Residual Income or "Walk Away Income" are terms used by many people promoting Network Marketing opportunities. These terms mean that you can build up a group of people that you will get paid on whether you work or not, like royalty income from books or cd sales. Well, the truth is, it doesn't happen like that at all.
Residual Income is a term used when people are promoting typically MLM or Multi-Level Network Marketing Businesses. This is the idea or concept that you can build up a large group of distributors or reps and you can get paid on their efforts for life and simply retire. This concept often refers to book or cd sales as a comparison. The truth is this type of income (walk away) doesn't exist in the network marketing or mlm industry.
This is a touchy subject amongst some people, but I want to share my opinion regarding it. I have been working full time in the home business industry for 10+ years. Some of that time has been spent in network marketing where the concept of working 3-5 years and creating a walk away residual is promoted. I have been very fortunate to have some extraordinary success in that field, working in that type of compensation model for 7 of my 10 years.
During that time period I've had enough time to see trends and see that this concept of walk away income doesn't exist. I've met many top earners who you would think had achieved the mythical walk away income, but guess what...? They are still working today, some in their 2nd or 3rd company since I've known them!
I ask, where is the residual or walk-away income here? I say it doesn't exist. I personally know distributors who have or had tens of thousands of reps in their downlines at times and they are now working again or starting from scratch, but still are selling "walk away income". It makes me want to scream! They can't see that 99.9% of the people can't do what they do and they can't even achieve the mythical income.
There are many reasons why I feel this way and all are based on real life examples. One is companies change. I don't think companies like paying a million dollars a year to a someone sitting on a beach somewhere not doing anything to grow the company, so they change the compensation plan to include requirements to make these people "work", hence no "walk away". The company may go out of business or get sold, the product may have issues with a regulatory agency and people get scared and your team vanishes. One of your top leaders gets a signing bonus to move over to a new company and takes most of your team with them, then what? No walk away income and you are starting over.
Not only are these real life examples, but they all happened to me!
So here is my question to you... If there isn't true walk away residual income, why not work in a business model that allows you to create the most income in the shortest amount of time? Then you can take that money and invest it in true residual/passive investment vehicles like Real Estate or other investment vehicles that throw off passive residual income. Passive income is the key word to understand here.
I ask many people this question and most of the time I hear "but this one is for real" or "this one is different". Last year I heard this from a friend and very talented businessman. It was October and he announced "he had found the one", but it wasn't 3 weeks later, a delivery arrived at my door from a new company and guess what? It was him, promoting a new company not even a month later!
So I say - Do it NOW, Do it BIG, Don't believe the myth!
Marshall Gilliam - At the age of 38 he has built several successful businesses and helped thousands around the world achieve true freedom working from home. Today he works his business from his home office 20 hours a week teaching people how to work less and get paid more.
For more information on Marshall and his business visit him at:
http://www.realwealthsolution.com
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http://www.submityourarticle.com
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