Peter Arnold / Canada
Joined: 29 Oct 2005 Posts: 139 Location: Atlantic Canada
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Posted: Sun Mar 19, 2006 9:11 pm Post subject: Question => What would YOU do? |
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Hello Business Associates:
QUESTION: -What would YOU do - - -
if someone offered you - $100,000 in "cash" - right now?
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The average person would gladly take the $100,000 - and run.
WHY? - Because it's certain money - it's up front - it's immediate - there's no waiting - there's no effort. Perhaps they would pay off some debts - or even 'invest' it, to produce a (taxable) income. At say 8%, that = $8,000/yr gross. But most would let it fritter away, according to all the statistics. And it often has to do with the 'lottery' mentality which is so rampant in our society today.
TRAGEDY - It's no wonder that 95% of the population who retire at age 65 have less than $2,500 in savings. They retire 'below' the poverty line - they cannot retire with any dignity. Tragically, they have missed the boat. Often it's too late. Perhaps there's a good reason. Perhaps life's struggles were insurmountable - outsourcing - job losses - business failures - ill health - whatever. Or perhaps they just kept repeating the mistakes of the masses - - poor money management skills - - lack of discipline - - credit card insanity - - no delayed gratification, etc.
BUSINESS ASSET - But what if some of these same lost souls had been offered an 'INCOME PRODUCING ASSET' instead - by someone who cared, along the way? - Like a "real estate" investment (an office building, fully leased - an apartment complex, etc) - something that had the potential to throw off a handsome "cash flow" - and to "appreciate" in value, over time -provided there was real effort and sweat equity put in - and discipline and patience applied?
Or, what if they had been offered an even "better" deal => the "gift" of owning a good 'MLM HOME BUSINESS' (a remarkable "income producing business asset" in itself, if treated correctly)?
THE 'PENNY' - Most of us in this industry have heard the story of the "penny doubling". That is, if people were offered the "choice" - starting right now - of having either $1,000/day - every day, for the next 30 days --OR-- of having one penny 'doubling' every day, for the next 30 days - which offer would most people take? They would take the $1,000/day (= $30,000 in 30 days) - the same as with the $100,000 above - because they can (sort of) - see it - touch it - and smell it - right "now" - instead of waiting until later - and also, they cannot 'relate' to the power of "compounding" (doubling, every day, as in the case with the penny).
Sad - very sad - because the 'eventual' total of that lowly 'penny' will far outstrip the more immediate total of the $30,000 => it's over $5 MILLION - see below!
MLM // NETWORK MARKETING - That exact same power of the penny "compounding" - is at the very 'heart' of Network Marketing (MLM). It's called EXPONEMTIAL GROWTH - by DUPLICATION - through the awesome potency of LEVERAGE. It is there - for anyone who will apply the principles of good business and financial management - a strong work ethic - some vision - some faith - action - patience and persistence. The reality is however - most will quit, or give up too soon, because there are too many "obstacles" preventing them from 'seeing' the P-R-I-Z-E.
But - for those who will PAY THE P-R-I-C-E - the rewards possible (and not only 'money') can be almost beyond belief.
Here is how your PENNY would look if we doubled it - every day - for a month:
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Day 1: 1¢
Day 2: 2¢
Day 3: 4¢
Day 4: 8¢
Day 5: 16¢
Day 6: 32¢
Day 7: 64¢
Day 8: $1.28
Day 9: $2.56
Day 10: $5.12
Wow! DAY 10 - and we're making a whopping $5.12! Our friends who took the $1000/day are probably having a good time, at our expense ($10.000 already!). But wait...
Day 11: $10.24
Day 12: $20.48
Day 13: $40.96
Day 14: $81.92
Day 15: $163.84
Day 16: $327.68
Day 17: $655.36
Day 18: $1,310.72
Day 19: $2,621.44
Day 20: $5,242.88
DAY 20 - and we've now made over $5,000 That's great - but it still doesn't compare with the $1000/day ($20.000 now!). Give up? Do we want to QUIT? Or do we have the faith to 'hang in there' - to see the bigger picture - because we believe in ourselves?
Day 21: $10,485.76
Day 22: $20,971.52
Day 23: $41,943.04
Day 24: $83,886.08
Day 25: $167,772.16
Day 26: $335,544.32
Day 27: $671,088.64
Day 28: $1,342,177.20
Day 29: $2,684,354.40
DAY 30 => $5,368,708.80! - (Now, are we glad we 'stayed the course'?)
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WOW! Too good to be true? That's what most people will say about a 'penny a day, doubling', even though the facts are clear. Go ahead, grab your calculator and run the numbers yourself. You'll get the same results. Obviously, in the real world, it's impossible to find a rate of return (on money) that equals 100% - doubling - every day, but this is to make a POINT - about "compounding" and "leverage" within NWM.
OK, so over 5-million dollars - in only 30 days - using one penny to start - and 'doubling' it every day. That's the power of "compounded" geometric growth - which WE can apply to our NWM businesses.
That's the power of OUR Network Marketing (MLM) "income producing asset".
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EXAMPLE - Let's say we recruit just five (5) people in our first month, and each of them recruits five more in the second month, and so on. In six (6) months, we'll ((theoretically)) have 19,530 people in our organization. That's 'perfect' geometric growth - which won't happen. But it gives us the 'concept' - and that's also part of the the "power" of MLM // Network Marketing.
THE 'BEST' - As a Business and Financial Advisor, who constantly studies and * many different businesses for clients, I personally feel there is NO business / financial opportunity available anywhere today, as powerful as the "Network Marketing" business model - especially when harnessed to the "Internet" - as a Home Business - reaching people all over the globe in many cases. Being in this industry as well, I may be a little biased, but I totally believe this. Why not grasp it and run with it? Perhaps we can put a large 'dent' in those otherwise startling 'statistics'.
Sincerely / Peter A.
www.PeterArnoldOnline.com
Peter Arnold, CLU, CFC // Founder
www.BusinessAchieversAcademy.com |
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