Most people in network marketing or multi-level marketing today joined in the opportunity in order to earn top residual income. First off, what is residual income? The definition from wikipedia.com states:
“Residual Income (also called Passive Income) is income earned on an ongoing basis for effort done once in the past.”
So in order to earn top residual income, it would be assumed that you want to start a business with a company that:
1) offers an incredible commission structure, and
2) offers income to be paid for many levels, or better yet, to infinity.
Many MLM companies offer anywhere from 4% – 15% commission overrides, and that is where the residual income comes in. However, there are some companies out there today, that are not like a traditional MLMs, and offer top residual income per sale of anywhere from $500 to $1,000.
Many marketers today are turning away from the traditional MLM companies and joining other higher commission companies because it’s extremely hard to succeed with small commissions on the products being sold, and a continual effort of trying to maintain a team. So much time is involved with training new team members, ultimately for free, in the hopes of having an “ace” come on board, and many times, the person that was trained drops out after only a couple of months because they have seen no progress and no money coming in.
Some of the non-traditional network marketing companies out there today offer the commissions up front AND the residual income on the back end, so the mentor or team leader is motivated by making the sale and earning a hefty commission on the front end, as well as motivated to train the new team member because they know they will earn top residual income down the road for many levels, if not into infinity.
It is true that many network marketers that are in traditional MLM do make some money. But with a 97% failure rate – the majority never make a dime in this industry. It’s upsetting and sad…but also very true.
Tips to Earning Top Residual Income:
Tip – Pick a company that offers an excellent commission and compensation plan.
Tip – Pick a company that offers a product that has longevity, and make sure there is an actual product being sold.
Tip – Be willing to take the time to learn from the top earners in the company.
Tip – Be willing to implement what you learn into your business.
Doing due diligence is crucial when it comes to picking a company that will allow you to earn top residual income.
It doesn’t matter if it’s traditional or non-traditional network marketing, it does take work to build a business in order to earn residual income at all. But it doesn’t have to be hard work, it just needs to be smart work.
Rae McGaughey is a Home-Based Business Specialist. She offers a FREE Report entitled “The Residual Truth” which you can obtain by visiting her website at http://www.WealthInMarketing.com/GRN_Articles.html
You may also contact her for a FREE 30-minute one-on-one consultation at 303.940.8875.