One of my favorite quotes from Jim Rohn is that “profits are better than wages…wages will make you a living, but profits will make you a fortune.” In other words, as an employee, you go to work to pay your rent, but as an entrepreneur, you go to work to build your fortune.
As an employee, you make wages. You work 40 hours, you get paid for 40 hours. On top of that, your employer’s goal is to pay you just enough so that you won’t quit. And, for the most part, an employee will only work just hard enough to not get fired.
As an entrepreneur, you aren’t working for wages – you are working for profits. As Eric Worre puts it, as you are building your business, you will go underpaid for quite a while. Then, for a short time, you will be appropriately paid for your efforts. And then, you will be forever grossly overpaid for your work.
MLM Success Tips – Making The Transition
Making the transition from employee to entrepreneur is not an easy process. You need to change the way you think about your work and the way you get paid. In your business, you aren’t trading your hours for dollars. You aren’t even working to generate an income.
You are working to build an asset, and that asset is what generates income. You will have to become accustomed to investing both your time and money in things that don’t necessarily return an immediate profit.
MLM Success Tips – What To Invest In
You first need to invest in yourself. As a Network Marketer, your personal development will be the most important thing you can invest in. You will need to learn new skills to market your business – and that means investing in training.
There are all types of training out there for Network Marketers…books, video training courses, audio training courses, seminars and events, and even one-on-one coaching. They all cost money, and you typically get what you pay for.
MLM Success Tips – What’s Keeping You Broke
And this is where most people let being cheap keep them broke. They invest as little as possible in themselves and their business and they slowly go broke because they never learn the skills they need to become successful in their business.
Someone with an employee mindset will tend to look at a training course and only see how much it costs. An entrepreneur will look at a training course and see the value that it can bring to their business. If a $300 training course can help you make $1,000, the employee only see’s that it costs $300. If they have $300 to spend, they might buy it.
The entrepreneur will look at the same training course and see that it will make him $700, and whether they have the $300 in their account or not, they find a way to buy it and generate that revenue as soon as possible.
MLM Success Tips – What Training To Get
So what training should you invest in? At the very least, I would get the book, “Go Pro” by Eric Worre. After that, it really depends on what type of lead generation strategy you want to focus on. This free audio will help you decide what direction you want to go.
Once you know what your lead generation strategy is, you can find an appropriate training course to learn what you need to start generating those leads.
I hope you got some useful information out of this post on MLM Success Tips. If so, can you do me a quick favor? Like, share, and comment below. It’d be great if you’d give me some feedback!
Todd A. Getts