20 September 2012

Dr Charles King.....Speaks on NM and QNET

Dr Charles King is the face of Network Marketing professionalisation. He holds a PHD from Harvard University and is currently a professor at the University of Illinois – Chicago. He has done extensive research on Network Marketing and has designed a curriculum for the very first ever Network Marketing course taught at University level; Dr King is the pioneer of Network Marketing as an academic discipline.

Attendees of the recently held V-Indonesia 2012 were lucky to have spent a moment with Dr King when he graced the stage as the event’s keynote speaker. He selflessly shared his rich knowledge on the Network Marketing industry and profession and also explained QNET’s present positioning on a global perspective.

Here are some useful, interesting and exciting facts from Dr King’s presentation:

Direct Selling is a US$ 153.7 billion industry worldwide (WFDSA-2011). 21 countries make over US$ 1 billion in sales annually, led by the United States with US$ 29.9 billion and 15.6 million sales people. A 2011 regional analysis revealed Asia Pacific taking the top spot with 36.7% sales and 51.6% sales people.

Home-based business is a US$ 427 billion industry; it’s the new middle class economic engine that creates an estimated 8,500 new jobs per day. From 2013-2023, it is predicted that over 50% of all households will operate a home-based business such as Network Marketing because it provides a how-to-do-it, step-by-step operating structure.

Developing countries are rising with a 10-15% annual growth, including new powers such as India, China and Brazil of which the last two are untapped markets for QNET!

53% of the Arab World — the 9th largest economy — is composed of individuals aged 25-years and younger. Known as the ‘Millenials’, this bracket of the population is made up of approximately 90 million individuals looking for work opportunities.

QNET has great potential for growth!

According to the four phases of growth, we are in the Concentration phase but standing at the threshold of the Momentum phase. The power of QNET lies in its core values of S.T.I.R (Service, Teamwork, Integrity, Results-Oriented), its mission of RYTHM (Raise Yourself to Help Mankind) and its wide range of innovative, exclusive and quality products that fulfill QNET’s corporate philosophy and market needs.

To put icing on the already delicious cake, Dr King ended his presentation by declaring “QNET is one of the finest Network Marketing companies I’ve ever worked with.”

The presentation slides can be seen below:
















 

















What is Network Marketing Or MLM?



A Look at the Network Marketing Business Model Vs the Franchise

The Network Marketing Business Model is widely known. It's a part of our lives.

This illustration shows just how far it's reached...

Most people could care less about a company's model.

In fact, if you asked a group of people what a business model is, most of them would probably scratch their head raw trying to come up with a definition.

But mention the term Network Marketing to that same group and, odds are, almost immediately they'll describe their understanding of it--regardless of whether or not their understanding is based on fact or fiction.

It is likely the most misunderstood, misrepresented and mismanaged business model around. But at its core, the Network Marketing model is an effective, legitimate and accessible form of distribution.

At its heart, it provides the ability to deliver a product to consumers. Without this ability, it's just a scam. It's that simple. The product serves as the foundation upon which all success is built. It's where the rubber meets the road. All retail business models are driven by products and services, and the Networking model is no different.

Consumers are attracted to products for a variety of reasons, need, quality, cost, availability and value to name just a few. The model stands apart from other distribution methods in its ability to bring value to the consumer. Most retail distribution centers provide their products or services by means of mass distribution. Hoards of people shop the big box outlets every day en masse with little or no regard to the lack of personal attention they are getting. The days of the corner community market are long gone in most parts of the world.
But the Networking model provides the same kinds of products or services that the big box outlets do. Often with products of higher quality that are delivered with a personal, corner community market touch of supplier consumer interaction. Personalized, quality service is typically a hallmark of a successful Network Marketing business.

Another unique characteristic of a Network Marketing business is the ability for nearly anyone to build the business. This characteristic is also the most misunderstood and historically abused concept. When people have misgivings about Network Marketing, it is rarely due to the products or services, but rather due to misconceptions about techniques, tactics and outcomes associated with the building of the business itself. This is common BECAUSE nearly anyone can be involved with it.

Common terms of the model are 'associates,' 'uplines',' crosslines', and 'downlines.'

Without exception, each new associate is introduced and sponsored into the business through what will become their 'upline.'

'Uplines' have responsibilities to their new 'downlines' regarding training and advice. They act as mentors, advisors and leaders to their 'downlines'. In return, uplines receive compensation in some proportion to the volume of product that their 'downlines' sell, and it is in this structure that legitimate Network Marketing business opportunities differ from scams and 'come-ons' called 'pyramid' schemes.

Legitimate Network Marketing businesses allow 'uplines' to make revenue from their 'downlines' volume of sales, not by the mere fact of recruiting new 'downlines.'

In fact, if the income cornerstone of any Network Marketing business is recruiting rather than product sales, then it's not legitimate and could be a 'pyramid' scheme.

Network Marketing is a business where distributors participate in the direct selling of a product to consumers. The model also includes methods to increase a participant's income by building their business. Building includes recruiting downlines who also sell the Network Marketing product.

The Network Marketing business model is known throughout the world and employs millions of people with each of them having different and varying degrees of financial success.


(I acknowledge the effort of the original author of this article, unknown to me).

16 September 2012

Dr Charles King's Views on NM

video

08 September 2012

21 Ways...That Rich People Think Differently......

Came across this article at Yahoo today........it's not far from the truth. An awakening call.......

*****

World's richest woman Gina Rinehart is enduring a media firestorm over an article in which she takes the "jealous" middle class to task for "drinking, or smoking and socializing" rather than working to earn their own fortune. What if she has a point?

Steve Siebold, author of ‘How Rich People Think’, spent nearly three decades interviewing millionaires around the world to find out what separates them from everyone else. It had little to do with money itself, he told Business Insider. It was about their mentality. "[The middle class] tells people to be happy with what they have," he said. "And on the whole, most people are steeped in fear when it comes to money."

1. Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all evil.

"The average person has been brainwashed to believe rich people are lucky or dishonest," Siebold writes. That's why there's a certain shame that comes along with "getting rich" in lower-income communities.

"The world class knows that while having money doesn't guarantee happiness, it does make your life easier and more enjoyable."

2. Average people think selfishness is a vice. Rich people think selfishness is a virtue.

"The rich go out there and try to make themselves happy. They don't try to pretend to save the world," Siebold told Business Insider.

The problem is that middle class people see that as a negative––and it's keeping them poor, he writes. "If you're not taking care of you, you're not in a position to help anyone else. You can't give what you don't have."

3. Average people have a lottery mentality. Rich people have an action mentality.

"While the masses are waiting to pick the right numbers and praying for prosperity, the great ones are solving problems," Siebold writes.

"The hero [middle class people] are waiting for may be God, government, their boss or their spouse. It's the average person's level of thinking that breeds this approach to life and living while the clock keeps ticking away."

4. Average people think the road to riches is paved with formal education. Rich people believe in acquiring specific knowledge.

"Many world-class performers have little formal education, and have amassed their wealth through the acquisition and subsequent sale of specific knowledge," he writes. "Meanwhile, the masses are convinced that master's degrees and doctorates are the way to wealth, mostly because they are trapped in the linear line of thought that holds them back from higher levels of consciousness...The wealthy aren't interested in the means, only the end."

5. Average people long for the good old days. Rich people dream of the future.

"Self-made millionaires get rich because they're willing to bet on themselves and project their dreams, goals and ideas into an unknown future," Siebold writes.

"People who believe their best days are behind them rarely get rich, and often struggle with unhappiness and depression."

6. Average people see money through the eyes of emotion. Rich people think about money logically.

"An ordinarily smart, well-educated and otherwise successful person can be instantly transformed into a fear-based, scarcity driven thinker whose greatest financial aspiration is to retire comfortably," he writes.

"The world class sees money for what it is and what it's not, through the eyes of logic. The great ones know money is a critical tool that presents options and opportunities."

7. Average people earn money doing things they don't love. Rich people follow their passion.

"To the average person, it looks like the rich are working all the time," Siebold says. "But one of the smartest strategies of the world class is doing what they love and finding a way to get paid for it."

On the other hand, middle class take jobs they don't enjoy "because they need the money and they've been trained in school and conditioned by society to live in a linear thinking world that equates earning money with physical or mental effort."

8. Average people set low expectations so they're never disappointed. Rich people are up for the challenge.

"Psychologists and other mental health experts often advise people to set low expectations for their life to ensure they are not disappointed," Siebold writes.

"No one would ever strike it rich and live their dreams without huge expectations."

9. Average people believe you have to DO something to get rich. Rich people believe you have to BE something to get rich.

"That's why people like Donald Trump go from millionaire to nine billion dollars in debt and come back richer than ever," he writes.

"While the masses are fixated on the doing and the immediate results of their actions, the great ones are learning and growing from every experience, whether it's a success or a failure, knowing their true reward is becoming a human success machine that eventually produces outstanding results."

10. Average people believe you need money to make money. Rich people use other people's money.

Linear thought might tell people to make money in order to earn more, but Siebold says the rich aren't afraid to fund their future from other people's pockets.

"Rich people know not being solvent enough to personally afford something is not relevant. The real question is, 'Is this worth buying, investing in, or pursuing?'" he writes.

11. Average people believe the markets are driven by logic and strategy. Rich people know they're driven by emotion and greed.

Investing successfully in the stock market isn't just about a fancy math formula. "The rich know that the primary emotions that drive financial markets are fear and greed, and they factor this into all trades and trends they observe," Siebold writes.

"This knowledge of human nature and its overlapping impact on trading give them strategic advantage in building greater wealth through leverage."

12. Average people live beyond their means. Rich people live below theirs.

"Here's how to live below your means and tap into the secret wealthy people have used for centuries: Get rich so you can afford to," he writes.

"The rich live below their means, not because they're so savvy, but because they make so much money that they can afford to live like royalty while still having a king's ransom socked away for the future."

13. Average people teach their children how to survive. Rich people teach their kids to get rich.

Rich parents teach their kids from an early age about the world of "haves" and "have-nots," Siebold says. Even he admits many people have argued that he's supporting the idea of elitism. He disagrees.

"[People] say parents are teaching their kids to look down on the masses because they're poor. This isn't true," he writes. "What they're teaching their kids is to see the world through the eyes of objective reality––the way society really is." If children understand wealth early on, they'll be more likely to strive for it later in life.

14. Average people let money stress them out. Rich people find peace of mind in wealth.

The reason wealthy people earn more wealth is that they're not afraid to admit that money can solve most problems, Siebold says.

"[The middle class] sees money as a never-ending necessary evil that must be endured as part of life. The world class sees money as the great liberator, and with enough of it, they are able to purchase financial peace of mind."

15. Average people would rather be entertained than educated. Rich people would rather be educated than entertained.

While the rich don't put much stock in furthering wealth through formal education, they appreciate the power of learning long after college is over, Siebold says.

"Walk into a wealthy person's home and one of the first things you'll see is an extensive library of books they've used to educate themselves on how to become more successful," he writes. "The middle class reads novels, tabloids and entertainment magazines."

16. Average people think rich people are snobs. Rich people just want to surround themselves with like-minded people.

The negative money mentality poisoning the middle class is what keeps the rich hanging out with the rich, he says. "[Rich people] can't afford the messages of doom and gloom," he writes. "This is often misinterpreted by the masses as snobbery.

Labeling the world class as snobs is another way the middle class finds to feel better about themselves and their chosen path of mediocrity."

17. Average people focus on saving. Rich people focus on earning.

Siebold theorizes that the wealthy focus on what they'll gain by taking risks, rather than how to save what they have. "The masses are so focused on clipping coupons and living frugally they miss major opportunities," he writes.

"Even in the midst of a cash flow crisis, the rich reject the nickle and dime thinking of the masses. They are the masters of focusing their mental energy where it belongs: on the big money."

18. Average people play it safe with money. Rich people know when to take risks.

"Leverage is the watchword of the rich," Siebold writes. "Every investor loses money on occasion, but the world class knows no matter what happens, they will always be able to earn more."

19. Average people love to be comfortable. Rich people find comfort in uncertainty.

For the most part, it takes guts to take the risks necessary to make it as a millionaire––a challenge most middle class thinkers aren't comfortable living with.

"Physical, psychological, and emotional comfort is the primary goal of the middle class mindset," Siebold writes. World class thinkers learn early on that becoming a millionaire isn't easy and the need for comfort can be devastating. They learn to be comfortable while operating in a state of ongoing uncertainty."

20. Average people never make the connection between money and health. Rich people know money can save your life.

While the middle class squabbles over the virtues of Obama care and their company's health plan, the super wealthy are enrolled in a super elite "boutique medical care" association, Siebold says.

"They pay a substantial yearly membership fee that guarantees them 24-hour access to a private physician who only serves a small group of members," he writes. "Some wealthy neighborhoods have implemented this strategy and even require the physician to live in the neighborhood."

21. Average people believe they must choose between a great family and being rich. Rich people know you can have it all.

The idea the wealth must come at the expense of family time is nothing but a "cop-out", Siebold says.

"The masses have been brainwashed to believe it's an either/or equation," he writes. "The rich know you can have anything you want if you approach the challenge with a mindset rooted in love and abundance."