Home Based Business

The Power of Leverage in Business

January 20th, 2009

We all know there are only 24 hours in a day. We all get those same 24 hours to do as we please with. Now we know that 7-8 of those hours are already spoken for by sleep. So really, for traditional type businesses, you only have around 16 hours a day. Well, this is only true for business opportunities that require your time.

For example, as a chiropractor, you now that you can get through 4 patients in a one hour period. At $50 each, that is about $200/hr. Now, assuming that a chiropractor has his schedule packed, he can make around $1400 a day with an 8 hour day and a lunch break. That sounds like a great income for most people right? But can the chiropractor make any more than $1400 in an 8 hour day of work? No! Not unless he applies a little more leverage into his business, which, requires hiring more chiropractors to work for him. Pay these other chiropractors $30/hr of the $50 and pocket the $20 for the extra hours. Pack the entire day with enough patients for two chiropractors and instead of making only $200/hr he is now making $280/hr. If the supply is there, this would be ideal leverage.

Now, let’s look at a different business model in Direct Sales. Know that Direct Sales pays you directly. When you make a sale, you make the profit right up front. So initially you make money. Let’s say you have a product with a $1000 commission connected to it. Make ten sales in a month and you have yourself a $10,000 monthly income and a 6 figure annual income. But in order for you to do that, you must give 60 sales pitches a week that are approximately 30 minutes in length, market your product and make trips to the bank. All of this takes time right? So you are looking at a 50+ hour work week!

So let’s add leverage to this business model. There are a few ways to do this and you will see that it will significantly increase your profits far beyond that of the chiropractors and most doctors with the same amount of sales volume. Create a system around your product so that others can market it as well. By doing so, you will mentor them and teach them to duplicate your results. In the process, you get their first two sales. So by making 10  sales a month, in a perfect scenario, you would get a minimum of 20 additional sales. This would keep duplicating as those 20 turned over to you their first two sales as well. This is endless! Leverage!

Also, throw in a few higher end products in the mix that end up being add-on sales. By saying add-on sales I mean products that add to your first product! Make these higher ticket items. So let’s say you have a $5,000 and $8,000 commission on these other two products and at minimum, 30% of your customers who purchased your first product end up purchasing your second and third products.

Let’s do the math.

  • Ten sales a month at $1000 equals $120,000 a year. Let’s say this 10 include a few turn-over sales.
  • 30% of those 120 sales will purchase the second product at $5,000 each equaling $180,000.
  • Also, 30% of the 120 will purchase the third product at $8,000 each equaling $288,000.
  • Total = $588,000!

To save on your time, have someone else do the sales pitch for you on one call a day and schedule all of your potential customers to that one call to cut your work hours down to around 20-30 hours a week, maximum! Imagine what your income would be if your conversion from the first product to the second and third increased to just 50%. That is a significant multiple 6 figure increase!

Now if you were wondering how you could make a multiple 6 figure to a 7 figure income working just 20 hours a week, you now know! But how many of you, even though this is all laid out for you, will shrug your shoulders and stay with what is comfortable to you? How many of you will settle for a paycheck or an 80 hour work week?

The answer: Almost all of you!

10 on the Home Business Richter Scale!

December 29th, 2008

Looking to start a home based business? Is this your first time or have you tried something in the past?
Did it work for you? If so, what happened and why are you looking again? How do you know if you have found a home based business that is going to be profitable for you? How do you know if it is actually going to work before you jump into it? How can you know that you will do all that it takes to create the success you desire through this new home business of yours?

Here is an interesting fact: Thousands of people start a home based business every single day! Thousands! That is a huge number. How many of them actually experience the success they desire? How many of them can actually make a living at what they do? To tell you the truth, I have no idea what the actual stats are, but I can tell you that most home business owners are not able to support themselves without some other source of income. Many people quit before they even get into profit and this isn’t just true for a home based business, this is true for all businesses.

The only way to fail, in a home based business, is to quit. Why, because you can do it on your own time. You can work the business around your schedule until you are profitable. But, there are traits to look for in finding a successful home based business opportunity to start. Allow me give you some guidance:

  1. Who is paid first, you or the wholesale company? Make sure it is you!
  2. Do you have to stock inventory or pre-purchase your product? Make sure this one is a big fat no! There are home businesses out there that will ship, stock, do customer service for you and all you do is collect the profit!
  3. Is it MLM? Now this is up to you, but know this, those you assist in signing up into the business will never make as much money as you do. Normally, the commissions are small, you have to stock and warehouse products and you have monthly quotas to meet. However, they are residual.
  4. Are you choosing your home business to have the product or to make some money? Please, please, please say to make money! You go into business to make money. The product is the way to make money and most products are outstanding. Keep your focus!
  5. Large commissions! Do you want to sell your product to half the world before you are profitable or would you like to do less work, sell a few, and make more money. Enough said!
  6. SYSTEM! Is there a turnkey system in place that you can follow? This is a must. More people fail when there is no system to follow!
  7. Look for the success the business opportunity has had. This is a big one. If you are looking for fault, you are sure to find it, even in paradise! Every, I repeat, every successful business has someone talking negative about it or trying to get a freebie. I mean Walmart is sued every half hour! DO NOT base your decision to get started in or not to get started in a business because of what people say in negativity forums. There are two classes of people who fail, those who fail and blame others and those who fail and take personal responsibility for their own actions. The ones who blame others are the comments you read on forums! The ones who take personal responsibility will one day succeed and the ones who are successful, are the ones still working their home business. Talk to two or more of them and ignore the failures.
  8. Go on your “gut feeling.” The best way to make a decision is by following your heart! The head will just get in the way. Starting a business is about chance, confidence in yourself, and risk. You can’t rely on logic for that. It is about you! Can you succeed? Do your research and jump in with both feet!

Home based businesses are creating millionaires and there is no difference between you and those who have  already done it. Well, I guess there is one, time!

Philosophies of the Ant – Take Shelter in a Storm

November 14th, 2008

What does taking shelter in a storm have to do with being a successful entrepreneur or running a Business? Think about it. What should you take shelter from in order to become as successful as you’d like to become? Let’s take a look at what an ant might have to avoid along his journey of searching for food and protecting the colony. Numero uno would be the bully that is lurking around the corner with a magnifying glass! Another would be a literal rain storm and another might be cold weather. The list could go on and on but how do these things relate?

Here is a list of things that I would avoid, watch out for, or plan to go around if I was looking to create all out success.

  1. Avoid negative media! Here’s an amazing statistic: Walmart gets sued every hour! But why? Walmart is a great store! I’ll tell you why. It is because Walmart is a great store and when you are a great store, that means you are a successful company. When you are a successful company, you make lots of money. Now who doesn’t like money? So they sue! Plain and simple, if you are successful, and they are not, they hate you for it! That is the truth.
  2. Don’t waste time with the Kings and the Jokers. You are looking for Aces to work with. There are a lot of other prospects, clients, customers, or business partners that will be and look enticing, but they’re not an Ace.
  3. Prepare for the Cold Weather, or the down time in your business. This is considered the slow season, if there is any in your industry. This is no secret and you probably already know this, but I will tell you the secret to getting through a slow time in your business. This is it! Are you ready? “There is no slow time!” Did you miss that? It is all belief!
  4. Avoid, like the plague, people that bring you down with beliefs of poverty and failure. This one is number one in my book. Take all the people you hang around with, add their income and divide it equally among you. The average is what your income will generally be. Hang out with like-minded and ambitious people.
  5. Procrastination! Avoid it, avoid it, avoid it! That is all I have to say about that!

There you have it. The next philosophy of the ant. The best way to take shelter from the storms of business is to just make a ton of friggin’ money and have all out massive success so that when a storm does come along, it will take a heck of a lot of force to knock your mountain of prosperity over! That, my friend, is how it is done!

We are home and ready to rock and roll!

March 3rd, 2008

It’s definitely a girl! The Ultrasound was right I guess. We went into the hospital on Wednesday night at around 8:30pm Work From Homewith Amy’s contractions at around 2 minutes apart. We asked for the epidural, and the dang thing didn’t work until Amy started to push. What a raw deal. I guess those things aren’t 100% proof but I sure wish they were….for Amy’s and my sake. It was hard for me to see her in so much pain. I have to admit also…I did get a little light headed and had to sit down. My mother-in-law stepped in for me until I could gain my composure. Amy did so good though! I was proud of her!

Macy Kay Allred was born at 6:29 AM on Thursday morning here in the Summit Healthcare facilities. She was 6 lbs 4 oz and 19 inches long! You know, not to take away from my little girl, but the name of my business is Summit Point Enterprises. The hospital here was picking a new name for their facilities due to some new renovations, and towards completion, they changed it from the first name they picked to Summit Healthcare. They copied us. I know it! I can’t blame them though. It’s a good name!

This business is so simple. I took 3 days off for this special event and I still made money while in the hospital. My little girls future is secure. I will be here when she takes her first steps, when she starts to crawl, when she says “Dadda” for the first time…..I am home and will not have to worry about working a job again. This opportunity has given me my life. I thought I had a life before this opportunity, but was just fooling myself. There is no comparison!

Liberty League International Experience

February 21st, 2008

Just to tell you our story real quick, if you haven’t been on the “About Us” section of this site, this will be helpful. My wife and I have been part of Liberty League International for nearly three years now. We got started on March 31st of 2005. This was the first home based business that we have ever considered being part of. There was something about the people that were in it that inspired us to get started. I mean, don’t get me wrong, the income potential is just insane, and that is why we started looking in the first place, but the community is something else.

Before getting started here with Liberty League we were making about 40k a year with what we were doing. I wasn’t a big CEO of some corporation or anything. I was just a normal guy looking to create some freedom in my life, both with time and money. My wife was actually the one who found this opportunity for us. We had just built and brand new home and had not been on vacation in nearly 2 or 3 years. Well, really, we couldn’t afford it. Disney Land is only an eight hour drive from where we lived and we still couldn’t afford to go.

Since we have been with Liberty League, in the last 3 years, we have been to Puerto Rico, Cancun three times, Sydney Australia, Miami Florida, Hawaii, and all over the United States. We have a trip planned for Rome, Italy at the end of March. We will spend a week or two there. We also have a trip planned to Honolulu Hawaii in July as well and will be taking the whole family there with us. I couldn’t have possibly imagined traveling this much with the way my life used to be. I left the country three times last year. We went to Cancun twice and to Sydney Australia. I am on cloud nine man.

Our best week in the business is $42,000. We own a few homes home here in the beautiful White Mountains of Arizona and are grateful everyday for what we stumbled upon. Liberty League International has been our savior for financial freedom. I am now there for my kids. When my first daughter was born I wasn’t even able to take my wife home from the hospital because I had to get back to my JOB. That will never happen again and we are expecting our third daughter in about a week. I can work this business anywhere and will be making money even while I am in the hospital with my wife. I love this business.

You know, I fear to imagine what my life would be like if we had not made the decision to get started here with this great company. So, let’s not even think about it. Don’t hesitate, get started here. You will be grateful you did!

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