I know it’s a generalization, but I think it’s safe to say that most people work at jobs just for the paycheck. In most cases people aren’t doing what they love they are doing what they have to do to be able to survive. The dream of finding a residual income business opportunity is alive and well for many people. But is it a realistic dream? Yes, if you know where to look.
For anyone who may not be entirely clear on what residual income is, it’s a form of income that will pay you over and over again for doing the work once. Think of an author who wrote a best selling book. She did the work once (wrote the book) but every time a copy of that book is sold she gets money.
There are other ways you can make residual income and one of the best and easiest ways to do it is to build a network marketing business.
Network marketing, sometimes called multi level marketing (MLM) is a business model that has been around a long time. Many major companies have successfully been building their businesses using this model. Think of companies like Tupperware, Mary Kay Cosmetics, and Avon to name just a few.
The concept is simple, you recruit other people who want to build their own business. Every person that comes into your business under you will be your downline and you will make a percentage on all the sales they make.
The same thing happens for them. Let’s say you start a network marketing business of your own. You know your Aunt has been laid off and needs to make some money so you approach her with the idea of building her own network marketing business. She thinks it’s a great idea and she joins under you. She is part of your downline and you will earn commissions on what she sells.
Now the neat part is that she can do the same thing. She can get other people to come into her business and they will form her downline. She will get commissions on what they sell. And so on.
That’s the beauty of this business model, if you build a nice big downline you can make money every single month without having to do more work.
One thing I want to make perfectly clear: network marketing is NOT a pyramid scheme. A pyramid scheme is when people earn money just by getting other people to join. That’s it. No product or service is being sold, they just make money by signing up new people.
With a legitimate network marketing company you make money because people buy the products from whatever company you join, every month. So if you join Avon you get paid when other people buy the products that Avon sells.
The good news is that there are many residual income business opportunity companies that you can join. In order to succeed you need to only align yourself with a great company that has a great product. You will also need to treat your business like a business and not like a hobby. Learn the skills you need to be successful, don’t expect it to happen overnight, and never give up and you can be living the live that so many people dream about.