June 4, 2020

Residual Income

Have you been in a company which committed "corporate suicide", been "down-sized", or worked for a boss "threatened" by the talent of the subordinates? Did your company's management sell off the company and get golden parachutes, while the company was dismantled? Can you work for any company for 25-30 years, retire with income for life, and never need to work again?

You need to do more for yourself and your family. What if you get too old to work, suffer an illness or accident, or just want to stop the rat race of everyday life? Why not try an alternate source of income that will continue to grow and result in residual income for you, and your family?

Residual income results from building teams of people who follow a plan for marketing a product or service through teams of people who follow the same plan. These teams sell directly to customers and build teams of other direct marketers who in turn build more teams, reaching more potential customers. It is a lot of people doing a few things. You receive compensation based on your sales to customers and on the sales of your teams.

This simple concept is followed in many network marketing companies today and in the past, such as:

  • AFLAC 
  • Avon
  • Arbonne 
  • LegalShield
  • Juice Plus+
  • Univera
Actually, every company operates similar to network marketing companies. The person at the top earns the most, and a large portion of their income comes from the work of everyone lower in the organization.

We have heard, or even voiced, the horrors of network marketing. Like any industry, you should check out the opportunity, dig into the website, talk to representatives, look at the history, and verify claims for products and services. You should study the details of the opportunities to succeed.

Is the company's leadership professional, and is this professionalism apparent in the daily operation and taught to all representatives? Can you be passionate about the product or service? Will people want the product for themselves; is there research or proof of its value? Is the company solid financially; how long has it been in business? How good is the customer service for everyone, both customers and representatives?

Is the system of team building, able to be duplicated, and can you learn it and apply it easily? Do you have fixed territories? Can you take time off when you want, with no loss of position or the income built?

The idea is to run your own business, at your pace, gaining from your experience and efforts. Can you be a work from home spouse; can you work part time while you build your business? Can you leave the business, and its income stream, to your spouse/family, if something happens to you?

How hard is the "selling" part of the business? You should have a "personal" story about the product or service and a "business" story about how you became a representative. Company representatives who are customers have more validity than ones that are not.

How difficult will it be to establish a "team", and for your team members to establish theirs? The ability to help others realize their dreams of security should be a guiding value. Network marketing is a course in personal development disguised as a business.

If you are interested in a residual income, seek out information. Information is power; acquire it, and use it. Money will not "fall out of the sky": you have to work for it. Residual income is yours, subject to your efforts, even if you are on a beach. That's "Beach Money"! Now look at my website, WWW.SOC4Now.com.

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