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Income Strategies for Health & Wellness Professionals
Add $1,000 to $5,000 per month to your practice, or more, over the next 2 years
For most health professionals in the first 5 to 10 years of practice…
The majority of health professionals quickly realize that the hard work doesn’t end once they walk out of the classroom for the final time. Starting a practice can be difficult. Overhead is high and student debt is a burden. For most, taking home $60,000 a year after expenses isn’t happening.
The reality is that most health professionals have put all their eggs in one basket and have no other income streams to support them. As a result, many find themselves in a race to pay off debt, pay insurance and save for retirement - a far cry from living the lifestyle of their dreams.
Time Equals Money - But Should It?
The success of any health professional’s practice depends heavily on their ability to see patients. When the doctor or chiropractor or dentist is out of the office, revenue dries up, yet overhead remains. In essence, health professionals are swapping time for dollars. Without their time, they are not generating dollars.
In addition, the amount of dollars health professionals are seeing for their time is dwindling. Health insurers are continuing to lower reimbursement rates for services and are limiting the services they are willing to reimburse. The result is that many health professionals continue to perform the services their patients desperately need, while collecting much less. Luckily, there is a better way.
Helping Your Patients - The Smart Way
Wealth is generally created through some sort of leverage. Leverage is the ability to use a little of your skill, time, money or other resources to generate a much larger and synergistic result from the skills, money, time or other resources of those you’ve chosen to work with. With network marketing you are able to actually leverage your time to generate additional dollars with or without your direct attention by helping your patients enjoy the products they are already using or seeking.
For this reason, more and more health professionals are becoming involved with network marketing. Instead of paying incredible amounts for patented products from pharmaceutical companies, network marketing companies are on the cutting edge of natural alternatives and offer the highest quality products at reasonable prices allowing distributors to make profits, not only on the products, but also on the additional distributors they bring to the table.
In addition to world-class products, these companies have the entire business infrastructure in place so all you have to do is share the products with your clients. They do the accounting, the inventorying, the customer service, websites, the shipping, etc.
3 Ways to Supplement Your Income
Through your existing network
- Selling Health & Nutritional Products Retail: Offering your patients quality products is a natural fit. You are a trusted health professional and they are looking for products to help improve their lives. You make the difference between the wholesale and the retail selling price.
- Offering Preferred Customer Incentives: Many customers would rather get a better deal than purchasing supplements at retail. Offering a preferred customer option where they get better discount by signing up as a wholesale member or distributor themselves may motivate them to buy more and more often.
- Leverage Your Existing Network: After your existing patients have tried products and services, it’s easy to offer them the option of setting up their own business distributing the products they already love. You help them, and receive a nice residual in return.
Why Network Marketing?
Many of today’s successful business leaders like Warren Buffet, Donald Trump, and Tony Robbins endorse network marketing as a viable and lucrative way to produce a significant residual income. The truth is that today, millions of individuals have built very successful network marketing businesses. Not only is their financial outlook more stable, they enjoy more time, flexibility, and a host of other benefits including:
Tax Advantages: Running your own network marketing business can substantially lower your tax burden by allowing for various deductions.
Residual Income: As you build your organization, you are compensated for your growth.
Flexibility: It’s up to you how much time and effort you put into your network marketing business.
Time Leveraging: The efforts of your organization benefit you - the more you train and work with them, the more it benefits you as they succeed.
Personal Growth: Setting and accomplishing goals, sharpening communication skills, and gaining confidence are byproducts of network marketing.
Frequently Asked Questions
How do patients view a health professional doing network marketing?
Most patients are concerned about the quality, price, and results of their nutritional products rather than how it is distributed. Network marketing is simply a different distribution method, and who better to take advice from on top-of-the-line nutritional products than your health professional.
How long can it take to create an income of $1,000/month?
If you treat your business like a business, achieving this kind of residual wealth can be accomplished within 12-24 months, if not sooner. The goal for five years would be for you to reach a minimum residual income of $5,000 a month.
How do I make a residual income?
Most companies have a compensation plan that allows for unlimited income potential. The structure is designed so that the people in your team help you become successful.
Does it really matter what company you choose to go with?
Yes it does. Your chosen company is your vehicle to success, you must like driving it and you must feel proud to drive it. You must feel enthusiastic and you must feel confident in the company you choose in order to find optimal success. If you're reading this, hopefully you feel like Young Living is a good fit for you and your business. Don't forget to offer all of the incentives that members get when joining your community in Young Living, including all of the resources here at revolutionarywellness.com :)