Archive for May, 2015

Cats and compound interest

I’ve just been offered free broadband for life. Currently I’m paying £7.99 a month for it. So that means it’s worth about £96 a year – not bad.

But then I started thinking about the cats. Soon after we moved into our house in 1999 – and long before I started my Network Marketing business, we acquired a pair of cats called Treacle and Custard. Being responsible pet-owners, we thought we ought to get them insured – but this was going to cost £7.50 a month…each!.

So instead of insuring them we decided to put the £15 a month into the Ipswich Building Society – after all it was unlikely the cats were going to need expensive veterinary attention when they were young – and after a few years, if they did, then there would be enough to pay for it.

Well, after a few years Custard disappeared – possibly in disgust at Treacle producing kittens. We kept one of them and called him Porridge. Then a couple of years ago Porridge disappeared too – and last year Treacle followed him – she was 14 after all. But isn’t it odd how cats don’t die, they just disappear…

Meanwhile, for 14 years, that monthly payment of £15 had been clocking up in the Ipswich Building Society. I really didn’t pay much attention to it. In fact I forgot all about it – until I came home from a weekend away and found that Thumper the giant lop-eared rabbit had been unwell and my daughter had persuaded my wife to take him to the vet… on a Sunday… which meant the emergency vet.

Thumper died anyway and we buried him with a certain amount of ceremony at the bottom of the garden (it was nice to have something to bury, after all – at least rabbits give you that…)

However, he did leave us with a vet’s bill for £250 and Tamsin insisted it should come out of the Cat’s fund.

I went along to the Ipswich Building Society (for what was only the second time) and presented my pass-book. The Cashier looked at it. I don’t think she had ever seen a pass-book before. Now they give you a card. Anyway, before she could tell me how much was in the account, she had to update the pass-book – and then issue another and update that… and another… and another.

Eventually, with a queue of savers stretching behind me almost to the door, she was able to announce the accumulated total at the end of 14 years’ compound interest. The figure was £3,400.

Now, it must be said that saving the £7.99 a month I would otherwise spend on broadband will only reach about half that figure. But it does make you think…

What’s it all about?

This is the diary of a successful Multi-Level Marketer making money from home and fitting a part-time business into a busy life.
Over the years it has developed but the objective remains the same: To demonstrate how anyone can build a successful network marketing business in "the nooks and crannies of the day".
Eventually this spawned a training programme which I called The Cold Market Academy. This began as a seminar available only to MLM-ers working with my company. Then it went online as an e-learning course.
Now it is a book available through Amazon: MLM, Network Marketing and the Secret of the Free Prize Draw (you can see more about this on the "MLM Prize Draw" tab above.)
But at the heart of the Network Marketing Blog is the answer to the two most common questions people ask when they look at this business - and the two biggest challenges they face when they start:
1. I'm not a salesperson.
2. I don't have the time.
These are genuine concerns and all too often they get brushed aside: "Don't worry about that. We'll show you how..."
This blog is designed to show how it works in reality and in real time - how anyone, no matter how busy, can work their business consistently in small fragments of time. Because that's all you need; just a few seconds to find out if someone's interested.
And please bear in mind the entries here are only a tiny snapshot of the daily activity. Most of what goes on would make very dull reading indeed: Making calls from the list ... adding names to the list...making calls from the list...
As for being a salesperson: Have a look and decide for yourself.
Is it sales?
Let's say you call on a friend unexpectedly and find them up to their ankles in water and battling with a burst pipe.
Imagine it: There they are, soaked to the skin, trying to wrap a towel round the leak while they shout: "I rang the plumber but all I get is the Ansaphone..."
Honestly now, would you ignore their plight or would you volunteer the number of your own plumber.
Would you do what you could to help them or would you consider that going into "sales" on behalf of the plumber would be beneath you?
And what would your friend say when they realised you had deliberately chosen to leave them struggling to stem the flow and all because you felt embarrassed about "selling" something.
Network marketing is all about spreading good news and it's all about helping people.

If you're thinking of getting into Network Marketing - or already in it but not making enough money - contact me at info@networkmarketingblog.org.uk

About Me

John Passmore,
United Kingdom.

For 25 years I was a newspaper reporter - ending up as Chief Correspondent for the London Evening Standard. Then I gave it all up and, with my wife, set out to live the simple life on a small boat while writing a column for the Daily Telegraph. Five years and two children later we moved ashore - and five years and another two children after that I ran out of money. Nobody wanted to give me a job and I couldn't afford to start a conventional business. Then at a craft fair in our local community hall, somebody showed me network marketing. It was described as a home-based business that would provide anyone with a second income if they were prepared to work for it. I was sceptical. There were claims of high earnings and something called a "residual income". But what if it did work? And besides what alternative did I have? So I threw myself into it wholeheartedly (which is the only way to succeed at anything). I'm not saying it was easy or there were never moments of doubt but if you're prepared to learn and determined never to give up, then there is a statistical certainty that you will make money. I started in April 2005. I was broke and embarrassed. Today I have no money worries whatsoever.