MONEY MAKING CLUB DAY-2 TRAINING | BY JATIN KAMNANI

What is the Secret Industry for Making Money?

Introduction to the Journey

• The speaker shares advice from a mentor about having a big plan to make significant money, hinting at revealing a secret industry that can impact lives positively.

• The speaker reflects on their personal journey over the past five years, detailing how they became part of this secret industry and achieved financial success, including purchasing a luxury car at 19.

Early Involvement in Business

• The speaker's journey began while pursuing 12th grade when they were introduced to their father's business, which sparked an interest in entrepreneurship.

• They discovered a platform within this secret industry that opened their mind to new career possibilities and potential for success.

Understanding Business Fundamentals

• Before discussing the platform, the speaker emphasizes understanding what business is and how it operates, suggesting all attendees are interested in starting their own businesses.

• A brief overview of business structure is provided: manufacturers produce goods, distributors move them through channels (wholesalers and retailers), ultimately reaching consumers.

Role of Advertising in Business

• The importance of the advertising industry is highlighted as crucial for moving products from producers to consumers effectively.

• An example involving Lux soap illustrates how products reach consumers through various intermediaries rather than directly from manufacturers.

Modern Business Models

• The speaker discusses contemporary successful businesses like Ola, OYO, Zomato, and Netflix, explaining how they operate as mediators rather than direct producers or service providers.

• These companies thrive by creating efficient channels between suppliers and consumers while generating substantial profits without traditional manufacturing roles.

Transitioning to Time Leverage Concept

• The discussion shifts towards creating personal business models that secure future happiness and financial stability.

• Before diving into specifics about the secret industry platform, the concept of "time leverage" is introduced as essential for maximizing productivity and achieving goals.

Understanding Time Leverage in Success

The Concept of Time and Success

• Everyone has 24 hours in a day, including billionaires and successful individuals. The difference lies in how they utilize their time effectively.

• Leveraging time is crucial; for instance, if you work 8 hours alone, it’s limited compared to collaborating with thousands who also contribute 8 hours each.

• This collaboration can result in a total of 8000 hours of work, showcasing the power of time leverage in business and personal success.

Introduction to Forever Living Products

• The speaker introduces Forever Living Products International as a transformative brand that has positively impacted millions across over 160 countries since its founding in 1978 by Rex Maughan.

• In India, the company has been operational since 2000 and is nearing its 24th anniversary, with over 3000 offices worldwide and more than 20 offices located within India.

Business Model Overview

• Forever Living Products specializes in nutraceutical products focusing on aloe vera and bee-derived products, positioning itself as a world leader in this niche market.

• The marketing plan operates on levels similar to various sectors like politics or corporate environments where different positions correspond to varying levels of income potential based on individual capabilities.

Joining the Community

• To become part of Forever Living's community, one must fill out an online sign-up form which grants them a unique ID (FBID), marking them as a "novice customer" eligible for discounts.

• As novice customers, individuals receive a straight discount of 5%, but there are further opportunities for those interested in building a business within this framework.

Progressing Through Levels

• After the novice level, participants can advance to the Assistant Supervisor level which allows eligibility for conducting business across multiple countries while earning money.

• At the Assistant Supervisor level, members enjoy increased discounts (30% plus an additional personal bonus), opening new income streams through bonuses associated with new joinings.

Income Potential at Higher Levels

• Advancing through levels not only provides better discounts but also opens up new income opportunities. Understanding profit percentages becomes essential for maximizing earnings within this structure.

Assistant Supervisor Level and Its Benefits

Overview of Assistant Supervisor Level

• The Assistant Supervisor level offers a 30% discount plus a 5% personal bonus, with an additional 25% new joining bonus when starting in the business.

• To qualify for this level, one must generate a turnover of 2 CC (Commission Credits), demonstrating commitment to the business.

Transition to Supervisor Level

• After achieving Assistant Supervisor status, individuals can advance to the Supervisor level where the percentage increases to 30% + 8%.

• At the Supervisor level, the new joining bonus rises from 25% to 33%, reflecting increased profit potential.

Advancement Through Manager Levels

Assistant Manager Level Insights

• The Assistant Manager level further increases profit percentages to 30% + 13%, with a new joining income of up to 38%.

• This position is considered a dream level for many Forever Business Owners (FBOs), as it allows for significant earnings.

Manager Level Earnings Potential

• At the Manager level, individuals can earn over ₹1 lakh due to higher discounts and bonuses available at this tier.

• The total discount at this level reaches up to 48%, alongside a new joining bonus of approximately 43%.

Income Potential Across Levels

Income Generation Strategies

• Starting at the Assistant Supervisor level, income potential ranges from ₹0000 up to ₹40 per month based on performance and training received.

• Achieving higher levels requires generating substantial revenue; for example, moving from an initial turnover of ₹38,000 at Assistant Supervisor requires reaching around ₹4–5 lakhs for subsequent levels.

Community Building Importance

• Success in advancing through levels relies heavily on community support and collaboration among team members.

Achieving Higher Revenue Goals

Pathway from Supervisor to Assistant Manager

• To reach the Assistant Manager level, one needs to achieve a revenue target of about 75 CC or approximately ₹1 lakh.

Team Development Strategy

• Building a strong community by helping others achieve their goals is crucial; supporting three or four key individuals can lead you towards becoming an Assistant Manager.

How I Managed My Life and Career in the Last Four Years

Introduction to My Journey

• The speaker shares their experience of earning over ₹1 lakh monthly for the past four years as part of a professional platform, highlighting that more than 100 managers in their community achieve similar success.

Starting Point

• The journey began in October 2019 when the speaker was a 12th-grade student helping their family with business. They learned about this profession through someone else and decided to pursue it seriously.

Decision to Pursue a Career

• After discovering the profession, the speaker made a personal decision to understand it better and build a career around it. They started working with Forever Living Products.

Rapid Progression

• Within just 45 days, they qualified as the fastest supervisor in their community. Six months later, they became the youngest manager at Forever Living Products during a challenging time (April 2020).

Achievements Amidst Challenges

• Despite global lockdowns affecting many businesses, the speaker's monthly income exceeded ₹1 lakh shortly after qualifying as a manager, showcasing resilience during tough times.

Understanding Forever Living's Structure and Incentives

Levels Beyond Manager

• The company offers multiple levels beyond manager, including senior manager and various other managerial titles. Each level has its own set of incentives.

Car Plan Incentives

• After becoming a manager, individuals can qualify for car plan incentives across three levels:

• Level One: ₹2,000

• Level Two: ₹39,000

• Level Three: ₹52,000

Passive Income Concept

• The concept of passive income is introduced; it's emphasized that true passive income comes from building an ecosystem where efforts lead to ongoing earnings without constant work.

Incentives and Recognition Programs

International Tours and Events

• The company organizes international tours based on specific criteria such as Eagle Manager Retreat and Global Rally events that celebrate achievements across countries.

Chairman Bonus Structure

• The Chairman Bonus is highlighted as one of the highest forms of income within Forever Living:

• Level One: ₹5 lakhs to ₹30 lakhs annually.

• Level Two: ₹50 lakhs to ₹2 crores.

• Level Three: Up to ₹11 crores depending on individual effort.

The Snowball Effect in Business Growth

Understanding Snowball Effect

• The snowball effect is explained using an analogy where initial small efforts grow exponentially over time into significant results—similar growth can be expected in this profession with consistent effort.

Understanding Business Growth and Income Potential

The Journey of Building a Community

• Efforts in business lead to community building, where initial efforts yield significantly higher income over time.

• Income is directly proportional to the level achieved; higher levels result in greater income with less effort required.

Starting Points for Business

• Traditional businesses often require substantial investment (₹5 to ₹15 lakhs), which limits growth potential compared to other models.

• Opening a shop or factory represents conventional business approaches, but alternative platforms offer lower entry barriers.

Unique Opportunities with Forever

• Achieving the Assistant Supervisor level allows expansion into over 160 countries without significant upfront costs.

• The eligibility for earning through this platform is extensive and offers lifetime opportunities, contrasting sharply with traditional business limitations.

Online Business Advantages

• This model allows for online operations without needing physical office space or large product inventories.

• 95% of operational tasks are handled by the platform, leaving only 5% for individuals to manage effectively.

Steps to Get Started

• To succeed, one must learn how to navigate the platform effectively and achieve personal goals through it.

• Key actions include downloading the My Forever India app, coordinating with mentors, and filling out necessary forms for participation in training sessions.

• Attending upcoming sessions will provide clarity on earning potential (up to ₹30,000/month), emphasizing the importance of preparation and engagement.