In Interest Of The Family

It seems as if most of our nation's households are run by single parents trying their best to make a single income stretch. Even homes with two parents are finding it difficult to maintain an attractive quality of life with rising gas prices, the depreciating value of the dollar bill due to inflation and ever increasing taxation due to a national deficit that will never go away. This has households looking for ways to generate secondary revenue so that they do not fall into poverty. There are so many options available for the seekers. One option that is commonly utilized, for those families fortunate enough to own their homes is to refinance their homes using a line of credit mortgage. This sort of option, however, creates more of a liability as opposed to creating the stability that people are usually seeking.

A mentor once told me that people don't need to hit the lottery or strike it rich overnight and although these things are attractive, what people really need to do is do better things with their time and their money. A colleague of mine was telling me about her experience in a home-based business opportunity she is currently participating in. She began telling a story of determination and commitment. She said that for at least 60 days, her husband and children didn't know who she was. She sacrificed her personality and the luxury of close relations, even frivolous socializing, just to achieve a personal objective that would set her up for life. How many days will you sacrifice to make a better future for your families? Many of you would probably not attempt to build a home-based business if it means giving up your creature comforts. I'm not saying that having fun is a bad thing. To build a home base business requires time, commitment, determination and persistence to see your goal accomplished. When you fail to do the required work you can not blame the business system as the reason you did not achieve your desired results, Financial Freedom.

The bottom line is, no matter what business system or opportunity you are trying to build, your success will be determined by how much are you willing to “sacrifice” to have a financially profitable business base your families can depending on?

Network Marketing Opportunities

Many experts on the topic of wealth creation have identified the Network Marketing concept as being the type of business structure that will most likely create wealth for families. There are a variety of different types of business that fall under the category of Network Marketing. Networking Marketing structures are referral based business structures meaning you must be invited to participate by someone who is already working within that business structure.

One of the most popular of these sorts of businesses is the Multi-Level Marketing company (MLM). These structures have very intricately complex compensations plans that share a varying percentage of a total commissionable amount across a multi-level matrix of recruits depending on their position within a recruiting organization. That made my fingers hurt just typing it. I don't know if there is a simpler way of explaining it. You can't just call it a word-of-mouth advertising business system as is implied by the broader definition of Network Marketing. MLMs really have some intricate compensation plans that, in some cases, allow for earnings to be generated by both the recruiting and sales, the first of which can be quite risky from a legal perspective. There is information online about some very popular MLM companies that are being sued currently for questionable business practices.

Nonetheless, MLM companies are folding all of the time. First of all, only about 3% of their independent agents ever see substantial earnings. The other 97% eventually wash out. This means that someone seeking to induce financial freedom out of one of these opportunities had better have at least one these three things going on:

• A pre-existing huge business community to pull into the business
• The time and shear dogged determination to sustain a hustle mentality for a very long-period of time (forever)
• The ability to help their recruits get paid within a short period of time

The bottom line is, it will take doing something special to find optimal success within these structures. The masses wouldn't be called the masses if everyone could find

success within MLM opportunities, and oddly enough, it's the people at the top of the recruiting hierarchies that have the most to lose by not getting their people paid. They never seem to believe this, but it's so very true. MLM companies rely on fresh blood and they never expect to pay out commissions and residuals in large amounts to the masses of their business networks. If they did they would go opt to go out of business. This is one of the reasons why when you reach a certain level, you lose a huge portion of your downline in all MLM structures. You can build a huge team and still not be able to guarantee your future based on the sweat equity that you've put into your business. There are several documented examples of this practice. Do your due diligence and then choose your MLM business opportunity. MLM is your key to financial freedom.

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