Extra Income

One of the big challenges we are face early on in the industry of Network Marketing is our ability to produce extra income on demand.  Lets face it, this is the big driving factor and the reason for us starting our own business in the first place, earn enough money on the side so we can fire our bosses and quit our jobs, does this sound familiar?

In the past, and to some extent even today, this industry has and is viewed upon in some circles as being a get rich quick industry, and this is largely due to the fact that, people past and present have introduced the idea using inflated and misleading figures on what others should expect to earn and how rapidly their business is likely to grow.

This can be put down to a number of reasons, but I believe the most obvious are.

1. Incorrect training, people are being told to exaggerate earning potentials and outcomes, or they feel they know better and go against the teachings of industry leaders and promote an idea that is not relatable or achievable to most people.

2. Peoples natural enthusiasm to share an idea when a big carrot is dangled in front of them can sometimes lead to unrealistic results being mentioned.

Now it is no secret that there are people who have made considerable amounts of money in a short amount of time, but it has to be said that these people are the exception rather than the rule.  So it can and still will be done by some, but the reality is for most of us, it is going to take time, we are going to be faced with ups and downs as we learn our trade and put what we learn into practice.

Everyone I know would love to be rich, I mean, lets be honest, who doesn't want the money and lifestyle to go with it?  The reality is, as good as this sounds, it's not just going to happen over night, and that is something that we need to accept.  We must also remember not to rush the process and fall into the trap of the get rich quick approach. 

So What Should We Do To Kick Start Our Business To Generate This Extra Income?

An approach I prefer, and one that I have learned from listening to Jim Rohn's "Building Your Network Marketing Business" is that, when we are discussing the business with others we should talk in figures that the majority of people can relate to.

For example, if we introduce the idea that we can help people earn an extra $500 to $1000 per month, they are more likely to accept what we are saying and will be able to visualize the extra $1000 being transferred into their bank accounts and also how it will benefit their current financial situation.

Conversely if we tout we can help people earn an extra $50,000 to $100,000 per month without to much effort, these figure to most will seem amazing but, also a little unrealistic and unachievable at the same time. Most people cannot relate to making huge amounts of money but an extra thousand dollars a month seems well within our grasp.

People can also feel intimidated/uneasy if they are asks to talk to people how to make large amounts of money in a short amount of time, especially if they have not achieved that sort of success themselves.

by keeping the financial goals small people can believe this is an achievable outcome,people are able to visualize how an extra one thousand dollars per month could benefit their lives

We believe we can achieve if the amount is not to high, and an extra $1000 does not seem out of reach to most people,

Once $1000 per month is achieved then there will likely be a belief that, by doing the same amount of work over again it would be reasonable to expect our income would increase to around $2000 per month or more.

I am a firm believer that we should keep our financial goals as large as we want but, when it comes to building a business, we should break it down into small manageable steps.  The smaller and easier the steps the quicker the results for all.

Develop an extra income stream by starting your own Home Based Business

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