Previous post in this series: Financial Intelligence in MLM Network Marketing Pt. 9 – MLM and Gravity

Financial Intelligence in MLM Network Marketing: The most logical stuff you come across as a professional networker is the magic formula of “multiple sources of income”.

The more income streams you’ve got, the richer you get and the faster you get rich.

And it’s a matter of diversification. That sounds so logical that hardly anybody wastes time to think clearly about it.

Let me tell you my opinion about this so that you can add some new points of view to your strategy and to your business, if you want to. And perhaps, you may want to re-consider your strategy. So please, do what has proven to be successful for you. Never change a winning formula as long as it wins. But if you feel that your topical winning formula may no longer be winning or never has done so, you may want to make some careful corrections.

So let me share what I think about “multiple sources of income”. A word of caution: This advice is only useful for people who want to create true longterm residual wealth.

1. Let’s start with “diversification”. Warren Buffet says when it comes to investing that diversification is only for people who don’t know what they’re doing. Professional investors who know what they’re doing, focus. They focus, focus and focus. The same holds true with business opportunities in MLM Network Marketing: If you know what you’re doing, there’s no need to diversify and to market two or more different opportunities. You can focus your time, energy and effort.

What does that mean, knowing what you’re doing ? Well, that’s starts way before marketing a company. It starts when choosing a company, when doing your due diligence. If you don’t know what you’re doing and you choose a company with annual renewal or termination clauses in their policies and procedures, for example, well, then of course, you need to diversify if you get terminated.

But why should you knowingly join such a company if there are companies in the marketplace without such flaws ? As I’m with such a company, there’s no need for me to diversify and to weaken my brand. I focus my time, effort and energy and leverage them instead of weakening them.

2. Secondly, there’s the idea of making money from those prospects who don’t join you. This idea is so logical that I once didn’t realize that my emotions did my thinking because it seemed so logical. Now I say: If you’ve got laser-targeted leads, then you’re making more than enough money from those prospects joining you.

You don’t want to waste your time and energy trying to sell stuff to people who never would join you to make a few bucks from them.

It’s residual income when people join you with a good company. Otherwise you are forced to produce leads over and over to sell them something and/or you must create new products over and over that can be sold to them. If that is your goal, alright, then this advice is not for you. But if you are like me and want to create true residual wealth, you don’t want to get side-tracked by the temptation of short-term affiliate commissions.

And: If you are with a company with good products that are value-priced with a good compensation plan, then this business should make you more than enough residual income. So why diverting the focus from such a great residual income source to affiliated lead-generation systems ? In my opinion, this divertion of focus and effort is one of the most expensive self-evident truths there are in the marketplace.

I talked to a lot of people – good people, MLM warriors – who came to realize that they were investing a lot of time and effort in building a lead generation system-business instead of building their MLM business. At the end of the day, neither the system was successful nor the MLM business. Not to forget maxed out credit cards. Multiple streams of outgo instead of multiple streams of income.

I recently read the following:”I don’t care if you join my primary opportunity or not…” I continue like that:”…because I squeeze you out like a lemon anyway.” Am I wicked and mean ?

3. So let’s come to the idea of making more money and/or getting rich more quickly when marketing two or even more opportunities.

Making “more” money ? Getting rich more “quickly” ? MLM Network Marketing is an excellent opportunity to become rich beyond your wildest dreams. And rightfully so. It takes time, effort and dedication. So an MLM Network Marketing business is certainly not a GRQ-scheme (Get Rich Quick).

This should tell you something…Remember the emotions in MLM Network Marketing that are harmful to building wealth: Greed, ego, fear…Occasionally, this strategy may work for “red” personalities. But, dear Reds, you are only 90 % of the population. And for the rest, it’s simply not duplicatable. By the way 50 % of the Reds don’t like to be sold either.

You can sell them on an opportunity, of course. But they can’t do what you’re doing. Another question: Why exclude 90 % of my target market through promoting a strategy most people can’t follow ?

And hear my words: These people aren’t losers, they’re winners, warriors who can succeed when put in an environment designed for them and the 90 % of the population.

4. Finally, I want to tell you that I of course nurture multiple sources of income. I love them because ultimately, they make me rich beyond my wildest dreams. How that after the first three paragraphs of this post ?

Well, I look for investment opportunities outside the MLM Industry. Once my true (!) residual income exceeds my expenses, I invest the excess of cash in real estate with positive cash flow (not my home of course !) , in paper assets and perhaps other businesses outside MLM Network Marketing that are run by other people – certainly not by me. In my mind, this is true diversification without weakening my focus. Does that make sense ?

Let me repeat it: I can help you getting your personal blueprint to your success in MLM Network Marketing, it’s not rocket science, it’s easy to do and it’s just as easy not do – that’s the disadvantage and the reason 95 % of the readers of this post won’t do it. I know that. That’s why I’m happy and grateful about every person who does it – in their own best interest. It’s easy to do, and it’s easy not to do. “The Slight Edge” (Jeff Olsen)

What is your opinion about financial intelligence in MLM ?

I always love your reaction, so please leave me a comment down below with questions, thoughts, or feedback.

And (yes, here’s my call to action) please share this post with your Twitter and Facebook friends by clicking on the share buttons above.

I appreciate you telling others.

To a prosperous life,

Oliver Tausend
+1 201 984 5664 office North America (anytime)
+49 1512 9125216 office Germany & other countries (anytime)
Skype ID: guernsey2016 (anytime)
wordpress@olivertausend.com
Frustrated network marketer ? Would you like to do something about it ? If so click here.

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