Card Business Duplication and Geometric Growth

DUPLICATION AND GEOMETRIC GROWTH.

Another exciting concept, and probably the most exciting concept!

Have you heard the “Penny a Day” story? This is a good illustration to get you thinking about the power of this geometric growth.

Let’s say you start on the 1st day of the month with 1 penny in your bank account. Now, you are going to double it every day for the rest of the month.

Any guess about how much you will have in your account on day 30, or, day 31?

Well, here you go –

Day 1 – 1 cent

Day 2 – 2 cents

Day 3 – 4 cents

Day 7 – 64 cents (hmmmm)

Day 14 – $81.92 (getting a little more interesting)

Day 21 – $10,485.76 (getting A LOT more interesting!)

Day 30 – $5,368,708 (I’m definitely interested!)

and you can do the math on Day 31!!

See the power of geometric growth and duplication? Imagine what that can mean to you in a Greeting Card and Gift business where we have virtually no competition?!

Duplicating yourself means teaching someone else to do what you do. When the two of you each teach another person, you duplicate it again, only twice. And so on, and so on, and so on!

(Remember that shampoo commercial about telling two friends, who tell two friends?)

That’s Network Marketing!

Combine the three strengths, and you’ve got a remarkable system for success, that ANYONE can do, if they CHOOSE.

Study these concepts and learn how to explain it. And, watch your business grow, and duplicate, and so on, and so on.

One important thing to note is that true success in this industry starts with a few customers. Others who love your product or service and want to buy it, without getting involved in the business side of it.

Learn how to develop a few loyal customers and teach those who join you in the business the same concept.

The success of any business is grounded on the principle of having customers for your business. This is easy in a business of Sending Out Cards and Gifts. How many friends and business do you know who need to keep in touch? We have hundreds and even thousands of business owners who use and love our service.

They know customer care is a big part of customer retention and sending out a personalized card a few times a year scores big points in making customers happy, appreciated and likely to give referrals!

Don’t be afraid of the word “sales.” It’s not a dirty word and even though some in our industry run from it, don’t be one of them. “Sales” is not about brow beating someone into using your products. It’s about developing your own story around your hot button and then sharing that with others. Those who can relate to your hot button will raise their hand and let you know.

This is where you find your customer base. Some of those customers will love your card and gift products so much that they want to market them, too. Great!

Just don’t try to force the ones who only love the product into selling them. Instead, appreciate their support, and reward them for being “ambassadors” for you. When they refer others, you can give them free product, a discount, movie tickets, or something!

After all, you wouldn’t expect the waiter serving you dinner to try and talk you into going to work at the restaurant. Same is true in our business.

So, now you should have a pretty solid grasp on the concept of Network Marketing, and how time and money leverage can create an exciting business and lifestyle for you.

Here is Part 1 if you missed it! – What Is Network Marketing; How Does a Card Business fit into it?

Part 2 – Time Leverage in Network Marketing and your Card Business

And, Part 3 – How Residual Income Works in Network Marketing and With Our Card Business

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.

Residual Income in Your Card Business

By Jackie Ulmer Leave a Comment

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.

2 Prospecting Conversations a Day

By Jackie Ulmer Leave a Comment

The Power in Two Prospecting Conversations a Day

When I started my career in Network Marketing back in 1994, I was told the value in having just 2 prospecting conversations a day. That is; contacting 2 people a day and letting them know about my business. That was my job – just simply notify 2 people and see who might want to take a look.

Imagine how powerful this would be in your Greeting Card Business Opportunity! Imagine asking just 2 people a day the following questions:

Do you know anyone who sends out greeting cards or gifts?

Do you know anyone who wants to get paid when people they know send out greeting cards and gifts?

Simple? Absolutely and it is truly the ticket to your success in your business.

The power in just talking to 2 people a day about your card business or our card and gift products is staggering. It may not seem like much that day (and on the other hand, it may seem like a TON) at the end of the month, you’ll have talked to 60 people. I would be willing to bet, if you are doing things correctly and keeping the needs of the person to whom you are speaking in mind, you are going to have some level of success to report back at the end of that month!

Consistency in this business is CRITICAL!

If you are feeling overwhelmed and as if you are struggling, stop for a minute and determine what your 5 most important action steps are EACH DAY and EACH WEEK.

Certainly, talking to 2 people a day would move you forward if it was on your daily action list. I encourage you to start a list right now and then let me take you through our Fast Start Training Guide and get your business launched successfully!

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DUPLICATION AND GEOMETRIC GROWTH.

Do you understand the power in Residual Income?

The Power in Two Prospecting Conversations a Day

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