Learn about the essential quality foundations necessary to have in a
partnership company to enable you to
grow your own money trees and
earn weekly paychecks:
M in the MONEY TREE Formula stands for Multiple Streams of Income
The first goal in starting your own home-based business is to add another stream of income to your life as a safety net for when one of your streams of income dries up. The home-based business you select should be a source of more than just one stream of income. It should have potential to be a source of multiple streams of income all by itself.
O in the MONEY TREE Formula stands for Outstanding product or service.
If your product, service, or information isn’t unique, excellent, it will eventually become a casualty of competition. The goal of creating a money tree is to do the work once and to have the money flow to you (or to leave as a legacy for loved ones) for the rest of your life. In order for your source of income to survive through the next ten recessions, you must select a product, service, or source of information that has the possibility to be perpetually profitable. Make sure the quality of your produce is outstanding, the best in the world and is at a fair price.
N in the MONEY TREE Formula stands for Nothing Down.
Why nothing down? Well, it doesn’t have to be completely zero down — but use as little of your own money as possible. If you’re like most people, you probably don’t have a couple of hundred grand lying around to invest in your business.
E in the MONEY TREE Formula stands for Employee-resistant.
That’s right! You don’t want employees. Employees can come with a lot of headaches, entitlement, training, replacing, management issues.
Y in the MONEY TREE Formula stands for the word Yield.
The streams you choose should be high yielding, high-profit cash cows. Five years ago a friend of mine, Collette, started a USANA home-based business. In less than a year she was making about $10,000 per month. What’s more, this business was a Money Tree business. It generates cash flow even if she stops working! But why stop when she is having so much fun? Today, after five years, she has grown her business--she now earns over $500,000 a year net, though not everyone desires to earn that, and some want more.
T in the MONEY TREE Formula stands for the words Trend and Timing.
Starting a business against the trend is like swimming upstream against the current. But when you choose a business that is with the trends, it’s more like floating downstream with the current.
R in the MONEY TREE Formula stands for Residual.
We’ve already talked about the importance of residual income as a major part of the MONEY TREE Formula. But to emphasize this concept further, let’s compare it to an escalator. Have you ever walked up a down escalator the wrong way? You have to walk fast just to stay in the same place. And to get to the top, you have to walk at double speed. People on the up escalator just hold the handrail, and the escalator momentum takes them to the top.
E in the MONEY TREE Formula means Essential to Everybody Every day.
Whatever you sell, try to pick something that is essential or is perceived as essential by a large and very motivated segment of society. Examples: Publish a book or hit song, do real estate, affiliate marketing, network marking -- these examples fit the
MONEY TREE Formula.
E in the MONEY TREE Formula stands for Enthusiasm.
You’ve got to love what you do. If you hate what you sell, you’ll never be any good at it. The truth is, you’ll never be truly great unless you love what you do. Most people love what they do when the know they are helping others, helping humanity, while helping themsleves
so follow the Yellow Brick Road
to receive your free Treasure Map to guide you step by step . . .
partnership company to enable you to
grow your own money trees and
earn weekly paychecks:
M in the MONEY TREE Formula stands for Multiple Streams of Income
The first goal in starting your own home-based business is to add another stream of income to your life as a safety net for when one of your streams of income dries up. The home-based business you select should be a source of more than just one stream of income. It should have potential to be a source of multiple streams of income all by itself.
O in the MONEY TREE Formula stands for Outstanding product or service.
If your product, service, or information isn’t unique, excellent, it will eventually become a casualty of competition. The goal of creating a money tree is to do the work once and to have the money flow to you (or to leave as a legacy for loved ones) for the rest of your life. In order for your source of income to survive through the next ten recessions, you must select a product, service, or source of information that has the possibility to be perpetually profitable. Make sure the quality of your produce is outstanding, the best in the world and is at a fair price.
N in the MONEY TREE Formula stands for Nothing Down.
Why nothing down? Well, it doesn’t have to be completely zero down — but use as little of your own money as possible. If you’re like most people, you probably don’t have a couple of hundred grand lying around to invest in your business.
E in the MONEY TREE Formula stands for Employee-resistant.
That’s right! You don’t want employees. Employees can come with a lot of headaches, entitlement, training, replacing, management issues.
Y in the MONEY TREE Formula stands for the word Yield.
The streams you choose should be high yielding, high-profit cash cows. Five years ago a friend of mine, Collette, started a USANA home-based business. In less than a year she was making about $10,000 per month. What’s more, this business was a Money Tree business. It generates cash flow even if she stops working! But why stop when she is having so much fun? Today, after five years, she has grown her business--she now earns over $500,000 a year net, though not everyone desires to earn that, and some want more.
T in the MONEY TREE Formula stands for the words Trend and Timing.
Starting a business against the trend is like swimming upstream against the current. But when you choose a business that is with the trends, it’s more like floating downstream with the current.
R in the MONEY TREE Formula stands for Residual.
We’ve already talked about the importance of residual income as a major part of the MONEY TREE Formula. But to emphasize this concept further, let’s compare it to an escalator. Have you ever walked up a down escalator the wrong way? You have to walk fast just to stay in the same place. And to get to the top, you have to walk at double speed. People on the up escalator just hold the handrail, and the escalator momentum takes them to the top.
E in the MONEY TREE Formula means Essential to Everybody Every day.
Whatever you sell, try to pick something that is essential or is perceived as essential by a large and very motivated segment of society. Examples: Publish a book or hit song, do real estate, affiliate marketing, network marking -- these examples fit the
MONEY TREE Formula.
E in the MONEY TREE Formula stands for Enthusiasm.
You’ve got to love what you do. If you hate what you sell, you’ll never be any good at it. The truth is, you’ll never be truly great unless you love what you do. Most people love what they do when the know they are helping others, helping humanity, while helping themsleves
so follow the Yellow Brick Road
to receive your free Treasure Map to guide you step by step . . .
