While most network marketing training centers around building a team, today we will focus more on keeping the team you are building. Both are vital skill sets. You want to avoid the ‘revolving door’ syndrome, where the drop out rate on your team is the same as the join rate, resulting in little or no growth or worse… decline.
Think of it this way…
1) Build your team to create a network marketing income.
2) Bond your team and turn that income into a residual income.
3) Keep the laws of decline out of your organization and turn that residual income into a legacy income.
A residual income is created when you do the work right one time and then get paid over and over and over again for the work you did… even while you are sleeping or on vacation!
A legacy income is residual income that pays you not just for a few months or a year, but for years, potentially for decades.
If you seek a legacy income, this video series is for you. We’ll be discussing the Five Laws of Decline… and how to keep them out of your organization.
Like most things in life, your team either grows or declines. Did you know there are specific laws of decline that can creep into any organization? Odds are, some are already active within your organization. You may not even be aware of them. I sure wasn’t! The good news is you can spot them… and with the correct actions, remove them from your team.
These laws are crucial if you already have a growing team… but just as crucial if you are starting to build a team. Knowing these laws before starting to build my organization would have saved me a ton of time, heartache and money. That’s why I want you to know about them… and the sooner the better.
How “The 5 Laws of Decline” affect a network marketing organization. I visited with Orrin Woodward on his Florida estate to discuss how to spot the ‘laws of decline’ and how to stop them from growing roots on your team.
In today’s video we cover The First Law of Decline…
COMMENT! “What’s ONE thing you LOVE about residual income?
Freedom? To give some away? Security? Pay off debt? Impact others? Or…?
Don’t worry, there are no wrong answers, people want a residual income for hundreds of different reasons! Even if you haven’t created a residual income yet, what do you love about the idea of residual income? I’m curious to see how big of a list we can compile.
Here’s to Your Success!
PS: Did you know? Thousands of network marketers from every continent and over 100 different companies gather once year at the Mastermind Event — to learn, network and celebrate our great profession. And did you know the price of Mastermind Event tickets are at their lowest right now? Prices only go up as we get closer to the event. Get your tickets today!
View all comments to this post