There’s 8+ Assets You Gain Thru Network Marketing – Here’s #1
Are you ready to begin to learn the assets you gain by developing a network marketing business? Ok, great! Then we’ll start slowly so we can fully understand and take advantage of each asset.
Robert Kiyosaki identifies and lays out these eight assets plus some other excellent advantages in his latest book – The Business of the 21st Century.
Network Marketing is Not about Making Income
Let’s start out with a profound statement made by Robert “Network marketing is not about making more income; it’s about building an asset.” Now this is not how most people think at first. As we begin, we are only focused on bringing in more income. But that is short-sighted. Rather we need to think like Big Business owners and think about the income-producing asset we can create by building our network. As we recruit people to build their own Big Business, we create an network of big businesses that generate passive income for us. It’s passive income since our team has made the sale that created the income that we have received. We did not have to make all those sales ourselves, therefore, the income is passive.
The #1 Wealth Building Asset – Real-World Business Education
Now to begin to look at the 8 assets that you gain from network marketing, I’ll cover #1 in this post and the rest in future posts. Robert’s #1 Wealth Building Asset earned through your network marketing business is a real-world business education. This education is not learned in schools, colleges or trade schools. This business education is not learned by employees because they have no need to use these real-world business skills! These skills are what allow big business owners to create a strong and successful business.
Your Real-World Business Skills
Here’s a list of the important skills required for a big business that are learned by a network marketer:
- Ability to get organized and set your own agenda
- Having a vision
- Setting goals
- Organizing a plan of action
- Managing your time
- Executing a clear plan
Your Tax Advantages Education
Your real-world business training, according to Robert, also includes the tax advantages that come from owning your own business. These are the same tax advantages that rich use to greatly reduce their taxable income.
Here’s a list of the new tax deductions you can likely take with your network marketing business:
- Home office deductions
- Auto/Gas Mileage
- Home computer
- Internet and Telecom
- Travel, dining, hotel
- Personal product use
This list are just a few examples of things you already pay for that may become legitimate tax deductions once you begin your home-based network marketing business. Note: This list is for illustrative purposes only; for tax advice for your situation, consult your tax professional. You’ll be glad to know that the cost of the services of your tax professional are also deductible business expenses.
Your Life Skills Education
Rounding off the real-world business education that you will receive through network marketing are some critical life skills that will assist you in all areas of your life. Some of these life skills would not be learned in any other way.
Here’s the list of life skills learned through your efforts in network marketing:
- An attitude of success
- Dressing for success
- Overcoming personal fears, doubts and lack of confidence
- Overcoming the fear of rejection
- Communication skills
- People skills
- Time-management skills
- Accountability skills
- Practical goal-setting
- Money-management skills
- Investing skills
Isn’t that an outstanding list? My favorite is 4. Overcoming the fear of rejection since this fear keeps me from enjoying so many other areas of my life as well. In network marketing, we all know that rejection is so prevalent that if you stick to it, you’ll come to expect and accept rejection and allow it to keep you motivated to keep asking. I loved Robert’s story in his book about how his lack of fear of rejection allowed him to pursue a date with his wife after she rejected him over three times. So it is easy to see how these life skills help you in your personal life as well as your business life.
Start Earning While You Learn
And here’s Robert’s last point on how networking marketing can provide you with this real-world business education. This point is a common expression in network marketing – “It’s a business where you earn while you learn.” You learn by doing it and you can start doing it from the very beginning since the training begins on day one.
I give my thanks again to Robert Kiyosaki for solidifying our decision to develop a network marketing business by sharing this #1 Asset gained through network marketing!
Does this make sense to you? Do you have any questions for me? If so, please leave your comments and questions below.
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Dawn, these are exactly the reasons I got into a MLM Biz Opp. That's for jogging my memory and helping put me back on track – some times you can get a bit discouraged or unfocused if you know what I mean.
Hi Dawn,
This is a great, informative post. I like the way you outlined the areas you learn in network marketing. It really is the best business to be in. Thanks, looking forward to more.
Dawn,
I'm new to network marketing and love the tips you give here. It is a different mindset: not about the income but about building an asset. I like the concept that it is about gaining a real world education, and you can't go wrong with learning while you're earning.
Thank YOU for all your help. It's obvious from your posts that you're knowledgeable and sincere in helping us newbies.
I'm grateful we've met through TSA.
Can't wait to see the next post.
Jennifer
Dawn, What a powerful way to view a network marketing business, as a real world education where you develop practical life skills that will help in all areas of your life (like people skills, overcoming fear of rejection, goal setting and money management) with some tax advantages thrown in.
Erica
Thanks, Dawn, for taking the time to begin introducing people to this incredibly powerful book.
Great post Dawn!
The skills you gain from having your own network marketing business is priceless.
It builds value in your #1 Asset – YOU.
Love Robert Kiyosaki's quote “The world's most successful people look for and build networks while others look for work.”
I highly recommend the industry for the mentoring provided and the leadership skills you gain. Nothing shows leadership as much as leading a volunteer army not by position but by choice.
To Your Genius,
Eiji
I cannot even begin to list the things I have learned about myself and others since I started in network marketing. I totally love this industry and love being around other network marketers. Thanks for sharing Kiyosaki's views on this industry. My husband and I both have really enjoyed his books.
Hi Dawn,
I am brand new with TSA and been checking out everyone's blog.
This is a great post and I really enjoy all of Robert Kiyosaki's work.
I have to agree with you and the views on network marketing, we are
unique people and we do something not everyone wants to do.
Our advantage as home business owners is the exposure we get to skills that most people will never be exposed to. Like the Real-World Business Skills, a Tax Advantage Education, and the Life Skills Education. All of them
put us ahead of the game in business and in life.
Great article, thank you for sharing.
Tommy D.
MLM Prospecting Hero
Dawn,
Thanks for sharing , I have been a fan of Robert Kiyosaki since i was in college!!! Fear of Rejection, i threw that out the window after my first sales job and never fear it but instead enjoy building relationships and not giving up..
Always excellent stuff when I visit your site. It all makes sense. It used to be that to benefit from a business you had to have a store front. Now we can get a business license, join an networking team, and have a great income from home, with the benefits that you mention. One of my friends retired and now has a full-time income with a travel website. The great thing is that those instances are not rare!
–Mario.
Learn as you earn, I like this other wise it can seem a bit overwhelming at first. I love the business model of Network marketing the cool thing is anybody can have a great business if they apply the principles set forth in your post!
Debby
I liked your comment about building assets. Assets of people and money. Everyone helping each other to build more assets. Great post.
Michael
I loved the comments about building assets. Assets of money and people all helping each other to build more assets. Great post.
Michael
Hi Dawn,
Thanks for the valuable information! Robert Kiyosaki is one of my favorites…Now I can't wait to get his latest book!
MaryKay
Hi Dawn,
A very informative post.. I'd never heard of Robert Kiyosaki so I shall look him up. You're right about building the asset though. I think it's really important when you're providing service that you don't get suckered in to just counting the cash.
Incidentally, regarding network marketing, it's something that's of interest to me, but I don't feel I've found the right vehicle yet. I'm open to suggestions!
Thanks again,
Andrew
Thanks Dawn for put this in an easy reading post. Got an Gift Certificate in my wallet for Barnes and Noble which after reading this I am heading out immediately to use to but Roberts Book. Thanks for a very valuable posting.
Dawn,
What a great post. Have been putting off getting the new book of Robert's. Love to share this post, “earn while you learn” is such a strong reason to be in network marketing. Thanks rebecca russell
Hi Dawn,
I think my my difficult hurdle was #3 (yet #4 wasn't far behind). I have learned quite a few, what I consider to be very valuable business things through Robert & he's also one of my favorite business guru's ~ especially for Network Marketing! Thanks so much for sharing
Christine