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A Residual Income Means Building a Strong Foundation
Category: MLM
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.
A residual income is not easy to come by. Those who use the MLM business to build a residual income fail in staggering numbers. These numbers can be as much as a 99% failure rate.
Failure in any MLM Business can mostly be attributed to the person failing to take into account the amount of time needed to build a residual income. In the very beginning is the most important time, yet it is the least lucrative time. You will be building your foundation for your business.
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?
An example of building your MLM Business foundation is creating lead capture pages with followup messages thru an autoresponder. You are signing up your 1st level and training them. Fail to train your downline correctly and you will fail to duplicate. Duplication is the key to residual income in MLM and success.
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.
Patience is the key to success in MLM. The time factor which is a inherant component of building a residual income cannot be rushed. Accept it, build a strong foundation, and you can’t help but to succeed.
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