Residual income,Network marketing,The perfect retirement plan
- Author Max Seale
- Published June 30, 2010
- Word count 531
Remember Elvis Presley?Who could forget him!He's been dead since 1977,but as long as there's music, the king of rock and roll will always be a part of it. Even though death short circuited Elvis's career and prevented him from recording another song or performing in concert, he's still making money. In fact, Elvis will earn more money dead than he did alive! How so? Residual income.
While Elvis was alive, you can imagine that he was thrilled every time he heard one of his songs on the radio. The old hound dog had to cherish the fact that the music industry loved him tenderly. But, Elvis also new that every time one of his songs aired on the radio, he earned a royalty, or what you might think of as a commission. Now he didn't get rich just because one radio station played his music; the money from one station didn't amount to much. But when thousands of radio stations played his records, sometimes two and three times a day, every day of the week, in many parts of the world, the result was a pile of money.
Now that Elvis has been dead all these years, radio stations still pay a royalty to air his music. Music retailers pay Elvis's estate a royalty on his CD sales, and T-shirt companies pay a royalty just so they can sell shirts with his likeness on them. I don't know for sure, but Elvis's residual income for one year is probably larger than the gross national product of several small countries!
Some network marketers can belt out a tune and probably get paid for it, but when it comes to earning residual income, network marketers will stick with network marketing. For many people that's the way to make a pile of money!
If you sponsor two people to join you in business, and you earn a little bit of money for everything they sell for as long as they sell it, and they each sponsor two people,who sponsor two people, who sponsor two people, after a period of time you have 50, 200, 800, maybe several thousand people in your downline, or sales organization. And you earn just a little bit of money on everything each person under you sells for as long as they sell it! That's residual income.
Perhaps the best attribute of residual income with many companies is that it keeps on paying you even after you stop working. And if you sell your business or turn it over to your children, that residual income keeps on paying even after your dead. See there, you and Elvis may have a little in common!
Is anyone working today who wouldn't want some residual income? If you do, you can imagine that millions of other people do, too. And some of them are likely to join you in business, that is, providing that network marketing will work for you.
Every legitimate network marketing company should offer at least two major possibilities and many other smaller benefits;
A real long term opportunity to earn significant money,including residual income.
An opportunity to make a positive difference in the lives of others.
Max Seale
Max Seale.Marketing success Coach.I create a successful downline;because if you fail I fail!
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