Napoleon Hill’s Thought for the day
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"If you want to move people, it has to be toward a vision that's positive for them, that taps important values, that gets them something they desire."
- Martin Luther King, Jr.
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"All parents believe their children can do the impossible. They thought it the minute we were born, and no matter how hard we've tried to prove them wrong, they all think it about us now. And the really annoying thing is, they're probably right"
-- Cathy Guisewite, Cartoonist
Brian Tracy quotes of the day email
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"Luck is what happens when preparation meets opportunity."
-- Darrell Royal
Brian Tracy quotes of the day email
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The following is from Success in 10 steps by Micahel Dlouhy, a wonderful post on retention within Network Marketing and MLM.
Voodoo MLM Economics
Companies say, "We Keep 93% of Our People!"
They lie.
Truth: There was a phone company a few years back that had to publicize their retention rate, because they were publicly traded.
Take a guess. Out of every 100 people they signed up, how many were still in the business a year later?
50%? HAH!
25%? As they say in the Hertz commercial, "Not exactly!"
10%? You're getting warm ...
The public record showed 6% to 7% retention. That's not 67% ... it's 6 to 7% retention. So you build your business for a year, you buy advertising, you do 3-way calls, you go to meetings, you talk to all your friends & relatives, and you wind up recruiting 100 people! Yippee! You're almost rich.
Well, not exactly. Why? Because what you have left is 6 to 7 people out of 100 (!) still building the business.
Ooops ... wait ... that's not all you've got. You also have smashed dreams, maxed-out credit cards, and probably a LARGE bunch of people who hide when they see you coming.
Whatever you do in network marketing must be duplicatable for the masses. Six to 7% retention is not smart business.
That brings up the next big lie.
From Success in 10 Steps by Michael Dlouhy,
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