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.
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I would love to hear your feedback and comments. Let’s exchange ideas below. Just leave your thoughts/questions.
Tom Doiron says
Dear Jackie,
You wrote, ” This is the ability to get paid month after month on the work that you do one time.” This is the jewel of network marketing and it doesn’t come easy. Write a best selling book, build a file of insurance customers, invent something to improve life for mankind, write a best selling song……..do any of these activities sound easy? I caught a glimpse of the frenzy over lottery ticket purchases because the jackpot was almost a 1/4 billion dollars. That’s easy. Almost as easy as blaming your universe for your fate in life.
Great post Jackie. You scope of knowledge about our industry enables you to explain thing so well.
Happy New Year filled with leveraged income!
Wishing You Plenty To Live,
Tom Doiron
Atlanta
Jackie Ulmer says
Thanks Tom! I appreciate your feedback. It’s funny isn’t it – over time, we learn and develop those business skill sets that we must have for success, if we just keep taking action. Be an “action taker” and you will thrive, as you DO already!
Happy New Year!
EXPECT Success!
Jackie Ulmer