The price for success? Is there any other way?
Thursday, June 29th, 2006I think, the biggest mistake people make in looking to learn or succeed in anything is that they think if they fail or make mistakes, they can’t be good at it. That is just not true. Most of the things I am the best at, or have become good at is by making mistakes or failing at them! I think this is true in most areas of life. No one I know learned how to walk without falling down. But we all end up learning how to walk. I even learned how to run! This principle has been especially true for me online.
I look at those failures or mistakes as opportunites to learn and improve. Some of the lessons I learned online about free advertising, paid advertising, investment opportunities, Network Marketing, MLM, and starting and building a successful online business cost me thousands of dollars and hundreds of hours. I will share a number of my failures with you that I have found very educational, so that you can avoid losing money and time like I did learning those same lessons.
The first one I will tell you about is my experiences with Referralware. Referralware is a great idea! The problem with it is that it did not work out for me, and I WORKED AT IT! I was with Referralware for about a year and a half. Basically, Referralware combines an integrated marketing system with multiple income streams. Huh? Did I lose you yet? Hang in there, As I will explain and share with you what I learned and how I used that to make money online and work from home.
Problem #1 for Referralware = people have trouble understanding what the heck it is. Some people think it is software (because of the “ware” in it’s name).
Problem #2 with Referralware = To get to the top levels, and qualify for the maximum commissions, it has a high monthly cost. I was spending more than $300 just to maintain my position and get the guaranteed signups packages. That does not even include what it cost to join and maintain membership in the business opportunities that were to be my income streams. They were just expense streams to me.
Problem #3 in Referralware = I did recruit and start to grow a downline there, but ran into the same problems as I had in many other systems. My new members were not able to duplicate in the system and would end up quitting.
Problem #4 with Referralware = Overwhelming variety of online business opportunities to choose from and even though they supposedly had been “pre-screened” for a higher probability for success, most of them were NOT working and you would end up joining a online business opportunity to promote that people were not succeeding at.
What the heck are multiple income streams? Think of it this way: if you work at a job, that is one income stream. If you owned a apartment that you rented out to others, that would be yor second income stream.
Lesson #1 I learned from Referralware = The appeal is to develop multiple income streams online as a way to grow a larger income. It is also a more reliable way to develop an income you can depend on. This is a smart idea as instead of promoting a single thing with your advertising dollar, you can advertise multiple things with the same advertising budget. Also, you would not have all your eggs in one basket. If you ran into problems with one business or opportunity, you could rely on the other income streams to provide for you while you worked on replacing that one. I think of it this way. Lets say I develop a small successful website that makes me $20 per day with ads or sales. That may not seem like a lot. What if I did that 9 more times. Now I am making $200 per day from my websites - all are easy to maintain and if one runs out of business, or has problems - instead of losing my daily income, I still make $180 per day and only need to replace that portion of my income. Is your job that reliable?
Lesson #2 I learned from Referralware = Use the power of the internet and an automated system to get more done in less time. I think the benefits of this are obvious, but I had never thought about this before then. If you can set up an automated system to do 95% of the work for you, it also means any work you have to do will go farther! This way, I also only end up spending my time with task that require my attention and effort, rather than presenting and explaining the same things over and over. If you have used an online business to purchase anything, you know what I mean. You can choose, pay for and sometimes even receive what you were looking for and the whole process was completely automated. Using this automated system, your online business can get that much more done without you. You can set up other things like the marketing system to even bring in people automatically and do the sales, collect the money, and put the money in your account, all while you are doing something else.
Lesson #3 I learned from Referralware = Whatever your offer or system is, it needs to be easy to explain. This means that it would be easy to understand and more people would be interested in it.
Lesson #4 I learned from Referralware = Because of some of the problems I outlined above, 2 guys who were having success started an add-on program to Referralware called Coaching to Profits. First of all, this added to the cost of joining and the monthly expense. What they did right, was to explain to people what the heck Referralware was, streamlined the income streams to a few, and best of all - had a step-by-step plan for how to succeed in your Referralware business. You can easily see that these ideas heavily infuenced my http://www.nutronixhelp.com/ site.
Lesson #5 I learned from Referralware = The main aspect that initially appealed to me was the idea that I could develop a residual income. I could work at something smart and hard once, and get paid for it for years after that. One of the main obstacles to that is if you are involved in something that you need to perpetually re-qualify for, or keep recruiting for. Those kind of things keep it from being residual. That is one of the things I love about the Nutronix payplan. I will never have to recruit another person or re-qualify above my $100 autoship to reach the top levels in the payplan and enjoy my monthly income from that.
