Would you work hard for 5 years to replace your JOB with residual income?
Would you work hard for 5 years building a business in order to replace the income from your JOB with residual income?
Would that be worth while for you?
You see often when you see ads for building a business online you see people making claims about how you can make extraordinary sums of money in your first week, first month, first year.
The truth is this is very rarely true!
MOST people take YEARS to build and grow a business. Most people don’t have business skills yet. They have to learn them. They have to work at it.
I know Kim Klaver has been talking about this for years and I just had it happen to me. One of my team called me to say he had broken through to the top 200 in our company and yet he wasn’t making that much money. He was very surprised because he didn’t feel he was making a full time income yet he was in the top 200. He was wondering how many people are really making a full time living.
Now our company is only 4 years old. We don’t even have ANYONE at the top position yet. We do have 50 or so people making a full time income and 10-15 making serious money.
A skeptic could look at that and say, well sheesh there are 36,000 people in your company and only 50 are making a full time income?
I would say that in the first year we only had a couple thousand people… and many of them are no longer here any more.
So the majority of the people in our company have only been here 1-2 years.
Do you really expect to go into a brand new business and go from zero to full time income in less than a year?
So this man in my company (and a good friend and a great business leader) was not happy. BUT he’s been here only 2 years. AND he’s progressing and moving up the chain and earning more and more money. Right now he’s built that income on the lowest parts of our compensation plan. So the next leader he finds is really going to explode his business. That could happen next week or next year, but if he keeps working it will happen.
I know there are advertisements out there and people selling reverse funnel system and stuff like that which claim you can make tens of thousands over night. Heck I know people who actually DID make that kind of money over night. BUT they were business builders. They had experience already. They had a sphere of influence. They had a mailing list, a website, and people who would listen to them and follow them.
AND much of that income isn’t residual. It’s one time bonuses and such.
On the other hand if you told people… come in and work hard for 5 years… Would people buy into it? Sure maybe less people would but those people would be here for the long haul. They wouldn’t give up if they had a tough first month. They’d stick with it.
I think one thing that is interesting is if you compare this to the music industry. If someone is a singer they spend YEARS learning to sing. A guitar player has to learn to play guitar, then they have to get in a band, then they have to play lots and lots of small shows. These musicians spend years in choir and musicals and crappy garage bands just learning their business and building a small following. They go to lessons with professionals and practice over and over again. Very few people in the music business come in and succeed right away. Many put in years of practice maybe even ten or twenty years before they break it big…
Why do we expect network marketing to be so easy? (Because people using misleading advertising like the folks at reverse funnel use!)
If we were honest and we equated it to the music business… Come in and work hard learning your craft. Build a small following. Work hard and practice practice practice. Study with professionals. Perform over and over again. THEN you hit it big. It could be 5 years or 10 years from now but if you put in the effort you can find the success. It could be like a music business where you have an album and are paid royalties every year over and over for the rest of your life. Network Marketing CAN be that way but it takes time to get to that point.
Does that excite you?
Do you want to have a home business that is similar to a rockstar or musician who gets paid residuals? Are you willing to put in the hard work for YEARS to get there?
If that’s you, let me know. I’m looking for people who want to put in the time and effort to grow a business.
- Ben Fitts
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Ben – how are you defining “reverse funnel”?
Great post Ben! That is very true too. I sometimes find myself frustrated because I haven’t “made it big” yet. Although I am working at home full time, it’s through a services business. I don’t have the big time residual and affiliate income yet, and I’ve been working on that for about 6 years now.
My first biggest dream was to work at home with my own business, and that’s accomplished, the rest is sure to follow! Thanks for reminding me to stick with it!!
Very truth and rigth to the point comment. The problem with most people is that they think in short term. They want the big money fast. We live in a “fast era”, fast food, fast car, fast telecomunication, so all we want fast anything. The reality, like Ben said is, to reach anything valuable, it had to be pass many slow steps before. We have to learn and be good in anything to reach the goal. Michael Jackson start to sing at 5 YEARS!!!. Ricky Martin too.
None start any endeavour and zaas!!! in a month is a profesional and have high profit. Think about it.
When you are a employee is the same, when you have 15 years or more is that you MAYBE, have a big salary. Diference is that in a job, salary is relative and you donīt know when finish. At same time you have to work physically. In a bussines you obtain big money, maybe, laying in the beach or sleeping. Big difference no??
LIke you Ben said, Would that be worth while for you?
Good post, friend
Hi Kim,
Welcome back to HBB. I hope we buried the hatchet?
There is a system out called “Reverse Funnel System” which is a system like Mike Dillard’s Magnetic Sponsoring or Ann Seig’s Renegade Network Marketer.
Basically you pay $50 to qualify for an interview with a member of their team. Then you get a phone call where they pitch you on their high end system. It includes all the Reverse Funnel tools like pre-written ads, etc. but it really is designed to filter people and point them into Global Resorts Network. I think the whole point is to sell you on a $1500 package which includes GRN.
Personally these travel things are just not for me. They’re selling mostly a membership and aren’t actually selling much in the way of travel packages. Know what I mean?
So to me (and maybe I’m wrong because I haven’t tried it) but it looks like the thing is just front end, there doesn’t seem to be much residual income in it.
- Ben Fitts
PS. If I’m wrong on this and someone from Reverse Funnel wants to tell me so please clear the air.
Here’s a sample of a Reverse Funnel Ad:
Subject: “Beach Bum Makes $237,000 from his laptop.”
Then the first paragraph says:
“This Automated system is putting over $10,000
in many students’ pockets EVERY WEEK.
This System is Unique and a Money Maker.”
I have found success using a two prong attack. Instead of using the Reverse Funnel System I use the GRN Team Builder. It is a quarter of the cost and just as effective. It is less hypey and gets to the point discussing the product and the business opposed to the Reverse Funnel System that is looking to prey on the lazy and those looking for a fully automated system. I love using the GRN team builder because they offer Virtual Assistants that are very effective is closing sales for people. They walk your prospect through the WHOLE PROCESS. This system works perfect for me when I drive business oppty traffic to it. People love the free ebook and people love the straight forward approach.
I also am very good at using a retail site. This product sells itself. The product has been around for 22 years without the business opportunity attached to it. I teach and mentor people on how to find others that have lists of people out there that would be open to buying the product we are offering. It is a perfect downsell for those that cannot afford to spend 20k-30k on a timeshare. The product does save people tens of thousands of dollars over a lifetime and allows the customer to stay at four and five resorts. Trust me the product sells and it is easy to find money hungry people out there looking to offer this product to people they know.
When you combine these two strategies and the fact that Global Resorts Network offers a great product, systems that close sales, and a perpetual leverage compensation plan that is second to none. There is no need for the Reverse Funnel System anymore, these others ways are leading to mega duplication. Hopefully this answers some questions about the GRN team builder and its effectiveness. Take my 5 years experience in this industry the GRN Team Builder is better than the Reverse Funnel System.
This is really refreshing to see someone who really understands to industry! The reality is that making money over night is not really possible unless you are holding all the cards. In most cases, an average “Joe” isn’t holding those cards! Thanks for this posting, it makes me feel a bit better about getting onto this industry.
Thanks! Really amazing. I wish i could spend my time on writing articles…just have no time for it.