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What these experiences have
shown me is that direct selling provides an unparalleled opportunity for
millions of people to take responsibility for their own economic wellness,
create long-term financial stability and even realize significant wealth, while
enriching the lives of untold numbers of others.
And this has far greater significance today than ever before. Because what
happened in 1990 is happening again today-only to a vastly greater degree!
The
Impact of 9/11
From 1991 to 2001, the world economy doubled in size, enjoying the highest
growth rates ever recorded with the lowest interest rates and low inflation.
In the United States,
household wealth tripled, growing from $13 trillion in 1991 to more than $40
trillion in 2001. Over the same ten years, the number of U.S. millionaires
doubled, jumping from 3.6 million in 1991 to 7.2 million in 2001.
Then everything changed on
September 11, 2001. As the towers of the World Trade Center came crashing down
before our eyes, something else came crashing down along with them. Millions of
people lost faith in their economic future.
Since 9/11, millions of
people and businesses have begun to accept that their temporary economic
situation could be permanent. This acceptance is the greatest threat to our
future way of life-even greater than the physical threat caused by the heinous
acts of those responsible for 9/11.
For just “as a man thinketh in
his heart so is he,” in today's modern economy, “as a people think about their
economy so is it.”
What most people don’t
realize is that our economy is already surging ahead. In the third quarter of
2001, our Gross Domestic Product declined by 0.2 percent, and everyone screamed
“Recession!” But the following quarter, GDP grew again—in fact, by ten times the
amount of the decline! Our GDP has risen in every single quarter since. Our
economy quickly regained its headlong rush into this new era of increased wealth
and prosperity that had begun in 1990.
By 2004, even the Dow Jones—the
widely regarded and tracked stock market index—had fully recovered.
The direct selling
community is in a unique position to bring about a shift in people’s
awareness—because direct sellers are in an extraordinarily good position to take
advantage of the next great boom which we have already entered.
The
Next Millionaires
After the crash of 2001, many people felt they missed their chance to be
part of the boom of the 1990s. Yet, in the four years following 9/11, U.S.
household wealth has increased by an incredible $8 trillion to $48 trillion—an
additional 20 percent! As of this writing, census figures are not yet compiled
to verify this figure, but I would project conservatively that in the same
period, we added at least another one million new millionaires.
And that millionaire
population explosion is still happening.
Today, the U.S. and the
world economy look almost identical to how they looked in 1991, except that
there are more opportunities for entrepreneurs due to recent changes in taxation
and technology. Based on this history and current conditions, I forecast that
U.S. household wealth will again double to $100 trillion by 2016—and that over
the same ten years, the exploding U.S. economy will create at least ten million
new millionaires.
For those of you in the
direct selling industry, this is incredibly good news. Why? Because a
significant, good number of those new ten million millionaires are the people
who are entering your businesses at this very moment.
Direct
Selling Will Create Many of the Next Ten Million Millionaires
Today, the direct selling industry is poised to become the distribution
method of choice for all new products and services. This is true for a host of
reasons, many of which I explain in my book, The Next Millionaires. Here are
just three of those factors:
INTELLECTUAL DISTRIBUTION
In the boom of the 1990s, many fortunes were made in distribution: the Wal-Marts,
Targets and Costcos. Today that opportunity has largely come and gone. The
fortunes to be made in the years ahead will be predominately not in physical
distribution, but in intellectual distribution: educating consumers about
products and services that will improve their lives—but that they don’t yet know
exist.
This is the #1 business
opportunity for those who want to create new wealth. It is where a great number
of the next millionaires are coming from. And the single most effective medium
we have today for fulfilling that vital need is the person-to-person methodology
of direct selling.
Direct selling is the
perfect intellectual distribution business for today’s and tomorrow’s economy.
AGE OF
THE ENTREPRENEUR
We’re at the beginning of a home-based business boom. The U.S. Small
Business Administration reports that small businesses now account for about one
half the country’s total output and employ about half the private-sector work
force—and more than half of those are home-based businesses.
In the past, it was risky going into business for yourself; corporate
employees had better pension and health benefits. Not any more. Recent changes
in tax law have leveled the playing field—if anything, actually tilting it
toward the individual entrepreneur! Congress has responded to a shift in values:
people today want to work from home. Now, they can.
The best opportunities
today lie in working for oneself as a home-based entrepreneur. Direct selling
offers the most practical context for doing so, for the largest number of
people.
THE
DEMOCRATIZATION OF HIGHER VALUES
In the new economy, the sheer quantity of compensation is no longer enough.
People today also demand a better quality of compensation. We don’t simply want
money, we want lifestyle. Today’s workers understand that it doesn’t matter how
much money you earn if you never get to see your spouse or children, or if you
sacrifice your health for your work.
This is a demand that
didn't exist in the past.
During
the Industrial Age, the question “Are you truly happy with your life?” would
have been greeted by most as self-indulgent nonsense. “Happy?! What a question!
I’m making money and surviving.”
Today we want more. Our
economy and living standards have grown to the point where we not only expect to
make a living, we also expect to have the best possible experience living that
life. We don’t want to have to sacrifice family for work, or vice versa.
The typical direct seller’s
benefit statement—“You work when you want, how you want, and with whom you
want”—combined with the very real value of a business based on helping others
succeed, creates a uniquely attractive package to the twenty-first century
business person. And I see a more seamless weaving together of work and family
in direct selling than in any other sector of the economy.
When you go out into the
world and successfully earn money, you are helping other people, adding value to
society, and contributing to the betterment of the world. That, to me, is
serving God: doing the best job you can at serving more of God’s children-other
people. I know of no business that exemplifies this principle as well as direct
selling.
Direct selling offers vast
numbers a better, more satisfying quality of life than any other profession.
Spread the Good News
Of all the entrepreneurial opportunities available today, direct selling is
now emerging as one of the most important. Direct selling companies are in
alignment with today’s most vital economic trends, and because of this, they are
perfectly positioned to create many of the decade’s next ten million
millionaires.
I believe this is the
single most important message you can be promoting to the public at large today.
PZP
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