Blog Archives

Tips on Earning Top Residual Income

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.

Article Source:
http://EzineArticles.com/?expert=Rae_Mcgaughey

3 Tips On Making A Residual Income

Residual Income

residual income

The all mighty residual income, becoming more and more the holy grail of income as people find out about it. But how many people are actually making a real residual income? How difficult is it to make a residual income? Can you make a residual income without knowing much about it?

The answer to these questions is definitely in the affirmative. More and more people are making residual income and realize that residual income is the only way to go. Rather then sell your time for 50 years, invest your time and get paid for that initial investment forever.

So here is what you need to know about making a residual income. There are lots of ways to do it but the most important thing is to pay attention to your own strengths and weaknesses. Starting a residual income business in an area you have strength is absolutely the way to go. Here are some tips to make a residual income:

1. Start your own network marketing or MLM business. My favorite and most personally lucrative way to make residual income is through owning your own network marketing business. For the person looking to start up at low costs, without the painful work of creating a business from scratch….Network marketing is the way to go.

Usually the companies have the products, tools, and marketing strategies all in place and all it requires is your very hard work and earnest effort and you can make phenomenal residual income.

2. Make a residual income by finding products that are highly consumable you can market. Would you rather sell the razor or the razor blades? The razor gets bought once but the blades get bought forever. If you are involved in a business where you sell an item like a refrigerator you are out of business until your next sale.

Highly consumable products or monthly services are the best way to earn residual income.

3. Most importantly, continue to educate yourself and expand your abilities. In our new economy the people who make the most money are the ones who can adapt to the changing business environment the quickest. Residual income is on the rise and if you keep your eyes open there are infinite possibilities available to you.

In summary, you can make a residual income by investigating the network marketing business model, finding highly consumable products, and constantly growing/expanding your abilities. Follow those 3 tips and you will be well positioned to make a residual income as the business environment shifts in that direction over the next few years.

To get the real tips, strategies, and pain saving lessons on how to build a residual income the right way visit: http://www.JonathanBudd.com

Article Source:
http://EzineArticles.com/?expert=Jonathan_Budd

The Parable of the Pipeline: How Anyone Can Build a Pipeline of Ongoing Residual Income in the New Economy
by: Burke Hedges
publisher: I N T I Pub & Resource Books Inc, published: 2007-01
ASIN: 189127922X
EAN: 9781891279225
sales rank: 264383
price: $8.95 (new), $6.35 (used)

 

Residual Income

June 2018
M T W T F S S
« Sep    
 123
45678910
11121314151617
18192021222324
252627282930  

Search Residual Profits

Disclosure Statement

We only recommend products and information that we own or have otherwise personally checked out ourselves . For doing so we may receive compensation. The information on this website is opinion, based on personal research and experience. It is not intended to treat or cure any mental, emotional, or physical conditions, resolved any psycological or emtional disoder. Nor can we promise that anything we recommend will fix and fiinancial predicament you might find yourself in. Results are unique. Your results will vary. Always consult a qualified health care provider before making any changes to your health care regiment.

Right Column Widgets

Welcome to the Right Column for the Evening Shade theme. You can put a variety of widgets in this location and to manage where they are published in your site, you can download the Widget logic plugin.