1. An asset pays for itself and creates a monthly net profit.
2. When bankers say, "It's an asset," they mean it creates a profit for THEM.
4. You are financially free when your Automatic Money Generators pay you more than you are spending.
So I considered her situation and past reactions into my response. I wasn't going to jump into booking a business presentation with someone who thinks $5 is too much to spend. I decided to start with some basic information and a question to gauge her level of interest.
This launched a back-and-forth via texting, which included my recommendation of a library book to read. She loves to read, so reading a book is not stressful. Also, libraries loan books for free, so the money question is eliminated for this step.
We ended with her promise to look for that book during the library trip next week… and to let me know her opinion of it after she's finished reading.
So now it's in her hands.
In some ways she reminds me of a younger me.
One of my husband's co-workers made an offhand remark about 20 years ago. She mentioned a book about finance that she liked. My husband and I didn't have an extra $20 to buy our own copy. It was a newly-released book, so there weren't copies available on the bookshelves of the charity resale stores in our area. We contacted the local library to put our names on the waiting list for that book, and we waited nearly 3 months for our turn to read it.
Reading those pages was a pivotal moment for our understanding of the power of leverage and the differences between self-employment and business systems.
When there's a will, there's a way. We waited for then read (I mean devoured) that book and others written by that author. If she's truly interested in elevating her financial situation, she will find that book and read it quickly. I will discover if she is "coachable" by what she does in this situation.
The next move is hers. Her actions will reveal whether she is ready to move from dreaming to taking action toward a more prosperous future.
A social media post caught my eye today.
It asked a long-standing question, which I will summarize: If you see a celebrity marketing a new item and you buy it… why do you say No to a friend doing the same? After all, you don't know the celebrity and she/he certainly has plenty of money already.
Consider that your parents, siblings, cousins, and friends already know you.
That's supposed to be an advantage, right?
Well, sometimes it is. And sometimes not.
They know you… but in a particular role. You're their family member or friend, but you are also a stay-at-home parent, insurance agent, nurse, accountant, or police officer. They feel comfortable seeing you in that role. And they're used to seeing you relate to the working world in that manner.
Perhaps you are one of the fortunate ones who already is making lots of money in your current line of work. Your family members and friends might be more willing to listen, since you already seem to have "a good head" about making money. Then again, maybe not.
When I joined my first Network Marketing company in 1996, I approached my extended family members first, just like I was trained to do by my sponsor. All but one said No, and several of them were downright mean in their comments. I felt angry and embarrassed when I reported my lack of progress in the next training meeting. And the next. And the next.
Sometimes it is easier to go where no one knows you.
If your situation is similar to what I experienced, concentrate on meeting and building relationships with business people who don't know you. They won't have a preconceived notion of who you are supposed to CONTINUE being.
When I joined my current company I said very little to my extended family, but I joined and concentrated on people I met in a weekly business referrals group.
You can do the same. Attend business networking groups and meet other entrepreneurs and decision-makers. Your local Chamber of Commerce is a good place to begin. Stay in touch by wishing your new acquaintances congratulations, happy new year, happy birthday, or passing along a tip about their profession or hobby. These actions build trust and visibility.
By the way, when people say No, they continue watching.
They're watching to see if you are in this for the long term.
Be businesslike. Be committed to building, at the pace that is right for you.
It's tempting to buy things you can't afford, simply to "look successful." It's a trap. Please avoid it.
Simply keep taking business building actions, and some of the doubters will turn into believers.
And they will brag about your product, as if they were one of your earliest supporters.
Let them. And smile all the way to the bank.
Are you a woman? Or have a woman on your team?
Do you want powerful women in network marketing coaching your team?
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P.S. I receive no compensation of any type from marketing nor from purchases.