This article explains the importance of generating residual income as well as the need for people to use the network marketing business model if they want to achieve financial and time freedom. So, even if you already have a job or a business, network marketing is essential if you want to build a residual or passive income over time.
The most popular definition of residual income is "revenue earned while sleeping." Is it really feasible to make money while you sleep? Some individuals may find this unusual, but it is possible.
The value of residual income in a man's life is expressed in a comment by Warren Buffet, a millionaire investor, who said, "If you don't discover a method to create money while you sleep, you will labor until you die."
Many people overlook residual income, despite the fact that it is critical to their future well-being. And what was the end result? With disastrous results.
You're simply exchanging time for money if you go to work every day and get paid at the end of the month. Your remuneration is not a one-time payment. When you stop working, your income stops as well.
Let me use the following example to demonstrate residual revenue.
Consider two men living in a community. Every day, they must trek a mile to a river to obtain water for their families. After a month, one man begins work on an underground pipeline to connect his house to the river. He devotes extra efforts to his pipeline for an entire year. When he's done, he'll have a straight line from the river to his residence, while the other person will continue to visit the river.
Residual income is similar to laying a pipeline from a source to your home so you don't have to walk to the river every time you need water.
You'll see that the pipeline took a long time to build in that case. But, having done so, the man was able to continue to enjoy his water supply without difficulty.
The second man, however, who did not take the same step, was forced to continue visiting the river for his water supply. What will happen if he is unable to work? He and his family will be without water for an extended period of time and will face the repercussions.
There are a variety of business efforts that you can use to earn residual revenue. However, I do encourage network marketing, or MLM as it is sometimes referred to because it does not require a large number of funds to get started.
Various network marketing specialists have stated a lot about network marketing, yet many still pretend to be unaware of it.
THESE ARE THE REASONS WHY PEOPLE DO NOT CONSIDER NETWORK MARKETING:
• They are unable to do so due to a lack of funds.
• because the business or opportunity isn't good.
• They are concerned about getting conned.
• because profit margins are insufficient.
• because there isn't enough demand for the goods.
• because they must first consult their wives.
• because they need to sleep on it for a night.
• They require extra time to conduct research on the firm.
• They need to speak with you on the phone in order to join.
• because they'll have to poll other Facebook users to see if you're a good sponsor
• Because they require access to your bank account in order to verify the results.
• because they don't think it's true.
The true reason people don't join a network marketing business opportunity is that society has trained them to be consumers rather than producers of commodities.
They've been socialized to believe that they can buy "education" but not "knowledge."
They've been taught that having a "job" is preferable to owning a "company."
They've been taught to be employees, but not to be their own rulers.
They are non-thinkers rather than doers.
Anything that challenges them is a source of fear for them.
That is precisely what this is all about. It's about people who are terrified of learning new things and venturing outside of their comfort zones, and who are paralyzed by their worries.
It's all about being at ease and not caring what other people think. It has to do with their family believing they are FAILURES if they do anything other than work.
If you're currently employed, keep in mind that you're merely exchanging your time and effort for a paycheck at the end of the month. That's fine, but you're not building residual income, which is the pipeline that will allow you to obtain water without having to go to the river, by going to work every day.
What should you be thinking about now, based on the information presented above? Continue working full-time, but approach a network marketing professional to build up a part-time network marketing business. The small amount of part-time effort you put into the firm will soon pay off handsomely.
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