Posts

One a Week - For a Year

  This post is a perspective-builder. I don't want to insult anyones' intelligence here, but one a week for a year is 52, right?  In our business we use an initial "cash now" offer that is followed by a subscription offer, which is funded out of profit. For the sake of simple math, let's say a subscription is $200 a month.  This (times) 52 is $10,400 a month in gross income.  After taxes at 25% the net income is $7800.  This replaces most people's incomes, and if not, is a welcomed "bump" in income for anyone. Now, given the leverage components of a Referral Line Compensation Structure, to realize a group of 52, you do not need 52 direct recruits because people are referred to you as a part of the business model.  Again, this is a leverage component stipulated by a contract.  Realistically, a group of 20-25 direct recruits can produce a group of 52 (give or take).   Then you need to account for the realities.  Eventhough we do our best t...

Hope Tethered to a Strategy

No doubt, you have heard the expression, "Hope is not a strategy".  Just so you know, I am not "going there".  The expression is somewhat flippant and unserious. The statement offers little of value.  I simply wanted to mention it to frame something that is of value. It is important to understand that what we do is noble.  What we do is important.  We help people by showing them a path to improve their financial condition.  We inherently instill "hope".  It is the aspirational idea that things can and will be different.  It is the promise of money being a lubricant to life by providing the means for security, and ultimately with time and effort, prosperity. However, hope is not enough.  It needs to be tied to a strategy that is realistic and can be implemented with a reasonable amount of learning and effort.  This entire blog talks about all of the variables that constitute this "strategy". If your head and heart are in the right place, ...

Competence and Compensation

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 I created this graphic as a Facebook and Instagram post.  I simply wanted to include it as a post. It speaks for itself. No explanation is necessary.

Recurring versus Residual Income

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I am splitting hairs here a bit, however, I want to point out a difference between two terms based on the income platforms we employ.  Many times, recurring and residual income are used interchangeably.  From my perspective, they are not the same.   Both are also referred to as "passive" income because both continue to pay regardless of whether there is still active work being done.  However, in the models we use, for income to recur (periodically), an effort has to be applied to make it happen.   In other words, if you need to work with people to get paid, it is not automatic.  It is "earned" in the true sense of the word.  It can and will recur, based on the business model, but it is not automatic.  It is dependent on people doing something in order for you to derive any income. Residual Income, on the other hand, is "automatic".  It is tied to automatic payments on a calendar basis and linked to someone's bank account, credit/de...

Our Hamburgers are Education & Tools

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Odd title, right?  Let me explain. Franchises exist for all types of things... massages, hardware, storage, any type of fast food... including hamburgers.  Law Offices, Insurance Agencies, Real Estate Brokerages, Physical Therapy Clinics, H&R Block... OK, you get it. What all these have in common is a set of processes for operations, policies and procedures, standards, and best practices... all culminating in a replicable model that can be repeated over and over.  Simply put, all franchises provide a business template. What we do is the same.  We market digital franchises.  Our product is eLearning, sometimes referred to as Digital Education.  We deliver our product over the internet and affiliate with Online Platforms that have a business template in place for us to follow.  In addition, these platforms also provide all of the business functionality to handle payments, organizational tracking, management, training, and a host of other functions, d...

Emotional Energy and a Second Job

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Whether you define it as emotional energy, or simply as just energy, this is a simple component of your success to understand.  Most people we recruit already have a primary job, as you probably do as well. Inherently, what we are asking people to do is to jam something "extra" into their lives.  No matter how thoughtfully and constructively we frame it, no matter how much we can preach time management, regardless of how we define business-building activities - at the end of the day we add "something else" to peoples' lives. I am not going to go down the "why" path, e.g. people need to have a strong enough "why" to compel them to action.  Fundamentally, what precedes this is emotional energy.  It is the internal transfer of energy from your head and your heart to your hands, feet, and will to communicate.  In other words, knowing what to do is not enough.  Doing it is everything. (And) this requires fortitude (emotional energy). At his point,...

Vertical Industry Marketing

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The core strategy of Agreement Seekers is a method called Vertical Industry Marketing.  This bears some explanation.  First, a vertical industry is a group of companies that focus on a specialized market.  For purposes here, let's talk about Landscapers as an example.  Landscapers obviously have expertise in turf management and shrub/tree maintenance.  They have skill sets in equipment care and are generally multi-taskers and problem solvers... are industrious and entrepreneurial. They have relationships with equipment vendors, landscape architects, lawn sprinkler companies, nurseries, arborists... and of course, all of their customers, however, customers are not included here. All of these companies are in the same "vertical", however the most important is the one not mentioned.  It is a landscaper's competition - other landscapers.  This is the main opportunity for this marketing method. Essentially we give every "industry vertical" the opportunity t...

The Gnats and Fruit Flies of Social Commerce

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I have written about this topic once before with a different and more straightforward take.  I called that post "Scam and Pyramid Marketing".   This time I want to frame things as irritating - like a gnat. Gnats and Fruit Flies buzz around your head.  You swipe at them, but they persist.  They are annoyances that can drive you to distraction. They have no real value in the scheme of things.  They are simply pesky little undesirable critters. For just about any non-traditional business model such as Affiliate Marketing, you can typically find a Google-ranked reference to such businesses as being a scam, a pyramid, or a cash gifting "scheme".  These "gnat" articles are sleazy and self-serving due to nearly 100% of the time their sole purpose is to trash the company cited and then tell you how great their opportunity is as an alternative. It should go without saying that this is duplicitous and disingenuous, not to mention that most of these posts are wri...

Referral Line Compensation Explained

First, a little background to set the stage for what follows. A contract is something that all parties agree to that governs the rights and duties of those involved.  A contract can stipulate anything, however, there is no contract unless there is an agreement between two parties .  It is a statement of expectations and “how things will work”.  The business platforms we affiliate with have contracts, also known as “Terms of Service”. You agree to these terms in participating in our business. In the world of Affiliate and Online Marketing, there are many compensation models.  Among these are subscription, referral line, power leg, matrix, uni-level… and the list goes on.  (Most) all provide incentives for some type of leverage.  Leverage is defined in different ways:  1) overall volume, 2) individual transaction margin, and/or; 3) organization size.  Obviously, in many cases, these go hand-in-hand. With eLearning courses, products are based on tie...

Moral and Philosophical Underpinning

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We build groups of people who choose to collaborate to make money together.  Fundamentally, this is what we market and "sell".  The individual businesses and platforms we employ to fuel the economic engine do not really matter (given they are sound).  Essentially, they could be anything.  As such, we are not hawking a "biz opp", we are creating understanding about the benefits of "agreement" and of being in business together. This agreement, at its core, has a moral and philosophical underpinning.  Without "agreement", a viable, long-term business will not exist.  No consensus, no shared values, and commitment... no long-term business.  Therefore, to re-state, we build consensus within groups of people who choose to be in business and make money together.  The asset you build is a group of competent, committed people who (ultimately) participate in monthly subscriptions, long-term -with you being the recipient/beneficiary. To back up a step, mora...

Squandering Existence

Let me start with a number of questions. Who is accountable for your life?  Do you have anyone pushing you to excel?  Do you have your own standards that you strive to meet? What benchmarks do you have that signify success?  Given that this blog is about home business and making money. are you satisfied with where you are with respect to your finances and earning potential? Is any of this worth any thought?  Is it possible to be intentional and strategic about how you invest your time and resources, pursuant to stated objectives? To squander is to waste foolishly.  If you are not "present" and intentional about what you want your life to be, you are squandering life (existence) and losing the potential of the moment.  Right now, you can make decisions that will propel your life in a more positive direction.  You simply need to do it. These actions do not need to be massive.  They can be small and incremental, but need to be tied to some defined ou...

Mentoring Fundamental #1: Asking, "How Can I Help?"

 I have written about this topic in other posts.  As such, I will be brief here. Here is the lay of the land: If you are in our Community, you are in a recruiting / organization-building business. The real asset you build is people. These people are competent, and; committed to a common mission/vision regarding our business model. You nurture competence through building relationships that are based on support and mentorship.  You build commitment through others' having success and thus sticking with our business. Relationships involve communication, both formal (training) and informal (chatting). The most fundamental act of communication is reaching out to someone and asking "How can I help?" It is the responsibility of the enroller to structure the onboarding and continuing mentoring process.  This process has to be thoughtful and strategic.  In other words, there has to be a plan of when and what you will talk about as a business-building exercise. Then, the r...

Costs of Doing Business Compared to Other Professions

I am officially "retired" but work about 25 hours a week at a Prometric Testing Center as a Test Center Administrator.   PTC is a worldwide organization that administers nearly 500 different tests across many professional disciplines.   Some of these include the United States Medical Licensing Exam (USMLE) for physicians, NCARB is for Architects, ASE is Automotive Service Excellence.  Then we do the Graduate Record Exam (GRE)... all of the Praxis tests for teacher certifications.  We also do TOEFL (Test of English as a Foreign Language).  Massachusetts Insurance Licensing for Health, Life, P&C.  Certified Public Accountants need to take 4 tests...  FINRA licenses Stock Brokers (Securities Industry Essentials, Series 7... etc.)  And... many, many others. Each of these tests costs money.  For example, to become a fully-fledged Architect, one is required to take 6 exams each costing $235 each, for a total of $1,410.  A physici...

The Role of Instant Pay Offers

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This post pre-supposes that you are open to a portfolio approach to generating income with a range of diversified products and services.  This will not appeal to anyone with tunnel vision who thinks their product or opportunity is "their business". In contrast, "your business" is the group of competent, committed people who agree with and participate in the same business strategy you ascribe to.  As such, the businesses themselves can be anything.  Your business is a cohesive group of people who share the same values and principles in a community of support and interdependence that is built on relationships.  That being said... The natural market for what we do is the universe of people who are already familiar with Social Commerce.  Call it what you will... the global way to describe it is building organizations and sales teams through marketing and networking.  This includes the Multi-Level Marketing Industry, Affiliate Marketing, Network Marketing, Home ...

MLM Myopia and a Call for Wider Vision

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The Multi-Level Marketing (MLM) business model is difficult to make work.   The success rate attests to this.   Or, conversely, the failure rate in the 90%+ range attests to this. Regardless, many people intrepidly espouse their love of 1) the product or service, and/or; 2) their aspiration for time and financial freedom.   The inherent “rub” is simply a  repeat of the first sentence:   it is difficult to make work (and) many starve-out due to lack of success – which translates to lack of organizational growth... and in turn means no profitability or income. There is a way to fix this problem.   First, l et’s compare and contrast the MLM business model with Affiliate Marketing where there are immediate payout, "cash now" offers. As most know from the name of the industry, MLMs have many levels.   Typically, there is an up-front incentive bump like fast-start-bonuses for recruiting new enrollees, and then in the following month, percentages kick i...

Task Management is a Function of Time Management

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 Fancy title... for not-so-complicated an idea.  This deals with To-Do lists and your schedule.   To-do lists are tasks, e.g., stuff you need to get done that is written down somewhere.  Your schedule is the same.  It is a written accounting of how your time is and will be spent/invested.  Combining these is a "work plan":  when you plan on doing what . Making a commitment to this kind of structure is a BIG change for many (most?) people.  It requires engagement and focus.  First, you need to "spell out" the plan and then execute your plan.  It requires forethought.  It requires projecting into the future. It requires discipline.  Otherwise, you are operating by the seat-of-your-pants. Now, let me circle back to the title of this post.  Task Management is a Function of Time Management.  In other words, everything starts with your calendar (no matter how you keep it:  online, a calendar book, or weekly plann...

Who's Hurting? ...as a Marketing Strategy

Right now, in December of 2020, in Rhode Island where I live, we just entered a two-week shutdown due to Covid 19.  Our hospitals are full and just down the street, they have opened a facility to house more Covid patients, the first 7 were today - in a barracks-style warehouse.  These people are sick, however, there are many more people who are hurting due to job loss, financial strain, and even hunger. There is a world of hurt.  Restaurants are closing.  Servers and cooks have been laid off.  Just about every night on the news there is a new story with a restaurant owner talking about how they are struggling to keep their heads above water and make it through these dark times. We can help.  We can propose an alternative that may have not been considered.  This can be done locally.  It can be done nationally. A few weeks ago, Disney laid off thousands.  Can you go on LinkedIn and do a search for people who worked at Disney and are "looking fo...

Affinity Affiliate Marketing

When I was in college, my undergrad degree was in Human Communication.  Many people in this field go on to be Counselors.  A word I learned was 'homophily".  It means perceived similarity.  For instance, in general, tall, skinny people will be most likely to be attracted to tall skinny people.  People of similar socioeconomic backgrounds tend to be drawn to each other... people who play tennis...  have read the same books...  Any perceived similarities are predictors of attraction. So, what does this have to do with Affinity Affiliate Marketing?  The question is, "To whom are you homophilous?"  Aka, who do you have something in common with?  For example, I have had my Life and Health Insurance Licenses twice in my life. I can disclose this and "fully" empathize with people who are struggling to sell these insurance products.  In this industry, there are as many people "starving out" as coming into the industry with wide eyes and eag...

On Being a Digital Franchise Broker

To get to the definition of a Digital Franchise Broker (DFB) let's start with the word Broker.  Everyone understands what Stock Brokers do. They evaluate and recommend stocks and establish relationships with clients to manage a portfolio of "paper" assets based on the performance and value of corporations or commodities.   Stock Brokers need to be licensed and certified by the Securities Industry to transact business.  You may have heard of all the tests:  the Securities Industry Essentials (SIE), then on to Series 7, Series 66... there are many, many more credentials that people need to test (and pay) for - to become certified in different areas of expertise.  Ultimately, when credentialed and making money, a portion of their earnings are funneled up-the-organization (or) these profits are 'baked in" based on their commission structure. Insurance and Real Estate Brokers are much the same.  They too have tests and certifications to pay for - and need t...

Marketing to MLM's

First, allow me to clarify the segment of the industry we are in.  We are Affiliate Marketers. We deal predominantly with digital tools and/or eLearning products.  We affili(8) with affili(et) offers and earn a large percentage of a one time sale for a product or service.  This is how Amazon, Walmart, and Best Buy run their Affiliate programs although they are not as generous and lucrative as what we do.  In our case, this one time sale is integrated with a leverage component that enables organizational growth and earning money from a team that uses a powerline or subscription... or whatever structure the affiliate offer is paired with. Multi-level Marketing on the other hand, in most cases, is a physical-product-based offer and is almost completely dependent on large organizations given the multi-tiered structure(s) that provide a much smaller percentage throughout all of the different "layers/levels" of their compensation structure.   As an analogy, think...