what are the main differences between wealthy people and not so wealthy people? how they think
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What are the main differences between wealthy people and not so wealthy people? How they think How they use their time. Not so wealthy person’s thinking: - Trade hours for $$$. - March 2007: Hours Dollars Stuff - April 2007: Hours Dollars Stuff. - PowerPoint PPT PresentationTRANSCRIPT
What are the main differences betweenwealthy people and not so wealthy people?
-How they think-How they use their time
Not so wealthy person’s thinking:
- Trade hours for $$$
- March 2007:
Hours Dollars Stuff
- April 2007:
Hours Dollars Stuff
This is known as the “Rat Race”
Goal: Buy a new upscale car, like a Mercedes 550
Not so wealthy:
We need to tradesomething, eitherwith more hoursor less stuff
Wealthy:
-Get an apartment complex-Say it has 4 apartments-Generate $250/apartment/mo.-$1000/mo.
Cost: $1000/mo.
Conclusion:- Wealthy person spent less time- Wealthy person thinks, “It’s not what I do, it’s howI generate my income.”
3 statements:
“Life is more important than money.”
“But, I would like more money to supporta better lifestyle.”
“I don’t want to work my whole life making money.”
A job is a good temporary solution, but…
We want:-Time-Income-Security
It’s hard to have all of them.
Income Goals
If you didn’t have to worry about time and money,what would you do?
We offer you an option to increase your income circle.
Have you ever thought about owning your own business?
Benefits:-You control how it works-Tax breaks
Say you were at the Mall of America.
What if someone gave you a card that:
-Gave you wholesale prices?-Shipped all of the items to your house?-Gave you a check for a percentage ofeverything you buy?-Gave you a check for a percentage ofeverything anyone you refer buys?
That is our business model.
What is our business?
In a nutshell:
1. Redirect Stuff2. Refer people3. Receive a check
Mall
Store
Store
Store
%
1000s ofCustomers
“The Mall”Business Model
The Internet and e-Commerce
e-Commerce will be one of thelargest shifts in our economy.
e-Commerce has just started. We areon the front end of the wave.
Amazon.com
Store
Store
Store
%Amazon.comBusiness Model
1000s ofCustomers
Franchising
McDonalds
Independent Business Owners (IBO)
Supplier - GSF System - HU
2%
30,000 * 10 = 30000050*40 = 2000/year
You.com
Store
Store
Store
%YourBusiness Model
10Customers
Independent Business Owners (IBO)
Q BWW
You.com
Store
%
Customers
Q BWW
100, 3%, $90/Mo
700, 9%, $200/Mo
3100,18%,$1000/Mo
7900,25%,$2600/Mo
And it doesn’t have to end there…
You.com
Store
%
4% 4% 4% 4% 4% 4%
Q BWW
Customers
1. Gross Margin2. Bonus checks3. Franchisor4.
10.
($800 x 6) + $2600 = $7400/Mo= $90,000/Year + Other methods of income from system
and supplier ($60,000/Year) = $150,000/Year
750075007500750075007500
In 2-5 years, you can reach your goals.
Q-12 Qualifiers $45,000/YearEmeralds $67,000/YearDiamonds $150,000/YearFounders Diamonds $270,000/YearEDC $530,000/YearFounders EDC $746,122/Year
Holy cow…
Wrap-up
1. Dream
2. Desire – the “Why”
3. Determination
4. Commitment
How will BWW help you?
-Vehicle: a means of obtaining your goals.
-We’ll give you an association, where successfulmulti-millionaires will help you.
-We’ll give you our personal commitment to helpyou believe that you can do this.
What do I do next?1. Read and listen to some extra material
-Go to www.thisbiznow.com (we willtouch on this)
2. Make a list
3. 2-3 Meetings
4. Web tour/Ditto delivery (we will touchon this)
5. Education
Do you have a time to discuss? Let’s getyou started thinking like a wealthy person!