Tuesday, March 11, 2008

The Masses are Marching to Financial Peril Blinded by False Information

As you prospect you are sure to discover that many people are not aware of the dangers associated with relying solely on their 401K and Social Security to provide a reasonable quality of life into retirement. When I meet with a new candidate for my primary MLM business, I always dig beneath the surface to fully understand their financial position in order to uncover gaps that we can help them bridge through a home based business. What I have discovered is troubling; many people are leaving their long term security to chance and are blinded by false information about how much it will cost them to retire successfully baring unforeseen expenses such as long term medical care, a market crash effecting their 401K or other catastrophic event.


I. The masses are marching to financial peril blinded by false Information

1. The old model on how to create financial security into retirement no longer applies.
2. The world is changing due to layoffs, outsourcing, 9/11, stock market losses, the sub-prime mortgage crisis, etc.
3. Social Security when envisioned had 7.1 workers paying in the system for every 1 receiving benefits with a life expectancy of 7 years in retirement. By 2028 there will only be 2.5workers paying in the system for every 1 receiving benefits with a life expectancy of 17 years in retirement. The system was not designed to address this reality.

So how can network marketing solve the problem?

II. Healing the Blind

Two of the most powerful principles of the “prosperity mindset” when applied to helping others face reality are 1) Exposing truth in a way that becomes self evident with the mindset that you want to help others find solutions. 2) Accepting the moral obligation that you must provide an answer if you believe you have one.

1. Exposing truth in a way that becomes self evident with the mindset that you want to help others find solutions; so often when we prospect in network marketing we approach the prospect with our notion of what our business “should mean” to them.

2. Accepting the moral obligation that you must provide an answer if you believe you have one A.) Makes your mission to build your network marketing business not about you – at least not exclusively about you. B.) Supports the best aspect of the network marketing industry, which is helping others create leverage in their lives.

So here is a question for you: “If you truly believe that the network marketing business you are in has a product or service that benefits people, a compensation plan that allows new members to make money quickly and has the high probability of sustaining residual income for a decade or more; do you treat the opportunity like a real business and seek to understand where your prospect is in their lives, which will allow you to connect with them on a deeper level?”

DUPLICATION IS THE KEY!

If you have a down-line team duplicating these mindset principles you will create a greater number of enrollments within your team as your team recognizes the value of having a clear vision and respect for the process.

Here are 5 actions you should take to educate yourself and become empowered you heal those blinded by false information

1. Seek out those who have achieved what you intend to create and honor their accomplishments.

2. Invest in growing your knowledge including the economic factors present in the lives of your prospects.

3. Teach these principles to your down-line, so that they become part of the culture of your team.

4. Spend the first ½ of your prospect meeting drawing out your prospects financial position and laying the foundation for bridging gaps through your opportunity.

5. Expose truth and offer solutions that are real for the prospect.

III. Seeking those blinded by false information as you go along your way

My discovery of these truths played out during a consultation with a client when we discovered that despite her dedication for more than 25 years to her employer, her diligent investment into her 401K and exceptional performance reviews; the future is not certain as she will need to create an additional $20,000 in annual income to meet her stated goal to retire in 10 years.

The rules have changed and we must adapt our strategies to better address the challenges faced by the declining reliance on Social Security, increased health care cost, outsourcing in the workplace and volatile financial markets.

The Power of Taking Action

“My intention is to sow increase into the lives of others by creating wealth and abundance. My intention is to first impact 10,000 lives and then to see those ten thousand duplicate to impact a million lives. I intend to create wealth and abundance sow this to achieve significance.”

What are your intentions?

To hear my podcast on this subject go to http://www.supermindpodcast.com/

If you would like to receive a free copy of my prospecting guide titled “Three Simple Questions” send me an email at james@supermindsuccess.com and I will send you a copy.

(c) Copyright 2008 James A. Holmes. All Rights Reserved.

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James Holmes, Global Team Builder, Coach and Trainer, combining online and offline techniques to help you grow your business. To request a free 30 minute consultation contact James by phone at 303-523-9503 or email at james@AskJamesHolmes.com
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Please feel free to leave your comments below. I’d love to read your thoughts on this article, as well as what tips and strategies YOU would most like to learn.

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