This article aims to explain the importance of creating residual income and also to explain the need for individuals to take advantage of the network marketing business model if their dreams are to win from the bottom up. money and time. So, even if you are currently in a job or business, you have to be careful about network marketing in order to develop residual or passive income over time.
The most common way of defining residual income is "income earned while sleeping". Is it really possible to earn an income while you sleep all the time? This may seem strange to some people, but yes, it is possible.
The importance of residual income in a man's life finds expression in the statement of billionaire investor, Warren Buffet, in which he stated that "if you do not find a way to earn money while you sleep, you will work until you die ".
Residual income is a concept that many ignore without realizing that their future well-being depends on it. And with what result? With harmful consequences.
By going to work every day and receiving a salary at the end of the month, you simply exchange time with money. Your salary is not residual. If your work stops, your income stops automatically.
Let me explain the residual income with the following example.
Imagine two men in a village. Both must walk a mile each day to a river to find water for their families. After a month, a man begins to build an underground pipeline to connect the river to his house. For an entire year, he spends extra energy working on his pipeline. When he has finished, he has the water source directly to his house, while the other person continues to visit the river.
Residual income is like building a pipeline to connect the water from the source to your home so you do not always have to go to the river.
In this short example, you will notice that it took a while for the pipeline to be built. But after doing that, the man continued to enjoy the water supply effortlessly.
However, the second man who did not take the same initiative had to continue visiting the river for its water supply. What will happen if he becomes indisposed? He and his family will remain without water and suffer the consequences.
There are many business initiatives that you can leverage in your efforts to generate residual income. But I recommend network marketing, or MLM as some would like to call it because it does not require a ton of investment capital to get set up.
Many network marketing professionals have talked a lot about network marketing, but many still feign ignorance about it.
The reasons people will NOT LOOK at network marketing are NOT:
• because they do not have money.
• because the opportunity or the company is not good.
• because they fear being scammed.
• because the profit margins are not high enough.
• because the demand for the product is not wide enough.
• because they must first ask their spouse.
• because they need one night to sleep on it.
• because they need more time to search the company.
• because they need to reach you on the phone.
• because they have to ask other people on Facebook to see if you are a good sponsor.
• because they need to see your bank account to prove the results.
• because they do not believe it.
The real reason they do not join the commercial network marketing opportunities is that they have been conditioned by society to be consumers of goods and not producers.
.They have been conditioned to buy "education" but not to buy knowledge.
They were conditioned to have a "job" but not to own a "business".
. – They were conditioned to be workers but not to be their own bosses.
These are non-thinkers instead of fetching
They are intimidated by everything that challenges them.
That's really what it's all about. It is about people who are so afraid to learn, to get out of their comfort zone and to be paralyzed by their fears.
It's about being comfortable and worrying about what others might think. It is about their family thinking that they are failing if they are doing anything other than having a job.
If you are currently working, be aware that you only exchange your time and effort for the paycheck you receive at the end of the month. It does not matter, but by going to work every day, you do not generate residual income that is the pipeline that will allow you to get water without having to go to the river.
Given what has been described above, what should you think of doing now? Continue your work, but in parallel with your work, contact a network marketing professional to create a network marketing business that you should do part-time. The little part-time effort you devote to the company will soon yield a significant result.