Welcome to DAY 4 of 29 Days of the Young Living Business Series. Each day in February, I'll post a business tip to help you get started sharing these amazing products and growing your business.
DAY 4: UNDERSTANDING NETWORK MARKETING.
Before we go further into building this business, I want to talk about Network Marketing. It’s an INCREDIBLE business model. And no—it’s not a pyramid scheme.
So here’s how network marketing works:
Network marketing is word of mouth advertising, which is the most effective form of advertising. Instead of Young Living paying advertisers, it pays “distributors” to share the benefits of the products with others around them. I share with someone I know, they share with someone they know, and so on. This forms a network. Everyone who shares is compensated by Young Living. Pretty basic, right? You share your favorite movie, restaurant, new food item, with your friends and family, and you don’t even get compensated for it. With Young Living, when you share, you get compensated! But only 8% of Young Living wholesale members are actually working the business. If you have an OGV of 500+, you're in that 8%!
What are the benefits of network marketing?
- You earn a residual income. This is HUGE, and probably why MOST of you are here right now – to earn an extra income. With network marketing, you get paid BONUSES for enrolling someone in Young Living as a wholesale member, THEN you also get paid a commission (8%) on the orders they place during their membership. What this means is no matter how many times they order (for life) you earn that commission. You ALSO earn a commission on the orders of the people they enroll up to 8 levels deep! Do you see how this is residual and how the income possibilities are endless? Good.
- You can condense a 40 year career, into 3-5 years. YES, you can. Eric Worre who wrote the book, The FOUR YEAR CAREER (please read it if you haven’t), puts this into perspective perfectly. He says you can either choose the 40/40/40 plan: Work for 40 hours a week, for 40 years of your life, to retire on 40% of your income (which was not enough to begin with), OR you can work for 4 years of your life, and have it provide everything you need for the next 40 years. SIGN ME UP, right?! This is possible with Network Marketing.
- You have TIME FREEDOM. Adam Green, the author of 25 TO LIFE (read this book too), talks about how TIME is our most valuable commodity. It is THE ONLY thing you spend and can never get back. Imagine: You just went back to work after having your first daughter, and you dropped her off at daycare. You feel guilty for MONTHS because you’re missing some of her first moments. Your baby sitter calls you sometime after her first birthday saying she took her first step, and YOU MISSED IT. This is why Network Marketing is a better way. You can stay home with your kids, give them the love and care they need, and STILL WORK YOUR BUSINESS. Heck, you can travel the world, and STILL WORK YOUR BUSINESS. TIME FREEDOM IS REAL. Don’t waste another second NOT building your business. The faster, and more aggressive you build your business, the sooner you’ll be on a week-long vacation spending time with the people that matter the most to you, and it's completely paid for by your business.
- You get INCREDIBLE tax benefits. I’m not totally knowledgeable in this area, but there are many things you can write-off by having a home-based business including part of your home, cell phone bill, car, office supplies, meals, travel, electric, heat, even your dog supplies (guard dog), etc. The list is forever long.
- You CHANGE LIVES. Not only are you working, but you’re doing purpose-driven work. You’re helping to change lives. Young Living is incredible in that it’s a healthy lifestyle company. Not only can you help someone change their health & wellness, but you can help them change their financial situation as well.
- You can LEAVE A LEGACY for your family. Those kids you’re working so hard for right now to provide for financially? When you’re older, you can leave the business to them. YES–it’s WILLABLE. So not only will that residual income keep coming to YOU for the rest of your life, but it will go to your KIDS too. How awesome is that?
- You get to be a part of a HUGE COMMUNITY. The great thing about Young Living is that it allows you to meet incredible people who are JUST LIKE YOU. We’re all passionate about young living, and about network marketing. And we get super excited when someone joins us.
- And finally – you spend A LOT MORE TIME doing things you love. And that’s important.
Sooo… you can spend 3-5 years working HARD (again, this is not easy) to build your network of OIL LOVERS and earn a RESIDUAL income that will provide for you and your family for a LIFETIME and allow you to spend more time doing what you LOVE, with the PEOPLE you love.
Raise your hand if you're in!
25 year old entrepreneur, veggie, essential oil enthusiast, wellness stylist, graphic designer/marketing pro who is enthralled by adventure and opportunity.