Posts

A Means to an End

You can make money doing just about anything if someone is willing to pay you for it.  In a general way, this defines commerce. In the new world of Digital Commerce, there is something called an NFT (Non-Fungible Token).  It is a "unique unit of data" on a digital ledger, typically associated with something... artwork, music, sports trading cards, or even just ideas.  So, it is a digital representation of something - stored on the blockchain. So let me ask, where is the value here?  Something is unique.  OK.  Something is scarce.  All right.  Something that two parties agree that has value... How? I am not sure, but it is happening in real time, right in front of our eyes.  I am in no real position to judge, so I will not.  This all seems kind of "made up" to me, however my opinion of it is irrelevant.  If people agree to it - so be it.  It is a means to an end.   More power to them. Analagously, the "detractors" of our in...

No Time is Ever the Right TIme

This will be short.  It is about procrastination.  It is about being stuck in life. There is a song by Adele named Easy on Me .  The refrain of the song is, "I had no time to choose what I chose to do".  It is a lament about youth and being stuck in her ways.  Later in the song she talks about having good intentions and the highest hopes.  Nonetheless, it is a song of regret - of an older self reflecting on a younger self. From my perspective, her song speaks to the "plight of the commoner".  It is a life resigned to the way things are, even with the best-of-intentions.  It is "knowing" things can be different, but doing nothing about it, and this realization coming only from the wisdom of the passage of time. Many times people get swept along by the inertia of family, social, or cultural expectations and as Adele says, "I had no time to choose what I chose to do".  Eveything in life is reduced to an unconscious whirlwind, in the absence of a...

"A" Product is Critical - "The" Product is Not

For our purposes in what we do, first, let's define commerce.  It is the exchange of money for something of value.  This "something of value" can be broadly defined as a product or a service.   You pay a Lawyer for his knowledge.  You pay a carpenter for building you a shed.  You pay College tuition to attend a school.  OK.  I don't need to go on.  The point is money is paid in exchange for something of value. Ultimately, everyone chooses how to make a living.  If a grown man imports children's toys from Taiwan, there is no requirement for him to have an affinity for the toys.  He uses toys as a vehicle to make a profit and earn an income.  Year after year, there may be slight product variations, but ultimately the "toy business" is the toy business. We sell Tools and Education.  Just as in the toy business, these products remain relatively consistent from year to year.  There are innovations.  There are upgrades...

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...