| Several years ago, I discovered that
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| | after countless of hours of research, let
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| there are unlimited paths on which one
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| | me tell you what to look for in a network
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| can travel through this journey we call
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| | marketing company:1) Solid background.
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| life. Up to that point, I had done
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| | The company you work for should have at
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| nothing but dream of the day I would play
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| | LEAST 5 years of history, and it should
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| professional soccer. My senior year on
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| | be POSITIVE history. Look for things
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| the college soccer team was cut short
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| | like a company that's traded on the stock
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| with a bad ankle injury, so I focused on
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| | market, honors from reputable companies
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| finishing up my degree and
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| | (Business Week, Forbes, etc.)2) Great
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| graduating.There I was, just having
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| | leadership. I learned this from Jim
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| graduated college where I was receiving
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| | Collin's book, Good to Great. See what
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| my computer science degree and was ready
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| | the company leaders have done in the
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| to do what you're supposed to do, go get
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| | past. (i.e. Were they selling magazines
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| a 9-5 job for the next 44 years and
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| | from the back of their car before joining
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| retire at age 65. I went to work at a
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| | this company?) Also - Are any high
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| respectable aeronautics company as a
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| | profile figures endorsing the products?
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| Software Engineer. My head was always
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| | (With a high profile person's reputation
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| great with computers, but my heart would
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| | at stake, they will only associate with
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| never listen to my head. I found a "MLM"
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| | top products.)3) Re-usable products.
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| network marketing company shortly after
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| | Whatever you're selling and/or consuming
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| beginning my soon-to-be short lived
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| | needs to be items that are used up
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| software engineering career. After
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| | quickly and re-ordered regularly.
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| paying a LOT of money ($5,000) for a LOT
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| | (Mortgage Refinancing doesn't work in
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| of product, became a "director" at this
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| | network marketing because the average
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| company. To make a long story short, 6
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| | person only refinances every 5
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| months later I had $4,900 in products
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| | years.)4) In demand products. Example,
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| sitting in my parent's garage, and the
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| | the health industry is seeing tremendous
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| network marketing company was involved in
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| | growth due to all of the baby boomers.
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| a lawsuit and had been completely shut
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| | This is paired with the life expectancy
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| down. I was supposed to get reimbursed
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| | raising every day. (We'll be at life
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| some portion of the $5,000 I had invested
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| | expectancy of 120-150 years in no time.)
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| (after lawyer's fees and such were taken
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| | The health field is a GREAT example of a
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| out), but that was about 7 years ago and
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| | great place to investigate.5) Solid
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| I haven't seen a dime since then.Fast
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| | marketing techniques. There are
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| forward about 4 more years down the road.
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| | something like 6 or 8 main models of how
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| I was on my 3rd software engineering
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| | a network marketing company can pay it's
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| position and had almost tripled my income
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| | associates. Make sure the model of your
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| from when I first graduated college!
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| | company is fair, doesn't require
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| This was GREAT, but even then I realized
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| | minimums, and is truly residual. (So that
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| that the reason I was forced to find my
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| | if you ever stop growing your business,
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| 3rd job was because the company at my 2nd
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| | your income keeps coming in.) Also - How
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| job went through a company-wide slashing
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| | do you find your associates? (Through the
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| and laid-off about 2/3 of the entire
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| | internet? Friends and family?) (Read
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| company. I did NOT like the idea that
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| | Richard Poe's Wave 4: Network Marketing
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| one day my family would be at the mercy
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| | in the 21st Century)6) Do your research.
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| of bosses and VP's at companies who are
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| | You need to take calculated risks to be
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| only looking out for themselves. I had
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| | successful in anything in life...but make
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| to do something about this...I saved up
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| | sure you've done your research by
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| money for several months of expenses, and
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| | checking out the BBB (better business
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| started exploring many businesses that I
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| | bureau). Try to find "dirt" on the
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| could start on my own. I had a short
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| | company. (Check the validity of the
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| stint with my best friend and one other
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| | sources claiming the dirt.)7) How are the
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| person. There was a rather successful
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| | products delivered? (Do you need to stock
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| company they had both worked at
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| | a garage full of products? Can the
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| before...and said it was going to be easy
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| | associates place orders
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| to recreate everything that their former
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| | directly?)8) Great training. Make sure
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| company had done. We started out, and I
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| | that you will have the proper training
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| quickly left after making 200-300 cold
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| | and support from your team. You don't
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| calls per day. (3 ½ years later this
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| | want to be a part of something where
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| company is doing monthly sales of
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| | you're totally on your own to figure it
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| $250,000-$300,000 and all of the owners
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| | out. (This typically relates directly
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| are making 6 figures...OOPS!) I still
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| | back to the companies compensation
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| talk with my best friend daily and we are
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| | plan.)9) IMPORTANT - How many hours per
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| always plotting our next big money
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| | week do you need to put into the
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| maker...but I'll talk more about that in
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| | business? Are true passive/residual
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| a bit...I finally chose to start a
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| | income techniques employed? (e.g. How do
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| franchise with my parent's equity in
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| | you find your downline? How do they get
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| their home. (After MANY hours of talking
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| | trained? How much help is your
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| with them.) After investing over 6
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| | upline?)10) Make sure you keep your
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| figures into this franchise, we quickly
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| | current "linear" income job until your
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| discovered that we should've chosen a
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| | new network marketing company residual
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| much more seasoned franchise. (Of course,
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| | income can overtake it!11) MOST IMPORTANT
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| we couldn't have afforded the bigger
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| | - Learn how to dream, and also learn how
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| franchises...) 5 years later, I've made
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| | to set goals. (Read Napoleon Hill's Think
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| around $8,000 from the company (total),
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| | and Grow Rich) 90% of this business is
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| and besides paying for all of the
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| | mental. (This is true of any endeavor in
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| employees, taxes, product, rent,
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| | life, playing professional sports,
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| etc...we've got nowhere besides paying
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| | achieving great wealth, affecting mass
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| the monthly interest only loan payments
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| | humanity, etc.) EVERYTHING starts with
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| to the bank. (This is after working
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| | an idea in one person's head. Conceive
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| 80-100 hours/week for the first 11 months
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| | it, believe it, achieve it. (Read
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| of the business...where at that point I
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| | Malcolm Gladwell's The Tipping
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| was forced to find other work because I
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| | Point)Jason Cardamone is a certified life
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| had to make SOME income to pay my
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| | coach, accomplished soccer player and
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| mortgage.)Finally, after all of these
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| | coach, entrepreneur, and most recently, a
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| "failures", I found the PERFECT company,
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| | successful network marketer.
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| a network marketing company. First,
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