POWER OF COMPOUND INTEREST
?but I know the eighth wonder of the world is Compound Interest"
Network Marketing is built on the concept of the power of compounding. You have most likely heard the old example, how much money would you have if you doubled a penny every day for thirty days?
See the table below and you will realize that it's astounding! This is only for the purpose of illustrating the amazing exponential power of 'Compounding'.
What might surprise you is that on day 10 you are only at $5.12 and it takes 18 days to surpass the $1,000 barrier. So it’s hard to believe that by day 30 our single penny has grown into millions. But that is the magic of compounding…it feeds on itself!
Network Marketing works in the exact same way...
The work you invest into your Home Business feeds on itself. If you spend 10 hours one week on your business, 20 the next and none the following, but you put extra time in the following week - your results will be weak.
Even though you may have averaged 10 or 15 hours, per week, you were starting and stopping and not devoting a consistent effort. You would not be giving the compounding a chance to take hold and work in your favor. Not investing some consistent time and effort in your business each week, would be exactly like spending the $1,000 on day 18 - you would always be staring over from zero!
Everything worth while takes some time and effort. Owning your own Home Business is no different. Network Marketing can pay you for the rest of your life, but you must be willing to pay your dues. Imagine investing just 10 hours per week, for 12 to 24 months, and then being financially secure for the rest of your life. Would it be worth it?
Would it be worth it to have a better quality of life for you and your family? To be able to do anything you wanted whenever you wanted? Of course! But, be careful of one sneaky pitfall. If you treat it like a hobby, it will cost you money. If you treat it like a business, you can make a fortune! Take it seriously, have some fun and you will reap a windfall of rewards!
??????COMPOUNDING is the cornerstone
???of the Network Marketing business model!
Your consistent efforts each week and the efforts of your group will provide the foundation for your success. The "compounding" of these efforts over time will produce enormous results.
Now, lets take our penny example of compounding and apply it to an illustration of you building your networking organization.
If you recruited just one new member into your business each month and you taught that new person to do the exact same and the duplication continued, you would have over 4,000 people in your group in one year!
In other words, if everyone just recruited "one" new person into the business every 30 days, the compounding effect would produce a networking empire of over 4,000 entrepreneurs in 12 months! Imagine what your paycheck would be by having 4,000 members in your organization.
??Just ONE! Using the principle of DUPLICATION, refer ONE who is Ready, Willing and Committed to also refer Just ONE new member each month, for the next 12-18 months. That new recruit, should also be one that is Ready, Willing and Committed to refer Just One new member each month for the next 12-18 months.
?This Is The POWER OF ONE! The TRUE Power Of Network Marketing!
????????It Is Simple But Very POWERFUL! Even life-changing!
???????????????????????????'The Power Of One' method of Duplication creates a very powerful doubling effect. If you could double your efforts each and every month while teaching others to do the same, DUPLICATING your business, You can become extremely rich in a very short period of time. The people you recruit could also become extremely rich, which is A Win - Win Situation.
???????????????????????????????
????????????????????????????????????????*** When YOU Start You Are ONE.
?????Lets see what would happen if you recruited just 1 person each month for
????12 consecutive months, sharing this idea of Recruiting One new person per
????month, your recruits see the power of the idea and they do the same thing -
???recruit just one person per month for the next for 12 months:
领英推荐
????????Month????Number YOU Refer????Number They Refer??TOTAL
??????????????1???????????????????????????1????????????????????????????????????????0?????????????????????????2
??????????????2???????????????????????????1????????????????????????????????????????1?????????????????????????4
??????????????3???????????????????????????1????????????????????????????????????????3?????????????????????????8
??????????????4???????????????????????????1????????????????????????????????????????7????????????????????????16
??????????????5???????????????????????????1???????????????????????????????????????15???????????????????????32
??????????????6???????????????????????????1???????????????????????????????????????31???????????????????????64
??????????????7???????????????????????????1???????????????????????????????????????63??????????????????????128
??????????????8???????????????????????????1??????????????????????????????????????127?????????????????????256
??????????????9???????????????????????????1??????????????????????????????????????255?????????????????????512
?????????????10??????????????????????????1??????????????????????????????????????511????????????????????1024
?????????????11??????????????????????????1?????????????????????????????????????1023???????????????????2048
?????????????12??????????????????????????1?????????????????????????????????????2047???????????????????4096
???????????????????????????????????????
???????????????????????????????????????????????
?At the end of 12 months you and those you referred, who have Duplicated you,
??????????????will give you several thousand referrals in your organization.
This really is a dynamic way for ANYONE to achieve financial freedom and independence. You will never make a better investment that will yield results like this! Through this simple principle, you would have Duplicated your business 4,096 times.
????????????????????????Can YOU Imagine....
What could happen if everyone focused on recruiting 'just one a week' instead of one a month? That would mean over 4,000 new members in just 12 weeks! Amazing, is it not?
?
Absolutely . Highly phenomenal