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Residual Income Opportunities Article
1. RESIDUAL INCOME OPPORTUNITIES
Can Lead To
Total Life Changes
There are a lot of legitimate residual income opportunities that can change your
life for the better. I've seen people start with very little money and build a large
business just on residual income alone. It takes some work in the beginning, but
it's all worth it when you see the money coming your way. For some people, the
income is MASSIVE.
Residual income is where you do something once and you get paid on it over and
over again. Authors of all forms, whether it's books or songs or motion pictures,
receive residual income from their creations. The same can happen for some major
stars, producers and directors of television shows, movies and commercials. There
is nothing better than getting paid over and over again on something you did only
once.
Today, anyone with desire can earn residual income. That's one of the biggest
appeals about network marketing. The same is true for affiliate marketing. Let's
look at both a little more in depth.
People who are successful in network marketing make the bulk of their income
when they bring in new representatives to their businesses. These new recruits will
add customers and other new representatives to their business and on down the line
to unlimited levels. Many companies offer commissions and bonuses to
representatives on the first 7 or 8 levels. After a promotion, you will be allowed to
earn more money on each level and deeper in your downline. Many companies will
have several different promotion levels and offer more money every time.
Affiliate marketing is another popular way to earn residual income. This is where
you promote someone else's product and you get paid on any sales that are tracked
to you. This could be in the form of a banner ad that is located on your website.
The product owner does the majority of the work. You do two things: promote
their product and collect their checks.
You don't always have to be a customer with many of these companies you
promote either. The owner pays you because they wouldn't have received a sale
without your help. Many business owners need websites, auto responders, and
2. other products and services to make their businesses click. You promote these
services on your own and when people buy from you, you earn commissions.
Some can be pretty hefty. One item I promote has a payout of $90 per sale. If you
get 10 sales in a month, that's $900. If you make 100 sales in a month, that's $9000.
Whether it's network marketing or affiliate marketing, your total life changes
forever. It’s what I call working SMART and not HARD for a living.
This is how someone who has very little money to invest can make a lot of money.
This is also how someone who has a lot of money to invest can make even more
money.
Not only is the income problem solved, so is time freedom. People who earn a lot
of money with residual income can devote more time to family and friends. It
helped me find the time for my kids and all of their sports activities. I have the
luxury to drive them to and from practice and watch their games. This was my
main purpose for starting a business with residual income.
The reality of residual income
If residual income is so great, why isn't everyone doing it?
Setting up multiple streams of income from affiliate marketing doesn't take long to
prepare, but the biggest challenge is getting enough visitors to make some sales. If
you have no visitors, you have no sales.
A website that you build on your own is the best way to go. There are a lot of web
hosts out there that can serve you. There are some that are next to nothing to pay
per month. If that's all you can afford, then go for that.
However, I suggest getting a host that will help get traffic for you with keyword
searches and do follow ups with an autoresponder.
In network marketing, the hope is that your new recruit will get some customers
and add many representatives to build a big business. The reality is that most
people will struggle doing just that. Many people will give up and claim that
network marketing is too hard for them.
3. More often than not, the biggest reason that people quit is because of inactivity on
their part. They got excited about the business opportunity one day and lost interest
the next. I've heard a lot of different excuses, but the one that usually happens is
that a friend of theirs criticized them for spending money on a business. This so-
called friend convinced the new business owner that they're not going to make a
dime on it. This person is usually broke and has no real knowledge of how to make
money. But, the new recruit believes this friend anyway.
For some people, it only takes one putdown. They're done with network marketing.
To see total life changes for you and your family, you have to have a harder shell
than that. Don't listen to people who don't know what they are talking about. It
takes some work to get to the point of financial freedom. It will feel like you're
doing more work than what you're getting paid in the beginning. This is normal
because it is not get rich quick. You're building a foundation to work from. You're
also finding your niche on the method that works best for you to build your
business.
I hear network marketers complain that they're not making enough money because
they're not making enough sales. You certainly need some sales, but what these
people don't realize is that you need other people in your downline to be making
sales. The object is to have more sales in your downline than your own personal
sales. You do that by getting as many representatives as possible.
When I train a new representative to my business, I encourage them to get just a
couple of customers first, then prospect for representatives. I tell them that after a
prospect sees a presentation of the business, ask them to be a representative first. If
they don't have an interest to do that, then ask them to be a customer. The more
representatives you add, the more customers you'll have in your entire
organization.
I tried Network Marketing before and I will
never do it again!
I've heard this many times from people who are turned off about the Multi-Level
Marketing (MLM) or network marketing business. They swear they will never try
it again.
4. Some people try marriage once and vow never to try it again. How many people
have tried marriage again?
Some things are better the second time around. For one thing, the internet came
along and made the process of approaching people much more appealing. For one
thing, I don't do any cold calls anymore. Most of the people I talk to have seen a
presentation of my business and know what it's about before our first conversation.
I also didn't want to pester my family and friends with the business. There are
many inexpensive and some free ways to promote your business without getting
too many people you know involved. It's better to tell them about the business after
you're making some money instead of begging for their help when you're not. This
also makes rejection much easier to handle.
I struggled with a couple of network marketing companies before I found one that
clicked. Learn more about my opportunity here. If you have any questions or
would like more information, please fill out the form below. I would like to help
you as much as possible to succeed in your business venture.
Want to know more? Follow these simple steps:
STEP 1: Listen to this recorded message: (518) 530-1160
STEP 2: Log onto http://www.promoterswanted.com and view the two short
videos
STEP 3: Log onto http://www.teamccm.com/mikeevans Click on the “Join
Now” button to sign up.
Questions? Call me, Mike Evans, at 720-271-3109.