Multi-Level Marketing Residual Income
Copyright © Rahimah Sultan
http://www.payitforward4profits.com/rahimah
MLM residual income is not a free ride. Many people believe that having residual income means they will not have to work at all. This misconception is the reason many MLM businesses fail. People are drawn in by someone’s enthusiasm and hype. At first an MLM may seem easily workable. The concept is based on a simple formula, but simple is not necessarily easy. You must be committed, and there is always work involved.
MLMs are popular because of the draw of earning money over and over from the one-time sale of a product that is consumed and has to be replaced on a monthly basis. Money can be made even if a person never recruits anyone. But, the team building is the way to earn a sizeable income. As each team member recruits and adds people, each of those people do the same and everyone earns money.
MLM is not a risk free opportunity. It is business and as with any business there is risk involved. If a person signs up people who decide to quit then there is a loss of income. So, an MLM opportunity needs to be run like a business. There should be a management structure in place and a staff that actually operates the business.
Multi-level marketing is not a way to get rich quick. Making lots of money takes time, but the structure of MLM has been proven to be a great way to earn a nice residual income. Many people make a great living solely from MLM, so it is possible to earn your financial freedom this way. Just thoroughly research companies that you may be interested in before joining. Don’t listen to hype. Do your homework and choose the one that suits your passion.
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Thursday, January 11, 2007
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