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5 Sources for Learning What It Takes to Become a Millionaire

To achieve your dreams you must become a student of success.

When it comes to learning the ropes of how to be a millionaire, nothing is as important as your education. Getting an education on becoming a millionaire may differ slightly from your traditional educational approach, but it is still all about the learning process. If you are interested in becoming a millionaire and earning substantial money that will cover you over the long term, then here are a few education techniques to consider.

1. Learning online with the right websites.

The Internet is a great educational resource for anyone seeking more information about earning money through their investments. However, it is important that you take the time to turn to the right resources. Websites such as Lynda, Udemy, and Profit.ly are all great resources for aspiring millionaires. Sites like this allow you to learn and interact with the best traders online so that you can take your trading skills to the next level. These online educational marketplaces are designed to help people hone their learning skills and are valuable tools for individuals that want to learn as much as they can about the market and different trading techniques.

2. Books.

Reading is the cheapest but most effective way to learn the valuable tools needed to trade smart and earn a great deal of money. You can buy books online or in bookstores, purchase e-books for a discounted price or even get a library card and check them out from your local library. The point is that investing in books will provide you with a more applicable amount of knowledge on investing than a college degree (and it is much cheaper as well!). You should see top-rated stock market books here. Never underestimate the power of a good book.

3. Follow other successful people on social media.

To learn how to be successful you need to know what other successful people are doing with their time. Get on all of the major social media sites such as Twitter, LinkedIn, and Quora and start following successful and established investors. Learn what these people are doing and saying, and how they think. Learning from individuals such as these is a great way to see first-hand what the best in the business do. You may be surprised to find just how much they reveal from their social media accounts.

4. Become an expert in niche categories.

To become rich you need to become a specialist in a niche category few other people specialize in. To make a significant amount of money focus on non-traditional ways of earning that type of income. You don’t need to be a doctor or a lawyer to make money. In fact, you don’t want to be a doctor or a lawyer if your focus is on making money. In addition to having hefty school loans, these individuals often have a set ceiling on how much they can make. Think outside the box and you can open up your earning potential much more.

5. Failures and mistakes are a crucial part of your education.

One of the biggest parts of your education is actually in the failures and mistakes that you make. They are essential to your development. You shouldn’t fear them, but instead, embrace and learn from them. You are going to fail. The key is to fail fast, fail often, and fail forward, meaning that you adapt to your failures, learn from them and look to the future. The sooner you make your mistakes and the quicker you move on from them, the sooner you can adapt in your pursuit of success.

Your education in becoming a millionaire is about more than courses, classes, and homework. It is about learning from the world around you and adapting to your journey so you can make the most of your experience and learn from both your mistakes and your triumphs.

Source: entrepreneur.com ~ By: Timothy Sykes ~ Image: Pixabay

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3 Ways to Become a More Effective Learner

How to Learn

We may graduate from school, but we never stop learning. New jobs, new roles, and new relationships: all require the acquisition of new knowledge. To stop learning is to stop improving.

Despite its importance, so many of us develop bad habits and faulty techniques that undermine our ability to learn effectively, says Nate Kornell, an associate professor of cognitive psychology at Williams College who studies learning strategies.

Below, Kornell outlines three fundamental principles to learn by.

1. Embrace discomfort

One of the most common – and detrimental – mistakes Kornell often sees is our collective tendency to equate performance with how much we are learning.

In reality, these two metrics are often in direct opposition. Kornell offers the following example: say you’re at the gym, attempting to work out with 10-pound weights. Even a few reps are exhausting, so eventually, you swap them for 5-pound weights. Suddenly, the workout is easier. You can do more reps. You feel instantly stronger. The problem, of course, is that while the lighter weights make you feel better about your performance, the heavier ones were providing a better workout.

“The same thing happens with learning – when it’s easy, you feel like you are learning more,” says Kornell. In reality, “you actually learn more when you are struggling.”

According to Kornell, effective learning feels difficult. It’s this ability to embrace continuous discomfort that separates ultra-high achievers from everyone else. For most people, once they’re pretty good at something – be it public speaking, writing, or Excel – they become complacent and comfortable, unwilling to continue to challenge themselves. “You reach a plateau where you don’t experiment and you don’t practice new techniques because you’re satisfied,” he says. “The people who achieve the most in life are the ones that aren’t satisfied with 8 out of 10; the people who don’t stop until they are a 10 out of 10.” That requires risk-taking, uncertainty, repetition, the pursuit of criticism, and, yes, discomfort.

Learning is many things – challenging, eye-opening, exhilarating, motivating, and tiresome. It should never be a cakewalk. “If you are having too easy a time, you’re doing it wrong,” he says.

2. Stop cramming

A favorite study technique of college students everywhere, cramming – or the last-ditch effort to memorize as much information in a condensed time frame– is effective “if you want to remember something in the very short term,” says Kornell. Cram before a test, and you’ll likely remember much of the information when you sit down to write the exam. A year, week, or even day later, however? Not so much.

To acquire new knowledge with a long expiration date, it’s crucial that you space out learning events. Interestingly, it’s the act of forgetting that makes multiple, spaced-out study sessions more effective at forming long-term memories than a single marathon session.

Kornell, who has researched this topic extensively, believes that the act of forgetting information and then re-learning it, ideally multiple times, is what cements memories in the brain. The process of forgetting, and then repeatedly filling in those memory gaps, makes them stick. “You can’t add to your knowledge unless you give yourself a chance to forget,” which is why cramming produces such fleeting results.

3. Make connections

The more, the better. If you want to remember the information in a passage you are reading, root the text to as many additional contexts as possible. Pause frequently and think about how what you’re reading now relates to what you read earlier. But don’t stop there. If you really want the material to stick, make personal connections as well: relate the text to events that have happened in your own life, or the life of a friend or acquaintance. The more individual threads you can tie from the material in the book to other, independent realms of pre-existing knowledge, the more likely it is to stick around.

Admittedly, pausing every few sentences to contextualize material can be an incredibly time-consuming and mentally exhausting task. This just ties back to Kornell’s earlier point: effective learning is difficult. Because of the time commitment, he says, “it’s not a popular technique, but it really does work.”

Source: entrepreneur.com ~ By: Laura Entis – Image: Canva Pro

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The Network Marketing Business Model: Is it Right for You?

3 Different Types of Network Marketing Programs

Network marketing is a business model that relies on a network of distributors to grow a business. It typically involves using three basic types of systematic strategies to make money: lead generation, recruiting, and building and management. There are many types of network marketing, including single-tier, two-tier, and multi-level.

Single-Tier Network Marketing

With single-tier network marketing, you sign up for a company’s affiliate program to sell its products or services. You do not need to recruit other distributors, and all your pay comes from direct sales. Avon, the popular beauty company, uses single-tier networking marketing.

In some online affiliate programs, you get paid for the traffic you drive to the affiliate’s website. Pay-per-click (PPC) and pay-per-lead (PPL) affiliate programs are other examples of single-tier networking.

Two-Tier Network Marketing

Unlike single-tier network marketing, two-tier network marketing does involve some recruiting, but your pay isn’t solely dependent on it. You get paid for direct sales (or traffic you drive to a website) and for direct sales or referred traffic made by affiliates or distributors you recruit to work under you. An example of a two-tier program is Ken Envoy’s Site Sell.

Multi-Level Marketing

Multi-Level Marketing (MLM) is a distribution-based marketing network that contains two or more tiers. Two other types of network marketing strategies are marketing-driven networks and name-driven network marketing. Some MLM programs allow you to make money five or more tiers deep, so there may be incentives for recruiting. Examples of MLM businesses include LuLaRoe, Magnetic Sponsoring, and Amway.

Network Marketing as a Business Model

If you are thinking of starting a business that will rely on multi-level marketing of any kind, be sure you have a solid marketing team at the very core of your organization. The stronger your base of marketers, the better your chances for long-term success.

Not everyone who wants to sell something will be good at it, but if you have someone excited about your business who might not be a perfect fit for your sales team, find another spot for them. Marketing is critical to the success of any business, but don’t forget that sincerity and genuine enthusiasm about a company or product is a form of marketing in and of itself. If your only incentive to your sales team is money, they may cut corners or mislead others in an attempt to earn more for themselves.

You should also take the time to research your own state’s laws regarding network marketing to make sure that your business is fully compliant. Deceptive marketing practices and pyramid schemes can land you in legal trouble if you are not careful.

Hire People Excited About Your Company

Marketing is part industry-driven and part creative thinking. With network marketing, it is also about finding salespeople with enthusiasm. When you hire people who are excited about your business and product, they will share that enthusiasm with others. An enthusiastic sales force leads to more sales and recruits into your marketing network.

Source: thebalancesmb.com ~ BY: Lahle Wolfe

 

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How to Succeed at Network Marketing Without Annoying Anyone

Network Marketing, Multi-Level-Marketing, MLM, are all terms for a common business structure in which companies utilize a sales force made up of “Independent Distributors” to market their products. It’s a business structure that has been around for a long time and the appeal of it comes from a distributor getting residual income, having their own business, and being their own boss. In short, it’s the American dream.

Unfortunately, for most distributors, it will remain just that, a dream. In this article, we’re going to discuss the most common reasons people fail at MLM and give you suggestions on how to succeed at network marketing.

Network marketing has a bad reputation and is often referred to as a pyramid scheme. The reason for this is twofold. First, there have been some companies out there promoting real pyramid schemes disguised as multi-level-marketing companies. The other reason is the average person doesn’t really know what a pyramid scheme is.

So, just to be clear the difference between a legitimate network marketing company and a pyramid scheme is how they earn their money. Network marketing companies derive a majority of their revenue through the sale of a product or service. An (illegal) pyramid scheme gets most of its income through the fees charged to its distributors. Now, does that mean that if a company charges a fee to become a distributor is a pyramid scheme?

No, and we can think about it this way. Legitimate MLM companies use a micro franchising model in order to sell their products. And like any franchise, (McDonalds) they charge a franchising fee. Then you as the new franchisee make money by selling the company’s products, be they hamburgers, makeup or supplements.

But, unlike the McDonald’s franchise, a network marketing company allows you to find other individuals who want to sell the products and when they become a distributor (franchisee), the company rewards you by paying you a commission on their sales too.

It’s this model that benefits the company through low-cost marketing and growth, and it rewards independent distributors for their efforts in expanding the business.

So, what does a pyramid scheme look like? Well, there are variations, but the classic pyramid scheme runs like this.

  • A person recruits ten people who pay $100
  • They then instruct those ten people to recruit 10 more people to pay $100
  • The initial 10 people have just made $900 on their $100 “investment”
  • But now there are a hundred people who each have to recruit 10 others in order for them to get paid

This process repeats itself over and over until it eventually collapses under its own weight.

But, enough about pyramid schemes, let’s talk about legitimate network marketing companies and how to succeed at network marketing.

Network Marketing, Pros, and Cons

As we stated earlier, network marketing is really just a way for a company to market its products. By using independent distributors, a company’s marketing and advertising costs go way down. It also provides a way for the average person to own their own business either full or part-time. But with that said, there are both pros and cons to network marketing.

Pros:

  • Low initial investment – Most network marketing companies only cost a few hundred dollars to join. Compare that to a Domino’s pizza franchise ($25,000) Mcdonald’s ($45,000) or Burger King ($50,000), making them one of the cheapest ways to start a business.
  • Financial independence – Many people invest in becoming distributors for multi-level marketing companies because it offers them a chance to earn extra income. Whether full-time or part-time because it provides an extra income.
  • Flexibility – Network marketing allows stay-at-home moms and dads to generate an income without putting the kids in daycare. It’s also a business that can be done in your spare time, it’s not a regular 9-5 gig.
  • You can leverage your income – By recruiting others into your “downline” you’ll be paid a commission on all of their sales as well as your own.
  • It can provide “residual” income – Residual income is just income that reoccurs over and over again. By building your business and downline sufficiently, you can develop a significant amount of residual income.
  • Growth opportunities – It’s not always clear how to grow in your career at a “regular” company. In fact, for some jobs, there is no way to advance your career at all. With network marketing companies you’ll have a very clear idea on what it will take to advance up the ranks.
  • There is no cap on your income – Unlike a job, there is no upper limit to the amount of money you can make.
  • The internet has changed everything – The internet and social media have made MLM marketing much easier.

Cons:

  • Competition – Because most MLM companies only cost a few hundred dollars to join, they can be a lot of independent distributors located in any one area. This can impact sales and profitability as they are all selling the same products.
  •  It’s not a good fit for everyone – Because the barrier to entry is so low, basically anyone who pays the fee becomes a distributor. Even people who don’t have the time, temperament, or personality for network marketing can become distributors.
  • Motivation – Being a distributor is a business there is no boss telling you what to do and when to do it. You need to be a self-starter.
  • It takes time – As stated earlier, multi-level marketing is a business. And it’s also one that you are starting from scratch. Don’t expect to make a lot of money right away. It is normal for the average distributor to go two years without making any significant money.
  • There is a lot of rejection involved – Many people will tell you “no” when you first start network marketing. That negative response is going to continue on and on… and on. The average person who is first getting started with this challenge may have a conversion rate of 1%. That means out of 100 people who are approached for a sale, 99 of them are going to turn the opportunity down. For those who get discouraged by such negativity, the rejection can cause a good network marketing opportunity to go away.
  • High turnover rate – A lot of network marketers simply quit. They might move to a different company or product, or they might just stop with MLM businesses completely. That’s a problem for you because the most profitable way to operate an MLM is through recruiting other people into your downline. If those people quit, then you won’t be getting residual income from commissions on their sales.
  • Constant recruiting – As a result of the high turnover rate, you’ll find yourself back out into the field spending more time recruiting people. This can also interfere with friendships and family relations if you are looking to those groups for your recruits.

Steps to Success

Despite what your company tells you, building a list of people in your warm market isn’t the best way to start out. When you look at the top performers, they have very few people that were on their original list in the business. Now, I’m not saying it’s wrong to let your friends and family know what you’re doing, but most of your warm market will only join after they see you succeed. So, the bottom line is to go ahead and let your warm market know what you’re doing, but if they say no, let it go.

  1. Target your market – Some companies call this “pre-qualifying” a prospect. You must understand who the person is that would be interested in your product or opportunity. What are your customers’ wants and desires? Only then can you tailor your marketing efforts to that portion of the population that is most likely to buy.
  2. Focus on gaining customer-first – People are naturally skeptical of “money-making” opportunities, so don’t focus all your energy in recruiting your downline. Instead, focus most of your efforts on recruiting customers. Once someone is a customer, they are going to be much more receptive to joining your downline.
  3. Don’t convince anyone to join your downline – This is why we concentrate on generating customers first. You will have already narrowed down your target market to people who have used and know the benefits of the products. Then you can offer them the opportunity. But, never convince, cajole or hound people to join your business, they won’t do well anyway.
  4. Be genuine and ethical – This is where network marketers can give the entire industry a bad name. Don’t come off as the clichéd “used car salesman” anxious to close the sale. This is a “people” business, your prospects are going into business with YOU, not your company. By the same token, be careful when marketing your products or services. Over-hyping or exaggerating the benefits of your products or services is a sure way to set people up for failure.
  5. Separate yourself from all the other distributors – This is one of the inherent issues with network marketing. You are just one of the thousands of distributors offering the exact same products at the exact same prices. You need to set yourself apart from everyone else and give the potential customer a reason to buy from you. Check out the resource section below for some great suggestions on how to do that.
  6. Have a system – If you really want to succeed at network marketing, then having a system in place is critical. Marketing to customers and prospecting for recruits takes a lot of time and effort. By putting a system in place you can; target your marketing efforts to those looking for your products, set yourself apart from other distributors, add value to the consumer giving them a reason to buy from you and finally to automatically follow up with the customer to build a relationship and for re-orders.

Internet Marketing

It happens to every network marketer, you run through your warm market and then hit the internet. But how do you use the internet?

Here’s how it goes for most people. They get on all of their social media accounts and post a link to their generic company website. Some people even join groups whose members would have an interest in the products. For example, if you’re selling weight loss supplements, there are a ton of groups out there talking about weight loss. And while there’s nothing wrong with doing either of these things, I have never seen them generate any substantial business for network markers. So, what should you do? CONTENT MARKETING. 

Virtually no one clicks on a random link to a website that’s trying to sell them something. If they want to buy your product, they will do a Google search and find it themselves. But, that’s a problem. You see, most company websites are identical. Google doesn’t like that because all the content is the same. So, Google will only index one site, ignoring all the rest. Using content marketing will not only help in getting you ranked in Google, but it will also help to set you apart from the thousands of other distributors out there.

  1. Start by making a simple website of your own. There are a lot of companies that have a very simple drag and drop systems for building websites, including, [WordPress], Wix, and Weebly. Be careful, don’t make your website another advertisement for your MLM. It needs to be an informational site that provides valuable information to the people who visit. Once they are there, you can have a products page.
  2. Start creating valuable content with a blog. Again, this is not to be content-focused on your products or company, instead focus on creating content that would be helpful to readers. For example, “Tips on Starting an Exercise Routine for the Procrastinator” or “10 Tasty Snacks that Won’t Ruin Your Diet”.
  3. Post all of this valuable content to your social media accounts and in the various weight loss groups, you joined. Always have a “For More Information” link that goes to your website. This increases your profile and credibility within the community. People will only buy from those they trust, and you are building trust.
  4. Once someone visits your site you want to be able to collect their information so that you can continue to communicate with them. The easiest way to do this is by using a lead capture system or landing page.
  5. Generate additional streams of income by incorporating affiliate marketing into your website. Not everyone who visits your website will be interested in your products or opportunity, but that doesn’t mean you can’t profit from them. Affiliate marketing is a great add-on to any network marketing business. It allows you to sell other people’s products and services without having to stock, ship or service them.

Conclusion

Network marketing can be a fun and profitable business for the average person looking to earn some money. With a low initial cost, network marketing puts business ownership within the reach of almost everyone. The downsides are that you will run through your warm market fairly quickly and that the products you sell are exactly the same as every other distributor. However, you can overcome this by setting yourself apart from other distributors, providing more value to the consumer, and developing relationships within the online communities you associate with. Remember, if you can help people out with valuable information, they are more likely to trust you and become customers. And satisfied customers are more likely to become partners, so concentrate first on getting and maintaining customers and your downline will follow.

Resources

You can get a copy of our latest book “The Complete Internet Marketing Strategy” for free by clicking on the link below. After you get the book, take a look at our videos explaining the automated supplement marketing system. It was designed for Herbalife distributors, but can be modified for use in ANY network marketing business. It is designed to target consumers that are already searching for the products you have. Then offering the customer more value than other distributors makes you stand out and gives them a reason to buy from you. Finally, it automatically follows up with them for re-orders, offers on other products, and downline recruitment.

Source: onlinebizfacts.com ~ By David Carpenter ~ Image: Canva Pro

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Network Marketing For Retirement Income?

financial freedom

At some point in your life you’ve been pitched a multi-level marketing (MLM), direct selling, or network marketing business opportunity.  While the pitch varies from company to company, it basically promises a chance to ditch your 9-5 work schedule, be your own boss, and make lots of money while making new friends in the process.

It all sounds good on paper, yet there is a seemingly endless debate over whether these companies and programs are legitimate business opportunities or not, so I dug in and got the real scoop.  As a result, I believe that the entire industry is poised for explosive growth and can be one of the most significant solutions to America’s current retirement savings crisis.

Initially, that may sound like a bold statement, but it’s not if you understand retirement the way I do.  The reality is, making a successful transition into retirement has more to do with psychology than with money… and the same may hold true for multi-level and network marketing.

Don’t get me wrong, money has a role in retirement, but it’s not the primary one every one gives it.  Combine that concept with eye-opening statistics like AARP’s estimate that half of all baby boomers (76 million) are interested in starting a business and the makings of a massive trend are in place.

As far as the retirement saving crisis is concerned, more and more people are coming to terms with the fact that they probably aren’t going to be able to save enough money to just sit around and slowly deplete their nest egg from age 62 to 100.  With the average 50 year-old estimated to have less than $50,000 in retirement savings, there is an obvious need to find alternative ways to either save more or generate supplemental income starting now, and continuing throughout retirement.  Moving beyond just the dollars and cents, boomers are growing tired of feeling guilty or bad about their past savings habits and are interested in moving towards possible solutions.

Another growing reality that could benefit MLM and related businesses is the increasing number of baby boomers who are disenchanted with their current careers.  They’re worn-out from years of the corporate grind and don’t feel the connection between their job and the people it impacts outside their office walls or company grounds.  They’re shifting their focus from accumulating a giant nest egg to a desire to be part of something bigger and better… to have a positive effect on others… and working in retirement.  Facets of life that can be fulfilled with specific types of products and service available through some MLM or Direct selling opportunities.

MLM and direct selling programs also offer very low barriers into entrepreneurship, often providing training, support, and ample encouragement along the way.  As retirees begin to realize they need activities that keep them busy, relevant, in good health, and connected to others, the time, energy and cost to participate in these kinds of companies make them very appealing to large segments of the population caught up in these dynamics.

This is not a ringing endorsement for the entire industry.  Like any investment of time, money, and energy, people need to be aware of what they are getting into and do their homework.  That’s the primary reasons I began researching the topic by reaching out to regular everyday people involved in these types of businesses and who were willing to skip the hype and offer a transparent view of the programs and give their opinions as to whether this can be a realistic source of retirement income.

I initially spoke to a retired friend who said she joined a health and beauty direct selling company as a means of meeting new people. She had recently remarried and moved to a new location, so she combined the practice of meeting new people with making extra money.  After almost a decade in the business, she’s built a small niche business with family and friends despite switching to from one company to another competitor after three years.

She admits she doesn’t attend all of the company’s local meetings and goal-setting sessions because she’s not interested in becoming a top producer.  She just likes to use the business activity to keep busy (particularly in the winter) and use the extra money she earns to travel and spoil the grand kids.

Having studied the psychology and behavior of boomers, this example represents a major shift in my thinking about the industry.  I no longer perceive these types of opportunities as money-making pyramid schemes.  Instead, I now see it as a way to enhance many of the personal aspects of retirement that are rarely discussed let alone planned for, with the added benefit of supplementing other popular retirement income sources such as pension and social security.

Daria M. Brezinski Ph.D, a practicing psychologist and former marketing director for a multi-level marketing magazine, echoes these sentiments.  “Many people don’t realize that multi-level marketing companies are successful because they help people satisfy a number of important human needs, including feeling significant, having connections, learning something new, and making a difference.  I have heard people in network marketing say again and again, ‘I’m doing this because I’m meeting amazing people … making so many connections … and I feel so good about myself.’”

Dr. Brezinski’s point is well taken and easy to see practiced by popular network marketing companies.  Many MLM and NM companies tout a three-to-five year plan to attain freedom and wealth, yet many of the people running company meetings have been in the business for five or ten years and still haven’t left their full-time job or landed on easy street.  “As it turns out,” Dr. Brezinski notes, “when other human needs are being met, the members and consultants don’t focus solely on the financial aspects.”

Continuing my interviews, I challenged three others who are in the business to be straightforward, and prove to me that the process really works.  What I found was good, consistent business advice applicable to any new business.

Lorene Hochstetler, from Ohio, recommends keeping your current job while slowly making the transition into MLM.  She’s been able to replace her full-time income but explains, “It didn’t happen overnight, and I still work every day.  I am very disciplined with my business and wake up every day knowing what I have to do in order to succeed at this.  You have to treat it like a business and be willing to follow advice from others who have made it.”

Tracy Willard of California began her MLM career out of necessity.  “Prior to getting involved in my business, I told my friends to never let me join one of those things… but when our family was hit by the mortgage crisis I had to do something different.”  She started her business with the intention some retirees may also find themselves.  “I started with the idea that I just needed to make my month easier.  My company helped me figure out what I needed to do in order to make an extra $500 per month.”

She reiterated a common theme I heard throughout the interviews.  “If you treat it like a hobby it won’t pay you like a business.”  She also acknowledged that, in spite of her success, she doesn’t sit around eating bonbons every day waiting for residual checks to hit the mailbox.  “That’s a common misconception,” she said.  “I work hard at my business every day, although it doesn’t always feel like work.  Similar to other entrepreneurs who profit from their passion, she says “It’s rewarding because I found a product that has made in difference in how I look and feel… and I love selling it and helping other people start a business.”

Staci Cahill runs her Washington MLM company in a way many people can appreciate.  She keeps her personal life separate from her business life by avoiding home parties, offering instead workshops that educate prospects on the products she offers.  “I didn’t want to be that person others hid from because they thought I was going to ask them to host a party.  I like to keep my business life and personal life separate.”

When I asked her if she was successful at her craft, she pointed out an MLM approach different from what many might expect.  “Yes, I am very successful given what I wanted to get out of it.  I’m a single mother who used to work 50 hours per week outside the home.  Now I’ve cut it to 20 hours, which is a major upgrade for me and my family.”

As a five-year veteran of MLM, she attributes her success to the fact that, “I switched companies a few years ago once I realized that pots and pans don’t change people lives.  The products I now offer has changed my life and that of others… and I find a lot of value in waking up and going to bed knowing that.”

The interviews and psychological connections lead me to conclude that MLM and NM companies, along with other small businesses opportunities, are important considerations for anyone entering retirement.  In fact, I believe the concept of starting a business for retirement income will become one of the most significant trends impacting retirement in the 21st century.  But it has to start with redefining entrepreneurship and framing it into a retirement lifestyle.  That means helping people find ways to turn a passion, hobby, or personal desire into extra money in their pocket… not to mention helping people see the importance of  planning for the non-financial aspects of retirement such as replacing a work identity, staying relevant and connected, as well as keeping mentally and physically fit.

Something multi-level marketing as well as network marketing companies are poised to capitalize on.  As a result, the industry could soon experience larger than life growth, spurred by baby boomers looking to adjust their retirement feelings and plans.

Source: forbes.com ~ Contributor: Robert Laura ~ Image:

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