THE RECIPE OF RESIDUAL INCOME

WHAT IS PASSIVE/RESIDUAL INCOME?

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I’m sure many of you have heard the phrase “The rich gets richer and the poor gets poorer.”  This isn’t because the rich are lucky.  What is unique about the rich is that they have discovered the importance of Residual Income and continue to struggle for that; and achieve that.

WHAT IS ACTIVE INCOME?

The masses all across the globe depend their living on ACTIVE INCOME.  Active income is the income that can't be earned without your presence in the business scene. You must show up to work place to earn wages, salaries or your own business.

WHAT IS PASSIVE OR RESIDUAL INCOME?

There are quite a few in the world who derive their income through this sort of income. Passive Income OR Residual Income is the income achieved through setting up a system; and this may require variable time keeping in view the nature of business. In simple words what you do is instead of earning directly you incorporate a system before your income and that system generates an income for you. That means in the first phase of Passive Income or Residual Income you have to remain active in order to establish a system. And once it is done then the income depends your system rather than you.  Following are the example of of Passive Income OR Residual Income:

*     Brands

*     Franchises

*     Business Investments

*     Book

*     Movies

*     Songs available on CDs or any other media that sells in the market

*     Real Estate

*     Personal Business Franchises ( Direct Selling/Network Marketing)

DOES ACTIVE INCOME REQUIRES DILIGENCE?

If you have a product that customers purchase every month then this becomes a source of residual income. As a business owner, this does not require your presence for business day activity.  However, in order to grow your business up you need to offer support and, keep coaching, mentoring and training so that residual income remains intact and show continuous upward growth.

Have you ever noticed that rich people never stop to their work. They continue to venture on business opportunities. It’s not just about earning the money but to keep the business spirit alive; keep themselves busy.   They are passionate about getting engaged in multiple businesses; and they love diversity.

The poor folks might have a perception  of riches getting more richer "unfair". While if you study it carefully you would come to know that the rich have a different mindset. They understand the power of generating residual and passive income by building assets and leveraging other people’s efforts.

“ I am working full-time on my job and part-time on my fortune.”

Jim Rohn                

DOES RESIDUAL INCOME REQUIRES PATIENCE?

Like I said earlier the time factor to attain Passive Income level remains variable  for different people with different business. Matter of the fact is IT TAKES TIME. Teach and educate yourself.   Think about planting a seed. How long does it take for that tree to grow up from the base?  How long will it actually take before a fruit tree ripe fruit?  It has to follow a logical process. You take care of it; water it; clean up the bed; so much and so on. The same is the case of  Residual Income. Just like planting an orchard; unlike a farmer who yields grains. You need not to repeat this process in every season. Once you set up an orchard you only need to nurture it and at the end of the day you can enjoy the fruit.

RESIDUAL INCOME IS THE KEY TO FINANCIAL FREEDOM

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Living a life from Pay Cheque to Pay Cheque. This is what the life-style which majority of people pursuing through out their lives.  They are struggling just to meet ends need; what about addressing unforeseen financial crisis or scene or unaccounted for need that could arise anytime without asking your permission. The retirement scenario is no more less than a pain for retires.

Everyone wants to have Financial Freedom.  They want to achieve a better lifestyle for their family.  But somehow they stuck up and don’t know or understand how they can  get through this.

I wish to help them understand as to Why and How much important is this for them to attain passive income stage. The first and foremost thing is the realization of how important is this for them to get on with this as soon as possible. What I ask them is to invest in their-selves, believe in themselves.  Everyone has something unique in  him and they change their circumstances by exploring and implementing the right things to do.   

If you are relying on Active income and really wish to understand and proceed with Passive Income at an early stage of your life I would appreciate to have your comments. I can be reached through my personal email where we can talk about How to Achieve Passive Income in due course of time.

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The Naked Truth about Network Marketing

Is Network Marketing A Pyramid/Ponzi Scheme/Scam?

If you were to ask most people how they feel about network marketing or even a ‘home based business‘, they would have something negative to say  like this....

“It’s a scam.”

“It’s a pyramid scheme.”

“It doesn’t work.”

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Network Marketing is the only way to live a surreal life when it comes to speak about the masses. It is the only platform where you can launch " A Dream Fulfilling Life. The only thing among few that you need to ensure is " The Quality of Products or Services for that matter and life span of the Direct Selling Company that you wish to move along".

But why people have negative perception about this? I mean Network Marketing. Is it just a perception or reality. Like I have given a mind blowing statement regarding Network Marketing just a few lines before; we can't just let this go. What is in the middle? I mean there are two different perception about this unusual way of doing business. Not just different but almost 180 degree opposite to each other. We can't just let this go. We need to sort it out; and we need to dig down; to evolve an unbiased analysis for the reason it pertains to masses; it relates to their dreams; living a high quality life. Most certainly they deserve it. This is the question about their lives. You can't just set this aside by giving a slashing statement. 

Through my personal experience and in-depth understanding of direct selling, way of business, I have reached a point where I can announce a conclusive statement.

“ There is nothing wrong with the Phenomenon which is known as Network Marketing. It is awesome and indisputable.The only thing we should be sure about is the "establishment" that we wish to work with.”

NK Afridi 

Now there could be many many quality oriented and time tested direct selling companies around you; and the comparison in their goodness still remains valid. By all means this is logical. But they will lead you to a life-style of financial and time freedom; all of them; without a shadow of doubt.

Here we need to analyze and reach out the genuine reasons as to what really happens with the people associated with Network Marketing  that results in originating  the negative perception? The reason people say what they do is because they…

TRIED IT AND FAILED ... so they assume it’s not legit. You failed? what is so big and unusual about this? Either you get through or fail; this is a universal fact about everything. You go to school; either you pass or fail. you open up a departmental store; either you are successful or unsuccessful. you play games; either you win or loss. Who says that you can never fail in Network Marketing? But does that mean your failure is just because of Network Marketing? Shifting your own failure to someone else's shoulder. Is it justified? This is exactly like if you get fail in school, or business, or sports; you just can't blame them. Network Marketing is not an Out of World Phenomenon. Anyone can be a failure or success; and you know you got to see this; the chances of success (though its not just a success; its a big big success when it comes to Network Marketing) are sky high in Network Marketing. You can easily compare successful of Network Marketing with that of any other legitimate business in the world. The success in Network Marketing is remarkable.

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To me the only reason for being unsuccessful in the way of most successful trend of business in the world is.....

YOU ARE NOT FOLLOWING THE SOPs OF NETWORK MARKETING

SOPs? Ooops! what is this? SOPs - Standard Operating Procedures or Dos and Don'ts. If you by-pass them and try to do your own experiment with this business you are most likely to venture yourself to high chances of failure. There is a "basic" attached to this way of business. No one stopping you to be innovative; be innovative as much as anyone can; but don't forget the basics (SOPs). There is nothing wrong in being innovative provided you stick to basics. Basics are essence and spirit of any business; if you by pass them you would be a confirmed failure in any kind of business or work you do and Network Marketing can't be an exception.

Lets see what Donald Trump and Robert Kiyosaki, the two iconic personality of Network Marketing World, have to say about Network Marketing.

 “Years ago, many people were opposed to a business model known as franchising. Many people questioned the legitimacy of franchising. Today, everyone in the world knows about McDonald's. Network Marketing, being a new business model, is experiencing the same opposition franchising experienced years ago. Network marketing has proven itself to be a viable and rewarding source of income, and the challenges could be just right for you.”

 Donald Trump       

“There have been some remarkable examples of success, and those successes have been earned through diligence, enthusiasm and the right product combined with timing. As with so many issues, there are tangible and intangible products involved, but success is not a total mystery, and that applies to network marketing, as well.”

 Donald Trump      

Donald Trump on Letterman: 

Dave  “What if you had to start all over again, what would you do?”

Donald “If I had to start it all over again I would chose Network Marketing business.” 

(The audience laughing).

Donald's replied “That’s why I’m sitting up here and you’re sitting down there.”

“Building a B-quadrant business is not an easy task. So you need to ask yourself, Do I have what it takes? Am I willing to go beyond my comfort zones? Am I willing to be led and willing to learn to lead? Is there a very rich person inside me, ready to come out?” If the answer is yes, start looking for a network marketing business that has a great training program-one that emphasizes education and personal growth.”

 Robert Kiyosaki      

“I am often asked if network-marketing is a pyramid scheme. My reply is that corporations are really pyramid schemes. A corporation has only one person at the top, generally the CEO, and everyone else below”

Robert Kiyosaki       

“A true network-marketing business is the exact opposite of a traditional business model. A network-marketing business is designed to bring you up to the top, not keep you down at the bottom. A true network-marketing business does not succeed unless it brings people up to the top.”

Robert Kiyosaki       

“Do you ever find yourself frustrated that some people just don’t “get” Network Marketing? I understand. It can be hard. But it’s important for you to realize something. The fact people don’t get it is the key to big money in our profession. If everybody truly understood how Network Marketing works… EVERYBODY would want to be a Network Marketer.

Eric Worre       

Conclusion:

So the next time you find yourself frustrated over someone’s ignorance about Network Marketing........ remember this… 

What makes it hard is actually that makes it Awesome!

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