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[Joyce Penner Company: Life Force International Contribution Level: 8]

For someone like ME?

I know or know of people who are making that kind of residual income but they are so polished. So professional. So together.

I'm just me, an ordinary, average person and if I ask they tell me they had very humble beginnings too. I sure don't want to settle for a mediocre $10K a month but $350 thousand a month is, like, WOW!

For someone like me.

Joyce Penner

[Warren Veach Company: State Continuing Education Contribution Level: 4]

Hi Joyce,

Interesting question. And of course, you are the only person that can truly provide the answer.

However, one can look at your "indicators" and see that you are growing in that direction.

1. In your "About Me" section, you say, "You’ve heard the term “moving someone down your sales funnel?” I absolutely mastered that." If so, then it would be reasonable to say that if you continue to grow your sales funnel, then your residual income would continue to grow proportionally.

2. Taking constructive criticism, learning from it and actually following up on it is essential to continued growth. On your blog, http://joycepenner.info, you talk about how your blog was critiqued by Jason Better with WWN publishing the results.

Not only did you learn from the critique, but you acted upon it!

You changed the header, added an opt-in box, learned how to utilize the categories, placed a call to action on every page, wrote reviews about the tools you use, simplified your posts and linked your site to other sites.

But, even better, you wrote about the changes you made turning the article into a message for others to learn from as well. In other words, you added additional value to your blog.

So rather than doing the same thing over and over and hoping for different results (definition of insanity), you made changes to improve the already good results you were getting.

And, you are getting better results already, aren't you?

If you make the other changes that Jason suggested (and you indicate you will), then it would also be reasonable to expect that when you do, you will see another increase in your results.

Combine the 2 factors above with increased exposure which will lead to increased opt-ins, which in turn will lead to increased revenue, and continue to build upon what you have will surely allow you to get closer to your goal.

A person can't expect to jump from $10K/month to $350K/month over night, but one can do the little things that get them closer. That is what you are doing.

However, $10K/month doubled, is $20K/month. $20K/month doubled is $40K/month..$40K/month doubled is $80K/month..$80K/month doubled is $160K/month..$160K/month doubled is $320K/month

Therefore, if you can determine how to make that first jump from $10K/month to $20K/month, and duplicate that 4 more times, you are just about there.

Good job!

[Michael Stead Company: Fortune Hi Tech Marketing Contribution Level: 3]

Hey Joyce,

I absolutely know where you're coming from and it is completely normal to feel this way. I know from my own experience in the beginning I couldn't even fathom earning an income like that however, when I really sat down and thought about it I asked myself, "What do these people do that I am not doing?"

Although the answer didn't come quickly, I have found the following attributes to be very common amongst the top producers in our industry:

1) They are all highly educated: Don't get me wrong here, I am NOT talking about traditional education that you'd get from an educational institution. I am talking about real life experience and countless hours of trial and error until they found something that works. The people that are earning these kinds of income are the ones that have spent countless hours perfecting their craft.

2) They don't let outside circumstances stop them: Ask anyone that is earning these kinds of income and I GUARANTEE you that it did not come easy for them. Everyone in this industry faces challenges (more often than not on a daily basis) however, the difference between the successful and the unsuccessful is how you handle these challenges and being able to move forward.

3) They all have mentors: Everyone of these people has a mentor that has been to where they want to go and the mimic their processes. Having a mentor that you can relate with is a fantastic way to shorten your learning curve, save you a lot of time, energy, and money, and to help you get the results you want faster.

The only thing that I am seeing with you is more or less an issue of self confidence. You are more than capable of producing these kinds of results however, it's just a matter of the belief that you have within yourself, being consistent, and taking action on a daily basis.

You can do it to!

See you at the top,
Michael Stead

[Lilach Bullock Contribution Level: 4]

Hi Joyce

What a great question!

Realistically I do think $350K a month is too much to expect. Regardless of what you are doing now. Unless you set up your own product or start out very early in an opportunity.

I really don't think its as simple as well if I'm earning $10K a month now I will just duplicate it and keep going. If it was everyone would be doing that. There are a lot of business owners who grow organically and who work hard and create a fantastic duplicate system and grow year on year but to get to $350K is huge and very few people achieve this success.

If you really want to earn this kind of income I recommend you create your own product and go from there. Much easier way I think!

Best of luck - and I hope you prove me wrong lol

Lilach

[Adam Taha Contribution Level: 8]

Depends on your own mindset, what your believe and your own values.

lilach, Nah don't agree with what you said there:

"if it so, everyone would be doing it.[/i]"

Heard that far too many times and personally, I don't believe in that saying. That's a cop out in my books. Hear it enough time in past by broke mentality teachers who say that to kids..

"If everyone can be a best seller author, everyone would do it."
"If everyone can be a runner and break records, everyone would do it."
"If anyone can make painting as a living, everyone could do it."

Everyone has the capability, but not everyone is going to do it, because not everyone has the belief, the guts, the will power and most of all the DESIRE to be consistent enough, to stay focused in their dream and do it.

And not get distracted by other people's own limitation and programming of what's huge and what's not.

I see so many go to gym and I see many go for one month and quit the next month BUT still pay their membership of £25.94 a month, which goes out of their bank account and they don't train.

Very few people achieve it?

No, not really. Ever gone to Rich Dads conferences and training. Plenty of 22 years old, 35 years old, 45 years old, educated not educated from the school system, making way over £350k a month.

You only see, and experience, learn from the enviroment one is in. If in the enviroment one did not see it often enough, then yes, they'll say, it's HUGE.

I went to three seminars of Rich Dad, the first one, packed, literally of young women and men, who earn 350K+. Youngest 22, 24, 25. One is 19 years old!

There are many, many, many wealthy and multi-millionnaires. Just because we don't see them, doesn't mean they don't exist.

350K is not huge. Why is it huge? It is huge due to one own personal level, where they are at in this moment in time. Until that hudge becomes "Ah I see how it's done and it's not hudge but achievable by anyone who desires to put the work in, investment in and mentorship by such people who earn 350k."
...

It will stay as HUGE.

So no Joyce, 350K is not much to expect. Not in my books anyway. It all depends on your own personal values, what you see in your mind.

If one can't see it in themselves, it won't happen anyway for them.

My friend said, "I didn't say babies, but one day I was pregnant, and suddenly I'm thinking about my baby, reading the books, and sitting and associating with mothers. Everywhere I go, I see billboards of babies, mothers, baby food. These didn't show up UNTIL my mind was so focused on babies. I switch TV on, yes...babies. I go for a walk and what I never noticed before are three shops selling baby clothes and I thought these shops were new."

She went and asked and reply, "No dear. We've been here for 10 years now!"

Every had that Joyce, with things in life. You don't see it and suddenly you have to, and it's everyday in mind, and suddenly, out of the blue, the person you thought about, pops up from nowhere!

Life, we get what we are prepared for in belief first and in action. Unfortunately, we have people walk on moon, steel can fly, signs all around us and we still limit ourself.

Adam Taha

[Peter Fuller Company: AdzZoo Contribution Level: 3]

I'm just me, an ordinary, average person and if I ask they tell me they had very humble beginnings too. I sure don't want to settle for a mediocre $10K a month but $350 thousand a month is, like, WOW!

To get to $350k you need to achieve $10k first

$10k a month is $120k a year, most people never make this type of money so it is anything but mediocre.

Once you get to $10k, synergy can take over and those once thought impossible targets suddenly become realistic.

[Richard Bravo Company: Life Force International Contribution Level: 9]

.

Anything is possible Joyce.
I think it's more a question of probability.

Probability can be broken down to a mathematical equation.
And if there is a formula, then there is a way.

In this case there's a bunch of scenarios, but let's just look at the basics ...

$350,000 per month x 12 = $4,200,000 per year (365 days)

$87,500 per week
$11,507 per day
$479 per hour
$8 per minute

Now take for example Eben Pagan. He is noted as stating his annual business revenue is in excess of $20,000,000 ... or roughly $1,700,000 per month.

There are many more examples, but Eben is a good example in the space of our relative industry.

So what is Eben's business? ... well I think it would be safe to say that first and foremost it is an information creation/development and publishing company. From a recent interview it would appear that the majority of this revenue is derived from the Double Your Dating program which is created under his pen name "David DeAngelo."

The point here is modeling. Identifying people who have done what it is you want to do.

So first, I'd say you need to identify what it is that you want to do to create your $350,000 per month income.

Let's say you want to accomplish this in your network marketing ventures.

Next is to break it down. Create your formula.
X new distributors per day
X new customers per day
X average order (dollar amount) per member
X average order (dollar amount) per customer
etc., etc., etc. ...

There is a really cool formula I learned called "the Dream Lifestyle Money Getting Statement."

In order to craft this statement you first have to identify the following elements:

• Market
• Product
• Price
• Traffic
• Conversion

Once you complete that excercise you can then fill in the blanks to create your personalized statement as follows ...

MY DREAM LIFESTYLE MONEY GETTING STATEMENT:

By (1 year from today) I will have successfully built my cash getting machine which nets me ($X.00) per day by doing the following:

1. I will serve the (X market).
2. Will sell them (X product) for a price of (X price).
3. I will sell no less than (X units) per day on average.

OK, now here's the next BIG element in making all of this make sense and for it to become "a reasonable expectation." You absolutely must know your why. This is going to help make the numbers real for you. Now it's all attached to something tangible, not just some random number picked out of the air.

You may recall an article I wrote awhile back titled ...
7 Steps To Start Your Home Business Like A Pro

In that article I spoke about having a blueprint, a plan of action, to move your business to where you want it to be. And part of that plan was understanding and knowing with crystal clarity what your "Dream LifeStyle" (Your Vision) is. (point #6 in the article)

For the full details of this point you can read the article, but this is the basic premise:

6. Write Down Your Dream Lifestyle (Your Vision)

This is such a critical element, but I chose to leave it as one of the last things on the list. Why is that you might ask? One simple reason … It’s one of those things I see people put so much time into that they wind up wasting time.

Here’s a simple premise to get you started:
List all the details of our DREAM LIFESTYLE with annual expenses …
Make a list of everything you want to own or do within a twelve month timeframe.
Be very specific …

Typically people start with a house – where is it exactly (california on the beach, montana in the woods by the lake, etc.,) how many bedrooms, how many baths, pool, gym, gourmet kitchen, garage stalls, etc., etc.

Next is the car(s) – what year, make, model, color, accessories …

Just remember to be as specific as possible and don’t hold back.
Don’t let your mind start to tell you “Oh I could Never Have That.”
The key is to let your inhibitions flyout the window and list what your heart truly desires no matter how extreme it may be.

The point in this exercise is to identify WHAT $350,000 will actually look like, smell like, taste like and feel like when you DO get there. This all comes back to the Law of Attraction and Specificity.

To some $350,000 per month may just sound absurd. But if for you it may make perfect sense and be a perfectly reasonable expectation as it pertains your Dream Lifestyle. Your Vision. The thing that motivates you to do what ever it is you have to do to generate the daily conversions you identified in your Dream Lifestyle Money Getting Statement.

The two work together in a beautiful and powerful synchronous force of human potential.
One without the other usually ends in mediocrity, lost hope and shattered dreams.

The mechanics of your Money Getting Machine are the easiest part to figure out.
That's where things like the "traffic" component of your Dream Lifestyle Statement equation come into play.

But more than anything, it's the stuff in our hearts and in our minds that determines
whether it is "too much to expect."

More improbable things have happened in history.

Go For It!
.
.
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[Peace Worldwide Contribution Level: 2]

Are you able to make $3,500 a month first?

[Roger Aburto Company: Talk Fusion Global Contribution Level: 4]

Joyce.Hi!

It is doable...but let me tell you something you already know... it is very HARD.

For me is more likely to happen as a infopreneur then a MLMarketer...I do repeat...FOR ME, according to my own reality.

In my case who is rather kind of a shy guy...and some other limitations...I do firmly believe I will be better off...if I establish my own products and sales funnels that fit. And when I say products that includes physical ones and info products(hard and digitals).

If you take into account that just in USA. are more than 15 millions people already doing MLMrketing and huge amounts of people ready to jump in...and if we speak globaly just the hispanic market is more than US population. In our country are more than 40 millions hispanics that are learning English.The trend is that pretty soon more than 100 million people will be involved in MLM and in some kind of home base business.

That is why I became member of the Mike Klingler Renegade Professionals to get into the Funnel Mastery Program...I will attend the seminar this coming June at the Portland city/Thus far I am very satifisted with the great value Mike is providing.

Of course you need multiple streams of income...and to speed up the process you must be the GURU.

Be well,

Roger Aburto

[Joe DeRousse Contribution Level: 1]

If you can believe it and dream it, then it's possible. It's only possible though if you take those dreams and put them into daily action steps to get you where you want to be. That's a large number, so it's not something that would happen overnight, but especially with the use of technology now, $350,000 a month is not unheard of.