One way Network Marketing business attracts: Residual Income
by Challen Yee, co-founder Team Better Living
This is another cool thing about this industry that got me excited about the business model that is available to you and me.
You are probably familiar with residual income already, it’s just that you may not understand how in the genius of our capitalistic economy how you can take part and in a big way.
Here are a few common ways people generate a residual income:
Real estate rental properties
Unless your mortgage payments are significantly smaller than monthly rental rates, a real estate investor will begin to draw a substantial income, assuming he can maintain a good paying tenant, after the loans are paid off, usually after 15 or 30 years.
You can also sell the property if the value appreciates, but this is not residual income, rather capital gain income.
Interest or Dividend income
Depending on the interest rates, one can draw an income from large dividends. At the time of this writing, interest rates are very low. In either case, it takes a substantial amount of principle to generate a living income. A $1,000,000 dollar investment at 5% will provide you $50,000 per year, that’s assuming you are able to keep your principle risk free and avoid the possibility of losing a portion of your wealth in risky financial instruments.
Retire from a Corporation or Government/Military Career – After 20-40 years of mutual commitment and work, you can achieve a substantial income to fuel your retirement.
Now, there is nothing wrong with these methods of generating income.
You may ask, “Can’t I live on a huge sum of money without investing it, or generating an income?”
Yes, it is possible, but if you are desiring to achieve more freedom or have higher aspirations, or build in greater security, you may consider being able to bring in fresh income (wealth from an outside source and not just tapping out your own savings).
Nowadays, from what I’ve seen, If you need to take on a loan to buy a home, the bank needs to see income, not just a fixed asset like your brokerage or saving’s account. They need to see real, consistent income.
ENTER NETWORK MARKETING
You may be benefiting from any or all of the methods above to provide you residual income but have you heard of or are familiar with NETWORK MARKETING?
Network Marketing companies offer quality products or services and offer business building members or customers an opportunity to get cash rewards for generating revenue for the company. In other words, any legitimate company provides a product or service and customers buy them, same as a network marketing company.
Unlike a traditional company, network marketing, direct sales, or multi-level marketing (MLM) companies, do not waste a horde of money on mass public marketing and advertisements. They rather choose invest their profits back to the loyal customer, especially people who by word of mouth and other more personal means help grow the customer base for the parent company.
Depending on what your financial needs and goals are, Team Better Living can help you craft a plan that can help you realize your goals without the large amounts of capital or the investment of decades of your life to achieve an equivalent or greater retirement benefit.
I can show you how the 4-40 plan works, where it is possible to achieve in 4 years a livable income instead of the 40 years it would take in a traditional career. The truth is, you could do both, you don’t have to do either or, it’s up to you.
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If you are seeking to join a network marketing team or would like to see if Team Better Living is a fit for you, please visit our home page “Freedom” (at the header) and see if our team can be a fit for you.
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