Duplication is something that is very important if you are in the network marketing business. Some people find it hard to duplicate themselves, so I found an article that really explains the power of duplication and just how to do it. I hope it’s insightful to you!!
To share the true power of duplication, we will use a simple example, one that has been used for years to highlight its true power. This example will start with a single penny. This penny has the ability to duplicate itself every day, thus creating more pennies that have the same ability. The question becomes how much money will these pennies equal to after 30 days? 30 days of duplicating each other.
Starting at 1 penny on day one, then 2 pennies on day two, 4 pennies on day three, 8 on day four, all the way up to day thirty, the pennies equal to a staggering $5,368,708! All from 1 penny that duplicated itself for 30 days!
DUPLICATION, THE MLM INDUSTRY AND YOU
The penny example that was just used is of course only a theoretical example, one that is used to highlight the power of duplication as well as compounding interest. But what if there was a way that you could duplicate yourself, and one that allowed you to make money on that duplication? This is where network marketing gains much of its earning power from, duplication!
When you start with a MLM opportunity you have just duplicated the individual who sponsored you. They will then teach you the skills that you need to duplicate their successes so that you too can be successful in sponsoring others into the same MLM opportunity. From the support that you receive you will then be able to start to duplicate yourself each and every time you personally sponsor a new distributor or associate into your organization.
As you were trained, you then train those new distributors / associates with the skills that they will need such that they will be able to duplicate your successes. Very quickly from you sponsoring 2 people, who each go out and sponsor 2, who then each sponsor 2, your group very quickly turns into a team of 14 distributors / associates plus yourself. It doesn’t take long before your organization is duplicating itself over and over again, whether you are actively working with them or not. What you have created is the penny that has the ability to duplicate itself every single day!
DUPLICATION EQUALS BIG IN MLM
Many will say that in order to make any substantial money in the MLM industry you have to have large groups. These groups are difficult to build and only those that get in at the ground floor can make it work. That is one of the biggest myths about MLM as we just highlighted above.
There is no question that you need to have an organization that is consistently selling product and thus generating business volume. What you need to understand though is that you will not have to do it on your own. As you can see from the information on this page, you will use the power of duplication, along with leverage to build your group in size. Done on a consistent basis your successes duplicated throughout your organization, in a relatively quick time frame, you will start to generate a residual income.
The amount of that residual income will be based on your group size and your compensation plan. Want to earn a larger residual income? Then continue to work with your team and increase the frequency in which your penny duplicates!
Article courteous of Engineered Lifestyles.