Can You Get Rich In Network Marketing?

Today’s training focuses on how to earn money in network money and answers the questions if you can get rich in network marketing. We want you to learn how to make money in network marketing and achieve your goals.

00:00 Introduction
01:03 Can You Get Rich in Network Marketing?
01:55 Have The Right Mindset
04:18 Gaining Leverage
05:22 Invest in Your Network
08:35 Make Your Money Work For You

Introduction

Hey, everyone. In this video, we’re going to find out if you can get rich in network marketing. Hey, hey, everyone. Welcome to this video and the Cunningham Collective. If you haven’t been over to that blog, make sure you check it out. There’s a lot of content there that I think will add value to you, your life, and your business, the Cunningham collective.com. And make sure you’re subscribed to this YouTube channel. More importantly, you’re probably already subscribed, share this information with other people. Many people want to have an impact on other people’s lives and one way you can do so is by sharing information that you find valuable. So, let’s jump into this information today. It’s a topic that I could talk about for a long time, but we’re going to keep this really short for today.

Can You Get Rich in Network Marketing

Can network marketing make you rich? And the answer is yes, of course, you can, and also, no, like any other profession. Well, let me explain. Many people believe that you are rich by how much money you make, but that’s not the case. I can promise you, there are a lot of professional athletes that made a lot of money that are not rich, and it’s usually because they don’t do the right things with their money. And so, just earning money does not make you rich, even if it’s a lot. You have to have the right mindset. So, you can be a doctor and not rich. You can be a lawyer and not rich. You can have high income and not be rich. So, it’s more about what you do with that money that can make you rich.

Have The Right Mindset

And what I love about network marketing is you’re able to earn an income while earning other streams of income. So, most people start in network marketing while they have a normal job or they own a business that’s not getting them rich, and they are able to do network marketing and the income they gain from network marketing, they can then use towards what I would say is leveraged income. So, the second thing to know when thinking about network marketing and how much money you can make is it requires the right mindset, going with what we were just talking about. Well, let me just put it this way. As soon as people, me, you start treating $10 the way we would a million, the sooner you’ll have the million. You see, many times 10 bucks, we don’t think very much about. That’s barely even a lunch, in some cases, it’s not enough money for lunch anymore.

But we’ll spend that so easily on just things that add really no value to our bottom line net worth, and it’s why most people never get rich. And I keep throwing those quotations up, rich, because it’s all relevant to where you live, what state you live in, and what you consider to be rich. So, in the United States, probably if you’re making over 80, over a 100,000, you would be considered in one of the upper income classes. Definitely, if you’re pushing up towards 200,000, most people would say you’re rich. And so, the mindset around the income is way more important than the income itself. And so, if you don’t get anything out of this quick video, it’s that in order for you to have a million dollars, in order for you to be rich, you need to have the same respect for $10 or $1 that you would for the million. If you had a million dollars, you would probably protect it and ask a lot of questions of what to do with it, but you don’t do that with 10 bucks and you should.

Gaining Leverage

The third reason why network marketing can make you rich is the leverage it gives you. One of the beauties of network marketing is the income is uncapped. You get to, as you bring in business partners, unlock their network. You see, for my wife and I to have success, we had to take some information that we gained, that we thought was valuable, and start to give that information to our network. And in doing so, we found some people who wanted to share that same information. The beauty is their network for the most part was different than our network. We didn’t know who they knew. So, by helping other people unlock their network, we then get more leverage. The one thing people, when they ask me what do I do for a living, many times I’ll say I help people unlock their network. I think your network is probably one of, if not the biggest asset you never take advantage of.

Invest in Your Network

People, when they think of assets, they think of their home or their investment accounts. I think the biggest investment you have or asset you have is your network, because I know someone in your network can make you rich. You just need to have the right conversation with that person, and it will help you unlock your network. So, I love the fact that it’s unlimited income, not, can you get rich, it’s unlimited income. It’s not age restricted, it’s not male, female restricted, it’s not nationality restricted. And so, literally, when you talk to investors, think of the Shark Tank, they’re always talking about scale and how they can scale things. Network marketing allows you to scale like nothing I’ve ever seen. You see, if I owned a restaurant and my business doubled overnight, that’s a problem. Do I have parking for double? Do I have cooks for double? Do I have a wait staff for double? You get the point.

If my network marketing business doubles overnight, there’s no problem because of the way you can scale by teaching other people to do what you do, very simple things, not complicated. We can scale, we can double our organization’s size on a monthly basis. And absolutely no one suffers, we only gain. So, being able to scale or leverage like no other business I’ve ever seen in my life will definitely help you get ahead financially. The fourth reason and final reason why I know network marketing can make you rich is it gives you the extra money you need to be able to take advantage of opportunities in the future. The reason why most people miss opportunities is they just don’t have the money to get involved. And so, by earning commissions in network marketing gives you the ability to put that money aside so that you are ready when the next opportunity presents itself.

Most people end up spending the majority of their money on bills or toys or other things, and there’s not enough money left over to invest. And so, by earning commissions in network marketing, it gives you the ability to compress time. That’s what it did for my wife and I. You see, we ran six corporations and alongside those six corporations, we were working part-time on our network marketing business. And we finally reached a point, 17 months in, where our network marketing business was making as much money as all of our traditional businesses. So, we had the income from the traditional business and we had the income from our network marketing business, basically double the income. And so, that money, we were not just spending it on toys, we were investing and we’ve continued to do that, and it’s why we are in the position we are in today financially. It’s one of the reasons why I love network marketing is that you can build an income alongside your other job or businesses that you’re running, and it gives you the ability to have your access to extra money. If you want to know how to make money from network marketing, grow your network.

Make Your Money Work For You

And then, hopefully, you’re putting that money to work, not spending. Sending the dollar out and making sure that dollar comes back with some friends, some other dollars, putting money to work for you. Because truly, that’s one of the things we do here at the Cunningham Collective is that we want to help you figure out a way to put money to work for you instead of the other way around. I hope you guys enjoyed this. Share this content out. Is network marketing marketing perfect? Nope, neither is my grammar. But here’s the deal guys, with the right mindset network marketing can absolutely provide you the financial freedom you’ve been looking for. So, I hope you guys enjoyed this information. Subscribe, come see us in our private Facebook group, The Collective. If you don’t know what that’s about, look us up on Facebook, and we will see you soon. Thanks, guys. Bye-bye