MLM Residual Income Formula
We are faced with a bad perception in the eyes of some, due to lazy people joining our ranks, sitting on their ass waiting for cash to roll in, and then tell everybody it is a pyramid scam when no checks show up…
But there is another group of people who for whatever reason joined an MLM and had just enough success in their team building efforts to experience true residual income in MLM. These are the bright network marketers who have discovered what I like to call the “Residual Income Formula“.
My MLM Residual Income Story
I’ll never forget the first time I received a check which was mainly comprised of re-orders (residual income) from my business partners and our customer base.
I had checked my back office one last time before the month had ended and all the commissions and “points” were added up.
Although my e-wallet only showed the $252 I had earned through retail profits for the month, the check that arrived at my house was for over $650.
That extra $400 in residual income had come from old customers I had already setup with an auto shipment of our products, and more importantly my team of network marketers who were out there making retail sales and recruiting new distributors.
How to Create True Residual Income in MLM
The main thing people ask me about MLM residual income is how to create it? How could you possibly setup a stream of income over a 1-2 year period that will continue to pay you and your family for decades to come?
Here is my proven residual income formula.
The first component that I have found to be very key in creating a lasting residual income is having an affordable product. If your product is high in cost and people on your team aren’t making money their first week, don’t be surprised if their auto ship is turned off within the first 30 days.
Next your company should have a very simple system to teach your new reps how to earn a profit their first week in business. Like I said in my first point, if you don’t have a ton of people earning a part time income on your team then you will never earn a full time income in MLM lets be very clear.
Having a system that takes a person by the hand and shows them how to make phone calls and connect with people, along with how to make sales and recruit new distributors will make or break your dream of having true residual income.
If your company has high cost products over $150 a month lets say, and the system in place is just not easy enough for somebody new to working from home to have success their first few days then it might be time to make a business decision (not a personal one) to maybe look for a new company with low cost products, and an effective system in place.
Our low cost entry system, a small overhead of $49 per month, and a complete turnkey system is changing the name of the game so that even the little guy has a shot in home business.
I hope you have enjoyed this article about my MLM residual income formula!
I can’t WAIT to hear your success story!
If you want to start working for yourself but feel you don’t have the money then you’re wrong. If you have a computer and space to put it then you have all you need. You can also start you home business and work it around your job. You can gradually commit more time as your home business grows.
If you’re tired of your job and really want to work for yourself then stop making excuses and do it.
Though affiliate marketing programs and selling services you will find that having your home business is easier than you think.
All it takes is time and a commitment to succeed…
By taking advantage of the affiliate marketing programs that are currently available to you on this very page, you can make money and improve your marketing skills. Remember, you can always expand into other areas and venture out totally on your own later. Right now, get marketing and get clicking.
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Author of Create Your Own Economy