Interesting thought, right? Either this or that. You can be making Residual Income for life; or you could not. It was back in 2010 when I first heard of this. I didn’t even know what the term meant.
Residual Income/Passive Income: An income received on a regular basis, with little effort required to maintain it.
When I first learned this, I asked myself; “So, I could either work and get paid, or I could work and get paid for life because of it…?” I understood how this worked -Â I needed to join a Network Marketing company and go on auto-ship. But which company? There are hundreds. Software MLM companies. Drink MLM companies. Health food MLM companies. Jewelry MLM companies. The list goes on. I knew that everybody wanted to lose weight and feel amazing. I new that the foods you eat (or don’t eat) directly effects your health – so I knew that a Health and Wellness company would be right up my alley – and also something that a lot of people would be interested in. I joined, and never looked back! I wanted Residual Income!
Main Pros And Cons To Working At A J.O.B.
We have all worked at a job. All of us. We know what it’s like. Some are more fun than others. Some are more rewarding than others. But it all boils down to your check.
- Advancement is limited
- Hourly wage/salary is limited
- Potentially bothersome coworkers
- Income is NOT Residual. If you want to get paid, you have to work again. Stop working, and stop getting paid.
-You are paid on a consistent basis usually with a consistent amount
Main Pros And Cons To An MLM Business
- Ultra small investment
- You are your own boss
- You work from home
- Your income is uncapped
- Your income grows as the people you have sponsored tell others, and so on
- You work with only like-minded individuals
- You lose weight and feel amazing as a side effect (in the company I am with)
- True Residual Income for life (there are companies who cut off your income at a certain age – not us)
How Do You Succeed In MLM?
Simple. Sponsor reps. Just tell others about the business opportunity or product benefit. When people see the opportunity and want to do it for themselves, you simply sign them up. Repeat this process over and over and you will be sitting on a yacht before you know it. Be sure to read, How To Make MLM Work.
If you simply sponsor reps and walk away – you are setting yourself up for disappointment. Why? Because your down-line/team doesn’t know what they are doing. Line them up with MLSP and you are golden. They can now teach themselves exactly what needs to take place in order to have endless prospects in front of their business. The cycle continues.
Simply Comes Down To Choice
Having an MLM business is not hard. Not even a little.Â Building Residual Income really comes down to choice. Either you want it, or you don’t. Yes or no. Black or white.Â People tend to fear the unknown. They fear that they are going in to something with a blindfold on and nobody will be there to help them. This, in most cases, is true. Many people join their mother or their brother – who haven’t a clue what they are doing. This ‘cluelessness’ rubs off on the newcomer and pretty soon they both drop out because they haven’t sponsored more than a single person.
I assure you that this is not the case when you join a leader. See, leaders want to help. They can see in you, what you don’t yet see in yourself. They can help you improve where you are lacking and push you to where you never thought you could go.Â There is really no reason to fail. When you have all the info you need sitting right on your lap, building residual income comes down to choice. Either you want to follow the steps, or you don’t want to follow the steps…
Another article you should read, is Residual Income, over on John Chow’s high-authority site.
“Keep doing what you’ve always done; and keep getting what you’ve always gotten…”
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