If you are wondering what Donald Trump has to say about network marketing then this is for you.
50 years ago network marketing was associated with people who were desperate about making money and the industry did get a bad name.
Today people are now realising that it is not only a viable business model but it is being recommended by the top business leaders all around the world.
These include Donald Trump, Richard Branson, Robert Kiyosaki, Darren Hardy, Jim Rohn, Stephen Covey and T harv Eker.
In the book “why We Want You To Be Rich by Donald Trump and Robert Kiyosaki, the authors have an entire section dedicated to network marketing.
Trump even started his own network marketing business called “The Trump Network” but unfortunately due to whatever reasons the company was unsuccessful and is no longer running.
Donald Trump on Network Marketing
This section is an excerpt from Robert Kiyosaki’s and Donald Trumps book “Why We Want You To Be Rich”.
“Marketing is a powerful tool and network marketing can increase that power provided you are motivated.
In simple visual, see a product and remove the advertising agency from it. It’s up to you to do the marketing and advertising.
That’s a big job but it can be done if you’re passionate enough to get going on your own and to keep the momentum and motivation going at a high level.
It requires an entrepreneurial spirit and that means focus and perseverance. I don’t recommend network marketing to people who are not highly self-motivated.
Another important aspect of network marketing is that it’s inherently social so if you’re not a social or outgoing person I’d think twice about going into it. Sociability is a requirement.
Just like in advertising there is no point in having a fantastic advertising campaign if the product is an equally fantastic. Also keep in mind that if you do decide to become a distributor you’ll be legally responsible for the claims you make about the product the company and the available opportunities.
But above all make sure the product is worth your energy and total devotion otherwise you could be energetically spinning your wheels.
Robert Kiyosaki mentions the importance of going beyond your comfort zone when it comes to network marketing. He also mentions giving yourself enough time. These are good points to consider I agree that leadership qualities are critical for success. You definitely have to have a take charge can-do attitude.
As with any other undertaking, know everything you can about what you’re doing before you begin. Network marketing has proven itself to be a viable and rewarding source of income and the challenges could be just right for you.
There have been some remarkable examples of success and those successes have been and through diligence enthusiasm and the right products combined with timing.
As with so many issues there are tangibles and intangibles involved but success is not a total mystery and that applies to network marketing as well.
Most people have heard of focus groups as a research tool advertising agencies use. When they’re testing out a new products they go to different locations and simply ask every day people what they like and what they don’t like about a new product.
Just because you like it doesn’t mean everyone else will. Finding a common denominator in a product appeal will matter.
My advice about network marketing is to do your research and put everything you’ve got into your product. Genuine enthusiasm is hard to beat and the odds will be with you.”
1. Tax Breaks Increase
By starting a network marketing business in your spare time and keeping your regular job you begin to gain the tax advantages of the rich. A person with a part-time business can take more tax deductions than employees can. For example you may be able to deduct car expenses, petrol, some meals and entertainment. Obviously you need to check with your CPA for exact rulings on your situation but the cost of your CPA is also tax deductible.
2. Meet Like Minded People
When I first started out, most of my employee friends thought I was nuts. They could not understand why I did not want the steady job or steady pay cheque. So one important part of becoming a business owner is to surrounding yourself with other people who are business owners and we want you to become business owners.
3. Give Yourself Time
It takes time to be successful in any of the four quadrants. Just as it takes time to climb the corporate ladder as an employee or become a successful doctor or lawyer in the self employed quadrant. It took me years before I built a successful big business so give yourself time. I’d allow at least five years to learn and develop into a B quadrant person.
4. Network Marketing Companies Are Patient
One of the beauties of a network marketing business is that it will invest in you even if you’re not successful. In the corporate world if you’re not successful in six months to a year your often fired. In the network marketing world as long as you’re willing to put in the time most companies will work with you in your development. After all they want you to get to the top.
5. Leverage The Systems Already In Place
These systems are already tried and proven which allows you to hit the ground running instead of trying to build the internal system of a brand-new company. In general, it costs a lot less to get started in a network marketing company and to build your own business from scratch.
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How To Get Started In Network Marketing
The network marketing industry is now being recognised by top business leaders in the world like Donald Trump. As you saw earlier when Donald was asked what he would do if he were to start all over again he said. “I would choose a good network marketing company and get to work”. If you would like to start and own your own successful network marketing business then simply click the button below now.