 
Creating Residual Income
The Power of Home-Based Business
Income from jobs has been declining as well as the security that a good job with a good company USED to offer in North America. Before discovering residual income I worked in the same highly skilled trade for thirty years, I made great money, but I was unable to get ahead and I was still only a couple paychecks ahead from being homeless.
A new home-based business opens every ten seconds. 25% of North America is involved in some sort of home business. The average home-based business generates over $50,000 yearly in income, while the average working wage is only $ 26,000 in North America.
Did you know that 9 of 10 families now need two working members to just make ends meet? Surveys indicate 85% of all Americans would like to own their own business.
As your business grows it takes less effort because you not only gain from your own efforts, you also gain from the efforts of others!
Selling - It's Not Bad Word
When you see a movie you enjoy and tell someone else about it, you are, in effect, selling the movie to that person! Did you know that the highest paying profession in the World is sales? Selling is simply sharing stories, and helping people. Everybody seems to hate selling, but most everyone enjoys helping others.
A Internet Marketing career offers advantages that may be unavailable in other professions. It may offer you the true freedom missing. But don't jump to the conclusion that this is another get rich scheme. It's NOT! It takes time and effort, especially in the beginning, just like building anything worthwhile does. You build a foundation and gradually build up from there, like a plant starts with a very small seed. The potential for a entire oak tree is already present in the seed. If you can see the potential, you can achieve the results. As your business grows it takes less effort because you not only gain from your own efforts, you gain from the efforts of others!
There are Four Ways We Can Earn
Working A Job
A JOB - This is the way the majority of us earn income. You may work for years developing specific skills only to be replaced at any time, or by the whim of the company(s) employing you. Today if you have a full time job you will most likely work more than 40 hours a week. Employers today feel that they MUST must maximize your efforts in order to pay any benefits. If you work at a regular job you must really love the work!
Owning A Business
You may sell or resell goods or services. This method usually requires a major investment. 80% of businesses fail within five years. If your business succeeds you won't have just one boss; every customer is your boss. It usually requires very long hours and years to build, and your business may end up owning you. The odds are against success, especially if you begin without substantial funding. In the end this ends up being just another form of selling.
Investments
Stocks and bonds, venture capital, and other investments are proven ways to earn income - but they require substantial up front capital. For your money to earn money, you must have a great deal of it to start with. Most of us don't.
Direct & Internet Marketing
Is one the best methods left for the rest of us. It requires very little initial investment and may continue to be grow long after the initial efforts are complete. It only works for as long as we do.
Once you have established a solid sales organization, your initial efforts and training continue to generate a monthly income indefinitely.
Think about the impact could you have on the environment, people's health, and your own quality of life when you gain the financial freedom to live and work exactly as you want. It's a powerful WIN/WIN way to freedom:
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Getting Started Earning Residual Income
You will want to choose a business that you have some general knowledge and interest in for a start. If you don't have enough interest to start with, you won't follow through. This is the most important consideration.
1. For your first On-Line business you want to keep your costs down and work on just producing any amount of income. This always seems so easy when you start. Many people assume they will make some money off other people's efforts. Trust me it doesn't work. In reality you work until you make money from YOUR efforts then teach others to do what you already did. That's why it's so hard in the beginning, If you don't know what to do you won't know how to show others.
2. Look for as much of a turn key business system as you can find. Consider selling other people's products or services. Most people spend too much money and not enough time promoting their first home business - then if it doesn't pay off in a few weeks they go around telling everyone that "Internet marketing doesn't work". I can't tell you how many times I've seen first time marketers spend $300 to $1000 on the phone and only make $25 dollars the first month, it's as if they believe they can purchase success.
3. Pick your team-mates like you were hiring employees or management staff. Like you would if you were building a corporation from scratch. You want to find self starters that bring something to the table, more than just their appetite to make money.
4. I know this is not mainstream thinking but when someone asks me what I going to do to support them, ask them what skills, energy and experience they are bringing to the team. I spend more of time supporting people who get results, Why? Because my time is important too, and I'm in business to make money. People will tell you all kinds of things to get your attention but in reality ask them to show you not tell you. The people that learn quickly, can plan and are willing to work towards goals are the ones that will stick around, the rest are just shopping. More than 90% quit within 3 months.
Many people are looking for hand holders. It's OK to hold someone's hand from time to time but you can never make a success out of someone who is not willing to work and think things through. As in most occupations the majority of people are waiting for someone else to do all the work. When you find these people send them to those other guys that spend all day hand holding because they haven't accomplished anything worth duplicating. Just being a friend is not enough it takes skills that are learned over time through effort.
If it's true that every seed gives birth to fruit of it's own kind you are looking for those seeds that are right. You would never plant a peach and expect to grow a watermelon it's not in its nature, just as you would never plant cactus in a rain forest.
"A Seed Gives Birth to Fruit of it's Own Kind"
How do you find out what's real? Simple listen - I think god gave us all two ears and only one mouth for a reason.
5) Think long term. Remember, over 90% give up before making much money. Don't spend extra money just to save time in the beginning. Don't ever allow yourself to be rushed. Sales scams depend on getting others to feel that they must act this minute. Your results will always depend on your efforts, timing is more important once you have already made money not when your starting at zero. Take your time. It's more important that you choose wisely in the beginning, you can't go back and do the beginning over. That's why people quit because they get rushed into something that's not right for them, if they start over it's usually with another program then another. In order to make the big money you need to learn how to make some money, when you have made some you can teach what you now know to others. When you help others the same money you will always make more and more yourself.
6. Once you start making money grow your income until you make at least $ 300, then do it in a month, in a week, and only then start adding diversify to your business. You must learn to make your business grow first how else would you get the funds to diversify. You diversify so that all your eggs are not in one basket.
If McDonald would have stopped with the first hamburger stand it never would have become the giant it is today, but if McDonalds had gone into the car business after their first success they wouldn't have been able to leverage or convert their success experience. Once your making money start planning how to leverage what you have already learned.
Again this is not mainstream thinking. Most people will go with the proven winner. But what if your chosen business runs into difficulty. The nature of Internet marketing is that what is the rage now may be replaced by the new & better products compensation plans etc in the future.
Your first On-line business should be at least somewhat HOT in the marketplace but just as any good investor will buy conservative stock and sometimes buy a risky but more profitable stock, in the long run develop a mix conservative long term businesses that will work year after year. Only shoot for the stars as a sideline like others do with the lottery - it's just as much fun, but you have better odds.
I worked one business for almost a year and used most of the profit to diversify now I am comfortably working several. I couldn't have been successful working several until I learned how to make one business work.
7. BUILD ONE TEAM: In multi-level marketing it's called a downline. I consider it to be more like a team. What I call the Mastermind Alliance is just helping others with your strengths and getting help from others in their areas of expertise. In a perfect world everyone would do what they were drawn to and good at.
I prefer to call multi-level marketing cooperative marketing. Why start with new people every time you find a new opportunity. Isn't it smarter to bring in many of the people you have worked with before - or to go with them when the opportunity is perfect for their skills and interests. Build a team, learn when to be a team leader and learn when to be a team member, regardless of your position.
8. Once you learn how to be a leader you can learn when to serve. You will find that if you focus on making your team money you will end up making more yourself, you cant help it. You do this by learning then teaching. If you build your co-op right, you will find other leaders to work with, or they will find you. You may all focus slightly on different businesses but using cooperative teamwork and synergy you all earn more and do a better job.
A Seed Gives Birth to Fruit of its Own
Kind
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