Financial Leverage is something the wealthy understand but poor people don’t understand. It can take many forms.
You can invest your income into assets which generate additional income. This then grows your income stream larger which you can re-invest into more incoming producing assets.
You can invest in business. Think about the CEO of Google. How many employees does he have working for him? He isn’t paid millions because of his efforts. He is paid millions because of the efforts of all his employees. If he had to run Google by himself he wouldn’t be able to do it. However he can manage the people, that manage the people, that manage the offices, that run the computers, that run the software written by the programmers that power Google.
Ok that was a little bit complicated. Let me apply the concept of developing leverage to my network marketing business.
Would you rather get paid on 100% of your efforts….
Or 1% on the efforts of 1000 people? That would be the equivalent of 100% * 10 people = a lot more income right?
My team just crossed the threshold of 7,000 members. I am getting paid 2% on a lot, 5% on a bunch more, 7% on even more, and 12% on several more of those 7,000 members. Needless to say I have “leverage”. I’m not basing my income entirely on my efforts. I can take 5 days off to go to the beach (I leave tomorrow) and still make money because I’ve got 7000 members around the world all working.
That is financial leverage. This is why more people are starting home businesses today than in recent history. We realize that working for someone else isn’t going to get us anywhere.
Let’s be honest… most of you don’t work 100% at your job. You work just enough to not get fired. Maybe that’s 30% of what you could be working. Maybe it’s 60% or even 80%… but most of us don’t work 100% at our jobs. We just do enough to get by, or maybe enough to get a raise or be better than the average employee. But unless we have a lot of incentives we don’t put in maximum effort.
So would you rather have 100% of one person’s effort, who is only working enough to get by, or would you rather get paid a small percentage on THOUSANDS of people?
That’s network marketing.
That’s why you should be looking to join a network marketing home based business today!
- Ben FittsIf you enjoyed this post get free updates via email or RSS here.