How to get success? Today’s post is about creating network marketing success and why passive income is a big part of that success. In network marketing all we need to do is work hard for the first few years and then the business should start to generate passive or residual income income with very little effort from that point onwards. A bit of maintenance will be needed as seen in any business but its not as time consuming and frustrating as a traditional marketing business can work out to be.
What Is Passive or Residual Income?
Years ago when I first began my network marketing business I had no idea what the words passive or residual meant where income was concerned. I was just used to getting a pay check each week and thought nothing more about it. It was only after being introduced to network marketing was I introduced to the secret behind creating wealth. Work once and get paid multiple times!
From where you are to where you want to be … Eleven years on and many books later I now know that I can earn while I sleep. Back then I just couldn’t earn while I slept. I was a chef and I had to cook to earn my weekly salary.
My income was very linear – Steps To Succeed In Life – Is this going to happen?
- If I worked I got paid.
- If I did not work or
- If I took too much time off I lost income.
- I could never imagine getting compensated for work I had done the month before, the year before or the decade before.
- I had to constantly keep working if I wanted money to pay the bills.
So how to get success if I was working so hard? From where you are to where you want to be – I had to think of ways to change 🙂
An Example Of Residual Income – How to make life successful!
Did you know that residual income is one of the three principles upon while financial freedom dwells upon.
Here is another principle of financial freedom – The Power Of Leverage!
This is the power of residual income – It flows in even when you die.
- Do you know someone who in 2005 had made over 31 Million dollars?
- Did you know that he was not EVEN alive when he made that amount?
- Did you know he had died in 1980.
Who is this someone?
That person is John Lennon. Did you know that John Lennon began recording music in the 60’s. He was murdered in December 1980. Twenty five years later he was still being paid for his work begun in the 60’s.
Can you imagine that – How To Be A Successful Person!
Secret on How to get success: Now many of us cannot be the John Lennons nor actors, signers or other gifted people. We may not be as talented or gifted as these people. Yet we can still go on to create income streams that will pay us well in this lifetime and years into the future.
How is that possible?
If you like this concept of earning whereby you can earn while you sleep. Earn well in this lifetime and yet leave a legacy for family or community then drop us an email by clicking the link here!
Key principle to success in business is through passive income.