Invest in Yourself
The best money hedge or inflation hedge is not gold, real estate or stocks.
It's investing in yourself.
One day an MLM leader called me and said,
"Hey, I got $5,000 to invest in our company's stock. Wouldn't that be a good investment? I can get a great return!"
My answer was,
"It's nice that you want to invest in a hot growth stock. I can't really predict if the stock price will go up or down. However, let's say it goes up. In fact, you pick buying the stock at the perfect time and your stock goes up 40% over the next 12 months. Wow! What a return. That means your $5,000 investment is now worth $7,000 with your 40% increase. Can't argue with that. That's a good return.
"However, what if you invested the same $5,000 in your business? Maybe you drove across the country and visited your top groups. While giving your meetings, your message touched just one person who joined. That person became a leader, built a group, and earned you $1,000 a month . . . for life!
"Or, maybe you invested in some training for your serious workers and leaders. You paid part or all of their costs to attend a Dale Carnegie Course, Toastmasters, or even a Power Marketing & Promotions Workshop. Or, maybe you just bought them a good book on recruiting. Because they now look upon you as a partner instead of just an upline distributor collecting checks, they work harder. And, they work harder with their new skills they learned in training. Your group doubles its volume and your bonus check doubles.
"Or, you run a series of display ads looking for people who are dissatisfied with their careers and willing to invest one or two years into learning how to build a networking business. Your ads attract three new leaders who are anxious to build their business. What would you rather have in your business?
* A $2,000 extra return on your $5,000 investment from a good pick from the stock market?
* Or, would you rather have three new leaders building their business?"
The choice is easy.
Invest in yourself and in your business because you can get a better return on your investment. There is nothing wrong with stocks, bonds, real estate . . . we're just looking for the best and safest return on our investment.
Or, as I like to say,
"Invest in yourself unless you'd feel it's a poor investment."
It's investing in yourself.
One day an MLM leader called me and said,
"Hey, I got $5,000 to invest in our company's stock. Wouldn't that be a good investment? I can get a great return!"
My answer was,
"It's nice that you want to invest in a hot growth stock. I can't really predict if the stock price will go up or down. However, let's say it goes up. In fact, you pick buying the stock at the perfect time and your stock goes up 40% over the next 12 months. Wow! What a return. That means your $5,000 investment is now worth $7,000 with your 40% increase. Can't argue with that. That's a good return.
"However, what if you invested the same $5,000 in your business? Maybe you drove across the country and visited your top groups. While giving your meetings, your message touched just one person who joined. That person became a leader, built a group, and earned you $1,000 a month . . . for life!
"Or, maybe you invested in some training for your serious workers and leaders. You paid part or all of their costs to attend a Dale Carnegie Course, Toastmasters, or even a Power Marketing & Promotions Workshop. Or, maybe you just bought them a good book on recruiting. Because they now look upon you as a partner instead of just an upline distributor collecting checks, they work harder. And, they work harder with their new skills they learned in training. Your group doubles its volume and your bonus check doubles.
"Or, you run a series of display ads looking for people who are dissatisfied with their careers and willing to invest one or two years into learning how to build a networking business. Your ads attract three new leaders who are anxious to build their business. What would you rather have in your business?
* A $2,000 extra return on your $5,000 investment from a good pick from the stock market?
* Or, would you rather have three new leaders building their business?"
The choice is easy.
Invest in yourself and in your business because you can get a better return on your investment. There is nothing wrong with stocks, bonds, real estate . . . we're just looking for the best and safest return on our investment.
Or, as I like to say,
"Invest in yourself unless you'd feel it's a poor investment."
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Comments (2)
Ernie Doc6
Just to add, this will also help to keep things running when you are absent or gone. I used this same principle back when I was leaving my sport team at school. I knew I would be leaving so I started to train new team leaders, let them understand how I saw things what I learned over the years and I gave them the freedom to be themselves and build on what I taught them. They caught on pretty well and I have the confidence that they will do well. This same principle can be applied to your programs
Donna Soffen6
Jerky Direct/Super6Power Team
hummmmm this really makes one stop and think about things in a different way!! I LOVE it!! And this is the way that I build my business too .... we really do need to invest in ourselves & our team!! It's the only way!! Thanks for sharing!!
Donna Soffen
http://GoGoJerky.com