Sunday, 26 June 2011

Building Pipelines For Early Retirement

I recently embarked on my journey of building my “pipelines” or MSI (Multiple Sources of Income).

My single most burning compelling reason to explore a Replacement Income is that in the Corporate World, there is always an end in sight. The magic number, 55. Some champion that this may be increased to 58, maybe 60, but I am not sitting around to speculate.

By owning my own business, the sky is the limit. Network Marketing offers just that – a Business. And just like any other, this business takes time, energy and effort to nurture and grow. Risk is also associated with all businesses but in this one, it is almost negligible. Why? Small start-up capital, no stock holding, no shop to buy/rent, no staff to employ, no costly equipment/assets etc. Unbelievable!

I was introduced to this business by a young, charismatic ex-engineer who is systematically achieving his dreams through conducting this business. I am also in a powerful team which is helping to develop me to achieve my fullest potential. With their support and backing, and my desire to learn, anything is achievable.

Do not let anybody tell you that this business does not work.

Network Marketing is a proven and very powerful business model. This industry has made more millionaires than any other industry in the world. There are even MBA courses on this subject matter. In my earlier days, I was very skeptical on the power of network marketing but I now find that this was due to my lack of understanding of its exponential possibilities.

The atmosphere in this industry is very positive, with people helping people to build the business. It is very unlike the corporate atmosphere which is basically a ‘dog-eat-dog’ world, filled with threats and many other negatively-charged elements.

Having said that, I am still in the Corporate World. The idea is to reduce my dependence on being “Corporate”. When my (Multiple Source of Income) MSIs become bigger than my (Primary Source of Income) PSI, I will then have a choice.

Until that day comes, you can be sure that my focus will be on building my “pipelines”... and share the wisdom that I have gained. Then, I will have the liberty to go to the next level ..... Investment Income, but that, my friends, is a story for another day.


EG
By Day, Marketing Manager; By Night, Pipeline Builder

Monday, 20 June 2011

The Business School To Stay On Track


Network marketing is a great business school. Amongst many things, it has taught me some guiding leadership principles that was holding me back.

Interestingly, the very same key learnings can sometimes be mistaken as an excuse which prevents a person from being successful. Sadly, many people are still caught in that delusion and are not able to differentiate.

Here are some that I’d like to share:
  1. Be kind but not weak. I learned that kindness is not the same as weakness. Kindness isn’t being weak, it’s a strength. I must be kind enough to tell someone the truth. I must be kind and considerate enough to lay it on the line. Being kind, empowers me to tell the pure truth and not jumble it with delusion.
  2. Be strong but not impolite. Do not make the mistake of perceiving rudeness for strength. It’s not even a good substitute.  It is just an extra step I must take to become a powerful and capable leader.
  3. Be bold but not a bully. It takes boldness to win the day. To build my influence, I have got to walk in front of my team. I have got to be willing to take the first arrow, tackle the problem first, and discover the first signs of trouble. Like the farmer, if I want any rewards at harvest time, I have got to be bold and face the weeds, the rain and the bugs head on. I have got to seize the moment.
  4. Be humble but not timid. Success is not achieved by remaining timid. Some folks perceive timidity for humility. However, humility is a virtue whilst timidity is a disease. It’s an affliction that can be cured. Nevertheless, timidity is still a problem. 
  5. Be proud but not arrogant. It takes pride to build my ambitions and be proud of my community. I take pride in a cause, and its accomplishment. However, the key to becoming a good leader is to be proud without being arrogant.
  6. Develop humor without folly. I learned that it’s okay to be witty but not silly; fun but not foolish.
  7. Deal in reality. Dealing with the truth save myself from the agony of delusion. I must be capable of accepting life as it is. Life is unique. In fact, the whole drama of life is unique even fascinating!
As you can imagine, it is not easy to escape from these traps. Thank goodness, working in a team, I have people who are willing to point them out to me when I run off track.


Steven Lim

Sunday, 12 June 2011

The MLM Skeptic Who Caught A Dream

My first perception about the network marketing industry is “selling products” and “talking to people”, which I hated and felt uncomfortable with… not my cup of tea. I never thought I would step into this industry until a year ago.

In the past, dreams were limited to the boundaries of “day dreaming”. Anything beyond that was methodically categorized to “forever non-achievable”. However, being with my new found team, I’m going to make my dreams alive!

I believe that everything happens for a good reason and God has arranged everything nicely for me. I’m lucky enough to be with my team. Everybody treats me like their own family member, we share everything together, we go through good times and bad times, even though some of them are my cross lines.

Whenever I feel down in my business, I’ll always go to my “big brothers and big sisters”, they will cheer me up, give me positive energy to recover my “wound”, so that I’m ready to go out and “shoot” again  They are always there to pull me up and help me do better.

I am always left speechless when I think about the leadership skills my team demonstrates. My “big brothers and big sisters” coaches me well. I don’t even learn them in the corporate world, which I used to believe in. I’d say my team re-defined my life education.

After one year with my team, I learned to transform my negative thinking to positive thinking. More importantly, I learned to overcome my fear day by day, one step at a time. Nowadays I am excited about sharing with each and everyone about the things I had learned.

Three to five years down the road, I can picture myself talking to people with wind-proof confidence. It could be one on one or even on the stage! Speaking from my heart, inspiring individuals that crosses my path. I believe I will have a huge network in the range of thousands across all walks of life.

Apart from being a successful networker, I already envision myself as a successful investor like Kim Kiyosaki who wrote the book “Rich Woman”. I want to have many assets churning out continuous flow of passive income.

Some may take 5 years to achieve their dreams, some may take 10 years. So what? We still get there! All I have to do is rise up when I fall down, rise up again and again when I fall down. Eventually I will walk firm and even start running as long as I don’t give up and keep on going.

Let’s work together as a team to make our dreams alive. Together we are one 

Sunday, 5 June 2011

An Ordinary Person Can Have Extra-Ordinary Income

It's funny when I look back to see how I accidentally got into network marketing.

I was initially looking for ways to start an online business when I learnt how some individuals were creating hefty success combining network marketing and internet.

This search miraculously attracted a chain of events as things began to fall in place, piece by piece.

You see...

A few months later I was fortunate to have bumped into a very young and dynamic mechanical engineer turned entrepreneur, more specifically a professional network market consultant at a business mentoring program in Kuala Lumpur. And this is how I got hitch into network marketing.

Why network marketing? Firstly for me, it is a low cost business model. Having been involved in traditional business (that means open shop-close shop-open shop-close shop, day-in-day-out),  I had huge overheads which includes stocks, staff, etc. Network marketing offers everyone an equal opportunity as ordinary people with little capital to achieve extra-ordinary incomes.

Secondly the business education provided builds mindset that can turn each and everyone, irrespective of their background into an entrepreneur (actually a global entrepreneur).

Last but not least, benefit that I would like to share now is the coaching. Tell me where you would get a success coach to guide you every step of the way up the ladder? Most folk under estimate this coaching. It's like they'll hold your hands just like what our parents did....oh how I wish my coach was a pretty lady! :) By doing so, the business system has taken out all the business risk that a newbie is subjected to in any business.

I have enjoyed this journey very much as I am able to be a teacher, mentor, coach or just a tutor to someone who obviously need a lot of care when they too want to achieve their dreams. I felt elated to be able to hold someone's hand, lead them through the process and set them free...towards their destiny and dreams. Awesome!

When network marketing is empowered via the internet, it is surely the best way to allow access to consumers globally.

And finally this brilliant concept that works even for you. Leading a large group of people to consistently do a few simple actions over a sustained period of time...this is what I do! And I am looking forward to welcoming you onboard.

Talk to you soon!

WK SOON
your Time Freedom tutor