The Money Tree Formula

At the end of many of my previous post I have briefly mentioned a company named USANA. I have said something like, "If you would like to create a residual source of income or earn some extra money working from home then please click the link to USANA". In Robert Allen book Multiple Streams of Income he teaches people how to create additional sources of residual income in their lives. The word residual is a very important world because the type of income that he teaches about is residual; that means that after a short period of hard work laying your foundation then with time your hard work will pay off in the form income that will flow into your bank account day and night weather you work or not. With USANA the goal is to establish a residual or reoccurring source of income that is paid out on a weekly basis; week in and week out. USANA pays out commissions on a weekly schedule. 

In his book, Robert uses a formula that he calls  "The Money Tree formula" to illustrate the nine essential characteristics of a hands-off, hassle-free business that will help you create a lifelong stream of cash flow.
Below is the Money Tree formula and a video of Robert Allen discussing the formula and why USANA is a MONEY TREE business:

M in the MONEY TREE Formula stands for Multiple Streams of Income

The first goal in starting your own home-based business is to add another stream of income to your life as a safety net for when one of your streams of income dries up. But the home-based business you select should be a source of more than just one stream of income. It should eventually be a source of multiple streams of income all by itself.

O in the MONEY TREE Formula stands for Outstanding product or service.

If your product, service, or information isn’t distinguishably excellent, it will eventually become a casualty of competition. The goal of creating a money tree is to do the work once and to have the money flow to you for the rest of your life. What good does it do to create a business and eventually have it succumb to competition? In order for your source of income to survive through the next ten recessions — as there will be many more recessions in your lifetime —you must select a product, service, or source of information that has the possibility to be permanently and perpetually profitable. When times get tough, people gravitate either to price or to quality. Don’t get stuck in the middle. That’s a sure formula for disaster. And don’t compete with the rest of the world on price. Make sure the quality of your produce is outstanding,  the best in the world at a fair price. Thus, you will have a good opportunity of succeeding long-term.

N in the MONEY TREE Formula stands for Nothing Down.

Why nothing down? Well, it doesn’t have to be completely zero down — but as little of your own money as possible. If you’re like most people, you probably don’t have a couple of hundred grand lying around to invest in your business. But what if you have a nice chunk of cash, should you run out and find a business to match your money and launch in? I think one of the greatest curses is to have a lot of money to put into a new business.

E in the MONEY TREE Formula stands for "Employee-resistant."

That’s right! You don’t want employees. Employees are dangerous! They begin to feel they are entitled to their jobs. ("You can’t fire me. I own this job.") The rapid increase in employee/employer litigation should be enough to convince you that you want to find a home-based business that can be done by yourself, with a very low employee to income ratio.

Y in the MONEY TREE Formula stands for the world "Yield."

The streams you choose should be high yielding, high-profit cash cows. Five years ago a friend of mine, Collette, started a USANA home-based business. In less than a year she was making about $10,000 per month. What’s more, this business was a Money Tree business. It generates cash flow even if she stops working! But why stop when she is having so much fun? Today, after five years, she has grown her business till she now earns over $500,000 a year net, net, net.

T in the MONEY TREE Formula stands for the words Trend and Timing.

Starting a business against the trend is like swimming upstream against the current. Running a business is hard enough without trying to swim upstream. But when you choose a business that is with the trend, it’s like floating downstream with the current.

R in the MONEY TREE Formula stands for Residual.

We’ve already talked about the importance of residual income as a major part of the MONEY TREE Formula. But to emphasize this concept even further, let’s compare it to an escalator. Have you ever walked up a Down escalator the wrong way? When you walk up the Down escalator, you have to walk fast just to stay in the same place. And to get to the top, you have to walk at double speed. People on the Up escalator don’t have to work hard at all. They just stand there holding the handrail, and the escalator takes them to the top.

E in the MONEY TREE Formula means Essential to Everybody Every day.

Whatever you sell, try to pick something that is essential or is perceived as essential by a large and very motivated segment of society. Let me give you the real reason that real estate has always been a great wealth creation vehicle and a prime source of residual income for hundreds of thousands. It fits the MONEY TREE Formula.

E in the MONEY TREE Formula stands for Enthusiasm.

You’ve got to love what you do. If you hate what you sell, you’ll never be any good at it. The prime admonition from Gary Halbert, one of the all-time great marketing gurus, is this: “SELL WHAT YOU LOVE.” The truth is, you’ll never be truly great unless you do.

If you would like to learn more about USANA and how you can create a residual source of income click on the following link http://www.usana.com/webhosting/johnnylwilson or just ask me.

Thanks for reading more to follow. . .