Rich People Build Networks! We Can Too!
We all know some famous rich people who have become wealthy as a result of the network they built. We know Bill Gates (Microsoft), Sam Walton (Walmart) and Jeff Bezos (Amazon).
Robert Kiyosaki’s Rich Dad had a hero who became very rich by building his own network. This man is better known for the product he perfected, but really became rich because of the network he built across the world. Even today, many of us think Thomas Edison invented the light bulb, but in actuality he only improved and perfected the light bulb. His true stroke of genius was to create a company 
that strung electrical lines that allowed the light bulb to penetrate society. His network made him, Thomas Edison, a multimillionaire!
Most of us are not a Thomas Edison, a Bill Gates, a Sam Walton or a Jeff Bezos, but we want to create the same wealth for ourselves. Robert Kiyosaki in his book The Business of the 21st Century, makes the valid point (his Asset #4, The Power of Your Own Network, that you gain from Network Marketing) that Network Marketing offers millions of people the opportunity to build their own network and create the same wealth created by Thomas Edison and the rest of the famous multimillionaires!
Rich Dad said “The richest people in the world build networks. Everyone else looks for work.” (I’m guessing they are looking to work for the owners of the networks.)
This leads to a little history of the progression of the business model that Robert offers:
First we had the classic Industrial-age model that was run like an empire with a centralized government. (Example: GM) Only the owners benefited from the wealth created.
Then in the 1950′s, a new model was introduced that nearly was voted illegal by Congress. That model was the franchise that used a network of multiple businesses all working from the same blueprint. Here the franchiser is the owner of the network and therefore the franchiser is the main benefactor, not the franchisee. (Example: McDonald’s) Dave and I know this well with our franchised business we bought in 2004. (No, it wasn’t a McDonald’s franchise)
The next step in networked businesses first began in 1960, grew more in 1970′s and 80′s and is still growing very strong today. Instead of franchised businesses, this model employed franchised individuals who own their own network. This model is network marketing. Here, all owners of their own network can create their own wealth. Dave and I are so happy to have discovered this business model and to now own our network.
Of course, the key is to build your own network. It doesn’t happen just by joining a network marketing company, you have to work to build it. Luckily, we have Metcalfe’s law to help us in that endeavor. I’ll tell you more about this in my next post as I continue to give you all the value that Robert provides in his chapter called “Asset #4 – The Power of Your Own Network” in The Business of the 21st Century.
Please comment below and tell me how excited you are to have the same advantages as Thomas Edison and Sam Walton, and how strongly you are committed to creating that same level of wealth for yourself.
I hope you can see that being the owner and builder of your own network is so much better than spending your life working for someone else’s network. If you have any questions about network marketing, please feel free to leave a question and I’ll get you the answer.
Dawn. Excellent post. My network is my most valuable professional asset. It has enabled me to build my business, meet extraordinary people, and participate in new ventures, events, etc. that would of never crossed my desk. Since one can never finish building their network, it is something I spend time on every day. Thanks again for the post.
Great post Dawn! Excited?! You got that right
I sacrificed myself and my family wasting 16 years in “corporate America” building equity for somebody else until I finally woke up – nothing beats building your own network and creating equity for yourself and your family while helping others do the same. That's the beauty of the network marketing industry – it levels the playing field. Anyone who is willing to put in the effort necessary and stop at nothing but 100% success can do it. Gotta love that! Thanks for all that you guys do!! To Your Success, Laura
D&D,
I LOVE Thomas Edison example (especially as a former engineer)! It truly IS about the network and the connections. I KNOW electricity exists (to continue the metaphor) but it doesn't really matter unless I turn on the switch, the light won't go on.
Thanks so much,
Adam
Dave and Dawn,
It's always good to remind us of the beginnings of this business model. Any business is totally based on personal connections. This has been lost some by the big box chains. What a cool place to be, where we connect, learn & share together!
Val
It's always great to think about the beginnings. I think the wild thing is that most Millionaires were made during economic downturns. Which we are in right now. So, one of us will be the next big thing.
Hi Dave & Dawn,
Great post! It is about the network, the bigger your network, the faster your business will grow. Awesome power in the simple things.
All the best,
Alan
Hey guys, it's amazing how many people think they can just join a company and their network will be built for them. It takes many years of dedication, hard work, learning, trial and error until eventually you succeed!
I am strongly committed to creating massive wealth. I know it's all about learning, returning and earning and the more I learn, the more I can teach and earn.
Thanks Dave and Dawn!
I really believe we are in time were people are more open and willing to embrace the idea of attaining wealth through networking.
Dawn,
We agree that having a network of people (relationships) is essential to any business. Yes, a few may succeed by doing it all alone, but that is rare. It is through relationships, support and sharing that we can all succeed.
Thanks,
~ Pat and Lorna
http://TheCoolestCouple.com
Hi Dawn.
Thomas Edison is one of my favorite examples of success and effort for succeeding. We don't live too far from his actual lab here in NJ. It's interesting to see. I really think network marketing is the way of the future – the new economy and I agree with everything you said. These posts you're doing are very informative. Thank you!
Hi Dawn,
Your network is probably one of the greatest asset a networker has. The president of our primary company is a Fortune 10 executive who was with a very large well known, multi billion dollar food company for over 30 years. He created a corporate training strategy that is used in corporate America by top CEO’s and their VP’s. His Rolodex is unbelievable. He brings those connections to our company and has been able to accomplish things that Larry and I have never seen before in an MLM from the corporate side in our 20 years. So who you treat well and build your network reputation with serves to not only follow you, but can impact thousands of OTHERS as well.
Thanks Dawn!!
Laura Morris
Larry and Laura Morris recently posted..Tapping Into The Power of Your Mind
I teach networking to small business owners (a small portion of whom are network marketers but most are traditional small business owners) and so I certainly agree that there is power in the network. But it is a widely misunderstood power. Hopefully as time goes on we will have networking taught in schools because it takes awhile to learn how to be a good networker and apply your knowledge to a system. Good article.
Hi agree with your article. On the other hand thank you for unshared.
This is a great article Dawn! As a matter of fact I remember the story of KFC. Now if he can get rich from selling chicken then it’s obvious that anyone can do it
thanks for sharing a different point of view of networking!
Take Care
Sherman
Sherman Smith recently posted..How Network Marketing Compares To Traditionally Ways to Make Money
very helpful article, it inspired me and i’m sure others also. there are a lot of stories untold of people from rags to riches. and i hope they will be made known to all and serve as an example for all of us.
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It’s always great to think about the beginnings. I think the wild thing is that most Millionaires were made during economic downturns. |
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Business growth has always been tied to networks and always will. Now if some of these big chains would remember this fact.
Growth is not about the product or service we provide, it’s about our personality, people buy US before buying a product.
Excellent metaphor with the example of Edison not only becuase he was not the one to invent the wheel but also beciase it is always about connection sand how we connect to others.
Thanks Dawn for this precious reminder.