{"id":1396,"date":"2019-07-05T05:29:12","date_gmt":"2019-07-05T05:29:12","guid":{"rendered":"http:\/\/gdiblog.sailingwithalbie.ws\/?page_id=1396"},"modified":"2019-07-17T18:38:01","modified_gmt":"2019-07-17T18:38:01","slug":"how-much-money-do-you-make","status":"publish","type":"page","link":"http:\/\/gdiblog.sailingwithalbie.ws\/?page_id=1396","title":{"rendered":"How much money do you make?"},"content":{"rendered":"
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\"\"<\/a><\/span><\/div>\n<\/blockquote>\n
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How much money do you make? <\/span><\/div>\n
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If this question is asked to someone working a job then the answer is much different then if this question is asked to a person building their own business.\u00a0<\/b><\/span><\/div>\n
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You can be building a busisnes for quite a while and be taking a loss<\/b> instead of a profit. But this does not mean the business is necessarily bad.<\/b> It MAY mean the product is not profitable ( it could be a matter of supply and demand) OR that the business has not been built up yet. It also could be a matter of investment<\/b>. Perhaps the business person has NOT invested enough time, persistence, passion and\/or money for it to succeed yet.<\/span><\/div>\n
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There is a real big problem with the assumption behind the question \u201chow much do you make\u201d because it assumes that in order for your business to be successful enough for me to join it, you have to be making a lot of money. <\/b>This assumption is in error and I will try to explain why:\u00a0<\/span><\/div>\n
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The first problem with this is that creating a busisnes is not usually a paid position! Income is created by the product you sell and the team you create to sell that product.<\/span><\/div>\n
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Second of all it shows no understanding of what it really takes to succeed.\u00a0<\/span><\/div>\n
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Let\u2019s look at our first example: imagine you\u2019re selling flowers on the street. It\u2019s probably not going to make you a lot of money as it\u2019s all based on your work only and you\u2019re not selling a very high ticket item.\u00a0<\/span><\/span><\/div>\n
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Also you\u2019re not getting paid by the hour because you\u2019re directly responsible for how much you make by how many flowers you sell. But to sell a high ticket item on the street is probably not really going to work either. But this example shows a very basic business. <\/span><\/span><\/div>\n
..<\/span><\/div>\n
To take this business to the next level, you need to create a team who sell a product (who you earn a little monthly residual commission from each product that your team sells). To make a good amount of money, you most likely will want a product that is needed and paid for monthly. If you have larger ticket products for people to buy once they \u201ccome in your store\u201d this will also help. When talking about an online business – instead of \u201ccoming in your store\u201d it would be those who \u201ccome through your website funnel\u201d.\u00a0<\/span><\/span><\/div>\n
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Here\u2019s our second example: Imagine building a house. First you have to build the foundation and \u00a0then the structure and then the walls and roof. You don\u2019t expect to live in it until you\u2019re done do you? It\u2019s the same for a busisnes. You have to build it before it can create the income you\u2019re really looking for.\u00a0<\/b><\/span><\/div>\n
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People don\u2019t realize the work and investment often involved is substantial to get a busisnes off the ground. It takes a lot of advertising and the acquisition of many leaders. And this takes real time.<\/b><\/span><\/div>\n
..<\/span><\/div>\n
That being said it is important that you have someone who has succeeded already <\/b>in building the business you are building or one very similar, so that you have a solid example<\/b> to follow. <\/span><\/div>\n
..<\/span><\/div>\n
Also you want to make sure the income commission structure is truly lucrative.<\/span><\/div>\n
..<\/span><\/div>\n
One last example to hopefully help this set in. Imagine your business like an amazing piece of \u201cmachinery<\/b>\u201d. To make it really work properly, it takes a certain amount of power<\/b>. If you don\u2019t have that power source it just simply won\u2019t produce what it\u2019s supposed to.\u00a0<\/span><\/div>\n
..<\/span><\/div>\n
So to bring this home, imagine that in order to make your business produce \u201cz\u201d amount of income you need \u201cx\u201d amount of leaders who are selling \u201cy\u201d amount of product.<\/b> And until you have those leaders<\/b>,<\/span>\u00a0the equation will never equal what you want.\u00a0<\/span><\/div>\n
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Not only is this so but often leaders in a startup business are not paid a salary<\/b> but are working with the same hope you are: to create a certain amount of income monthly from this business. And if you are missing key ingredients<\/b> of leadership<\/b> to help motivate your team, you may not ever be able to get the leaders you want until you fall down and fail as many times as it takes<\/b> to learn the lessons you need to learn.<\/span><\/div>\n
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This again takes time to learn all these lessons and how can you judge whether a business is good or.bad just by asking \u201chow much money are you making?\u201d You can\u2019t!<\/b><\/span><\/div>\n
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And you may have better or worse leadership skills<\/b>, so there is no way to judge how fast YOU will succeed based on someone else\u2019s efforts.\u00a0<\/span><\/div>\n
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Let me change gears a little and try to sum all this up with what my millionaire mentor advised us:\u00a0<\/span><\/div>\n
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\u201cFind the ones (or leaders) who have a burning desire to achieve.\u00a0<\/span><\/span><\/div>\n
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People like to help others, so I ask:<\/span><\/span><\/div>\n
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Could you do me a huge favor…<\/span><\/span><\/div>\n
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Do you know anyone who\u2019s looking to make extra income?\u00a0<\/span><\/span><\/div>\n
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Ask the least amount of questions to as many people as you can. If you spend too much time with each person then you wear yourself out before you even get to the 2-3 with a burning desire.\u00a0<\/span><\/span><\/div>\n
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They all ask the same questions:\u00a0<\/span><\/span><\/div>\n
How much does it cost?<\/span><\/span><\/div>\n
How much work do I have to put in?<\/span><\/span><\/div>\n
How long before I earn my money back?\u00a0<\/span><\/span><\/div>\n<\/div>\n
.<\/span><\/div>\n
<\/div>\n
However, the ones that have a burning desire want to know one real answer:\u00a0<\/span><\/span><\/div>\n
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Can this change my life financially?\u00a0<\/span><\/span><\/div>\n
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The others just want to find an answer that will disqualify them from the opportunity. When working with these people it feels like sales because you feel like you need to convince them. Not so with the other group.\u00a0<\/span><\/span><\/div>\n
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The people with a burning desire will get past you not explaining everything as they just want to meet the person with the answers. But the people who are just curious NEED the answers so they can disqualify themselves.\u00a0<\/span><\/span><\/div>\n
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Don\u2019t make it about you. Get the people with a burning desire in front of the expert for the answers.\u201d*<\/span><\/span><\/div>\n
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\u00a0*Paraphrased from Robert Hollis\u00a0<\/span><\/span><\/div>\n<\/div>\n
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I hope this helps you understand what most leaders have a hard time explaining when asked: \u201chow much money you are making?\u201d <\/span><\/div>\n
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It is probably a better idea to first take a good look at the compensation plan<\/b> to see if it is truly a valid opportunity. Then if you have questions about income that cannot be answered by the leader still in the \u201ctrenches<\/b>\u201d it would be best to talk to the person who had succeeded already. <\/span><\/div>\n
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~Albie <\/span><\/div>\n
SailingWithAlbie@gmail.com<\/span><\/div>\n
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PS: Now here<\/u><\/i><\/b><\/span><\/a> is a sample of our business calculator to see what your potential earnings can be after getting a certain amount of good leaders.\u00a0<\/span><\/div>\n
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. How much money do you make? . If this question is asked to someone working a job then the answer is much different then if this question is asked to a person building their own business.\u00a0 . You can be building a busisnes for quite a while and be taking a loss instead of … Continue reading How much money do you make?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"http:\/\/gdiblog.sailingwithalbie.ws\/index.php?rest_route=\/wp\/v2\/pages\/1396"}],"collection":[{"href":"http:\/\/gdiblog.sailingwithalbie.ws\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/gdiblog.sailingwithalbie.ws\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/gdiblog.sailingwithalbie.ws\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/gdiblog.sailingwithalbie.ws\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1396"}],"version-history":[{"count":14,"href":"http:\/\/gdiblog.sailingwithalbie.ws\/index.php?rest_route=\/wp\/v2\/pages\/1396\/revisions"}],"predecessor-version":[{"id":1448,"href":"http:\/\/gdiblog.sailingwithalbie.ws\/index.php?rest_route=\/wp\/v2\/pages\/1396\/revisions\/1448"}],"wp:attachment":[{"href":"http:\/\/gdiblog.sailingwithalbie.ws\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}