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How Much Moolah Can I Make With LifePath Unlimited? by Matt Lloyd
I must admit, it took me a full month before I really understood and appreciated LifePath Unlimited��s compensation plan. But once I got it, it slowly dawned upon me that the leverage involved in this business could allow someone to earn an extraordinary amount of income...
Let me explain why I feel this way...
You should think of each of LifePath��s 3 products as being like ��mini -franchises�� (although technically speaking, this isn��t a franchise).
The first product, Discovery, which costs US $ 1755 (including postage), pays you a profit per sale of US $1000 each time, every time.
You will never have to pass up sales. You will never have to share that profit with your mentor. And from Day 1, you will be in a money making position to receive those $1000 commissions.
This is perhaps one of the great things about LifePath, that makes it a stand- out in the Home Business Industry. The majority of the other companies require you to pass up your first few sales, which they refer to as your ��qualifying sales, �� (as if you need to prove something before you get paid).
The justification for using the Pass Up compensation model is that you can earn a lot more this way.
The idea is an appealing one... all you need to do is find two people, and help them to find two more. You��ll then have four people in your organisation.
Then 8.
Then 16.
Then 32....
And soon enough, you��ll have an organisation of hundreds or even thousands of distributors who will make you millions and you��ll never have to work another day in your life.
Sounds great doesn��t it?
This idea of easy riches has been used for decades to sell various home business opportunities. But the reality is, it just doesn��t work that way. And anyone who tells you that it does, is usually just hoping that you��ll fall for it and join their organisation.
But for this to work, everyone in your organisation must be successful. They must all be able to market effectively, communicate well with potential business partners, and have a good work ethic.
Unfortunately, most who have dreams of making their fortune in this industry will end up being disappointment and broken dreams. I don��t mean to sound so pessimistic here, but that is the truth. Not everyone succeeds, and many will give up shortly after becoming involved when they don��t get the results they were hoping for. And I can understand why these people become discouraged; they are trying to promote a business in which they are not yet having success. It��s a hard thing to do.
And when they finally do get their first one or two sales, they don��t even get paid for their efforts! That money, that they probably need to help pay for their marketing expenses, goes straight into the pockets of someone else.
The truth is, those first few sales will always be your hardest. One you��ve made your first 3 or 4, it gets a lot easier, because in the back of your mind you know you��ve already had some success, and that it works. But when you��re starting out, you don��t have the results yet. And by using the Pass Up system that so many Home Business company��s use, it only makes things harder.
For decades, this was the way things were.
But in 2005, along comes LifePath Unlimited. LifePath, the new kid on the block, completely reinvents the compensation plan- and in its wake, countless other home business companys fumble to catch up by copying LifePath, or by getting left behind.
The founders of LifePath decide to eliminate the pass up compensation plan on the first product, Discovery. And what happens next? The success rate sky rockets! New Home Business owners can get paid US $1000 on each sale from the beginning. It��s a much more appealing proposition. Make a sale today. Get paid today. Simple, yet ground breaking.
This gives everyone a head start, and also helps when you��re promoting your home business opportunity to potential business partners. Faced with a choice of having to share their profit with a stranger, or being able to keep what they earn, it��s obvious why so many home business seekers are choosing LifePath.
But we haven��t even scratched the surface of the income potential yet. I mean sure, it��s nice to make $1000- and I still enjoy the feeling of making $1000 for a 30 minute phone call. But to make serious money, the kind of money that will allow you to travel first class, the kind of money that leaves you never having a financial worry again, you need to find an income source that doesn��t rely on you being there. You need passive income.
After all, there��s only 24 hours in a day- so if you want to take things to the next level, and create serious wealth, you can��t rely on trading time for money, like the majority of the population stuck in the Rat Race do day after day.
And that��s where Breakthrough and Destiny come in. These products carry a much higher profit for you- US $5000 and $9000 respectively. So each time someone in your organisation decides that they want to take things to the next level, it��s like getting paid for 5 or 9 Discovery sales in one go!
Easy money.
On a side note,[link widoczny dla zalogowanych], I still remember to this day the first Destiny sale I got paid for. In Australian dollars, it worked out to be around $12, 000... I woke up that morning, logged into my online banking account, and at first I thought there was some kind of mistake. I thought that the bank must have accidentally deposited someone else��s money into my account.
But then I realised that it was from a Destiny sale I��d made just a few days earlier... and for the rest of the day, I couldn��t contain my excitement. It just seemed so damn easy...
Prior to starting my Home Business with LifePath Unlimited, I��d worked as a slave gardener, getting paid $25 an hour (which at the time, I thought was good money- funny in retrospect! ). To put things into perspective, I would have had to work 12 hours a day, 5 days a week, for 8 weeks to make $12, 000 my old Job. So you can see why I��m so thankful for stumbling across this business on the internet in 2008. And to think, I almost didn��t get involved because I was afraid that my friends and family would laugh at me...
Anyway, I��m getting a little off topic there. Back to explaining the compensation plan.
This is where things get a little tricky.... You see,[link widoczny dla zalogowanych], the compensation plan for Breakthrough and Destiny is a little different than that for Discovery.
Discovery��s compensation plan is designed to help you get your business up and running in as short a time as possible.
But Breakthrough and Destiny��s compensation plan is designed to allow you to make the kind of money where you can retire in as little as 2 years or less (my own Destiny mentor, a Perth resident, made over AUS $ 250, 000 in March of 2009 alone- which is the world record for any LifePath Home Business Owner).
So here��s how it works; LifePath has implemented a brand new system with their Level Activating Sales. Now before I explain what Level Activating Sales are, some definitions are needed.
Firstly, what are levels? Levels refer to the position of someone else in your organisation.
So let��s say that you were to choose me as your mentor. You would then be in my Level 1, since you are directly underneath me. If I were to have another person join my organisation, they would also be on my Level 1.
Shortly after starting your home business, you��ll make your first Discovery sale to someone else... let��s call her Catherine. Catherine would then be on your Level 1, since she is directly beneath you. But Catherine is on my Level 2, since she��s under you, and you��re under me. Do you see how that works?
Your organisation can go as deep and wide as you can imagine... indeed, some of the top earners in this industry, who are clearing half a million each year, have enormous organisations that they��ve built up over time. The guy I just told you about, who made $250, 000 in March of 2009, had an organisation of around 550 people at the time, so you can see how he made such a large amount of money.
So back to the Level Activating Sales. In order to earn either Breakthrough or Destiny profits on each level in your organisation, you need to be activated on that particular level. To become activated, you only need to make one sale on that level.
Confused? Let me explain it to you with the diagram below;
You can see that there are 3 people on your Level 1; Adam, Amy, and Alicia.
Now when Adam decides that he��s ready to invest in Breakthrough, and to position himself to begin earning those US $ 5000 profits, this will be your Level 1 Activating Sale (highlighted in red). And this will go to your mentor, as part of his/ her residual income.
Now this will hurt a little, I must admit. Having to forgo US $5000 is a little disappointing. But in the long term, it��s necessary for you to earn the big bucks. Here��s why;
You only have to ever forgo one sale on each level; the very first sale you make. But from that point on, you get to keep every other Breakthrough sale on that level. You never pass up any more sales.
So in the diagram above, you��ll get $5000 from both Amy and Alicia when they purchase Breakthrough- which will pay you a combined total of $10, 000. And you��ll get every other Breakthrough commission you earn from those on your Level 1.
For Level 2, the process just repeats itself. When Beth decides to purchase Breakthrough (in red), this will be Adams Level 1 Activating Sale, but it will also be your Level 2 Activating Sale, since it��s the first Breakthrough sale you��ve had on your Level 2. So therefore, it goes to your mentor as part of their residual income.
Your residual income will start to come in shortly after. Amy will have her Level 1 Activating Sale (from Ben) and so will Alicia (from Barry). So you��ll make $10, 000 in residual income. As your organisation grows wider and deeper, your residual income will grow exponentially. It may start off slowly in your first couple of months, but can become a serious passive income source for you down the track.
But what about Destiny, LifePaths third product with a $9000 profit attached to it?
It��s exactly the same deal. You��ll make a Level Activating Sale, but from that point on you��ll be in a position to earn some serious residual income. The only difference from Breakthrough is that you��ll make a lot more money; instead of making US $5000,[link widoczny dla zalogowanych], you��ll make a whopping US $9000,[link widoczny dla zalogowanych]! As you can imagine, it doesn��t take many Destiny sales to become a six figure earner.
Is This A Pyramid Scheme?
Every now and again, I��m asked if this is a pyramid scheme. And when I was doing my due diligence on LifePath, I wondered about that myself.
By definition, a pyramid scheme is when all members must pay an activation fee of some sorts, which can often be quite expensive (several thousands of dollars perhaps). With this ��activation�� fee, members are now ��qualified�� to recruit other members. And the only way they can make their money back is by recruiting others to do the same thing.
The problem with this type of business model is that there is nothing of real value being exchanged. There is no real product with intrinsic value- it��s all about the income opportunity. For example, the chain letter is a form of a pyramid scheme. It involves people sending out letters and asking the recipients to send back some money (usually in order to learn a ��secret money making method��. However, the ��secret�� usually ends up being ��send a letter to 1000 people, and ask them to send back some money in order to learn the secret.
I��m sure you can see the problem here- there��s no real product being exchanged. It��s just an income opportunity. And then there are companies out there who have very weak products, and are obviously more about the income opportunity. The products are sold at hugely inflated prices, which only makes it harder for the members who don��t feel strongly about what they are promoting.
When I was doing my due diligence on LifePath Unlimited, I wondered if they belonged to the above category. I wondered if the founders were really just in it for the money. But then I found out that LifePath offered a 56 day Money Back Guarantee on Discovery, their first product. But this was no ordinary guarantee. What was really incredible about it was that LifePath stood to lose $1000 each time someone was unsatisfied with Discovery.
Let me explain. If you were to become a Discovery Representative, by investing the $1750 into your business, you would then be able to earn $1000 profits on each Discovery sale you made- and LifePath would earn the $750 wholesale cost.
Now if you were to bring someone into the business, and they were to buy Discovery, then you would earn your $1000 profit. That would be yours to keep, and you wouldn��t have to share that with anyone. But let��s say that your new business partner was unsatisfied with Discovery, and wanted their money back. They would then contact LifePath Unlimited, and would receive the $1750 they paid in full, no questions asked.
But here��s the great part..... you would actually get to keep your $1000. LifePath would return the $750 wholesale cost, plus they��d pay an additional $1000 out of their own pocket just so you can keep your profit. To me, this guarantee was what sealed the deal. It really impressed me that they were willing to stand behind their representatives like that, and truly believed in their products intrinsic value.
Very few Home Business company��s are prepared to offer a money back guarantee. And even fewer still will offer a refund where they stand to lose $1000 with each refund.
So hopefully, this report has made things a little clearer for you.
You can probably see why I��m so sold on LifePath. Prior to starting this business, I had never envisioned that I could earn hundreds of thousands of dollars each year (especially when I��m in my twenties). But with this compensation plan, it��s very possible.
I��m not saying it��s easy. You��ll have to roll up your sleeves and put in some hard work to build the foundations; but I think you��ll agree that for the amount of money you can make, it��s well worth your effort.
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