Here is one of my all time favorite blog posts. Please enjoy while I am on vacation with family and friends!
Income for Life… from a penny?
I hope you grasp the concept I’m about to share. Have you heard the story of the penny doubled? It starts with this question:
If someone were to offer you a choice to A) Receive a single PENNY today, and your money will double every day for the next thirty days, or B) Receive one MILLION dollars cash today, which would you choose?
For most, the immediate reaction is to take the million dollars. One penny? No thanks. One million dollars? Yes please! Upon a closer look and some simple mathematics, though, we see a different picture…
This table shows you how a penny can create income for life:
The penny doubled is actually worth FIVE times the quick million. If you focus only on your immediate results, no doubt you will be disappointed for the first few weeks with your slowly doubling penny. Something magical happens as you approach the three-week mark, though. Your penny has become thousands, and now those thousands are doubling to become millions! If you had the opportunity for compounding results like this, might you have income for life? You bet.
Direct selling works a lot like this. Your first commission check may be enough to treat yourself and a friend to dinner and a movie. Give it consistent effort and stick with it, though, and before long you will experience that magic moment where your business takes on momentum. This is where direct selling becomes a vehicle – not just for extra cash on the side – but possibly for true wealth and residual income. Imagine if you gave up your doubling pennies on Day 17 because you weren’t seeing the big bucks yet!
Because of the doubling penny principle in network marketing, in just shy of two years I went from zero to extraordinary income. It’s not magic. It’s the power of the direct selling business model. Bet you never look at that penny on the street the same way again!
For more insights on what it takes to be successful and how to create significant income in direct selling, check out my training “How to Become a Network Marketing Rock Star” on my website, kathleendeggelman.com.
What do you think about the power of a penny doubled? Share your insights below!
P.S. I hope you enjoyed my post! If you liked this, I think you will love my blog post on How to Successfully Work With a Long Distance Team.