Passive Income, residuals, royalties three ways to get paid multiple times for a one-time effort. You write a song in 1970 it gets covered by many artists. Each artist sells many albums or radio stations play your tune and Presto! you get a royalty check in the mail, even decades after you first published the song. Here's another example:
The Best-selling author, Robert Ludlum was an extremely popular spy-thriller writer. Espionage based fiction was at its peak during the Cold War Years prior to the collapse of the Soviet Union and the Berlin Wall. Two of his titles, The Bourne Identity and The Bourne Supremacy were written in the mid-seventies, roughly thirty years ago.
Both books became recent smash hits starring Matt Damon. Mr Ludlum gets royalties from the box office,VHS and DVD and (I am assuming) merchandise sales from these films. Not only that, the movies have stirred up an interest in all of his books. They have been re-printed and released again to the book-buying public. All of this from two books he wrote 3 decades ago! Can you say Ka-ching!
That is the power of residual income. I intend to write a bestseller one day. It has always been a dream of mine. My Father was a writer and I come from a family of devoted readers. I have a passion for books and that is what impels me to write. The idea of royalties is just icing on the cake. But such enticing icing!
Building a passive income is also one of the main reasons people get involved in Network marketing. You can build a Network that continues to grow even after you have retired from the business. Take a month off -check's in the mail. Take a year off to backpack through India - there's a check coming in every month you are away. Try to do that with your job. Or harder still: Try and leave your employees to man the helm for a year and see what happens. Maybe, not so good.
There has been a lot of talk lately that MLMers are only interested in feathering their own nests. That their primary interest is sponsoring new distributors and not promoting products. To make a decent income you have to build your down-line. To create a passive stream of income you have to build a network.
I don't know how wide spread this is but I do know that Tahitian Noni International is approaching $4 Billion in product sales ( if my stats are current ) and there is a bottle of Tahitian Noni Juice sold every 1.2 seconds somewhere in the world. I also know that there are many TNI distributors building massive down-lines. TNI is expanding into brand new markets every year and that allows you to take part in many ground-floor opportunities. The Juice is on the move.
So, it seems to me it is not an either/or situation. You need to promote the products in order to promote the opportunity. The sales figures speak for themselves: a 20% increase over last quarter.
I can't speak for the rest of the industry but if you are looking for a chance to build a residual and income and wish to represent a briskly selling product then I suggest you look into the Tahitian Noni International opportunity. Click on the link below and explore the Home page. Your dreams may be closer than you think.
- David Parton
Helping others and myself improve their income and boost their health and energy levels with Tahitian Noni Juice.
http://the_noni_blog.typepad.com/noni/
Did you just meet the most important person in your... Read More
I bet you have not thought about it much, but... Read More
For those of you interested in international business transactions or... Read More
Success in your career depends upon how well you manage... Read More
Many workers think that their hard work will speak for... Read More
Whether you're an introvert or an extrovert, feel like you... Read More
Who needs a network of people to talk to about... Read More
What do you tell people when asked what you do?... Read More
Why would I pick this group over another group?How many... Read More
Are you in the relationship business? Of course you are.... Read More
Networking: Is it who you know or what you know... Read More
Rather than being there to eat the food and drink... Read More
Real networking isn't about handing out business cards at a... Read More
There is a rather famous true story called "Acres of... Read More
What's a gift mean? If you're like me, you probably... Read More
"The Networking Factor, Everyone is important!" This slogan reminds me... Read More
Networking is often identified as a key business building activity... Read More
A value-added network can be achieved through explicit actions to... Read More
June is reality check month. Lots of the resolutions have... Read More
Recently, while providing an up-and-coming Virtual Assistant (VA) and small... Read More
Networking, even to a seasoned professional, can seem intimidating or... Read More
"Instead of a handshake, I gave Toby a high-five to... Read More
Just yesterday I received an email from a colleague telling... Read More
I have been working from home on the internet for... Read More
For the self employed professional, nothing is more important than... Read More
Put join a networking group on your to do list... Read More
While surfing for traffic or browsing your safelist emails, you... Read More
Who needs a network of people to talk to about... Read More
Networking is a term that didn't exist (academically) until almost... Read More
Ah, the personal touch that continues to make a big... Read More
Let's be real. With other pressures of life upon us,... Read More
Rather than being there to eat the food and drink... Read More
Networking is probably the oldest, easiest, most effective and least... Read More
Breaking into conversational groups is one of the things people... Read More
Most of us remember the commercial that said, "I told... Read More
"Instead of a handshake, I gave Toby a high-five to... Read More
Successful networking requires the understanding from the get-go that it... Read More
It used to be that people said that there was... Read More
In the workplace - and when dealing with workplace matters... Read More
In life, you have to successfully work with people to... Read More
Just yesterday I received an email from a colleague telling... Read More
"If you build a better mouse trap - the world... Read More
Networking ? it's the latest business trend. Or is it?Actually,... Read More
Passive Income, residuals, royalties three ways to get paid multiple... Read More
Right here in Europe, the very last continent to enter... Read More
The StoryWhen attending conferences, conventions, or private events, it's guaranteed... Read More
When you look at your friends, it's like looking into... Read More
1. Recognise the importance of networkingAsk any successful business person... Read More
As a small business owner you may find yourself in... Read More
Ever wonder if networking, referral groups, and conferences are a... Read More
Networking Networking |