A Residual Income Means Building a Strong Foundation
Getting paid multiple times for doing a task once can be exhilarating. Therefore a residual income is what many people search for. Seldom does any body ever realize their goal of a secure residual income.
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.
Putting in a foundation for a building can be tedious, take up a lot of your time, and be hard work. The untrained observer will think nothing is happening. When will the building go up, or for an MLMer, when will distributors start to signup and begin working?
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.