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  *Q34 Save some money before buying the toys,
   

I have warned many top leaders over the years that they must always save first and have at least US$100,000 to US$500,000 (For the super stars, US$500,000 to US$1 million) before they start to buy the toys they like. MLM is like all other traditional businesses. It will not be Christmas everyday.

My downline in India made about US$180,000 for his profit sharing check in 2004 and the next day I wrote to him and instructed that all this money must be saved and not spend on toys. Luckily he listens. He will do the same for his next profit sharing check. I am also asking him to save 50% of his bonus checks every month. Unfortunately, many leaders do not listen and are suffering today especially many of my friends in the Philippines.

Grace, my wife and I did exactly this when we first started in our MLM business and we are still doing the same. Today we are worth millions of dollars and have at least US$1 to 2 million cash in the bank at all times and do not owe a single cent to any bank. Everything we have, we buy cash.

Recently 2 pieces of properties came up that were very cheap and because we have the cash we were able to buy them immediately whereas the other parties also interested in those properties have to wait for their loans. My neighbor is one of them. She lost a condominium to me in the same apartment where we are staying and she could not sleep for a few weeks. You know why? I bought it for less then half the price we paid for our condominiums. Up to today she always joke that I stole the property from her. It is good to have money in the bank so that we can buy properties we do not need. Luckily I did not spend all my money on toys.

I divide my money into 2 kinds. My hard earned money and play money. The money I make from my MLM business is my hard earn money. This money is for our monthly expenses and buying small things we do not categorize as toys. We keep and invest the rest. I keep most my money in the bank (different foreign currencies) or buy real estate and gold. I do not need risky investments or expect high returns. I do not touch the stock market and will advise all of you against it. It will confuse your mind and most end up not as investors but gamblers.

Every time we buy toys, this will be from our play money. These are money we make from our investment we invested with hard earned money. It is well know in Taiwan that when we buy a new car or something more expensive, it is because Grace and I have sold something and made some play money. Over the last 18 years the money we made from our investments is probably as much as the money we made from our bonuses.

To conclude, I would like to ask leaders who just made some money, have no savings and have bought toys with borrowed money. What are you trying to do? MLM is a business. Please behave like a businessperson.

 
  Story Archive
   
  Q.56 Sponsoring Wide or Deep?
 
  Q54 MY CONVERSATION WITH A SCHEMER
 
  Q55 FANTASIES OF SOME NETWORKERS
 
  Q51. The United States Of America is a country that is made up of 51 States (50 States and one Federal district) I have therefore reserved Q51 for this very important topic. The United States of America is a country where pyramid schemes originated and remains the main export today. How come the US FTC is not doing anything?
 
  Q52. How to write a new anti-pyramid law to effectively close down pyramid scheme companies. (Coming soon.)
 
  Q53. Your computer. Tool or toy?
 
  Q49. We are not the biggest company but we are the best.
 
  Q50. I really do not have any idea how to communicate my ideas or talk to my upline. I find that the way he talks sometimes so straightforward and hurtful.
 
  Q48. My opinion on people who lost money in pyramid schemes and claim they are innocent victims.
 
  Q47. What is the greatest obstacle or challenge Networkers faced?
 
  *Q40. Our teams have gone to using the term Team Marketing, rather than Network or Multi-Level. This is also quite a common term around Europe and feels a bit more 'current' - what do you think?
 
  *Q1 Isn't MLM all just pyramid schemes?
 
  *Q10 I have no interest.
 
  *Q2 Do I have to sell?
 
  *Q3 Isn't the market already saturated?
 
  *Q4 MLM is a business that benefits only people who join first.
 
  *Q5 I have no time.
 
  *Q6 I am not a good speaker.
 
  *Q7 I have no friends.
 
  *Q8 Can you teach me how to be a Diamond?
 
  *Q9 The products are too expensive.
 
  *Q11 How to protect downlines from other companies.
 
  *Q12 Binary marketing plans.
 
  *Q13 I stumbled across an online program that teaches MLM. The courses are very good but I found out that it is also a MLM company. Will I damage my downlines if I also ask them to sign up for the course?
 
  *Q14 I was shown a MLM business that sells essential oils. I don't 100% understand their plan, but their concept is ask people to buy the franchise (RM30K- Malaysian Ringgit. About US$10,000) so they have more overriding. Secondly, they don't ask customers to buy the products, that means every person is a investor and no need to sell products and maintain monthly sales. The Top line also promise they will throw people down under me to help me build the 5 line system up to 7 deep.
 
  *Q15 What is your view on Binary (2 lines system) Triple Matrix (3 lines) Quintuple (5 lines system) type of MLM marketing plans?
 
  *Q16 I was invited to a MLM company business opportunity meeting and the speaker told us that the are going to go into the China market next year.
 
  *Q17 A friend doing a tuition center became a millionaire at the age of 30. He said he is successful because he has a mentor behind him to teach him how to invest and manage the business. So he recommend I should also look for a MLM mentor to be my teacher too.
 
  *Q18 I understand that meetings/training are very important in MLM but there are no meetings/training held for our group these 5 months (maybe we don't have a large group yet) We only attend company event once a month. I feel we are out of MLM system already.
 
  *Q19 My friend seems to have no motivation towards everything he does. He is lazy. He has the potential to be a good leader but doesn't have the drive to push anything further than his current limit. As a friend, what can i do to help him? His life seems to be disorganised and mundane and he know himself.
 
  *Q20 I'm a distributor in England and my wife is from Japan. She has moved back to Japan and I am moving out there in around 4 weeks and going to build my business out there. I have some friends in Thailand that I would like to sponsor too. Can give me some suggestion.
 
  *Q21 My upline is a so called leader. He bought 2 to qualify for his pin and profit sharing bonus and received US$205,000. At least US$120,000 is mine because he played games. Easy money comes, easy go. He is now bankrupt and his group has collapse.
 
  *Q22 What is your stand on short term promotion?
 
  *Q23 I joined a MLM company about 4 months ago. I can still remember how excited I was but my growth is very slow. I am not doing well and I feel down but I won't give up, I promise.
 
  *Q24 I have a leader who is very much committed with the business but very hard headed. He doesn't communicate and he doesn't want me to coordinate with his downlines. He is my former boss. He doesn't even reply on my SMS. Please advise me what to do with this kind of manager?
 
  *Q25 When you develop a certain area more than 100 kms away from your residence, what is your frequency to develop or visit the area. Also if you have new recruit what did you give and assistance? Thanks and more power
 
  *Q26 What are some mistakes you're not allowed to make?
 
  *Q27 Business in my country is booming and the leaders are beginning to fight amongst one another. There is a lot of jealousy and disunity.
 
  *Q28 I am distributor living in Indonesia and have been in the business for 12 years.I have attended many training/meetings such as OPP, NDO, MAM, Product Training, Home meeting, Business Workshop, Advance Training, etc. How do I develop a business school to teach MLM in Indonesia for my company?
 
  *Q29 I wrote a book on Network Marketing which is very good that will help many new distributors in my company but my company refuse to promote and sell my book. They sell personal improvement books written by people and even sell T shirts, hats, pens and other promotion materials. What do you think of this company policy.
 
  *Q30 The General Manager/Country Manager/Managing Director of our company does not listen to distributors.
 
  *Q31 My friends avoid me like a plague.
 
  *Q32 I need this business because I am in debt.
 
  *Q33 I am full time in this business. How many non-leadership lines should I have?
 
  *Q35 Can you teach me how to be a successful in this business?
 
  *Q36 How do you calculate the potential of a new market.
 
  *Q37 Why the company does not provide free literatures like brochures, flyers, leaflets and etc.
 
  *Q38 A small flaw may cost you tons.
 
  *Q39. WE BELIEVE.
 
  *Q41. SUBJECT: Speaking Fee. I would like to invite you to my country to do training for my group. I want the best to come and visit us and I know you are the best. I will take care of everything and your expenses and then we split the profit 50-50. You should be able to earn about 20,000 euro for you effort as I expect about 1,000 people.
 
  *Q42. Your dogs are really cute and nice. They appear to have been well taken cared of and trained. One thing I like with dogs is that they are known to be loyal and do not bite the hand that feeds them. How I wish some of our former downlines who have gone astray and joined other companies and are now hurling inappropriate words against us learn and inculcate the faithful qualities of dogs.
 
  *Q43. Is sponsoring more important then retailing? I find the business very hard.
 
  *Q44. Advise. When you send emails to your friends and if you send to more then one always send under Bcc ( not under To or Cc) so that other people cannot get the addresses of your friends in your mailing list. This will reduce the spam mails many of us are getting everyday.
 
  *Q45. Some of my favorite books.
 
  *Q46. What is the most important thing you learnt in network marketing?
 
 
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