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Network Marketing Today – part 3

I have been sharing the history of Network Marketing in Network Marketing Today and Network Marketing Today – part 2.

In part 3 of the series I am going to share a little of my past and why the journey  has brought me to a place where I believe everyone should have a Network Marketing Business as part of their wealth creation strategy.

I have shared a part of my story in various posts before. In What Happens When Your Game is Changed Overnight? I shared that we lost our business pretty much overnight  in 1986. After that  we went on to build two other businesses in the financial services world.

In 1998 we were well and truly back on our feet and had enjoyed several years of extreme growth in our business and income. We had a lovely home, some investments  and really thought we were set financially. But not so, we were to repeat our experience of 1986 – please watch my video to hear the next chapter and why I think Network Marketing is such a good model.

[youtube]http://www.youtube.com/watch?v=vfDrlhHKFT0[/youtube]

So you might ask – why didn’t they  learn from the first experience.  Maybe I needed to repeat the lesson to really “get” it but I believe there were several factors that played a part. We were drawn back into a business that offered very lucrative immediate income with no residual. We had fallen victim to that trap of instant gratification as opposed to building an asset. I see this time and time again today in people who opt to stay in the E quadrant (Robert Kiyosaki’s Cashflow Quadrant) at the expense of building their business.  We all need to build a residual income alongside of our other income.

Please leave me your comments below. I love hearing what you have to say. And please share this post with your Twitter and FB friends by clicking on the share buttons. I appreciate you telling others.

19 thoughts on “Network Marketing Today – part 3

    1. Sue Post author

      Oliver your addition of fueled by fear is an excellent point. I have learned to resist it since that last time. When I think about it now I stayed working as a CPA for longer than I wanted to as I was earning so much money then. Short term thinking!
      Hindsight is so good 🙂
      Have a wonderful day
      Sue

    1. Sue Post author

      Hi Belinda
      I do think NWM does take a particular mindset but I have observed people develop that. The timing needs to be right. It was not the right time for me to even “hear” the value of it for a long time. Now in hindsight I wish I had embraced the concept long ago.
      We miss you on our calls.
      Sue

  1. Don Enck

    Hi Sue,
    Your series is really explaining a lot of the pluses to the network marketing industry. Just as you’ve experienced, many others have felt they were in a good financial place only to see it crumble beneath them. Having the added benefit of residual income in your life can be the saving grace.
    Don Enck recently posted..How To Use Facebook For BusinessMy Profile

    1. Sue Post author

      It is funny Don having embarked on this series has further cemented the pluses of NWM in my mind, or maybe just deepened my belief. You are spot on when you say many others have seen their finances crumble. We can show these people a different way as I think there are still many who feel there is no hope.
      Sue

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    1. Sue Post author

      Linda when I think back to the days we were building businesses and all the huge overheads we had I cringe. I really want to be able to use the experiences to help others. There are so many people who are hurting financially now.
      Have a wonderful weekend.
      Sue

  3. Louise Steiner

    Sue, I am thoroughly enjoying your series on MLM and thank you for sharing your personal journey.
    I was trapped in the employee quadrant for many years, unable to escape because I had a mortgage and lifestyle to keep up. I then thought being self employed was the answer and only recently have I finally understood the true meaning of residual income and that MLM is the perfect business model. I often wonder how my life would have turned out, had I read Robert Kiyosaki’s books at an earlier age, but in all honesty, I don’t think I would have “got it” back then. It seems many of us have to travel our own journeys to get to the right mindset, before to finally being in a position to fully embrace and understand the power of MLM.
    Louise
    Louise Steiner recently posted..Simple Guide To Inserting A YouTube Video Into Your Facebook Fan Page!My Profile

    1. Sue Post author

      Hi Louise
      I am glad you are enjoying reading my series as I have enjoyed writing it.

      I agree with your comment that it seems many of us have to travel our own journey before MLM is embraced. There are some people like Jonathan Budd who said he just looked at the model and knew he had to do it, but I think they are rare. Now there’s the thing we need to find ourselves some young Jonathans for our teams 🙂

      I think over time it will change and it is going to be exciting to watch.

      Sue

  4. Pingback: Network Marketing Today – part 4

  5. Darlene Davis

    Sue,
    Your compelling story is persuading me to stick with NWM and continue to work on developing the proper mindset to become successful. Residual income is a huge part of that. I am thoroughly enjoying your series!
    Darlene Davis recently posted..Teamwork At Its BestMy Profile

    1. Sue Post author

      Darlene I am with you on the residual income. I need to devote more time to building mine. Writing this series has strengthened my resolve.
      Take care
      Sue

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