One of the great mentors of networking marketing, Jim Rohn, used to say, "Profits are better than wages.
" That is because Jim understood the power of making a profit in his MLM business.
He wasn't against wages.
In fact, he worked his regular job for longer than necessary.
He just discovered the secret to network marketing profits.
Put simply, profits are the money that if left over, after all expenses have been paid.
By being aware of how much things cost, he was able to make a fortune.
You can too.
His first secret was to develop a client base that returned for a monthly purchase of products.
Each month, the same customers would return and spend more money.
The expense of finding a customer had already been paid.
Now, the return business gave him a greater profit.
Once the cost of the product was covered, he was pretty much left with profit.
He also understood the power of buying in bulk, when possible.
It saved him a lot of money.
This is a technique that made him extra profits.
His philosophy, though, was to pay cash for everything.
When a technique or product failed to make money, he would get rid of it, or change his tactics.
This is perhaps the best lesson any of us can learn in network marketing.
We must always have an eye on the profit.
If a plan is not working, change it.
It is much easier to sell to 1000 people, than work a thousand hours.
That is one of the greatest network marketing secrets ever.
Despite its power to change lives, there are a lot of people who never grasp the concept of the secret to network marketing profits.
Don't be one of them!