Lesson 13, you must believe in network marketing. Network Marketing is one of the most misunderstood business concepts in the world. Many people think they know what network marketing is, but they really don't. Some people find it easier to bad mouth, something they don't understand, then to actually learn what it is, why it works and how it could benefit them. networks have distributed products for a very long time, you've probably been buying products distributed by networks your entire life. When you buy car insurance from your local insurance agent, he or she gets commissioned.

The person who sells insurance to you didn't create the policy or have to worry about backing up the policies with millions of dollars in the bank to pay claims. What many people do not realize is just like network marketing. There are other people who get paid on that same sale. General Managers, district managers and others. Insurance companies may have different titles, but the basic concept is the same throughout the insurance industry. Many people buy groceries from the local IGA grocery store, which stands for independent grocers Association.

It's another network of independent business owners distributing products made by somebody else. Do you watch NBC, CBS, ABC or Fox? They are all television networks and their products, the nightly news primetime programming things like CSI American Idol, 60 minutes and NCIS are distributed through local TV stations. Every bought a car, you've probably bought at least one car from a network of dealerships. Your local Ford, Chevy, BMW and Honda dealer doesn't make the car. He or she is an independent business owner who sells cars and makes a commission and that's just like network marketing in every car.

Dealership there are several people who make Commission's when you buy that car just like network marketing. When you go to work as a salesperson for a car dealership, chances are none of your friends will make fun of you because you join one of those pyramid scams. Funny thing is the way people get paid in many businesses around the world is almost identical to the way we get paid as network marketers ever buy gas to put in your car. Of course you do. And once again that gas station owner doesn't make the gas. But the company that refines gasoline distributes its product through independent business men and women who own gas stations.

Nobody would make fun of you if you decided to start your own convenience store at least most people wouldn't and sell gasoline. You would have to invest a lot of money and you might lose your shirt. You may even have to borrow money from your family, friends and even your bank. But chances are people would On the back for taking control of your own destiny by starting your own business, start your own traditional business. And it could cost you a lot of money. been there done that.

Learn that lesson the hard way. The more I think about it, I made a lot of mistakes in every area of my life, yet my life is good. You'll always miss 100% of the shots you don't take. But sometimes you get to win and win big and network marketing gives you that opportunity. Many years ago, I purchased a radio station for $300,000. Fortunately, the seller wanted out of that business really bad.

So we financed most of it. But I still needed money to get started. I sold a car that was paid for and many other things that I really wanted to keep, but I couldn't if I was gonna buy that business, I needed cash. I quickly discovered that owning a traditional business isn't as easy as a lot of people think I work day and night, seven days a week for years and barely scrape by and Then when I got out of that business, I'd lost almost everything, and still owed a lot of money that took me years to pay back. And if that's not enough, I spent very little time with my family trying to survive in that business, traditional businesses, or network marketing businesses, which one is best? Well, having owned a traditional business and many network marketing businesses, I think I'm qualified to talk about their advantages and disadvantages.

Start a traditional business and people congratulate you for making a wise decision to start a network marketing business. And people may make fun of you for making a foolish decision to start a traditional business and fail and you could lose everything you've ever owned. You may never be able to pay back family, friends, the bank, you may even have to file bankruptcy to start a network marketing business. And you typically don't have to borrow any money. So if you fail, you've lost almost nothing. Start a traditional business and if that business is struggling, you will be applauded.

For working seven days a week, family members will often offer to help you by giving up their time or their talents or their money. Start a network marketing business. And if that business is struggling, people will often make fun of you. Family members will not typically offer to help you with anything in a network marketing business. Start a traditional business and succeed. And you have to pay your employees for two or three weeks a year, even though they aren't working so they can take vacations, start a network marketing business and succeed.

And the company will very often give you free vacations. Most of the time, there'll be better vacations than you've ever experienced. Oh, and you don't have any employees start a traditional business and you have overhead. You have to make a lot of money just to pay the bills every month, it may take years for you to ever get a return on your investment. Start a network marketing business and you have no overhead. Chances are you can turn it on profit in days or weeks, start a traditional business.

And you're usually stuck in an office, a showroom, a warehouse or something like that. Start a network marketing business, and you have the freedom to build your business around the world. Travel is optional. You don't have to travel around the world, but it's fun, and it's a business expense. So to recap, start a traditional business and you have to make a large investment, which probably means loans that you have to pay back then there's overhead, you probably work more than you want to work, your employees may steal from you or just not show up, which means you end up working more you pay your employees so they can take vacations, but people will applaud you for making a good decision. Start a network marketing business and you don't have to borrow money, nobody to pay back, no overhead.

You'll probably work less than you ever have no employees, which means less worry and no overhead and the company pays for your vacations but people may make fun of you. So what Oh, and I forgot when you want to expand most traditional businesses, you have even more overhead, more employees and more hassles. expand your network marketing business and still no overhead, no employees and more fun, more travel. But no more hassles. Run that by me again, why do people make fun of those of us who love network marketing? The truth is people make fun of network marketing because they don't even know what it is, or because they tried and failed just like I had, and don't want to look at the mirror and blame themselves.

I didn't want to blame myself. So you tell me what makes more sense, a traditional business or a network marketing business. When you start a network marketing business, you not only get paid based on what you do, that's cool, but you also receive commissions from the sales. Your network makes your team members and that's where the term network marketing comes from. As a network marketer, you are an independent business owner distributing products made by somebody else and When you describe it that way, it really doesn't sound so weird at all. In this case, the network isn't your local grocery store, your car dealership or gas station, it could be your neighbor, your cousin or your best friend.

And even though your neighbor, your cousin, or your best friend, in most cases, still has a job, and they start their network marketing business part time, that's highly recommended that doesn't make what they're doing illegal or immoral. As long as a real product is being distributed. And you aren't getting paid simply by recruiting people into the network, then it's illegal and viable business. And if network marketing is illegal, or immoral as some people allege somebody should tell investment guru Warren Buffett because Buffett, one of the richest men in the world has purchased and praised network marketing companies want to make fun of me for being a network marketer will go ahead just as long as I can make fun of you for working harder and more than you want to for accepting less money than you're worth for missing birthday parties anniversary. is an other important family events because you have to work on your job.

Wait a minute. That's not nice is it? I said all of that to say this never, never, never, never make fun of anyone for doing what they think is in their best interest and the best interest of their family. It's not nice. And it's just not right. When I became really successful in network marketing, believe me, I wanted to argue with anybody who criticized the profession or the industry, but it's not productive.

And it's not the right way to treat people at all. Never ridicule anyone for their decision, no matter what it is, or what they say to you, or about you. It's just not right. When you get paid to help people change their lives. How cool is that? I love network marketing.

And when you understand how awesome network marketing is, you'll love it too.