Whether you like numbers or not, these simple digits from 0 to 9 may just be the closest things we have for rational reality. These Hindu-Arabic numerical symbols have been used in counting and measuring for centuries. Their quantitative mathematical formulas can provide valuable insight into how something works, including all kinds of businesses. Who hasn't looked at these meaningful digits and wondered about market trends, inflation, recession, credit scores, retirement, resources, bank accounts, and consumer confidence?
So what is the relevance of numbers to a home business? Let's consider three important scenarios.
SCENARIO ONE: Here's the big problem with numbers when you work at a job.
As an employee you work at a job that may average 40 hours, 5 days per week, 52 weeks per year. That's a total of 2080 hours per year that you have traded in as services for the boss.
Now let's look at a typical company boss who has 50 employees working 8 hours per day, 5 days per week, 52 weeks per year. This adds up to a total of 104,000 hours worked per year on behalf of his' company. He may have worked 2000 hours or less if he also happened to enjoy fishing or golfing.
Imagine working another 40 years building the boss' dream and retiring with 40% less money than when you worked full time.
How fair do you think that is? Would you want that kind of leverage? Have you ever done that math?
The wealthy have been benefiting from such a strategy for centuries investing a couple hours a day.
Let's say you and your team can build an organization of 100 people who worked just 1 hour a day, 5 days a week, and 52 weeks a year. That would amass to 26000 hours that you could benefit from. If you wanted to get that much work done by yourself you would need to work 3250 8-hour days or nearly 9 years!
However, using leverage you worked one hour and so did your organization. Now, just think, what if those people worked 2 hours per day?
What are your chances to get that much work done in a "linear - job style" income scenario?
Now what if those 100 people had the authority to hire 1 new person next month, and then all of those 200 people worked 2 hours a day for 5 days a week over 52 weeks a year?
Do you see why the rich get richer?
Do the math, and decide if your only source of money is caught in a linear income TRAP.
Time leverage is a beautiful thing.
Knowledge leverage is a beautiful thing. You don't have to spend years becoming an expert in your field. You can share the expertise with a video or webinar. People either get it what top masterminds are saying or not.
Here's an example:
SCENARIO TWO: Most network marketing compensation plans are based on multiple levels of residual income.
Here is a typical example for a 6 month cash-flow projection. This really made a personal impact.
Let's say as a serious networker, you enroll 4 new members per month for 6 months at $25 commission per member.
New members per month: 4 x 6 = 24 new members on Level One.
$25 per member commission = $600 per month after 6 months on Level One.
Let's assume the 80/20 rule for your new members now on your Level Two.
20% of new members will be above average and sponsor 10 new members over 6 months.
20% of 24 new members = 5 (approx) x 10 = 50 new members on your Level Two.
(The assumption here is average sign-up rate of the 20% folks is about 2 per month).
80%, or the balance of your new members, just sign up 5 new members over 6 month period.
That's 19 X 5 = 95 new members for a total of 195 new members on your second level.
Total new members on your second level based on 20% results + 80% results.
Now, here is your TOTAL monthly residual earnings: $2550 after 6 months.
24 new members on Level One = 24 x $25/month = $600.
195 new members on Level Two = 195 x $10/month = $1950.
Now, here's the BIG financial question: What is the equivalent amount of money you would need in your savings account to earn the same (assuming a 2% interest rate)?
You would need about $1, 500,000!
Again, you don't have to be a mastermind to see how these numbers work.
SCENARIO 3: The most dangerous number for personal economy is ONE.
It's a simple fact that any business lives and dies by numbers. But have you ever thought that the most dangerous number to any business is the number 1. What does that mean?
Well, nothing can hurt you MORE than relying on ONE of anything.
Can you rely on one job or one income and think it is perfectly secure? Are you still programmed to think if you have a "good job," this means long-term support and ultimate security?
Now, what if you lose that job? Your income is gone and your situation becomes precarious. Your family is vulnerable.You may be forced to do things you don't want to.
This is one important reason to have a home business, especially today, as people try to ride the current economy like a roller coaster. It is a very good idea to have a job AND a work-at-home business on the side, so you have more financial defenses and aren't so vulnerable. You can use the business income to help weather the storm in a worst case scenario. With the right business opportunity, you may even amaze yourself at its simple system for success and enjoy time and money freedom at home.
In summary, this valuable article has looked at three scenarios that make sense using numbers in justifying a network marketing or MLM home business. Numbers are rationale and logical and do not permit irrational excuses.
It is your turn to discover the 3 concepts that make network marketing work. Then check out a home-based business opportunity that plugs into the major trends on the internet for recession proof growth. See how you can shop, save and earn residual income from home with a free Shopping App. 521 404 1270 ..magic 7 minute overview.
Questions and comments are always welcome. 250 365 6916
Request your demo today and start saving money...even if a home business is not of interest at this time.
Hopefully, you have learned more about the values of personal leverage, multiple levels of residual income, and the power of one to make the right choice for better financial security.
"Destiny is no matter of chance. It is a matter of choice: It is not a thing to be waited for, it is a thing to be achieved." William Jennings Bryan
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