Facing Our Terror Barrier

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Bob Proctor says that if he gets an opportunity that doesn’t create some amount of fear then he doesn’t do it. Loral Langemeier says that it should make you want to throw up. The good opportunities should stretch you, take you out of your comfort zone. Stepping out of your comfort zone, facing your Terror Barrier as Bob Proctor puts it, causes you to grow, and if you aren’t growing then you’re dying. That’s how the wealthy do it.

My wife and I are rapidly approaching a choice point in our lives. Do we go forward with our business and all of the related big plans and dreams, or do we fall back, keep the job, and shrink our life back down to what the job will support?

Going back means staying with the job, taking my daughter out of the new school that she loves, and giving up the vision for time and money freedom because a job can’t support them. The difficulty with doing that is that we already have a taste what life can be like.

Going forward means facing a lot of fear. It requires leaving the presumed security of a job, and all of its associated benefits, to open up time to grow our business. My wife also brought up our parents. What do we tell them, because they definitely won’t support the idea of quitting a good job for something they see as very risky. But their dependence on a job is why they are still working and wondering if they will be able to afford retirement. A job doesn’t guarantee any security anymore, either that you will be able to keep the job, keep benefits, or be able to afford retirement. A job can be risky now.

Going forward is a big change. We are completely responsible for our results. It’s not like being in a job where we can coast along this week knowing that the paycheck will be there no matter what.

There are two ways to respond to the fear. We can let it win and we turn back, or we can use it to drive us forward.

I can tell you what we’re going to do. We’re going for it. It’s more exciting to go forward, and life is supposed to be exciting. We get to look at things differently. When we want something, there are two questions to answer. How do we write this off as a business expense (anyone want to take a trip pre-tax)? What do we have to do to make the money to pay for it. Change “can we afford it” into “how do we afford it”.

What are we doing? We are building network marketing businesses with Nikken, a wellness technology company, and Send Out Cards, an online greeting card company. We also supplement our income through affiliate programs with several of our mentors, such as Loral Langemeier, Bob Proctor, and Bob Doyle. We are also both massage therapists and can fall back on that if we need or want to. I think we are in great shape to succeed.

What about you? Do you have any dreams and desires that can’t be supported by what you are currently doing? Have you ever wondered “what if”? Join us on this exciting journey.

Wayne Woodworth
Entrepreneur

  • Digg
  • Facebook
  • Twitter
  • StumbleUpon
  • Delicious
  • Share/Bookmark

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , ,

Comments

Tax the Wealthy

I received an automated survey phone call to my cellphone a few days ago from a local Congressman seeking opinions on the issues they are attempting to address in Washington DC. The two main topics asked about were health care and taxation. I don’t think the government knows the first thing about real health care and I cover that issue on my wellness blog. Here I want to talk about the taxation thing. Specifically, the question was if they should increase taxes on the wealthy.

Poor and middle class people are usually in favor of increasing taxes on the wealthy because it suggests that their taxes won’t be increased. It is a given that the Federal government will have to get more revenue from somewhere if they are going to reduce the huge deficit they are creating.

You realize that the deficit isn’t the entire debt, it is just the amount of debt that they are adding this year.

I want to look at this from the point of view of a wealthy business owner, because I intend to be one soon. I think the government’s definition of wealthy is income greater than $200,000 or so. The bottom line is that wealthy people aren’t overly concerned with their taxes increasing. Taxing the wealthy is really just PR to get buy-in from the masses.

If you are a wealthy business owner most of your expenses are covered by your business. Your car and most of it’s expenses are covered by the business. Most of your travel expenses are covered because you find some way to make it business related. If you eat out, you invite a customer or partner and make it a business meeting. The only personal expenses that you should have are your mortgage, groceries, some clothing, and not much more. Businesses pay for expenses before they pay for taxes, so expenses are effectively tax deductible.

Since you have very few personal expenses, there isn’t much use is paying yourself a large income. If your personal taxes go up, you adjust your income so that you can maintain your level of available cash.

The business deals with it’s taxes differently too. Taxes are dealt with like any other expense. They are forecasted. If taxes are going to go up, then the business figures out how to minimize the expense and then make sure that there is enough income to cover it.

That’s a whole lot better than being on a W2, isn’t it? If you have a job and your taxes increase, you can’t easily go make more money to cover it.

How would you like to own a business of your own so that you can take advantage of the tax laws and legally make some of your expenses tax deductible?  You could start a business today in network marketing if you wanted to. Take a look at my website to see some of the benefits of starting a business in network marketing with Nikken. You can go straight to my Nikken site to see the specifics of Nikken and start your business. Also feel free to leave a comment or contact me.

Wayne Woodworth
Soon to be wealthy network marketer

  • Digg
  • Facebook
  • Twitter
  • StumbleUpon
  • Delicious
  • Share/Bookmark

Tags: , , , , , , , , , , , , , , , , , , , , , , , ,

Comments

Tired of the Pre-Launch Nonsense

Have you seen all this stuff in your email and on Twitter about all of the new MLM companies in pre-launch? The Trump Network, Evolv, and YOUnique Wealth are three of them that I know a little bit about. Pre-launch means that these companies haven’t officially launched yet, so they are untried business opportunities with untried products.

This all makes me so glad that I’m with a time-tested company like Nikken that has been around for 35 years. When I started my business 3 years ago I knew that I was promoting a product with an established track record of helping people get real benefits.

Most of the new business opportunities that I have heard about in the past 6 months or so are selling new nutritional products, and they all say that they are going to revolutionize wellness. The reality is that some of them will stick and others won’t. The biggest challenge that these companies will face is that there are so many other nutrition-based network marketing companies already here, and more entering the game all the time. Nikken has an organic, wholefood-based nutritional line that I think is excellent. I don’t put a lot of effort in marketing it though because the nutrition market is so flooded with other products, and it isn’t what makes Nikken stand out anyway.

If you are looking to start a new business, you will have more success with a company with something unique, something that stands out from the crowd. Don’t get me wrong, I like nutritional supplements and I think they are absolutely critical, especially with all of the noise going on about the various flu strains running about. No matter what they say about it being new and revolutionary, a new nutritional drink is still a nutritional drink.

If you want a business that has withstood the test of time and does stand out from the crowd, take a look at Nikken. There isn’t another company like them.

Wayne Woodworth

  • Digg
  • Facebook
  • Twitter
  • StumbleUpon
  • Delicious
  • Share/Bookmark

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Comments

A Better Way to do Opportunity Meetings

If you are in network marketing then you were probably introduced to your business opportunity through either an in-home meeting or hotel meeting. It is the standard, old-school way to do it and your upline probably still insists that it is the best way to do it.

Personally, I think the internet is a much better way to reach a much wider audience, but in-person meetings still have their place and there is a better way to do them. Your upline will probably hate the idea, and that’s probably a good thing.

Instead of the usual, boring opportunity meeting, what if you invited people to a game night? People like to play games and don’t usually make the time in their everyday life, so it is already an appealing offer. They are fun, people get to socialize, laugh, and release stress. Inviting people to your game night is a whole lot easier because you don’t get as much rejection. The focus of your event has changed to something that your prospects are interested in and your opportunity takes a secondary focus. When people have fun and get actively engaged in an activity they are more open to what you offer afterwards.

If you have read some of my other posts then you probably know that I am a big fan of Loral Langemeier. You should be too. The game that I recommend for your game nights is Loral’s Millionaire Maker Game. The easiest way to describe it is as Monopoly on steroids. It is both fun and educational.  I recommend it as a replacement for your opportunity meetings because the entire point of the game is to build what Loral calls a Cash Machine. For the entire hour of game play your prospects are learning that building a Cash Machine is the best, fastest way for them to make money.

After the game is over, everyone is actually looking forward to hearing about your opportunity. They understand the value of having a Cash Machine, so now you can offer them one in the form of your business opportunity. It’s a beautiful thing.

There is an additional benefit to hosting a Millionaire Maker Game night as well. Have you heard of monetization, or a funded proposal? They mean that you make money while prospecting, paying for your marketing as you do it. Become an affiliate with Loral Langemeier and  you can sell her books,  CD programs, and the game itself at your game night. This gives your prospects something to take home and further get involved in the idea of building wealth, and makes you some money on the front-end to cover your costs. Now all you have to do is follow up with them.

Wayne Woodworth
A fan of the Millionaire Maker

PS. If you are interested in becoming an affiliate for Loral Langemeier, let me know in a comment and I will get you in touch with the right people.

  • Digg
  • Facebook
  • Twitter
  • StumbleUpon
  • Delicious
  • Share/Bookmark

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Comments

Is Network Marketing a Viable Business?

Is network marketing a viable business to build and live off of?  Of course it is and many people do.

I have made it very clear to my friends and family that I will quit my full-time corporate job at the end of October to go full-time with my network marketing business with Nikken. It turns out that they didn’t believe me and now that it gets closer they are starting to question me on it.

My father attacked my plans pretty aggressively calling network marketing a pyramid. I was surprised by this coming from him since I have been talking about my plans for a few months already. So, I had to answer the pyramid question again. First of all, Nikken doesn’t qualify legally as a pyramid because I don’t make a penny to recruit people. I only make money when product is sold. As far as the actual structure is concerned, a corporation like he works for and I currently work for is more of a pyramid than network marketing.  In the corporate world I cannot advance up the ladder unless there is an opening available.  In network marketing my rank advances solely on my efforts and doesn’t depend on openings above me. In another perspective, I am a business owner and therefore already at the very top of my company and Nikken is just my supplier.

A friend also called my plans into question. Again, I have been talking about this for a few months and for some reason he responded like this was brand new news. This friend started talking about the security of having a job and having good benefits.  As everyone knows, a job no longer equals security. Companies have been cutting benefits regularly over the past few years to deal with rising health care costs and recently cutting people to deal with the economy. This has been a boon for network marketing recruiters because some of these people who have lost their job are now joining network marketing companies in the hopes of never having to go through unemployment again. There is much more security in having your own business and taking control of your own financial future. He did get one thing right though. A job is very low risk and with low risk you can expect low returns.

I have learned that if you have plans to outgrow your current position then you either need to keep them to yourself or only share them with people who you know will support and encourage you. Another good idea is to increase the amount of time you spend with people who are already where you want to go. With that in mind, I bought plane tickets and made hotel reservations to spend another three days with Loral Langemeier and her team in Chicago for the next Cash Machine Workshop. If you have aspirations to take control of your own future then I would love to see you there. I will be one of the guys wearing a black “staff” shirt. I paid for the first Cash Machine Workshop I went to and it was worth every penny.

Wayne Woodworth
Don’t let other people’s expectations for you hold you back.

  • Digg
  • Facebook
  • Twitter
  • StumbleUpon
  • Delicious
  • Share/Bookmark

Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,

Comments