Residual Income in Your Card Business

Do you understand the power in Residual Income?

This is the ability to get paid over and over for the work that you do one time. It’s also called “royalty pay.”

There are very few businesses or industries today that pay residual income. Our Card and Gift Business is one that does!

Musicians, authors and insurance sales people are a few professions that do earn a residual income.

If you were to write or record a popular song, each time that song played on the radio, or a CD was sold, you would receive a commission, or royalty payment.

Residual income in Network Marketing is income you continue to earn based on efforts you put forth initially. This income is based on the sale of products and services. And, these products must continue to generate repeat sales.

This is one reason why “consumable” products are the most effective in Network Marketing. Consumable products are those items that are bought, used up and then replaced, over and over again. Think about cards and gifts. These are consumable, right?

If you are marketing a product that is a one time purchase product, you will have a harder time generating residual income.

Residual income is desirable in Network Marketing, because this is what allows you to put forth a lot of effort in the beginning, and reap the rewards of that for months and years to come!

And, by building an organization of people working toward a common goal, you can ensure a strong residual pay-out that will last for years. This is why it is important that you understand this pay advantage, and invest your effort, energy and time in other people.

Earning residual income requires a few things – first that you take action to get momentum going in your organization.

Second, you continue building on that momentum, and teach others to do the same.

Finally, you learn and develop leadership skills that will provide the foundation that supports your entire organization.

People follow people, and leadership skills are developed. Leaders are created, not necessarily born.

In the beginning, you have the “privilege” of working lots of hours for a little pay. In the end, you have the “joy” of working little hours for lots of pay.

People ask me all of the time how much I made my first month in the business. The answer is – “I don’t know. I don’t know because I still get paid each and every month on the efforts I put into that very first month.” That’s the power of residual income!

Get started and then build on your efforts each and every month.

Be a leader of others and watch the residual income roll in.

Here is Part 1 if you missed it! – What Is Network Marketing.

Part 2 – Understanding Time Leverage in Network Marketing

If you think this would be helpful to others, “Tweet It” or “Like It” at the top of the page or “Share It” right below!

I would love to hear your feedback and comments. Let’s exchange ideas below. Just leave your thoughts/questions.

Time Leverage in Network Marketing

By Jackie Ulmer 2 Comments

This is the ability to get paid month after month on the work that you do one time.

A good analogy that you are already familiar with is the franchising industry. In franchising, the franchisee, or one who purchases the rights to do business using a well-known business name such as McDonald’s, pays a royalty fee every month to the franchiser, or parent company. It’s always a percentage of the profits earned.

The parent company, or McDonald’s, has incredible time leverage. The more McDonald’s stores they have around the world, the more money they make.

But, the parent company certainly doesn’t do all of the work. If they have 5,000 stores, each open 18 hours a day, 90,000 hours are worked daily on their behalf.

The concept works in much the same way with our business system, except you don’t have to pay a royalty fee each month! Imagine building a “franchise” system of hundreds and thousands of Team Partners Sending Out Cards and Gifts to friends and potential prospects.

What might that mean to you over time?

Here is an example – let’s say you start your own Greeting Card and Gift business and begin by investing five hours per week into your business. You introduce your card business system to Mike and begin working with him. He also puts five hours a week into his card and gift business. You now have 10 hours per week working on your behalf, although you are only putting in five hours yourself.

If you and Mike each bring in a new partner, who each commit to five hours, you will soon be benefiting from 20 hours per week. Remember, your actual time involvement is only five hours each week.

By the end of the first month, you have forty hours each week working on your behalf. At the end of the second month, over 640 hours will be invested into your business each week, but not all by you. You are only putting in five.

Do you see the beauty of time leverage?

In network marketing, we are paid for opening “outlets” and teaching those “outlets” to be successful. Who can you send out a card to now and introduce this amazing system?

And, remember, franchising was thought to be a scam in the ’70s, when it first began.

Here is Part 1 if you missed it! – What Is Network Marketing.

If you think this would be helpful to others, “Tweet It” or “Like It” at the top of the page or “Share It” right below!

I would love to hear your feedback and comments. Let’s exchange ideas below. Just leave your thoughts/questions.

Bugs on Your Business Windshield

By Jackie Ulmer Leave a Comment

Business Challenges – How Will You Handle Them?

On a recent road trip, I experienced firsthand some “bugs on the windshield.” We were out of the city, driving up a mountain and drove through a LARGE swarm of some kind of big, awful bug and our windshield was SOAKED in guts and water (sorry, a little graphic!)

It made me think about some of the challenges people face sometimes in their network marketing business and that phrase we hear in Network Marketing – “Bugs on the Windshield.”

Sometimes, you get pounded with a swarm. Here are some examples –

Someone who you really counted on as a leader quits.

Someone who you really counted on signs up with someone else.

The company events are too far.

You waited on hold too long for customer service.

There are too many conference calls.

There is too much training.

There isn’t enough training.

There are too many emails.

An email or phone call doesn’t get returned quickly enough.

The answer can’t be found.

Whatever it is, all of us have those times that we feel the bugs have invaded. It’s going to happen in life; friendships; with children; and with our life partners. Sometimes, it invades an entire town or community. It certainly happens in business.

You’ve heard it before – Tough times don’t last but tough people do.

You are here because you are “a tough person!!!”

NOTE TO SELF – STOP WHINING; STOP THE PITY PARTY; STOP FEELING SORRY FOR YOURSELF; GET OFF YOUR DUFF AND GET BACK IN THE GAME.

We all have stuff that goes on in real life and things that get us down. And, the key words are – WE ALL DO! Everyone who ever built a successful business; every athlete who ever won the gold medal; everyone everywhere has challenges.

It’s how we deal with those challenges that make the difference between those who succeed and those who will quit.

The reality is, we can’t change any of the past, or those things that have happened.

Things change; people change; teams change. My son cried his 7 year old heart out at the end of his first hockey season. He knew he would not get the same team again the next season. He was right. He had a different team; and another one the next season, and so on. And they were all wonderful in their own way, and yet different.

Our team’s will change; leadership changes; products change, and yet there is always reason to embrace that change and make room for the new that awaits us. It’s all about looking at the door opening and not at the one closing.

You are a champion. And, you have a championship season ahead of you. If you just stay in the game, you won’t choke at the free throw line. You’ll sink the ball; be lifted on the team’s shoulders and ride off into the sunset.

When business “slow downs” happen, the first thing to look at is yourself. Did you change anything? Make an adjustment? Take time out to do this, that or the other thing? What are you doing differently? Are you taking the same action steps daily?

There are two things that speak loud and clear – results and excuses.

Which do you produce more of on a daily basis?

When your business isn’t moving forward the way you want it to, who do you blame?

When chaos consumes your life, who do you blame?

At the end of the day, when you are in a funk, who do you blame?

In my early days in my business, I lived with a lot of excuses and blame –

Things will be better when the company does THIS.

Things will be better when my downline does THAT.

More people will be interested when THIS happens.

What a train wreck that kind of thinking was!

I have watched people spend thousands of dollars and thousands of hours building systems and the “perfect” mousetrap, and yet no more mice were caught. I’ve looked for that holy grail as well.

Success in this business is NOT about systems; NOT about the next new product; NOT about the perfect script; NOT about what others can and should do for you.

Yes, systems can help; and new products are nice; and new scripts may feel more comfortable. But they are not what determine your ultimate success.

Success in this business, day in and day out, lies with YOU. Every day, success is a choice. Every step you take and every step you delay determines your success.

What steps will you take and what steps will you delay today? The answers will determine your success and the speed of it.

Today, I feel empowered by what lies ahead; challenged by the new things that are coming; new trainings being taught and new ways of reaching out to people. We don’t need more training; more calls; or more “stuff.” We just need more nuts and bolts action. Everything anyone needs to be successful is already available. The leaders will reach out and grab it. You just need to point them in the right direction and certainly, support them.

If someone on your team doesn’t take action, and you know you have done your job in pointing and supporting, please don’t feel that somehow you haven’t done enough or could be doing more. Success and the desire for it comes from within each person.

Some get started and succeed without ever having any real sponsorship at all and yet they sought out what they needed. The leaders will always do that. Be there to celebrate and embrace the moment with them.

Join us! We look forward to the journey with you!

Why would you start a Business Sending Out Cards

By Jackie Ulmer Leave a Comment

Knowing WHY You Want to Start a Business

If you decided to start a business of Sending Out Cards with our team, do you know why? What would you be working for in your business? Do you have goals and dreams of what will be different in your life once you have “made it?” Do you have these concepts written out on paper?

Developing your “why” is a powerful step in insuring that you set yourself up for success in your network marketing business from the very beginning. Think about it – Network Marketing is a volunteer business. We choose on our own to get started and pursue a business. No one forces us to sign on the dotted line. For many, this can be a double edged sword.

This means there is no boss setting up a job description for you; no one making sure that you complete the tasks necessary to be successful; and no guaranteed paycheck! You are now your own boss and you are in charge of your own success and paycheck. You must be self-directed and disciplined. You must do it without being told to.

Here are some thoughts on creating a powerful why for your business –

Laying your foundation for success is important to keep you in the game and taking action steps daily. When you are very clear on what it is you are working toward, it makes this much easier and more fulfilling. After all, it’s about more than just money. What will the money provide for you?

I remember my first day in Network Marketing as if it were yesterday. It was filled with all kinds of different emotions – excitement, belief, desire, anticipation, fear, disbelief and anxiety. I felt all of these feelings and all at the same time.

Have you felt that way? Do you feel that way now? If so, you are quite normal, which means you have what it takes to be successful!

The secret of the first day is to write down those positive feelings right then. Put them in a notebook, along with your goals, dreams and the vision for your life. This helps shape your reasons for pursuing your business.

Those positive excited feelings are what you are going to fall back on each step throughout your career in Network Marketing. Still today, before I sit down to make phone calls or send an email to prospective business partners, I conjure up those excited feelings and bask in the feelings and emotions that they create. After a few minutes of doing this, I am inspired and motivated to make those calls and make them great!

I suggest you start a dream book. This will serve you well as you travel on your journey. I know CEO’s of Fortune 500 companies that have dream books. It’s a very powerful tool. Go to a nice bookstore, such as Barnes and Noble or Borders and buy a journal with blank pages. Lines aren’t necessary. Pick one that really fits you. Do you like fabric? Floral or stripes? Paisley or something else? Maybe leather is more your style.

Pick something that really fits you. After all, you are going to create your perfect life in this book, so it needs to be YOU!

Begin thinking about the things you want in your life. There are three areas to consider –

Things you want to have. (Your dream house, dream car, exotic trips, jewelry, etc.)

Things you want to do. (Start a foundation for disadvantaged children; speak onstage at your company convention or a generic Network Marketing event, be a Top 10 Income Earner in your company, etc.)

Who you want be. (This is a BIG one. Are you a teacher, motivator, inspirational, or altruistic? This involves words that are about you. Words that people use to describe you.)

Get some magazines and begin cutting out pictures and word descriptions of what you want to have, do and be. Now, begin pasting them into your journal pages, and feel free to write about them, too.

You would be amazed at how many of those pictures from my own dream book are now a part of my life. Some of them I cut out, pasted in the book and never really thought of again. And, then, they showed up in my life!

Read through the pages of this book twice a day, at least. Once in the morning, first thing, and once at night, just before you drift off to sleep. Run these “pictures” through your mind every day to get yourself inspired and create an anchor for your success.

Now, you have a very powerful reason established for pursuing your business. As you build it, this will compel you to continue moving forward when someone tells you “no” (and they will), someone says you are crazy, or tells you that you have joined a cult or pyramid! Let your dreams and passion keep you from ever quitting or losing your drive to keep going.

Surround yourself with people who support you in your dreams and those who also share your goals. Work daily on developing the right attitude for success, and keep your belief system strong. Believe in yourself, the profession of Network Marketing and the power of your dreams.

You’ll get out of your business exactly what you put into it. Make sure you have compelling dreams and goals and give your business the best you have each and every day, and it will reward you with the best offered!

Let us get a business pack sent to you so you can decide and get started with our powerful team!

« Previous Page