How do you become rich in a home-based business? Wash, rinse, and repeat. For 20 years my paychecks have been written by myself. I have had a business and a job for over 30 years. With dreams of being rich and zero money at 18, I knew this strange animal called Network Marketing had to be my ticket to financial wealth. I was right.

You may be losing money by not having a home-based business. Since I cannot and will not give you tax advice, I will say it is my experience that (see publication 583 & 587 and IRS form 8829) all us have fixed costs that portions you make monthly payments on can be deductible. We all (most) make housing payments, utilities, insurance, taxes, phone, Internet, gas, meals, home improvements, new tires, oil changes, that may qualify with your home-business for payments back to you in the form of deductions.

I still get a kick out of today's room temperature IQ person who says all networking is a "pyramid". Pyramids are flat out illegal. Network marketing is simply an alternative form of sales and marketing cutting out some of the middle distribution links that get a product to a consumer straight from the manufacturer. Pyramids do not involve products of value, they deal with the right to recruit and later receive payments. I do not endorse any gifting or pyramid scheme in any manner.

Network marketing has 67 million marketers worldwide and is generating 110 billion in annual sales. There are companies who have been in business over 35 years and are in many additional countries around the globe. Right now the baby-boomers are starting to retire. (People born from 1946-1964) Our health needs help from the food we now eat. We are requiring supplementation. The middle class is vanishing in front of us. Gold hit $1,500 an ounce and the dollar is also at its lowest value in history. This is the ideal time to start a home-based network business.

Do the math. Take one cycle period, whatever that period is, and use compounding with any set of numerical values you assign to it. Let's look at this formula this way. Do you know how much money you have when you take a penny and double it every day for 30 days? It is not very much the first 15-20 days, but turns into more than $5 million on the 30th day. Einstein suggested compound interest was one of the most powerful things in the universe. It works for or against you. (Check your credit cards balances when you make minimum payments to see how it works against you)

When you find 3 persons who are truly serious about finding 3 each like themselves, that will in turn find only people that will commit to finding 3 serious entrepreneurs, you have the beginning of a team that can generate serious product distribution and business profits. When your team "cycles" every month, you will start with 3, then next month you will have 12, then 48, and you are on your way to building a serious business with residual opportunities to live the life you would love to live. What if your cycle is two-weeks instead of a month?

Think about this. While waiting tables in a restaurant and tending bar, did I look like a millionaire in the making to anyone? There was one person who was a regular customer, a self-made multi-millionaire who used to be a shipyard foreman who saw my desire level. He was my mentor to my first million from zero in two years. Many have heard of Mike Dillard and his story of going from a waiter to millionaire, to multi-millionaire in a short time. How many waiters/waitresses do you come in contact with? Find 3 people like Mike and I and you are well on your way! By the way, it only took me 17 years to become an overnight success. You never know when someone is going to "arrive".

People have told me what I have done is hard. To me, what you all are doing is much harder. You go to college, likely get into debt doing it. Take years and interest paying off loans and you work for someone else in a job that is not in your major. If you don't make that company more money than your salary you are out of a job. You probably didn't learn money management skills and you will work 50 years making $50K and have nothing left to show for it when you are in your alleged golden years. Your house is not paid off. That is hard. I worked my tail off for a few years and made quite a bit more than most in many lifetimes.

If you have a big reason why you wish to prosper and help others, you can be paid well in doing so. Find a company that is debt-free, been in business for decades, has a product high in demand, and a great compensation plan. You will do well to work with others who have already have already done what you wish to do. While their past success guarantees you nothing, just because you never made any money doesn't mean you cannot come in and become a millionaire in the first year. It stands to reason that when you do what others did to become rich, so will you. That is what happened to me.

You have all told people about a great restaurant or movie and not been paid for it. You already have networked, just not to your benefit. I can also assist those whose self-worth can use a bolster. That may be the reason you have never had a break through yet. The formula for having a huge and profitable network business is focus and sticking to the basics. Find 3 people who are serious, and help them each do the same. In the next cycle you will keep doing the same thing. It is that simple.

If no one has told you yet, let me be the first! You must have a large vision and "why" attached to what you do. Too many fail and quit from fear of failure, and worse, fear of success. If you actually care what your broke friends and family think that are not paying your bills, you may not have what it takes. Do you have a great work ethic? Why do you think making a million dollars should be easy? You have lotto mentality, it is hard work, and rightfully so. So the benefits are equally as sweet. Get rich quick. While I am not a fan of getting rich slow, anything that is quick or disposable has no foundation that holds up a massive structure. To build a deep foundation and massive structure takes time. Inch by inch it is a cinch, yard by yard is really hard. Stick to the basics. If you never get far from the basics, you never have to get back to them. Keep it simple, be yourself, and share with your heart while keeping a good head about you to avoid the stinkers and nay-sayers.

There will be many millionaires who have not even started their home-business this year. Will you be one of them? I look forward to speaking with your personally when you are ready to begin your million dollar journey! Dr. Mike