|
Why
Do You Recommend Network
Marketing?
Robert Kiyosaki's Answer:
When
I first heard about network
marketing, I was against
it. But after opening
my mind, I began to see
advantages that few other
business opportunities offer.
Long-term success in life
is a reflection of your
education, life experience
and personal character.
Many network-marketing companies
provide personal development
training in those key areas.
Most schools train people
for the E or S quadrants,
and that is great if those
are the quadrants in which
you want to spend your life.
Most MBA programs are training
students for high-paying
jobs in the corporate world
as an E, not a B.
What if you're in the E
or S quadrant and you want
to change? What if
you want to be in the B
quadrant? Where do
you find the education that
trains you for that quadrant?
I recommend a network-marketing
business. I recommend
the industry for people
who want to change and get
the necessary skills and
attitude training to be
successful in the B quadrant.
Being an entrepreneur and
building a B quadrant business
is one of the toughest challenges
a person can take on.
The reason there are more
people in the E and S quadrants
is simply because those
quadrants are less demanding
than the B quadrant.
As they say, "If it
was easy, everyone would
do it."
Personally, I had to learn
how to overcome my self-doubt,
shyness and fear of rejection.
And I had to learn how to
pick myself up and keep
going after I failed.
These are some of the personal
traits a person must develop
if they are to be successful
in a B quadrant business,
regardless of whether it
is a network-marketing business,
a franchise or an entrepreneurial
startup.
An
important personal skill
required for any B quadrant
business is leadership.
Are you able to overcome
your own fears and have
others overcome their fears
in order to get the job
done? This is a skill
the Marine Corps taught
me. As Marine Corps
officers, it was imperative
that we be able to lead
others into battle, even
though we were all terrified
of dying.
I meet many people in the
S quadrant, the specialist
or small business owners,
who would like to expand,
but they simply lack leadership
skills. No one wants
to follow them. The
employees do not trust their
leader or the leader does
not inspire the employees
to better themselves.
As mentioned earlier, Forbes
defined a big-business owner,
a B quadrant business owner,
as a person who controls
a business with more than
500 employees. This
definition is why leadership
skills are vial for the
B quadrant.
Where could you find
a business that will invest
the time in your education,
your personal development
and building your own business?
The answer is: most network-marketing
business.
Building a B quadrant business
is not an easy task.
So you need to ask yourself,
"Do I have what it
takes? Am I willing
to go beyond my comfort
zones? Am I willing
to be led and willing to
learn to lead? Is
there a very rich person
inside of me, ready to come
out?" If the answer
is "Yes," start
looking for a network-marketing
business that has a great
training program.
I would focus less on the
products or the compensation
plans and more on the education
and personal development
program the company offers.
A
network-marketing business
is a B quadrant business
because it meets several
criteria I look for in a
business or investment.
Those criteria are:
- Leverage:
Can I train other people
to work for me?
- Control:
Do I have a protected
system that belongs
to me?
- Creativity:
Will the business allow
me to be creative and
develop my own personal
style and talents?
- Expandability:
Can my business grow
indefinitely?
- Predictability:
Is my income predictable
if I do what is expected
of me? If I am
successful, and keep
expanding my business,
will my income increase
with my success and
hard work?
Isn't
Network Marketing A Pyramid
Scheme?
I am often asked if network
marketing is a pyramid scheme.
My reply is that corporations
are really pyramid schemes.
A corporation has only one
person at the top, generally
the CEO, and everyone else
below. The following
is an example of a typical
corporate pyramid:
Compare that to a
network-marketing business
system:
A
true network-marketing business
is the exact opposite of
a traditional business model.
A network-marketing business
is designed to bring you
up to the top, not keep
you down at the bottom.
A true network-marketing
business does not succeed
unless it brings people
up to the top.
Additional Points
Worth Mentioning
The following are some other
points worth mentioning:
- Tax
breaks increase.
By starting
a network-marketing
business in your spare
time and keeping your
regular job, you begin
to gain the tax advantages
of the rich. A
person with a part-time
business can take more
tax deductions than
employees can.
For example, you may
be able to deduct car
expenses, gasoline,
some meals and entertainment.
Obviously, you need
to check with a CPA
for exact rulings on
your situation.
And the cost of your
CPA is tax-deductible.
In most cases, an employee
cannot deduct CPA expenses.
In other words, the
government will give
you a tax break for
advise on how to pay
less in taxes.
- Meet
like-minded people.
One of the
advantages I had is
that my friends also
wanted to be in the
B quadrant. When
I first started out,
most of my E quadrant
friends thought I was
nuts. They could
not understand shy I
did not want a steady
job or a steady paycheck.
So an important part
of becoming a B is to
surround yourself with
other people who are
Bs and want you to become
a B.
- Give
yourself time.
It takes time to be
successful in any of
the quadrants.
Just as it takes time
to climb to the top
of the corporate ladder
as an E, or become a
successful doctor or
lawyer In the S quadrant,
it takes time and dedication
to become successful
in the B quadrant.
It took me years before
I built a successful
B quadrant business.
- Network-marketing
companies are patient.
One of the
beauties of a network-marketing
business is that it
will invest in you,
even if you are not
successful.
In
the corporate world, if
you are not successful in
six months to a year, you
are often fired. In
the network-marketing world,
as long as you are willing
to put in the time, most
companies will work with
you in your development.
After all, they want you
to get to the top.
- Leverage
the systems that are
already in place.
These systems
are already tried and
proven, which allows
you to hit the ground
running instead of trying
to build the internal
system of a new company.
In
conclusion
After opening my closed
mind, I could finally see
some of the unique benefits
the network-marketing industry
offers people who want more
out of their lives.
Generally, it costs much
less to get started in a
network-marketing company
than to build a business
on your own.
-Robert
Kiyosaki
Donald Trump's Response
Marketing is a powerful
tool, and network marketing
can increase that power,
provided you are self-motivated.
In a simple visual, see
a product and then remove
the advertising agency from
it. It is up to you
to do the marketing and
advertising.
That's a big job, but it
can be done if you are passionate
enough to get it going on
your own and to jeep the
momentum and motivation
going at a high level.
It requires an entrepreneurial
spirit, and that means focus
and perseverance.
I do not recommend network
marketing to people who
are not highly self-motivated.
Another important aspect
of network marketing is
that it is inherently social,
so if you are not a social
or outgoing person, I'd
think twice about going
into it. Sociability
is a requirement.
Just like in advertising,
there's no point in having
a fantastic advertising
campaign if the product
isn't equally fantastic.
Also keep in mind that if
you decide to become a distributor,
you will be legally responsible
for the claims you make
about the product, the company
and the available opportunities.
But above all, make sure
the product is worth your
energy and total devotion.
Otherwise, you could be
energetically spinning your
wheels.
Robert mentions the importance
of going beyond your comfort
zone when it comes to network
marketing. He also
mentions giving yourself
enough time. These
are good points to consider.
I would also agree that
having leadership qualities
is critical for success.
You definitely have to have
a take-charge, can-do attitude.
As with any other undertaking,
know everything you can
about what you're doing
before you begin.
Network marketing has proven
itself to be a viable and
rewarding source of income,
and the challenges could
be just right for you.
There have been some remarkable
examples of success, and
those successes have been
earned through diligence,
enthusiasm and the right
product combined with timing.
As with so many issues we
have discussed before, there
are tangibles and intangibles
involved, but success is
not a total mystery, and
that applies to network
marketing as well.
Most people have heard of
focus groups, a research
tool that advertising agencies
use when they are testing
a new product. They
will go out to different
locations and simply ask
everyday people what they
like and don't like about
a new product. Its
best if you can keep the
focus group idea close at
hand when you are deciding
about a product. Just
because you like it doesn't
mean everyone else will.
Finding a common denominator
in product appeal will matter.
My nutshell advice about
network marketing is to
do your research and then
put everything you've got
into your product. Genuine
enthusiasm is hard to beat,
and the odds will be with
you.
-Donald Trump
|