Here is one reason why we build teams in IMG to be able to harness the full potential of our million peso business...
This one is again from T Harv Ecker, a well known author of the Millionaire's Mind... Read on...
"Can you make it on your own in business, and be outrageously successful? Heck yeah! Don’t let anybody tell you any different.
You get so much more done with teams, though, and the more people getting more done, the more fun it’s going to be. How fun would it be to play volleyball when it’s two of you against five people on the other side? What if you could have as many people on your side as possible if the rules allowed it? Would you do it?
In sports, there are strict rules to follow in terms of how many people are allowed on your team, on the field, or on the disabled list. In business, you can team up or manage or contract as many people as you see fit. For goodness sake, why would you want to go at riches alone?
Again, you can make it on your own. I made it on my own. The only distinction is to what level you can get rich on your own? In my experience, you can get a little past mediocrity and that’s about it. I’ve tried it several different ways, and trust me, putting a team together—especially as far as my own staff—is not my favorite thing in the world. But when it comes to what’s easier, it’s not even close.
If you want to get rich you will need help. You will need support. It’s a matter of energy. A lot of money takes a lot of energy! Will the wealth you want take the energy of one person, five, or 10, or 50 people?
At the beginning there’s a good chance you’ll have to do most everything yourself. However, the intention is not to just create a short term working income. The intention is for you to … say it with me … create passive income and increase the value and worth of your company!
Therefore you literally have no choice but to bring on people so the business can work without you and grow to its fullest potential.
I hear it all the time; a single business owner will say that they’re not sure that they can afford to hire an administrative assistant. Really? Once you’re up and running and have a little bit of a sales system going, you cannot afford not to hire one.
The idea is to use your strengths and delegate your weaknesses to someone else who is strong in that area. If you are handling the administration of the company and you could hand it off to somebody else—and double the time you have for marketing—what would that do to your bottom line? Even if you’re not the best at marketing and sales, lending a hand and focusing on getting and motivating the people who are good at it can make a big difference too.
Now it’s your turn! Tell me your stories of the power of having a great team, and what it’s meant to your energy level if not your bottom line. Next week we’ll talk further about the role of team in building a financial bank machine for your future convenience!" by: T Harv Ecker
In IMG, this is precisely what we teach and what we want our associates to achieve. Work with people, build teams so you can earn big money which in turn you can invest back to MUTUAL FUNDS and STOCKS which in turn would earn money you can again invest back to MUTUAL FUNDS and STOCKS.. in short build teams so you can earn big and create "automatic money machines" from the power of the team and not just one single person YOU... God bless!
Friday, July 16, 2010
Monday, July 12, 2010
Re-Post from T Harv Ecker- "Price is Right"
"The names get called out, excited people jump out of their seats and clamber down the stairway; each time with that familiar voice screaming, “Come on down! You’re the next contestant on The Price Is Right!” Anybody who has been home sick from school, work or just had a day off within the last half 25 years knows what I’m talking about.
It’s too bad, though, that a lot of business people and entrepreneurs don’t realize the power of pricing within their success strategies. Their impulse is to sell more of something at a cheaper price under the pretense that people want cheaper products, yes?
True enough, but let’s take institutional brands like Wal-Mart or Home Depot. Who sells cheaper than them, and who competes? In our march to millions, we want to dream big but not start out swimming upstream against whales. Home Depot can lose money for years in a row but its owners will barely feel it. Most business people aren’t in that enviable position. If that were you in your business, you’d be feeling those losses alright.
Which is why as a growing or start-up business, you want to play where the big kids aren’t playing— niche markets with specialty products and/or services that certain people are willing to pay more for—certain qualities and customizations that you multiply but others aren’t doing. No matter what the economy, there are people out there who care about certain things and are willing to pay more for them because it matters to them.
Rich business people understand the true meaning of the Price is Right: they offer higher ticket items! Poor business people tend to offer low ticket items. People always think that if the item is cheap enough they’ll sell millions.
Don’t get me wrong. Selling $20 dollar items to one person at a time does make sense if that one person is buying 10,000 units off of you. Not saying everything you have has to be at a higher price, because sometimes it’s a good idea to have a lower price on some entry level products and then offer the higher pricing once they know and trust you.
Rich people who have the money just want that item! And here’s where it helps to understand a little bit of the money blueprint behind the dynamics of selling fewer for higher cost versus more for less. Most business people do not offer higher ticket items because their own self worth is low. Their price isn’t right with the intention of rich. Get the price higher and then increase the value, and get rich. Always deal with high volume buyers, not one on ones selling cheaper products. Don’t bother with that.
Ask Yourself this: What are some higher ticket products or services that other people in your industry might be offering that you might be able to add to your business? How do you make things special?
Now it’s your turn! Take this opportunity to share some of your insights on pricing. Are you having struggles with volume, or who can buy a lot of your product? Have you found any clues to selling less for more versus more and cheaper? The Million Mind community is that forum for like-minded visionaries to bounce ideas and suggestions."
By: T Harv Ecker
Tags: business, business system, Cost, creating a system, creating wealth, economy, financial foundation, financially free, growing your business, Growth, millions, money blueprint, money machines, pretense, products, rich, Right Price, start up business, successful businesses, upstream, Wealth, work on the business
IMG Business offers you opportunity to serve people with financial services products that are priced right that you do can sell just a few for big money, which in turn can be your investment money for your MUTUAL FUNDS and STOCKS....
It’s too bad, though, that a lot of business people and entrepreneurs don’t realize the power of pricing within their success strategies. Their impulse is to sell more of something at a cheaper price under the pretense that people want cheaper products, yes?
True enough, but let’s take institutional brands like Wal-Mart or Home Depot. Who sells cheaper than them, and who competes? In our march to millions, we want to dream big but not start out swimming upstream against whales. Home Depot can lose money for years in a row but its owners will barely feel it. Most business people aren’t in that enviable position. If that were you in your business, you’d be feeling those losses alright.
Which is why as a growing or start-up business, you want to play where the big kids aren’t playing— niche markets with specialty products and/or services that certain people are willing to pay more for—certain qualities and customizations that you multiply but others aren’t doing. No matter what the economy, there are people out there who care about certain things and are willing to pay more for them because it matters to them.
Rich business people understand the true meaning of the Price is Right: they offer higher ticket items! Poor business people tend to offer low ticket items. People always think that if the item is cheap enough they’ll sell millions.
Don’t get me wrong. Selling $20 dollar items to one person at a time does make sense if that one person is buying 10,000 units off of you. Not saying everything you have has to be at a higher price, because sometimes it’s a good idea to have a lower price on some entry level products and then offer the higher pricing once they know and trust you.
Rich people who have the money just want that item! And here’s where it helps to understand a little bit of the money blueprint behind the dynamics of selling fewer for higher cost versus more for less. Most business people do not offer higher ticket items because their own self worth is low. Their price isn’t right with the intention of rich. Get the price higher and then increase the value, and get rich. Always deal with high volume buyers, not one on ones selling cheaper products. Don’t bother with that.
Ask Yourself this: What are some higher ticket products or services that other people in your industry might be offering that you might be able to add to your business? How do you make things special?
Now it’s your turn! Take this opportunity to share some of your insights on pricing. Are you having struggles with volume, or who can buy a lot of your product? Have you found any clues to selling less for more versus more and cheaper? The Million Mind community is that forum for like-minded visionaries to bounce ideas and suggestions."
By: T Harv Ecker
Tags: business, business system, Cost, creating a system, creating wealth, economy, financial foundation, financially free, growing your business, Growth, millions, money blueprint, money machines, pretense, products, rich, Right Price, start up business, successful businesses, upstream, Wealth, work on the business
IMG Business offers you opportunity to serve people with financial services products that are priced right that you do can sell just a few for big money, which in turn can be your investment money for your MUTUAL FUNDS and STOCKS....
Monday, July 5, 2010
First Half 2010 Performance of Mutual Funds
Sharing 1st half performance of Mutual Funds...Most of what we carry in IMG are in the top list (First Metro, Philam Bond Funds Philequity Funds)...If you invested P100K in January in First Metro Save & learn Equity fund, your money would have been P123K end of June! That's 23% return!
How much is the return of your money in the bank??? You wont even earn more than 500Php.
Of course it's not always like this year after year..But on the average, MUTUAL FUNDS return has been between 15-18%% which is way above 12% that we use in our trainings. It comes as a surprise to a lot of people because they don't know that there are indeed a MUTUAL FUND investment vehicles giving 12% return.. mine was 30% last year and 16% for the first half!
The key though is regular, disciplined approach to investing in STOCKS and MUTUAL FUNDS to maximize the return of your money..but how can you do it if your monthly cash flow is not enough? That's where the IMG business opportunity comes in! By doing the IMG business -- which is sharing financial literacy and applying it (education plus application) -- you have the potential of earning extra income that you can invest into MUTUAL FUNDS and STOCKS!
Look how much your money will be if you invest P5000 and P10000 in MUTUAL FUNDS or STOCKS at 18% return for 10, 15, 20, 25, 30 years! It's P70M after 30 yrs for P5000 monthly investment and P141M after 30 yrs for P10000 monthly investment! You CAN DO it if you do the IMG business! Just spread JOS (Join-Own-Share)!
10Y 15Y 20Y 25Y 30Y
5000 5000 5000 5000 5000
18% 18% 18% 18% 18%
120 180 240 300 360
1.65M 4.53M 11.5M 28.7M 70.6M
10000 10000 10000 10000 10000
18% 18% 18% 18% 18%
120 180 240 300 360
3.31M 9.06M 23.1M 57.4M 141.1M
This is the secret to BUILDING WEALTH..Disciplined approach to investing! PAY YOURSELF FIRST every month when you receive your paycheck...Invest..invest..invest... into MUTUAL FUNDS and STOCKS...
Maximize your IMG membership..You are already your own broker/dealer. Continue to educate yourself and apply it through our product providers. Get the commission and reinvest it!
If you want to know more...drop me an email or respond to this blog and will gladly be of assistance to your needs.
God bless!
How much is the return of your money in the bank??? You wont even earn more than 500Php.
Of course it's not always like this year after year..But on the average, MUTUAL FUNDS return has been between 15-18%% which is way above 12% that we use in our trainings. It comes as a surprise to a lot of people because they don't know that there are indeed a MUTUAL FUND investment vehicles giving 12% return.. mine was 30% last year and 16% for the first half!
The key though is regular, disciplined approach to investing in STOCKS and MUTUAL FUNDS to maximize the return of your money..but how can you do it if your monthly cash flow is not enough? That's where the IMG business opportunity comes in! By doing the IMG business -- which is sharing financial literacy and applying it (education plus application) -- you have the potential of earning extra income that you can invest into MUTUAL FUNDS and STOCKS!
Look how much your money will be if you invest P5000 and P10000 in MUTUAL FUNDS or STOCKS at 18% return for 10, 15, 20, 25, 30 years! It's P70M after 30 yrs for P5000 monthly investment and P141M after 30 yrs for P10000 monthly investment! You CAN DO it if you do the IMG business! Just spread JOS (Join-Own-Share)!
10Y 15Y 20Y 25Y 30Y
5000 5000 5000 5000 5000
18% 18% 18% 18% 18%
120 180 240 300 360
1.65M 4.53M 11.5M 28.7M 70.6M
10000 10000 10000 10000 10000
18% 18% 18% 18% 18%
120 180 240 300 360
3.31M 9.06M 23.1M 57.4M 141.1M
This is the secret to BUILDING WEALTH..Disciplined approach to investing! PAY YOURSELF FIRST every month when you receive your paycheck...Invest..invest..invest... into MUTUAL FUNDS and STOCKS...
Maximize your IMG membership..You are already your own broker/dealer. Continue to educate yourself and apply it through our product providers. Get the commission and reinvest it!
If you want to know more...drop me an email or respond to this blog and will gladly be of assistance to your needs.
God bless!
Thursday, July 1, 2010
Cash Flow of Rich versus Poor
Managing your Cash Flow properly will make you rich.
To make is easier to grasp what is your cash flow, you simply need to know how much is the money that comes into you ,and know also what comes out from you.
If what comes out is more than what comes in, then you are actually cash flow negative. This means trouble. You will be depleting your savings if you have any, or worse, your debts will balloon.
Our goal must be to have a positive cash flow which in turn must be invested to STOCKS and MUTUAL FUNDS which will generate more cash to add to the income.
Cash flow negative is like a pail with holes being filled up. The water that comes into the pail is the income, while the water that comes out of the holes are the expenses. If the inflow of water is less than the outflow in the holes, the pail will never be filled up, thus cash flow negative. Result... you'll never have water in pail.... you'll be poor.
Most people who are poor are like owners of the pail with holes. Instead of plugging the holes, the poor continually drills additional hole in their pail thus, creating more holes where the water will come out faster than the water that gets in. Thus, ending up poorer in the process.
On the other hand, the rich also owns the same pail of water with holes, however, instead of drilling additional holes, the rich finds another source of water to fill the pail faster.
The poor spends more money to deplete his income faster- more holes into his pail, while the rich invest more money on MUTUAL FUNDS and STOCKS to generate more money- more faucets to fill up his pail.
The poor spends money on liabilities which pulls more money from his pocket, while the rich invest more money on assets that in turn puts more money into his pocket. That is the differentiators between cash flow of rich and poor.
Which one are you?
God bless!
To make is easier to grasp what is your cash flow, you simply need to know how much is the money that comes into you ,and know also what comes out from you.
If what comes out is more than what comes in, then you are actually cash flow negative. This means trouble. You will be depleting your savings if you have any, or worse, your debts will balloon.
Our goal must be to have a positive cash flow which in turn must be invested to STOCKS and MUTUAL FUNDS which will generate more cash to add to the income.
Cash flow negative is like a pail with holes being filled up. The water that comes into the pail is the income, while the water that comes out of the holes are the expenses. If the inflow of water is less than the outflow in the holes, the pail will never be filled up, thus cash flow negative. Result... you'll never have water in pail.... you'll be poor.
Most people who are poor are like owners of the pail with holes. Instead of plugging the holes, the poor continually drills additional hole in their pail thus, creating more holes where the water will come out faster than the water that gets in. Thus, ending up poorer in the process.
On the other hand, the rich also owns the same pail of water with holes, however, instead of drilling additional holes, the rich finds another source of water to fill the pail faster.
The poor spends more money to deplete his income faster- more holes into his pail, while the rich invest more money on MUTUAL FUNDS and STOCKS to generate more money- more faucets to fill up his pail.
The poor spends money on liabilities which pulls more money from his pocket, while the rich invest more money on assets that in turn puts more money into his pocket. That is the differentiators between cash flow of rich and poor.
Which one are you?
God bless!
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