So now to the last one that falls in to this category, under franchise and large business but I consider it more as a small business with “franchise and big business” leverage.
Advanced Leverage System (the business’ missing one)
- Pros
- The power of low risk, low overhead in a leveraged way. A way where everyone helps each other, a leveraged way where you are being compensated of the efforts of not just yourself but also of others. Some people call this network marketing, some call it multi level marketing and I like to call it an advanced leverage system or an ALS.
- The reason that I love advanced leverage is you’re in it low risk, low over head and it’s a very powerful way to build a massive amount of not just financial freedom but also time freedom.
- Leverage, creating systems for you to get paid over and over, using other people’s time.
- (Just as like money is a form of leverage when used to hire someone else to help you produce results for your overall goals.)
- Residual Income
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- Cons
- Because there is so much potential, many scammers have launch their own versions however are not legal.
- Sniffing and sorting to find the legal distribution companies vs the illegal pyramid scheme can be time consuming and daunting.
- Such a low risk investment, anybody can try and many fail because of lack of: business understanding, discipline, work ethics, guidance, action plan, etc.
Trading time for hour will always limit you as there’s only a certain amount of time and you can’t create more, it’s a limited resource. Therefore based in what you’ve learned so far, would it make sense that the only industry where you have an unlimited potential amount of income for the lowest amount of risk is in sales? You guessed it right, yes it is. People usually take one step ahead and ask me this very intelligent question: “Now if the Advance Leverage System is so good yet there’s many scam artists, how do I protect myself if I want to chose that vehicle for my career from home?” Which I usually answer: “Glad you asked, this brings me to my next point.”
The Key factors for choosing the right company
- So now we know that the ALS has a lot to offer, including residuals and leverage but we are also aware that scam artists are out there with illegal pyramids to scam us. So what can we do to maximise our research to identify the best company to become sales representative out of the thousands of opportunities out there? Simple, by keeping in consideration these key factors.
- Company’s history (let’s face it, if over 10 years, it shows stability, most business fails within 5 years)
- Financial Track Record
- Ownership and Management
- Customer Service/Marketing
- Timing/Trends
- Unique, Consumable Products or Repeat Services
- Methods of payment
- Competitive Pricing
- Balanced Compensation that is ethical, morally correct and rewards new comers and leaders
- Are there real customers
- Low Personal Production Requirements
- Training, Team and Support
- Are they listed with the BBB (Better Business Bureau)
- Are they listed with the DSA (Direct Selling Association)
- What are the risks
Once you’ve assessed all the key factor, how to choose the right company to partner with?
- Huge expanding market
- Something that reaches and is available worldwide
- Where do you prefer to market? Online or Offline?
- Let’s face it, a company could be perfect in our due diligence but if it’s selling an outdated product such as records or 8 track tapes, you wouldn’t be too successful in business. Nothing personal, it’s just that that market is obsolete.
- Unique repeat product or service
- Something that gets people to pay for it again and again, every single month, etc
- What’s your internal ALS competition?
- What’s your external competition?
- Timing in the trends
- 65% of the money is controlled by the baby boomers which were born between 1946 and 1964
- What is the timing of the opportunity?
- Company’s stability?
- Leverage
- A way to get results using other means than your own efforts
- Example $5,000,000 invested in the bank at 10% gives about $41,000 per month in leveraged residual income. You’re leveraging your money to work for you.
- A way for you to benefit from the work of many people doing a little, but consistently
- Training
- Team
- Support
- How to leverage the online marketing aspects as well as the traditional way
- Leadership
MLM (Multi Level Marketing) is a $29.56 Billion Industry In the US
- According to the Direct Selling Association, in the US alone, the direct sales industry reaches over $29.56 billion
- Here are a couple sources
