Most of us have had to struggle to make ends meet at some point in our lives. Whether we are paying off student loans, funding a child’s education, helping elderly parents with their medical bills, or for any other reason, sometimes the budget just doesn’t work. Trite as it may sound, the true secret to increasing our net worth is to spend less than we make. It is a piece of common sense that often needs to be learned the hard way; however, it is the basic non-negotiable reality of money.
When we make so little money that there is no reasonable way not to go into debt, it can lead to a reliance on credit cards, which gives a temporary sense of financial well being. This situation actually take its toll when reality sets in. Unless by some fluke we win the lottery, amassing wealth and becoming financially independent is a slow process and does not happen overnight.
The only way we can have more money left over at the end of the month is to either increase revenue (via paycheck, business sales, billable hours, or whatever it is that provides funds to cover the bills) or decrease costs. That means we have to do small things every day such as cut our expenses, generate extra income, and put the money into brokerage and tax-deferred retirement accounts. With time, those accounts begin to grow and amount to something substantial. As each new opportunity appears, we then have the leeway to contribute on a larger scale than with previous investments. When the interest, dividends, and capital gains earned begin to generate their own interest, dividends, and capital gains in a repetitive cycle, money truly begins to grow.
Does this cycle of income growth sound familiar? It should, because it is the foundation of network marketing.
Extraordinary Earning Opportunity
In network marketing, generating a large income is not dependent only on individual earnings. When we find other people to join our organization, their success becomes our success. The more people we prospect, share with, recruit, enroll, sponsor and ultimately mentor, the more money we earn.
The beauty of network marketing is that it is truly a performance-based system. That is, we are rewarded directly in proportion to our efforts. The harder we work and the more people we talk to, the higher our returns. It’s a matter of probability: the more people who know about us, the more chances we have of convincing them to join. When each person who joins us starts to make money, we make more money—the network marketing system rewards us continuously for having enrolled them successfully. There is no corporation that works this way. For example, when a corporation hires a new salaried worker, that has no direct bearing on how much money anyone else makes. When someone gets a raise, that doesn’t mean we do.
At LifePharm Global Network specifically, there are multiple ways to make money, but the one method that guarantees increased earnings is to sponsor new people. To encourage this good habit, LPGN allows you to make money every single time you enroll someone new. For example, for each new personally enrolled Independent Business Owner (IBO), you receive 15 percent of the commissionable volume (CV) of their first order. This is called the "Fast Start Bonus." That’s a one-time bonus on each newly sponsored IBO, but that’s just the beginning of sustainable earnings.
The "Break Even Bonus" is paid to you on all orders made by IBOs you personally enroll—forever. It’s not a one-time bonus. This means each box of Laminine or Laminine OMEGA+++ purchased by a personally enrolled IBO earns you about $4. LPGN sets a monthly cap on this bonus at $450. This means you can earn on approximately 112 boxes of product purchased by personally sponsored IBOs per month. And that’s just one of many different bonuses. If you have retail customers purchasing LPGN products, they pay $43 per box, which translates to $10 for you, since your wholesale price is $33. Clearly, to earn from the best of both worlds, you need to enroll IBOs as well as sell to retail customers.
All LPGN income streams depend on the same basic concept: find new people and enroll them or sell retail product to them. If you do nothing else but continue enrolling new people, your success is inevitable. Success may come quickly or slowly, but keep sponsoring people personally, and your income will grow.
Click here for the animated LPGN Compensation Plan