Profits are better than Wages

Jim Rohn is awesome. Here is one of his most famous sayings, and one of my favorites.

"My mentor, when I was 25 years old, dropped a phrase on me that changed my life forever when he said, "profits are better than wages. Wages will make you a living, profits can make you a fortune." You know it is a bit difficult to get rich on wages, but anybody can get rich on profits. Profits change your whole attitude, even if you start part-time. Whether it's part-time on your entrepreneurial business, network marketing company or service business.

It can be a landscape business in the summer or hanging Christmas lights in the winter. It can be training, consulting or tutoring. It can be your hobby such as painting, writing, crafts, woodworking, computers or cooking. But once you start investing even part time effort into your own business, you will find how much more exciting it is to get up in the morning and go to work on your fortune, even if you're only spending a few hours a week doing it.

How empowering it is to be able to go to work on your fortune every day rather than going to work to pay the rent. Now - it is noble to go to work to pay the rent, but if you could also parcel out part of your time - go to work to make your fortune. Your whole attitude changes; your spirit changes. It is in your voice. It is in your face. It is in your gestures. And then you can say, "I am now working full-time on my job and part-time on my fortune because I found a way to make profits." Wow! "

To Your Success, Jim Rohn

Credit Statement to be included in Reprints:
This article was submitted by Jim Rohn, America's Foremost Business Philosopher. To subscribe to the Free Jim Rohn Weekly E-zine go to www.jimrohn.com or send a blank email to subscribe@jimrohn.com Copyright © 2001 Jim Rohn International. All rights reserved worldwide.

Your First Year in Network Marketing

I am a HUGE fan of the network marketing industry. You can start a part time business from home with very little start-up costs and because of the tax savings operate it nearly debt free in your first year. These direct sales home businesses are very simple to operate, but it is not easy. More than anything else, you must commit to continuous self development. If you join a network marketing company and stick with it, you can make good money, get more control over your time, and come out in the end just a more confident and better overall person.

If you are just getting started or thinking about getting started in network marketing, I highly recommend that you read the book Your First Year in Network Marketing. It paints a very realistic picture of what you can expect to experience if you become a network marketer. Great book.

The Go-Giver

I recently picked up an interesting little book called The Go-Giver. It is written in short story format, so it is a pretty fast read and well worth your time. It is a great book for anyone interested in network marketing.

In it, the author identifies what he calls The Five Laws of Stratospheric Success. They are of course not “laws” at all, but I find them very appealing as principles for how we should conduct ourselves in business. The five “principles” are:

1. The Principle of Value: Your true worth is determined by how much more you give in value than you take in payment.
2. The Principle of Compensation: Your income is determined by how many people you serve and how well you serve them.
3. The Principle of Influence: Your influence is determined by how abundantly you place other people’s interests first.
4. The Principle of Authenticity: The most valuable gift you have to offer is yourself.
5. The Principle of Receptivity: The key to effective giving is to stay open to receiving.

There is no real evidence that if we practiced these principles as a system our success would be guaranteed. There is no simple formula or recipe for success – sorry. But all of us have some set of underlying principles guiding our behavior, whether or not we have ever made the effort to identify what they are.

If you are not satisfied with how you are operating right now, and you are willing to do something about it, give these principles a try. You might not make a million bucks when you put these into practice, but I have a hard time seeing how your relationships with others would not end up more enriched.

You cannot succeed in network marketing without helping others. This book caputures that concept very well.

Billion Dollar Club

The companies in the direct sales industry with the most sales:

1. Avon
2. Amway
3. Vorwerk & Co. KG
4. Herbalife
5. Mary Kay
6. Primerica Financial Services
7. Tupperware
8. Forever Living Products International
9. Oriflame Cosmetics
10. Natura Cosmeticos SA
11. Nu Skin

Each of the companies listed above does over a billion in sales each year.

http://www.directsellingnews.com/index.php/entries_archive_display/the_billion_dollar_clubhow_the_top_companies_compare

Another Trump Endorsement

Did you catch The Celebrity Apprentice on March 23, 2009? The featured company was ACN, http://www.acninc.com/, a company that distributes telecommunications products and services through network marketing. A strong endorsement of the industry from Donald Trump.

Network Marketing Class

Extended Studies at the University of Nevada, Reno presents
NEW! Network Marketing: The Art of Nontraditional Marketing
Friday-Sunday, March 13-15, 2009 University of Nevada, Reno • Redfield Campus

"Network marketing is a legitimate and effective distribution model that allows people to use, promote and sell a product they love and to be compensated for creating an organization of people who do the same."
— Bret. L. Simmons, Ph.D., assistant professor, University of Nevada, Reno College of Business Administration

In these challenging economic times, do you have an alternative plan?

Are you searching for ways to keep more of what you earn and gain more control over your time and financial future? If so, networking marketing may be for you.

In this three-session course, you will learn why network marketing merits serious consideration as a sound business alternative, as well as how to select a company and establish the foundation of a legitimate home business that you can operate with integrity.
When: March 13-15; Fri.-Sun. (Friday, 6-9 p.m., Saturday and Sunday, 9 a.m.-4 p.m.)
Where: University of Nevada, Reno, Redfield Campus, 18600 Wedge Parkway, Reno
Instr.: Bret Simmons, Ph.D., assistant professor, College of Business Administration, University of Nevada, Reno
Fee: $299, includes tuition, all course materials, parking each day and lunch Saturday and Sunday
Sched #: 091LEAD105 (Register online at www.extendedstudies.unr.edu or by phone at (775) 784-4062 or 1-800-233-8928.)

Course Topics
• How to select a network marketing company
• Understanding a company’s value equation
• Legal considerations
• Establishing a tax file and accounting system
• Leadership and ethics
• The art and science of persuasion
• Network marketing business development
• Establishing an online presence
• Expanding existing network marketing businesses

This course will help you if:
• You are looking for a "Plan B" and want to learn more about how network marketing can help you stay ahead in a challenging economic environment.
• You are new to network marketing and would like to speak with more confidence and knowledge about the legitimacy and benefits of the industry.
• You are in network marketing and have yet to develop a statement of purpose, code of values and ethics, or an effective system to document your operations in order to maximize the tax benefits of your business.
• You are seeking a visible educational credential demonstrating your mastery of the skills and knowledge required to build a successful network marketing business. Participants will be awarded a certificate of completion from the University of Nevada, Reno upon successful course completion.

About the Instructor
Bret L. Simmons, Ph.D., is president of Sierra Management Research, Inc., a leadership consulting and training company, and president of Metanoia, LLC, a home-based network marketing company. Dr. Simmons is an assistant professor of management in the University of Nevada, Reno College of Business Administration, where he teaches MBA and undergraduate courses in organizational behavior, leadership and research methods and publishes research on employee health and performance. He is a member of the Academy of Management, the British Academy of Management, the American Psychological Association and the Society for Industrial and Organizational Psychology.

This course may be taken independently and requires no formal admission to the University. Early registration is encouraged.
Register today!
www.extendedstudies.unr.edu • (775) 784-4062 • 1-800-233-8928
The University of Nevada, Reno is an Equal Opportunity/Affirmative Action, ADA institution. A portion of program fees may be used to pay hosting expenses. Produced by Extended Studies Marketing Dept., 1/09.