Thursday, November 14, 2013

Keep Your Income Options Open

Do you like to keep your income options open?

If no, I presume that you have found a financially rewarding niche that allows you all the freedom, fulfillment and security that you need to provide for yourself and your family into the foreseeable future.

If yes, then keep your mind open to possibilities. Most entrepreneurs I know are open to income opportunity, and find it where others have failed to act. I believe in multiple streams of income, and while I am partial to income-producing real estate as my primary investment vehicle, I am also open to the residual income that comes from building other streams of income. One such possibility is network marketing, as I have blogged about in the last two posts here.

The authors of How to Become Filthy, Stinking Rich through Network Marketing, have proposed starting with a big "why" to sustain you through the ups and downs of entrepreneurship. Some of the reasons people may consider a network marketing business might be because they want to :

  • Experience freedom - have the time to do what they want
  • Enjoy the fun of a new challenge
  • Have the ability to make a difference
  • Distribute life-changing products to the world
  • Spend more time with family
  • Fund their children's education
  • Improve their home
  • Pay off the mortgage
  • Buy a better vehicle
  • Improve their health
  • Travel wherever and whenever they want
  • Become their own boss
  • Experience a greater sense of community
  • Practice philanthropy
  • Enjoy extra tax write-offs
  • Work from home
  • Be recognized
  • Retire from a present job
Where do you need to strengthen your belief in your ability to succeed in this endeavor. The authors propose these Belief Assessments, with suggestions about how to strengthen them:

  • Belief in yourself/ Practice builds confidence; step forward and take action
  • Belief in your vision/ Post your vision in a visible place and review daily. Use affirmations.
  • Belief in the business model or profession/ Name at least three reasons why this is a viable model
  • Belief in your company/ Stay engaged through trainings, meetings and conferences
  • Belief in your products/ Use them often; collect testimonials from others who use them
  • Belief in your compensation plan/ take actions to earn a check as quickly as possible and help your team to do the same
Happy investing!

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