOALS, IN WRITING, with clearly defined DEAD LINES, and having these “goal boards†ALWAYS POSTED CLEARLY.
This is nothing else but a psychological reality : if you do not have clearly defined GOALS or REASONS to work for, then your business has little chances to succeed.
As an example, why donâ€TMt you get a piece of paper and write down now, with your current income, the reasons why you would like to make more money and the goals you would like to achieve, just to put down in writing the specific targets you would like to reach.
To illustrate this idea, here are some goals you might list :
Pay out the debts and loans, pay the heavy bills, etc..
Buy yourself a car, brand new or that dream car.
Move into a larger house, or refurbish the one youâ€TMre living in.
Buy yourself a second residence.
Save money to pay for your childrenâ€TMs college or university.
Buy your family these dream vacations, in a fabulous place, no matter what it costs.
Prepare the future of your kids, their future profession, their future home.
Save to buy this magnificent wedding ceremony for your teenagers.
Be in a position to give more money to you preferred charity.
etc.
No matter what your goals could be, just write them down. Do not forget to list the relevant dead lines and post your list on your refrigerator together with pictures as much as possible, just to make this list even more flashy.
Now that you have your goals posted, you must think about how to act to reach these goals, if these goals are not reachable today. In example, if you joined the MLM program, how you should act to make enough money in due time to reach the different goals in due time.
Note that it is important to diversify your action plan by combining bulk mailings and classified ads. Use the above projections with their results to build your own action plan leading to constitute your actual marketing strategy. Of course, the actual results will obviously vary when you send e-mails out, because some lists are more productive than others. But keep in mind that your action plan is your guideline that should be adapted according to the results you get.
The classified ads should be used to fill the lack of profit due to less productive bulk mailings. They will allow you to gain new associates that will, if you help them with team work in mind, fill this lack of profit. You should consider the ads to insure a 25% buffer so to reach your goals easier.
EXAMPLE OF SALES ACTION PLAN
GOAL(S) TO BE REACHED :
Save for a down payment on a new house
Bring the kids to DISNEY WORLD
TARGET FINANCIAL GOAL = MONTHLY 5,750 €
DEAD LINE (latest date) 6 months from (todayâ€TMs date)
ACTION PLAN TO REACH THE GOAL(S):
Send 25,000 e-mails out per month
Place 10 classified ads per day
Based on this action plan, you can build an Excel table (for example) listing all actions and followp them up, on a daily basis, to actually verify the proper progress and to make sure that, at the end of the said period (dead line dates), you have made all foreseen actions allowing you to reach your original goals. Add to this table the results of your actions and verify that they are in conformity with the goals. Adapt your action plan as necessary. At the end of the period, repeat the same process with new goals.
No matter the bulk mailings, it is always a good idea to place 10 ads per day. This action will stabilize your income even when a bulk mailing is occasionally bringing less replies than usual.
This looks like a heavy constraint ? Personal freedom is quite nice to live. You may decide what to do and when, you may decide to work from home anytime and set your own convenient work hours. Your income will not be affected by your work hours, neither will it be affected if you leave your home for vacations. Be your own boss, mastering time as you wish, but work to reach your goals, no matter the goals !
Do not look like a stranger to your beloved who may still be asleep when you leave home early in the morning or come back late in the evening. MLM offers you the opportunity to manage your time as you wish, with maximum flexibility, organizing your priorities as you wish, because your business keeps running even when you donâ€TMt actually work, but work to reach your goals, no matter the goals !
The LEVER concept is one of the most exciting aspect of such kind of business. It allows you to generate income not only because of your hard work, but also thanks to those working as hard in your “teamâ€. Even though you work part time only, you will get money thanks to all those working in the same team as yours. But work to reach your goals, no matter the goals ! Because, if you donâ€TMt, not only are going to make less money, but also â€" moreover â€" those working with you in the team will also make less ! Think about this !
MLM offers the ultimate freedom : the freest of all companies.
Reaching your goals is the most important issue.
In the best of your interest but also in the best of your
team matesâ€TM interest.
YOU WILL ALWAYS MAKE A LOT MORE MONEY
WORKING TOGETHER THAN ALONE.
PLEASE NOTE:
If you need help with starting a business, registering a business name, learning how income tax is handled, etc., contact your local office of the Small Business Administration (a Federal agency) 1-(800)827-5722 for free help and answers to questions. Also, the Internal Revenue Service offers free help via telephone and free seminars about business tax requirements.
NOTICE
Your earnings and results are highly dependant on your activities and advertising. This report constitutes no guarantees stated nor implied. In the event that it is determined that this report constitutes a guarantee of any kind, that guarantee is now void. The earning amounts listed in this report are estimates only. If you have any question of the legality of this report contact the Office of Associate Director for Marketing Practices Federal Trade Commission Bureau of Consumer Protection in Washington DC.
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