A Residual Income Means Building a Strong Foundation

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A Residual Income Means Building a Strong Foundation

by: joecotroneo | Total views: 14 | Word Count: 428 | View PDF | Print View
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Residual Income is highly sought after. Who wouldn't want an income you no longer had to work for. A Residual Income is the goal of many people, yet few achieve it.

Linear income is what most of us make if we have a "job". We trade our skills and time for a one time payment. A person like an insurance salesperson makes commissions over and over again on the sale of the same policy.

It is quite obvious that a residual income is much more desired yet harder to acheive. Many people use the MLM Business Model to acheive a residual income they can retire on. Yet 99% of the people who attempt to build an MLM Business to earn residual income fail.

Time is the most important factor when building a residual income. Most people fail because they don't understand how much time it takes to build an MLM business. The most important time in the MLM business is when you startup and this is when you make the least amount of money. This is when you build the foundation for a residual income.

Just like laying the foundation of any building, a lot of digging and heavy work is going on. However it appears to the outside observer that nothing is happening. When will the building start to rise; or in MLM terms, when will the downline start to grow?

In the beginning you will be setting up lead capture pages with autoresponder followup messages to lay the foundation for your business. You will begin to sign up your 1st distributors. Training these 1st distributors is of upmost importance since they will duplicate you. If you fail at this critical stage of duplication you will fail to build an MLM Business which will produce a reliable residual income.

It will cost you money to lay a firm foundation to earn a residual income in your MLM Business. You will not earn money during this period. The best you can hope for is to break even. This is the reason the failure rate is so high. Few people can overcome laying out money for 6 months, while it "seems" that nothing is happening. Get past this crucial period, and you probably couldn't stop the momentum if you wanted to.

A residual income you can retire on belongs to those who have the patience to succeed. They can see the end from the beginning, they are prepared for the lonhg haul. Be ready to go the distance, with no distraction from acheiving your ultimate goal, and you will end up with a strong MLM business.
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