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As a tax and business consultant I have had the opportunity to examine numerous Network Marketing Companies and Compensation Plans. I have also had the opportunity to serve on the Board of directors of a Network Marketing Company called The Fan Club International.
I have also had the opportunity to work with people like Keith Laggos, PhD, President & Publisher Network Marketing Business Journal and leading Network Marketing Consultant and others.
Over the years, I have discovered that there are three essential concepts that you must understand if you really want to build a solid and successful long term sustainable residual income with the Network Marketing Business Model.
I call these three concepts the “Power Trinity” If you fully understand these three concepts it will give a different perspective on building your business using the Network Marketing Business Model. It will save you frustration, it will give you a focus and it will help you to not worry so much about how much time it takes you to build your business as long as you are consistent and persistent.
In summary “The Power Trinity” concepts are:
- Leverage: John Paul Getty said “I’d rather have one percent of the efforts of 100 people than 100 percent of my own efforts.” This translates into what I call Compounding Other Peoples Efforts (COPE) . You are earning money from the work done by a multitude other people but you are only working with a small hand full of people.
- Duplication: It is about having easily duplicatable systems. Contrary to what many network Marketing Companies teach it is not about duplicating yourself. You are unique no matter what you do it is not easy for anyone to duplicate you. However simple easy to understand and implement systems will make your business grow like crazy. (one of the most powerful duplication systems I have ever seen is the Fanpage System. Click here and take a look at it .. You may want to use it for your business .. is 100% Free and comes with a 500 Subscriber Autoresponder)
- Exponential Growth: When you consistently share, and implement leverage and teach people simple easy to duplicate systems, over time, you will start seeing exponential growth which simply means your organization will soon reach a point where it will grow at an ever-increasing rate regardless of what you are doing. It will literally take on a life of its own (Video Below Better Illustrates The “Power Trinity” Concepts)
These three concepts apply regardless of products offered or compensation plans. Traditional, binary, trinary or some hybrid comp plan it does not really matter. Physical or digital type products it does not matter these three concepts apply! It is up to you to learn them, apply them and teach them to your downline.
Obviously the higher the retention rate, the stronger the incentive for periodic payments, actual costs, perceived value, percentage of commissions paid and ease of delivery will affect your business development and growth. But the “Power Trinity” will always apply regardless of these other factors.
I have helped apply the ‘Power Trinity” concepts in a video format for many different Network Marketing Businesses. I have created video illustrations of this concept for high end products, low end products, heath products, tech products, educational products all with a myriad of compensation plans.
Below is a “Power Trinity” video illustration using a digital product called GotBackUp.. Watching this video will allow to see how The Power Trinity Concepts work together synergistically to help you build your business.
One of the Things I like about GotBackUp is that it has a 95% Retention rate with built in guaranteed periodic payments. As you watch it just remember that the “Power Trinity” concepts apply regardless of the products, company or compensation Plans.
Listed below are some of my favorite Network Marketing Opportunities. Each of them are worth investigating.. have fun!
The NowLifeStyle –> http://nowlifestyle.pw/prelaunch1
In 2016, analysts reported that the global wellness economy reached $3.7 trillion and growth is expected to accelerate by 17% in the next five years. In 2017, we predict there will be a tremendous opportunity for network marketers to meet the needs of health-focused consumers
The NowLifeStyle is the embodiment of the heath and wellness industry. It was started by Internet Marketing guru and health and fitness coach Joel Therien. It is not simply about exercise or eating heathier it is about living heathier .. this could very will be the next billion-dollar company.
Not only does this company have an amazing compensation plan they provide every tool that you need to build a online business and brand at an amazing values. For under $25/m You get
[+] Your very own Auto-responder System (value $30 a month)
[+] The ability to capture 10 000 leads/subscribers (value $30 a month)
[+] Your very own video email and streaming (value $30 a month)
[+] Your very own video webinar meeting room (value $100 a month)
[+] *NEW* The Fanpage System Lead and Sales Generator (Priceless)
And a lot more!!
Give the entire system a 30 day test run for just $1.00
(Facebook is no longer optional. If you are in business you must use this Social Media Platform. However, the real power of Facebook is hidden and must be unleashed through 3rd Party apps. For businesses, both home-based and non-home-based, there is only one app that you need and it is 22 Socials app, with this app you can build mini websites, create landing pages, set up paid Facebook groups, hold contests and much more .. all within the Facebook environment. (Not really Network Marketing but still a great opportunity for you to use the power of Facebook to build your business)
Holding conference and webinars is one the most profitable practices that any business can take advantage of. But this conference software does something very few, if any, can do. That is allow you to show PowerPoint presentations, use desktop sharing, hold presentations with more than one speaker all through the most powerful meeting platform of 2016.. Facebook Live!… This is a must application for all business in 2017
GVO WebHosting Reseller—>http://bryankinney.gogvo.com/reseller-hosting.php
One thing that is not going away is web hosting. Millions and millions of people every day need some service to host there, blogs, ecommerce stores, websites and more. You can capitalize on this need and create residual income that is long term because once someone hosts their blog, ecommerce store etc. with you they will continue to pay you no matter what
Please feel free to share this article and to list your favorite Network Marketing Company in the comments section
To Your Success!