MLM Get Paid Today G.P.T. Concept
by Chuck
(MD)
I first learned about the MLM Get Paid Today concept in July 2009. It was at this point in time that I first read Mike Dillard’s Coffee House Letter. The philosophy behind the Get Paid Today concept is that most people who join network marketing companies quit within 60-90 days. This means that your chance of building a significant residual income in a traditional MLM Company is highly unlikely.
In many cases, you only earn $5 to $15 per month in residual income from each person you sponsor. So, if they only stick around a couple months you won’t make more than $15 to $45 in commissions off each person you sponsor. Anyone who’s been involved in MLM more than a few months can probably relate to that.
The Get Paid Today concept was created to make as much money as you can off each person on the front end of your business. This puts money in your pocket today, rather than hoping or relying on residual income. Fortunately, there are several ways to do this. I will cover more on each method below.
1. Promote a Top Tier MLM Company: A Top Tier MLM Company is a MLM Company that pays you more than $500 per sale in upfront commissions when you sponsor someone. This puts immediate money in your pocket today and is much more lucrative that sponsoring someone in a traditional company and making $20. Does that make sense?
2. Sell an Information Product: Without a doubt, selling information is a multi-billion dollar business. I learned from Mike Dillard that people would rather pay to learn how to do something, rather than go out and actually do it. That is definitely true in our industry. That’s why you can make good money selling eBooks, DVDs, training courses, webinars and other info products. Best of all, you can sell other people’s products, so you don’t have to create your own products.
3. Sell Coaching Services: If you are good at blogging, website design, pay per click, online advertising, auto-responders or a variety of other things, you can sell coaching services. People will gladly pay to learn what you already know.
4. Sell Leads: Selling leads is such a simple way to Get Paid Today. You can partner up with a lead company as an affiliate and recommend leads to people in your downline. Or, if you are good at SEO, you can generate your own leads and sell them to team members.
The most successful network marketers typically have at least 3-5 income streams, in addition to their network marketing company. They often sell tools, leads, and coaching. In many cases, the money they earn from these income streams is significantly higher than the money they make with their MLM Company. Does that make sense?
If you are serious about your business, you must take a similar approach. Remember, it takes most top earners minimum 3-5 years to build a significant income with their MLM business. If you don’t have other revenue streams while you build your business, you are leaving a lot of money on the table. Plus, you need a way to make money from the people who don’t join your business. After all 95% or more the people you talk with will not join your team.
In conclusion, the Get Paid Today Concept is vital for your financial success in the network marketing industry. In order to take advantage of this concept, you need to join a Top Tier MLM Company, or you need to sell leads, tools or coaching, in addition to building your downline. In both examples, this puts money in your pocket today, rather than waiting on residual income. Best of all, you can do this while you build a residual income. Talk about the best of both worlds.