Time Management

The “WHEN” question…

I thought it appropriate to share ONE specific question that comes up a lot during conversations and training sessions:

The Question:

“WHEN can I expect to earn the amount of 26 000 ZAR passive income as showcased on the slide show and on the calculator when I and my team, focus on inviting only TWO members each?”

See, the “WHEN” question is such a relevant question since so many members have a shortfall on their budget and sometimes urgently need to create or supplement their income… not tomorrow, but today, hence they need to know “WHEN”!

Everyone asking the question is clear on how to do it… which is through the process of DUPLICATION, and we have a slide show which clearly  illustrates how to GROW your monthly income beyond 26 000 ZAR by means of duplication.

Just follow this link to review the slideshow if you have not seen it before (see slideshow on how duplication works).

The Answer:
Although we don’t want to hear it, there is no such thing as a get rich quick scheme, except if you win the lottery, and the odds on winning that is based on luck, and not effort!
Since Network Marketing is based on effort, I would normally answer the question by first asking a counter question!
“How long do you think it will take you to get your first TWO people?”
  • If you respond: “a month”, then we can assume that your level 1 would fill in a month.

By asking this question we associate levels with time, and this is very important to understand the “WHEN” question.

Next we have to determine how long it would take for the members you invited and the members they invite, to invite THEIR 2 members… and that is a tricky one!!

It all depends on the quality of people you and your team invite:

  • Do they understand how the business works?
  • Are they “like-minded” people who are eager, willing and able to put in the same effort as you to get their business going by duplicating what you have done, in the SHORTEST POSSIBLE TIME?

Theoretically, if every new member who signs up in your business gets their first TWO people into their respective levels within a month, then we can assume for all practical purposes that duplication takes a month, therefore each level will take a month to fill, and because you have 10 levels, it will take 10 months for all your levels to fill with members.

This means you could achieve a MONTHLY passive income of just over 9 000 ZAR in 10 Months.

To account for holidays, personal and other external factors, let’s add another 2 months. This gives you a realistic total of 12 months (ONE year).

So where does the other 17 000 ZAR come from (the difference between the 26 000 ZAR and 9 000 ZAR mentioned above)?

  • It comes from members on your 10th level who start off as “Affiliate” members whom we automatically upgrade to “Connecta” status when their team and income growth exceeds their product cost and the Connecta fee. This takes, on average, approximately 5 months if all the team members duplicate the system.
  • When “Affiliate” members are upgraded, there are subsequently more profits to share, which has a far greater impact on the profits calculated as per the current compensation model’s ranking feature.

To be fair again let’s add another month, to account for holidays, personal and other external factors, making it 6 months. When you add the original 12 months, it brings the total number of months to 18.

So the ANSWER is 18 MONTHS, provided it takes you and each of your team members no more than 1 month (30 days) respectively to invite 2 team members to join MEMA, and enjoy any of our valued and market related priced products and/or services on offer from time to time.

SURPRISED??

Sorry if you are disappointed, but YES, unfortunately MEMA is a proper traditional network marketing business, and not a GET-RICH-QUICK SCHEME.

Participate members understand the medium to long run benefits MEMA provide for them as they effortlessly keep on chipping away building their team, their business and their residual income.

There are 5 core reasons why members are choosing to make MEMA part of their income opportunity portfolios, and you can read more about those reasons HERE.

“Twenty years from now you will be more disappointed by the things that you didn’t do
than by the ones you did do. So throw off the bowlines.
Sail away from the safe harbour. Catch the trade winds in your sails.”
~ Mark Twain
Mark_Twain_ Quote

Disclaimer: This period could be shorter, but it could be even longer – and is totally dependent on the factors mentioned above.

I hope this article brings clarity and perspective to the question of “WHEN” and the steps you can take to ensure you reach your financial rewards within the next 18 months, even if it means to start AFRESH and invite 2 new “like-minded” members within the next 30 days and teach and mentor them to do the same.

 

Thank you for reading.

Phillip Strydom

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NETWORK MARKETING – What it is and how to share your business opportunity.

Many people are unsure about the business of Network Marketing and what it is. Network marketing often gets a bad rap. Because it’s a different way of doing business with a new form of business system, many people look at it suspiciously and think of it as a scam.

This article provides some information and guidance on how to share your particular business opportunity.

NETWORK MARKETING IS A FORM OF ADVERTISING & DISTRIBUTION

Network Marketing is simply a form of distribution that uses “word-of-mouth” advertising as a way to educate the public on the particular benefits or a particular product/service. It eliminates the need for costly media (TV, radio, newspapers, magazines) advertising which can represent more than 50% of the product cost.

YOU DO IT ALL THE TIME!

Have you ever recommended a good movie to a friend? What about the latest deal you found at a particular store or the quality of a certain product you just purchased? When you refer others to a business establishment or to one of their products, you are marketing their products or services – without being paid for it. Many service oriented businesses want happy customers who will spread the word about their quality services. As a result, they will PAY you to advertise their services through word of mouth to people who know and trust you.

Many people are sincerely and diligently building successful network-marketing businesses that have made a positive impact on their own and others’ financial futures.

WHY IS THERE SO MUCH MONEY IN NETWORK MARKETING?

Profits are shared between the company and the Independent Business Affiliates

Wouldn’t it be great if you were paid a percentage of the revenue you brought to a business because you referred someone to them? This is the concept behind Network Marketing. Network Marketing companies can afford to pay their Affiliates what they save in advertising. Instead of allocating the money to media advertising, Independent Business Affiliates are paid in the form of commissions and bonuses to those responsible for creating the sales.

For a reasonable entry fee or monthly subscription (often only a few hundred Rands), you can join an existing business system and immediately begin building a business. And because of technology, this can be done almost entirely online and automated. Paperwork, order processing, distribution, accounting, and follow-up are generally managed by the network-marketing software. This allows you to focus on building your business instead of worrying about the normal start-up headaches of a small business.

Residual income is an attractive feature of Network Marketing

Residual income is income that is paid to you long after the original effort for the sale that was made. Insurance agents earn residual income each time one of their customers renews their policy. It required only the original effort to get the account (and maybe some effort to maintain it) and he/she gets paid each time the policy is renewed (and the subscription paid).

Network Marketing takes this a step further. It gives Independent Business Affiliates the ability to leverage themselves by earning from the efforts of others in their network. (This is called duplication when people in your network build their own teams – thus doing what you had originally done.) Each time any of those in your network renews a product/service purchase (pays their subscription), even though it may not have been directly related to your effort, you earn residual income because it was your initial effort that, either directly or indirectly, generated the sale.

I DON’T LIKE TO SELL TO MY FRIENDS!

Most “Networkers” feel the same way. Network Marketing isn’t about getting friends or family involved in something that you don’t believe in. You must believe that it will help everyone (not just friends or family). If you don’t believe in it, you should never pursue it. Those who believe they can succeed with it have hope, confidence and the ability to set goals and carry them out.

Network Marketing is a business, NOT a “get-rich-quick” scheme. It should be treated like a business – only more important, since it is YOUR business (as an Affiliate to the company you’re working with). If you started your own “traditional” business – how would you promote it if you didn’t believe in it yourself?

HOW DO I SHARE MY BUSINESS WITH OTHERS?

  • Always remember that people are looking for solutions to their problems or challenges.
  • First establish if the person you’re engaging needs an additional income and is open to exploring another income stream option.
  • Then share the business concept.
  • NEVER talk about the amazing product you have! That’s the LAST thing you’ll share! You’re offering the person an opportunity to earn an extra income. You’re offering (“selling”) a solution!

Establish whether they:

  1. DESIRE to increase or supplement their income
  2. Are OPEN to exploring another way of making money part-time
  3. Will put in the TIME, EFFORT and COMMITMENT it will take to increase their income
  4. Are WILLING to help others achieve the same goal
  5. Have easy access to a mobile phone/laptop and the internet and have their own email address.

If so, they’re good to go…

Now hand them your Affiliate referral link, assuring them of your FULL support as they build their business.

Happy sharing of your information to earn an income!

Did you find this article useful? I would appreciate your comments.

Wendy Arendse