INSIGHT: What Is Your Economic Value?

Economic value is an important term with regards to any business and building wealth. Understanding this value will ultimately show you why you should establish a strong network of customers and potential customers for your business. Robert Metcalfe, co-inventor of the Ethernet in 1973, suggested the value of a network of computers was a function of the number of nodes, or members, connected to the network. Metcalfe later formulated his theories on network growth into Metcalfe’s Law.

For the network marketer, such as myself, his law is important because it illustrates the power of a network of motivated entrepreneurs to create significant income from group sales volume. Here's how a standard business model works with no networking involved: As with any business, for each customer you serve, you receive so much in return. Your economic ratio is 1 : 1. If you serve two people, your economic power or value is 1 : 2. The first number in the ratio is you (your business) and the second number is your customers. If you have 100 customers, your ratio is 1 : 100.

Ultimately, there is a limit to how many customers you can find and serve. You are only one person and you can only serve so many people in a given day. In network marketing Metcalfe's Law of Networking says that your economic power or value is the square of the number of entities (people, customers, or businesses) in your network. So, when you start your networking business with Qnet, your economic power is 1 : 1 squared or 1. That's why in the beginning, you appear to not make a lot of money or have a lot of economic pull. The growth of your network is like the proverbial rocket ship leaving the launch pad. Your progress is slow, lumbering, and sadly, precarious. It’s easy to quit at this early stage and hard to see the potential for making money.

As your network grows, so does your economic value. Economic power is the potential amount of money you will receive from your network. If you have 2 people in your network, your economic power is 4 (1 : 2 squared equals 4). That means, instead of having just 2 potential customers in your network, you have 2 more because of the network each of your two has. As your network grows some more, say you have 10 people in your personal network, your economic value now turns to 100 (1 : 10 squared equals 100.) So, instead of just having 10 people paying you money, you potentially have 100 people paying you from the people within your 10 personal referrals within your network because each of those 10 have the same 10 referral potential you have.

INSIGHT: Leveraging Power, Are You Using Yours?

There are several lessons i have learned during my time in this business and today i would like to share one such lesson with you. The network marketing industry has taught me how to leverage my time by working smarter, not harder! I also learnt that time is the most valuable commodity I have and if I valued each second and invested it wisely, I would master skills which would be valuable to the marketplace. My mentors have taught me how to leverage my time. All successful people leverage time and that is why they have freedom, freedom to do what they please. Once you learn how to multiply your time through the power of leverage, you too can attain the same freedom.

How much time can you save in a day? No matter how motivated or educated you are, you, like many of us, still only have 24 hours in a day, so how can you use those hours to get so much more output than the average person? Leverage, to be more specific, time leverage. Successful people do not think in terms of saving time. They think in terms of leveraging time. In other words they are constantly looking for better answers to the question: "How can I get better productivity in each 24 hour period?" This is the essential question that you need to answer in order to discover how to best leverage your own time.

This post you are reading now is a perfect example of how i leverage my time. It requires only a small amount of time for me to write and because it is published on the blog, hundreds of people will read the post. If I were to teach what is in the post to each person individually then it would require months of my time, yet I achieve the same teaching in the short time it takes to write the post.

Time is not only the most important resource, but it's also the most limited resource. We all have only 24 hours in a day. No more, no less. The greatest technique to riches followed by the crème-de-la-crème has always been the concept of leverage of time. Since time is limited and we cannot duplicate time, it is important for you to know how to leverage your time and money by duplicating yourself. Duplicating yourself simply means teaching someone else to do what you do. When the two of you each teach another person, you "duplicate yourself" again. Over time, this process of duplication becomes automatic and "self running". This is what you want and when that happens, you can decide to reduce your efforts, thus freeing up more time for you!

9 Points To Consider Before Joining Qnet

A lot of people keep asking me "Should I start a Qnet business? Is it really worth the risk and time involved?” Well, my answer to them is simple. I just turn things around and ask them these 9 questions.Take a shot at it and see where you stand!

1. Do you absolutely love what you’re doing right now for a living?

    If you’ve answered YES, then you’re probably not cut out for the Qnet Business.
    If your answer is a shrilling NO, it’s a good starting point.

2. Do you really look forward to Monday mornings?
    If you’ve answered YES, Qnet business may not be for you.
    If you’ve answered NO, you’re on the right track.

3. Are you living a lifestyle NOW, that you feel will inspire your children, assuming you have or ever will have kids?

    YES? Then you probably own some sort of  business already.
    NO? If you really want to set the right example for your kids in terms of living that dream lifestyle, let it start with you.

4. Are you OK with doing the same thing what you’re doing now to earn money for the next 20 years?

   YES? Good luck and know that many people envy you because most people hate their jobs.

   NO? you need a home based business like Qnet as soon as possible.

5. Are you OK with always asking someone permission to do the things you want; like taking a vacation, spending time with your family, attending a wedding or some function, etc.?