Network Marketing Residual Income

Network Marketing Residual Income

What is Network Marketing Residual Income? It is income that keeps coming in long after the initial work is finished. Besides creating this extra income through network marketing you could also be a huge celebrity singer. Elvis Presley is the “KING” of residual income. He stopped making music many years ago, but is still making money to this day. In case you have been living in a cave, he is dead, and still makes more money every year than most people. Do the work once, get paid for life.

If you are planning on retiring on Social Security, your savings, or a 401k, think again. USA Today, recently wrote that if you are age 35 today and would like to retire a age 65 with the same income you make currently, you will need to have $350,000 in the bank today earning interest at 10% just to keep up with inflation. Over 99% of Americans today live paycheck to paycheck and have no hope of this ever changing. Also, more and more people are frustrated with their jobs and their relationships.

IS THE LACK OF MONEY REALLY CREATING ALL OUR PROBLEMS IN SOCIETY?

I do not think it is the only reason, but think about this for a minute. If you had an extra $2,000 a month coming in, would it help solve some problems? What about an extra $5,000-$10,000 a month on top of your regular job? (assuming that you keep it!) What would that change for you? I am sure there are many examples you could think of that would revolve around the worrying of money. Or, the lack of money.

THE NEXT BIGGEST ASSET IS TIME

What you need to succeed in a traditional business is TIME. This is where I found myself when I was introduced to Network Marketing. I was making a good income, but working so much that I was stressed and rarely seeing my wife. When I was shown how you could create income through MLM I was very open minded. I had no other alternatives, and neither did my friends. Does this sound familiar? Let me explain one very important point in all of this. You may have an income of $100,000 or more a year, but guess what? You do not have LIFESTYLE. Your stay at home wife does, but not you. To have lifestyle you need time and money!

3 KEY POINTS FOR BEING SUCCESSFUL in MLM:

Get “sold” on residual income and “unsold” on traditional ways of creating money. Tratitional income by the way is “TRADING HOURS FOR DOLLARS”

Be TEACHABLE. If you have never been in MLM before, do not think that the same rules apply as with a traditional business.

Be DUPLICABLE. If someone cannot duplicate what you are doing, then you will never build a team of networkers. GROW or DIE!

Hopefully you are “unsold” on your current way of making income. Maybe you will spend less time chasing the dollar 80 hours a week, and start pursuing $RESIDUAL INCOME$.