Posted by: Chance Richardson | December 11, 2009

The Power of Leverage

Sure everyone has heard about leverage. Since the days we played on the playground we have

used leverage. Everytime you was using a see-saw you were taking part in leverage. If you played

on the merry-go-round you was using leverage.  Leverage is defined as:

  1. the action of a lever
  2. the increased force resulting from this
  3. means of accomplishing some purpose

Leverage is a very powerful business technique as well. Let us focus on the definition “means of

accomplishing some purpose”. Business Leverage comes in many forms, you can get an investor

to invest in you, you can use the bank to get a loan, you can go into business with someone else

and have them finance the venture, in network marketing you use leverage daily. Network

marketers use leverage because they get paid off the efforts of others. When you are in network

marketing, you leverage the time of others as well. Real estate investors also use leverage. They

may use banks or other people’s resources to  finance their deals. Don’t get me wrong using

leverage is not about taking advantage of people it is about making sure you help someone else

meet their goals while you meet yours.  For example, If I write an ebook about network marketing

and want to distribute it but I don’t have a mailing list I may go to an individual that has a huge

mailing list offer them a percentage of my profits and use their mailing list to promote my

product. The ebook sales and we both make money its a win win. But I didn’t have to go out and

build a huge list. Another way as a network marketer that you can easily leverage your time is

through article, blogs and video post on the different media sites. Leverage is a very important

part of business. Leverage allows you to be on the beach, in Las Vegas, and your kid’s ball games

and asleep while you still are earning a living. Corporations use leverage everyday because they

profit off of the work that others do. If a company hires an employee for eight dollars an hour they

are most likely making sixteen to twenty dollars and hour off of that employees work. They use the

employee pay them what they agree is fair compensation and make a profit. If you can realize this

power and put it to work for you then you can also create wealth with little effort. For example, I

am involved in a network marketing company Global Domain International where we sale .ws

domains(If you would like more info Click Here) we also spread the opportunity to other

entrepreneurs and get paid every time we recommend someone to this great company. Not to

mention we also get paid every time they recommend someone and on and on up to five layers!

People in GDI use leverage because we recommend other people and get paid off of there efforts as

well. We also get paid one hundred dollars for every five people in one week. This is leverage at its

best. No matter what kind of business you may have you can find some way implement leverage

into your work model. If you have any questions about leverage or if you want to bounce some

suggestions off of me send me an email at nomoreboss@nomoreboss.ws and make sure you check

out the site www.nomoreboss.ws where you can find more helpful info. Also you can sign up for

my mailing list. I truly appreciate all the support I am getting from this blog. Thanks to all of you

and I wish you all success.

Chance Richardson

www.nomoreboss.ws

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Responses

  1. Seems like you are a true specialist. Did ya study about the topic? haha..

    • Yes I always research my topics. And I would say I implement everything I write about so I have first hand experience as well. Thanks for the comment!

  2. Social comments and analytics for this post…

    This post was mentioned on Twitter by nomoreboss4ever: The Power of Leverage: http://wp.me/pHbdg-g


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