(Besides your boss, that is.)Guest post by Linda Gracy
Let me address that question by asking you another question: If you were going to do a one-time job, and you had two choices for getting paid, which of the following would you choose?
A) $50 one time
B) $10 per month for the rest of your life
Obviously, “B” is a MUCH, MUCH better deal. It’s called “residual income” and it’s much like writing a best-selling book or a hit record and getting paid royalties on it forever.
For example, I read that Elvis Presley made over $40,000,000 last year . . . and he’s been dead for decades! (Or MIA, anyway, depending on which theory you subscribe to. )
If you’re like most people, you have a job. The problem with most jobs is that it’s like option “A.” When YOU stop, the money stops! You’re trading hours for money, and you can’t build wealth that way. To build wealth, you need to tap into Residual Income.
Residual Income is of course one of the crown jewels of a good network marketing compensation plan. As a distributor, you can refer other distributors and earn commissions on their efforts as well as your own.
And then you will receive commissions on the production of the people they refer, and the people they refer, and so on.
Some people call Residual Income “Passive Income,” and in a lot of ways it is. What do I mean by that? That means that top earners can take weeks off at a time if they choose. They can go on a month-long vacation. When they return, their commission checks will be waiting for them in their mailbox. (Or, with many companies, you can do like I did, and choose to have your checks direct deposited into your bank account. That way, you won’t be worrying about your check sitting in your mailbox while you’re visiting the Eiffel Tower.)
Indeed, your commission check often will have INCREASED while you were off with your family on a cruise, a trip to Europe, or golfing, boating, or relaxing on the beach!
How can this be, you might ask? The fact is, if you’re like most people, you’ve been wrongly
conditioned your whole life to think about income as a process of trading time for money, which
is actually an ANTI-wealth program.
I can guarantee you that Bill Gates, Warren Buffet, and Donald Trump don’t make their money
Another reason why you’ve probably been stuck with the J.O.B. (“Just Over Broke” or, alternatively, “Journey Of the Broke”) mentality is that, frankly, there have been VERY FEW real opportunities for the “little guy” to tap into significant Residual Income. Network Marketing has changed all that, by providing a way to market goods and services that people use every day – and pay for every month. This makes Residual Income (and many other benefits) available to people from all walks of life.
With network marketing, just a few personal referrals can, over time, turn into hundreds, even thousands of affiliates generating hundreds or thousands of dollars in sales . . . many on which you can earn a percentage.
And, unlike a job, the income doesn’t stop when you stop, because it’s not dependent on you. Rather, your income can continue indefinitely and can even increase as time goes on because the large, global sales team you started, with your handful of personal referrals, continues to flourish because of many, many others who have a vested interest in its ongoing success.
By the way, Donald Trump was once a guest on the David Letterman Show. You may have seen it. As the interview came to an end, Dave looked at Mr. Trump and asked very seriously,”If you lost everything, and I mean EVERYTHING, what would you do to get it all back?” Mr. Trump, without hesitation replied, “Network Marketing.” Immediately there was laughter and snickering from the audience — I guess most of them thought he was joking. Donald Trump turned to face the audience and as politely and graciously as possible, smiled and replied, “That’s why you’re out there, and I’m sitting here.”
Linda Gracy is a career veteran of network marketing. She has helped hundreds of entrepreneurs achieve financial freedom, and is dedicated to helping thousands more reach their dreams. She loves working from home with her husband and menagerie of rescued cats and dogs. You can learn more about her at www.YourWealthIsYourFreedom.