This article will be a continuation of the A full-time income on part-time hours series. At the risk of opening myself up to criticism from all sides, part five will reflect on my own experience in network marketing.
“That sounds interesting, but are you sure you will have time for that?” My real estate investing coach asked me after informing him of my intention to join the vacations business described in part three. “Remember that there are 168 hours in a week, and you have to use them wisely.”
“If you treat your business like a business and not a hobby you will be successful at it,” the speaker passionately said at a Sunday afternoon meeting in 2009. The thought of making passive residual incomes prompted me to join the business, though it turned out to be more than bargained for at that time.
At the heart of my desire to join the vacations business was to get out of the rat race and on to the fast track as described in Robert Kiyosaki’s Rich Dad Poor Dad series. At that particular time, this desire was strong after reading his books and playing Cash flow 101 multiple times.
No one solicited me to join the vacations business. It was my own curiosity after hearing a real estate buddy talk about his exciting opportunity. My friend had been a postal worker but had soured on working a job. At an informational meeting for the vacations business, they showed us an extravagant presentation where it was stressed that:
• The travel industry wasn’t going anywhere despite the fact that the country was in a deep recession
• We would get our own online travel stores which would function like Hotwire, Expedia, and Orbitz except we would receive commissions (again passive residual incomes) for all purchases made on our sites
• Additional incomes could be made from bringing other people into the business
What also excited me was the idea of being able to turn personal expenses into business expenses; my living space, phone and my car.
It wasn’t until joining the business though that it occurred to me that there might not be time to do everything in that particular season of my life; my full-time job, the real estate endeavors, and maintaining a personal life. Suffice it to say that romantic relationships require significant time and resources as well, and as many can attest, significant others may in fact have their own financial agendas which may not involve saving and investing money, or starting businesses.
While my job was still paying the bills, and the real estate investing had its own commitments, now there were meetings to attend for the vacations business during the week and on weekends. There were also phone calls during my work day from my up line, inquiring about my progress. Because there was so much going on, my growth at my job wasn’t where it was supposed to be approaching my one year anniversary and it was starting to show.
After realizing that my time, money, and peace of mind were being stretched too thin, everything was slowly cut back; the real estate trainings and the vacations business. My interest in real estate never died though it got shelved for the time being. After further inner reflection, the vacations business wasn’t right for me personally.
The other realization was that my job had great impact and was actually fun for me, as well as the people there. Going there every day did not cause pain, or resentment, nor did it make me feel foolish in any way. Even if a job did stand for “Just Over Broke,” it was still paying the bills and kept me fed while hundreds of thousands of Americans were out of work, losing their homes, and facing financial crisis during the 2008 economic downturn.
While some would revel in my lack of success in these endeavors, and would say “I told you so,” important lessons were learned about time management, personal contentment, and also about my personal values and talents.
These stories have not been shared to sway readers to be for or against networking marketing businesses or even learning how to invest money. These are personal choices, and the intent here is strictly to educate others for their own particular journeys.
Though participation in a network marketing business wasn’t a successful experience for me, others have experienced success this way. In part six, an entrepreneur who has experienced success in this type of enterprise will share his experiences, observations and keys to success.