The Power of One in relation to our business model is like the magic of compound interest is to money and investing. It's that powerful. I'll hit the highlights in this post, a complete video explanation and power point will be available on our training site and we'll have it as part of our presentation as well. So for all of you wondering what the Power of One is, get ready to get excited!
Eight years ago I was studying how our group was growing and looking for ways to make it simpler to explain how exponential growth would take place over time. It is a lot like compound interest in that it takes some time to build up. So I thought, what would happen if everyone just sponsored 1 new person each month and we did it for a year, or two. Let's take a look at what we found...
In month 6 you would only have 32 members on your team. That doesn't sound too impressive, but as we look out to 12 months things change dramatically. Exponential growth has taken hold and after month 12 your team now consists of 4,096 members! We then applied these numbers to the YTB compensation plan and what we came up with was stunning. I've applied the Power of One to many different companies' plans and by far, this is the best result to date.
In month 11 you will achieve Level 1 Director and your 12 month income, including all bonuses would be $161,825. Not bad huh?
So, who wants to earn $161,825 in 12 months working part time 7 - 10 hours a week?
MG
Wednesday, September 24, 2008
Monday, September 22, 2008
Black Belt RTA's
I'm happy to announce we will be launching Black Belt RTA's in the next week. I've been hunkered down working on the Black Belt RTA System. What is Black Belt RTA's? It is a system of building your business at light speed the right way, in a way that will duplicate itself and give you exactly what you want out of the business like clockwork. It is built on the premise of a franchise model system where nothing is left to chance, everything is accounted for, all you have to do is plug yourself in and follow the system.
Think of it in terms of a McDonald's franchise, possible the world's most recognized brand, McDonalds will leave a 19 year old in charge of a 10 or 20 million dollar a year operation when their parents won't let them take the Volvo out alone on the weekend. Why? Because they have a system. They fry the fries a certain way, the put the mustard on in a circle not criss cross, they add 3 pickles, not 2 or 4, all the cups have the same amount of ice, etc, etc... That is what we set out to create or I should say modify for YTB.
I came up with a concept called the Power of One 8 years ago and it revolutionized the way we and our team approached the business. It led to our group exploding to over 8,000 people worldwide, but it was really missing one element.... A system to guarantee the "1" (you'll understand "1" later). Now we have it. It's a plan of carving out 7-10 hours a week and it is a 2-4 year plan to complete financial independence. I'll discuss the specifics of the Power of One in another post - you are gonna love it....
MG
Think of it in terms of a McDonald's franchise, possible the world's most recognized brand, McDonalds will leave a 19 year old in charge of a 10 or 20 million dollar a year operation when their parents won't let them take the Volvo out alone on the weekend. Why? Because they have a system. They fry the fries a certain way, the put the mustard on in a circle not criss cross, they add 3 pickles, not 2 or 4, all the cups have the same amount of ice, etc, etc... That is what we set out to create or I should say modify for YTB.
I came up with a concept called the Power of One 8 years ago and it revolutionized the way we and our team approached the business. It led to our group exploding to over 8,000 people worldwide, but it was really missing one element.... A system to guarantee the "1" (you'll understand "1" later). Now we have it. It's a plan of carving out 7-10 hours a week and it is a 2-4 year plan to complete financial independence. I'll discuss the specifics of the Power of One in another post - you are gonna love it....
MG
Monday, August 18, 2008
The cost of waiting...
As one last follow up to the last post in the "Why YTB" thread of posts, I ask the question of you - "Where will you be in 3 years from now? What about 4? Or 5?
In my last post on "Why YTB" I ranted a little on why wouldn't someone choose a company with all the benefits of YTB over others who simply just don't stack up. I explained all the benefits afforded to YTB Directors - that if you are going to spend years working hard building your business, why not build one with all the benefits that YTB has in place - things no other network marketing company or home businesss has?
So after you read all the great benefits of starting a business with YTB through the posts below... I want you to ask yourself this one final question.
"If you don't get started with YTB, where will you be 3 years from now?"
Think about that - where will you be? Most likely in 3 years you will be in the same position you are now. Granted you may have gotten a cost of living raise, maybe a promotion, etc, etc, but generally speaking you are going to be right where you are today in the overall picture of things.
You may be thinking, "why do I use 3 years?". I use that number because as reported in the YTB Income Disclosure statement the average time it took an RTA to become Director was 30 months - 6 months less than 3 years (so I rounded UP).
What if it takes you 3 years, 4 years or 5 years to become a Director - so what! Look where you'll be then. Six figure income, guaranteed issue full health benefits, guaranteed residual income and a lifestyle most people don't believe is possible.
Or you can be right where you are today... You have all the evidence, all the facts are right here -
It's your choice now.
In my last post on "Why YTB" I ranted a little on why wouldn't someone choose a company with all the benefits of YTB over others who simply just don't stack up. I explained all the benefits afforded to YTB Directors - that if you are going to spend years working hard building your business, why not build one with all the benefits that YTB has in place - things no other network marketing company or home businesss has?
So after you read all the great benefits of starting a business with YTB through the posts below... I want you to ask yourself this one final question.
"If you don't get started with YTB, where will you be 3 years from now?"
Think about that - where will you be? Most likely in 3 years you will be in the same position you are now. Granted you may have gotten a cost of living raise, maybe a promotion, etc, etc, but generally speaking you are going to be right where you are today in the overall picture of things.
You may be thinking, "why do I use 3 years?". I use that number because as reported in the YTB Income Disclosure statement the average time it took an RTA to become Director was 30 months - 6 months less than 3 years (so I rounded UP).
What if it takes you 3 years, 4 years or 5 years to become a Director - so what! Look where you'll be then. Six figure income, guaranteed issue full health benefits, guaranteed residual income and a lifestyle most people don't believe is possible.
Or you can be right where you are today... You have all the evidence, all the facts are right here -
It's your choice now.
Saturday, August 16, 2008
Building Your Business through the Warm Market
This post comes from a somewhat heated debate I had on a forum with a group of other people involved in a home business. The debate is about "what is the best and most profitable way to build your business? Online through cold market or warm market techniques and strategies." Enjoy...
How long does it take to teach someone to be successful online? Are you willing to wait for each of your team members to learn this skill before they can go and approach their most powerful market, the warm market?
From my experience, the fastest way to build your business is by leading with the warm market approach and then branching out to other forms of marketing.
From what I've seen, over the last 3 years the FASTEST growing teams are those who use the "warm market" approach first and then branch out, move to the local market, funded proposals, internet prospecting, buy leads, etc.
I see many of these big players killing it right now, in today's market place, leading with the warm market! Just this past weekend a friend of mine met several, $250,000, $500,000 and million dollar annual earners who build their team in the last 3 years, using only the warm market... and many of them had NO previous network marketing experience.
"The next person you sponsor, aren't they somebody's mother, sister, brother, friend, neighbor, coworker?" And hence they are in somebody's warm market.
Again, show me a team / company that is doing $50 million to a $1 Billion in sales over the last 3 years that is IGNORING the warm market approach.
The most immediately duplicable system is the "warm market."
* Buying leads means your team is dependent on a lead generation source.
* Using massive advertising means your team is dependent on that advertising source.
* Teaching your team to attract qualified leads (which is a great step, just not the first step IMO), takes time, sometimes a long time.
I could go on with this list.
It's not only if IT WORKS. Almost everything works if you learn the skill of how to to do it.
It's not only if IT DUPLICATES. Again, with the right skill set, resources, etc you can get many things to duplicate, at least duplicate temporarily.
But also, WILL IT LAST. That's the key final question. Leading with the warm market not only WORK, and DUPLICATES, but it builds teams that LAST the test of time.
If you are not building your business to LAST, to stand the test of time, then really you might be better off just getting into a sales job, etc. One of the biggest benefits of network marketing is you can:
BUILD IT ONCE.
BUILD IT BIG
=> BUILD IT TO LAST A LIFETIME OF INCOME.
Whatever I'm doing within my network marketing business, I always ask if it will answer ALL THREE questions:
* WILL IT WORK
* WILL IT DUPLICATE
* WILL IT LAST (stand the test of time)
And then I ask, does it fit the formula for long-term success in network marketing, which is in your ability to:
"Get a large group of people to do a few simple things over a consistent period of time."
The warm market approach is a resounding yes to all those questions. And I think that's why you see the fastest growing and longest lasting companies and teams stick to the warm market approach.
How long does it take to teach someone to be successful online? Are you willing to wait for each of your team members to learn this skill before they can go and approach their most powerful market, the warm market?
From my experience, the fastest way to build your business is by leading with the warm market approach and then branching out to other forms of marketing.
From what I've seen, over the last 3 years the FASTEST growing teams are those who use the "warm market" approach first and then branch out, move to the local market, funded proposals, internet prospecting, buy leads, etc.
I see many of these big players killing it right now, in today's market place, leading with the warm market! Just this past weekend a friend of mine met several, $250,000, $500,000 and million dollar annual earners who build their team in the last 3 years, using only the warm market... and many of them had NO previous network marketing experience.
"The next person you sponsor, aren't they somebody's mother, sister, brother, friend, neighbor, coworker?" And hence they are in somebody's warm market.
Again, show me a team / company that is doing $50 million to a $1 Billion in sales over the last 3 years that is IGNORING the warm market approach.
The most immediately duplicable system is the "warm market."
* Buying leads means your team is dependent on a lead generation source.
* Using massive advertising means your team is dependent on that advertising source.
* Teaching your team to attract qualified leads (which is a great step, just not the first step IMO), takes time, sometimes a long time.
I could go on with this list.
It's not only if IT WORKS. Almost everything works if you learn the skill of how to to do it.
It's not only if IT DUPLICATES. Again, with the right skill set, resources, etc you can get many things to duplicate, at least duplicate temporarily.
But also, WILL IT LAST. That's the key final question. Leading with the warm market not only WORK, and DUPLICATES, but it builds teams that LAST the test of time.
If you are not building your business to LAST, to stand the test of time, then really you might be better off just getting into a sales job, etc. One of the biggest benefits of network marketing is you can:
BUILD IT ONCE.
BUILD IT BIG
=> BUILD IT TO LAST A LIFETIME OF INCOME.
Whatever I'm doing within my network marketing business, I always ask if it will answer ALL THREE questions:
* WILL IT WORK
* WILL IT DUPLICATE
* WILL IT LAST (stand the test of time)
And then I ask, does it fit the formula for long-term success in network marketing, which is in your ability to:
"Get a large group of people to do a few simple things over a consistent period of time."
The warm market approach is a resounding yes to all those questions. And I think that's why you see the fastest growing and longest lasting companies and teams stick to the warm market approach.
Wednesday, August 13, 2008
Piling on...
I'm like "Coach" (our founder) - I love a good challenge and right now YTB is under attack by the "industry" of travel agents. Basically because we are kicking their you know what... The question seems to be that we are not really a travel company, that we don't sell travel.
Well last year YTB agents booked over $440 million in travel and so far this year (mid August) we are over $800 million booked so far. No travel booked? Hello???!
Well last year YTB agents booked over $440 million in travel and so far this year (mid August) we are over $800 million booked so far. No travel booked? Hello???!
Tuesday, August 12, 2008
Why wouldn't you?
I had an interesting conversation with a colleague from my network marketing past and he was asking me why I chose YTB. I directed him here and he read all the posts and agreed they were impressive, but still asked... "Why don't you join a new start up and ride a big wave and then cash out and find another...?" Definitely an intriguing question and my response was immediate and I think the theme of all the other reasons I chose YTB. I wanted to share it with you...
I told him that I believe 100%, that if you do it right, you can build anything. I firmly believe that my good friend Mark Yarnell or Bill and Ro Charlton could start today in Amway or Herbalife and build a million dollar business in 12 months or less. I also believe my newest recruit and team member can do the same provided that they work hard and do it the right way.
So, my response turned into a question for him, or you, or anyone looking at joining my business. "If you are going to build something, why not build something that will be there - that you can pass on to another generation??!!
What if it took you 2 or even 3 years to reach a very attainable Director's Program that has a minimum $24,000 a year bonus on top of your average $100k income, a guaranteed residual income, guaranteed issue fully paid Health Benefits, Life Insurance paid for and huge bonuses??
I just don't get it -- maybe I've seen the fly by night deals come and go and they have to learn too, I just know I'll be right here when they see the light ;-)
MG
I told him that I believe 100%, that if you do it right, you can build anything. I firmly believe that my good friend Mark Yarnell or Bill and Ro Charlton could start today in Amway or Herbalife and build a million dollar business in 12 months or less. I also believe my newest recruit and team member can do the same provided that they work hard and do it the right way.
So, my response turned into a question for him, or you, or anyone looking at joining my business. "If you are going to build something, why not build something that will be there - that you can pass on to another generation??!!
What if it took you 2 or even 3 years to reach a very attainable Director's Program that has a minimum $24,000 a year bonus on top of your average $100k income, a guaranteed residual income, guaranteed issue fully paid Health Benefits, Life Insurance paid for and huge bonuses??
I just don't get it -- maybe I've seen the fly by night deals come and go and they have to learn too, I just know I'll be right here when they see the light ;-)
MG
Sunday, August 10, 2008
Convention Updates
I just got updates on all the new things announced at convention this weekend direct from Bill and Ro. We got together at their house with some other RTA's passing through and had some great food and fellowship. We watched a slideshow of pictures from convention and got some updates. Here's is a brief rundown...
A new bonus was announced - it works like this - if you qualify for Coach's Corner, you will earn 5 $1,000 bonuses on the way and if you do that, YTB will give you a 50% match of that $5000 on December 11th. That's a $2,500 bonus on top of your $5,000 and the regular pay. That would be a minimum of $9,000 - not bad!
Another new tool we found out about was a new "Women of YTB" book. It's a nice hard cover book featuring many of the women directors in YTB - including our very own Ro Charlton. It comes with a DVD that has stories in the form of "letters" to other women looking at YTB as a business.
These are just 2 of the announcements made at convention, but 2 of the most significant new tools. More to come...
A new bonus was announced - it works like this - if you qualify for Coach's Corner, you will earn 5 $1,000 bonuses on the way and if you do that, YTB will give you a 50% match of that $5000 on December 11th. That's a $2,500 bonus on top of your $5,000 and the regular pay. That would be a minimum of $9,000 - not bad!
Another new tool we found out about was a new "Women of YTB" book. It's a nice hard cover book featuring many of the women directors in YTB - including our very own Ro Charlton. It comes with a DVD that has stories in the form of "letters" to other women looking at YTB as a business.
These are just 2 of the announcements made at convention, but 2 of the most significant new tools. More to come...
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