By Eric Worre
Over the years I have shared with you some of the core principles for creating a dream lifestyle and a steady stream of income from Network Marketing.
Leveraging technology and helping others achieve their dreams remain two of the most powerful drivers behind success.
You see, chances are, that at some point you split your time. One half between a 9-5 job and the other half in Network Marketing. You had to do this because the income from Network Marketing had not developed to the point that you could afford to quit you 9-5. I get it.
If that is where you are right not, you’ve probably considered taking the plunge and going full time into Network Marketing and letting the cards fall where they may. The important thing to remember is that your recruits are struggling with the same battle. Who can blame them, almost 90% of people that join a Network Marketing company end up dropping out?
How does that compare the other business models and how does it compare to statistics related to having a 9-5 job.
STATISTIC #1 – 50% of people in the American workforce feel underpaid.
As long as you trade time for money, you will always be underpaid. Network Marketing allows us to duplicate our efforts and income without exchanging time. This is all peaches and bunnies until you run low on new recruits. The dropout rate of new recruits is approximately 95%. That means that only 5% of the people you get started will make enough money to make it a full-time career. As daunting as this may seem it is acceptable if you consider it a numbers game. If you want a team of 100 present to 2000. If you divided that over a year it means you will need to present your offer to 38 people every week. When you include technology, social media, texting, email, and online video you should have no problem presenting your opportunity to 38 people every single week.
If you want to know how the pros present there offer to 100, 200, or even a 1000 people every week click the link below. It will take you to the Social Media Summit. In this online event, I assembled 16 of the most influential social media based Network Marketers. In this summit, they gave away their top secrets to success. Click below and follow their path.
STATISTIC #2 – 800 million jobs are being threatened by automation.
If you asked 1000 people what the most important thing their job provides, what do you think they would say?
George Town University did this exact study and people responded the same 93% of the time. “My job provides me with financial stability.”
In late 2017 a study was performed by Mckinsey Global Institute that concluded that 800 million jobs will be replaced by robotic automation by 2030. To date, this is one of the most catastrophic trends headed for people that rely on financial stability from their 9-5.
As Network Marketers our role is twofold. First, we have the duty to enlighten people about this up and coming trend. If technology has the ability to replace their position it will. Their financial stability will be disrupted and they will be unemployed. It is in their best interest to look into a career that is not threatened by automation. Second, we must let people know that they do not need to be a sales genius to succeed in Network Marketing. It is our duty to put together a game plan for all our team members. We must provide them with a system that will increase the chances of them succeeding in this business. If we do not provide each and every one of them with a simple system that gives them the chance to be in the top 5% of Network Marketers, we have failed our team.
If you would like to copy the systems I used to ensure the success of my team. Click the link below.
STATISTIC #3 – Currently there are 38 million home-based businesses in the United States
Starting a home-based business is more common than ever before. The support systems are larger, the training is better, and the community is larger than it has ever been.
Think about it this way. You decide you are going to open a small business. Let’s say it is a clothing boutique in your local strip center. You rent a building, you buy inventory, you advertise, and hopefully, you sell. Historically you stand a 50% chance of going out of business in your first year and a 90% chance of going out of business by your fifth year. While the statics are approximately the same for Network Marketing careers, the advantage lies in the lower liability.
With Network Marketing you can run the business off a computer from your home. You don’t have to sign a long-term lease on a retail building. You don’t have to purchase business insurance. You don’t have to spend huge amounts of money on advertising. The liability is lower.
The main thing to keep in mind when running a business from home is you need to leverage technology as much as you possibly can. You need to build an online brand. You need to reach out to people in a friendly and non-spammy way. You need to train your team on their time.
If you want to know how the pros are able to leverage social media to grow their businesses from home click the link below.
I hope these statistics did two things. I hope they opened your eyes to the opportunity in front of you and the security it will provide you in the future. I also hope it helped identify your purpose to help others realize their destiny.